r90000

r90000

A simplified version of my eth idea. Consolidation, sell cluster, expansion.

r90000 Updated 

I like the way he draws those boxes to show a liquidity hunt. Sell TWAP seems to be over, coinbase back to TWAPing in.

r90000

This may be the final low before new highs. You can see a higher low being formed, with price holding previous support.

r90000

This is a good of an entry as anyone could wish for. I have been bullish at the lows, and bullish at the highs, although I would roundtrip my position each time. However I sense a slight change in the market. Instead of a new lower low, I believe 56k holds. There is a hidden bullish divergence, where RSI made a lower low due to quickness of price collapse, yet...

r90000

I long the bottom and roundtrip each time. But if my thesis is right, I will win eventually. Roundtripping is part of the game. I still own my 16k Bitcoin. Pattern recognition is bullish.

r90000

BTC looks bullish. Short term holder cost basis is around 65-64k, which should act as support. The halving sell off has occurred. I am bullish. This is also a Hyperliquid bullpost. Get as much exposure as you can. That is all.

r90000

I believe 54k should not be retested, and that we will start to consolidate below 70k. Fundamentally, I am bullish. The FTX stimulus package and the possibility of a Republican win are tailwinds that drive us higher. Bitcoin is growing in mindshare each day, and there is infinite USD available to purchase it. Pattern recognition is neutral, but leaning bullish...

r90000

Fundamentally, I was bullish, but wanted price action to confirm my idea. Price action has remained bullish for multiple weeks. I am now short term and long term bullish. I believe this is likely the bottom before new highs, and am positioned accordingly.

r90000

I am now neutral to bullish. (I am not sure this is the bottom yet, however r/r for longs increases as price declines further.) I made a mistake being bullish at the previous top. My pattern recognition was bearish, but I hoped we would form a bottom which never materialized. However, at this moment, the bearish news has been released, and price has declined...

r90000

The market is weak. Mt.Gox repayments will be in BTC, and this will start next month. The German government has also been sending BTC to exchanges and FlowTraders, likely to be sold OTC. I would wait until the market looks stronger / is able to reclaim 63k, before longing. I see possible downside of 10-20%.

r90000 Updated 

If Bitcoin broke this range, I decided I would temporarily sell spot and reevaluate. However, today's reaction leads me to believe that the worst is over. The Mt.Gox news was released, leading to mass panic selling that has fully retraced. If the market has priced in a portion of the selling, the remaining selling will have less market impact, thus longing has...

r90000

ETH had a strong correction down, where prices have almost reached where they were before the ETF announcement. I believe the risk to reward for an ETH long is favorable.

r90000

I wanted to post a more precise idea. My previous ideas were bullish Bitcoin but I wasn't sure where price would bottom. So I drew a large rectangle to show where I would start scaling in. Now I believe we are close to the absolute bottom before new highs. I would look for price to hold for a few days first, while also being able to make new highs on a smaller...

r90000

My gut instinct is to long here (just from the pure chart itself). There is nothing fundamental about this idea, aside from the fact that GME has a market cap of 10 billion, which is low enough to be pumped. The overall liquidity cycle reverted and is rising. In this stage of the cycle, memecoins and stocks rising just from belief / attention alone is very...

r90000

Bitcoin should hold here before heading to new highs. I'm not confident yet and will monitor closely. However I am leaning towards a bottom here. A quick summary of what I see. Large TWAP spot buyers frontrunning a potential perp breakdown to 65k. Large liquidity cluster, making it unprofitable to attempt a flush to 65k. Unclear if remaining aggressive OI is...

r90000

I believe ETH is close to bottoming. There are a lot of buyers in this range, and I believe BTC spot selling will subside / revert. ETH should hold. When sellers are done, price will naturally revert.

r90000

I am still bullish on Bitcoin at this range. Coinbase is selling hard here, but there is strong support in this region. I believe there will be a transfer of coins from the active sellers to the passive buyers. Once they are done selling, I believe price will remain above 63k, and there will be a final break of resistance into a true breakout. However, if price...

r90000

I believe the spot ETFs are bullish for ETH long term. However, there is approximately 3 million ETH owned by Grayscale, which may be unwinded as the spot ETFs go live. I plotted the Grayscale ETH balances similar to how I plotted the spot BTC ETF balances. I forecasted that the spot BTC balances would stabilize around 300k, which I got by removing all active...