Didn’t think I would get the chance back here…
But have, for the first time in a while, bought some $ETH.
Lowest 1D RSI ever.
When markets move like this it’s very hard to say when the pivot low will form, but historically, buying at these heavily oversold prices is very profitable.
Back in accumulation mode 🫡

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Sykodelicc

16h ago

So we have now had a drop back to the lows.
Personally, as you all know, I didn't have this down as my base case.
Once we reclaimed $74,400 with a few weekly closes I was not expecting to see below $70k again.
However, now, we look forward.
And the question still remains...
Are we going to continue to follow the traditional bear market pattern of dropping lower until Q4?
That still is undecided imo.
And as you all know, I do believe, and with a lot of data to back it up, that we are in a different type of bear market than previous ones.
The closest bottom I can link to this one is in 2015.
Thi

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Sykodelicc

06-03 21:55

Daily RSI has only been lower twice in the last 6 years.
- Feb 6th
- COVID lows
Each time Bitcoin was making large new lows.
COVID was a 50% daily drop.
But Bitcoin hasn't made new lows this time... yet.
Regardless, this is massive selling pressure without making fresh lows.
And the other two times marked the bottom.
This has been another huge unwind.

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Sykodelicc

06-03 21:39

The 4 year Bitcoin cycle doesn't exist.
And at the moment, neither does the Business cycle correlation.
Everyone who is following the 4 year cycle is saying "this is just 4 year cycle bro you are coping"...
But its not.
Bitcoin has never been in an isolated bear market like this against everything else.
Every single Bitcoin bear 4 year cycle has happened with:
- Equities dropping
- Global liquidity index dropping
- Business cycle contracting
But right now we have:
- Equities screaming ATHs
- Global liquidity index ATHs
- Business cycle expanding
Which is the environment in which every single b

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Sykodelicc

06-03 15:51

Alts have massively outperformed over the last 2 weeks.
Bitcoin is down 11% - the weakest
Ethereum is down 8% - Not as weak as BTC
However, OTHERS is up 6%.
This is a huge divergence from how OTHERS behaved within the last drop in Feb, and totally against the usual manner of things.
OTHERS is the riskiest asset index and as such, should lose the most value the fastest.
Another interesting point here is that Bitcoin has been weaker than ETH on every recent major market drop.
What this tells us is that this whole correction is a mainly a Bitcoin only move, and some of the market is being pulled

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Sykodelicc

06-02 21:07

This is crazy.
The Copper/Gold ratio just flipped bullish on the 2W Supertrend.
This is an extremely high beta macro signal.
We can see here that everything on this chart is a key macro signal, and everything always aligns.
- 2W Supertrend flip
- MACD Bullish cross
- Business cycle hit 54.0
But as I've been saying a lot today, Bitcoin is yet to respond and we are waiting for that final piece.
These combined conditions are very uncommon, and they have only every happened at the start of every single Bull cycle in Bitcoins life.
That is literally the only time these occur together.
And they have

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Sykodelicc

06-02 20:35

Bitcoin has everything it needs to move.
With a 100% track record, the business cycle being at 54.0, with equities making new highs and the Copper/Gold ratio pushing hard...
The environment that has created the strongest periods in bitcoins life is right where it needs to be...
But Bitcoin is not responding.
There have only been 2x 4 year cycles.
Whereas every single cycle, the main bullish phase has been marked by the conditions mentioned above.
Every single one.
And there is a very valid reason for that, which is why everything else is making new highs.
But Bitcoin seems dead in the water, f

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Topinvest:

Hold tight 💪

Sykodelicc

06-02 16:56

BTC Dominance should rise when Bitcoin drops.
And that is the way it always is, pretty much every time.
This is because Bitcoin is the largest and strongest Crypto asset.
In a weak market, Bitcoin should be strongest of the weak.
During every other major market drop, BTC Dominance has risen as BTC has dropped.
The only outlier is the $69k peak in Nov 2021 when Bitcoin dropped, Dominance also dropped as thats was the final blast of alt szn.
Since the $126k top, Dominance has either risen or stayed level during the downturns.
But today it has dropped hard with Bitcoin, as the wider market does n

