LP

Trader | Reformed | Telegram:

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@ChartistXBT Please show me the three posts.

The only one I've posted was the 2018 fractal, and it points to a potential bottom forming in late June.

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$BTC

Doesn't look so crazy now, does it...

60–55K will be my bid zone.

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bitcoin:native

When it comes,

Bid anything from 60–55K.

Thank me later.

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@enpyretos 🤝

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$BTC

Price continues to track and pivot at nearly the same dates as the 2018 bear market.

If this correlation continues to hold, June 24–26 could align with the next local bottom, potentially sweeping the 60K low before a reversal.

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@FAlphide @stephenhus Was bearish from 76–82K and have remained HTF bearish the entire time...

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Should’ve been more clear, sorry.

74–76K only comes into play if the 70–72K area breaks. That said, based on previous bear markets, price could still form a lower high in that region, but it may not happen until mid-to-late July based on this fractal.

I still expect the 4–6th pivot to mark a local low.

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@AbdullahRais07 69-70K is my first POI.

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$BTC

I was right...

My 750 Day pivot.

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bitcoin:native

Watch what happens over the next 4–8 weeks...

My 750 Day pivot.

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$BTC

Monday pivot high. ✔️
Wednesday pivot low. ⏳

If this correlation continues to play out, Wednesday’s intra-week pivot should form a local low, pushing price higher into Thursday.

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$BTC

It’s that time...

Watch how price develops into Monday. If Monday forms a pivot high, it would suggest Wednesday is likely to form a pivot low. Conversely, if Monday forms a pivot low, it would suggest Wednesday forms a pivot high.

This intra-week correlation played out 5/5 weeks in a row. Last week's bank holiday disrupted the pattern, but this week it should be back in play.

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@stephenhus 74-76K is the main target.

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Pushing lower and building a bearish narrative into a pivot...

Yeah, very bearish...

Every time bearish sentiment has built into my 4–6th pivot, it has marked a local low.

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$BTC

My 4–6th pivot...

This area has consistently aligned with major trend shifts. Currently, bearish sentiment is building into this major pivot. Every time this has happened, the pivot has marked a local low.

If the narrative continues to stay bearish into the pivot, the likelihood of this pivot forming a low becomes very high.

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bitcoin:native

The messenger delivered. 📬✔️

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$BTC

Don’t shoot the messenger...

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bitcoin:native

Failed to hold 76–75.4K,

73K, 71K. ✔️

Closed 75% of my shorts.

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$BTC

Thoughts remain.

Fail to hold 76–75.4K,

73K/71K comes quick. 🧲

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@FAlphide Price should hit that area. 70-69K must hold imo.

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$BTC

Price repeatedly sweeping the highs and targeting short positions over and over was a key indicator that this drop was coming.

Leaving the lows untouched made market participants feel like longs were safe, and most were raising their targets toward 90–100K.

Major HTF target remains 60K.

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$BTC

Price continues repeatedly sweeping the highs, constantly targeting short positions while leaving the lows untouched...

During actual bear market bottoms, price usually makes it psychologically difficult for longs to enter by continuously sweeping the lows, making participants question whether the bottom is truly in.

Right now, the opposite is happening. Shorts keep getting punished while bulls are now targeting 90–100K.

Either the top is already in, or it’s only a matter of how high in the 80’s this lower high extends before price rolls over and sweeps the lows, with the major target remaining 60K.

Not a single bear market bottom has formed like this.

No, this time isn’t different.

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@ChikuTrdr Where did my line start from? 71K...

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$BTC

Tried to warn you,

Down only since...

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bitcoin:native

This 1 line is more important than you think.

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@dukedogbtc 70-69K

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@Vinh_Ngo98 Hold 70–69K and yes, it can happen.

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@Etsie19Etsie Exactly, just happened.

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$BTC

Current thoughts,

Bearish retest on the first test.