derBaecker94

Rejection and re-entry into the range for now. This is why it makes sense to be a little cautious at range highs when you have a lack of impulsive PA that got us there. $BTC

Total stablecoin market cap just added $3.073B in the past week. This puts it at a new all-time high and represents the most significant expansion since October.

And there you have it. Before and after images below showing exactly what we were looking for playing out. You can see that the CRV/BTC pairing is just shy of the backtest of it's range but this small move alone has correlated with a move nearly back to range highs on the CRV/USD pairing- just as explained (in the gray text bubbles). For now- we want to see if the CRV/BTC pairing is ready to reclaim it's local range- that should coincide with a breakout on CRV/USD and begin a move to .30+. $CRV

CRV failed to hold our green zone and has now nearly arrived back at our range lows. We need to hold here- ideally just deviating below these lows before a reversal- similar to what we did at the range highs. I know it is discouraging seeing this CRV weakness against BTC (which has held it's own higher low during this same time) but let's recall where we are actually at on both the HTF and LTF on the CRV/BTC chart (lower half of the chart below): On HTF, we are still sitting in weekly demand- and as long as this is the case, we remain bullishly biased from current levels on CRV outperformance against BTC. Yes, over the last few days, we have underperformed against BTC- but this is still just a low timeframe (LTF) move when we look at the chart below. You can see our recent bleed from the range highs to the range lows on CRV/USD (purple zone on upper chart) coincides with the LTF purple move down on the CRV/BTC chart (lower chart). We can see that we had some LTF outperformance on the CRV/BTC chart before this (orange period on lower chart) and that coincided with a move to our range highs on the CRV/USD chart (orange zone on upper chart). This is all to say- that the movements we are seeing on CRV/USD in the LTF range we are focused on (upper chart) are all considered LTF moves on the CRV/BTC chart (lower chart) which remains sitting on HTF support/demand. Our assumption is that this HTF zone on the CRV/BTC chart holds- which would imply that CRV/BTC is just forming a small deviation right now in our HTF demand zone before a reclaim and reversal- which would kick off another outperformance move up against BTC (like the orange zone earlier) and a reversal and breakout on the LTF CRV/USD range that we are now trading at the lows of (like the teal/blue zone pictured). Keep in mind, the two charts below are clearly on different timescales (which is why the orange/purple/teal zones on the CRV/USD chart are so large compared to the ones on the CRV/BTC chart)- even a small move up on the CRV/BTC chart back to the underside of the larger range pictured would translate to a move back to our local range highs on the USD pairing (demonstrated by the gray % move markers). As always- all this information is only pertinent/relevant to those who are actively trying to learn about considerations that are only relevant for more active traders- those DCA'ing here based on HTF ideas should not get caught up in what is essentially LTF noise.