Bitcoin's warning signal did not play out.
Looks like the most bullish structure is here meaning, sub-structure wave 2 over.
And, we're within the final sub-substructure Wave 3.
The biggest week in Bitcoin's history is about to close extremely well; above 2 major support areas.
Most will say it is thanks to the U.S. Crypto Reserve announced by Trump, which includes Bitcoin, Ethereum, XRP, SOL and ADA, which, of course, fueled the move that began two days earlier.
IMO, it is hard to deny the clear S&R that was projected long before this news came out and the bottom that happened days before it.
Of course, everyone is free to believe whatever they want. If you can create a successful trading plan from news announcements, then all the power to you.
However, in my experience, the chart tells the story before the news is announced, and the news just adds fuel to the fire, up or down. π₯
Bitcoin hit our bullish target of ~$66,000. Using our TIA analysis, this triggers an overbalance in time and price. π₯
Reshare this post while I get a full market update out to you on youtube today. πͺπΌ
All I have to say about the debate last night is this :
I was 100% right about us never going back below 55k.
Im shooting cross court 3s at this point. Enjoy the show.
Do you want to see a "Top 10 Leaders VS Laggards" #altcoin thread? If we get enough interest, I'll create one for you here.
Let's get 100 reshares on this post β»οΈ
The breakdown continues, and this is not looking good.
Do you want an emergency #Bitcoin video on YouTube with how I'm handling this?
100 likes & retweets, and it's on.
The #BitcoinETF was the perfect distraction to sucker people into the market at the worst possible time.
I hope my YouTube channel gave you enough warning & a headstart. TIA members were alerted when I sold some of my portfolio.
No one knows the future, but catalysts like this (among others) are reliable reversal signals.
It could take 3 months or more before we see fresh highs. The weekly & end of month close will give some more clues.
After #Bitcoin broke out of the Wyckoff Accumulation it went straight to Strong "Disbelief" on the Wall Street Cheat Sheet.
Look around, the disbelief is strong among bulls and bears:
- Bulls can't believe their luck and calls for ATHs in 2023 are now common. π
- Bears can't believe they missed a near 200% move and are still calling this a bear market rally. π
Disbelief reigns supreme at the early stage of a new macro bull market BUT it can rekt both psychology extremes; the most greedy and the most fearful.
Stay balanced. Remove the noise. And follow the charts π΅
β Bookmark and reshare for future reference πβ»οΈ