I first shared this chart 2 months ago, but I like to keep it saved to share over time for a few reasons, one is it is a great reminder for how long this could potentially play out and helps remind me to plan with patience. Second, it's a good indicator for many other altcoins going through a similar market structure that will give us opportunities to accumulate those crypto assets you believe it long term.
The final reason I keep this chart saved is of course to see how accurate I am, this blue drawing is nothing but an estimate for how I see this going down - the overall methodology is what's important to me:
- Minor relief bounce that traps buyers and we head lower to below order block that we recently tapped
- We start to flatten out as we enter a long period of accumulation, where many retail investors will become complacent, bored, fearful, or exit
- We get one final punch down for a very, very good opportunity to collect supply at cheap prices for a long time (potentially lower order block)
- We re-settle at the base again before a final shake-out and head up as supply is scooped up
- Major break in macro structure tot he upside, volume pushes back and we form a new level of support above the EMA200 and upper resistance OB
- Retail fomo's back in at higher prices that are STILL considered early to the long-term bull-run that is imminent, however they are buying at premium prices compared to where you were accumulating 70-80% lower (potentially
+150-300% from your laddered entries)
- Take off! - macro bull run that takes us to ATH's in 2023ish where if you have discipline, patience and conviction, can provide you with potentially life changing gains
Assumptions and considerations:
- Timeline is not known, with current economic outlook this could be drawn out much longer than we expect, do not take the drawing to scale in regards to time OR price - Although I've mapped out some significant OB's.
- Bitcoin may not break below macro bullish market structure at 13k, but ALTS very easily can and already have entered their own version of bear markets and could continue to bleed - it will seem as though they are dead
projects, which many WILL be dead, so do your own research and stay updated as to growth and fundamentals)
- You have a job or some sort of steady income, that can provide you funds to accumulate over TIME, not all at once. If prices keeps dropping, consider pausing your laddered buys, locate your buy zones and let
price come to it
- WW3 doesn't break out and we go into major economic depression for the next decade and risk off assets like crypto where investors flee to gold or treasury bonds (this is potentially, slightly, more possible than we may think)
If this time next year prices are drastically different, what would you wish you had done today?
V
The final reason I keep this chart saved is of course to see how accurate I am, this blue drawing is nothing but an estimate for how I see this going down - the overall methodology is what's important to me:
- Minor relief bounce that traps buyers and we head lower to below order block that we recently tapped
- We start to flatten out as we enter a long period of accumulation, where many retail investors will become complacent, bored, fearful, or exit
- We get one final punch down for a very, very good opportunity to collect supply at cheap prices for a long time (potentially lower order block)
- We re-settle at the base again before a final shake-out and head up as supply is scooped up
- Major break in macro structure tot he upside, volume pushes back and we form a new level of support above the EMA200 and upper resistance OB
- Retail fomo's back in at higher prices that are STILL considered early to the long-term bull-run that is imminent, however they are buying at premium prices compared to where you were accumulating 70-80% lower (potentially
+150-300% from your laddered entries)
- Take off! - macro bull run that takes us to ATH's in 2023ish where if you have discipline, patience and conviction, can provide you with potentially life changing gains
Assumptions and considerations:
- Timeline is not known, with current economic outlook this could be drawn out much longer than we expect, do not take the drawing to scale in regards to time OR price - Although I've mapped out some significant OB's.
- Bitcoin may not break below macro bullish market structure at 13k, but ALTS very easily can and already have entered their own version of bear markets and could continue to bleed - it will seem as though they are dead
projects, which many WILL be dead, so do your own research and stay updated as to growth and fundamentals)
- You have a job or some sort of steady income, that can provide you funds to accumulate over TIME, not all at once. If prices keeps dropping, consider pausing your laddered buys, locate your buy zones and let
price come to it
- WW3 doesn't break out and we go into major economic depression for the next decade and risk off assets like crypto where investors flee to gold or treasury bonds (this is potentially, slightly, more possible than we may think)
If this time next year prices are drastically different, what would you wish you had done today?
V
Vatsik