CryptoBullet
#BTC broke the Upward Channel on the weekly. Mid term trend change confirmed ๐
#BTC 1W 2019 v 2023 comparison
- Same Echo Bubble.
- Same Breakout Candle.
- Same 147 days of uptrend until MACD crossed bearish.
Probably nothing
- Same Echo Bubble.
- Same Breakout Candle.
- Same 147 days of uptrend until MACD crossed bearish.
Probably nothing
CryptoBullet
#BTC 1W 2019 v 2023 comparison - Same Echo Bubble. - Same Breakout Candle. - Same 147 days of uptrend until MACD crossed bearish. Probably nothing
In 2019 #BTC rallied 360% and this year we have seen a rally of just 100%. Why? ๐
In 2019 #BTCโs Market Cap was around $70B at the bottom.
In January 2023 #BTCโs Market Cap was $330B.
Feel the difference?
๐ก As an asset gets heavier, more capital is required to move it (diminishing returns). This is why I think we didn't get the same +360% pump, only +100%
In 2019 #BTCโs Market Cap was around $70B at the bottom.
In January 2023 #BTCโs Market Cap was $330B.
Feel the difference?
๐ก As an asset gets heavier, more capital is required to move it (diminishing returns). This is why I think we didn't get the same +360% pump, only +100%
CryptoBullet
Very nice weekly close on the $BTC Dominance! First bearish engulfing candle in a while ๐
Painful breakout on the $BTC Dominance ๐
Yes, thereโs a potential bear div, but itโs not confirmed yet so nothing to talk about
Yes, thereโs a potential bear div, but itโs not confirmed yet so nothing to talk about
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CryptoBullet
Very important 3 days ๐
โก๏ธFederal Reserve keeps interest rates unchanged
Good, but no surprise here
Good, but no surprise here
CryptoBullet
It doesnโt mean #BTC will drop like a rock today or tomorrow I think #BTC will stay above the Key S/R Level for quite some time before breaking it ๐ Hereโs what Iโm expecting: a Dip into the $24-25k area -> strong Bounce (Bull Trap) -> Drop to $20k #Altsโฆ
#BTC 1W update
A Dip into the $24-25k area - done โ
This Key S/R level will hold IMO! Iโm expecting a good bounce from it ๐
A Dip into the $24-25k area - done โ
This Key S/R level will hold IMO! Iโm expecting a good bounce from it ๐
โก๏ธ $10 trillion BlackRock officially files for spot #Bitcoin ETF
Good news. Maybe by 2025 the SEC will approve it lol ๐
Good news. Maybe by 2025 the SEC will approve it lol ๐
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One more #Bitcoin ETF application
This time Bitwise refiles for Bitcoin spot ETF following BlackRock
Are we back in 2018 or what? ๐
This time Bitwise refiles for Bitcoin spot ETF following BlackRock
Are we back in 2018 or what? ๐
CryptoBullet
It doesnโt mean #BTC will drop like a rock today or tomorrow I think #BTC will stay above the Key S/R Level for quite some time before breaking it ๐ Hereโs what Iโm expecting: a Dip into the $24-25k area -> strong Bounce (Bull Trap) -> Drop to $20k #Altsโฆ
This is the initial post โ๏ธ
Back in May I predicted the dip into the 24-25k area and a Strong Bounce weโre having right now ๐
For now there's no bearish confirmation, so I'm in no rush to go short. I need to see a bearish confirmation first
Back in May I predicted the dip into the 24-25k area and a Strong Bounce weโre having right now ๐
For now there's no bearish confirmation, so I'm in no rush to go short. I need to see a bearish confirmation first