Miles
@JohalMiles
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UK | Abstract Artist | Investor & Trader | Sharing my perspective | Tweets are not financial advice |
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New painting.
'The Light After The Storm'
Now uploaded to the website, link below.
See full resolution images there also.
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ATH before the halving, why?
$BTC Supply is already set for an ATH. With sufficient demand increase, that is where price is going.
Halving narrative has become super popularised way more so than it was in 2019. It is now being talked about on CNBC that the halving starts bull
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The macro direction is up.
Accumulation is ending.
100k sooner than you think.
$BTC
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The bull market has already started and the 2025 bull market that everyone is waiting for may in fact end up as a bear market.
$BTC
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ATH before the halving.
No time to explain.
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We have an ATH before the halving and now we have a bear trap.
Next up 130k-150k or more importantly whenever hodl wave and other key indicators signal a top.
Year of the camel.
$BTC
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This chart was signal at 16k.
It is signal now.
And it will likely be signal at the macro top.
$BTC
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This is not 2019, 2016, 2020.
It's 2024, expect the unexpected.
ATH before the halving.
$BTC
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"No ATH before the halving, it's never happened before."
"Bull run until 2025, it's what's always happened before."
Do you see what is going on here sheikh.
$BTC
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Update.
Hodl wave continues to drop like a stone.
To be expected.
$BTC
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I repeat, this is not 2019.
This is 2023.
Year of the camel.
$BTC
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Hodl wave has taken another significant leg down.
The countdown to the top has begun.
Higher to go but time to pay attention sheikh.
$BTC
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ATH before the halving + parabolic advance price action = peaking sooner than most think.
Higher, but faster.
$BTC
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Are you prepared for the potential scenario of turboing to 150k within 3 months and then entering a bear market.
In this scenario very few are selling. The ETF narrative has already trapped a whole lot of people.
$BTC
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People were very attached to the idea of Bitcoin being unable to make an ATH before the halving.
In spite of this occurring, they are now super attached to the idea that the bull market must last until mid 2025.
I think they will end up being wrong in both cases.
70% of this
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You don't get Bitcoin looking more primed for parabolic action than this.
If it doesn't happen here, I'll eat my hat.
$BTC
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Accumulation is ending.
Expansion and distribution is next.
$BTC
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It's likely going to get a lot faster and a lot more vertical.
Max confusion for many until it will be too late.
$BTC
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SEC has successfully convinced many to dump everything right before the potential pause in interest rates and DXY continuing to turn down.
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In spite of bear trap season, the big picture remains the same.
130k-150k is the macro target.
$BTC
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This momentum is not indicative of a slow, long bull run like the herd are expecting, running until 2025.
Quite the opposite in fact.
Don't follow the herd.
$BTC
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When price has moved 50% off the lows it's not a bull trap anymore, it's a move that you have missed.
$BTC
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In the grand scheme of things, this correction does not mean much.
The macro chart says parabolic is coming.
$BTC
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I think in general people are targeting way too high for this bull move.
130k-150k max I think.
Hodl wave will point the way but seeing large consensus above 200k which is too high imo.
My guess is that this move is going to be a lot quicker than people expect, everyone is
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I think this bull market is going to be a lot faster than most are prepared for sheikh.
Be prepared, at the top you won't want to sell.
$BTC
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ATH before the halving.
Ah nevermind, force of habit sheikh.
$BTC
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Everyone wants a deep correction.
Why? Because that's what happened in previous cycles.
I think these people will be disappointed.
Either way, it's still a bear trap.
$BTC
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Accumulation is ending.
Expectation is what follows next is parabolic expansion, distribution and then a new macro top.
That has been the playbook every time so far.
Macro uptrend until 130k or whenever hodl wave reaches a bottom.
$BTC
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The plan was/is ATH before the halving.
Secondly a parabolic move resulting in a macro top quickly after ATH's.
Thus far, the plan is working. I think people wanting a long bull market until 2025 will be disappointed.
Will continue to observe.
$BTC
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Bad news all the way until ATH's.
Then good news all the way to the top.
$BTC
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ETFs get approved at market tops.
