$BTC Sunday update:
Over the past month, I've been quite loud about the possibility of this long wick to the downside getting filled.
And we finally got here!!🔨
We've filled the 1W wick at $53.6k, and almost the 1D wick at $51.5k.
Is the downside trend finished here? 🧵👇
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⚠️VERY IMPORTANT⚠️
Trying to help! Always free content trying to help 🙏
My analyses are done on Weekly, Monthly & even 2M.
These can take weeks or months to develop! Remember in 2021 when we were at 65k & I said 20K was inevitable?(20k took 11 months to unfold). Remember when I mentioned the market correction was coming & all alts were going to sink 40-60%? That was almost 3 months ago!
Yesterday 7W flipped bearish for the first time since February 2023. Last time it flipped bearish was in April 2021 when we reached ATH.
🙏PLEASE REMEMBER🙏: Whatever you do, just bear in mind that pumps are for exit, because the crypto market downtrend began when $BTC Monthly flipped bearish on June 1st 2024!
There won’t be 100k! Ignore the halving event! What there will be is a bear market starting end of Q4 or earlier and $BTC will reach 20K and lower in 2025. Whatever bullish news & tweets you see out there, please don’t ignore what I am saying! Buy yours bags with the intention to sell, because this catabolic cycle will be cruel in 2025.
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how I behaved in the last 36 hours
1 point: unlike the degenerates out here, I will have made 2\3 leveraged positions (in fact my portfolio is intact)
2: yesterday as soon as I told you that these were opportunities and I posted the btc and eth spot plan chart, I bought spots on 54\50\49k and eth 2200
3: I bought some altocins yesterday on the dips $FET $AAVE $TAO $ZIG and some shitcoins but with low size
4: now what I will do is hold these spots for a while, if the market gives me deeper dips, I will increase my positions
5: have no prejudice on the market; everything can change quickly! you have to look at many factors that can influence the price! no conviction! the markets rule! the next two months will be really essential in understanding the macro moves!
6: I am able to be profitable because I think objectively and am able to calmly evaluate every decision, without ever being in a hurry to jump into position! for me every single dollar is of absolute importance
7: It takes time to understand all this, so never give up! no one is born learned! I fought for years and years before becoming truly profitable!