1. Same distribution pattern as the last 2021 Summer in a much larger TF.
ALT SEASON starts with BTC making the TOP and the big correction, retrace for a LH to make the POP also in the ALT coin market.
2. Making a LL , which will indicate a bear market for BTC. ALTSEASON starts when BTC goes to the retrace after the LL, when we reach the retrace 0.702 POP on...
As you can see the accumulation during this phase of the end of the year, continuing 2022 right now on early January. It's like the accumulation previous the big rally that FIL had. The structure is almost the same identical, even the RSI is so identical like the last accumulation.
Just Hodl. Fracture of the last rally tells us about huge movement upside. Lets...
Overall stock market is a bit scary, by making the chart pattern similar to the fractal before the Great Depresion of 1929 began.
Stock market corolates also with the crypto so we must be cautious about BTC when it gets around 75k-80k.
Once we get with BTC to around those prices, and there BTC makes a 40-50% crash, than we must know the indicatiors show that the...
Same pattern repeating...
It is clear that it broke the downtrend after these last retraces from the low, while creating always a higher low and a higher high.
Lets continue that...
Also with the Phoenix indicator telling that upward pressure is comming in shaa Allah.
Targets to the upper line channel, creating another higher high.
Due to the back test of the breakout of 39-40k, we hold it. we just need maybe to retest without making a new low and up we go in shaa Allah.
The RSI also corospond with the retest of the pas global breakout, and it reversed there.
You can say now the 39k is the 29k of the previous capitulation.
One kiss, breakout and patient till the moon.
To start the rally, we need to get above 2900sat, after that we immeditially are going to 3900-4000sat where we have some supply zone, but i'll believe we'll get through that.
Than just wait for the targets.
TP1- 9800 sat
TP2- 17000 sat
TP3- Rule them all !