bitsofwealth

$BTC Update

This is one of those times where it pays to be patient and wait for the market to stablize and the entry to present itself. We know there is a major hotspot of liquidity in the 74-75k range (you can see it on coinglass or MMT) and so waiting for that liquidity to be taken and for the market to react is going to be key. We don't really want to be trying to catch this knife to nail the bottom. We want to wait for all the damage to be done and for large buyers to step in so that we can join after them.

If you look at the 2nd and 3rd images attached, you will see that we are simply not seeing any real buying volume come in here on this dump just yet. If we compare it to the last big dump to 60k, you can clearly see the big buy volume come in after the dump had finished. Thats the same thing we are looking for here at this level.

Let's keep watching for it and remain patient.

$NIO Long Continuation

NIO is one of the tradfi plays that we have been discussing on the WOLF trader talk spaces pretty consistently. It recently pulled back and moved below previous month low and has now moved back above that. Notice it also filled the daily gap.

Let's see if we can get the full move up!