#Bitcoin โ What's Next?
The Big Sunday Report: All We Need to Know
๐ฉ TA / LCA / Psychological Breakdown:
This is a small Sunday report and should give you more understanding of my point of view rather than an actual BTC analysis, it tells you why I am buying. Everyone Wants to Time the Exact Bottom. Many are talking about the strength in July and they mention it due to the midterms, and many, or let's say most, are arguing that in August and September the market will see a stronger correction to new lows. Some are speaking about 44k, others about 48k, and every single one of them wants to time the exact bottom. This is exactly the mistake I keep warning about. While they debate numbers, I consider the range of 64-54k as a great entry region for DCA. It is a range of 15%, and that is great. I will keep repeating it as many times as needed: I am actively accumulating Bitcoin, and my purchases are shared in real time in Premium. Every single purchase, every single DCA I do, is shared in real time in Premium, and for that reason I am not able to disclose my exact entries publicly. But the accumulation has started, and I am looking forward to accumulating more of BTC, ETH, and some altcoins that will be shared in Premium only. Join Premium here: https://t.co/oP8wCPuO9J
Look at the chart. The Buy Region between 54k and 64k is exactly where Bitcoin has been trading, and the MA200 weekly is running straight through the lower part of this zone. Bitcoin tested this region several times, and my argument is simple, and history can proof my point: Buying at , or close at the MA200 Weekly always proved to be profitable! This is the confluence I have been describing since the pivot announcement! So let me repeat, I am not buying daily, I am not buying at the current price, I am buying between 64-54k and each time I do so, the purchase is announced in real time in premium, and my goal is to have a solid average price of the next 1-2 months! This is a mid term accumulation game and we will see the results in 1-2 months!
I will be very straight with you:
Nobody can tell you where the exact Bitcoin bottom will be. Just as I did not claim to know the exact top, I identified the region where the top had to form. I started selling my assets and building my short position through DCA between 115,000 and 125,000. That was a range of roughly 9%. I did not need to catch the exact top, and while building shorts between 115-125k I had an average short entry of 119k! I needed to position myself inside the correct region, and that is exactly what I did. Now I am applying the same strategy in reverse. My accumulation range is between 64,000 and 54,000!
And let me make one thing clear: if Bitcoin bottoms around 54,000 and my long-term average ends up around 58,000, That is a phenomenal entry. People who constantly wait for the exact bottom usually end up buying much higher, or not buying at all. I am not here to gamble on one perfect number. I am here to dominate the range, build a powerful average entry, and position myself before the majority realizes the bottom is already behind us. Everyone who is ignoring this will lose.
Calendar This Week
FOMC meeting on Wednesday! Market prices a 65% chance of no change and a 35% chance of a rate HIKE. Think about that: the year started with everyone expecting cuts, now a third of the market bets on a hike, and September hike odds are above 80%. So the market is now really cautious and starts to price in at least 1 - 2 hikes! This is the reason why the Stock Market is currently slow, and Wedneday will give great insights on what the FED really thinks
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JUST IN: Michael Saylor's 'Strategy' currently has a $14,000,000,000 unrealized loss on its Bitcoin investment.
Tom Lee's 'Bitmine' currently has a $10,500,000,000 unrealized loss on its $ETH investment.
SpaceX's market cap crossed above $3 trillion today in after hours trading.
That's higher than the market cap of Amazon ($2.65 trillion) & Microsoft ($2.97 trillion).
Microsoft Sales: $318 billion
Microsoft Net Income: $125 billion
Amazon Sales: $743 billion
Amazon Net Income: $91 billion
SpaceX Sales: $19 billion
SpaceX Net Income: -$9 billion
$BTC: Many are now really convinced that 60k in February was the bottom! They even call for 100k and higher, and this is what I warned about and predicted will happen! Bitcoin is now in a bullish trap! 79-85k is the total region, and this is the area where the big crash starts