See how price move periods down in $BTC down no longer means that $BTC.D goes up?
Over the last days, $BTC trended down last week from 115k to 110k.
Yet $BTC.D is still sub 60%
$BTC dropped from 126k all the way to 110k, yet $BTC.D is still sitting sub 60%.
Clear transitions.
Looking forward, that is good news.
You don't feel it yet, because the payout will be swiftly, so that is why many will miss out, until it's too late.
Just like 2017.
And that is why trying to time the market on alts is not intuitive and trying to snipe it last minute is not something I recommend (nor do myself, as you know based on my open positions I shared).
Do you see how no one is bullish on alts at the moment?
@astronomer_zero Solid as usual. Just want to ask if the targets are low or mid or high timeframe, do you expect major pullback before it hits each level?
Powell cautiously tees up a cut: “The balance of risks appears to be shifting.”
While labor markets remain in balance, “it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.”
“This unusual situation suggests that downside risks to employment are rising. And if those risks materialize, they can do so quickly in the form of sharply higher layoffs and rising unemployment.”
@PHILANGIANTs@WatcherGuru Funny. Who was shorting it when it went from 4K to 1500? They were the ones laughing back then , this was just a few months ago. Just saying.
This metric has been contracting since November 2024.
The sentiment swings have been getting smaller and smaller.
$BTC volatility has been falling alongside it.
We are overdue for a breakout on price and sentiment. 🤝
$BTC perps
The bump and the run ✅
Alright, successful 'shallow' pullback as we planned out.
Congrats if you caught it and made some quick money.
Shallow pullbacks are still worth catching.
Likely now heading to our main target of the silver pocket which is where we take another profit portion off our big size longs for the quarter, i.e. the ones publicly and loudly announced at 95k.
And so it's all coming together. $BTC in price discovery in Q3
With some beautiful price action.
How many bears and altcoin disbelievers are left? (And yes, I also continue to expect $BTC.D to head lower, update on that next).
See you later.
@astronomer_zero We have seen much longer consolidation period of btc together with much deeper correction on alt coin prices in this cycle. Do you believe the btc d. drop in August and the last quarter this year will be smooth or will it come with painfully long correction of the altcoin prices?
Early signs of a GLI downtrend forming.
First time this has happened this year.
We should still have more room to rally.
But definitely something to keep an eye on. 🤝