Crypto Currently

Market Enjoyer.

[Crypto Currently @CryptoCurrentYT]

Base case remains unchanged. 🤝

[Crypto Currently @CryptoCurrentYT]

Bitcoin is in the center of our Cheap 🟢 region.

We could see Very Cheap 🔵 again if we lose the 50W MA.

However, Bulls have been putting up a good fight here.

Make sure your plan can handle multiple outcomes. 🫡

[Crypto Currently @CryptoCurrentYT]

The battle for control continues.

The 50W MA is very useful in assessing general trend.

The bears are putting up a good fight so far, but bulls continue to hold their ground.

The winner here likely decides how Bitcoin trades over the next few months. 🤝

[Crypto Currently @CryptoCurrentYT]

The battle for $76k is on.

$76k is both the 50W MA and our previous range high.

If it holds into the close, bulls maintain control of structure.

If it fails, bears regain control.

It truly is that simple.

No emotions, vibes, predictions, narratives or news needed. 🤝

[Crypto Currently @CryptoCurrentYT]

Our Shallow Bear Market base case played out. ✅

This was a triggering perspective for many.

However, we just stuck to the data and price action.

Bitcoin loves going against the consensus view. 🤝

[Crypto Currently @CryptoCurrentYT]

Sentiment is back in Fear. 🟠

Every 50W MA retest last cycle coincided with fearful sentiment, bearish narratives and scary news headlines.

It's no surprise that this 50W MA retest is the same.

Systems over vibes continues to be the best way to navigate markets. 🤝

[Crypto Currently @CryptoCurrentYT]

Bitcoin is still in the Cheap 🟢 region.

[Crypto Currently @CryptoCurrentYT]

The Shallow Bear Base Case is still holding strong.

Only 1 week left to go in October.

Will the 4-year cycle crew get their new lows this week?

Pretty hard to imagine that happening. 🤔

[Crypto Currently @CryptoCurrentYT]

The GLI is grinding higher.

This indicator has been spot on all year.

Now it could be making new highs again soon.

This would create the perfect backdrop for Bitcoin. 🤝

[Crypto Currently @CryptoCurrentYT]

Bitcoin is entering a Bull Market.

The nice thing about the 50W MA is that it is clear and measurable.

Unlike the emotions, vibes and narratives that most are still relying on to make decisions.

Why overcomplicate things when the simpler solution works better? 🤔

[Crypto Currently @CryptoCurrentYT]

Bitcoin is still in the Cheap 🟢 region.

Don't let missing the bottom result in you missing an entire bull market.

Create a plan that can navigate multiple scenarios.

Passing on $80k because you missed $60k is the same mistake as passing on $60k because you wanted $40k. 🤝

[Crypto Currently @CryptoCurrentYT]

Way too many people overcomplicating things here.

Bitcoin broke out above its trading range and reclaimed the 50W MA.

Above $76k, it makes sense to be bullish.

Below $76k, it makes sense to be bearish.

No predictions, emotions or narratives needed. 🫡

[Crypto Currently @CryptoCurrentYT]

Market sentiment has returned to Neutral 🟡

It's amazing what a little chop and consolidation can do to sentiment.

These prices resulted in Extreme Greed 🔵 just a few weeks ago.

Now they are creating doubt and anxiety. 🤯

[Crypto Currently @CryptoCurrentYT]

The Shallow Bear Base Case continues to play out.

It is now October.

The 4-year cycle called for new lows and a market cycle bottom this month.

Yet here we are and all bears can hope for is a higher low.

Preparing for multiple outcomes and remaining open-minded remains the best way to navigate markets. 😎

[Crypto Currently @CryptoCurrentYT]

Bitcoin is still in the Cheap 🟢 region.

It may feel like we have gone up a lot recently, but we are still pretty close to the 200W MA.

If we are entering a new bull market, these prices will look like great entries a few months from now.

Glad we accumulated in the Very Cheap 🔵 region earlier this year. 😎

[Crypto Currently @CryptoCurrentYT]

The GLI has been spot on all year.

It was one of the main indicators telling us this time was different.

Many people dunk on this indicator because it isn't perfect.

But not being perfect does not mean it isn't a useful tool in the toolkit. 🤝

[Crypto Currently @CryptoCurrentYT]

No need to overcomplicate things here with predictions and narratives.

Bitcoin just had a massive breakout.

That makes things really simple.

Above $76k -> Bull. 🐂

Below $76k -> Bear. 🐻

Anything else -> Noise. 🫡

[Crypto Currently @CryptoCurrentYT]

Bitcoin is still in the Cheap 🟢 region.

It also just got a weekly close above its 50W MA.

This combination usually occurs at the start of bull markets.

There will be volatility along the way, but this is exactly what we want to see. 😎

[Crypto Currently @CryptoCurrentYT]

Always a great feeling when the base case plays out. 😎

[Crypto Currently @CryptoCurrentYT]

We got our False Breakdown 🔵 at the range low. ✅

We got our Breakout 🟢 at the range high. ✅

We are about to get our close above the 50W MA 🟠. ⏳

The strength we have been talking about for months is becoming hard to ignore. 😎