This is basically me being bullish/bearish on bitcoin:native price over the past years. All publicly stated. Proud of that.
Would be even more happy if BTC manages to recover & me flipping bullish again but unless it claims 74K or produces more convicing structure down here the red will continue
My best trades this year so far were shorts from 98K, says a lot about the market 😢
$BTC liquidations are stacked above, you think Bitcoin will go to zero and let the bears print?
You just need to survive this chop in the accumulation range
Estimated ~$20,000,000,000 in short liquidation above
But as the degens try to catch the bottom with max leverage, the whales will use this to grab liquidity and shake you out while buying and absorbing your Bitcoin
If God wills it, you shall make it
Patience is a virtue
Bitcoin has repeated the same cycle four times.
Bear market. Bull phase one. Bull phase two. Then the next bear.
The pattern has never broken.
The chart shows where we are now.
The bear box before the next bull phase.
This is the part that shakes people out.
Patience will be rewarded.
$BTC
Price is moving towards our "Potential Top Zone",
We have cleared the liquidity of 66k like I have been saying in my posts.
It's possible we start dumping from here so I am in some small shorts,
But overall the main level that I am watching rn is 67.1k, and that's where I am gonna look for swing shorts.
We got BOJ tomorrow (16 June) and FOMC on 17th,
And if you have been following me recently, yk that these are the dates that I am watching for price to form the Lower High on.
Though it's also possible we get a extension that could last till 70-72k,
But I am not really focusing on that exact price to come to avoid getting frontrun.
Once price completely clear the upside liquidity,
It will start the hunt for the downside liquidity (58-60k).
Following my posts that I made 2 days ago, the dump could last till Low 50s.
I will add aggressively to my swing longs there if we get it.
ENDGAME.
Gnarly looking shakeout took place at midday today. It's been several weeks that we haven't seen one of these so I guess we were overdue.
Notable observation:
Look at where the $Nasdaq bottomed after selling off in an "algorithmic" manner(these moves are meant to trigger physical stops: aka 'shakeouts') after initially gapping up open. Followed by the typical V-shaped recovery that erases the majority of losses.
At mid-day today, the $Nasdaq had pulled back a good 8% off highs in five days.
Look for a red open in the indices tomorrow followed by a reversal higher.
I'M SORRY BUT NOBODY IS TALKING ABOUT WHAT BITCOIN JUST DID.
Multi-year Cup and Handle. Complete.
Breakout. DONE.
Perfect retest. DONE.
Structure confirmed. DONE.
This pattern took years to build.
And nobody noticed.
Cup and Handle breakouts don't move 20%.
They move hundreds of percent.
The retest just finished.
The launch is next.
$220K is the minimum target.
Most people will only find out after it happens.
Bitcoin just broke down from its second bear flag.
Here is what happened the first time.
Flag formed. Flag broke. Price dropped 32%.
Now the second flag has broken at the exact same spot.
Same pattern. Same setup. Same path lower.
6 mnth base and now clearly trending above every single major moving average
i am far from a memecoin maxi anymore, i think last cycle stuff was fucking dumb and i hope we dont repeat it.
however, in saying that, i like this $useless chart
Folks fantasize over buying the final wick of a bear.
What they should do, is DCA the bottom fifth of the market cycle. You're buying every time there is an 80%+ chance of it being the bottom.
Every Bitcoin price below $70k is/was that 'bottom-fifth' zone.
Keep it simple.
#BTC holding key long-term structure.
Kijun 🟣 around 70K acting as liquidity support.
0.5 fib equilibrium near Kumo around 44K as deeper buy zone.
Stablecoin market cap at $320B signals accumulation phase.
Next cycle targets: 154K–274K. $BTC
https://t.co/KEw4My4Yjp