A lot of the time after such a severe dump a lot of bulls realize they were on the wrong side and wanna desperately get out on a retest
I've seen this countless times where price simply doesn't give this retest on the first try
2/ Instead, it creates false hope, front-running the area on the lower time frame resistances and creating another two or three legs/swings lower on the lower timeframes making all the bulls really anxious and selling their position as they psychologically can't take it anymore.
3/ At that point they are selling right into a higher TF support or close to it based on their emotions.
Price reacts to this heavy market selling and retraces above the next logical point of liquidity.
Right to a place they wanted to sell in the first place
4/ However at this time the mentality is different.
They are no longer looking to sell but rather are scared of price running without them. After all, it's been a rather bigger bounce.
You can see some jumping back in at that point. That's right, into a higher TF resistance.
5/ Right there that's exactly what the smart money needed to get their desired liquidity filled for their shorts.
Right at resistance. At that point, the market is truly ready to head another higher TF leg lower until a further level of liquidity is breached.
6/ Hope u did enjoy this mini thread of my take on what COULD happen.
By no means, this must happen but I have seen this pattern occur time & time again, and if it doesn't this time, it's still valuable to keep in mind for next time when it will.
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You don't wanna miss this #Bitcoin alpha thread π§΅π
#BTC around 50K is still within a strong value area
Lots of people sidelined, waiting for a bigger correction will miss out
Data from Financial Advisors across the US are suggesting big future upside
1/20
Read belowπ
First of all, I did expect we would get the upside we got from the 40-45K range, but after, I thought we would get a deeper pullback at some point to like 32K or so
I do not think that anymore
Below is the original thread worth your time to read through
No emotional bias, just truth bombs full of data & mainly my own context β
Both bullish & bearish arguments - HTF to LTF
Hit like & Bookmark to keep this plan in the back of your mind
Let's get to it π
1/25
We start HTF, scale in & create the valuable context π
So my thesis has been & is still the same throughout the whole of 2023, that we move above the so important psychological level of March 22 high, sitting at 48K, distribute above & pullback
𧡠Big thread on INTEREST RATES around the Western economies & their future projections & implications on the markets
Everyone's focus is on the FED funds rate but by understanding all of them we get a much clearer picture of where the FED is heading π‘
Let's dive in π
1/22
As you can see from the picture, central banks in Western economies tend to move the interest rates on average in a similar trend
We could even call it a consensus
However, some are frontrunners & some laggards and by comparing them all, we can get a general idea of the trend
Each economy has its own factors & issues that come to play in each country of course, which is the reason why we see some deviations here & there on a lower quarterly or yearly scale. But the general trend stays
So why is it that they all move together on average? π