Chartered Market Technician. Cycles, crowds, psychology. I don’t predict — I observe structure. Less noise. More signal.
Joined on 15th November 2024
Boston, MA
This video goes into more detail on the head fake setup on Bitcoin. This is normal video and not Meta glasses. There's no textbook, but I am able to show a bit more on the chart and other indicators and things of that nature.
Even if you watched the Meta glasses video, this is worth watching too.
Bitcoin BTC CME Futures seems like is is preparing to make an enormously strong move, and I'm thinking to the upside based on price holding above the basis as the Bollinger Bands tighten to extremes.
The RSI is also trying to push above 50, which can act as a buy trigger when it comes on high volume.
A move above 50 and above the upper BB should lead to up to a 14% move higher based on the height of the inverse head and shoulders we have
I know I am sharing the same charts, but I want to be clear about how I am handling this and why I'm positioning the way that I am
If we get this move, it could make it look like a bump and run bottom is in, which people love to point to in Bitcoin all the time. Watch, I bet it becomes a narrative.
That's how I think we get so enthusiastic about alts and make it all the way to the high 80s
Possible failure means new lows and it would be a bummer to miss that short
