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Hyperliquid.
$LTC entering longs here but make sure you have enough ammo to add longs If it gets rejected here and goes lower to retest below trend line
First tp 104.66
Stepped away from the computer for a few hours and legit tilted I missed this $FIL entry that I've been eyeing ALL day long. I actually put a bunch of bids there and walked away then cancelled them like an idiot. May still get another re-entry but this is my favorite setup, fib retrace. Really annoyed rn.
$ZEC
Parabola is still intact but it's almost approaching verticality.
IMHO we likely form a distribution range very soon here.
Red zones are for selling... and especially if we break parabola before we reach them
In 2020 #Bitcoin price went up and down many times
In 2022 #Bitcoin price went up and down many times
In 2024 #Bitcoin price went up and down many times
Notice a pattern every 2 years? 2026 is coming. Prepare yourself now.
BTC/market thoughts:
Seeing a lot of people try to read tea leaves based on PA on the 1h chart (or lower), with some suggesting that we're in trouble because BTC didn't V-reverse up to 110k+ or whatever
Nothing has changed:
- BTC is showing a lot of relative strength (if commensurate to its past-weeks s&p corellation, it "should" be trading at 90kish right now)
- Stocks are still in the shitter (locally, obviously)
- The government is still shut down (we actually got bad news on Friday, which didn't make a dent downwards. instead, BTC kept modestly pumping)
- We're still on target to end QT/resume something liq-positive
Would I be worried if BTC kept going down?
While stocks were also sliding further? No, I'd be unworried
While stocks were roughly level? Not really, BTC would kinda be "catching up" to the downside here, and probably just signal saylor frontrunning exhausted itself.
If stocks were meaningfully recovering on news the gov was going to reopen (or in general, even absent an obvious bullish catalyst), ie the s&p was trading above 6800, and BTC was still between 98-105k, then yeah, I'd be worried (see attached pic for illustration of that), but I don't see that outcome as likely.
But not now. Reading into +/- .01% swings during the weekend is genuinely goofball shit.
Because doug funnie said so,
Diaperliquid.