
Sherlock | DeFi Researcher
11.7K posts

Sherlock | DeFi Researcher
@Sherlockwhale
| Founder @Foxianorg | Blockchain & Web3 Researcher | | Physics Graduate | Time-Series Data Analyst |




bitcoin:native In the previous weekly ranges, BTC and USDT.D moved almost perfectly inverse. BTC swept the range high and failed to hold. USDT.D swept the range low and failed to break down. This time BTC had already swept its range high, but USDT.D had not taken the range low yet, so one confirmation was missing. That is why I didn’t want to force the short early. Now USDT.D has finally swept the weekly range low. If it closes this week back inside the range, that becomes a failed breakdown on dominance. And if that happens while BTC is near $84K-$85K resistance, that is the actual short trigger for me. Not calling for a straight line dump. But structurally, this is where BTC can form the lower high that later creates the lower low.


















bitcoin:native If price only takes these equal highs and rejects, look for the short there after the daily close. If it actually breaks above April’s high at $79,485 before May 5, then don’t short immediately and let the breakout buyers chase it first. Since 2020, whenever price failed to break above April’s high in the first 5 days of May, it resulted in a red month but last year it broke April’s high on May 1, then ran another 16.9% to $111,980 by May 22. So, its important to see if April high gets reclaimed by Tuesday or not. If $79.5K gets reclaimed, the better short is higher, around $84K-$85K. Sweep and reject these highs = Short the sweep. Clean break above April high = Wait for the squeeze into $84K-$85K.







Berkshire is sitting on the largest pile of cash in its history More charts: a16z.news/p/charts-of-th…








