October Reversal is the Base case.
But we know that Market Makers will ensure we’re 1-2 months wrong lol.
On the shorter side, we could see this Reversal in as early as August.
Either way we are fast approaching it… Hang in there $BTC $MSTR Fam!
We are getting close enough to the Bottom that even missing it by say $5k to me is just a whatever & more of a rounding error.
Don’t miss this opportunity to try to “time the bottom” because $40’s or $30’s or even $20’s are “imminent.”
It’s a very real possibility that upper $50’s end up as our low.
@misteryouareso There’s a chance we don’t. 200w SMA could be the low.
But I think upper $50’s has the highest probability atm. That would be a retest of the 250w & PLB & would be a great bottoming zone
I had to make a ton of changes to color, thickness, things I didn’t want in the indicator, change it to the log chart, etc.
But the indicator is called panpanXBT BTC Risk I believe… You can also experiment by typing in power law or power law bottom to see if you can find something easier/better
Will Bitcoin’s Power Law continue to have Massive Support & be a great place to buy?
Or will we see the Strongest Network in the world break & go down forever?
$BTC
200w SMA: $62k
250w SMA: $58k
Power Law (has never broke): $57k
300w SMA: $54k
350w SMA: $47k
We hit the 350w last $BTC Bear… But this time the PL is above it which I think will make a lot of people miss out on this incredible opportunity buying in the upper $50’s / low $60’s.