1/ New Weekly Bitcoin thread
Last week I read Bitcoin terribly. The good news is that over the past two weeks I’ve learnt more than ever.
We just received a lot of high timeframe Bear VCR alerts in the Telegram. Here are my thoughts on Bitcoin at the moment
2/ Plus there was a 4hr bear pdi when we reached these levels
3/ 9 out of the previous 10 times Saylor announced a #Bitcoin purchase a dump has followed afterwards.
We're now at no. 11, let's see how this plays out. My bet is down (Thurs or Fri this week)
(The last time there was a mini dump before going up)
4/ Important tweet from Rekt. Given PA at the moment I believe he's looking at Phase 4's bearish scenario as the higher probability
5/ And thanks to @Craving_bs for reminding me to add this.
This week's CME gap sits at $44825 to $46550
80% of CME gaps are filled.
6/ Given the above information the scenario i'm looking for is Bitcoin to range here for a few days, then fake out, hit around $48500 and retrace to fill the CME Gap.
Bookmap is also showing a heavy stack of sell orders at 48500 (subject to change)
7/ Also, because we are close to the end of the month it may not happen until Friday. (Chart scenario attached)
I think Eth needs to hit $3600 first, so Alts have time and space to run.
Areas of rejection on them that i'm looking at are their 12hr and Daily Fair Value Gaps
8/ Lots of Alts getting overextended and showing green vectors on the daily charts at the top. A lot of them running into Daily Fair Value Gaps. Bitcoin also at a Daily FVG.
These are strong resistance areas.
Add in Saylor’s announcement today and you’ve got a recipe for 📉📉📉
9/
10/ Watching Asia tonight to see if we get something like this. Flash dump into 46k, liquidate some late longs, then run it back up
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