DOM is my least talked, most used tools in intraday trading.
Despite that there are no direct "signals" that I derive from it that are acted upon in isolation.
Regardless information from it adds greatly to a trade thesis and odds. As well as order placement, execution.
Generational SPY Trade
Strongest money shot and highest conviction trade idea of the quarter:
1-Wait for the VIX to spike into the low to mid 20s
2-Let the indices flush and raid downside liquidity
3-Then load SPY April 17th calls targeting the 571โ574 monthly gap fill
*50 years of conflict data + inside candle failures + seasonal weakness ending = maximum confluence
(DYOR)
@Dynamo_Patrick its the $mstr effect, engineering keeping btc on balance sheet to raise money to buy more btc. Various companies stacking btc means btc demand is not the same as crypto demand anymore. Ironically, bnb and meme coins have consistent buying mechanism that eth and sol lack.
@_Checkmatey_ tokenomics became inflationary. even the pectra upgrade moves people to pay less fees. Efficiency is not cascaded as needed, efficiency is balanced for some future need, not current needs. usage moved on to l2 or sol because effort was not put in for sub 0 second confirmations.
Unfortunately don't think eth pectra upgrade improves ethbtc price. Till eth doesn't see higher burn and convexity kicks in, price won't improve. Pectra should further reduce burn rate in fact as more l2 use blobs.
(ETH easily goes down as my worst trade.)
US crypto fund should decouple equities from btc. Seems like we are before disbelief on the wall street psychology chart. "Suckers rally."
Can we be at denial? Notice 78k wick and 81k wick. Denial would have 78k and 73k. High probability we are at disbelief.
@htltimor 78k (high volume) and 81k wick (not as high volume - test?) eaten up. Could this not be wyckoff accumulation phase C? Im not that good with wyckoff and don't want to make errors out of hopium, so asking. (I thought wyckoff distribution meant lower highs, not higher lows)
US crypto fund should decouple equities from btc. Seems like we are before disbelief on the wall street psychology chart. "Suckers rally."
Can we be at denial? Notice 78k wick and 81k wick. Denial would have 78k and 73k. High probability we are at disbelief.
macro bias still says we go down / chop for a bit more after 1-2 weeks. focus on volume. high volume + green candle or high volume + red candle will show where we are this week.