#goat/usdt is consolidating inside the falling wedge formation on the 3D timeframeπββοΈ
Market showing early recovery signsβοΈ
Market showing early recovery signsβοΈ
β€4
#ray/usdt has recently broken out of the falling wedge on the 3D chartπ
More upside is expectedπ
More upside is expectedπ
β€6
Hunter Wolves | Crypto πΊ
#Bitcoin Puell Multiple update Those Bear Divs did a pretty good job: #BTC fell from $107k to $60k π So is that enough to call it the end of the bear market? No! π The Puell Multiple has to dip into its green bottoming zone π Another major drop is inevitableβ¦
Every bear market the Puell Multiple dips into the green bottoming zone
That always corresponds to the #BTC bear market bottom
Weβre not there yet. Be patient π
That always corresponds to the #BTC bear market bottom
Weβre not there yet. Be patient π
β€10π―2
#theta/usdt is facing the upper border of the descending channel formation on the daily chartπ
Time to break outπ
Time to break outπ
β€2π―2
#manta/usdt is about to break out from the falling wedge formation on the 3D chartπ
Time to push higherπ
Time to push higherπ
π³3π―2
Hunter Wolves | Crypto πΊ
Every bear market the Puell Multiple dips into the green bottoming zone That always corresponds to the #BTC bear market bottom Weβre not there yet. Be patient π
'The Puell Multiple didnβt top in the red zone, so it might not bottom in the green zone'
π That's such a wrong take, no wonder 90% of people missed the Cycle Top thinking it would get to the levels seen in 2013 or 2017.
π Each cycle the indicator prints a LOWER HIGH and $BTC shows diminishing returns
π That's such a wrong take, no wonder 90% of people missed the Cycle Top thinking it would get to the levels seen in 2013 or 2017.
π Each cycle the indicator prints a LOWER HIGH and $BTC shows diminishing returns
β€6π―2
#city/usdt is on the verge of breaking out of the descending channel pattern on the 3D timeframeπ
Time to push higherβοΈ
Time to push higherβοΈ
β€3π―2
#icp/usdt has found support at the lower border of the descending channel formation on the weekly timeframeπββοΈ
Bullishπ
Bullishπ
β€3π―1
#BTC
Bullish weekly MACD cross is a very misleading signal, especially in a Bear Market
In the 2022 Bear Market we had 2 bullish MACD crosses:
1. March 2022 (led to a -62% meltdown)
2. August 2022 (led to a -35% final capitulation)
In other words, a bullish weekly MACD cross is a classic Bull Trap in a Bear Market π
Bullish weekly MACD cross is a very misleading signal, especially in a Bear Market
In the 2022 Bear Market we had 2 bullish MACD crosses:
1. March 2022 (led to a -62% meltdown)
2. August 2022 (led to a -35% final capitulation)
In other words, a bullish weekly MACD cross is a classic Bull Trap in a Bear Market π
π8π―1
#shib/usdt is attempting to bounce from the support zone inside the falling wedge formation on the 3D timeframeπ§
Looking for a riseπ
Looking for a riseπ
π―3β€1
#render/usdt is crossing the upper border of the falling wedge on the weekly chartπ§
Bullish mode is onπ
Bullish mode is onπ
π―3π³2
Hunter Wolves | Crypto πΊ
π‘ Another on-chain indicator I'm keeping an eye on is the NUPL Clearly $60k is not the Bear Market bottom. $BTC is going much lower this year π This short-term rally (barely noticeable on this chart lol) changes absolutely nothing. Mid term looks reallyβ¦
β 'NUPL didn't hit the red topping zone and the top was in, so why should it reach the bottoming zone now?'
Well, the NUPL wasn't supposed to hit the red Euphoria/Greed Zone this cycle. See that red Resistance line?
Each cycle the indicator prints a LOWER HIGH for the Cycle Top and a Higher Low for the Bottom
Well, the NUPL wasn't supposed to hit the red Euphoria/Greed Zone this cycle. See that red Resistance line?
Each cycle the indicator prints a LOWER HIGH for the Cycle Top and a Higher Low for the Bottom
β€6π4