


SerenityEquity
Premium- reaccumulation - high volume spike - liquidations - large bid on orderbook
- volume profile shows huge resistance in 11730 area. (PA rejection) - positive funding on bitmex. (a little upwards move would cause more fomo and huge funding. -> not worth it for market makers)
a break through the low range would lead to a drop. pattern looks like a distribution phase. be safe
WIll bitcoin drop to 0 ? Government crackdown?
- S/R Flipped - Lower range sweep - Huge buying interest (volume) - target range high
1. testing ath 2. rsi divergence (dump) 3. volume + acceleration declining 4. bitcoin will drop most likely aswell, since those two pairs are correlated (Btc couldnt pass ath today)
we just had a gain about 92%. many bottom shorters got liquidated. now its time to liquidate fomo longers.
based on current fibonacci extension levels we might see a drop to 2000-1800 levels. compared to the 2008 recession this could be the best chance to step into the market.
Bitcoin hits resistance on daily chart. Good R/R here.
will spx move like recession 2008? seems reasonable.