1) Don’t attempt to catch the BTC market top 4 years in, it’s not worth it
2) Take profits and wait, no matter how long it takes, for a BTC crash
3) Buy in the zone when BTC falls roughly 65%-85%
4) Don’t expect a price target, sell for a profit when it’s up roughly 4 years in
$67,000 $BTC is knocking.
I would expect is by end of week, possibly on weekend. Who knows!? Just probabilities, right!
Does make most sense at this point. Lovely support and buy pressure in that zone.
- Wynn
For a reference point of where Bitcoin is compared to past behavior, it has reached the 100-week moving average. BTC has only come back to the 100-week moving average during bear markets.
In 2014, 2018 & 2022, the 100-week moving average provided a period of temporary stability.
Selling 90% of my portfolio when BTC was trading at $108K and XRP at $2.50 was the right move so far.
4 years market cycle played out. As usual, market started falling roughly 4 years in.
1) We are roughly 4 years into the cycle
2) All stock indexes have struck all time highs, even silver and the NIKKEI 225 erased decades of downwards price action
3) ETH went below $3,000 instead of doing a 2 X from its previous all time high
4) Gold went parabolic after years of ranging
5) BTC did an 8 X from $15.6K
6) Some alts like BNB, XRP, SOL have either retraced well to former highs or set new ones
7) Despite the narrative that everyone is bearish, my feed is mostly filled with hundreds of people trying to call the bottom and saying “buy the dip”.
8) DXY and BTC.D aren’t crashing abruptly
9) Most market participants are still long because most alts haven’t done anything. So the majority is long the market.
10) Getting good news like XRP ETF, Government reopened. Nonstop bullish targets from KOL’s.
11) Every other tweet is: “Michael Saylor bought more Bitcoin! Bullish! Institutions are buying! Institutional adoption is here! This time no crash!”
12) Publicly listed companies are now worth $1-$5 trillion in market capitalization.
13) All the permanently bullish profiles that are always popular near tops and have been bullish during 80% BTC crashes in the previous two cycles are still very bullish and popular.
As per the 30 October market update published on Patreon for my members, I’m 90% out of the market, protecting my profits and waiting for much better risk:reward market conditions.
There’s a quiet group of people who did everything “right” and still got crushed.
No leverage. No casino trades. Just conviction in stories that didn’t deliver.
$BTC - update
The rising wedge I’ve been warning about for months has now broken.
Technically, this points to ~30K.
Don’t expect a straight line but the direction is clear.
The faster $BTC gets to $46,000, the better
You don’t want a slow bleed down
Sharp, fast, max pain, strong bounce
Bookmark it and thank me later
- Wynn