Sykodelicc

vip
Age 1.3 Yıl
Peak Tier 0
No content yet
Another record low here on Bitcoin.
And its a big one.
This is the Ultimate Oscillator.
It measures price momentum across the 7, 14, and 28 day periods. It is a more reliable aggregation than just viewing singular periods.
We can see here that the Ultimate Oscillator has reached the same record low as the bottom in 2015.
The oscillator is now lower than every other bottom in every bear market.
And its happened after only 5 months and 50% down.
It doesn't mean massively up straight away... but what it does show us is thatm just like every other cycle at this point...
Other than a sweeping lower
BTC6,2%
post-image
  • Reward
  • Comment
  • Repost
  • Share
This is probably the most bullish thing anyone in power has ever said about Crypto.
And it’s the sitting American president.
The most powerful man in the world.
Bitcoin was at $69,000 just over 4 years ago with the whole system against it.
Bitcoin is currently at $68,000 with the system pushing for it.
Once these grey areas of regulation are cleared and the vehicles for true TrafdFi money to roll in…
You better hope you are allocated.
Crypto is only a $2.5tn industry. That is smaller than the top 5 companies in the world.
Even if you’re bearish on its ability… it’s gonna 4x at least.
The C
BTC6,2%
  • Reward
  • 1
  • Repost
  • Share
ybaservip:
To The Moon 🌕
We have a 700 day altcoin bull market ahead of us.
At least, that is what the entire chart history tells us.
This is again a tale of how everyone thinks we are in a 2022 situation.
We can see here again, very clearly, that when:
- PMI breaks into expansion
- 1M Stochastic has turned up
- OTHERS.D breaks trend
That OTHERS begins its true bull cycle.
The red dots signal cycle tops, when parabolic runs have happened and PMI has been expanding for at least 18 months.
Alts have bottomed against the market and the best is yet to come, not the worst.
  • Reward
  • Comment
  • Repost
  • Share
The pieces are starting to fall.
I have been speaking about the GOLD to BTC rotation for a while and everyone has just been laughing at it.
GOLD has had its strongest run in its history, adding $26tn to its market cap over a two year parabolic advance.
And whilst its been peaking, BTC has been dropping hard, making it impossible to see a positive future for Bitcoin.
But the size of the run and the several month divergence of the two is irrelevant in rotation terms... the rotation is all about market conditions.
I've shared a few charts on this, but here is another one that I have kept as simpl
BTC6,2%
post-image
  • Reward
  • Comment
  • Repost
  • Share
Long term holders are bidding heavily again.
Throughout this and the previous cycle, every time they have sold off heavily, then begin to buy like this again, it has either marked the bottom, or the bottom has come in not long after.
You can see in 2021 after the may sell off they bidded hard. Then at the actual top, didn't sell off.
I'm not sure why that is, maybe fomo? But who knows.
But what we do know is that each time this has happened to this degree, Bitcoin has rallied almost 100% afterwards.
Long term holders are solid indicator of market moves when they sell a lot then buy alot.
BTC6,2%
post-image
  • Reward
  • Comment
  • Repost
  • Share
This is a healthy rally.
Price pushing higher with...
- OI interest pushing but with negative funding(shorts apeing as we move higher)
- Spot volume driving the rally
This is what happens at the bottoming areas.
Everyone is so bearish, feels so bearish and has gotten used to down only that they short every pump expecting it to just drop again.
And what is perceived as very negative news almost always marks the bottom, because traders cant understand how prices could go higher when everything is apparently so bad.
I'm not saying we wont test lower again, we have our key levels set.
But the long
  • Reward
  • Comment
  • Repost
  • Share
The confluence for a full scale market reversal keep adding up by the day.
I am giving you seriously in depth pieces of data here over and over.
This would be impossible without the data actually saying what it does.
Here we have the Software ETF $IGV.
This has been shared around as an index that is leading BTC, or something that BTC is following.
And you cannot deny how close they are moving together.
With that in mind, its worthwhile analysing $IGV here and comparing BTC.
From here, $IGV looks heavily oversold whilst maintaining its HTF structure, looking to undergo a running flat pattern re
BTC6,2%
post-image
  • Reward
  • Comment
  • Repost
  • Share
Another massive piece of confluence.
OIL just gapped up 11%... the largest gap ever, and broke its almost 4 year downtrend.
And when we compare Bitcoin, OIL, and PMI, we see a striking correlation.
They all move in absolute lock step.
It is not a surprise that OIL performs well in times of ISM/economic expansion.
And I just don't understand why everyone is fading it so hard.
All the pieces of the puzzle are forming into their places at the exact same time.
We can see here that in the previous cycles, when OIL breaks out its trend, Bitcoin has pushed for 500 - 600 days.
And OIL continues to pus
BTC6,2%
post-image
  • Reward
  • Comment
  • Repost
  • Share
We keep it simple.
Bitcoin is in a range, and ranging is the best for trading.
I'm only interested in looking for longs and shorts at key levels here.
HTF I think we move higher this month, but LTF we can go about it any number of ways.
Not in any trade right now.
Waiting for some movement this week.
Best you can do when Bitcoin is doing this is chill out.
Don't get bearish on drops and bullish on small pumps... wait for key levels and see how things form.
Otherwise you will just be pulling your hair out every day.
