#BTC is at $43k at an MVRV (on-chain metric) of x1.7

A year ago it was at the same price, at an MVRV of x3.5 with market sentiment at extreme greed
The cost basis has risen significantly in 2021

Moreover, we have a hidden bullish divergence between the MVRV & price

It’s hard to be bearish on #BTC here

So good so far

$LTC broke out as expected 📈😎

It might be a little boring but I think we’ll get to my target

Seems like we are entering stage 3 of the emotional roller coaster resulting from a capitulation driven extended consolidation phase #BTC

While the PA is boring, let me entertain you with some light astrology stuff

Actually, it's been pretty accurate lately 🎯

New Moon -> bearish
Full Moon -> bullish

Yesterday we got the first Full Moon of 2022. Pray for it to save #BTC this time as well 🙏😅😂

#BTC Lighting Network has decently developed over the past 3 years ⚡️📈

I think the current price action is way more similar to the September PA rather than the Summer PA

#BTC

Here's what I'm talking about

This #BTC PA looks very similar to the September's one

I overlaid the fractal and it matched pretty nicely 👌

Flash Crash -> Downward Channel -> Fake Bullish Breakout -> Secondary Bottom/1.618 Fib hit

$FTT is very strong 💪

This slow #BTC bleeding just made $FTT retest the breakout level

And we’re again headed for the target! 🚀🎯

$SKL 👀

It’s getting too tight 😏

This is actually what’s happening right now 📈👀

(Breakout not confirmed yet)

#BTC Daily close is 🔑

Ugly daily close

We're going for the liquidity down below 📉

#BTC

$MATIC #Polygon

Daily candle closed below the critical support confirming the Head & Shoulders
ADX and -Di are trending up

Perfect recipe for a continuation to the downside 📉

🎯 Target 1 is MA200

$1B liquidations arrived. OI’s dropping. Finally

But this is not capitulation yet

#BTC Daily RSI broke the Low of May 2021 👀

We rarely go that low on RSI

The amount of pain is huge (relief rally should be coming)

Update

This is what that ugly #BTC daily close has caused

-16% in just 36 hours 📉

As expected, $MATIC crashed hard 📉

+27% profit gained so far
(1x short)

#BTC #CME

We are very close to the July’s CME Gap

Looks like we’re gonna fill it

Total OI is 14.23B

Still pretty high. Especially Binance OI

The price will continue to fall until it causes a washout

$MATIC hit my second target 🎯 ✅

+33% profit gained
(1x short)

So, are we gonna panic sell #BTC here?

Absolutely not (I’m talking about spot)

I’m not saying we definitely can’t go lower, but selling here is the worst Risk/Reward ratio

S&P500 #SPX

What a recovery! Phenomenal

If we close the daily candle above the EMA200, it will be hilarious (and very bullish)