~ #BTC#GANN ~
Moon Chart! 🌛🌜
At this rate #BTC is in a weak position as far as Geometry is cocerned and needs to reclaim 63k for a continued move upto 72k by the 6th July, or a drop to 54k is on the table. 🔥🔥
$btc longs
Up +1300 points so far✅ Trimmed here at +1000 points.
Alright! Nice reaction so far, clearly showing the markets intent of our longs.
Unfortunately, I'm only 65% filled as my lower limits didn't get filled, I'm more than happy to proceed with this long and I'll wipe my tears with dollar bills meanwhile as I run to the bank.
Took with partials here, institutional liquidity invalidation is just above 60.3k so you want to keep your SL below that, i.e. mine is at 60.07k.
Happy with the long, happy with the first move so far, everything has been shared in live time.
Hope for our next target further up, to lock in our fifth W in a row. Final target for the bulk of this move sits at 66k, but you want to set risk free here and not act like you are the best trader in the world.
If you caught this move with me or copied me with conviction, you already are amongst the best because only few took it and you performed 90% of trading: nailing the entry, framing the invalidation liquidity and removing the risk off a trade.
Good morning.
$BTC
The top line projects Bitcoin towards $54K, and the bottom line projects 32K.
Whichever line is reached at the vertical time markers is expected to form the cycle low.
As I have said before,
Bears have 3 months to push $BTC as low as possible.
Whatever price Bitcoin reaches in August or September is likely to represent the cycle bottom.
~ #BTC#GANN ~
Hi Folks!
I need to clarify something about my post on todays Venus-Jupiter conjunction and the significance of it.
Based on statements and questions asked, many people are expecting a new bull run, or atleast thats what the takeaway was from my post by some, but I'm sorry to burst your bubble. What I need you to understand is the following.
Each planetary cycle has its own timeframe it works best with, as well as each planet or combination of planetary aspects or natal transits.
The other thing to note is that just because a conjunction or aspect forms on a specific date, we’re not looking for price to turn on a dime, it’s a general timing window, something to be aware of.
While price can shift quickly, it doesn’t have to. That said, there are other factors at play, it's all about Geometry first and foremost.
So what does that mean for Bitcoin?
It must hold above 63k to stay bullish which opens up a potential move to 72k, but failure to hold above 63k opens up the potential of a further decline all the way down to 54k.
So as you can appreciate, there are many factors at play in any given moment, it has to all come together to support either the bulls or the bears, so until I see that shift, I remain bearish overall.
I trust it all makes sense. 🔥🔥
Not exactly it’s not how these things work. There are several factors involved.
Clearly, the larger trend is down, Jupiter and Venus conjunction price target has been met perfectly. That also is the end of that cycle and a new one beginning. We really need to hold above 63K to see a greater move to the upside of 72 failure to hold 63K and a test of 57k is on the table, so unfortunately it’s just not that simple.
$BTC
So far, this cycle has mirrored 2022 remarkably closely.
The main difference is the volatility, deviations, and market manipulation.
This cycle has produced much larger moves above and below key levels. For example, in the previous cycle, BTC swept the ATH and retraced relatively quickly.
This time, price spent 60 days ranging above $108K before eventually moving lower, creating a much more prolonged distribution range.
We also saw a significant low at $28K in the last cycle. Once that level was broken, price never returned to retest it until the bear market had ended.
This cycle's equivalent appears to be the $74K low.
The key difference is that BTC aggressively deviated above that area beforehand, trapping and shaking out a large number of participants. As a result, the deviations around major highs and lows have been far more aggressive this cycle.
If the pattern continues to track the previous cycle, it would suggest that the bottom is likely close following the sweep below 60K.
However, given the increased volatility, we should also be open to the possibility of a deeper and more gradual deviation than what occurred in 2022.
Regardless, my view remains unchanged. I am a buyer at these levels because I believe the current cycle is nearing its bottom and the next major cycle will begin once this process is complete.
A few months of pain/chop is enough to make people go insane.
$BTC
Bids are still placed.
Honestly, I think it would be pretty wild for BTC to push into these levels so soon. We’ll probably see some more chop for now.
Usually, when you see a wall like this get placed, it rarely gets pulled because the RR is simply too good on the higher time frames for upside.
That’s why, in most cases, like I mentioned in my last post, price will temporarily front run these levels before eventually coming back to fill them.
Summary of my last 4 posts:
1️⃣ We achieved our 7.12% bounce, big celebrations for us
2️⃣ Bears peak posted into the 60k low, great sentiment present which fuels the bounce.
3️⃣ Our master plan part 1 is materializing, we move on to part 2, to slowly build shorts.
4️⃣ Shorts entered
I'm not saying $BTC can't go lower.
We could very well hit 45-50K into August.
I'm simply stating that 1-2 years from now, people are going to wish they had bought more.
They'll wish they had acted sooner and spent less time hesitating.
At some point in life, you have to be bold.
He who is not courageous enough to take risks will accomplish nothing in life.