#BTC floor of halving cycles is established within the monthly wick of the ATH of the prev cycle.IMO,floor at approximately $57k.in the prev cycle, Some predicted a floor of $10k, but it was finally set at $17k. same thing might happen now that the price is expected to reach $48k
Everyone asks:
"Should I buy Bitcoin at $60K or wait for $50K?"
The better question is:
Will you care about a $10K difference when Bitcoin is above $150K?
This is why I DCA.
This is why I position early.
The bull run rewards patience.
Not perfect timing.
bitcoin:native finally reached $63.6k! This has been my target for W1/1/C. RSI is neutral/bullish- watching this level closely for a turnaround! If you guys have been following, #BTC was NOT supposed to reach $66.3k until AFTER this level has been reached. Yesterday, it cleared that resistance already... There is a bit more liq left up there. This is going to be a MESSY market for the next couple days because of this!
What I'm watching for now, is support here at this level... It's possible #Bitcoin comes back up to $65.8k for ANOTHER subwave 2. IF #BTC loses the $63.6k level now, it could already be on subwave 3 ($62k). All of these waves will make up Wave 1 of macro C-wave down. I'll keep you updated as we get more development!
Bitcoin is right back at support after another rejection from the TBO fast line, closing down 1.77% on Wednesday and holding near the 63,915 low. The bear flag is still valid, and if BTC loses the support area around 64,100 today, I am looking for a retest from underneath before the next leg lower, with the 59K area still the next major artificial support I am watching. Ethereum has already lost its first support level and is still leaning bearish, while stablecoin dominance is back in strong bullish mode and could push toward TBO resistance if Bitcoin breaks down.
Macro is not giving risk assets a clean all-clear. The dollar index pumped 0.85% after the Fed meeting and closed above historical TBO resistance, EURUSD looks like it may bounce from support, and USDJPY is still the dangerous chart after a major TBO breakout cluster that could be either continuation or a topping warning. The Nikkei continues to push higher despite those yen risks, oil is super strong bearish and deeply oversold, and the TradFi charts are still mixed enough that I am not treating the crypto bounce as confirmed strength.
In my picks, RAIN, WLD, AERO, XPLUS, SPX6900, UNI, KAS, ENA, CAKE, SOL, HYPE, SEI, MYX, BEAT, ZEC, XLM, TAO, NEAR, and ASTER all had important fast-line, breakout, fib, or rejection levels to watch, but the theme was the same: do not chase late moves, wait for clean retests. Your picks and stocks added ONDO, LIT, SIREN, MOG, DOGE, AAVE, AMZN, MCD, HIMS, CRCL, MSTR, DRAM, CLSK, SNOW, SAP, NOW, ASAN, ASML, and more, with several good bounce opportunities but plenty of charts still needing confirmation before I would trust them.
CHAPTER MARKERS
00:00 Bitcoin rejects the TBO fast line and returns to support
04:44 Ethereum rejection and first support break
06:05 Stablecoin dominance returns to strong bullish mode
06:48 Bitcoin dominance, alt dominance, and broader crypto pressure
10:16 Dollar index breakout after the Fed meeting
11:27 EURUSD trade setup and profit protection
12:52 USDJPY breakout cluster and topping-risk comparison
16:26 S&P futures, NASDAQ, Nvidia, Tesla, VIX, and Nikkei
19:22 Oil, gold, silver, and PAXG/BTC macro check
21:16 Better Traders resources, TBO, journal, Kraken, and Toobit
25:05 My picks overview and review order
26:34 RAIN, WLD, AERO, XPLUS, and breakout exhaustion risk
29:01 SPX6900, UNI, KAS, ENA, TRUMP, CAKE, ETHFI, XRP, and BNB
33:01 SOL divergences, HYPE, LTC, CRO, SEI, MYX, BEAT, and DEXE
39:00 ZEC, XLM, TAO, NEAR, ASTER, and the move into viewer picks
40:24 Viewer crypto picks: ONDO, LIT, SIREN, BSB, MOG, DOGE, PENGU, LUNC, and AAVE
44:24 Stock picks: AMZN, MCD, HIMS, CRCL, MSTR, DRAM, CLSK, SOXX, SMCI, SNOW, INTC, CRM, SAP, NOW, ASAN, ASML, and LVMH
52:51 Sui deep-dive reminder and closing thoughts
You need to survive this accumulation phase, the liquidity grab.
No $BTC is not dead!
There is more than 20 billion USD in shorts above. That cluster alone at 84K is worth billions.
Yes the longs are piling in below and we might sweep again. Bottom phase mechanics.
Are you a buyer of Bitcoin at 64K? Or are you like the rest of the retail sheep that looks away when things are cheap?
Overall, even if we do continue to chop down around Lower Limit area, I am okay w/ continuing to build Longs at Discounted prices
The likelihood of you catching a pico bottom on the trade is very slim, consider just creating areas of interest to DCA into overtime
patience
$BTC
Everyone was calling for a trend reversal.
I was waiting for my short entry.
$67K has now been filled. โ
The bounce was never the destination.
It was the setup.
Now let's see if Bitcoin delivers the flush.
#BTC
Even though temporary Seller Exhaustion is clear, the buy-side volume to take advantage of that hasn't been strong at all
Price continues to struggle with February lows (~$65.7k, blue) which act as resistance since breakdown earlier this month
$BTC #Bitcoin
It's all depending on the coming few days for #Bitcoin.
