Jellee1

GM
There is the capitulation, right into the 200w MA.
Bought some more here, let's see.
$BTC

Looks scary, but the plan remains unchanged.
Eyes on the higher low, whenever it forms.
Until then, I relax & enjoy the show.
$BTC

Moment of truth for the market today.
$BTC had already been weak while the S&P bounced - but if the stock market rejects & rolls over here, things could get painful.
Could be the push that crypto needs to enter short-term capitulation, though.

Zooming in to the 4h chart - $BTC is still being walked down.
4h 25ema serving as resistance on every bounce.
Don't see a need to get in front of a moving train.
I'll simply wait for signs of a reversal, and act then.
🧘‍♂️

Even though we're currently on our sixth red week in a row, I've seen $BTC weekly charts that looked a lot worse.
Bitcoin is still standing after those times, and it will survive this too.

Michael Saylor really telegraphed to us that the bottom was in, and hardly anyone believed him.
All you can do now is wait for that higher low to form and get on the programme there.
Patience until then!
$BTC

Lots of sell pressure these past weeks, but according to @glassnode data, large wallets have started accumulating again 👀

$BTC has made it to the 200d MA.
First reaction was positive, but bears aren't giving up just yet.
Can bulls defend the key area again?

$BTC Dominance is pushing deeper into the main resistance.
We haven't had a proper, face-melting #altcoins bull run since 2021.
If BTC breaks the grey box, it doesn't look like we will see one this time around either.

The Dutch government is falling apart over the new wealth tax proposals!
The left-leaning parties in the coalition just struck a deal with left-wing PRO & Volt to cut out right-leaning VVD from the discussions, raising taxes on the wealthy - attempting to secure the majority they need to pass their ridiculous unrealised gains tax on crypto and metals by shifting further to the left.
This comes shortly after the advisory branch of the Dutch Supreme Court took a steaming shit on the idea, raising a bunch of red flags about unequal treatment of wealth. Under the proposed system, a crypto or metal

Feels like a pretty important level for $BTC here.
Sentiment in the gutter to match it.
I dunno man, I think I'll just stick to the plan.

Perhaps it is time to bring back the bullish megaphone.
Those who followed me in 2023 remember. 😉
$BTC

Important couple of days ahead for the market.
The S&P bounced from 200d MA as expected - and now faces local resistance.
Reclaim it, and we likely see everything move higher again once more.
Reject; and there's more pain on the menu.
$ES / $BTC

The same people who prayed for a dip throughout September and October are shitting their pants here.
Classic.
$BTC

The first higher low is always the scariest.
Patiently waiting for it to form, and then we hit the gas.
$BTC

$BTC vs $GOLD.
Gold's season is behind us, BTC season is here.
The major level has been reclaimed, and BTC is now coming back down to turn it into support.
Expecting a push towards the highs over the next 2 years or so.
Should mean for a nice return vs the dollar. 📈💰