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Sykodelicc

06-02 16:40

The market is in a very strange place.
My holdings today have barely budged whilst Bitcoin is down a lot.
And what is super curious, is that OTHERS is at the same price level it was when Bitcoin was 12% higher at $75,000.
And we can see here how different both ETH/BTC and OTHERS are responding to this Bitcoin drop.
ETH/BTC looks like it has actually bottomed, and OTHERS is higher over the last week and holding.
As you can see from the Feb Bitcoin drop, everything followed and even dropped harder.
And that is the way you would expect it to be within a weak market.
Bitcoin dominance should incre

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Sykodelicc

06-01 14:53

Bitcoins weakness against the wider market has reached its highest point ever.
It is now the only macro asset not in expansion.
It was very tightly correlated to IGV for years, all the way until a few weeks ago.
Now, even IGV has played out its expanded flat correction...
While Bitcoin fails to capture the momentum.
At this moment, Bitcoin has completely decoupled from every other macro asset, for the first time since it was created.
Why is this happening?
I honestly don't know.
But very soon, if it does not respond to the wider macro forces and catch up...
We will have to accept that Bitcoin

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Sykodelicc

06-01 14:31

The business cycle just hit 54.0
A level that only ever happens within the periods of overall expansion.
At the exact same time as COPPER/GOLD has broken into a HTF uptrend, and above is 1W 50EMA.
These are both absolutely fundamental macro charts that precede and mark every form on overall expansion.
Without fail, every time these conditions arrive it has lead to a massive bull cycle for Bitcoin.
Right now, Bitcoin is not showing us this...
But it doesn't change what is happening within the overall foundations.
These things do not mean nothing.
There is a reason this has been 100% correlated

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Sykodelicc

05-30 10:27

Everyone is giving up on alts at the wrong time.
And that in itself, is the signal.
OTHERS.D has had a daily close above the 10/10 candle, and firmly above the 200D SMA.
Every single time OTHERS.D has reclaimed the 200SMA it has gone on to make at least 250% gains.
With OTHERS.D now back in an uptrend after over 6 months...
Now is the time to heavy allocate...
Not leave.

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Sykodelicc

05-29 13:06

This is going to dump hard in June.
USDT.D is looking very bearish.
After a 6 month break of the uptrend, we are now getting a perfect retest, whilst Bitcoin finds it pivot low under our weekend lows of $74,100.
We are in the most sensitive area right now for BTC and USDT.D, where the next overall direction is going to be decided very soon.
BTC up
USDT.D down
June.
Soon.

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Sykodelicc

05-27 19:38

Altcoins.
Presented without comment.

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Sykodelicc

05-27 15:34

The bears are running out of cards.
This range has now gone for too long for it to be considered like any other previous bearish range.
The only card they had left was the 2022 bottom, but that has now also been invalidated.
We have now had a bullish 10/20 SMA cross on the weekly, something that has marked every market low in Bitcoins history.
You can see that this didn't happen in 2022 until after the drop to $15,000.
In addition, at the current point we are now at(112 days), Bitcoin, in 2022, was pretty much at the lows of the range.
Now, we are holding above HTF market structure of 74,400 a

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Sykodelicc

05-26 21:03

Bullish on this.
Smashed my 5k PB today.
About to be 37 years old and fitter than I’ve ever been, 100% natural.

You don’t need steroids, peptides, or anything else.
Im 93kg and definitely don’t have a runners frame.
39 resting heart rate and VO2 max at 60.
We aim to excel financially but physically, is even more important.
It’s gonna be a good rest of the year!

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Sykodelicc

05-25 21:14

Altcoins are priming for higher.
There is nothing bearish about this chart.
OTHERS is coiling here, preparing to head back up to the range highs.
The 10/10 wick was swept, and HTF bullish structure was reclaimed after a deviation below.
Many individual altcoin charts look incredible.
Bottom is in for OTHERS.
Higher.

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Sykodelicc

05-24 16:13

The macro low is in.
We will be hitting new highs way before we ever see $60k again.
And the most important charts in all of Crypto are signalling this beautifully.
We have been analysing and commenting on COPPER/GOLD and the Business cycle for some time now...
And things continue to play out on that front as expected.
Price action over the previous 5 months has been tricky, but the macro charts have been straight forward.
We have had the ultimate trifecta now confirm together:
- 1W Supertrend flip bullish on COPPER/GOLD
- HTF reclaim on previous cycle low COPPER/GOLD
- Business cycle in expan

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