Bitcoin
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Your favorite guru will likely convince that the next bear market rally is the bull market again.
Meanwhile, we stay patient.
$BTC My macro view of the bottoming process around AVWAP from the Covid low. It will take time. Once the bottom is in, the upside move will be violent. $100K will come a lot faster than most think.
#Bitcoin Cycle Bottom
Forget the noise.
The 2-week LMACD has confirmed every major #BTC bottom.
Until the bullish crossover happens, the bottom remains unconfirmed.
Patience.
Bitcoin.
Many will be exhausted simply by the chop.
Then give up.
And then FOMO back in when we print weekly +30% candles again.
Year after year, it's the same game.
I was obviously wrong on "sell all risk assets" as equities continue to pump
bearish stance on crypto hasn't changed though, this limp-dick short-squeeze equities-correlation pump doesn't phase me, although we ARE obviously and unequivocally closer to the bottom than top, both time and price wise
scenario where current compression being a bottoming formation at 60-80k is possible, would look for deviation below to get eaten up before bidding or simply price not being able to even breach 60s whilst sellers momentum continues to decrease over the summer
a slightly more likely scenario for me is still expansion under it towards final bottom [40-50k] where the bid is so obvious you have to be mentally ill to fail execution
either way, both scenarios will be very easy to execute on and if you've managed to survive last ~7 months the play here is crystal clear
I do think soon will be the time to strap in, similar to January 2023
future is always bright and full of opportunities
Recommended analysis about crypto capo
In my opinion the major alpha in the market is counter trade him
It’s institutional psyops to manipulate retail
This mechanism described by Sosuke is what allows it to happen
By the way, buckle up 🆙
One month ago I did this watchlist to check memes performance intuitively
1k each coin was the starting line
This is how it looks now
(Will keep updating)
Alpha insights for myself📝
I think the criteria tradfi funds are using in order to invest in memes it’s the top 20 ranking
Any meme that enters the top 20 will enter escape velocity
Like a turbo rally from there as a result of billions being deployed
Any future meme entering that position will have the next turbo rally
Much more than any listing in any exchange
Think about that basically like being listed in the major exchange in the world, Wall Street
Most likely next candidates: $WIF and $BONK
But now let’s enjoy $PEPE turbo rally
I like how $BRETT moves a couple weeks later than $PEPE
But would like to see a biggest movement in terms of $BRETT / $PEPE pair in order to consider it a leverage trade on Pepe