$TAO $TAO — I think this 15-month accumulation phase is finally coming to an end.
A pretty clean Wyckoff schematic playing out on the 1D. Multiple sweeps of range lows, each one trapping more sellers, with the most recent spring already reclaimed strongly.
Many will conveniently ignore the dynamics of this chart simply because they don't like the macro picture, or because "BTC bottom is not in yet."
Many missed $HYPE for the exact same reasons. They'll miss $TAO too.
I think $220-240 region is a good zone build a long if a retest is given in the coming days.
$USDT $USDT.D, I think we reach the blue box soon.
Two scenarios from here. Most likely we sweep the weekend lows on USDT.D (which means BTC sweeps the weekend highs), chop a bit more up here, and then make the move down into the blue zone around 7.5-7.8%.
Or, if the Trump trade deal BS actually turns into a real signing this time, we could see a sharp aggressive drop straight into the blue box without the chop.
Either way, the destination is the same. The path is the only question imo. #USDT
$BTC The blue line is what every bear on your timeline keeps pointing at on the $BTC chart
But they conveniently highlight what drives engagement and ignore what actually matters.
Every macro bottom in crypto's history has happened on the yellow line — the weekly 200MA. Not the maroon line, which is just the weekly 50MA.
2022 is the only exception, and even that came under extreme internal and external pressure. The biggest crypto companies (read: scams) imploded one after another while the SEC was actively hunting down the bad actors.
Even then we briefly deviated below it for a few months only to make a quick recovery within months.
Outside of a full system collapse, the 200MA has held every cycle. And right now, that's exactly where we are.