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$ETH The move indeed wasn't done yet as per the initial tweet.

It can be very enticing to buy the blood after the initial candle, but when price keeps grinding down and there has been no proper flush, very rarely does it turn around. Usually it is just anticipation before the big one. Which is exactly what we saw and why I highlighted that it wasn't the dip to buy yet.

But the big change since then is that on yesterday's big candle you finally saw the Open Interest flush with a lot of long liquidations. That is the sign you want to see for local reversals, which is what we've already been seeing now.

Now things have reset, funding is roughly flat and price has slowly retraced that last candle without open interest going back in.

So most fuel on both sides is out now. It will be up to the spot flows from here.

Mark out your high timeframe levels and play it level by level.

Bitcoin spot demand has completely round-tripped the Q3-pump.

If buyers don’t step in quickly, more weakness will follow.
#BTC

#AIA

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entry 0.08

target 0.14

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