$RVN update

Target 1 hit 🎯 ✅

+35% profit gained

#Bitcoin Cycle Analysis

#Bitcoin Cycle Analysis

TL;DR: Beware of a Shakeout that’s coming!


I see the bulls are euphoric as #BTC spent one month trading above $32k.

But just when everyone gets super bullish, the market slaps them in the face 👋

I think soon we'll have a fairly significant pullback. Why? 👇

Let’s compare all 3 cycles:
⬛️ Black - post 2012 halving Cycle
🟦 Blue - post 2016 halving Cycle
🟥 Red - post 2020 halving Cycle

As you can see, #BTC tops out and bottoms around the same time in cycle.

After the Bear Market Bottom (Accumulation phase) we have a similar Relief Rally 📈

Then a long and boring Correction follows (Cooling off phase, re-accumulation)

Then we break out violently to the upside again (+82% in 2016, +63% in 2020. Now we're up +54% so far).

📌 Interestingly, this pump usually occurs 1250-1270 days after the #Halving. I call it the Pre-halving Rally.
Those who didn’t expect this pump start to feel serious FOMO, because now everyone’s screaming that this is THE Bull Run, ‘THE HALVING IS COMING BRO’


And just when everyone turns bullish, the market slaps hard! 👋
-40% in 2016 & crazy -63% in 2020. We are yet to find out how hard the market will slap the late bulls this time. I think it can be something between -35-45% 📉

I call it the Ultimate Shakeout before THE BULL RUN 🚀

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$METIS Macro update

Missed my Buy Zone 2 by $0.4 😂

Regained a very important horizontal (purple 1.618)
566 Days of Accumulation!
Targets remain.

My average buy price is $14 (70% invested)
If $METIS dips into my Buy Zone 2 next year I’ll add to my position there (30%)

$IOTA finally pumping! 🚀

It was a textbook retest of the breakout zone 👌

+28% profit gained so far

$IOTA reached my target ✅

Easy +46% profit for you guys!

Enjoy

$ETH Macro chart

I think $ETH is completing a Leading Diagonal Formation, which means we should have a third higher high (5) and then crash 📉

💡 IMO the low is in ($880), but a higher low is coming.

Comparing the two cycles we’ve had so far, I come to the conclusion that the cycle structure is repeating again.

Watch this: 👇

🏁 Higher high on price & lower higher on RSI - Bearish Divergence. $ETH tops out.

🔴 Dead Cat Bounce between 0.5-0.786 Fib before the main phase of the Bear Market
🔵 Relief Rally (correction of the entire downtrend)
🟢 Bull Trap before the Ultimate Shakeout

I believe that relatively soon $ETH should go below $1600 and establish a higher low. Once it’s done we can have a spectacular rally 📈


❓ What about the Bull Market Top target?

No doubts #Ethereum will break its $4.8k ATH.

In 2021 $ETH peaked exactly at 1.414 Fib 👌

I think in 2024-2025 $ETH will top out somewhere between 1.272-1.414 Fib: $7700-9900 🏁

$HFT update

3 weeks have passed since the Big unlock and there’s no bearish reaction yet.

Moreover, the price regained the S/R level and broke the Feb-Nov downtrend 📈 👀

💡 I think $HFT can have a good rally (+40-80%) in the next few weeks (if #BTC behaves) but after that I expect it to visit my Macro Buy Zone.

Bullish scenario is valid as long as the price stays above the S/R level

#Bitcoin Monthly Levels

Another strong monthly close! Broke $35k

Now we face another monthly resistance - $39k

$39k acted as support for 4 months in 2022 (January-February-March-April)! And now it’s the 0.618 Fib level (log fib)

Next strong monthly level is $46k. It acted as resistance during the same 4 months last year.
🚩 If #BTC reaches $45k I will sell some of my spot #BTC that I bought last year at $16k.

IMO this is definitely not the time to buy #Bitcoin 🙅‍♂️
💡 If we consolidate here for at least another month (or even reach the $46k level) #Alts will rally. I would forget about $BTC here and look for bullish setups on #Alts.

$CELO update

I'm still bullish on it!

Breakout -> Retest -> Continuation 📈

🎯 T1 - $0.73

$EGLD prints a nice Symmetrical Triangle on the 4h 👀

I think it’s gonna break out soon 📈

T1 - $52.6
T2 - $56.5
T3 - $61.5


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$CRV 2D update

So far so good. Plan remains

I think $CRV is gearing up for a leg up 📈

Bullish as long as it stays above the green horizontal

Here we go 📈

$EGLD broke out as expected 🤝

$EGLD first target hit ✅

+34% profit gained with 2x leverage so far 😉

$ALGO/BTC 1W chart

Is this the bottom? 👀

Anyway, I like this massive Bullish Divergence on RSI

I think $ALGO can bounce to 1-2-3 in the medium term 📈

I still hold most of my $ALGO that I bought back in October

There we go! $FXS 🚀

First target reached ✅

+27% profit gained so far

#BTC mempool is more congested than at the peak of the 2017 Bull Run 👀👀


📌 ’The mempool is where all the valid transactions wait to be confirmed by the Bitcoin network. A high mempool size indicates more network traffic which will result in longer average confirmation time and higher priority fees.’

#Bitcoin 6M chart

Bull Market Top 6M closings have always acted as a Magnet for the price and at the same time Formidable Resistance 🔨

Looks like $46k is imminent.

Once that level is hit we can expect a substantial pullback 📉

Recommend you to pay attention to $BAL here 👀

I think $BAL should regain $4.3 level soon and then pump higher

Accumulation -> Manipulation -> Expansion 📈

🎯 Target 1 - $8
🎯 Target 2 - $10.5


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Meanwhile $BAL/BTC weekly chart looks like this 👀

Looks ready to bounce