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14.5K posts

@CacheTrading
Seasoned Market Veteran | Crypto TA, Charts & Alpha | Official Content: https://t.co/5C7nz3IYIe



















$BTC On the Edge of Disaster... Again. Should we be worried, or FOMO in? While a majority of CT/YT longed the top because of one good week. Logical traders like us are making money. So congrats to our community on our short from ~74k! Now, let's talk about what's next... Today is FOMC, so I recommend waiting until AFTER to trade. But my goal is to short the next pump, as True Retail Longs continue to pile in. This, in addition to Open interest dropping (MM's are selling), leads me to believe we go lower. We also have a 7D mega liquidation deathball at 67k. Now that 3D liquidation is fully swept, a deadcat bounce to 72-73k makes the most sense if FOMC today is positive. If this happens, I will add to my short. Late longs, watch out! On top of the convincing data already shared, we're seeing LTF divergences, specifically the 4H RSI loss of 50 and MACD / Stochastic suggesting continued momentum. The odds of further downside is stacked ever in our favor. That is, if you're not an emotional idiot.









