Bitcoin coiling in this range, can probably look to fill 62,xxx and feel pretty good about it x.com/ThinkingUSD/status/20868…
· 46K Views
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Bitcoin coiling in this range, can probably look to fill 62,xxx and feel pretty good about it x.com/ThinkingUSD/status/20868…
· 46K Views
@ThinkingUSD The compression is getting tight and breakout should be volatile
@ThinkingUSD range has been grinding for days, 62k fill would shake out so many longs before any real move
@ThinkingUSD range has been chewing people up both sides, calling fills is tough when vol is this compressed
@ThinkingUSD range looks fine til that green line comes down to slap it, every bounce keeps stopping right under the same level
@ThinkingUSD indeed, this looks like a GREAT coil x.com/AssetsNorris/status/2086…
@ThinkingUSD 62k fills usually hold for like 3 weeks then dump, you're basically just buying time at that point
@ThinkingUSD 62k is the 200d MA, smart anchor. but if we're coiling that tight the move usually doesn't stop there. watched this exact pattern in march, filled the level then ripped another 8-10k same week. range breakouts from consolidation don't tend to be timid.
@ThinkingUSD WHY THE XXX? JUST SAY WHERE YOU BUYING SAME SHIT ALREADY GAVE IT AWAY PRETTY MUCH
@ThinkingUSD Fill 62k would be a nice little shakeout before the next leg. Been watching this range tighten too, feels like a spring
@ThinkingUSD 7-8 figs worth of BTC longs will get liquidated if BTC dumps to $62k area at this point
@ThinkingUSD 62.2-62.5k seems to be the support where its been bouncing..couple of breakouts and 3 touchdowns..
@ThinkingUSD I was in Tokyo during the Nikkei flash crash and learned the opposite, even stable markets can unwind violently before finding support, a lesson still relevant today for BTC.
@ThinkingUSD 62 would be a clean fill. Range has been quiet enough lately that a 3 percent move is starting to feel like an event.