Big picture for me I think $BTC is bottoming versus equities
Per system I got a bunch of flashing warning signals on the mag 10 this week
Genuinely think we are seeing a rotation out of tech and beta exposure to AI trade in real time
RSP, small caps and certains sectors still holding weight which shows breadth and broad strength in other areas of market
But I do think we could see some turbulence in Q1 if the big boys like $NVDA start to show weakness on concerns of delivery, expectations of the future etc.
In a vacuum though, I think $BTC will do better than the nasdq during this period
For now, holding this crucial anchored vwap structure
Notice where we are now, decent ammount of volume came in here
Notice the voids below
Regardless, if we get flash sell in broad market $BTC is the horse to watch imo
Dips be for buying as we will bottom first no matter the context (i reckon)
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Big picture for me I think $BTC is bottoming versus equities
Per system I got a bunch of flashing warning signals on the mag 10 this week
Genuinely think we are seeing a rotation out of tech and beta exposure to AI trade in real time
RSP, small caps and certains sectors still holding weight which shows breadth and broad strength in other areas of market
But I do think we could see some turbulence in Q1 if the big boys like $NVDA start to show weakness on concerns of delivery, expectations of the future etc.
In a vacuum though, I think $BTC will do better than the nasdq during this period
For now, holding this crucial anchored vwap structure
Notice where we are now, decent ammount of volume came in here
Notice the voids below
Regardless, if we get flash sell in broad market $BTC is the horse to watch imo
Dips be for buying as we will bottom first no matter the context (i reckon)
Have a splendid Q1 lads