Merry Christmas!

Happy New Year!

Time to lock in

Day 7 daily uptrend (confirmed)

Working on a week 1 weekly bullish reversal

Took longer than expected but here we are

Believe the level to watch is around 89.2 - 89.4k, want these levels to hold by Sunday close

Closed above

New weekly uptrend underway

Weekly level is beginning to teeter

Sub 89.2k is not good and would re-enter the previous cluster range

Level needs to hold

*hold by end of week for clarification

We now have a confirmed daily downtrend

Recovery into a new daily uptrend can begin as early as tomorrow

However, we need to hold 89.2k by Sunday night close to save the weekly uptrend

Moved to Friday instead of tomorrow as to when the daily can recovery if we hold > 90k

If we can line up an early innings daily uptrend and early innings weekly uptrend, we probably go through 100k, this is on the table soon

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Just a quick update

Looks like we are trying to print a bullish weekly reversal starting this week

Daily has already been an ongoing 23 day confirmed bullish reversal dating back to Feb 8th which has pretty much been a sideways move

So early weekly reversal + late daily trend usually not a good sign but we might get a brief relief rally for a bit as long as it stays at the current prices and above

As expected, wasn't a good sign

Daily trend is now bearish, currently at day 2. However the overall strength of this trend has been weak which means it will resolve fast.

Weekly trend still shows bullish but that can change soon, we shall see

Very mixed signals going on in this market

Weekly trend is now bullish, just week 1.

Daily trend resolved to the upside, now on day 36. Long daily bullish trends are usually a good sign with maybe just 1 or 2 exceptions, notably pre-covid dump and once in 2022 I believe.

All my prerequisite checklist for bottoms have checked off besides 200 week sma touch

Odds are good we have already been in accumulation phase

Week 3 bullish reversal but the daily is still trying to resolve one way or another, so far we have no idea what it is doing

What we want to see is the daily pattern resolve bullishly while the weekly holds the reversal completely before the market begins trending higher

This is generally how accumulation phases work out, they are usually asynchronous in both weekly and daily trends

We finally have a confirmed daily downtrend

Weekly is still in bullish recovery for now

Very likely we get some sort of realization phase on the daily as the SPX is also in one

The correlation between the 2 should be full restored

If stocks bottom soon I believe BTC will begin the next daily bullish recovery which will be aligned with a weekly recovery, first time both daily and weekly are in recovery since October 2023. Timing is important for this to bottom imo, from now until mid April is required for this to happen

Locking in will be needed soon

Daily and weekly both in recovery 👀, pivot was at 66,800 I believe

But let's see how Monday US opens

Happy Easter!

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