When we were rising through $20k everyone watching new something unique was happening this time, but, we didn't quite know what. When things rose past $50k and toward the $1T mark people started to consider gold as already cracked. This was, in fact, silly, since a $1T asset (albeit with superior characteristics) has in no way cracked a $10T assetized technology...
Here's a first slope idea if our angle shift idea is returning to something that channels back to the initial bounce. We'd then expect potentially valuable buying opportunities if we deviate to the low end because people are likely to call a rollover fairly quickly given the recent piecewise downward moves (which are actually unlikely to be repeated given new...
I'd put much more likelihood that we face a curve produced top barrier in the case that we do follow any new conservative slope here for the next 2-3 days (vs the alternative of price-level fixed resistances from previous volumes). This would coincide with an Elliot rollover after this 3rd impulse from the 49k bounce. I'm guessing many people would be looking to...
It could be that this channel bottoming speaks to a consistent volume slog through at a significantly more conservative angle than we've seen in the past 90 days. This top-chop would certainly have a sort-of unexciting and therefore punishing outcome for anyone holding delta for breakouts if we were to simply rise and fill toward the high.
Some unique choices of fib boundaries as we consolidate to a tighter upward channel explain the steady funding we've seen in the 0.030%s. Increasing delta here temporarily on higher fib support lines towards decreasing gamma with the thinking that we are settling to a new slope with no reason for perp to flex further than it has over the past 24hrs.
Across the derivatives markets we're seeing lower premiums than we would expect following this possible gamma increase week over week (which is still ahead of full acceptance). With a significant amount of piecewise linear activity with consistent slopes combined with table-and-chair vertical+sideways motion we saw massive volume creating price constraints as the...
