And bouncing

#BTC
Some considerations on possible bottom as in July.
Market conditions are different as explained in my pinned thread, fed was dovish , we were coming out of the third covid wave, we had no war and inflation skyrocketed.

We are in the middle of a restrictive monetary policy, therefore no more money printed that enter in the market for support buy pressure/ask. It will take several months, maybe years before to see macro structures of bottoming out specially for #altcoin.

Well a clear reaction at 33k as imagined.

It will be a psychologically exhausting 2022. Only accumulate as much BTC as you can below 30k

Expecting bullish February as stated many times. We will see new low. Move accordingly that we are in bear trend, and a bounce is equivalent to a retracement, until bear trend is invalidated with multiple higher higs.

These six statement from january/february summarize my thought on early 2022, is coming true but this continues to be my macro view. Probably bottom will be longer , we are going to see some relief here at 34k, looks like a local bottom and tomorrow around 15pm utc we are going to bounce again as usual on monday recently.

But btc price will go lower probably a deviation to 26k and eth to 1600$

This is probably one of my favorite chart/TA for me

https://twitter.com/criptopaul/status/1484536846243799041?s=21&t=oGPiXE8JXLno1EFZjupDPA

26-24k for ethereum equals to 1500-1600, where we could see large liquidations and huge short squeeze / deviation, commons fake breakout

Expecting a bounce and some relief today in few hours when Usa stock market will open.

But as said in bear market every bounce is momentary, we continue to see lower lows, its a fact.

Takes time before building a solid support and a total trend reversal o, patience is the key , do not be hasty and emotional.



Even a big bounce between 36-38k would not be a trend reversal at this phase.

https://twitter.com/criptopaul/status/1481304854765129731?s=21&t=qOoxQ7VNar9mlHJw6jR8nQ

How identify a new accumulation phase again and its support. Decrease in volume in an area where buy pressure begins to be good and greater of sell pressure finallu and start of HH and LH on the chart.

Need months.

Noodles indicator... i was waiting for you.

2016/2018/2020/2022

Will history repeat itself?

#Ethereum is behind 10% of #btc  by the chart. It means $eth will recovery of lost ground .

For understand $eth is where $btc was at 33.500$

$Eth has always delay moves like in bull market, first $btc pump then eth will overperform.

This mean ethbtc will dump soon.

Be ready for the worst scenario on eth.

For who didn't understand Luna Lfg 42k btc wallet started to move his funds
(https://bitinfocharts.com/bitcoin/address/bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4q)

And sending 32k to okex, probably to defend the peg for UST