calmrat

calmrat

without a doubt, there's strong support at 22.5k for current volume. will it hold, or break to 21k/24.5k?

calmrat

I figure it's pretty obvious pattern to see, the head and shoulders. If we go down, let go down together.

calmrat

From what i can see, $BTC is 22.5k to 24.5k right now for a bit. If we go lower, we go lower. Higher. Higher is better. No?

calmrat

Straight lines, with curves, are the norm. While price action continues optimistically northbound, with a top resistance target of 24.5, getting through these levels will be the important part. If we can't crush through 24.5 with strong volume above 25k, I expect to be heading back to for a 20-21k retest sooner than later. Let's go!

calmrat

Nothing much to do about it, the markets are choppy. We are long due a retrace / relief rally. The resistance lines are pretty clear from the past; let's see who's still holding on, where.

calmrat

We've moved passed some liquidity markers in the chart; the new floor in my estimation is 22k; looking good for a bigger move up towards an attempt even at 27k this week, perhaps?

calmrat

$BTC is moving up as $DXY pulls back into the new week. There's likely gonna be a bump in the road at 22.2k USD/BTC but if we can manage to pop passed that, we'll be at 23k in no time. Probability we come back at re-test 20-21k once more are high.

calmrat

looks to me that 24k is in the window. right? $DXY is falling. looking good for it.

calmrat

We overcame the 20k resistance level by at least a little bit, as needed. I'm assuming a retrace to 20k, then its decision time. Friday ... good luck out there guys!

calmrat

That would be scary, right? Can you see it though? Through the coming 6-8 weeks of summer... The next big moves are moments away, in my best estimation.

calmrat

We've failed to breach the upper resistance lines... the bears are working hard! If we can't fake out to the upside and overcome the 20k resistance levels and continue moving up from there by tomorrow, then we should expected <18k during the weekend.

calmrat

The ways of the market are ambiguous, yet interpretable. Pressure clearly continues downward; buying is drying up. We need to get back into the upward channel towards 20-21 in the coming few days. The set-up offers this move, but with DXY in the window, seems we're in for a big move no matter what. Relief rally as everyone else talks about 'haven't hit the bottom...

calmrat

Count on it. If $BTC doesn't pick back up by this weekend, we have issues if we close markets under 20k. Get yourselves prepared to work folks!

calmrat

It's clear where the source of the drawdown is pulling us. If we stay on the current trajectory, we'll be at 15k soon enough. Where's the break?

calmrat

ETH 200% under log scale fair value if you look at it this way. We might have a long way to go yet still! 🧸

calmrat

Fairvalue according to simple log scale applied BTC indicates we're easily 150% under valued. Stack those sats folks!

calmrat

If history rhythms, we're looking at about another 20 days below BTC fair value line...

calmrat

For this next drop, if it's to be, i'm targeting 12-14k as the bottom. With $DXY US dollar index shooting to the moon, whatever the next move is, it's gonna be big. Which ever direction is goes, I call fake-out in the opposite direction within the next 3 weeks. My un-justified hypothesis is that the USD will be used to move the futures markets.