"ONE FINAL SWEEP & ONE FINAL SHAKEOUT!"
This is what I keep reading here but I have to strongly disagree
In this thread 🧵 I'll go over why any move for #Bitcoin from here will be detrimental & why it's either gonna become a HTF distribution or re-accumulation
1/15👇
This is what I keep reading here but I have to strongly disagree
In this thread 🧵 I'll go over why any move for #Bitcoin from here will be detrimental & why it's either gonna become a HTF distribution or re-accumulation
1/15👇
#BTC since 2022 has been mainly defined by these three major ranges with a mini one in between at 40K
The current one takes 192 days, compared to the 220 days between 25-31K & 276 days of the bottoming one
The current one takes 192 days, compared to the 220 days between 25-31K & 276 days of the bottoming one
To contextualize things and put them into perspective
The topping range in Q1-Q2 2021 took about 97 days & the top range in 2019 took about 96 days
This makes the current being twice as long as those topping ones
The topping range in Q1-Q2 2021 took about 97 days & the top range in 2019 took about 96 days
This makes the current being twice as long as those topping ones
The top range after the 2013 bull market took about 130 days
The current one is even 63 days longer
Each range takes a slightly different form PA wise but they are all more or less clear ranges
The current one is even 63 days longer
Each range takes a slightly different form PA wise but they are all more or less clear ranges
Where am I going with this?
There are key elements to market structure, ranges & general price behavior
The length of certain ranges does matter, because the longer it is, the bigger the exchange of coins happens there
5/
There are key elements to market structure, ranges & general price behavior
The length of certain ranges does matter, because the longer it is, the bigger the exchange of coins happens there
5/
I keep hearing from people that we need something like a "final shakeout" or "one last leg lower" but we need none of that and the implications of such a thing would change the HTF market dynamics
Lots of people wishing for 43K but if we're to get it now, this range would become distributive & bear market would begin
Similarly to what I posted at 27K, just slightly higher than previously anticipated
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Similarly to what I posted at 27K, just slightly higher than previously anticipated
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That's the reason why I was giving examples of times in the ranges at the start. Because a breakdown of the longest one at the top would confirm a distribution
Hence anyone telling you about lower prices & then a bull market, clearly don't understand market dynamics
Hence anyone telling you about lower prices & then a bull market, clearly don't understand market dynamics
Those wishing to buy lower would get to buy way way lower, than they say... Be careful what you wish for
Lots of people will laugh at the use of EMAs, they certainly are robbing themselves and I learned the use of them as another confluence over the years
Lots of people will laugh at the use of EMAs, they certainly are robbing themselves and I learned the use of them as another confluence over the years
When you get a breakdown & retest from 200, it cannot break lower otherwise you have a HTF trend change
It must turn out to be a deviation. A pre bull market fakeout
The retest of range low must hold & the lowest the current one can go is the wick low & sweep. No breakdown
10/
It must turn out to be a deviation. A pre bull market fakeout
The retest of range low must hold & the lowest the current one can go is the wick low & sweep. No breakdown
10/
Obviously context, phase of the cycle, and all of this matters each time but as you can see, such level is not to be taken lightly and the current one MUST break upwards
Any break lower begins a new bear market
We are at a danger zone
Any break lower begins a new bear market
We are at a danger zone
The other scenario and the one I still believe we are at though is that we are in a HTF re-accumulation and a "handle" formation of the past 4 years of the large Cup & Handle
Similar to the one I was informing about with #GOLD that is currently playing out ✍️
Similar to the one I was informing about with #GOLD that is currently playing out ✍️
We are in extreme fear in the market & the current drop we had yesterday felt worse than the one in August which had even the price lower
But let's not sugar coat it.. We are in a danger area, on a thin ice & level to hold
But let's not sugar coat it.. We are in a danger area, on a thin ice & level to hold
In any case, whichever direction the market chooses, the breakout will be telling & lasting probably the same amount of time
This means 6 months+ of the range will lead to 6+ months of the direction of the breakout
Buying a breakdown is a losing strategy imo
15/
This means 6 months+ of the range will lead to 6+ months of the direction of the breakout
Buying a breakdown is a losing strategy imo
15/
I felt like trying to help everyone here for free at these incredibly challenging times but if you wanna know more I'm releasing a premium Newsletter every single Monday
People say the value in it far outweighs the price, make sure to check it out 🤝👇
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People say the value in it far outweighs the price, make sure to check it out 🤝👇
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Other than that, you can catch me in the premium BB discord for more everyday alpha (link in bio) or Mon/Thursday on YouTube for free for those who prefer video charting & listening to my Eastern European accent haha
If you found the thread helpful, any Reposts on it are very welcomed as it is the main feature that helps the content grow and reach more people in need 🙏
Any comments whether of gratitude or logical disagreement are also welcomed 🙌
Have a nice day
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Any comments whether of gratitude or logical disagreement are also welcomed 🙌
Have a nice day
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