#BTC Next level to watch: BTCJPY ¥4.5mn support

Btw I’m not big on TA- as in, use of charts & patterns to predict future mkt outcomes. I just look at px action & IF levels of activity occur. My charts ≠ complex

Don’t even need chart:
BTCJPY ¥7m → ¥6.5m → ¥6m → ¥5m
&
→¥4.5m
BTCJPY since breaking >¥5mn support I flagged days ago continues stair-step↓ & finding short term resist/support at the ¥0.1mn round levels per my NewYr video
So this “why should I watch BTC¥” (a very odd vid response, as I JUST explained WHY in video..) where’s the harm to not?
On “notifying” me of BTCUSD % of global #BTC activity, & $ = 🌎reserve ccy:

1) Thx, noted
2) & therefore what? BTC.. DOESN’T move in ¥+other non$-only manner?

These arent predictions, theyre observ of existing facts. Not knowing of BTC/_ is ok
But CHOOSING ignorance/$-only?→🤡
& no, neither full list of BTC tickers (no BTC/crypto), nor do I give all equal importance. Im showing I’m not BTC¥ (or BTC/_) only- I’m always looking for what else
But if I can look like this mess (video) & still “know” levels, BTC$ ppl can add +1 ticker

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More from @acrossthespread

10 Jan
#BTC Q4’21 - Current Price Action Story w/ videos

We’re at a pretty critical level right now- this is where Oct longs got long, saw rally to new ATHs & now back to breakeven/losses

So what happened from then → now?

A quick & NON COMPREHENSIVE overview @RealVision Image
1/Oct’21, CME futs backed ETFs launched, $BITO 1st out the gate & grabbed >$1bn AUM in 2 days setting ETF launch record

ETF launches preceded by opening new longs on CME futs for ETF share creation & front runs

See w/
@AshBennington @biancoresearch & I

Image
2/“Artificial” futs driven initial $40k→ATH move via CFTC COT positioning:

“Others” (trading🐋s) 1st in ahead of ETF launch & sold their longs to “Asset Managers,” who went from single digit % → ⅓ of OI & currently very long into this downside & selling (but still very long) Image
Read 15 tweets

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