It's the time before that is bullish.
$BTC
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I'm not posting much because there isn't much to say.
Just sit and wait for the bear trap to conclude and then vertical.
$BTC
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The salt is starting to flow.
I'll say it again for good measure.
ATH before the halving.
$BTC
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This bull run feels weird because it's not a full blown bull run.
This is not your 2 year Bitcoin up cycle.
This is the concluding parabolic move to the 2020 cycle and in fact Bitcoin's entire price history.
Up faster, over quicker, max confusion.
$BTC
Why this bull run feels weird man
I got 0 fucking hype
Anyone feeling similar?
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5K
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Nothing to see here, just the beginnings of a new bull market.
$BTC
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In my opinion.
You do not have until the halving to accumulate.
$BTC
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Two options here sheikh.
We go down or we go up.
Both paths result in 100k.
No time to explain.
$BTC
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Now we have made a new ATH we are reasonably close to the end of this bull move.
Once past ATH's proper, everything gets faster and faster until the top.
Don't listen to the narratives.
Top is much higher.
$BTC
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ETH hasn't even made new ATH's yet.
Altseason starts properly after that.
$BTC
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Accumulation is ending, but only a few have actually accumulated.
$BTC
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Do you understand how macro bullish we are here Sheikh.
ATH before the halving.
Base estimation Q2 100-130k high end.
$BTC
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Much higher to go, countdown to the top has not yet begun.
$BTC
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It may seem obvious but most people are missing that an ATH before the halving likely results in peak much much sooner than most expect.
It's pretty logical if you consider it.
$BTC
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I don't understand why people are losing their marbles here.
We are consolidating at ATH's, even if we do correct deeper it's just a larger bear trap.
Get a grip sheikh, good grief.
100k is programmed.
$BTC
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Looks like the Hodl wave descent has begun.
Will be watching for greater confirmation but this was the expected behaviour at ATH's and higher.
$BTC
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Did this chart look very bullish at 16k? Yes.
Does this chart look very bullish now? Yes.
No time to explain.
$BTC
Smart money bought long ago.
You're late if you don't have a position.
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Have you noticed how a lot of people are still fast asleep on here.
We are literally consolidating under ATH's after having made an ATH before the halving for the first time ever and yet, you can still hear people snoring.
Much higher to go and much faster.
$BTC
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All corrections are bear traps.
Write it down.
ATH before the halving.
$BTC
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Most people still haven't grasped what making an ATH before the halving likely means for the rest of this bull move.
$BTC
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ATH before the halving.
$BTC
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For those that are confused.
We are dealing with a 2 hump Bactrian.
Year of the camel.
$BTC
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I keep hearing this statement of late.
"ETFs have changed the game."
What this effectively translates into is, "I won't be selling the next top and will hold all the way down."
I've been there myself, most have.
Technicals/fundamentals only.
Ignore narratives.
$BTC
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We are going much higher, much faster than you expect sheikh.
And then we are coming much lower, much faster than you expect sheikh.
Expect the unexpected, this is not a brand new 2 year bull cycle.
$BTC
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You're losing hope.
Saudis are bidding in the 5th dimension.
Built different.
$BTC
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Hodl wave on a steep path downwards.
This is not bearish, this is bullish but what it also means is that the top is on the way.
However, when we get there people won't want to hear it. Various excuses are already being made and I expect they will only get louder as we go
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I have been posting this chart for many months and thus far everything is playing out as indicated and thus expected.
This data continues to say an ATH in 2023 is the more probable scenario.
$BTC
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Quicker, faster and more vertical than most think.
This is not a long haul.
$BTC
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If we do in fact breach ATH's before the halving as I expect.
The narrative shift will cause total panic amongst those side-lined and under the impression that they had many months to accumulate.
There are not many people long and expecting ATH's and higher.
$BTC
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Probably posted this chart 100 times in the past year.
Going to keep posting it.
$BTC
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I think this correction is starting to look like the slingshot into the max vertical parabolic phase.
There are too many people talking about going significantly lower or sideways for a long time.
This of course stems from the idea that the bull run will last until 2025.
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