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Makes you wonder when $BTC will catch up to stocks.
Hard to get bearish on stuff like this because eventually it rotates to risk assets like $BTC, crypto, & tech.
I’m optimistic still on medium-long term.
Not worried about short term volatility.
Hey @grok what was sentiment like for $BTC & crypto in 2017 and 2020 when prices were at their ultimate lows for those cycles?
Can you provide maybe 5 sentences people were saying?
And are they saying the similar now?
$BTC 1D
We are currently attempting a support reclaim. If we can get back above 75k we’re looking good for a decent bounce back to the 80ks.
However - if the reclaim fails I’d assume we drop back down to low 70s.
Im not a big fan on depending on a reclaim so We shall see.
$BTC 1D
Unfortunately we failed to close bull divs & we also closed below support.
At this point I'd predict we continue moving lower, unless we reclaim 75k support or form some sort of reversal pattern.
Crypto has been brutal these last few weeks.
$BTC 1D
Unfortunately we failed to close bull divs & we also closed below support.
At this point I'd predict we continue moving lower, unless we reclaim 75k support or form some sort of reversal pattern.
Crypto has been brutal these last few weeks.
$BTC 1D
With some of the worst sentiment we've seen, $BTC is sitting at macro support with bull divs RSI/MACD & Vol going down + price down.
I'm still sticking to my thought that we're past midterm volatility, we should see a decent bounce soon.
81.4k establishes new uptrend.
Sucks $BTC is dropping but it doesn’t change my overall view.
We’ve had almost every single historical indicator that’s flashed green for a start of a new bull market flash green on HTF.
We’re following the typical “crash before/during midterm elections”
Stocks are incredibly strong despite what retail thinks.
Interest rates + inflation should drop considering consumer spending has been up for several months while company performance has also been up.
Wages are finally starting to bridge the gap between cost of living.
Democrats own the house and senate while Trump remains President means the government will stay stagnate meaning companies can take on risk knowing nothing will pass/change.
This drop seems a little funny considering nothing on HTF pointed towards - no bear divs, no strong bear PA, no reversal patterns. We dumped due to midterms + binance hack IMO.
I still own my $BTC spot position. It doesn’t matter if $BTC is 80k or 60k today because I don’t plan to sell it for at least a year to take advantage of capital gains taxes + I have my conviction to hold for the upcoming bull run.
For those of you who really believe it’s “over”. We had a world wide pandemic where everyone thought the human race was going to go extinct and stocks pumped 115% off lows with $BTC running from 3k to 20k+ in a single year.
My best piece of advice is to DCA these levels and be thankful you have another opportunity to buy low.
$BTC 1D
With some of the worst sentiment we've seen, $BTC is sitting at macro support with bull divs RSI/MACD & Vol going down + price down.
I'm still sticking to my thought that we're past midterm volatility, we should see a decent bounce soon.
81.4k establishes new uptrend.
With sentiment in the gutter, $BTC has experienced a full fledged bear market similar to all other historical bear markets.
We also have indicators that a bottom has been found that are consistent with other historical bottoms.
+ 52 week bear market timeline.
With sentiment in the gutter, $BTC has experienced a full fledged bear market similar to all other historical bear markets.
We also have indicators that a bottom has been found that are consistent with other historical bottoms.
+ 52 week bear market timeline.
If $BTC can somehow break 81.4k I think we will establish a new intra uptrend + continue our overall macro direction.
That’s the line in the sand for me that confirms a trend change - all else would just be noise for now.
$BTC 1W
We went from breaking our macro downtrend to 6 red weeks in a row with not much on HTF that said down. No bear divs, no bad PA, no reversal patterns, etc.
This binance hack really diced things up along with the midterm volatility/results.
We’re currently sitting at 75k support area but it looks like our momentum is down for now, at least on 1D.
I won’t lie this wasn’t something I expected BUT if it happened it happens. This is part of the reason I’m holding spot and not worrying about the short term.
I still believe over the next several months $BTC heads higher from here. Just be patient.