Sykodelicc

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Another bottom signal has fired for Bitcoin.
There has now been 3x weekly closes above the Bull market support band.
Any time Bitcoin has been in an extended downtrend, and then got back above the BMSB for 3x closes...
The major low has been in.
You can see in 2022 it tried, got one close, then lost after.
In a weak move the price might get one HTF close above a key level, but not 3.
The price action can do any number of things on a LTF basis.
But the main signals are on the HTF.
This is another strong one for the list.
BTC-1%
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It's crunch time here ladies and gents.
If Bitcoin is going to go higher, it should really break above the 200EMA now at $82,000 and hold it.
It has already closed one candle above, dipped, consolidated...
And now we are having another go.
-Funding has flipped deeply negative
-Coinbase Premium slightly back positive
-Spot volume is kinda meh though
Looks like we have trapped shorts and some positive pressure pushing up.
Should be enough to get it done.
Reject again here and I think we will get a deeper retrace, $74k - $77k levels, as we prepare to build again.
Personally, I think it can get i
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Are you starting to grasp it yet?
Every single macro chart that matters is telling you where we are and where we're going.
COPPER/GOLD has just broken above the 1W 50EMA and Suptertend, whilst the Business cycle is back in expansion.
EVERY SINGLE time this has happened, it has marked the start of the full risk on phase of Bitcoins parabolic moves.
Because they actually represent foundational macro forces.
I have been beating this drum for ages, and everything is playing out.
COPPER/GOLD and the Business cycle are extremely high beta signals for risk sentiment based on what they represent in a
XCU-4.1%
IN-5.58%
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Let me tell you the main reason we aren’t going back to $60k.
And it’s not because we’ve broken a few key structures.
It’s Because literally, as soon as we drop 1%, every single person starts calling for $60k and new lows.
If we drop 2% the amount of people that will chase with shorts will keep sending us higher.
Lower is the overbearingly crowded trade.
The vast vast vast majority are expecting lower continuation, this rally to fail…
And 4 year cycle to play out.
I’m here to tell you that it’s not going to happen.
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Lots of altcoins are waking up.
There are a lot of opportunities out there now and I’ll be looking to start taking some.
This period we’re in now, where the market is starting to recover, but alot still don’t believe…
Is the best time to get allocated.
Very soon I’ll be sharing some good opportunities and taking on more risk.
Let’s get back into the grind chads.
Who’s ready? 🤝
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Ethereum is getting ready.
Once Bitcoin has finished its structure changing move, Ethereum will have its turn.
Over the last 5 years $ETH has been ranging, with several deviations and reclaims.
Interestingly, each one has taken about 70 - 77 days, and once it has reclaimed the lost structure, it has resulted in a strong move back to the range highs/lows.
We also have this confirmation on the 1W MACD, and ETH is back inside the range, solidifying its position there as it prepares to move higher.
Once it goes, it will spark the start of the next altcoin run that lasts 12-18 months.
It will start
ETH-1.63%
BTC-1%
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The delusion is wild to see.
-Stocks ripping
-Copper pushing
-Liquidity expanding
-Credit expanding
-Business cycle expanding
And there are still so many people out there who think Bitcoin is going lower.
It’s not happening.
Wake up now and read the overall macro room or be left behind.
This ain’t a drill.
BTC-1%
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The volatility has only just started.
And when the market enters this period, it becomes extremely hard to navigate and it’s where most people make the most mistakes.
Before this move, everyone was bearish, expecting lower.
Now, many are still bearish…. But more unsure.
From here the market becomes even more volatile and misleads you.
Here is how it tends to work.
Next we pump to $86k and a lot of people that were bearish, flip.
They go long at the point where the market locally tops.
They all hit liquidations and bitcoin drops to $78k, making everyone bearish again and they go short agai
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PUMP-4.87%
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Is this for real?
Has Ben Cowen only posted twice in the last 5 days?
Come on man.
This is what I don’t like.
If you’re going to be a loud mouth mf’er when things go your way and come at people for being wrong…
Then when you are wrong, you have to be just as ready to own it and face it.
You can’t disappear like this that is so cowardly.
He was posting 10 times a day before about BTC going down and pivoting to metals at the top, lol.
Ben Coward.
BTC-1%
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Yes you were.
No one knows this, but Killa blocked me for engaging in a counter to this “MuCh LoWEr” constant thesis.
He jumped in my DMs and shared his PNL sheet and tried to clown me, then blocked me.
He also asked me how I got so much engagement by posting nonsense.
Now, it looks like he has gained a lot of followers and engagement for being wrong.
But I can’t revisit our little interaction cos he blocked me.
I was right, he was wrong.
He grew to over 200,000 followers by being wrong.
He had less than me when we first engaged.
Lesson is - fear sells.
No one wanted to hear about my
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This rally has been very clean.
