Options expired at $90k as anticipated. Bulls gotta kick it into gear for the daily close otherwise the weekend scam pump is our last hope for immediate bullish confirmation.
Getting the drop now. Let's see what happens at $90k after options expire. Bull will need to step up quickly to defend that level as it has been tested several times this week
Getting ready to exit shorts and flip full bull if I see what I want to see over the next few days. Las time QE started (March 15, 2020) $BTC dropped \~10% then rallied 1200%. Today begins of a form of QE with the purchasing of treasury bills. Additionally, today we have an
$BTC short triggered. In with decent size. Will add if we happen to sweep higher but after today's close, I don't think we have any reason to be hanging out up here much longer
$SPX looking very weak. Last correction was end of February. Did not fare well for crypto. Doesn't mean they will continue to correlate if equities correct but odds of a de-coupling in this stage of the cycle are statistically unlikely. Just saying. Be safe.
$BTC New plans. I believe we are currently pricing in the rate cuts and likely see a correction afterwards. Short trigger 1: FOMC pumps initially into channel high and closes back under $94k targeting $87-88k Short trigger 2: close below channel low targeting $83-84k Reminder
"92.5k has to cap the upside otherwise we will likely take liquidity above $94k" We are still at major resistance and could be putting in a lower high but the chances of taking $94-95k are much more likely now I have a partial stop above $94.2k incase they want to take it and