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Timeless_Crypto
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Bearish breadth (depth) across the board
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BTC
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Timeless_Crypto
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People that actively trade how quick you have to be in the heat of moment You can say flip flop but that is exactly what you need to be Recognise a level you want with conviction, and notice the nuance around to make you change your mind not once, but thrice I consider myself incredibly lucky over the last 5 weeks Been in and out like an assassin Taken some Ls practised restraint All in all, good game As we go into the momentum end of the year we strive for more Nothing like being on a heater #BTC
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Q VAH still remains a huge zone of friction This has crossed the level but what I mean by acceptance is #BTC needs to keep scrubbing around here and put in a multi day/week balance Compress above here, then good chance of a swift move higher But still premature to say this about to rocket here imo. If we round out and start drifting down slowly, there is a clear cut line where you play defence 104-103ish k to be traversed then take it from there imo #BTC
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Again I can't stress this enough This is simply a snapshot of the books as they currently stand Only way to decipher whether this holds is if we get transactions in and around these zones of interest What this indicates for now provided orders stand, that it will take a lot more volume to push market higher than it would be to mean revert it So with that in mind, a ranging environment is still more than likely A BlueSky breakout with this signature? Sure, but would need a catalyst or some impetus to carry momentum (market buyers are needed) I personally think, upside is still capped and will be playing ping pong in between #BTC
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Without a doubt it has been about #Fartcoin and $HYPE over the past quarter That said, I want to bring attention to the trade here For now looks to have reaccepted back inside yearly and qaurter value with an inability to reclaim the monthly vwap For now I think there is a high chance that the low we saw at 80 cents is not it Will eat a shit sandwich if wrong, but I think this is worth taking a contrarian bet on especially if you think $BTC can make another pull back over coming weeks I am betting on getting a bag lower than here and think the run it has had is certainly almost up in the interim
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This is the big bad boss and a place of invalidation for continuation down I suspect the big meat of move will come once the quarter is established and we have our bearings That said, this here is big resistance Flip, hold and cement auction we attack the 110s and new aths Fail, stall and show weakness into new quarter, we look for previous quarter vwap at 94 k GM #BTC
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