$BTC

This breakout weekly candle looks identical to the breakouts of April 2019 & January 2023 🤔

$BTC 1D chart

I'm still skeptical of this pump because we didn't hit the CVDD, even missed the Realized price and the timing is off.
👉 However, I will have to turn 100% bullish on December 1st.

Until then I'm gonna watch, maybe we'll just print a Higher Low in the next 2 months and break out of this giant inverse Head&Shoulders in December-January 📈

$BTC is testing the 50-Week MA 👀

Back in November we broke below this MA confirming the Bear Market.
Now we’re testing it, as we always do in the beginning of a 3-year Bull Market

I’m expecting a rejection here and a 10-15% correction.
Bears still have enough time to fight back 👊

$ARB $OP $SEI $APT printing Bull Divs on the Weekly 👀

Pay attention to $JUP here as it's trying to break out of the Triangle 👀

POC @ $0.5 is an easy mid-term target

So, $BTC broke above the Short-Term Holder Realized Price. And it’s different from the May’s fake breakout/bull trap.

This time it’s a clear bullish breakout, similar to the one we had in January 2023 🤔

The only time in history when a Bullish Breakout above the Realized Short-Term Holder Price at the start of a new Bull Cycle fully retraced was in the Summer of 2015 🧐

2015 Bullish Breakout Zoomed in

The first attempt failed. Full retrace ❌

In 2015 $BTC had a similar bullish breakout above the 21-Week EMA, but was rejected by the 50-Week MA 🔨

The pump got fully retraced and on Bitfinex $BTC even made a new Low 🤷‍♂️

It doesn’t have to repeat the 2015 price action, $BTC was obviously smaller and less liquid back then, but this is something to consider.

Watch the 50-Week MA closely!

The 50-Week MA rejected the price 🤷‍♂️

$BTC

It’s hard to be a bear (expect new lows) when $BTC prints a monthly candle like this

$BTC 1M chart update

Bears tried their best, but were only able to sweep the February low in June-July. So pathetic

Now take a look at what Bulls did in August -> closed the monthly candle above the EMA9 & EMA21! That's impressive