BTC6,2%
post-image
  • Reward
  • Comment
  • Repost
  • Share
Is Bitcoin about to start the foundations of a parabolic run...
Just like Gold has done?
Well, right now, Bitcoin is looking strikingly similar to how Gold looked before it moved 300%.
We have:
- Two peaks
- A drop below the 50EMA
- A drop below the previous low
- A consolidation below that low
This is an expanded flat pattern, and Bitcoin is currently following to a tee. Gold consolidated within the deviation for 55 days, we are at 27 days.
It is one of the most deceptive patterns, because the deviation below the previous low is a massive bear trap.
It convinces everyone its weak, before trap
BTC6,2%
post-image
  • Reward
  • Comment
  • Repost
  • Share
We have a very healthy move happening here.
1. Price up
2. Spot buying pushing it
3. Open interest down
4. Funding deep negative
5. Coinbase premium green
I have also highlighted a move up that happened before, and you can see the differences.
This is a very healthy bottom and push higher.
Of course, we could still get some chop and take some liquidity below...
But lots of genuine demand after that Iran warn capitulation drop.
Everything is looking good for a March push higher.
post-image
  • Reward
  • Comment
  • Repost
  • Share
I'm expecting a bullish March.
We have a lot lining up.
- Initial Iran war entrance behind us
- ISM print on the 3rd
- Clarity act circling
And we have held above the lows, regardless of the bad news.
I think we could see a little more chop over the next few days, clear up some liquidity, and then head higher.
We also have a CME gap and a flat top weekly candle at $82k/$84k, and this also lines up with the 1W 50EMA.
I am expecting Q1 to end bullish and have a 30% move to $84k/$86k.
From there we reevaluate for April, but my overall thesis has not changed.
New highs this year and a divergence
post-image
  • Reward
  • Comment
  • Repost
  • Share
Bad news often marks bottoms.
Removing uncertainty always helps markets.
This conflict with Iran has been public knowledge for a long time and most parts of it get priced in.
Don’t be too hasty in making decisions here.
Peak events like this almost always end up having the opposite result of what your emotions tell you.
Let it play out and observe the price action around key areas.
Patience and awareness are required at these moments 🙏🏻
  • Reward
  • Comment
  • Repost
  • Share
Decent drop here from Bitcoin.
Nothing like a bit of War FUD to liquidate people!
Right now we are range trading since the $60k bottom.
When we trade in a range, liquidity builds up.
And although people don't like it happening, the healthiest lows form when the price takes out the lowest levels in a range a sweeps up the liquidity.
You very often see the price take out the lows, lead people into a trap, and deviate back into the range.
If we take out the lows on this range here below $60k it would probably be the most ideal scenario for an anxiety free reversal.
This is because if we do not ta
BTC6,2%
post-image
  • Reward
  • Comment
  • Repost
  • Share
It becomes very clearly when you look at it like this.
We have actually only had two cycles that can be put down as "4 year cycles".
They are: 2014 - 2018 & 2018 - 2022.
2009 - 2014 do not fall into it.
This cycle it is yet to be decided.
So out of 8 years of Bitcoins 16 year life, as of now, only 50% of it can be linked to the "4 year cycle" theory.
However, what is 100% consistent is that every time ISM enters expansion from contraction, it has begun a bull cycle for at least 385 days.
And yet, everyone holds onto the 4 year cycle and discounts the ISM/Business cycle?
Right now, we are clear
post-image
  • Reward
  • Comment
  • Repost
  • Share
March is lining up to be very volatile.
And I think it will be for the bulls.
Upcoming early March we have:
- Clarity Act deadline
- Iran conflict resolution one way or another
- Higher ISM print
- New lunar cycle
I am currently in a long trade from these levels $65,500 with very tight stops.
I think there is a high chance we will be leaving this range early March, and the below levels on the chart are key to watch for.
I could totally see an escalation in Iran conflict that dumps us to $61,000, or even sweep the lows, that then marks the bottom as ISM prints.
The last time Iran escalated it m
BTC6,2%
post-image
  • Reward
  • Comment
  • Repost
  • Share
There we go.
Thank you, New York Times.
The perfect top and bottom signal.
Send it.
post-image
  • Reward
  • Comment
  • Repost
  • Share
Everybody needs to see this chart.
If you are struggling to understand my thesis...
This is another simple and effective chart that tells a very broad macro picture, all in one.
its probably one of the best overall macro charts you could see.
What we are looking at here is:
- COPPER
- BITCOIN
- GOLD
- ISM
Now, these 4 charts all tell a very distinct story, but when you put them together, they tell almost everything.
Copper is an asset that signals overall expansion as it is the most used metal in construction and development of all forms, and now, with the added tailwind of AI.
Copper has brok
BTC6,2%
  • Reward
  • Comment
  • Repost
  • Share
This is all one massive psyop.
The market makers have laid the perfect trap out there and everyone is falling for it.
And the crazy thing, what is happening is what always happens...
Its just happening in a different way this cycle that most cant see.
What they have done is use the 4 year cycle to lay the perfect trap, just as the macro cycle is expanding.
They have followed the 4 year cycle for now, and it has convinced everyone it is truly over, right before it gets reversed.
This is the first time in Bitcoins life that the 4 year cycle and the business cycle are diverging, and right now, is
BTC6,2%
post-image
  • Reward
  • Comment
  • Repost
  • Share
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)