3 Tweets 11 reads Jan 02, 2022
More we progress people actually care less and less about BTC and much rather focus on high beta alts. This makes sense, but for day trading purposes I always prefer a slow/ranging market over something that just trends.
LVN from 46k-40k is the path of least resistance now. The market has been also building a 5day composite value above it so if that goes down there will be quite a bit of resistance to break back above.
So tldr above 48k it should be good to go to fill the Christmas selloff towards composite nVPOC at prox 51k but so far it looks more skewed to the downside. For day trading look where prior value is, how vwap for a day looks and what side is getting too heavy/offside.

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