Sorry but this isn’t bullish people. Big bearish divergence on the daily. Momentum topped. Curious how many longs the market makers want to punish.

Negative fundingrates on the daily…. Last time we got a negative fundingrate on Binance was in June this year.

The market is trigger happy again. Tomorrow we will also trade in extreme greed again. Why are there still so many people that want to chase green candles? The market is heavy on the long side at the moment. So I am curious how high the market makers want to push. The contrast in the real wold ( wars, energy crisis, inflation ) is not reflecting in risk assets at the moment. Stocks at ATH’s, big moves on crypto. Something just don’t add up. Soon we will find out!

At the R2 at the moment on the monthly fib pivots. Weekly pivots are just ‘nonsense’ at the moment. First day of the week, already at the R3. The only thing I don’t like about this PA, that in most cases the P will be hit….. but nothing is 100% in this market so lets see how this week will play out.

Always funny to see some weird 15 min candles ;). 10 at the moment.

New week new pivots. R1 already tapped with a wick. Keep an eye out for the P at $79.4K most of the time this will be hit.

Seems balanced don’t you think ;).

There we go again. And now the market is super long heavy…. Market makers are having some fun. We flip flop around with 5% candles a day….. GL trading this :).

Just a fun ‘conversation’ I had with chatgpt. I asked about the average return on bitcoin:native after a hike. This is the result. On average we will trade lower in the coming weeks.

People getting loud again about how strong crypto is after the hike. At this point I do see a lot of shorts closing. That is not a bullish sign if OI drops on the rise too.

What could go wrong ;).

And we got a hike…. So funny to see a lot of people argue that we won’t get it because of the midterms.

Guess Saylor has to buy some more $STRC this week since the chart doesn’t look strong at the moment.

I see a lot of people posting that we won’t get a hike because of the midterms…. We will get a hike since the chance of a hike is 92.7% at the moment. What matters is the tone of Warsh. If we get a dovish hike we can rally. But if we get a hawkish hike we will go lower. I am still riding my short, but maybe I will place a small hedge long just in case to catch some wicks.

Yesterday we bounced of the S2. At the moment because of wick into the S1 it is acting as resistance. Lets see what PA we get today with the FOMC.

And I still see people on X telling the world that there won’t be a hike because of the midterms. I don’t like to bet against something when I only have a 5.5% chance on winning.

How can people still be bullish when a chart looks like this on the daily?

Would be fun if we bounced into the Clarity Act only to then dump again. That would be Max pain for most people.