$BTC is following the projection perfectly
Revisit and study the initial quoted posts.
A shakeout can still happen, but I’m buying here. And if we get that shakeout between the 1.141 and 1.618 fib levels, I’m buying that too then I’ll enjoy the recovery later.
Stay clean. Stay patient. Let the rest chase noise.
BTC Macro
Since I haven’t posted a chart in a while, here’s a vague outlook.
Three rejections in the mid-range
→ dump below the 0.25 trendline
Rising wedge below the trendline
→ textbook rejection and dump
Added a vague projection. Current macro support: $60k. But as you can see (as always), time is working in your favor: the longer it takes, the higher we go. Same goes for the potential bottom. Would love to see $68k (200 EMA, 1W).
After two cycles from support to resistance, this is the first time we’ve seen three mid-range rejections. Therefore, the correction might be shorter this time.
Being profitable in real life and looking good on X are two completely different things. Risk management tells you where to act, key level breakdowns, flips, invalidations.
What most gurus lack is a real strategy. They’ll end up paying a lot of “learning money.” Nobody is above the market. I’ve nailed BTC pa with an high accuracy for years, but I still keep it real the market is always king.
That’s why my setups always include a Plan B, a clear level to hedge or exit if the main idea gets invalidated. If he’d actually understood that, he’d be in profit.
Most people look for the easy way instead, and the market ends up humbling them, hard.
BITCOIN IS LAGGING BEHIND GLOBAL LIQUIDITY AND GOLD.
M2 is surging.
Gold is ripping.
Bitcoin is sleeping.
This divergence never lasts.
Liquidity always finds risk.
The catch-up rally will be brutal.
There’s a rumor going around that $BTC price action is synced to my travel plans and whether I’m looking at screens. Can’t say if it’s true, but at this point, I’m starting to believe it myself.
Third retest of fib $123k, might get another test of $117k but I'm ready for what's coming. Higher!
Revisit quoted posts to experience true art.
It was the first test of upper channel trendline around 106k in a long time, the retest of trendline and MA support was a logical throwback scenario mentioned early January and here we are. Bounce from here, and 2nd half of this year should be fun. Only a breakdown and confirmation would invalidate fun this year.
I trade what I see. The expected can't surprise me. Scroll up this thread. Understand the power of macro foresight.
BITCOIN LTF UPDATE
Still in a bullmarket, still consolidating, and as we didn't saw a reclaim of neckline the 2️⃣expected retrace back to 2nd green box around $75k (still didn't tipped 75k)
The BTC Stables Dominance is going for the deviation scenario which short term pain for alts. Probably the reason u think everything is dying. Yet BTC experiencing a normal correction after testing mid range on macro scale which is major resistance as always.
Next time it should get broken.
Can the inevitable surprise you? Revisit the dominance. Revisit the initial post and all other perspectives. Don't be scared friends. Practice patience instead.
Yes it's some short-term pain for some alts, but I prefer a healthy macro and this dip just looks beautiful doesn't it. Still some room till ascending trendline support.
I repeat. We haven't witnessed true price discovery for Bitcoin yet. Real fun begins once we break above the thick ascending range resistance at around $105k
Ascending trendline support is still aligned with the 1W 50MA at $75k. Not selling, I'm only buying more on dips.
#Telcoin welcomes the newfound openness to digital asset banking from the Fed and is excited to work with them. Our CEO and President of Banking Operations share their insight into recent policy developments in @AmerBanker.
https://t.co/jVgwmvQVxs
Maybe someday you'll see a #Telcoin commercial during the big 🏈 game.
In the meantime, we're putting everything we have into building the Internet of Money.
$ETH faced rejection, invalidating the broadening wedge continuation. The BTC dominance S/R flip failed, leading to a reclaim of the rising wedge. A retrace to the Fib 0.618 level at $2,533 followed. Now, it’s all about patience, watching how price reacts as it revisits support.
Funny how just last week, everyone and their grandma was bullposting ETH. Naturally, the market had to humble that sentiment. If you ever need a solid contrarian signal, just check if your timeline is getting overhyped. Today, it's serving up the necessary sacrifice.
As a TA guy, I don’t waste time searching for reasons, the chart tells me everything I need to know. But if we’re being honest, the current US administration has absolutely wrecked some short-term charts. The macro setup is just too powerful, even for the orange exploiter.