18 Tweets 11 reads Jan 18, 2022
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@jimtalbot @CL207
$BTC #BTC
The failure here put me back into being bearish mode. If you took the long you should be out by now, i made my position clear on twitter. May be moving stop to break even as we broke down further.
yes i do talk fast, deal with it.
$BTC #BTC
Monthly, trading above last months low, need to get above yearly open. No reason why this range cant play out.
Daily. These dont look alike. Level lost, retested and now we look like we are going to roll over.
$ETH looks cleaner, in that it will leg lower.
$ETH / USD quarterly tap and reversal was my signal/confluence for my $BTC cuz $ETH often gives the cleaner technicals/
Range levels - $BTC
Accumulation below not leading to it going higher, is break in MS and going lower for me.
Should not go above. look to compound.
$BTC
last week low and high. if this level doesnt hold and breaks down, these are my targets.
If it gets back above this mid point im getting the fuck out. ok.
is that clear for everyone?
$BTC Range-bound thesis is that previously we had not hit the range high at the October lows.
After the deviation at the range highs, the current pa looks as though it will leg lower, and targets are what we have discussed previously
$BTC the other side would be a structure like this and then trigger to the first closer target, and key s/r
If it hits the key s/r i dont think its a short, too obvious of a place to be short, the midrange reclaim could lead to a very fast move up towards 52k
IMO we go lower
$ETH #ETH
midpoint is capping price, clean break, leg lower on the break.
target being here, expecting a reaction at this level. then if it breaks down again i have an invalidation and a trigger for a seperate play.
That way you're avoiding the FOMO, having a plan.
No im not from Bradford. That's offensive. No jk
LAUGHING MY FKN WASSIE OFF.
Mod that man :3
Wassifier hab cousins dat live in bradfords, dats how i know dat waz good meme ^_^
$ETH bigger picture.
Diviations at this level here 3750.
We lost this level and now i am bearish.
$BTC when bearish u dont get pullbacks to levels to give you a sell.
Bull-side, ppl would look for pullback to here, we didnt get it, confirmed trend at higher lvl and then moon
Bull market. Consolidation, move up, consolidation, move up.
IF $ETH / USD is trading above the blue box and $BTC finds itself here, i think it could be very possible that you would be able to long to here.
But we will wait and see how it plays out
$ETH pullback, break in MS and up to the box and then u're done.
This is a key level now. Big dirty flush i think.
Draw the range, and adjust slightly to where the midpoint is a pivotal s/r
Deep pullback scenario.
OR
Short the son of a wassie on something like this
$ETH losses this and its fucked.
down here is where i would look for BIG longs to be filled.
S&P; these lows are going to be taken
Guest @davidbelle_
Neva heard of 'im but probably some big brain shid here :3
Market expectation is Fed to raise rates 4 times this year. $BTC v March eurodollar futures contract.
-100 and that sould give you the interest rates in basis points. i would say roughly 25basispts
$BTC risk asset. opportunity cost of risk assets goes up. October rate hike priced in = btc down
Short russell IWM or RTY
long NQ or QQQ
playing relative value b/w the two
slow bleed from monetary policy being priced in
institutions = tradefi MS
Saylor - I like his balls...
China - Growth concerns.
Global GDP, effects the fed, which will effect risk assets.
Debt:GDP high
Next decade expect a lot less volatility for $BTC
macrodesiac DOT com
If $SUSHI got above here its good, it did not.
$ZCX im staking hodling, underwater
$ADA might have been a good play, if it still is range-bound. if runs up, thats a trigger
FINAL
Follow @davidbelle_
Follow @PrimeXBT
I'll catch you guys next week
Thanks you sir 🤝
@trader1sz

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