Long

Bitcoin next pop psychology market cycle

By DeMarcus

Updated

Lets see

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stilll half way in HOPE phase

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btw, 1st of February 2024- green line - is upcoming BTC halving

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atm 23k btcusd, steadyclimbing towards Optimism

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atm 25880usd, steady climb towards Optimism. Expect some turbulence gettin from HOPE to OPTIMISM zone

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30K is breaking line between HOPE and Optimism

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02/03/2021 - Hello my dear plebs. Short update:
Papabtc after short correction bangin at 50k doors again.
Optimism phase is in full throttle. Original overshoot to 65k-120k zone still valid.
Keep in mind first Us ETF announcement will make things go crazy.

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PAPABTC kissed 62K, went down to 53k for a quick RSI refresh. Still all eyes on overshoot.

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knocking at 60k doors again

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yesterdays conbase listing, sent pops almost to 65k. Lets have few weeks consolidation and let ETH run a bit (2300 atm)

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local top touched 64k, at the moment corrected to 42k due Elongate flips. Didnt quite touched projected 74k or more. I think it is healthy correction in the mid of this bull run.

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massive crash to 30k (52% from 64k), wiped out 3b margin liquidations. Market feels shaky, tho i believe its very healthy unexpected correction. I expect next few weeks sideway chops. Bitcoin in its nature- always going lower and higher than anyone ever expected

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3rd bounce from 30k range. Still looks pretty weak as expected. So much fear in the market will shake off many peeps

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2nd month in official crab market, papabtc is trying numeric time to defend 30k level. crabby crabby pops

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nice bounce to 40k, wiping out 100 million shorts. Are we out of the woods? I doubt it. crabby crabby

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retrace to 37k, and currently kissing 47k

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papa kissed 55k today, confirming that 52-40k was textbook Wyckof re-accumulation zone. Greedy optimism and ETF possible approval is in the air! BTC.D dominance chart also spiked upwards, leaving ALTS bleeding badly on btc and usd pairs

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Yesterday rumours, half confirmation on first Futures based ETF USA approval sent from 56k to 63K in a matter of few hours. Optimism and FOMO is in the air again!
Alts keep bleeding value in to btc. I strongly believe in the next 3 months we are going to experience 2017 bitcoin dominatooor case.

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Halfway in November. Btc knocked 69k few days ago. Everyone is waiting for those few god candles before Xmas

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unfortunatelly received few god candles down, all the way to 42k. 69-420 we must be living in Elon Musk simulation. Few weeks left to Xmas

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as side note. Just realized 1 year passed after created this chart. Ufff what a ride! So far folowing

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corn is above weekly 21 ema, at 47k. The pump is incoming!

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Luna panic crash, sent corn to 25k. That was wild

DeMarcus

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