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People ask if S2F model is still valid. I think it is. We can go technical on autocorrelation & cointegration, but key is IMO that BTC price is not more/less off than in 2011, 2013, 2017. IMO S2F model is valid and I expect a bounce back above S2F model value before 2024 halving.
#BTC has been weighing down on the Higher Low ever since the 200MA rejection (orange)
However the HL is still holding support & June lows (green) haven't even been tagged
While new lows are possible over time, holding here would likely enable a new bounce
$BTC #Crypto#Bitcoin
What is I told you, that a few hour ago over 469,787.24 $ETH have been deposit to exchanges? 🤔
At the current price, that is $742,263,839.20
#Crypto#OnChain#Exchanges#TheMerge
The third signal in #Bitcoin history, by using indicator - Price Momentum Oscillator (PMO).
Signal: Green dot🟢(crossover) in Red zone (oversold) in weekly chart.
Crossover is about to happen, this week/next week?
Massive BULL RUN afterwards🚀
RT appreciated
#BTC#Cryptos
Could $ETH soon form a Lower High like in 2021?
It's not out of the question, as #ETH recently failed to retest the orange area as support
And so it is possible for ETH to relief rally into orange to confirm it as resistance
#Crypto#Ethereum
$ETH showing signs of forming a Lower High
History repeats with a rejection from a Lower High which is also set at a 27-degree angle, just like in 2021
For #ETH to avoid extra downside, ETH needs to successfully retest this local orange area as support
#Crypto#Ethereum
Is #BTC heading for new lows amidst weakness?
I discuss BTC and $ETH in today's newsletter and realistic scenarios on what to expect going forward
Checkout my new newsletter here:
https://t.co/rgIGliCqio
$BTC #Crypto#Bitcoin