Fighting the 21-MA on the daily timeframe, and also looking to hold the earlier range support as support again.
If that happens, the next targets are quite clear for me:
- $74,000
- $79,000
Given the strong momentum in the #Altcoin markets, I wouldn't be surprised if Bitcoin goes up in that sense too.
The markets are in a different shape than in previous years, as altcoins were falling down heavily even if Bitcoin went upwards.
Right now, altcoins are dragging up the markets, and it's just a matter of time before Bitcoin does the same.
Goooodd morning! โ๏ธ
The next wave on bitcoin:native is starting to take shape and we can begin measuring out some of the next waves on the way down to ~$60k. These will be adjusted with the actuals as it develops.
Subwave 3 is targeting that macro support almost perfectly at ~$64.4k. I think #BTC is going to find short-term support there soon.. and then the 5th wave is targeting $63.6k. These 5 waves will make up just the first wave... #Bitcoin does NOT have a bullish div yet. I'm expecting that to print when it reaches the 5th wave target. That should fuel a retrace back up as high as $66.3k for W2. We need to watch the market very closely at this time... its possible #BTC drops from that level all the way down to ~$60.2k.
As #bitcoin continues, I'm noticing that there is still a lot of time left in this macro correction. Several more waves need to develop before it reaches bottom targets. I'll keep you updated!
"I think it's the fourth member of Mount Rushmore in crypto. Bitcoin, ETH, Solana and Chainlink."
Matt Hougan (CIO of @Bitwise) explains why the asset most institutions have never heard of might be one of the most important in the entire market.
As the man whose job is selling crypto to wealth managers and family offices, Matt sees what the average investor misses. And on @chainlink, he says they miss everything.
The lines that stuck with me:
"If you talk to the average institutional investor, they've never heard of Chainlink. And if you say the word Oracle to them, they think of the Greek Oracle of Delphi."
"Blockchains are going to increasingly interact with the real world. The only way they do that, basically it's like 75% market share, is through Chainlink."
"If Chainlink were a software company in a traditional C Corp wrapper, it would be one of the hottest tech plays in the market right now. It would be as hot as Circle."
"How do you gain exposure to stablecoins and tokenization? You buy Circle and you buy Chainlink."
The reason institutions don't own it yet? It's a token, the tokenomics are evolving, and that complexity scares people off. The ones who take the time to understand it see what he sees.
Thanks to @Matt_Hougan for joining me on @new_era_finance.
#BTC
Bitcoin is now enjoying a bit of relief following a bout of high sell-side volume into a historical demand (purple)
However, it's important to reiterate once more:
"Previous crashes which occurred on high seller volume in this Bear Market actually preceded temporary local bottoms to kickstart limited rallies of relief before additional macro downside over time"
$BTC #Bitcoin
Total Crypto Market Cap is repeating 2022.
2022: Dropped into DCA zone. Two touches. Massive rally.
2026: Dropped into DCA zone. Touch 1 hit (200 SMA).
The 2022 playbook:
Touch 1: first DCA opportunity.
Touch 2: second DCA, deeper, on 300 SMA.
Then: rally to new highs.
We're at touch 1.
Don't go all in.
Scale in here.
Add more if we move to the 300 SMA.
Two weeks left until the $BTC monthly close, and if the candle finishes like this, itโs just another wick that got bought up.
Ask yourself this. Bears had five months to push the price down, with all kinds of bear-flag formations/fractals plus a major war starting/ongoing, and we never got a single weekly close below 60K.
Crypto became the laughing stock, interest collapsed, capital rotated into other assets, pessimism hit extremes, fear readings reached historic lowsโฆ and still the chart looks like this.
That's the incoming test for #Bitcoin and it will decide everything in terms of direction for the coming period.
If Bitcoin fails to hold above $64,000, we'll be testing new lows.
If it does hold above $64,000, I assume we'll be seeing $74-79,000 as the next target zone and it would trigger a strong period of time for #Altcoins from here.
#BTC liquidation levels and estimated liquidation leverage.
$7 billion in long liquidation at 58K
$6.8 billion in short liquidation at 74K
Where do you think it will go next? I think higher.
While many started to get bearish at $61,700 nPOC level, we saw that as a long entry to be bidding.
$BTC has now closed both of our above nPOC targets at $63,524 & $66,898.
About 75% position booked on profits, leaving about 25% open for higher.
Plan the trade, trade the plan.
Very nice short squeeze up to 67.2K...
Then MM decided to rinse the longs.
Funny thing is that BTC funding rate is negative. Still at Extreme Fear and the plebs are shorting.
This will be fun ๐
@CryptoJelleNL Respect for sticking to your plan.
One observation: it looks like a backtest and subsequent rejection from the diagonal line is where the actual low occurred last time.
See the blue lines I drew in the top chart.
My target on bitcoin:native still remains $66,898 after closing our nPOC level down at $61,229.
Still holding my longs until we reach our target.
#Bitcoin
#Bitcoin has hit the quantile where you'd want to be accumulating positions over a longer period.
- Touched the 200-Week MA.
- In the lower quantile of valuations, which historically has been making a low in this region.
It doesn't mean we'll be bottoming out here, but we're at least close, and the ROI of buying here has historically been incredible.
That's primarily why I'm not selling positions and instead want to stick with them as a whole.