$BTC update:
Projection from Sunday is playing out and will likely continue doing so.
I had confidence in this idea after seen the Price Action developing at the highs, also because the long wick after we got the Biden news, etc...
Stay tuned, video update tomorrow 🤝👀
Hi @maiairwaysintl
The direct flight that goes to Mandalay from Bangkok (BKK) only shows dates until October 26th.
Are there going to be more flights after this date or is this route ending?
thank you
Reminder: on Monday next week, 13th May, a new 4-week course starts.
Perhaps this will be the last one, after educating a bit more than 1000 students in 15 months myself, I might finish it here and start a new project 🫶 huge thanks!!
🖥️Book here: https://t.co/78mDKlpCXQ
#BTC
4 Phases of The Bitcoin Halving
1. Pre-Halving Rally
Approximately 21 days remain until the Bitcoin Halving in April 2024
And ~60 days before the Halving, a Pre-Halving rally tends to occur (light blue)
History has repeated in this respect
In fact, the Pre-Halving Rally breakout was a little ahead of schedule by a handful of days
Moreover, Bitcoin performed a historic, never-before-done feat in its price action in the Pre-Halving period by breaking to new All Time Highs...
That being said however, the upside momentum has since slowed
In fact, Bitcoin in recent weeks pulled back by -18%
It is clear that the "Pre-Halving Rally" phase has transitioned into the next phase in the Bitcoin Halving Cycle:
The "Pre-Halving Retrace" phase
As a result, it is very likely that the "Pre-Halving Rally" phase is over
Bitcoin has since transitioned into the "Pre-Halving Retrace" phase
2. Final Pre-Halving Retrace
A Pre-Halving retrace tends to occur a 28 to 14 days before the Halving event itself (dark blue circle)
In 2016, this Pre-Halving retrace was -38% deep and lasted 3-4 days
In 2020, this Pre-Halving retrace was -20% deep and lasted 56 days (8 weeks)
Currently, $BTC is 21 days away from the Halving, pulled back -18% last week, and since has recovered to ~$70000
If the Pre-Halving Retrace bottom is in...
BTC therefore would've repeated a lot of qualities from the Pre-Halving Retrace of 2020
After all, the most recent retrace was -18% deep and lasted 7 days or so
However, Bitcoin in 2024 also repeated some 2016-like qualities as well
Because Bitcoin began its Pre-Halving Retrace ~30 days before the Halving whereas in 2016 Bitcoin began its retrace 28 days before the Halving
As a result, it looks like Bitcoin may be repeating pieces of both 2016 and 2020 Pre-Halving price tendencies
But the goal of a Pre-Halving Retrace is three-fold:
a) To offer one final bargain-buying opportunity in the Pre-Halving period
b) To form the Range Low of the future Re-Accumulation Range
c) To set up the next phase in the Bitcoin Halving Cycle: "Re-Accumulation" (red box)
3. Re-Accumulation
The beginning of the "Re-Accumulation" phase occurs once the Pre-Halving Retrace has bottomed
In other words, the bottom of the Pre-Halving Retrace becomes the bottom of the Re-Accumulation Range (red)
It's still uncertain if the Pre-Halving Retrace bottom is in
However, because a Pre-Halving Retrace has occurred already...
It is possible that Bitcoin is slowly transitioning away from its Pre-Halving Retrace phase into its "Re-Accumulation" phase (red)
The goal now is for Bitcoin to move sideways going into the Halving and beyond
The Re-Accumulation phase can last multiple weeks and even up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
However, in this cycle it is the very first time that this Re-Accumulation Range is developing around the New All Time High area
As a result, this Re-Accumulation Range may simply take the shape of a regular sideways range like we've seen throughout the cycle thus far and may not last very long before additional uptrend continuation
4. Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend
Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle
$BTC #Crypto #Bitcoin
Tomorrow on Saturday 24th February, new slots for the course will be available on the website at 11:00am UTC time.
The course starts in 10 days, 4th March 2024 🔨🤝
💻https://t.co/sNRhmgkn6J
Ledger is integrating with Coinbase Pay.
The integration allows Ledger users to buy crypto from Coinbase directly within the Ledger Live application.
Once the crypto is purchased, it’s automatically sent and stored within the user’s hardware wallet.
NEW $BTC update:
Thumbnail is our plan explained in yesterday's video:
"Liquidations and stop losses of impatient traders shorting range highs can be the next" 🔨🤝
Focus is range lows and 4h 50EMA sinergy. If lost, fill the OI gap and retrace the LP.
https://t.co/8e5wI0thAd