Byzantine General @thebyzantinegeneral Channel on Telegram

Byzantine General

@thebyzantinegeneral

Market updates and analysis.

Byzantine General (English)

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Byzantine General

22 Nov, 01:47

Considering that we're so close to 100k I think the FOMO is too high to stop here. It's very likely at this point that we'll blast through it soon.

However, there's quite a lot of passive supply. I think there's a good chance that BTC pumps to 105k or something and then gets exhausted and full retraced the "breakout".

Then back in the range, sideways for a bit, then bears get a glimmer of hope again, then we probably just rally again.
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Byzantine General

22 Nov, 01:45

So we did get another pop. I'll admit though that even I as a bull am currently in disbelief lol.

Anyway...
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Byzantine General

20 Nov, 21:38

Looks like we'll get another pop higher. Spot markets started bidding hard out of nowhere.
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Byzantine General

20 Nov, 21:37

https://x.com/ByzGeneral/status/1859350313565868069
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Byzantine General

20 Nov, 16:44

BTC open interest is skyrocketing while it's struggling to make a clean breakout, meanwhile a lot of alts are breaking down.

This looks a little sketchy to me. I could see a nuke happen soon, perhaps one more pop up before nuke. BTC most likely stays above 80 though I think, but if it does nuke alts will get the worst of it.

I don't have super high conviction on this so I'm not shorting anything, I wouldn't recommend shortin anything either, but this is a good place to close some leveraged longs IMO.

Also the fact that we're now gambling on TikTok shitters... Kinda feels like a short term cooling off phase makes sense. I personally wanted to buy some more garbage in the trenches, but I'm sitting on my hands for now until I got more clarity.

If you've been feeling sidelined then now is probably a good time to set some stink bids. I'm only talking about a short term nuke, the bull market is still on.
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Byzantine General

18 Nov, 16:06

https://x.com/ByzGeneral/status/1858536390746661325
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Byzantine General

18 Nov, 16:06

IDK if this narrative has staying power but at the moment the bid is crazy.
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Byzantine General

18 Nov, 16:06

CZ, Vitalik and Brian Armstrong are all pushing DeSci. Interesting.
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Byzantine General

18 Nov, 16:06

https://x.com/ByzGeneral/status/1858541621421158832
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Byzantine General

18 Nov, 12:19

It all pumped a lot already though, so maybe wait for a dip if you want in.
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Byzantine General

18 Nov, 12:19

If you want some DESCI tickers:

RIF (sol)
URO (sol)
scihub (sol)
BIO (sol)
RSC (eth)
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Byzantine General

18 Nov, 12:12

The narrative I'm talking about is DESCI
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Byzantine General

18 Nov, 12:12

https://x.com/ByzGeneral/status/1858473365930905963
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Byzantine General

18 Nov, 10:47

We'll see what happens when the US session starts, that'll dictate where we go from here. The setup looks good, we just need a little support from ETFs.
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Byzantine General

18 Nov, 10:46

Moral of the story is that this perp premium pre US trading hours is to be ignored.
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Byzantine General

18 Nov, 10:45

https://x.com/ByzGeneral/status/1858461563121815792
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Byzantine General

15 Nov, 16:43

https://x.com/ByzGeneral/status/1857463689265234090
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Byzantine General

14 Nov, 16:25

I'm using a 4k monitor, can you guys see the chart properly or does Telegram destroy the pixels?

👍 perfectly visible, 👎 chart looks distorted.
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Byzantine General

14 Nov, 16:24

BTC technically hasn't lost momentum yet.

So it's possible that it goes for one more push higher after touching the trend line, then taking out the highs then a bigger retrace.

Second most plausible scenario is that it does move lower from here. A takeout of the local lows between 85k - 84k would be a nice bid for a short term trade.

Personally, as I said in one of my recent posts, I'm 100% in spot from way lower so I'm not doing anything right now. Just sitting on my hands. We'll go way higher eventually.
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Byzantine General

14 Nov, 16:06

We were due for a little pullback, but I'm not too worried.

I'm not sure how low we go, but we probably front run 80k because surely that's a level that everyone wants to bid.
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