@jonzitrades@joenftfr Why do you see the second MSB as a break of the structure? Bcz out of this low there wasn’t a HH right? Or am i understanding it wrong?
I backtested 100 weeks of $BTC #bitcoin price action from June 15 2020 to 09 May 2022, was able to determine the below:
- Occurrence of high & low of the week
- % of high and low of the week per day
- % of Mondays high / low being swept on a given day
8 hrs of research for you:
I thought Blackrock was supposed to care so much about ESG that they would never touch Bitcoin? I thought institutions getting active in this market was a meme?
So many signals to the rest of the traditional finance space about this being a legitimate asset class.
In 2015, #BTC bottomed 547 days before the Halving
In 2018, $BTC bottomed 517 days before the Halving (discount March 2020 crash)
If Bitcoin is going to bottom 517-547 days before the upcoming April 2024 Halving...
Then the bottom will occur in Q4 this year
#Crypto#Bitcoin
Biggest alpha I can give
Look for coins that were hyped when the market trended. Many coins went to billion dollar market caps and are down -70/90% now
Look at there calendar to see if they have any potential catalysts in next months. These are coins you want to buy at the lows
Crazy that everyone wants to buy #bitcoin at $69,000, but now that it is at $43,000 the herd has disappeared.
All of those people who "wished they had bought cheaper" where are you? LOL.
I am sure we will see you again next new all time high.
$BTC At last, we made it back to one of the most important levels throughout this cycle.
This level was the range high during the summer of 2021 and has seen strong reactions overall.
For the bulls it's key to hold this level. Wicks through are fine, as long as it closes above.
The average age of the BTC being spent is declining.
Smart money (older/more experienced market participants) sell tops, not bottoms. The last few weeks they aren't selling.