CoconutHarry33

CoconutHarry33

The dominance dump that led to the last alt coin rally, based on reviewing the monthly chart, shows a bearish engulfing candle (red box) before breaking down out of a multi year trend. This time we are seeing a recent bullish engulfing candle (green box) and what seems like a possible bearish fake out based on the bullish trend support line over the past 2 years....

CoconutHarry33

With the Fed considering quantitative easing in the first half of the year, as well as ETF approval, there will be a lot of money entering the market. Bitcoin is catching on and hash rate is continuing to make all time highs. Bitcoin being taken off exchanges at fastest rate in history + decreasing supply (4M lost, over 19M already mined out of 21M total = supply...

CoconutHarry33

The chart speaks for itself - stay humble, stack sats

CoconutHarry33

Massive Inverse head and shoulders on lower time frames, currently just broke out from the bottom channel of Fibonacci extension ( Jan 2023 swing low to swing high ) - if it can push through $7 (resistance at 2022 swing low) the doors are open to a massive channel back from 2022 swing high. Initial target: $7 .786 fib: $15 By start of 2025: $25

CoconutHarry33

BTC/USM2 money supply chart is typically more accurate to identify key price action than BTC/USD - 1st monthly candle to flip Supertrend line green on Monthly timeframe. Also punching through Ichimoku cloud…will history repeat and Bitcoin goes sideways for the next year ? Or will ETF continue price action straight up? Maybe 2024 will gift us a black swan to scoop...