Still net short and waiting for breadth to get extended before I cover.

$CRV is not out of the woods yet. Inside week and down continuation and 3M inside bar and down. 0.40 was the OTC price at which Michael was able to unload his tokens to improve his liquidation health. But it looks like people are now gunning for $0.40 - if we crack 0.40 how long will that gentlemen's agreement hold?

Playing with #Nunchuk. I never knew that multi-sig could be so easy. Thanks @BTC Sessions for the tutorials. 🫡

2 charts I'm watching closely - US10Y Yields on the US 10-year is getting awfully close to new cycle highs. 💣 USDJPY Japan is the furthest along amongst G nations in its experiments with monetary policy. Now the Yen is heading back towards cycle lows - watch carefully to see how Japan reacts. 👀

Kaching - As the saying goes, sometimes all you have to do is wait until all the chips are on one side of the table. 💰

This doesn't portend well. Long bond - $TLT - Weekly inside bar and down. The downtrend accelerated with the double inside quarter and down. We are likely to visit the recent lows and lower and see some price discovery. Zooming all the way out and $TLT is still trading year so it will be interesting to watch if it remains in last year's range or not.

Kaching - as posted earlier we now have higher highs and lower lows. https://iris.to/note1ljxjvns93et4ufnvzj5vj0wge9q27596ep9g2leuvmeghvttnugshazu26💸

The game gets easier once you understand broadening formations exist. Then it gets down to execution.

ETHBTC - weekly inside bar reversal slowly playing out which puts the 0.06108 pivot in play. Monthly outside -inside break setting up which would put the larger broadening formation in play. Personally, i wouldn't be surprised if we drift sideways until the new quarter and we see vol return in the Fall. I'm currently in the BTC/ETH pairs trade - long BTC and short ETH via perp futures. Structuring it this way allows you often collect funding from one side of the trade to offset the carry cost while waiting for the directional move.

Back to posting charts on nostr! $BTC update We got the 3-month reversal - momo-up reversal - which now puts the 24825 pivot in play. The multiple outside bars have caught a lot of traders offside. This is when zooming out to a higher timeframe helps see the forest through the trees. On the 12-month - $BTC is clearly trading inside year and it's very unlikely we break that range. Tactically, this still means that on a risk-adjusted basis, it's still best to sell rips and buy dips. If you're a longer-term trader/investor then keep some gun powder dry, don't chase as you will have opportunities to buy $BTC at cheaper prices.

Bad news: my buyer bailed on me for my #Bitcoin 2023 GA ticket. Good news: I'm paying it forward by giving it away for free! If you're interested in a GA ticket for #Bitcoin2023 in Miami Beach FOLLOW and DM me for the next 4 hours and you'll be entered in a random draw. ⏰

Interestingly, gold seems to be leading $BTC. This will be something worth watching moving forward. Gold triggered the daily inside down bar before the reversal in $BTC. 60m - Outside-Inside-Inside sequence triggered the break to the downside.

$BTC update 5 trading days remain in March and Q1 and I think the most likely scenario is we see some end-of-quarter selling and end the week red. Next week I will be very interested to see how the price trades in relation to the weekly open AND the monthly/quarterly open. The beginning of each quarter is one of the most opportune times for buyers/sellers to take control and align across all time frames. Daily - $BTC inside bar reversal to the downside. $BTC had been bouncing off the upper BF trendline but now trading below the trendline - watch to see if the trendline is reclaimed. 2 Day - $BTC outside inside and down.

$BTC update 1 hour and change before the FOMC announcement. Daily - $BTC currently inside day and up. 60m - $BTC going momo up (weak market structure). We will likely see a 60m outside bar post-FOMC so be prepared for a sell $BTC post-FOMC scenario. The buyers are currently in control so if the price breaks back into yesterday's highs, watch out for the potential for an outside day to the downside.

Few really understand broadening formations.

There's an old market adage - You gotta be buying when they're crying, selling when they're yelling.

$BTC Took profits in all shorts and started nibbling on longs. +7R on the BTC short. Now let's see if $BTC can work its way back through the BF. #plebchain