The King has entered the blockchain ๐๐ธ From Memphis to the Moon ๐ | Sharing my trading journey, strategies & insights.
๐Private signal group now open ๐
Bitcoin Update
Bitcoin has never fallen below its production cost.
Even during deep bear markets, price always respected this level.
Now weโre sitting right on it again.
One more bear flag forming hereโฆ
โ Breakdown = continuation lower
โ Breakout = trend reversal
This is where decisions get made.
Smart money watches this level.
โ CryptoElvis
#Bitcoin #BTC #Crypto
Gold Update:
2 months ago I posted this ๐๐
We peaked around 5600 while retail expected 10K.
Since then, $XAUUSD is correcting after losing 4200.
Next liquidity levels:
โ 3600 โ 3200 (next liquidity)
โ 2500 โ 2700 (0.618 โ 0.66 Fib zone)
โ 2200 โ 2000 (final support / real demand)
Thatโs how far gold can go before we see the next move up.
Likely path:
soon relief โ 4700โ5000 โ then continuation down.
Watch rotation.
Crypto next.
โ CryptoElvis
#Gold #XAUUSD #Crypto #Bitcoin #Trading #Liquidity #Forex #Altcoins ๐๐ฅ
Market update.
Gold pushing into a major resistance cluster.
โข Bearish divergence
โข 4.236 Fib extension
โข Parabolic expansion
โข Price stretched far above EMA base
Mean reversion likely.
Liquidity sits lower around the EMA ribbon & prior demand zones.
If gold pulls back, capital rotates into risk assets.
Crypto could be next.
โ CryptoElvis
#Gold #BTC #Crypto #Macro
Market update.
Gold pushing into a major resistance cluster.
โข Bearish divergence
โข 4.236 Fib extension
โข Parabolic expansion
โข Price stretched far above EMA base
Mean reversion likely.
Liquidity sits lower around the EMA ribbon & prior demand zones.
If gold pulls back, capital rotates into risk assets.
Crypto could be next.
โ CryptoElvis
#Gold #BTC #Crypto #Macro
Bitcoin Update ๐จ
Bitcoin is having its final shakeout before the big reversal begins.
As I mentioned on December 15, I expected a bullish divergence around $77K โ the major support and retest level of our 2021 ATH.
We are in that region right now.
Everyone still holding through the fear will be rewarded very soon.
Patience pays.
#BTC #Bitcoin #Crypto #Bullish
Market update.
Gold pushing into a major resistance cluster.
โข Bearish divergence
โข 4.236 Fib extension
โข Parabolic expansion
โข Price stretched far above EMA base
Mean reversion likely.
Liquidity sits lower around the EMA ribbon & prior demand zones.
If gold pulls back, capital rotates into risk assets.
Crypto could be next.
โ CryptoElvis
#Gold #BTC #Crypto #Macro
ITโS REALLY SIMPLE.
Bitcoin can have one more dip to around 77k next week, or we pump toward 100k ๐
IF Bitcoin breaks 109k, rising over time, THIS WHOLE MOVE WAS A BEAR TRAP โ and we go absolutely nuts ๐
IF NOT, we see rejection at these levels, close below the low weโre forming right now, and enter a bear market ๐
M2 is rising. Liquidity is flowing back into the markets. ๐ง
Gold is at the top. Rotation is coming. ISM is moving back above 50. ๐๏ธ
A lot of bullish signals are lining up toward the end of the year. โณWATCH ๐
Bookmark this and follow me if we make new BTC ATHs by the end of Q1. โญ