Right, let's update this scenario I was talking about last week Thesis We've 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 ⏳ We've now tapped into support, which should at least pause the market. I've been VERY selective in what I'm buying on this drop. It's 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 would have 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 Let's talk about invalidation. IF we drop below support here (sub 110K $BTC) and do not...
I really don't wanna be that guy, but...yeah
Perhaps wise for you 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
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