It worked just as we expected, if we exceed 64.5K in the NYO, it can become interesting to go above 65K.
August will be bullish, but September and October will be VERY RED, be careful. $BTC
It worked just as we expected, if we exceed 64.5K in the NYO, it can become interesting to go above 65K.
August will be bullish, but September and October will be VERY RED, be careful. $BTC
Basically Iβm long because of this divergence and because there were enough Spot purchases in this area, they have already been filled, now they are also above 60K, I leave a few DCAs also in those areas in case we arrive in some wick that I try to liquidate. $BTC
Basically Iβm long because of this divergence and because there were enough Spot purchases in this area, they have already been filled, now they are also above 60K, I leave a few DCAs also in those areas in case we arrive in some wick that I try to liquidate. $BTC
We had the first level of pullback at 0.382, the second at 0.618, now we are at 0.382 which converges with the bearish trend line, with a wall of sales above, if there were a mob of spot purchases we could break it, but there are only perpetuals, so you can see the typical Sunday of pump-the-shark and trash dump on Monday. $BTC
These are the spot and perpetual orders that are open now for whales, I just want to show you that whoever really moves the market is positioned and knows what he is interested in doing right now, I hope you see it, have a good weekend everyone! $BTC
Why the bottom for $BTC is not in
Bitcoin's Realised Price is the average cost basis for all holders
Currently it is 53.6k
Bitcoin has NEVER bottomed in a cycle without trading below the Realised Price
2011 β BTC bottomed at $2.1, about 58% below the Realised Price of $5
2015 β BTC bottomed at $152, about 49% below the Realised Price of $300
2018 β BTC bottomed at $3.2k, about 47% below the Realised Price of $6k
2022 β BTC bottomed at $15.4k about 34% below the Realised Price of $23.3k
58%, 49%, 47%, 34% β see a pattern forming?
My prediction for the next Bitcoin bottom is the Realised Price minus 20-30%
In other words β 37.5k-42.8k
Bookmark this because I know I'm right