Chris on Crypto Open Channel
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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...
Chris on Crypto Open Channel
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/
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.
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Binance funding flipped negatory. I am at my limit (exhaustion not frustration). I need to learn how to take long breaks if I'm going to survive in this business for a few more years (with hair).