we are very close to the $MSTR $STRC capitulation event. every cycle there's one entity that goes bust and at the same time created the biggest buying opportunity ever.
Don't miss it this time.
I did make a short trade on $EURUSD 2 days ago and forgot to post it. It's been doing well. Was a Turtle Soup of the high and right now going for liquidity below.
SL down to 1.159 to protect capital. Aiming for SSL.
backing up this thesis, the same way I did it on the way up, now I'm applying the same concept on the way down: Liquidity are stacked at Equal Highs (EQHs) and Equal Lows (EQLs).
We got some EQHs over here at 74000 and 78000. I think at least 1 of them is going to be taken before real capitulation. $BTC
$BTC Monday range was swept today. but it's the Monday low that was swept, which is a bullish sign.
Since prospective $BTC bottom is still 3 months away, I'm expecting another leg up from now, given that we just got a bullish swept of Monday low.
Some statistics on repeated patterns observed in $BTC cycles:
- The most recent low we just made on June 5th, is 242 days from the top. Historically, in both 2018 and 2022, $BTC also came down to a previous low after 242 days from the top, retraced upward for 2 full months, to some lower high (more on where specifically later) and then proceeded to dive to the actual low.
- I believe we are following the same pattern this bear cycle. The second low, fake double bottom after 242 days is in. Now we are playing the retrace upward, which could last > a month.
- Historically, this retrace went for the equal highs/ equal wicks found on the way down. If that thesis plays out this year, the cluster of upper wicks I'm paying attention to sit at $74000.
In short, I'm playing a long to 74000 for $BTC for now.
$BTC Monday range was swept today. but it's the Monday low that was swept, which is a bullish sign.
Since prospective $BTC bottom is still 3 months away, I'm expecting another leg up from now, given that we just got a bullish swept of Monday low.
Some statistics on repeated patterns observed in $BTC cycles:
- The most recent low we just made on June 5th, is 242 days from the top. Historically, in both 2018 and 2022, $BTC also came down to a previous low after 242 days from the top, retraced upward for 2 full months, to some lower high (more on where specifically later) and then proceeded to dive to the actual low.
- I believe we are following the same pattern this bear cycle. The second low, fake double bottom after 242 days is in. Now we are playing the retrace upward, which could last > a month.
- Historically, this retrace went for the equal highs/ equal wicks found on the way down. If that thesis plays out this year, the cluster of upper wicks I'm paying attention to sit at $74000.
In short, I'm playing a long to 74000 for $BTC for now.
i'm in a little bit of SPX6900 again. Yes $BTC bottom is expected on October, but alts usually bottom much sooner, and SPX6900 has been showing relative strength.