Symbiote🕷

$BTC has just rejected the important 83K level, turning it into new resistance right now

Correction might continue further

https://x.com/cryptosymbiiote/status/2110787734285795783

We have no liquidity left to take below after this dump

Only huge liquidations above right now

You all know what this means...$BTC

https://x.com/cryptosymbiiote/status/2110107704433803650

$BTC

82K -> 80K -> 87K

https://x.com/cryptosymbiiote/status/2110049200243184051

Number of people waiting for a 70K-74K correction right now is getting too absurd, and when majority waits for something, it rarely happens

At this stage, it becomes more psychological than purely technical

Most people tend to wait for the move to be visibly seen before acting, rather than positioning ahead of that to capture it

For a simple reason: fear of being wrong

Nobody knows whether the bottom is already in, whether we create new lows, or trade at 90K tomorrow, but I'd rather DCA lower than watch BTC trade at 90K with no position cause I was scared, waiting for lower entry

Let that resonate for a moment

https://x.com/cryptosymbiiote/status/2109282305101484415

I may be bullish, but I'm not blind...

The most important thing right now for $BTC is to form this range, and successfully retest 80K EQLs while getting dFVG back

I'm not saying it can't happen without deviation below to ~75-77K, and that's what I am waiting for, but if the bottom is in and we won't go to new lows, that's how things would likely play out till midterms

Anyways, keep working from price reactions

So waiting for 80K POI right now

https://x.com/cryptosymbiiote/status/2108678195583103397

$BTC

Do you see the pattern?

https://x.com/cryptosymbiiote/status/2108660332441084223

$BTC

Macro H&S bottom reverse structure

You can tell sentiment flipped too bearish, whole CT is in doubt, which is a perfect time to zoom out with a cold head

Same structure, same reverse, same correction

https://x.com/cryptosymbiiote/status/2108319293767106607

When in doubt, refer to history... $BTC

https://x.com/cryptosymbiiote/status/2108287478943928651

$BTC

We're sandwiched between 82K and 87K huge liquidity zones right now

Usually, we must take both sides before any real move

https://x.com/cryptosymbiiote/status/2106802371103690865

It's time to call it officially:

$BTC bottom is in

https://x.com/cryptosymbiiote/status/2106469712599367822

Keep it simple... $BTC

https://x.com/cryptosymbiiote/status/2106140583555453109

How should we call this pattern... $BTC

https://x.com/cryptosymbiiote/status/2105762586503557631

Seems that I was wrong... $BTC

Now we have definitely broken the full bear market downtrend structure, finally closing monthly above May highs

Even though it's still hard to believe for me that bottom is in

Maybe eventually we did not have any fear capitulation event, cause 90% of ppl really are sidelined right now (idk how it happened)

I personally bought BTC at 60K and thought that almost everyone did that too, but I guess I was wrong

After all, the plan is not to be right, but to make money

And I will be buying more at ~79K-75K zone

It really was that simple

https://x.com/cryptosymbiiote/status/2105693856293392427

Last time we saw these lows on Open Interest, we had a huge dump from 80K May highs to 60K lows

Wondering if it plays out this time too.$BTC

https://x.com/cryptosymbiiote/status/2105406260078125340

One of the possible scenarios... $BTC

I don't believe that we marked bottom that easily

Macro bottom is something that nobody expects, and the majority that screams bullish right now can't be right here

You might say: "You're just sidelined, that's why you're bearish"

Absolutely fucking not

If you'd be my Sub, you'd know I bought:

BTC at 60K
ETH at 1,5K
HYPE at 55

Something that I can't get off my head is that the current market structure is surely off from default 4-year cycles

And first thought that pops out for everyone: "Oh, we just close the cycle earlier, bottom earlier, now bull run starts, everyone happy"

Do you really believe this, or do you just want to believe it?

That's the question everyone should ask themselves right now, not just taking that as absolute truth right now

So that's why I am thinking of this scenario

Scenario where we'll face huge fear capitulation event where majority would sell from fear, calling BTC dead bubble again, with institutions accumulating and ppl would be sidelined

That's where I'll be saying I told you, buying with all the money I have

See you there

https://x.com/cryptosymbiiote/status/2104949959271313511

Do you see the pattern... $ETH

https://x.com/cryptosymbiiote/status/2103589113442009108

$BTC

New range is still yet to establish itself here, with printing a new weekly high at 88K and lows remaining at the 58K zone

Likely plenty of chops and deviation are coming

I don't see us closing above 83K right now and pumping to 90K, more likely a pullback to 75K right now

See you down there

https://x.com/cryptosymbiiote/status/2103246093068718515

Do you see the pattern... $BTC

https://x.com/cryptosymbiiote/status/2102510962334908564

Can you see what I see... $BTC

https://x.com/cryptosymbiiote/status/2102160455472959910

We have no liquidity left to take above after this pump

Only huge liquidations below right now

You all know what this means...$BTC

https://x.com/cryptosymbiiote/status/2101794968947847549

It was obvious for $BTC to take mFVG at ~69K eventually, now we're retesting bear market resistance band

That's where we reject and go lower

https://x.com/cryptosymbiiote/status/2090138700009075052

Compression -> Deviation -> Dump -> Repeat

$BTC

https://x.com/cryptosymbiiote/status/2089463770074550399

Interesting divergence here... $BTC

Open interest is at a 1-year breakout while price remains inside same compressed range

Wouldn't be surprised to see a leverage flush into compression before the move toward mFVG above

https://x.com/cryptosymbiiote/status/2089411950073528637

$BTC

POC is sitting at 64K with volume increasing at highs of this 2-month compressed range

That tells us we're seeing acceptance near range highs

Which on LTF points to a retest of mFVG, with or without taking OB or compression below first

https://x.com/cryptosymbiiote/status/2089344533867745314

We’ve just closed 5th $BTC weekly candle around the same weekly 200MA, all within a ~4% range

This usually means a large liquidity sweep is coming

https://x.com/cryptosymbiiote/status/2089114708540371240

For those bottom-is-in thinkers.. $BTC

If you're waiting for Q4 for bottom to come quietly, without any final flush and legacy market correction

It's not a plan, it's just a comfortable bottom for you

We're sitting at -50% from ATH, no fear, no capitulation, no "we are going to zero" sentiment, anywhere close to 2022

No macro bottom ever comes this easy

At some point, S&P 500 must correct and if BTC is already this weak while equities are near highs, what happens next?

I don't say we'll dump to 30K or smth

But I do think we still need final liquidity event that forces late buyers out and lets whales use people's liquidations to accumulate large positions

That's why once this SPX correction hits, I'd expect a sweep below 55K to form bottom at ~49K-54K area

That seems like a logical zone where ppl starts extrapolating lower again and it'll be like 10K target with 15K bottom in 2022

The most interesting part is still ahead

https://x.com/cryptosymbiiote/status/2088682910878716168

Decided to check LTF and saw we formed a bearish H&S pattern

You all know what's coming next... $BTC

Get ready for a further dump

https://x.com/cryptosymbiiote/status/2088399460619501985

$BTC

From a purely structural standpoint, there's nothing bullish right now except monthly imbalance above

We're just ranging and clearly targeting liquidity on both sides

So after it happens there, it's just free fall

https://x.com/cryptosymbiiote/status/2088322187891478985

The final capitulation is coming.

$BTC

https://x.com/cryptosymbiiote/status/2087603792611082687

2 of 2 last CPIs got us a ~7% $BTC pump

We would have third one today

Wondering if we repeat it

https://x.com/cryptosymbiiote/status/2087516084010176686