$9lives is going to become the first $1billion cat memecoin.
All these coins are a bunch of Shiba Inu dogs.
Let’s switch up the narrative. Cats taking this bull run.
$9lives leading the charge
@9livessolana
If ur going to read one post on Crypto twitter today make it be this one
Before I started trading meme coins I used to be a funded futures day trader
With this being said I wanted to do some technical analysis on $BTC to see where I believe the market is going from here
I firmly believe doing TA on Bitcoin is the only TA u need as the whole market follows it
But maybe in the future I will branch out
Being a Sol Maxi I wanted to include TA on that as well
But price action is not really following any rules and I firmly believe it is due to all the craziness in the memecoin space that is acting as a black swan event on the entire chain
Couple things to keep in mind before I explain my analysis :
1) None of this is financial advice. Take all information with a grain of salt and DYOR to come up with ur own thesis
2) The strategy I use for my technical analysis is a concept called “Smart Money Concepts” that I’ve learned from numerous people and from my understanding is how the banks, hedge funds, and large institutions trade
3) All analysis made were made on the 1D (Daily) timeframe with no other time frames included
4) The market moves for 1 of 4 reasons
1) Rebalance into inefficiency (Higher timeframe imbalances)
2) Rebalance to equilibrium
3) Generate liquidity (Will be key for later on in the analysis)
4) Hunt liquidity (Will be key for later on in the analysis)
5) Both the chart with the technical analysis drawings will be included at the bottom of this post so refer to them for price points and better understanding
Let's get into the breakdown for $BTC
To start on January 20th Bitcoin created a new ATH but quickly retraced and that mark has yet to be seen before
Considering the daily candle did not close above the previous high, this move is considered a turtle soup
In the simplest of terms, a turtle soup is basically a fake-out
In more technical terms a turtle soup is the last sweep of liquidity before making its move in the direction it wants to go
This is important as this high is part of the next concept I used
This next concept is called equilibrium
Using the fibonacci tool u grab the most recent low and most recent high from the previous move up/down
Which in this case was from $89,395 - $109, 267 (The move up from 1/13 - 1/20)
And see how price compares to the equilibrium point (the “equilibrium” or half way point of the price range)
If u are looking for price to go higher or to long u want price to be in a discount
And vice versa if looking for price to go lower or short u want price to be in a premium
Discount is the bottom half of equilibrium while a premium is the top half of equilibrium
So what we are looking for in this case to see if price has come to a “discounted” price
Which in this case price has come to a discount so buying opportunity may be present
I have been away from crypto twitter for about 2 1/2 days now
Was visiting a friend and just wanted to enjoy my time
The trip was great, got to visit my boy and hang out in a dope city that I could see myself living at in the future
I will tell all my followers this tho
I missed tweeting
I missed raiding
I missed being in the trenches on telegram
I missed it all
Yes, it was a little refreshing
But I truly did miss this lifestyle
I always believed in the “Do what you love in life”
And I now can confidently say I know 100% crypto is what I want to do in life
I will not miss a single day going forward this bull run
I will be more active than ever before
There is :
Money to be made
Connections to be created
Conversations to be had
Trust to be established
And much more
Y’all are not ready for the real Muffin Man
The actual grind starts NOW
LETS RUN IT UP FAM