BEARS ARE FUCKED

$PENGU finally coming into Quarter value
Been a trying few months for alt coins in general but one thing is certain this one has staying power
I like the look on it here and wont be surprised to see it have a monster rally very soon
Pack the bags
We are about to move

Nice set of poor highs at 96 k to aim for
But we also have some thin regions below since ydays violent mark up
I think it is safe to presume market likely pauses for a bit before making another attempt higher
Don't get chopped in between and chose location wisely
89s again would be a solid re-entry point imo
#BTC

Time horizon
Trade frequency
And overall opportunity cost need to be factored into the system
FWIW I de-risked my longs from Monday into this pop not because I am inherently bearish or skeptical
But there is a time factor to be accounted for commitment to tape for me
I got a 6000+ pt move in very quick succession
Now can see orderbook dynamics have flipped again which means likely more grindy style pa till the next move
Ultimately think we see 98s but we just had an exhaustive move from top to bottom and back again so if you haven't taken profits, might behoove u to do so
#BTC

What a beautiful set up here we have
When this catches a bid it will remain obvious in hindsight
$BONK is coiling here
Soon™

Last 18 months of BTC order books tell a clear story.
• White box: pure ambiguity. Bid–ask ratios whipsawed and price chopped in a downward channel until the market priced in a Trump win and broke out.
• Purple box: a neat distribution phase.
• Green box: reaccumulation. Equities’ Liberation Day lows lined up with strong bid-side skew and BTC outperformance.
• Red box: one large distribution zone. On-chain confirms heavy OG selling, which explains this year’s underperformance and the sharp fade from 120k as entities front-ran obvious target of 150k.
But the current structure is different.
We a

You can call it cope or whatever
But let's be objective
If the yearly candle was to close as is would it be characteristic of anything aside from an inside bar within context of a good few years?
Every single downturn has been characterized by larger trending move down
Perhaps this is clear indication of change in tone
More range bound pa, less expansive
Hardly looks like the previous tops/turning points
1 more month to see
But just putting this out there
#BTC

Resting bids at 82 k
A lot were banking on one more dip
Books above are thin by comparison
Higher and it will be a painful grind higher
#BTC

Slow drift of death higher
Liquidity flashing life higher
And yet you will miss the most beautiful example of vertical accumulation in minutes
It is ok you don't bullieve
We are going higher
#BTC

Imagine the Smell
#BTC

So many charts are depressed like this
With large hollow pockets of thin volume above from all the panic and capitulation selling
You have a floor being carved
You have an area of inefficient trade above
Where to next? Seems damn well logical
Higher
Memes will have their time in the sun again
$PENGU

Not sure how much more I can reiterate this
But do you sell multi year support with momentum reset like this?
Personally still holding my bags of $BONK
It has been a tough patch
It is always coldest before spring comes
TY

I don't know about you lads but me and the hommies are getting together this Fine Thursday
You can't stop this train
It is Preordained
Are you ready for Thanks Giving anon?
#BTC

A broken clock this, that
Whatever, ill still stand my ground and try interpret the data as best I can
All I can say is some large incumbents filled their bags like it was a Black Friday Fire Sale for Life
Complete OI reset
Looks incredibly healthy even if we get some range bound volatility
Got to look at this and be objective
It is hardly like we have a pile in of overzealous bulls here
Everyone is washed
Constructively optimistic on the week
$BTC

Monthly look pretty clear cut
You get clear cut longs on a breakout through the D M VAL
Could also act as a trigger for a short down into the poor structure below and potentially new lows for week
Monthly vwap should be a clean magnet should we break that mid 885s level
Happy trading
#BTC

The hat stays on
100 k into thanks giving
A very merry day indeed
TY
#BTC