Jellee1

We are gigantic 🇳🇱
#gekoloniseerd #Olympics2026

$SILVER continues to follow the $BTC 2017 blow off top pattern.
Insane how market psychology translates from early stage bitcoin, all the way to a multi-trillion-dollar asset class.
Slowbleed.exe next if it keeps playing out the same.

In the last cycle, I bought the $BTC bottom - and it wasn't because I planned on buying at those prices.
I bought because the market only crashed a relatively small amount after FTX imploded.
In a long bear market, price had digested so much bad news that even such a massive event failed to push price much lower.
Sure, we sold off 20% after the news hit, but once the market digested that, it started moving sideways - taking out the lows, and then making higher lows!
Those types of signs are what I'm waiting for again.
Sure, there are levels I wanna do business at - but it all depends on what

$BTC is still playing out incredibly similarly to the 2022 bear market.
Circled area is very similar to current weekly structure as well.
Not saying it will play out the same; but the similarities are too strong to ignore.
Patience.

$BTC is fighting the 4h 50ema again, for the first time since late January.
The last failed attempt sparked a massive sell-off. Bulls have to step in quickly, or price will lock in yet another failed reclaim soon.

It looks like $BTC has indeed found a local demand area - right around the previous all-time highs.
Generally speaking, it takes multiple weeks of reaccumulation before moves like these reverse.
Patience.

The grey box seems like a reasonable area to find a bottom.
If we start moving sideways around here for a while, with sentiment completely in the gutter - i'll be a buyer.
$BTC

So far in $BTC history, every cycle bottom has formed under the 0.618 retracement.
Very far below it at first, but increasingly close to it with every cycle that followed.
0.618 sits at $57k today.
How low will we go this time around?

$BTC's weekly RSI is now lower than it ever went in the 2014 and 2018 bear markets.
Oversold.

$BTC's Spent Output Profit Ratio is going deeper into the red, suggesting more and more coins are being sold at a loss.
Exactly what you want to see in a bear market.
Patience my friends. We will have our fun again.

History does not usually repeat, but it often rhymes.
Would not be surprised if $BTC follows a playbook somewhat similar to this.
It has been playing out remarkably similar to the 2022 bear market so far. 👀

Never fails.
$BTC