Zones

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[Zones @zones_trader]

@smileycapital https://t.co/PWN921aelM

[Zonesdart @Zonesdart]

Summer 2021: Accumulation & Expansion
Summer 2022: Distribution & _____?

Took summer 2021 fractal and inverted it.

[Zones @zones_trader]

@BernieMadogg @TheGunted @Tradermayne also, this could bounce to 34-38k, with decent probabilities. But that doesn’t mean a macro bottom, it would just be a local bottom, until the levels are reclaimed. I’m not positioned short either, since we sold off for 7-8 weeks in a row. But im not prematurely calling bottoms

[Zones @zones_trader]

@BernieMadogg @TheGunted @Tradermayne here i literally charted a neutral, unbiased view for you. I would flip bullish if the chart shows it on high timeframes.

[Zones @zones_trader]

@BernieMadogg @TheGunted @Tradermayne nah, market is literally short positioned right now. The same people betting on a bottom has been betting on bottoms since the Mid range. point is, if you’re investing, sure its a good DCA point. But without confirmation, calling it a bottom when charts dont show it is gambling.

[Zones @zones_trader]

@BernieMadogg @TheGunted @Tradermayne July bottom in 2021 was formed with a bottom base accumulation, same as every bottom in BTC’s existence. We just had an impulse down with no base formed yet. Staying bearish is wise, calling bottoms is gambling.

[Zones @zones_trader]

@BernieMadogg @TheGunted @Tradermayne nah, its not a bottom until proven otherwise. Follow the trend, it’s bearish and key structures all broken. Until we reclaim key levels, we stay bearish. Bottoms don’t form in 1 candle. Especially if it’s the end of a cycle. With a shit macro outlook, low odds its a bottom here.

[Zones @zones_trader]

@Naeempix @BarrySilbert Trading is a zero sum game lol.

[Zones @zones_trader]

@sebxbt @blovescrypto89 @ProfitDecryptor @Tradermayne I'm up by $6 on my $10 position 🧠

[Zones @zones_trader]

@joker_szn @Crypto_Joe10 Agree. Ideally wyckoff bottom accumulation - maybe 6mths - 1 year. Covid March 2020 bottom doesn't look likely from the current PA.

Any sharp bounces from here probably cautious of Monthly Open / 36-38K Supply Zone / EMA levels - probably underwater spot bags unload there

[Zones @zones_trader]

@Ch_kvn @Tradermayne TLDR: Market can't trend much, not much volume, no retail normies trading crypto anymore, price flatlines etc.