Diagonal lines are pretty much a meme. Key resistance is still 41K. Close above that and we can start eyeing confluence of yearly open and STH realized price around 47K. One step at a time.

I doubt there's spot inventory left to sell at $40k. What was going to be sold has been sold already in a 2 month downtrend capped off by a macro panic.

Also doubt buyers in the $30k area bought in order to sell here.

Similar in many ways to the $6k level in 2019.

Great..

I dont know why but am having trouble with taking. screenshot from binance on my pc. I wanted to share some charts 😠

I see violent moves incoming!

the mrg Interesting metric showing us we have just turned positive again similarly to last 2 reversals.

coincides with my view for eth, i think the top for thi cycle isnt in yet. 2017 bullcycle top was 5$/byte

BTC Options: Max-pain 40k (25feb22). A good sign is that it increases with time.
-Higher OI by expiration of the month 25Feb22.
-Important support level 35k and resistance 45k/50k for the month.

I believe we will keep seeing short liquidation cascades

The Fed and the market are in a dance, but who's leading? The market expects (and is pricing in) 1.4 rate hikes next month, 3.2 hikes by June, 4.4 hikes by September, and 5.4 hikes by December. Makes you wonder: Has the market fully (or mostly) priced in the rate cycle?

"Lack of volume is not necessarily a bad thing because a trend that is already moving does not need additional volume to continue in that direction. In addition almost every single consolidation pattern starts out w/ high volume, and then trails off until the pattern completes."