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I'm about to answer the most important question in crypto right now:
Where are we in the crypto cycle?
I dug through the data, and discovered:
• When $BTC will (likely) top this cycle
• When the REAL altcoin season is going to begin
🧵: Here's what comes next for crypto.👇
I am yet to come across a full-time #crypto trader who does not promote paid groups/telegram channels/behind-the-paywall newsletters etc. Simply stay away from these grifters who make money from newbies and not from the market. #BTC#Bitcoin
🚀 #Bitcoin is in full-on price discovery mode, eyeing $90K with a potential breakout to $150K in this cycle. Regulatory clarity & Fed liquidity could fuel the fire, but watch that $73K-$70K support zone closely. #BTC bull run may peak sooner than expected! 📈 #Crypto#BTC
The earlier you understand, the better it is for you: Sell your coins when you are in profit. There are only a handful of coins that will survive in the next 10 years or so. Don't get sucked into the diamond hand/paper hand narrative. Everyone is here to make "real money".
#Bitcoin | The URPD shows that if $BTC loses $25,400 as support, it could dip to $22,650 or even $20,590.
#BTC needs to surpass the $28,830 resistance for a bullish trend reversal!
"The measure of wealth is freedom. The measure of health is lightness. The measure of intellect is judgment. The measure of wisdom is silence. The measure of love is peace."
@naval
Historically, #Bitcoin bear & bull cycles have all taken a similar amount of time.
If history repeats, we will print new all-time highs in October 2024, and top out just over a year later.
This suggests there is plenty of time left to accumulate. What do you think?
#BTC is trying hard to close above the bull market support band before the weekly close. It is unlikely we will break out above the band with this volume. #Bitcoin
#BTC is on the cusp of Weekly Closing below three Bull Market moving averages:
• 21 week EMA (green)
• 50 week EMA (blue)
• 200-week MA (orange)
All of these bullish momentum indicators may be confirmed as lost support soon
$BTC #Crypto#Bitcoin
I am yet to come across a full-time #crypto trader who does not promote paid groups/telegram channels/behind-the-paywall newsletters etc. Simply stay away from these grifters who make money from newbies and not from the market. #BTC#Bitcoin
Current #BTC sell-side volume is around half of what it was at previous price reversals earlier this year
Sellers are not yet exhausted
$BTC #Crypto#Bitcoin
#BTC I wouldn't blame people who run paid crypto groups, but then don't pretend as if you are a master trader or the next Michael Burry. If a substantial amount of your income is from paid groups, don't act like you are making millions every time #Bitcoin goes up or down
If #BTC drops to ~$26000 by mid-September then a Double Top may be forming
A breakdown from ~$26000 would validate the DT
And a Measured Move for the DT would be ~$22000
Worth noting but still very early stages & lots can still change in the meantime
$BTC #Crypto#Bitcoin
This platform is wild. TA has become more of astrology now! Nobody really has an idea (no matter what technical indicators you look at), but everyone will pretend as if they have some sort of crystal ball.
$LINK is 1 cycle behind on $ETH
The similarities of $ETH cycle 1 and $LINK cycle 1 are insane. The only difference are the percentage increases and decreases (this because the bull run returns marketwide were different in 2017 vs 2021, and the bear market of 2018 vs 2022).
If $LINK continues to follow $ETH's path, this would mean that:
- The bottom is in for Chainlink
- Up only from now
- Similar percentage increase would bring $LINK to $210 at the end of next cycle
- This top would be reached around May 2025