BitcoinLong
a significant low forming
Updated
Keeping an ear to the ground for contagion as we enter into buyers territory.
Expect FTX noise to reach extreme levels. They are getting exactly what they were due in my books, you can keep it going as long as you have confidence and liquidity available. They were not trying to build the decentralised world - they were trying to get rich, and then when not content with getting rich, they had to get greedy. It is a real event... on the same level as mt Gox... same level as DAO hack for ethereum when they reset... Celsius, 3AC and everything in-between were the precursor to it all.
From a fundamental perspective.... FED, as always, are in the driving seat. With Powell bending the knee and confirming we are in the final chapters of the hiking cycle the stage is set. If inflation plays ball, we can expect BTC to fly a lot higher.
From a technical perspective.... we are entering into the sweet spot for beginning the 5th impulsive wave in this cycle. Eyeballing a move from $16,000 => $50,000 relatively quickly.
Preemptive positioning and loading at current levels is the name of the game.
Expect FTX noise to reach extreme levels. They are getting exactly what they were due in my books, you can keep it going as long as you have confidence and liquidity available. They were not trying to build the decentralised world - they were trying to get rich, and then when not content with getting rich, they had to get greedy. It is a real event... on the same level as mt Gox... same level as DAO hack for ethereum when they reset... Celsius, 3AC and everything in-between were the precursor to it all.
From a fundamental perspective.... FED, as always, are in the driving seat. With Powell bending the knee and confirming we are in the final chapters of the hiking cycle the stage is set. If inflation plays ball, we can expect BTC to fly a lot higher.
From a technical perspective.... we are entering into the sweet spot for beginning the 5th impulsive wave in this cycle. Eyeballing a move from $16,000 => $50,000 relatively quickly.
Preemptive positioning and loading at current levels is the name of the game.
Trade active
$16,000 ✅Note
Note
eyes on $25,000 over the coming sessionsNote
Trade closed: target reached
after almost a year we are arriving at the important $48,000 TPTrade closed: target reached
aaaand 69,000 USD TP2 cleared !
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