$BTC macro update
The breakout continues, as the 10 week signal approaches
Alright, gave you updates on the entire spectrum of the market, except what remains now is $BTC macro timeframe.
I remind you that last time, we called for a real breakout, leading much higher. Yet at the time, 110k was called for to be a 2021 November like double top by the masses, or at least a March 2024 type range of 7 months+. You heard things like "Sell in May go away" etc. etc. etc.
We intervened and gave it a kind "no way".. not likely by a long shot according to our analysis provided. On top, late cycle pullbacks are shorter, and the market would break above 110k after June closes, and last but not least, our 10 week signal is approaching, at the time, 10 weeks and counting, now, 5 weeks, and still counting. Safe to say, it's looking good so far.
We also gave an analysis on a 87% chance (high confidence) bottom call (see previous post), which aligned itself right into our weekly low projection.
Hello 117k, and hello small (htf) pullback in May/June. Both are confirmed.
We are looking forward next to the 10 week signal, and the likely pullback after, once again lining up with our 30 week cycle low like clockwork.
Now whether $BTC reaches 170k during the 10 week signal, or less, and does it the next cycle, I don't know and I will be awaiting.
But I do believe after the 10 week signal, there likely is not much left in time for the bull run. It's been a very long run so far, and we're getting to the end of it.
That does not mean alts will not do well, there is still time during the topping stages, and, just like in 2017, that is when most alts put in the bulk of their large moves.
There are some more deeper reasons as to why I believe alts will move hard during that time in the purple box, a lot to explain (for the ones curious, study silver relative to gold on the weekly timeframe and compare every cycle to each other).
But for the ones who have been holding along all the way, after the 10 week signal, I would personally start looking to sell slowly but surely.
And looking further into the future, that will conclude our bull run macro full master plan. It has been a pleasure so far, and it will have been a pleasure once all is said and done.
And after all is said and done, I will for the first time since 2022, divert from macro bullish, to macro bearish for a while. And if you think my bottom calls in Nov 2022, May 2023, August 2023, Jan 2024, August 2024 and March 2025 have been controversial, that will pale in comparison with the cycle top call I am looking to pinpoint.
But until then, we are not there yet and we look to the very next high timeframe move, which is still further up.
As already clear from all the positions we have been openly taking, I am not selling, yet.
See you in the future.
I strongly believe $VELO is getting listed on Binance soon.
Too many signs pointing in that direction.
And when it does… it’s going to ride the altcoin bull wave like a rocket.
Undervalued, partnered with real banks, solving real problems.
Position accordingly and RT if you agree.
#NotFinancialAdvice
Now.... we have seen the Liquidity disappearing from #Alts and #Memes last few days....
Just like on a beach as the sea recedes - it may come back as a TSUNAMI!
I think this is what we will see for #Memes and #Alts.
An insane Bull Market will likely develop from here.
@GreenBarsCrypto Not once we have not delivered on our promises.
Not once we did not go and do something above expectations.
However, the market did not treat memes very well in Q4 and we believe everything should be done at the right time.
We will deliver. And we will deliver big-time.
🚨 ARE YOU READY FOR THIS, VELORIANS?! 🚨
In 5 days, @Beam_Lightnet — Co-Founder of Lightnet Group & a backer of Velo is stepping into the spotlight for his first-ever AMA! Expect insights, innovation, and a bold vision for the future 💡
This isn’t just another AMA — this is THE moment.
📌 Save the date: December 16th, 2024!
#VELO #AMA