btcfeen on Nostr: Usa and global liquidity… dxy still putting pressure on liquidity. Usa had a sharp ...
Usa and global liquidity… dxy still putting pressure on liquidity. Usa had a sharp move down last week and then back up. I think the fed is going to have to make some decisions soon or there will be some turmoil in treasury market. Probably a good thing trump getting back in office soon. https://www.tradingview.com/x/SMJ2N6oc/ fed holdings is the lowest since July of 2020
DXY… showing signs of exhaustion. Bear trend would likely be confirmed below the red block. Risk assets have actually held up pretty well despite the dollar sucking liquidty out. This is a good sign of things to come if/when the dollar is actually devalued. https://www.tradingview.com/x/72Znev76/
Us10y… still looks pretty strong. https://www.tradingview.com/x/CnImiMPH/
Tlt… currently breaking support https://www.tradingview.com/x/LwUSSlYn/
Spx… still above support. At the last resistance til new aths here. above the 161 fib ext. it looks like this has fully digested the feds hawkish jawboning and is ready to march on. https://www.tradingview.com/x/pRjS0FEj/
Gold.. large consolidation pattern. This is probably waiting on yields and dxy to top before it moves up any more https://www.tradingview.com/x/tbc51OvY/
BTC… nice week for btc. Not surprised after taking the liquidty below 92k and bouncing. There was liquidity above 99k that I figured would get taken next. Now comes the fun part. Btc is approaching the 161 fib extension again. Break that and 150k should be next. That is the extension that gold already hit, and as we know btc generally follows gold on a lag https://www.tradingview.com/x/hrubfFl1/
Btc was able to reclaim its 50 dma after losing it. Then it held it over the consolidation over the weekend. This week is the first full time trading week after the holiday and I think the big boys will be bidding btc. https://www.tradingview.com/x/FesqH3pw/
Btc at the top daily bband after the consolidation. https://www.tradingview.com/x/FlKi3h3Q/ squeezing right now. We have had a fakeout up and down now on thbe bband squeeze. Maybe we get the real move now. Watch for a close over the top band for confirmation. https://www.tradingview.com/x/FlKi3h3Q/ we also have a 2d squeeze. https://www.tradingview.com/x/yfPEhIuW/ and a 3d. https://www.tradingview.com/x/t73oBTBs/ expecting all of these to break up
Daily stochrsi in overbought and macd just crossed green. Momentum looks good here https://www.tradingview.com/x/vV5EjFXV/
3d looks good for momentum as well. Tbh still looks similar to last jan. https://www.tradingview.com/x/gUzkJwAV/
Derivatives still look good. Spot premium and funding neutral. I think we likely see oi breakout of the range at some point. About mid range atm
Ethusd… this shit looks ready to explode tbh. 3 touches on the 4k horizontal and diagonal resistance. I don’t think it holds a 4th. Don’t trust the 4th touch… https://www.tradingview.com/x/M1z6p6Ef/
Ethbtc still consolidating. Watching the red line and .04 for a possible breakout https://www.tradingview.com/x/ejYnGd4e/
Btc.d alt bulls want the channel to hold as resistance here https://www.tradingview.com/x/lRxCJfBZ/
Total held the retest. Good sign. Looks like it wants 5 tril next https://www.tradingview.com/x/DayJpc7g/
Total2 held the yellow retest https://www.tradingview.com/x/MZ8p9YOY/
Total3 https://www.tradingview.com/x/AEaWR7mv/
Overall thoughts. btc now back over 100k and momentum looks good. Imo 99k should hold here now. If it doesn’t there is a risk we tap liquidity under 91 again but its not my base case. Anecdotally a friend who bought 90k and sold 102k was waiting for 87k to buy back. I don’t think he gets that chance and will likely have to chase higher. 1 through 3d tfs are squeezing. Watching for breakouts on those timeframes. Eth looks ready to send once 4k is broken. Sentiment still bad there overall.
DXY… showing signs of exhaustion. Bear trend would likely be confirmed below the red block. Risk assets have actually held up pretty well despite the dollar sucking liquidty out. This is a good sign of things to come if/when the dollar is actually devalued. https://www.tradingview.com/x/72Znev76/
Us10y… still looks pretty strong. https://www.tradingview.com/x/CnImiMPH/
Tlt… currently breaking support https://www.tradingview.com/x/LwUSSlYn/
Spx… still above support. At the last resistance til new aths here. above the 161 fib ext. it looks like this has fully digested the feds hawkish jawboning and is ready to march on. https://www.tradingview.com/x/pRjS0FEj/
Gold.. large consolidation pattern. This is probably waiting on yields and dxy to top before it moves up any more https://www.tradingview.com/x/tbc51OvY/
BTC… nice week for btc. Not surprised after taking the liquidty below 92k and bouncing. There was liquidity above 99k that I figured would get taken next. Now comes the fun part. Btc is approaching the 161 fib extension again. Break that and 150k should be next. That is the extension that gold already hit, and as we know btc generally follows gold on a lag https://www.tradingview.com/x/hrubfFl1/
Btc was able to reclaim its 50 dma after losing it. Then it held it over the consolidation over the weekend. This week is the first full time trading week after the holiday and I think the big boys will be bidding btc. https://www.tradingview.com/x/FesqH3pw/
Btc at the top daily bband after the consolidation. https://www.tradingview.com/x/FlKi3h3Q/ squeezing right now. We have had a fakeout up and down now on thbe bband squeeze. Maybe we get the real move now. Watch for a close over the top band for confirmation. https://www.tradingview.com/x/FlKi3h3Q/ we also have a 2d squeeze. https://www.tradingview.com/x/yfPEhIuW/ and a 3d. https://www.tradingview.com/x/t73oBTBs/ expecting all of these to break up
Daily stochrsi in overbought and macd just crossed green. Momentum looks good here https://www.tradingview.com/x/vV5EjFXV/
3d looks good for momentum as well. Tbh still looks similar to last jan. https://www.tradingview.com/x/gUzkJwAV/
Derivatives still look good. Spot premium and funding neutral. I think we likely see oi breakout of the range at some point. About mid range atm
Ethusd… this shit looks ready to explode tbh. 3 touches on the 4k horizontal and diagonal resistance. I don’t think it holds a 4th. Don’t trust the 4th touch… https://www.tradingview.com/x/M1z6p6Ef/
Ethbtc still consolidating. Watching the red line and .04 for a possible breakout https://www.tradingview.com/x/ejYnGd4e/
Btc.d alt bulls want the channel to hold as resistance here https://www.tradingview.com/x/lRxCJfBZ/
Total held the retest. Good sign. Looks like it wants 5 tril next https://www.tradingview.com/x/DayJpc7g/
Total2 held the yellow retest https://www.tradingview.com/x/MZ8p9YOY/
Total3 https://www.tradingview.com/x/AEaWR7mv/
Overall thoughts. btc now back over 100k and momentum looks good. Imo 99k should hold here now. If it doesn’t there is a risk we tap liquidity under 91 again but its not my base case. Anecdotally a friend who bought 90k and sold 102k was waiting for 87k to buy back. I don’t think he gets that chance and will likely have to chase higher. 1 through 3d tfs are squeezing. Watching for breakouts on those timeframes. Eth looks ready to send once 4k is broken. Sentiment still bad there overall.