And its not showing signs of stopping yet.
This whole move has been supported by the most amount of spot volume we have seen in a very long time.
In addition, funding is the most negative it has been since the $60k bottom.
Basically, there are a lot of trapped shorts and they're having to pay large fees to keep their positions open.
They're getting squeezed very hard...
And because this is a spot driven rally, price is holding strong and not giving them a way out.
My view is that this rally ends with a large short squeeze, and soon.
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The structure has now shifted completely.
Anyone still holding on for new lows needs to adapt, fast.
Bitcoin has now reclaimed the low of its previous trading range.
When this happens, it signals that the impulsive move is done.
When a move is impulsive, the price will never go back to meet its previous high/low of the range.
And you can see here in this chart that in 2022, as soon as Bitcoin actually reclaimed the low of the recent range, it marked the bottom.
The same has just happened here.
Bitcoin has reclaimed the low of its wave 3.
Charts that impulse up or down to make new highs/lows do
BTC-1%
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I wouldn't be longing here.
I am now HTF bullish again, but I wouldn't be apeing longs at this level.
Bitcoin is in a very sensitive position here and can easily reject.
What you want to do is wait for confirmation and acceptance.
If we close the daily above $78,700 that is the best case for bullish continuation.
Close below and we will likely see some lower prices.
Dont chase here as we are playing with this very important level.
Have patience and wait for confirmation either way.
Higher is coming though imo, whether it is this push or the next.
BTC-1%
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About to land in Japan!
Much needed break away after a very stressful week.
Thanks again to all you legends who have sent well wishes and love - my wife and I really appreciated it.
Time to smash some Sake, ramen, and go to Nintendo worldddd.
Also hope I meet Goku.
Who’s been before? What are the absolute must do’s in Tokyo?
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The strongest macro signal has now confirmed.
We now have both:
- COPPER/GOLD 1M MACD Bullish cross
- Business cycle in expansion
These two vital pieces of fundamental macro data are both aligning...
And when this happens, it has always marked the start of the most explosive periods of Bitcoins cycles.
Each one lasting for an average of 380 days.
You do not need any other piece of data to understand how bitcoins cycles work.
I have signalled on this chart the time difference between the MACD bullish crosses, and the last two have been in 4 year cycles...
Which is exactly where THE 4 year cycle
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The monthly close was bullish.
Lots of confusion out there, but make no mistake, it was bullish.
Why?
1. Printed a morning star reversal pattern
2. Closed its body above March's wick high(strength)
3. Closed back above the 2025 year low
4. Has held monthly supertrend for 3 closes above now
5. It did this whilst the 1M RSI hitting previous bottom levels
Each bear market, Bitcoin has, at most, tested the monthly supertrend once, before slicing straight through it and confirming bearish.
This time, it has now held it for 3 straight months. Because this isn't the same bear market. This is a mid c
BTC-1%
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"Bitcoin is doing nothing while stocks surge"
I get the frustration.
But you need to recognise that Bitcoin has dropped far lower than stocks from its highs, and broken a lot more structure.
It doesn't matter how bullish stocks/the macro is, bitcoin will not just one shot giga candle punch through all of the resistance it now has above it.
Right now we have:
- True market mean at $79k
- STH cost basis at $78k
- 1W 50EMA at $86k
- 1D 200EMA at $82k
- 1M Bull market support band at $78k
These are all very strong and key resistance levels and it takes time and multiple attempts to do so.
But righ
BTC-1%
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RenataMoreira:
Say how it's going, now only money is left to pay.
Will this be the first time Bitcoin invalidates itself?
Every time in the last 6 years that Bitcoin has broken its long term trend on price, and RSI, it has marked a pivotal shift.
So why are so many ignoring it this time?
The same reason why so many ignore it at the top in reverse.
When you get this kind of clean trend break, included with a reclaim of HTF bullish structure...
It does not mean nothing.
This isn't my opinion, its just an objective fact.
We have so many people out there expecting new lows, when in this situation we find ourselevs in, Bitcoin has always bottomed.
You combine thi
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Sekayla28:
We will find out the truth very soon.
Big moves are brewing.
The monthly close is due for Bitcoin in a few hours and it looks great.
But the overall macro picture looks absolutely phenomenal.
Let's go over this in detail as we close out this month and talk about the historically, 100% accurate, bullish situation we are in.
This is the 1 month chart. The chart that tells us the biggest and clearest HTF story of all.
I have covered these before, but the data continues to go the way I expect, which means incredible things for markets.
We are about to confirm one of the strongest bullish risk on signals in existence.
COPPER/GOLD - 1M
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Had some shit news this week chads…
And haven’t been that active because of it.
Wife lost the baby… no idea why.
Was fine at 8.5 weeks and 10 weeks, then 13 weeks no heartbeat.
Down bad ngl.
Anyone else been through this? And was it ok the next time?
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