Many people ask me what I'm going to do now that the $BTC bottom is likely in, while I'm not done accumulating.
And while that's a good question, it's not a new challenge for me.
I have a pretty good track record of buying around the lows - but those bottom buys have always involved further accumulation AFTER the bottom.
Whether the market flies higher quickly or takes another year to prepare for a major move, it always gives opportunities after the pico-bottom is formed.
This cycle likely won't be any different. My plan remains simple: accumulate, slowly but steadily.
The black & white lines are just two examples of what could happen - but in both cases, the pullback is where I want to load up more.
I currently have a few resting bids in the 70-68k area to add some more exposure if we get a quick wick down there similar to the previous cycle lows.
In the meantime, I stick to what has worked best for years: dollar-cost average around the cycle lows, before and after it forms.
Markets never do exactly what you expect. Just make sure to capture the meat of the move, and you'll be just fine.
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In comparing the corrections, you can see the trend toward price stabilization/ reducing macro volatility.
Both times the #btc breakout is on the upper edge of the LGC 'buyzone'.
đš Roy Keane on Nico Williams disallowed goal against Argentina:
âIâve just seen the biggest robbery of this World Cup. The ball comes into the box, nobody touches anybody, everyone goes up for it, then one Argentina player starts shouting. The next thing you know, two defenders are on the floor appealing,
Nico Williams has scored, and Emiliano Martinez ⊠who wasnât even touched⊠is somehow lying there as well asking for a foul.
The referee blows immediately. No VAR review. No replay. No check to see if there was actually any contact. Just disallowed. Apparently if enough Argentina players fall over at the same time, thatâs now considered conclusive evidence.
If weâre being honest, Paredes shouldnât even still be on the pitch after some of the tackles heâs made today. Yet somehow the only thing the referee managed to spot instantly was an invisible foul.â
ETH is the only chart I care about right now
I don't see a sustainable market-wide recovery on alts unless the move is led by ETH.
things will get ugly if ETH breaks the red line.
I donât understand how so many people canât see it.
GOLD added over $300bn to its market cap today.
Just today.
Itâs been adding an entire Bitcoin market cap in ONE WEEK!
And people keep saying âwHeRe Is ThE MoNeY GoNna CoMe FroM bRoâ ?
I donât understand how most cannot see that as soon as GOLD stalls, BTC is going to rip.
It is the most obvious rotation stunt from
big money.
BTC is being held down on purpose so big money can run up GOLD and rinse it for as much as they canâŠ
At the same time as shaking out every single Crypto holder and getting them to FOMO sell their bags to chase GOLD and stocksâŠ
And then theyâll top out GOLD using the normies as exit liquidity, and then rotate into and pump the fuck out of BTC.
Running that higher than most can imagine.
BTC and crypto isnât stalling because itâs overâŠ
That is what they WANT you to think.
Itâs stalling because theyâre holding it down for maximum pain, liquidating us all, and then buying up and running it up turbo once everyone has given up.
Understand this and stop being a retard.
Youâre welcome.
The previous two cycles both lasted exactly 1064 days.
If that pattern repeats, this #Bitcoin cycle should top around the 27th of October - with room for #Altcoins to keep running into late November.
Not saying it has to play out the same - just don't forget to take profits.
$ETH - OBV trying to decide if we get a bearish H & S or if we can invalidate it and run to an all time high. Will be curious to see how this daily closes.
Quick $ETH Chart Update
1. Found Support at our key S/R level as we covered on Youtube and chart updates
2. Finding resistance at $4.66k at the key S/R level, would be looking to flip that level and push back towards ATH. So dips are for buying
#Altcoins are still consolidating right below the final resistance level.
More and more individual charts looking ready to rip as well.
Something epic is brewing - I don't think we'll be waiting for much longer.
Send it higher, soon đ