Founder of @decoinstructed | Hodler of fundamentals, gambler at times.
Joined November 2020
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This is why they say $BTC is king.
▫️Here are some notes:
- $BTCUSD is still intact and strong against multiple indicators.
- $BTC.D has just flipped a key HTF MID level—indicating further pain; a Pain Climax scenario that could force me to change my view on Q1 of this year.
- $ETH & $ETHBTC tickers are the weakest major tickers, hence the altcoin bloodbath.
- The $BTC uptrend will likely continue for few more weeks/months before liquidity starts rotating back into alts.
- Summer/Q2 going to be a decisive period and probably the most stressful period of all. I still think bear market hits this summer (by Q3, market will, likely, have topped).
My personal approach hasn’t changed; focus on $BTC and always take profits on the first few Xs on any shitter that moves.
Lastly, there’s a rumor that’s awaiting confirmation: the recent meme-mania was the ‘altseason’ of this cycle.
Note: take everything I’ve just said with a pinch of salt. I ain’t no prophet.
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Aged like fine wine.
This is why they say $BTC is king.
▫️Here are some notes:
- $BTCUSD is still intact and strong against multiple indicators.
- $BTC.D has just flipped a key HTF MID level—indicating further pain; a Pain Climax scenario that could force me to change my view on Q1 of this year.
- $ETH & $ETHBTC tickers are the weakest major tickers, hence the altcoin bloodbath.
- The $BTC uptrend will likely continue for few more weeks/months before liquidity starts rotating back into alts.
- Summer/Q2 going to be a decisive period and probably the most stressful period of all. I still think bear market hits this summer (by Q3, market will, likely, have topped).
My personal approach hasn’t changed; focus on $BTC and always take profits on the first few Xs on any shitter that moves.
Lastly, there’s a rumor that’s awaiting confirmation: the recent meme-mania was the ‘altseason’ of this cycle.
Note: take everything I’ve just said with a pinch of salt. I ain’t no prophet.
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Some ideas I have, perfectly aligned with my previous takes on the market during the past months.
1) BTCUSD is yet to find its top despite BTC.D recent decline, will cover that chart separately later on. What’s key now is closing July above the $110K mark.
2) ETHBTC looks bottomed as we’re now trading above June highs. Now approaching a key resistance level; how it reacts will help us gauge current momentum.
3) ETHUSD is yet to follow BTC and go price discovery with key obstacles in the way, the $4K one being the most crucial.
Lastly, I’ll try my best to keep you updated after the recent hiatus. Thanks for the messages and concerns you’ve shown.
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BTC bulls still got a lot of work to do.
It ain’t over yet.
“In other words, the $80K-ish area is the lowest support I am willing to compromise for now.”
Not the cleanest shot, but clean enough to keep you out of doom-callers’ harm’s way.
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“In other words, the $80K-ish area is the lowest support I am willing to compromise for now.”
Not the cleanest shot, but clean enough to keep you out of doom-callers’ harm’s way.
$BTC forming up a double top on the weekly.
My bias remains unchanged—that key box is the fuel for the next run up toward those highs again.
Failing to hold that zone would send us to test a key critical cycle support marked by that yellow. Oscillators look quite oversold and such move would be devastating.
In other words, the $80K-ish area is the lowest support I am willing to compromise for now. The yellow better not play liquidity magnet just yet.
The bounce is near.. HODL ON.
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BTC, now and then.
Call the pullback, map where it bounces back up, then project upside extension.
Yours truly.
$BTC forming up a double top on the weekly.
My bias remains unchanged—that key box is the fuel for the next run up toward those highs again.
Failing to hold that zone would send us to test a key critical cycle support marked by that yellow. Oscillators look quite oversold and such move would be devastating.
In other words, the $80K-ish area is the lowest support I am willing to compromise for now. The yellow better not play liquidity magnet just yet.
The bounce is near.. HODL ON.
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ETHBTC UPDATE
April highs=retest, support established.
Reclaim HTF EMAs then up from there.
Seems like ETHBTC has finally found its footing.
Nothing’s decided until those HTF EMAs are reclaimed as support again.
Only things I am watching now are those April highs (in red) and the EMAs.
PS: Add the free indicator to your chart and choose the ranges you want plotted.
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That box had enough sidelined liquidity in it that the current move is just so strong.
Do we reject or break through?
Let’s see.
$BTC forming up a double top on the weekly.
My bias remains unchanged—that key box is the fuel for the next run up toward those highs again.
Failing to hold that zone would send us to test a key critical cycle support marked by that yellow. Oscillators look quite oversold and such move would be devastating.
In other words, the $80K-ish area is the lowest support I am willing to compromise for now. The yellow better not play liquidity magnet just yet.
The bounce is near.. HODL ON.
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All eyez on me.👀
Played out perfectly.
Now back at resistance after flipping those April highs.
Those April high could fuel enough momentum to flip that double top resistance as HTF EMAs are also support again.
Interesting summer ahead.
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ADABTC then and now.
Added the quarterly range highs and lows making perfectly aligned with the resistance we had mapped out end of 2024.
This chart is great for tracking the coming altseason.
$ADABTC one last flush before the mania..
Acceptance above that resistance means the mania starts.
Although trendlines are subjective, look for that yellow as a valid top target until invalidated.
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