TonyTheBullSeverino
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Chartered Market Technician. Cycles, crowds, psychology. I don’t predict — I observe structure. Less noise. More signal.
UPDATE: sorry the formatting breaks sometimes. I am going to talk to Slice today about it. I don't like the look it is sloppy.
ADDED: Monthly candle only has less than a week to close. monthly candle is a monster and I think it retraces a lot more, so pullback makes sense, even if we are to still eventually crank higher and I am wrong about closing longs.
I really just don't like a few things I am seeing in the chart.
The IBIT chart is really haunting to me. It is a technical NIGHTMARE
Then I saw the CME BTC Futures chart with Bitcoin hitting that trend line
Then there is similar ETH chart
The sentiment is disgusting out there. Everyone is already so certain the bottom is in
Macro is looking kind of spooked
This is why even though you may have a plan, you have to be ready to pivot.
Other subtle signs to me include, where was the big altcoin explosion? yeah XRP and a few popped 20%
This type of bottom energy should have sent alts rocketing. In January 2