Blockchain Brah ᴮᴮ retweeted
Market downturns are where I’ve always thrived and to consistently capitalise on them, particularly against bullish consensus, you have to be a ruthless mf tbh, disciplined and indifferent to popular opinion...
When I'm positioned for a market rollover, I couldn't care less who's on the other side or how desperately they need higher prices... their conviction isn't my responsibility, just as my losses aren't theirs when I'm wrong.
I have no attachment towards being bullish or bearish, no attachment to a narrative and no interest in seeking approval - the core tenants that matter for me are towards opportunity, asymmetry and capital preservation...
Delta neutrality is a position...
Not trading is a decision...
Cash is a position ... never underestimate the optionality of having cash
Trade the market in front of you, not the one you desperately want to see... or hanging your hopes on the views of others...
On my count
It’s week number 9
Alts that were losing momentum and distributing are exhibiting signs of breaking down
Laggards - final few still running - musical chairs….
I’ve been quite vocal about my view on alt cycles…. More so the last few weeks from weeks 6-8…
To be convinced it’s any different this time around….
You’ll get the odd anomaly or two…
bitcoin:native
Attempting one long here at the pQuarter vwap
If it fails to hold as support 64K is on the cards, so worth the risk here for me
dYear vwap is the first test if we bounce here
Around 76K is a region I would be interested in for shorts again (daily 12/25 EMAs)
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solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk
Honestly kind of annoyed at how strong this has been as I really want the 90M entry: 365D RVWAP confluent with dYear VWAP
Adding a little bit more here given that 71K is potential HTF support on BTC, but holding back in case we get the 90M genny entry
solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk
Scaling into spot buys
> 60% retrace of the Aug–Sep leg into pQuarter VWAP + dYear VAH (0.158–0.162), now finding support
First retest of the weekly 12/25 EMAs after they flipped bullish
When BTC bottoms I think this will be the fastest horse again
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$BTC
Swept the range low ✅
Traded into 73Ks ✅
Narrowly front ran the dYear VWAP by a couple hundred dollars, for now
Bought some pepe here on x1 lev, as long as btc holds 73k as support I will look to add to swing long positions
bitcoin:native
Sweep of the range low, potentially tagging 73K, followed by a weekly close back above the 365D RVWAP would be the ideal swing long scenario
LTF, failing to hold back above the previous week VAL yesterday was a bearish development, expecting some more downside here
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bitcoin:native
Sweep of the range low, potentially tagging 73K, followed by a weekly close back above the 365D RVWAP would be the ideal swing long scenario
LTF, failing to hold back above the previous week VAL yesterday was a bearish development, expecting some more downside here
Blockchain Brah ᴮᴮ retweeted
Bitcoin is showing interesting signs of a regime change.
Long-term price trends have turned positive, while several on-chain measures of investor profitability are starting to recover from months of weakness.
Is the bear market over?
alphabetasoup.substack.com/p…
$BTC - I'm not a predictions guy, but any potential corrections into the weekly trend / yvwap / bottom anchored vwap are gifts for the bulls
I think 87k is pretty solid resistance, so imo the longer we spent under it the higher our targets become when we eventually break through
In the span of like 6 hours we had the hyperliquid / Stan druckenmiller / ICE news
Followed by the multi-billion dollar Binance hack news
A normal morning in the cryptocurrency market
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$PEPE also looks incredible for some reason
Will probably buy some spot here too
solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk
Scaling into spot buys
> 60% retrace of the Aug–Sep leg into pQuarter VWAP + dYear VAH (0.158–0.162), now finding support
First retest of the weekly 12/25 EMAs after they flipped bullish
When BTC bottoms I think this will be the fastest horse again
316
solana:Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk
Scaling into spot buys
> 60% retrace of the Aug–Sep leg into pQuarter VWAP + dYear VAH (0.158–0.162), now finding support
First retest of the weekly 12/25 EMAs after they flipped bullish
When BTC bottoms I think this will be the fastest horse again
Blockchain Brah ᴮᴮ retweeted
Sometimes I get scared having my entire net worth in volatile speculative assets but then I remember if I lose it all, I just have to work a 9 to 5 like 98% of the planet anyway.
The upside is Valhalla, the downside is the life I would have had anyway. Fuck it, we ball.
bitcoin:native
77.5K-80K is where I am interested in potential swing longs
- pQuarter VAH @ 80K
- 365D RVWAP @ 78.5K (Confluent with weekly trend)
- pMonth VAL + Q2 VAH @ 77.5K
Flush below the 365D RVWAP -> strong reaction = good
HTF acceptance below 365D RVWAP = giga cooked
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bitcoin:native
84K is the bearish line in the sand imo: pMonth VAH + Q1 VAH + 7D RVWAP + pWeek VWAP
R/R for shorts is good here imo
On the other hand, if we get genuine acceptance above I think we send it to new local highs
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