Rambo @EdgeBitcoin
Engineer, #Bitcoin Net Long Since 2013. Joined April 2020-
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Equities at ATHs while crypto chops. It's just market structure. Look at the session returns. We bleed out overnight and through the weekends. Then the US opens, we get the daily Trump taco headline, and spot buyers spend the rest of the day absorbing the dip.
*TRUMP: US, IRAN, HAVE HAD PRODUCTIVE CONVERSATIONS LONG
Listen, I don’t argue with the chart. Half of CT is still asking what the "catalyst" for this bounce was. Did the Middle East calm down? Did Jane Street turn the 10am slam back off? No. You just handed cheap liquidity to spot buyers. Look at the chart. You guys spent the last 48 hours aggressively shorting into macro support. Funding goes deep negative, OI builds, and then—bam. Those liquidation spikes right in the middle are your underwater shorts getting forcefully wiped out. Forced buybacks = instant green candles. I'm not gonna overcomplicate this. Stop trading headlines, grab your nuts, and long your longs.
I think CT has gone too far into overanalyzing again. Half the timeline is trading Middle East headlines, and the other half is wondering where the "Jane Street 10am slam" went. Spoiler: the 10am boogeyman was never real, you were just overleveraged during standard US open volatility. While everyone is looking for ghosts and panicking over geopolitics, the data is actually incredibly simple right now. OI just got nuked, and funding is sitting negative while price holds macro support. Historically, panic selling into negative funding is exactly what accumulation looks like. Stop overcomplicating it. Long your longs.
Listen, I don’t argue with the chart. We get 1 or 2 opportunities a year this easy. Grind down to retest previous cycle highs, gold and silver clearly blowoff topped + full moon last night. All thats left to do is fill whatever bids you missed and wait to see how much Saylor bought this weekend
Historically these longterm grinds haven’t favored the bears, atleast not right away. Funding is low, skew is up, there'll be a big pop up soon. At minimum to clean out hedges above 100k and at most we get to the top of 2025 range for ATH retest.
Look guys, we bounced against NQ and ES and macro support, while the narrative you hear is the exact opposite everyday on this app. We pump on news of Trump stealing world leaders, just like pre 2020 BTC. I’m not gonna overcomplicate this. Long your longs, no deadcat.
I think CT has gone too far into overanalyzing again. This is "oldschool" but served me well the last 10 years since Bitmex days. Price action + Funding rate. PA tells the mood, funding rates give you the sentiment of positioning. When they diverge then usually it's a good time to pull the trigger. After that it's just narrative and context
@zackvoell Man that bitmex dump feels like yday
Lesson in there guys
ran out of gas earlier today in the middle of nowhere rural countryside two lane road cornfields no service no houses just wind and fence posts needle was below empty and i was still telling myself “i’ll make it” i didn’t make it engine coughed dash lit up and the car rolled
So basis at 4%, OI been grinded to death and funding is flat. Everyone's scared of BoJ and more Fed hawkishness IMO this is what macro accumulation looks like. Not saying we can't go lower, but the setup is cleaner than it's been in months
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