Looking at a inverse Head And Shoulders forming looking to short DAI
I'd like too see fear in Markets & the goose egg gap up from march break down & for us too attack the 20k USDC gap lower by 2nd week of June This would keep the yearly uptrend and match up timing wise with raising the debt ceiling or a commite hearing on central Banks buying our debt 27.4k area too watch Flow is still bearish Imagine this debt stuff spins...
A higher short entry would be more comfortable on a exit pump rally Wouldn't bet on it 4hr is bearish control below POC I hope these parameters and post find you well and searching for opportunity in this ever changing and moving Market
You can See in the tape The story. Bearish Bias and levels too watch Meme coins were a Nice Market Forth top signal in a Harsh trading environment after a run up Trend is Bullish start of year Range expansion is nice But CME gap lower and inifinacys Most likely get cleaned up before new highs Debt ceiling theater setting up a fear and black swan...
This is just an outline of Parameters Lower timeframe Bulls have lost control Bet on range breaking down See post two for control flip Intra day leaning short Obviously Bullish long term but with political theater and short ban in question in US markets we are in for some fear
i think, the inificancys in this will play out if we stay below 29k I would like this to break down But will use this to Gage Market PA
Either charging for another rip up ahead of FOMC or we are stalling out here Just something to take note of
Just pointing out the GAP lower This rally was a BTC Spot rally and ETH never went to 2k Just thinking out Loud and showing a GAP that has been printed in the Data
We have two gaps too the downside One too the upside +7k too 35k downside too 20100 +$7,900 Gap has been filled here at 27k Finally attacked Close above 29k Like, I said in other post Probably off too the races and attack 35k next Just updating my CME chart
Spot rally from USDC depeg We are at a interesting spot Weekly close above 29k Probably off to the races unless its a fake out This could be a Local Top if spot unwinds and starts taking profits back into stables Stable liquidity has never left the Market on my on chain analysis its just moved periodically into coins on uptrends POC on this move is 24k...
Just a Meme I made Sure he is a nice guy but While others were making fun of Me for being a zchizo this morning I am safe and others are scared 3.3B hole in circle rn not looking good
Imagine this bounces Industry is under a lot of heat innocent players getting the brunt of it 4hr is bearish Imagine this bounces at some point Just gotta stay alive its not okay to not try ideas lessons learned cut losses early and often but this gap is filled let the structure and flow play out
Fade low is holding Weak RSI oversell reversal on the 1hr This is my parameters I hope you can see something and applies it Cheers
Just areas of intrest Maybe alts hurt or best case go sideways Majors feel Decent Strength whys Will reevaluate if Momentum stays going to the downside Volume indicator is flipping Not the Strongest tool ive learned nothing to bet big on over it is right alot Something, I keep in mind Waiting for stabilization overall
Just where I see ETH short term Structure moving forward PTSD from beara might miss out on some longs
Just a set up Take what you can from it feels like it out of steam poor news and ETH conference
Momentum seems to have stopped punting a Long here doesn't feel like a awful idea
I Know where this sell off is heading The gap will be filled and the bears that flipped bullish at consolidation resistance will be liquidated and stop hunted