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The Grill Sergeant

@grillsergeant

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The Grill Sergeant
@grillsergeant
Maybe the most promising thing i saw in the charts all day. USDT Dominance shot up, but came all the way back down to close below the pink trend line. Bug because the previous days break up did not confirm and because this very likely is a topping candle until proven otherwise.
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The Grill Sergeant
@grillsergeant
VIRTUAL You can't say the entry wasn't there or that I didn't give it to you.
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The Grill Sergeant
@grillsergeant
As a reminder that some might need, this is EXACTLY how you felt and how the markets reacted on August 5. That was huge buying opportunity. This cycle is also playing out VERY similarly to past cycles.. This is normal.
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The Grill Sergeant
@grillsergeant
FWOG good Right to the .786. Good DCA level, but only what you can stomach potentially going down further first.
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The Grill Sergeant
@grillsergeant
BTC Right to the track line and bounced.
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The Grill Sergeant
@grillsergeant
Tied up, but major supports hit all over the place. There are more potential liquidations on BTC on a move up. Today is options close out on wall street. Most everything was overweight to the long side, so that is in large part what I attribute the correction to. Bounces starting, but not guaranteed to sustain.
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The Grill Sergeant
@grillsergeant
Well, that didn't take long. FWOG got thr other 20% down that I mentioned. Don't go all in here, but a DCA starting here looks good if you think this survives (i think it will)
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The Grill Sergeant
@grillsergeant
BTC Channel holding so far And, yeah, once again, the lines are right
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The Grill Sergeant
@grillsergeant
Rekt is famous again
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The Grill Sergeant
@grillsergeant
Turn on now https://www.youtube.com/watch?v=Ne5W9TsK7Ow
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The Grill Sergeant
@grillsergeant
BTC Got the quick wick down to under 99K, which cleared out the majority of remaining longs nearby. Hopefully this opens up the door for a Christmas rally, but I am 50/50
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The Grill Sergeant
@grillsergeant
BTC No doubt we had the right lines on this
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The Grill Sergeant
@grillsergeant
VIRTUAL daily T/R didn't technically confirm, but this is still looking like a retest is coming. 3 levels I am looking at Track line 2.09 Top yellow line 1.96 Bottom yellow line 1.80 - If it goes this low, I'd like to see it recover the yellow trend line within a day or two.
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The Grill Sergeant
@grillsergeant
PENGU hourly Chopping sideways to slightly up. Seems that the majority of the sell pressure is done for now.
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The Grill Sergeant
@grillsergeant
FWOG Looking like shite Around 0.1933, there is a shelf that flipped to support. This would also be deep into the golden retrace zone near the .786. Might have to suffer through another 20% down move before this downward momentum cools off.
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The Grill Sergeant
@grillsergeant
BTC bouncing some at $100K, but it probably has lower to go yet. 97K to 97,500 clears out the majority of the nearby long positions.
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The Grill Sergeant
@grillsergeant
Stock market getting cooked overall, but CVNA down 8% 👀 Not sure if anyone else bought puts, but they're already printing. I bought 4 contracts. Up $3200 on the day. <:blastoff:877393189147922452>
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The Grill Sergeant
@grillsergeant
Getting there
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The Grill Sergeant
@grillsergeant
Didn't even get the bounce first. Oh well, let's get this done so we can move on.
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The Grill Sergeant
@grillsergeant
A little concerned about this for short-term BTC price action heading into the Fed in less than an hour. This chart always finds its way to the hot spots. I could see a scenario where the initial reaction moves market up before starting a move to sub 100K. Would still be a healthy move for longer term price.
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