In 2023, #BTC will revisit $25,000-$31,245 new supply/resistance zone (previous support area).
The question is what'll be the low b4 then? Should you buy now at $16,500-$16,400 or wait till the low/bottom btw $13.5k & $10k zone?
The decision is yours to make.
#Portugal#Idaho4
This is not really an insult but the truth. Being in one place will doom you. This is why I laugh when people criticize migration, especially the "go beck" clowns. A moving man/woman finds their luck. A genius at rest is worse than an idiot.
16 students from The Ambassadors Schools won 15 gold medals, nine silver medals, nine bronze medals combined.
Munachimso emerged as the gold medalist in the Science category, Onyedikachi Ethan won gold in Mathematics.
Celebrating academic excellence.
SCHOOL IS NOT SCAM.
A best graduating student of the Nigerian Law School in a year should be going home with a brand new car, Law Pavillion subscription for 5 years, a two weeks vacation to Dubai and a sum of #20 million cash prize.
The legal profession can do better at this stage; the fight against Olodo uprising starts with us.
#BTC
Bitcoin has deviated below the 200-week SMA, proving how unreliable a support this SMA can be
In saying that, it's important to also mention that the 200-week SMA can also act as an unreliable resistance in the early phases of such a macro deviation
Bitcoin is therefore likely to continue experiencing relief throughout July and so a brief reclaim of the 200-week SMA wouldn't be out of the ordinary to enable that limited relief-focused upside
After that and over time however, Bitcoin would once again breakdown from the 200-week SMA to perform a deeper macro deviation below it to search of the final Bear Market bottom
$BTC #Bitcoin
#BTC
The game plan is now under way
Bitcoin is currently relief rallying towards the 50-Month EMA (purple) in an effort to fully confirm the breakdown
In other words, Bitcoin is repeating price action from the Bear Market Summer of 2022
$BTC #Bitcoin
#BTC
Bitcoin indeed rejected from the Macro Triangle Base
Bitcoin indeed broke down from the purple 50-Month EMA
And once Bitcoin turns the 50 EMA into new resistance on this relief rally, it will likely enter additional Bearish Acceleration over time
$BTC #Crypto#Bitcoin
#BTC
It's official
Bitcoin has Monthly Candle Closed below the 50-Month EMA (purple)
Which is exactly what tends to happen at this very moment in the cycle when comparing historical cycles
Generally, prices tends to lose the 50-Month EMA and then turn it into new resistance before additional downside over time
$BTC #Bitcoin
#BTC
Bitcoin continues to shape up for a mid-Summer relief rally
After all, Bitcoin is down -21% this month alone
Typically, after such strong sell-side Monthly candles, price tends to experience at least some short-term relief
And it would be very 2022-esque if this turns out to be the case
(August would cancel out any upside registered in July though)
$BTC #Bitcoin
Seneca said one of the most powerful things you’ll ever hear or read.
“To be happy you need to eradicate two things your mind:
1. The fear of a bad future
2. The memory of bad past”
The present. 💀
I don’t know why people forget I am still a surgeon, since I got the NDC House of Representative ticket for Surulere 1. People call me Honorable and have removed the surgeon from my name, anyway Saturday I had endoscopic sinus surgery by 7am and by evening I became a politician
At some point, Bitcoin will likely enjoy a prolonged Summer relief rally
And it will be one of last major relief rallies in this Bear Cycle before a Bear Market Bottom is finally reached
$BTC #BTC#Bitcoin
#BTC
With the new June Monthly Close just around the corner...
It's becoming increasingly likely that Bitcoin will close below the 50-Month EMA and likely bearish retest it into new resistance in July and reject in August
This cycle has repeated 2022 tendencies very closely thus far and looks like that will continue throughout the Summer
$BTC #Bitcoin
#BTC
Bitcoin has officially now deviated -6% below the 200-week SMA (orange)
The 200-week SMA after all tends to act as an unreliable support at this moment in the market cycle
More, history suggests that this deviation will go even lower over time
$BTC #Bitcoin
#BTC
This is still the game plan for the rest of the Summer
Once June Monthly Closes, we'll know from which price July will be able to potentially spring into a post-breakdown relief rally
Macro-wise, this is still looking very 2022-esque whereby any relief would see the 50-Month EMA (purple) turn into new resistance
$BTC #Bitcoin
#BTC
The answer is that the 200-week SMA will likely not hold as support for too long
Historically, Bitcoin tends to deviate substantially below the 200-week SMA in an effort to build out a bottoming out formation
$BTC #Bitcoin