Markets are experiencing a strong rally this week triggered by
a) the reversal of the UK tax cuts shock first, and
b) the RBA hiking less than expected second
against a backdrop of overextended bearish positioning and an asymmetric equities tape to the upside.
“I am a strong believer in the idea that when you first look at a chart you should have a good feeling of which way it is going. If you can not tell that means it has mixed signals and you should move on to something else with a cleaner look.”
Jokes aside. Inclined to think we see this area here in next day or so. Doesnt have to be a bad thing. Healthy and I'll be trying to slowly buy there if we get it bc it is basically invalidation closiny below it, so yea. Doesn't HAVE to happen, just what I see for now. #Bitcoin
#Bitcoin from another perspective.
#BTC is attempting to breakout from the battle zone for the 3rd time.
Mind the Volume profile, there're areas with lack of business that Bitcoin could revisit in a not so distant future.
Do you get the feeling we are about to experience something big? Global shock.
Not meant to cause fear with this tweet... I am genuinely asking if anyone else feels it too?
Not saying we can't go lower than June's lows on things again, we certainly can and I'm very much open to it. But I also wouldn't want to be too bearish on alts down here-ish on HTF/MT-LT Holds. I mean they're like down -99% and 20x from ATH lol R-r-right!? Here's a few random: