$BTC ~ Here we go.
First sign will be losing 74.7 on the L-MTFs. The old support zone is spent, updated areas here and they surround what I'd guess is the make-or-break level as far as reactions go ~ 72k
Price action around there will likely tell all we need to know, but losing the 65k swing will be the coffin sealer.
Was just another notch for the bottom likely forming somewhere between 3.6 and 1.5c
As I'd said plenty of times before, any result above or below this range was/is possible but would be considered an outlier
Of all my posts on $KAS, I've always argued the bottom would be lower than 5c and at the same time never claimed anything below 1.5c was probable
$KAS ~ the fractal of the 1hr bar pattern over the weekly chart anchored to the Oct '23 lows*
Suggests the bottom is in with a peak around 70-80c in mid 2029
I don't hate it...
Anchored to the August '23 lows, it'd put the bottom closer to my original target around 1.7c and peak closer to $1 over a similar timeframe.
I'd prefer this path, personally.
"Your posts are too cryptic" 👁️
Let me first point out there are people on here with 20x my followers who write Chinese riddles in size 8 font on a blurry soybean futures chart from 1978 while charging you $10/month and then get angry when you can't figure out how that all somehow applies to the price of Bitcoin...
Listen, people who call a post like this one 'cryptic' simply don't understand basic concepts of TA (and that's not a dig, it's just what it is), which is all my content is. If you're interacting with me, this is what you're interacting with.
To me, and anyone who does understand, this post was as clear as 2+2=4.
And just so you know I'm not bullshitting you, here's why:
- $KAS HTF is in a downtrend, meaning smart money bias will be short opportunities
- This means higher odds betting on resistance by riding the wave of the prime movers of the market
- These points are fact, indisputable
- So, the priority is identifying potential resistance
- When price moves upward on L-MTFs into one of these resistances, probability is it will be respected
- When price moves into multiple at once, it's high probability
- This all remains true until trend shifts definitively, in which case the opposite will be true
This is what you saw here. Fundamentally, there was no other way to interpret this. This was level: easy.
Since I've had these resistances mapped out for months, with explanations for each, 'deciphering' that chart should've been easy for anyone either following along or with a fundamental understanding of TA.
Not to mention, directly after I posted that, I posted this 👉(https://t.co/leR4uuPdIo) showing BTC moving into my main resistance area and commenting on timing...
Now, could I have broken all of that down right on the post? Surely, but I'm not handing out free lunches here. My goal, after all, is to educate and doing the digging and figuring it out on your own is beneficial and (should be) half the fun.
Most importantly, I take care to make sure my posts don't carry an amount of influence that would lead someone into a decision that isn't at least somewhat backed by their own convictions - and this literally can't be the case for someone without a grasp of the fundamentals.
Which is why this whole thing is a self-fulfilling prophecy and anyone who thinks a post like this one is 'cryptic' will forever be left without an 'answer'... 😉
$KAS To address and prevent any further confusion: The previous post's 'thing of note' was price entering the 3.6 zone (that I warned could be resistance for about 6 posts in a row) at the same time it was running into the trendline that's marked the last 3 local tops.
Obviously, a very probable breakdown point, though price did end up pushing to the S/R before falling back. The swing to monitor now is marked; 0.0283
Mostly, the 'you're too late' thing is being blown out of proportion. It just meant too late to catch any profit from the initial* move off the 3M/2M demand zones. It has nothing to do with the future of the project.
I ended the all-encompassing, Lay-of-the-Land update (https://t.co/27sd0OTdHT) with the idea that forming a range and even sweeping that low could be likely, so it's not until confirming HTF closures below .02475 that I'll concede this is not accumulation.