Will reassess on NY open today but if risk is going to dump on Monday & rally on Tuesday we could see something like this. I still find the reversal rally very compelling. Imo August will close higher than 25k. Powell speaks on Friday @4pm. Take out Mon. open and we can see a rally to 22.5k before.

https://www.tradingview.com/x/c4rI8VEv/

If DXY can return below 108 that would buoy risk assets. Running up turbo does not help. VIX back within the broadening wedge on the daily - no close yet. VIX up = risk down.

Now here's another possibility —> SPX retraces while BTC climbs. Why? Because BTC tends to move before tradfi.. so if there's going to be a 'risk' reversal we may see it in btc/usd first. Not sure if this is just cope, but more dumpage does seem like the overcrowded trade by a long shot.

If the next H4 closes around 21.4k that would be some solid hopium for bulls.

https://www.tradingview.com/x/wHhK1Txl/

Will have to offload some BTC around 30k to fund my existence for the next year. Has to be done. Hyperbole, I'm fine but life was definitely better at 50k/btc. Every sat sold is painful, especially when we're so close to the end game.

I also write for a few clients. If you need content (good content) hit me up. Work is not cheap - fairly price considering the circumstances.

Fragmentation of fiat is inevitable. It would better serve us if it happens sooner rather than later. Chaos is good for crypto. It gives the industry much needed time to circumvent regulatory capture. And let's be honest, regulators just want their cut. When the financial order of the world reshuffles, perhaps they'll be on someone else's payroll...

Likes, retweets appreciated 🙏

Maybe.

https://www.tradingview.com/x/fSkE1ZoP/

Not looking good ngl.

DXY trending higher. VIX up.. NQ and ES selling off and BTC sort of holding for now... that's the silver lining.

Okay so this is very interesting. BTC showing strength despite this. Let's see if we can sustain a pump here.

Nice H4 close at 21.4k. If you believe in the melt-up scenario, we're very close.

Funding turned positive on that up move. not ideal. Really want to see price clear 21.5k, otherwise nuke potential is still quite high. Want to see shorts feel the heat..

LTC/BTC continues to show strength at the 200-daily ema. Positive data considering BTC/USD's poor upside performance relative to say, eth or stocks.

https://www.tradingview.com/x/afftN0cY/

Price still hasn't broken down. Origin of the impulse gets taken out soon imo

https://www.tradingview.com/x/tpntOBDE/

Glory will find us on the battlefield.

https://open.spotify.com/track/5E5NiRzaBqpDCxsDiX8cji?si=c9c66aa6973941f2

Album link. Majestic. 😊

https://open.spotify.com/album/5n0srIifa1ySarZhCYihca?si=90NYQJVDRvWO76Ln5R6Z2w

No wick to the downside would not surprise me. Traders expecting to get the perfect break-down fake-out + reclaim but in a period of negative funding with a big downside inefficiency overhang above us, there's no need to breakdown. Just pump.