Ansem shared a tweet about market structure on march 4

image.png

Left goes over eth, right goes over bitcoin

for reference eth's setup is whats technically called a liquidity sweep, which is bullish - but bitcoin leaves me a bit hanging here, in terms of what the direction of the market really is for the short-term.

ETH liquidation Heatmap

  1. Shorts getting liquidated
  2. even more shorts are getting liquidated ( shorts who went hyper short on trumps tweet)
  3. longs that went hyper long into trumps tweet 4.The key level gets taken out but not much of liquidity was laying there

Point ( 4 ) - raises my eyebrow because this has successfully gotten rid of leveraged longs, this is an event that almost always leads to an up only move.

we can all see that there isn't much longs at all down here into such a key level- meaning participants arent sure & are not as long as they used to be.

image.png

This brings me to this point: Are longs just too scared to take risks? Has long leverage finally been washed out of the market? Now, by all means, this is bullish.

the set up that ansem showcased ( left chart )

image.png

is a very bullish set up, but once again BTC leaves me a bit skeptical, which has me taking a laid-back approach.

for 1. the R/R for a swing just isn't there. and 2. the “ micro “ structure for btc - Buttttt! it is still bullish on the bigger picture.

With how everything is going mainstream it really is gonna be only up and btc will be averaging 20-40% return a year.

back to the charts…

image.png

Nothing has more significance now than lower low #4, if that breaks down then sitting back would be the more optimal thing to do, sitting back as in staying cash.

———————————————————————————————————————————

image.png

Do you notice how price tends to hold the trend? High > low lower high ( with no wicks/candles breaking prev high) > lower low Retracement > low gets set in ( creating another lower high in the price)

Cycle goes on, you get the point.

image.png

Right here is where BTC started looking bullish, breaking these tiny lower highs set in the trend ( marked by the orange circle )

which then creates a new MINI trend in the overall HT downtrend

image.png

This is when stuff really started looking bullish going into the resistance of 87k, this slow build up of higher highs and higher lows into the chart.

Bang a break out occurs…

image.png