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

This Morning Star reversal pattern on the monthly usually marks the beginning of a new Bull Market 📈 🧐

$BTC

💭 People ask me if I'm still bearish or fully bullish now, still expecting new lows or not, etc.

This is my main scenario as long as we stay above the 200-Day MA.

⚠️ If we lose the 200-Day MA in October-November, that will automatically put new lows back on the table

$BTC 1D chart update

So far so good. This chart is valid

Here's what I'm expecting next: a pump to $85-88k by the end of the month and a 2-month correction after that

$ARB +55% so far 👀

$OTHERS 1M chart

Printed a textbook Morning Star reversal pattern 👀

Still facing the EMA50 resistance though, but the way everything is shaping up September could be pretty bullish for #Alts