@Globalflows gm ser. as substack subscriber, would be great to get more real time look at your positions if possible.
also, see in your latest macro regime tracker, you flipped bearish ES & bullish BTC. pretty significant, would be great to hear more context on your bias for both. thanks!
#Bitcoin needs to hold the current daily low to see a move towards $115,379.25...
The current daily low is a strong one and should hold (based on last 6 months of data):
- Based on time data, only 20.5% take out the daily low (P1) from here.
- Based on distance data, only 19.7% of days take out the daily P1 (low) from here.
At the exact same time we can see that the current weekly high (P1) is a weak pivot:
- 94.4% of weekly candles form a bigger wick.
Conclusion: As long as we hold today's low, I am still expecting a move towards the current weekly high!
A like and retweet would be so much appreciated for my work QPA-traders!!!!
#QPA
was debating sum1 another forum about $BTC & $ETH targets. he was dooming about LTF price action (next 1-2 weeks). my counter was: relax. you really think top is in for BTC/ETH this bull run? like that's it, not touching $120k again til next cycle? with S&P, russell melt up ongoing & addtl rate cuts coming? might take 1 week or 5 weeks to near ATHs again, but can't convince me crypto run for 2025 is over. whats your take?
@MaxLongCEO you have every justification to share your life struggle here. actually brings much needed levity and reality check to the toxic cesspool of CT.
prayers for the departed and your own recovery.
@willyjayducks yes and typically its a good time to buy when everyone is bleeding and crying everywhere.
i'm not planning any more capital deployment myself into crypto atm. but it is historically good times to buy when everyone is rekt.
@Globalflows so what is the differentiator between performance of other risk assets vs. what we're seeing in crypto?
obv btc been underperforming ES pretty consistently, and overall crypto doesn't seem to be adhering as strongly to the 'melt up'