Super฿ro

Technical analysis should be made as simple as possible, but no simpler. --Albert Einstein, probably 👇👇 free open-source indicators

[Super฿ro @SuprBitcoinBro]

This is my long-term base case for $BTC

USD is going to zero when priced in sats

May or may not be more pain in store for hodlers but don't get too cute trying to play the dollar long

[Super฿ro @SuprBitcoinBro]

$BTC daily

solid bounce off this confluence of support

flipping the former range lows back to support would greatly improve the bull case

[Super฿ro @SuprBitcoinBro]

$BTC daily

solid bounce off this confluence of support

flipping the former range lows back to support would greatly improve the bull case

[Super฿ro @SuprBitcoinBro]

$BTC daily

finding support at the confluence of the November high, 100 day MA, and 0.5 log fib fan of the last leg up

[Super฿ro @SuprBitcoinBro]

$BTC daily

first touch of the 100 MA since $27K

[Super฿ro @SuprBitcoinBro]

$BTC monthly

[Super฿ro @SuprBitcoinBro]

$BTC weekly

with the lower timeframes breaking down, we need a strong reaction off this weekly trendline to save the higher timeframes before January closes out

[Super฿ro @SuprBitcoinBro]

$BTC weekly

with the lower timeframes breaking down, we need a strong reaction off this weekly trendline to save the higher timeframes before January closes out

[Super฿ro @SuprBitcoinBro]

$BTC CME futures daily

filling the gap

[Super฿ro @SuprBitcoinBro]

$BTC 4H

breakdown or final stop hunt?

watch the next 4H close for clues. Closing below prior range low and this diagonal would be a red flag, while recovering these levels could lead to a big bounce

[Super฿ro @SuprBitcoinBro]

$BTC weekly log

with support intact we must give the bull scenarios the benefit of the doubt

should this range give out, which is not my base case, my bearish scenario is a sharp pullback to the 0.618 log fib fan and a swift recovery

[Super฿ro @SuprBitcoinBro]

more reason for optimism, this weekly channel is holding strong on a closing basis

usually you see a crack before a breakdown - a close just below the trendline, a lower low, etc.

it closed above the lower bounds of the channel with another higher low 💪

[Super฿ro @SuprBitcoinBro]

this move is not yet concerning on the higher timeframe

a good level to look for a bounce, but needs to make a stand soon

[Super฿ro @SuprBitcoinBro]

$BTC weekly

sellers failed to follow through on last week's $7500 bearish reversal candle

the 10 MA, 0.75 fib fan, and range lows remain intact as support

while there is work to do on the daily, the long-legged doji indicates waning downside momentum on the weekly

[Super฿ro @SuprBitcoinBro]

A long-legged doji above the 10 MA on $BTC weekly will help to neutralize last week's bearish candle

but we still need to reclaim the yearly open and flip 2024 green to increase the odds our higher low holds up

[Super฿ro @SuprBitcoinBro]

Thank you to the late bears and paper hands who sold the pico bottom of the range. You are the heros of the day.

[Super฿ro @SuprBitcoinBro]

$BTC weekly

finding support at the 0.75 fib fan, just like the start of the last 2 bull markets (linear charts shown)

[Super฿ro @SuprBitcoinBro]

$BTC daily

if you capitulated at range lows and high timeframe support, please turn in your bull card

the rest of us will be riding this to $50K+

[Super฿ro @SuprBitcoinBro]

$BTC daily

vulnerable below the monthly upper Bollinger Band and weekly 10 MA

big moves can happen fast when significant levels fail

bulls need a bounce here

[Super฿ro @SuprBitcoinBro]

bitcoin has not touched the 10-week moving average since $27K

the weekly 10 MA sits at $41,240

the bear case gains momentum if it breaks that level