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Raghvendra Singh

@raghav078

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Raghvendra Singh pfp
Raghvendra Singh
@raghav078
$BTC Swept the highs at $84.6K and is now trading above the 4H 200MA/EMA which tends to be a good mid term momentum indicator. This is however still a weekend move so far and we know next week will be volatile again with news regarding tariffs and the first big tech earnings coming up. I'd say focus on the lower timeframe trend to see if that sustains. Higher highs and higher lows is what you want to keep seeing. Don't zoom in too much because it will just be a big mess.
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Raghvendra Singh
@raghav078
$BTC The more messages like these, the more supportive it will be of Bitcoin's momentum. I'd also like to make the case that $BTC.D likely makes a local top the moment QE or Liquidity Injections by the Fed actually start at some point in the future.
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Raghvendra Singh
@raghav078
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Raghvendra Singh
@raghav078
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Raghvendra Singh
@raghav078
$BTC Different stages this cycle. 👇 Bitcoin's rallies have generally been fast with longer drawn out corrections in between. The current correction from top to now is taking about 2.5 months but is already in line with the same percentage loss as the 2024 correction. Both previous corrections took about 5 months total. It's clear that worldwide markets are yet again in a very unique situation which can accelerate or turn things around very quickly. So stay disciplined and focus on the higher timeframe to not get chopped up.
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Raghvendra Singh
@raghav078
$BTC Trying to flip the local trend around. We've now seen a higher high & higher low made. Still quite a few resistances above. Key level for bullish continuation remainss that $84-85K area where the 4H 200MA/EMA and local highs are located. At the local (equal) lows we got an important level that could get into play if price were to lose yesterday's lows around $78K.
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Raghvendra Singh pfp
Raghvendra Singh
@raghav078
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Raghvendra Singh
@raghav078
Good morning! Hitting a few roadblocks yesterday 🚧, but today's a fresh start 🌈
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Raghvendra Singh
@raghav078
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Raghvendra Singh pfp
Raghvendra Singh
@raghav078
$BTC Trading below its Bull Market Support band for the past few weeks. It has attempted to get back above it a few times but has rejected for the time being. This is a good metric to gauge high timeframe market momentum. So far this cycle, price has traded below it shortly for a few times (2023 & 2024) but never traded away from it for much more than ~20%. Bulls would want to get this back in that region.
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Raghvendra Singh pfp
Raghvendra Singh
@raghav078
$BTC Has respected its .382 Fibonacci retracements, measured from the cycle bottom to the local tops, quite well so far. This is the 3rd time we get such a test this cycle. This time we got some confluence from the 2024 highs as well. Big level to watch.
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Raghvendra Singh pfp
Raghvendra Singh
@raghav078
$BTC vs Other Assets' performance since "Liberation Day". BTC interestingly enough performing on par with stocks which is not too bad. Generally, when stocks sell off to the degree they did, we see BTC sell off more. Some relative strength there for the time being but let's see if it sustains. ETH at the bottom of the pack but nothing new there obviously. Good to keep in mind that these things are denominated in USD which in itself is down ~1-2% as well.
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Raghvendra Singh
@raghav078
$ETH Made it back to the bottom of its range and high timeframe support. We saw a small sweep for now. Eyes on the daily close. This is where you start paying attention again and watch for potential lower timeframe reversal signs. I'm personally just waiting out the current weakness.
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Raghvendra Singh
@raghav078
The US Stock Market Wiped out over $2T in a day. That's more than $BTC's entire market cap. Just to put into perspective how small our market still is, compared to the giant traditional finance system.
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Raghvendra Singh
@raghav078
$BTC That was a quick CME gap close. ✅
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Raghvendra Singh
@raghav078
Stocks did make that move I highlighted. Both $NASDAQ & $SPX. Overlayed $BTC to show the recent correlation between the two and why it's useful to watch stocks in the current market environment. Good first sign of strength would be if stocks sweep and make a new low while BTC is able to hold on to its $76.5K low from March 11th. Generally, BTC is the first to tumble during macro uncertainty and it's also the first one to show strength upon a recovery. Important area to keep track of.
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Raghvendra Singh pfp
Raghvendra Singh
@raghav078
$BTC Quite the volatility during the weekend as was to be expected with such a "Big week" ahead. Low timeframe example here but there's quite a lot of volume and positions being closed here. First longs got taken out (again) and now shorts are taking profit/getting squeezed slightly. Overall Open Interest going down a lot as traders derisk (forcefully or willingly) ahead of the 2nd of April.
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Raghvendra Singh pfp
Raghvendra Singh
@raghav078
$BTC Not many changes here. Tested the resistance area but rejected. Back to trading below the Daily 200MA/EMA's. Intra-day there's quite a few decent moves but I'm not too interested in those. High chance to get chopped up. With the 2nd of April (Tariff/Liberation Day) approaching, I'm happy just sitting back and watching how that plays out before putting on many new active trades.
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Raghvendra Singh pfp
Raghvendra Singh
@raghav078
I'm looking for 10 Carrot Seeds on /farville 🧑‍🌾
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Raghvendra Singh pfp
Raghvendra Singh
@raghav078
$ETH That's the ~$1B in Open Interest from earlier this week fully retraced as price made new weekly lows. I really don't care too much about ETH until it either trades back above $2.1K or near its cycle lows at $1750. Other alts mostly following ETH as well as usual. PCE data coming up so it's going to be a volatile day in the markets I reckon.
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