Up to you now... Yes... I believe it's just Reaccumulation
Look at the previous posts for more explanation and all perspectives
I'm holding and I'm bullish...We will witness an alt season this year (those saying we won't will be proven wrong...)
BTC.D will fall and strong alts will rise (with massive returns)
Until Next Time...
Note
ABOVE CHART IS STILL VALID
Macro Update:
Trade active
My take on the latest drama:
Trump saved the weekly structure and you must thank him for that.
I already knew it would retrace. Just like 5th Aug did.
Not sure why everyone's saying a dump would've been better instead of a pump and dump (maybe they were using leverage ?)
What I didn't expect was alts taking heavier hit than Bitcoin, that's actually bad for me.
But as far as our HTF (spot) goes, we have another week of prayers to go. Now all eyes on this week's close.
Daily close yesterday said only one thing, that pump was a manipulation but
I'd wait for this week's close.
But in current case, I definitely know we will dump even further as China hasn't yet announced its retaliatory tariffs.
See, other nations are fine but when China and Russia does something against US, it's bad!
but nevertheless, these tariffs are just manipulating market for retailers so whales can get their key levels.
For now, we're having a perfect bearish structure (bears must needed that retest at 91-94k)
but I'm still aligned towards my thesis until at least this week's close
70ks is an extremely strong area where everyone and their pets will long because it's close to MSTR average buy but yeah, we're still good.
I'm confident bull market won't end until USDT.D hits 3%'ish OR close above the 5%'ish box I drew, earlier.
Until then, ignore the noise for spot bags.
Yes, further hit would be brutal for our bags but it's extremely stupid trying to catch a 10-20% buyback with no confirmations
As I repeatedly said, the time to sell was in December, only! We had our signs and I missed the chart.
And yeah, if that parabola breaks (and not reclaimed quickly), second scenario would start but that will still mean an 'alt season'. only difference will be time.
third scenario (which I'm not even 5% confident upon, is we are doomed)
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.