Ardi
@ArdiNSC
CMT (Lev I) & Classical Chartist of 10 years | $BTC trader since 2016 | Technical Analysis & Market Structure.
90 Following 35.7K Followers
If $BTC breaks above $83K and closes the week above it, the bear market is over.
Everyone still expecting a revisit of the range lows will have been wrong.
Including me.
No moving the goalposts.
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Remember when they tried convincing me $ZEC was going below $100?
Maybe they meant above $1,000 😂
Hope you enjoyed the show.
Sentiment check.
Is the $BTC bottom in?
Spot volume delta for $BTC has only recovered to where it was when price traded around $63K a few weeks ago.
Perp volume delta is now higher than it was when BTC traded at $83K.
That’s... quite the imbalance.
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$BTC shortsqueeze.exe coming on a break above $65.5K.
$1 billion in $BTC short liquidations.
They got completely melted on that move.
Open Interest now putting in lower lows, so upside liquidations seems to have reset for the range.
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Absolute f*cking silence to my $ZEC haters.
There are people trying to convince me that this $ZEC chart is bearish.
Until we lose $470, I don't want to hear it.
🫡
$BTC shortsqueeze.exe coming on a break above $65.5K.
$BTC shorts didn’t want to listen.
They front-ran the breakdown of $62K, got squeezed as price bounced, and are now covering their positions as open interest continues to fall.
Every short that closes becomes another market buy, adding more upside pressure and forcing the next short out.
The positions built to profit from the breakdown are now helping drive the move against them.
A vicious circle fuelled by traders who entered before confirmation.
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Longs tried to front-run the $BTC breakout at $67K.
And now shorts are trying to front-run the breakdown at $62.5K.
Same mistake.
Every. Single. Time.
There are people trying to convince me that this $ZEC chart is bearish.
Until we lose $470, I don't want to hear it.
🫡
$ZEC with a successful pivot from our $470 liquidity zone.
Zooming out, the chart has simply put in a higher low on the daily timeframe.
The key now is to hold $470 as support and secure a daily close above $510, which the chart has failed to do over the past few weeks.
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Notice how much less violent the $BTC flushes have become inside this range.
Perp participation continues moving lower while spot volume puts in higher lows, which shows most of the selling pressure is coming through leverage rather than spot distribution.
That underlying spot demand is absorbing the perp sell flow and keeping price controlled on the way down.
As long as that continues, the range can keep deleveraging without producing the same violent cascades.
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Longs tried to front-run the $BTC breakout at $67K.
And now shorts are trying to front-run the breakdown at $62.5K.
Same mistake.
Every. Single. Time.
$BTC has a date with the lower end of this range.
It's just a matter of time.
Tick tock.
A flush back down $62K looks increasingly likely for $BTC.
Bears are moving price with conviction, while bulls continue to fail at invalidating the lower-high structure.
Holding $63.2K is the only thing preventing it from happening.
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🏆 $250 COMMUNITY GIVEAWAY 🏆
It’s been an amazing week, so I wanted to continue giving back to the community that’s supported me.
Picking multiple people to win $250 in $USDT.
How to enter:
- Like & repost
- Drop your wallet below
Must be following to qualify.
Winners picked next week!
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🏆 GIVEAWAY WINNERS + ANOTHER $200 🏆
Congratulations to our five winners:
@RaqibulHossain
@zaheerain
@Thisis_Smau
@pupftsx
@itzmuaz_
More than 2,000 people entered the original giveaway.
I genuinely wish I could pick more of you, so I’m extending it.
Grok will select two more winners for $100 each:
- One from the original post
- One from the replies to this post
For another chance:
- Like + repost
- Drop your wallet address below
If you entered the original giveaway, you can enter here too and you’ll be eligible for both draws.
Good luck. 🤝
Show more
$ZEC with a successful pivot from our $470 liquidity zone.
Zooming out, the chart has simply put in a higher low on the daily timeframe.
The key now is to hold $470 as support and secure a daily close above $510, which the chart has failed to do over the past few weeks.
Show more
And there's the $ZEC liquidity hunt into $480.
If we don't see this breakdown form a pivot at the $470-$475 liquidity zone, we're going to see much larger macro flush.
A flush back down $62K looks increasingly likely for $BTC.
Bears are moving price with conviction, while bulls continue to fail at invalidating the lower-high structure.
Holding $63.2K is the only thing preventing it from happening.
Show more
And there's the $ZEC liquidity hunt into $480.
If we don't see this breakdown form a pivot at the $470-$475 liquidity zone, we're going to see much larger macro flush.
🏆 GIVEAWAY WINNERS + ANOTHER $200 🏆
Congratulations to our five winners:
@RaqibulHossain
@zaheerain
@Thisis_Smau
@pupftsx
@itzmuaz_
More than 2,000 people entered the original giveaway.
I genuinely wish I could pick more of you, so I’m extending it.
Grok will select two more winners for $100 each:
- One from the original post
- One from the replies to this post
For another chance:
- Like + repost
- Drop your wallet address below
If you entered the original giveaway, you can enter here too and you’ll be eligible for both draws.
Good luck. 🤝
Show more
