The RSI has always provided a signal that the bear market bottom was close.
I've been buying $BTC every week since I saw that signal flash again last month.
Bottom may not be in, but it's close enough for me to be a buyer.
The US equity market has continued to broaden nicely, with the S&P 500 equal-weighted index making consistent new highs while the cap-weighted index takes a breather.
$BTC is still playing out similarly to the 2022 bottom structure.
Not expecting an exact repeat, but a similar playbook would not surprise me one bit.
Bottom later this year, a slow start to the next bull, and then the real fun can resume in 2027.
It’s clear that the fast money that used to be in Bitcoin then went to gold, pushing the gold price far higher than global liquidity would justify. Now those speculators are in semiconductors. Whether we hold $4k or decline further, which, in my view, indicates gold may be worth accumulating here.
Ursula von der Leyen really saw her Chat Control law get rejected twice and decided to force it through with an emergency vote 5 minutes before the summer break
Talk the talk about Democracy, but she definitely doesn't walk the walk.
Despicable person.
The past days have shown that daily charts can flip from 'it's so over' to 'we are so back' overnight.
This means plenty of room for trickery. I mostly ignore those lower timeframes and stick to where $BTC really moves: the weekly and above.
DCA over the summer. Let's roll.
This pattern will probably break eventually - but people said 'too obvious' at the highs too.
Until it actually fails, I'm paying close attention to early October.
$BTC
⚠️ $BTC is flashing a weekly DEATH CROSS signal!
Historically, by the time this signal flashes, Bitcoin's bear market is nearing the end.
More and more signals are starting to line up.
Feels like starting to DCA a few weeks ago was the right move.
I’ve been referring to this stage of the cycle as the mid-cycle top all along, even though it hardly qualifies as a mid-cycle top.
It’s more accurately described as the disbelief stage of the cycle that began at $16K.