Right, lets update this scenario I was talkin about last week Thesis Weve once again rejected at range highs during FOMC, dropping to range lows, while making a very short pitstop at the 4H 200EMA Level 1: 4H 200EMA ✅ Level 2: Range lows ✅ Level 3: 104K area ⏳ Weve now tapped into support, which should at least pause the market. Ive been VERY selective in what Im buying on this drop. Its possible that "this was it", but either way markets need time to digest such moves Keeping ammo in case we do get the wick below support. Alts have performed far more erratic than I wouldve wanted to see. Assuming the $ASTER & BSC hype over the weekend sucked up enough liquidity to make demand thinner than before the weekend If we truly are in a bull still, this is the perfect PA before things start popping off. Hard liq cascades to flush shorts & longs before forcing them sidelined Invalidation Lets talk about invalidation. IF we drop below support here (sub 110K $BTC) and do not reclaim that...
I really dont wanna be that guy, but...yeah
Perhaps wise for u guys to be reminded of this possibility playing out on $BTC
Take it step by step:
Level 1: 4H 200EMA, if holds âś…
Level 2: Range lows, if holds âś…
Level 3: 104k region, please hold đź‘€
Reckon the bears will get exponentially loud the lower we go. Use that as a signal to DCA before we head back up
16.85K
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