Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Today's analysis on Bitcoin is purely trend-based and focused on the MACRO trend. (If you're looking for a technical indicator analysis, take a look at this one : )
If you're looking for a comprehensive update on the Bump and Run Method, you can find it here:
All in all, if timelines are considered BTC is due for a Bullish cycle. This doesn't mean we can't go sideways for a while, but it seems highly likely that the accumulation phase is now over. Another reason why I am bullish on Bitcoin is due to the uncertainty regarding banks at the moment. Check out the two posts linked to related ideas below, they cover all of that information.
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Note that just as the second fractal, this doesn't guarantee BTC will go "straight" up immediately.
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BTC taking a breather over the weekend, this week should be interesting.
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When Bitcoin takes a breather and trades range for a while, expect rallies across the ALT market 💰
@AlanSantana Thank you so much Alan, it is much appreciated 🙏⭐👍
SpartaBTC
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There is a clear fractal similarity in the secondary trends.
CryptoCheck-
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@SpartaBTC thank you kindly Sparta. Your continuous support is much appreciated 🙏🙏⭐🙏🙏
hiygg666
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what 🤣🤣 no 👎
JAD77
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I think if you compare accurately, last two times we created a double bottom after first 2x up, so, if you compare it, make the line downstairs and make double bottom and wyckoff accumulation :-) After we will get our bullrun in most likely not earlier then 2024.
raphael4800
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So lets play the game of probabilities, how do you know that the bottom is in? A 5th wave is an impulsive wave, I dont see that in the last wave, what I do see is a correction and with the black swan event of fox it gives me n indication that the so called 5th is actually a B wave meaning that we are in a extended flat correction. Your Bump and run is based on the market finding its bottom and what I see is a C wave playing out very well. The market doest have the liquidity to justify a massive run up, 85% of this move up since Jan has been reported by santiment as wallets with 1000-10000btc, massive whales and institutions buying up BTC, now the question is why? With the crash of the economy and the dollar do they know something we dont? or is this exactly what the 4th wave correction market physiology is showing us and then a pull back to test the lows? I just dont see where we will get the volume to get us to a bump and run without these massive wallets, 3 trillion traded when we hit our highs of just under 70k and we are already at 28k with only a trillion with only 15% in shrimps buying?
FudBox
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@raphael4800, man you should post some stuff, I'd follow it.
plebcombos
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@FudBox, he just did - karma and lots of energy to you my friend❤️️❤️️
VUDUTRADING
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@raphael4800 I agree, retail just isn’t flush with cash for a run like this