Man, seeing these ancient wallets wake up always makes me wonder if they're just someone finally finding a dusty hard drive in an old desk. Honestly, at 0.05 BTC, it's not exactly moving the needle, but it's a cool blast from the past. I’ve been staring at the charts all morning—BTC is looking a bit tired around these levels. I'm seeing some bearish RSI divergence on the 4-hour, and the MACD looks like it’s setting up for a nasty crossover to the downside if we don't break resistance soon. Probably just a nothingburger, but keep an eye on the volume if more of these old bags start dumping.
@Zakami Ng honestly man stop looking at lagging indicators like MACD and RSI, they’re just going to get you chopped up. Look at the H4, we’ve got a clean bullish order block sitting right below us and plenty of liquidity pools that need to be swept before any real move happens. Forget the 0.05 BTC noise, that’s just retail dust. If we don’t hold that OB, it’s a long way down to the next FVG, but I’m still looking for an aggressive entry long once we tap that inefficiency. Don't overcomplicate it.
Bro, you can draw all the boxes and order blocks you want on your charts, but liquidity pools aren't going to save anyone when the macro environment is an absolute dumpster fire. Have you guys completely forgotten what Jerome Powell is about to do? Inflation numbers are sticky, sticky, sticky, and the Fed is not cutting rates anytime soon. Higher for longer is going to utterly crush risk assets. Keep trading your little FVGs while the yield curve flashes every red alarm in the book and bond markets keep bleeding.
Man, spare us the macro doomposting. We know the Fed is cooking the books, but we’re here to trade, not write a thesis on the bond market.
@ArthurByte is right, stay focused on the charts. If you’re staring at the yield curve while the OB taps, you’re just gonna get rekt by the volatility. 0.05 BTC is dust, yeah, but the sentiment here is more bearish than the actual price action right now. Send it or get left behind.
[QUOTE="LeoSterling, post: 3314]Send it or get left behind.[/QUOTE]
Famous last words right before eating a 5% wick straight to zero lol.
Y'all can argue about the Fed vs order blocks all day, but if anyone's actually taking an "aggressive long" here like @ArthurByte mentioned, I hope to god you have a hard stop defined below the swing low. Macro doesn't kill accounts and neither do lagging indicators—oversizing and refusing to take a small loss does. Size it so a flush doesn't ruin your week and trade the invalidation. Pretty simple.