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DSC Community Call is happening in 5 days
Pump from support - DONT CHASE THE GREEN CANDLES!
Peace fam, we are seeing a pump from support with the candles running into the 50 day ema (orange line) on the charts. Please dont chase green candles wait for the red candles to fall and find support then consider entries We are still barely above the 236 on the golden ratio. Patience pays in this space. Also until we break above resistance at 71-72k we are not in a confirmed uptrend
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Pump from support - DONT CHASE THE GREEN CANDLES!
If History Rhymes we could see a 30-36k BTC
In every previous bear market the price of BTC has dropped between 70-80% Right now we have dropped about 52% Slide 1 bear market from Nov 2013 to April 2016 85% decrease Slide 2 Following Bull market 8/15 - 12/17 11000% increase Slide 3 Bear Market 12/17 - 11/18 84.32% decrease Slide 4 Bull Market 10/18 - 11/21 2023% increase Slide 5 Bear Market 11/21 - 11/22 77.37% decrease Slide 6 Bull Market 11/22 - 10/25 753% increase Slide 7 Bear Market Projection 74% ( I chose this as an average of previous drawdowns in the bear) Slide 8 - THIS IS THE LAST SUPPORT - yellow arrow is the last support on the trendline and the SMA green arrow is where BTC is likely to go if it breaks this support All this is shared for analysis of previous cycles. So lets remember the upsides are massive once we find the bottom. Please remember that these markets have historically turned around and the bear markets are temporary. Dont put in more than you can lose, and minimize risk exposure with leverage. Sometimes the best trade is no trade. If you are hurting rn please do whats necessary to take care of yourself. If you have been overexposed risk wise please dont revenge trade. I know Ive been there. Wait for a bottom and a reversal before longing anything. We are in the bear act accordingly. None of this Fincancial Advice
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If History Rhymes we could see a 30-36k BTC
BTC/GOLD with a 4 hr buy signal
BTC/GOLD with a 4 hr buy on UT bot alerts and supertrend strategy and just below the 236 on the fibs. This could mean gold profits start flowing into BTC. Especially with how much gold and silver have been running. Looking at these assets in correlation to each other can be very helpful
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BTC/GOLD with a 4 hr buy signal
BTC with a weekly sell
BTC minted a weekly sell - the buy signal held from from 1/2023 when BTC was at 21k. Feels quite bearish at the moment next levels to look at are 90780, 83440, 73972 If BTC breaks 72kish Im expecting a correction to 54k. I think we will see a relief rally soon and then it will form a lower high and then we are in for a discharge into a bear. Now thats the TA side on the FA side - the world is freaking crazy rn and so much is coming to light. We know that BTC is currently the digital gold - how much is being funneling into ZCASH thought? Is BTC time over? I dont believe it is - this feels like a forced push to drive prices down to scoop as much up as possible. Which could then lead to a re-ignition of an upward rally. So is the Bull run finished and is it time to short? To me its kind of looking that way. But remember this is just my opinion and I have been wrong before. Im personally waiting to hear about the interest rates. The cycle is no longer what it was and over the long term investing in BTC has been the best performing asset and we all know where the financial system is going. There is so much money and systems being built around this. It feels like another liquidity suck to me. How long will it last though?
BTC with a weekly sell
Remember these levels?
We are at critical support with BTC with a sell on the weekly - this looks like it could turn very bearish unless it holds here - what we could see - a flash crash down to the light blue 100 day ema and then a wick on the weekly touching it but closing back above the red support line. If instead a full candle closes below that red support line the market is cooked and most likely moving bear
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Remember these levels?
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