Sykodelicc

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This is absolutely massive.
Bitcoin as of now, has put in a 20% weekly candle.
This has only happened 3 others times in the last 5 years.
And each time it has been the beginning of a very bullish period in the market.
Of course, Bitcoin can still retrace a bit this week and lose some % gains, but nevertheless, this is a massive candle, especially as Bitcoin was in the $60k's when it started.
Each other period this happened Bitcoin was much lower in price.
This is not how bear market rallies happen.
Bear market rallies are slow and steady, baiting in bulls and giving loads of time for liquidity
BTC6.36%
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This is not nothing.
Bitcoin just closed its first daily candle above the 1D 200 SMA since November.
Every single time in Bitcoins history that it has done this, it has marked the end of the bear market.
And every time it has done it, it has done it with candles like these - straight through.
Personally, I would like to wait for the weekly close to celebrate this move, and as long as we are above $67,000, we are golden.
Great start for the bulls and lovely to see some green.
Enjoy it, frens.
BTC6.36%
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Took another bite into $SERV here.
We are sitting on a year long key level, with a Bullish divergence printing as we speak.
Buying charts like this, from projects like $SERV, that are down from the highs like this, when no one else wants to...
Imo is one of the best things you can do.
Hard as it is to buy charts like this, with the general sentiment not great around the chart, has the greatest R/R you will get.
Its a tale as old as time...
"Be greedy when others are fearful".
What you have to recognise about these situations is that you are actually so much safer buying assets at these kinds o
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$69,000 is an important level.
Not only is it the previous 2021 ATH...
It is our current STH cost basis.
This is the average price at which Short term holders purchased their coins.
Above that, a decent amount of them are in profits.
But another reason why this level is so important right now is that in every previous bear cycle, once Bitcoin managed to get above and stay above for a few consecutive weeks, the bottom was in.
Also, during every bear cycle Bitcoin has a few goes at breaking this before it actually sticks.
It tends to take 3 goes, and this next attempt will be the third.
What do
BTC6.36%
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Both longs are shorts are gonna get rekt.
There has been so much time for liquidity to build both below, and above the price.
You can bet your bottom dollar that the MMs are going to take out both sides before a true direction is shown.
We are very likely gonna get a whipsaw both ways, and soon.
At this stage i honestly don't even care, haha.
I just want the corn to DO SOMETHINGGGGG.
CORN-0.35%
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$ETH is in a position that most people do not understand.
ETH/BTC has been signalling to us the way for a little while now.
And though no two periods ever play out fully the same...
ETH/BTC gives us the strongest view out of any chart the current overall dynamic of how investors feel about market position.
It has been 448 days since the ETH/BTC Bottom.
Every other cycle high has been in the total opposite position.
It is highly likely that we are not where the majority think we are.
ETH2.55%
BTC6.36%
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In which year will $ETH make a new ATH?
ETH2.55%
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Wuyou:
The 2021 low was over 800.
When will the next Bull phase begin?
"The worst day of the bear is the first day of the bull".
The funniest thing about this whole situation is that the vast majority of people give up and finally flip bearish on the day the next Bull phase begins.
I have spent the day putting together an in-depth article about when this consolidation period will likely end, and why.
Included are lots of on-chain metrics linked with price technicals that map out our current bottom and when estimated when it will reach final stage.
If you want to check it out but have not subbed to my newsletter, you can sign u
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Read it with a free trial here -
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Men only want one thing.
And it's disgusting.......ly beautiful.
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We are gearing up for some really explosive moves.
You can feel the energy building.
The lack of volatility and compression we are seeing here only ever finishes in one way.
MASSIVE moves.
And because of the lack of volatility, no one is paying attention.
Things have become extremely quiet around here with everyone bored out of their minds...
Waiting for Q4 lows.
We are gonna move way before that.
It's gonna be soon.
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Nothing has changed from last week.
We re still at a very key area here for Bitcoin and we need to see it show its hand.
Get above $66,000 on the weekly, higher.
Reject and we get $60k, but then i think higher regardless.
Bull div still playing out.
The levels we are watching haven't changed for weeks now.
A big move is coming very soon. This historically low volatility always ends in a very big move.
And i think it will be up.
BTC6.36%
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Paxton:
this is good lets go
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This is what you call "Time Pain".
Over one whole month of trading between 8%.
Crypto bros are literally losing their minds.
The stillness and lack of volatility is fear inducing.
And this is only one month over the last 6 months we have had since Bitcoin hit $60,000 in Feb.
Bitcoin hit $60,000 in Feb and is trading today, 6 months later, at $64,000.
The mentally weak will never make it in this game.
Its just too hard.
Either way though guys, you will be saved from your despair soon.
Big moves are loading.
BTC6.36%
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This is a very strong piece of data.
Just around 80% of the Realised Cap value is now held by Long term holders.
This has only happened twice before.
- 2015 Bottom
- 2022 Bottom
Bitcoin is being diamond handed in a big way and LTH have very conviction here.
BTC6.36%
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Everyone is losing their minds.
Speaking like this time it really is over for Bitcoin because of the outperformance of equities against it.
Hardly anyone seems to remember, or has cared to check, that the exact same thing happened in 2019/2020.
Which is when what happened?
Surely you know by now...
Yes. The last mid cycle correction.
For a period of 280 days SPX and Bitcoin decoupled as SPX made significant new highs whilst BTC dropped 60%+.
This has never happened during Bitcoins full cycle bottom, because thats not how it works.
And we are not at Bitcoins full cycle bottom, which is why this
BTC6.36%
SPX12.38%
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There are only real ones left.
You can like me or dislike me....
But you can't say that I do not show up over and over no matter the market conditions.
Whether I make money or lose money on a trade...
Or I get a market call right or not...
I'm always here.
Always learning, and always pumping out content for free.
The only ones left now are the ones that truly love the game.
They aren't just here for the money.
They're here because they love financial markets...
And whether they are right or wrong sometimes, you can depend on these accounts because you know they aren't just here for the good ti
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