Monitoring the Crypto Bubble

[mmm....shiney!]

BTC Etf net inflows still +ve:

 

[IPDA]

BTC Etf net inflows still +ve:

View attachment 94033

Interesting how net inflows did not match the higher highs when Btc was hovering around where I was anticipating a reversal. Looks as though any remaining inflows were used to generate exit liquidity.

 

[mmm....shiney!]

Looks as though any remaining inflows were used to generate exit liquidity.

Could be, failing any means of confirmation now only time will tell.

 

[mmm....shiney!]

Maybe onchain data could provide some insight?

 

[IPDA]

Would like to see BTC continue to fall from here. If XAUBTC respects this succession block on an hourly basis, I would imagine a larger BTC crash is coming!

Not bad timing wise!

 

[IPDA]

Might want to see Bitcoin retrace from here. Potential 2%+ upside. Still bearish, but I also do counter-trend moves too - I'm greedy!

XAUBTC popped up much higher, but left a pretty big inefficiency that I believe should at least be traded 50% into.

 

[IPDA]

Sell sell sell.

counter-trend move may have ended unfortunately for crypto bros.

 

[mmm....shiney!]

The markets (crypto, shares, gold) are green now. WTF is going on?

 

[mmm....shiney!]

It's okay, I've worked it out.

It's now April Fool's Day in the US.

 

[mmm....shiney!]

 

[mmm....shiney!]

I'm thinking short term rally as the DXY falls, then new announcements ahead regarding tariffs, maybe defence budgets by allies which could release some steam from the market. Medium term a rebound in and acceleration in price with talk around a Mar-a-Lago accord and Fed monetary decisions. That will probably kick start the final leg up, but probably not before the last couple of weeks of May going on the time frame of the last rally. If that all pans out then we could see a dip and buying opportunity between now and the final leg. I'm obviously missing a whole heap of other important information.

Same for gold, a correction is due.

 

[mybullion.com.au]

Bitcoin has been impressingly resilient in the face of this downturn, all eyes now on 100k. And yes gold was due for a correction and boy did we get one over the past couple of nights (7% intradays swings from peak), however its bouncing back just a hard now.

 

[IPDA]

I'm anticipating where we are right now will be the local top. Moving away from here we will see price draw down into 60k.

I play both sides, I was long until 91k, and now I believe it's time for BTC to roll back over.

Good luck with your trades everyone! It's a super dicey game right now, but I'm LOVIN it.

 

[mmm....shiney!]

Bitcoin has been impressingly resilient in the face of this downturn, all eyes now on 100k. And yes gold was due for a correction and boy did we get one over the past couple of nights (7% intradays swings from peak), however its bouncing back just a hard now.

Good old geopolitical turmoil.

Julien Brigden was thinking a dip down to $2600 is possible.

 

[mmm....shiney!]

BTC ETFs showing net inflows:

 

[mmm....shiney!]

I'm anticipating where we are right now will be the local top.

What's your upper price range and time frame eg closes the week below $96K.

 

[IPDA]

What's your upper price range and time frame eg closes the week below $96K.

Waiting for confirmation on XAUBTC. If where it is right now holds what I call a "succession block" then I would think that Bitcoin is to roll over.

So in terms of price range for shorts, I think 94-96k is the area in which I would want to see some bearish order flow continue.

 

[mmm....shiney!]

Waiting for confirmation on XAUBTC.

Why use that and not BTCUSD?

 

[IPDA]

Why use that and not BTCUSD?

I've found incredible success using XAUBTC instead.

Bitcoin is the anti-gold, the correlation is very important.

 

[mmm....shiney!]

BTC ETF flows: