$btc
Pivotal point here at the 0.5-0.618 fib pocket.
Just had 16M longs run into it.
If you're scalping and caught anything in the lower green box, I'd take this red dot seriously.
Reclaim above highs here is likely a run to range high. Otherwise a simple run back down to liquidity at midrange once more.
Overall trend is friend still as long as $btc continues strength.
I'm currently flat on the markets.
Very extensive day of trading, with multi RR gained on $doge and $near in one day, a few be scalps and a $btc fumble.
This range remains key to use as reference for $btc pa in the next hourly candles.
The hourly range is slowly forming.
Good night.
$btc: my next move, revealed
Fully closed shorts IV, and started flipping it into a long. Can we get 5 wins in a row?
Alright! There it is, the next trade has arrived.
For me, it is time to take a long.
Long, you said Astro? What about the FOMC reversal, has it finished? What does that mean for our shorts?
Keep reading.
The type of long
It's an intraweek long, a long to complete the weekly move. That's still a swing trade, but it means all liquidity left during the week needs to be cleared.
Why a long? Why ignore the remainder of the FOMC reversal?
Yes FOMC reversal is still at play, and our 7% minimal drawdown still isn't finished.
But you have to keep in mind, that we called the FOMC reversal from 66.3k, where we entered short, and we already dropped 6.3%+ from the high.
If you think you can get away with just using 1 confluence all the time, and make money consistently, you will get wrecked instead.
Not always financially, but at the very least emotionally, which propagates into financial ruin regardless.
And that's because when a move starts to get close to completion, bounces against the move start to become more violent. That's again the trapping mechanism at work trapping big liquidity before reaching big liquidity.
So what's the move to finish the week? It's the untouched weekly open and the liquidity left during the course of the week.
That's almost a 2000 points move at least, lots of money to be made.
So what about our shorts?
It's simple, given the FOMC reversal is coming to an end for its initial move, it's no longer beneficial to hold the aggressive short (short IV). But it still makes sense to hold short III, because that's the top short, that's the one that should be closed only when most of the confluences fully confirm the FOMC reversal is over, not the case yet.
So in summary, the plan is simple:
➡️We have developed the bulk of the FOMC reversal move down
➡️The weekly move is still unfinished, likely to complete this week possibly all the way into next week.
➡️Close short VI, flip it into a long.
TLDR;
➡️Fully close aggressive short IV
➡️Flip into new long position
yeh, $USELESS is probably the memecoin that most closely resembles $DOGE from a pure narrative standpoint
and no i'm not talking about, 'dogecoin is a dog and this memecoin is a dog so it's the next dogecoin'
that meta has been beaten to death
when Dogecoin emerged, it was unique because it was the first ever coin to mock Bitcoin’s proposed utility by becoming a literal dog coin with zero utility
it stood alone
$USELESS takes that idea a level higher
it doesn't mock one coin
it mocks the entire crypto sector
and it's incredibly unique and hard to replicate
there are currently 51 million cryptocurrencies but there will only ever be one $USELESS coin
there are tens of millions of memecoins you'll get exhausted trying to differentiate
but there will only ever be one $USELESS coin
simple narrative
instantly understandable
hard to replicate
Japanese traders already recognize $USELESS as the next $DOGE type opportunity and are positioning accordingly
how about you?
Where’s the most unique place you’ve ever bought #SPX6900?
I just bought at the worm hole on Inishmore, Galway…
But I didn’t buy wormholed SPX!
Always on ETH and withdrawn to Cold Storage.
LFG
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I know memecoin bullposting is not usually the kind of post that makes you stop and actually read - but in essence, when you break it down to basics, what is a memecoin?
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🧵 1.
$aura
When there’s a pure form of speculation that’s easy to access, & habitual routine of participants becomes coded into their behaviour (phantom, Jupiter UI), it continues to revive.
I don’t see a strong argument to suggest memecoins won’t see periods of high volume, high attention, and high mindshare again soon.
For that to happen, the major assets need to perform, and we need greed alongside a free flowing, volume rich and liquidity rich market.
The good thing about those conditions is they always cycle and they always come back around. They always have done so we should bet they will again.
There’s no justifiable reason to bet against people returning to memes to have their fun and speculate when the environment and the perception of individual portfolios are positive.
$aura, for me, is one of the top contenders to lead the race as a dominant billion dollar runner.
It’s your choice and it’s down to you as a holder.
Take responsibility, every action you do every message you type do it for the good of the asset.
$AURA didn’t burn its ammo early.
Most projects rush hype.
The @auracoinsolana played it smarter, holding back the big moves until the conditions are right.
While others chased short-term pumps, they stayed quiet and prepared.
Now the setup is there for when the market turns back on and we are positioned to release the full lineup of developments in sync with renewed capital inflows.
@solanaspaces will know all about this!
TRW prof. Adam spotted $aura.
Biggest digital school ever won’t look and keep an eye on weak coins that will rugs on people. They eye only for cult coins, coins that has potential to go to billions, and here we go: $aura is in their list.
Get your $aura up and align with the aureans!
Our #1 Meme Pick is sitting at the perfect buy point...
We’ve done it before, and we’re about to do it again.
WIF @ $0.004 → $5 = 1,000x
Popcat @ $0.003 → $2 = 600x
SPX @ $0.01 → $2.27 = 227x
Now, we’ve found the next one.
With 34,000 holders, deep liquidity, and community-driven growth, it’s proven itself. Even holding strong through the $19B crash.
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@tradeguru@Delphi_Digital@cryptonary
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$AURA is about to be their 4th