NΞO BLΞCK 🎩

:: Crypto Price Action & Liquidity Trading
:: Gems and Moonshots
:: Nothing I post is financial advice! Always DYOR!

[NΞO BLΞCK 🎩 @neobleck]

Bottom call!
I dare say my expected $BTC bottom is 54.5k (may differ among exchanges ofc).

I'm not gonna throw 10 prognosis at you just to delete the 9 ones that were wrong later.

Reasons below:

[NΞO BLΞCK 🎩 @neobleck]

@iWantCoinNews Doubled up my bag at 192

[NΞO BLΞCK 🎩 @neobleck]

@ChentoTrades Nice car!
M3? M4? M5? M8?

[NΞO BLΞCK 🎩 @neobleck]

@iWantCoinNews Again on the same boat 🤝

[NΞO BLΞCK 🎩 @neobleck]

@ReddBanksss Thanks, my partner in crime!

[NΞO BLΞCK 🎩 @neobleck]

@apinttoomany Thanks mate

[NΞO BLΞCK 🎩 @neobleck]

1/ I've said it for weeks: V-shaped recoveries don't end bear markets

A capitulation wick alone is not enough. Markets don't just need price capitulation. They need time capitulation.

The best bottoms form when nothing happens.

Scroll down for my MA-strategy to spot bottoms!

[NΞO BLΞCK 🎩 @neobleck]

@iWantCoinNews thanks

[NΞO BLΞCK 🎩 @neobleck]

7/ That's why I pay attention to long periods of boredom.

Not because I enjoy sideways price action, but because major reversals usually start with equilibrium, not excitement.

First sellers lose control.

Then a base forms.

Then trends reverse.

[NΞO BLΞCK 🎩 @neobleck]

6/ This is where moving averages become useful.

A flattening MA isn't a buy signal. It's often evidence that the market has stopped making meaningful new lows.

The indicator isn't causing the change.

It's reflecting it.

[NΞO BLΞCK 🎩 @neobleck]

That's the way I want most alt charts to look like. Then alt season is ahead.

Look out for flattening weekly EMAs.

If you wanna buy alts now: DCA
Otherwise: Wait a little longer

We're not far from the bottom.

[NΞO BLΞCK 🎩 @neobleck]

@iWantCoinNews Agreed

[NΞO BLΞCK 🎩 @neobleck]

4. I am swing long with a target of 71.5

[NΞO BLΞCK 🎩 @neobleck]

I am adjusting the path. Sorry, I have no desire to explain each and every line.

1. We have our weekly bullish divergence.
That doesn't mean "only up from here". We might see some up, but

[NΞO BLΞCK 🎩 @neobleck]

Bottom call!
I dare say my expected $BTC bottom is 54.5k (may differ among exchanges ofc).

I'm not gonna throw 10 prognosis at you just to delete the 9 ones that were wrong later.

Reasons below:

[NΞO BLΞCK 🎩 @neobleck]

what makes me think so?

3. another, clearer weekly divergence with a clearly lower weekly close and a higher or slightly lower rsi would confirm a bottom to me