Many people are saying no way
#crypto
as industry will recover from this. I think we will. Everyone here today is an early adopter.
Better we figure out the problems today than next cycle.
Also, one thing I'm 1000% certain is
#Bitcoin
will not only survive but thrive from this
2022 was an incredibly bad year for risk-on assets, including
#Bitcoin
. Worst correction within one year in a long time.
If you're still here, then you're a winner.
2023 will be great.
If you want to know what
#Bitcoin
&
#Crypto
were like in early 2019, here it is in 2023.
Boring of ranges and FOMO hype on the tiniest of pumps.
If you leave now, it'll all be for nothing. Don't make that mistake
#Bitcoin
Time & Cycles
In the past 2 cycles when December started, the top was in for
#BTC
. From there it took 13 months for the Bear Market to come to an end in January.
Well, it's been 13 months since December 2021 and January's just started.
Most people try to catch the bottom.
99% of the time they miss it.
The other 1% of the time they are so excited they caught it that they end up selling way too early in the uptrend for fear of losing their great entry.
#BTC
When
#Bitcoin
is at $28K, people wait to buy at $25K.
When
#Bitcoin
is at $19K, people wait to buy at $16K.
When
#Bitcoin
is at $16K, people wait to buy at $14K.
#BTC
Most Impulsive Bull Run incoming?
The fact that the weekly MA100 🔵 & weekly MA200 🔴 crossed for the 1st time in history might have triggered the most impulsive Bull Run in we've seen so far.
And it shows as
#BTC
already have reached a new ATH before halving
Over $120m of
#bitcoin
was withdrawn from exchanges yesterday, the second largest withdrawal after Friday in the past month.
Note: These are Large withdrawals of $1M - $10M
#ETH
/
#BTC
chart is about to breakout the longest triangle pattern in its history.
It's neither a descending one nor a symmetrical one. As it's pointing more up than down, I'd say it looks more like an ascending one.
During bull markets, you don't sell during these corrections.
General rule of thumb:
-
#Bitcoin
correction between 15-40% - time to buy.
-
#Altcoin
correction between 25-60% - time to buy.
Sentiment is always the opposite of what you should be doing as execution of your trades
Spend sometime with
#Bitcoin
. Learn it, challenge it, and use it. You can assume no government wants you adopting this system in any capacity, and for that reason alone it’s worth consideration by honest, moral and industrious people
Bull markets are great you forget that
#Bitcoin
even exists because of your alt gains
And in bear markets,
You wonder maybe the only real coin really is
#BTC
#StackSats
#Bitcoin
Lower CME Future GAP got filled.
Gaps most of the time tends to get filled sooner or later.
Two gaps above are waiting to get filled as well. One at $27k-$28k & the other one at $34k-$35k.
#BTC
The markets fell from $20K to $15.6K due to the FTX collapse.
We're currently trading at $18K, slightly higher than the low in June.
I understand the bearish thesis, but this is honestly a sign of strength for
#Bitcoin
.
#Bitcoin
Cycle Top in May 2025?
Historically when the 2Monthly Stochastic RSI enters the overbought territory it takes between 12 and 14 months for
#BTC
to find its cycle top.
If history were to repeat this cycle, the top could happen around May 2025.
#Bitcoin
dropped to the $16.8K level after breaking the $19.3K support. If
#BTC
pulls back, we can still use $19.3K as a retest level. If we continue to drop, we're looking at $11K.
#Bitcoin
Next ATH !
Assuming past November low was this cycle bottom for
#BTC
, according to Fibonacci Circles next ATH could be at either:
$217k using the 2.618 Fibonacci circle.
or
$515k using the 3.618 Fibonacci circle.
I think bullish scene will be more likely.
#Ethereum
broke higher low structure. This bounce from the break down is starting to face big resistance in between $1220-$1250 where it is likely to get rejection for downside continuation.
#Bitcoin
is still below the most important resistance level of the $25.2K range. If the next attempt to break it fails to break, the correction could be large.
#Altcoins
$5,100 an
#ETH
not so far away?
#Ethereum
is waking up.
And like in 2020 the same conditions are met:
- Retest of the blue line
- Bull Flag pattern.
- Weekly RSI printed a 1st pic in overbought territory.
Stars seems to be aligned for Ethereum to surge
Waiting game for
#Bitcoin
.
Couldn't break through resistance and
#altcoins
start to drop hard.
If
#Bitcoin
doesn't hold $23.2K, I'm assuming we'll test mid $22K before going anything up.
#Bitcoin
56% Dominance. 🎯
I told you about this target multiple times before.
A potential deviation could still occur but nothing more imo.
#BTC
Dominance is printing a lower high.
A little bit more of patience,
#Altseason2024
is likely to occur.
#Bitcoin
has failed to break above the macro resistance at the $25.3k level to flip the bearish market structure.
As long as we stay above the $21k range, we could still have another attempt to break it.
#Bitcoin
Historical Bullish Pattern
Have you noticed in previous cycles that the monthly candle coming immediately after the one breaking out from the ceiling never closed below it?
The same monthly candle is above the ceiling at the moment.
Probably nothing.
#Bitcoin
Ending Bear Market?
As all "good" things must come to an end, the trend is your friend until it ends.
The most anticipated
#BTC
breakout in 2022-2023 could be playing out, right before our eyes.
#Altcoins
bleeding, while
#Bitcoin
is still consolidating around the highs.
Not the signs you'd want to see. Money rotating from altcoins towards
#Bitcoin
amid fears for tomorrow's FOMC meeting.
I'd stay relatively calm on positions as well. Obvious opportunities will arise
#Bitcoin
| The TD Sequential presents a buy signal on $BTC daily chart.
Watch out for the 200SMA at around $19,300. This level must hold to prevent
#BTC
from dropping further and serve as a rebound zone.
Looking at
#Bitcoin
on the weekly chart, we can see that the $18K levels have been holding for over 5 months. We may be forming a double-bottom scenario and could be testing the $25K levels in the coming weeks.
#Bitcoin
As expected
#BTC
did reached the 78.6% Fibonacci level at $48,700 before Halving.
As this cycle was no different from the previous ones in reaching this level before halving, it won't be no exception for Bitcoin to resume its uptrend after the current correction.
The coming period I'm expecting a lot from the
#Ethereum
ecosystem.
Not only that, but also betting onto new ecosystems like $SEI, $IOTX, $TIA, $W and more.
There's
#Bitcoin
The Stars are aligning.
After the Weekly TF it's the turn of the 10 Days TF Supertrend to flash a Buy signal on
#BTC
!
The higher the Timeframe the more relevant the signal.
Confirmation on the 22nd of March.
#Bitcoin
, broke through crucial $25K and attacking the yearly highs.
On lower timeframes, I'm watching whether $25.9K can sustain today for support.
If it can't, harsh correction might be it.
If we can, $28K-30K is next -> potential shorts.
#Bitcoin
got a decent correction today. The key level to hold is the $29K range, as it is higher low support from ascending channel and the highs from March.
#BTC
Still consolidating inside its Weekly Range, forming a new Lower High lately
But the RSI has a chance at breaking its downtrend this week (red
If $BTC is able to maintain current levels until the 1W Close then the RSI could break its downtrend and invalidate the Bearish
#Bitcoin
has retested the Fib level of $21440 perfectly, and now we will see how it reacts around that level for the next direction it is going to take.
#Bitcoin
doesn't even provide a rally toward $46K.
A retest at the lower boundaries will likely occur, and the range is getting defined between $38-48K.
I've been mentioning this for a long time.
Be ready to buy the dip, as the sentiment will become negative.