I love simple charts.
Whenever Bitcoin is trading below the 200 WMA you should be aggressively accumulating...unless you hate money.
Thank you for your attention on this matter.
๐จ BITCOIN IS BACK AT EXTREME FEAR.
Just like it happened in:
- COVID
- SUMMER OF 2021
- FTX COLLAPSE
We ALWAYS get Extreme Fear right before a massive rally to the upside.
This might not indicate the EXACT bottom in the short-term, we might still head a bit lower from hereโฆ
In fact, we could still revisit the $40,000 level.
BUT, this is a great time to start accumulating again.
I have already started DCAing here.
Altcoin market cap just printed a golden cross
This signal marked the start of major alt runs in previous cycles
Structure is deeply oversold versus BTC and turning up
We are going higher
๐จ BITCOIN IS GOING TO ATLs
Every cycle top hits the macro trendline and then dumps
2018 -> $20k -> -85%
2022 -> $69k -> -77%
2026 -> $126k -> -???%
The structure has not changed
The real question is HOW DEEP THIS DRAWDOWN GOES?
$BTC MONTHLY OUTLOOK โ CYCLE STILL INTACT? ๐
๐ Price continues to respect the macro rising channel
Pullbacks to channel support (~$50K - $60K) have historically led to expansions
๐ฏ Median trajectory points toward ~$165K if structure holds. (NFA)
#Bitcoin#Crypto