Dr_Divergent

Dr_Divergent

If the BTC-M2 fractal remains reliable we should expect to see BTC begin it's next serious move higher next week. IMO, this will be the start to the final leg higher for this cycle IFfff we do not get a "super cycle". The ONLY way I will buy into the super cycle narrative is if the data supports this. Gee, Dr. Divergent, what data is that? That would be BTC.D...

Dr_Divergent

Do not be surprised if BTC gives us another double bottom before reversing its direction back into price discovery. Looks like it could achieve the second bottom around 111-112. If anyone has spent any significant amount of time in the charts knows BTC LOVES a double bottom before going higher. Also, this cycle has seen a repeated pattern of accumulation, sweeping...

Dr_Divergent

Do you see what I am seeing? It appears that M2 is significantly dipping at the end of September. I'd bet my BTC that will be the cycle ending. Remain vigilant!

Dr_Divergent

The realized price has crossed above the 200 SMA. The last time that this happened was November 2020. BTC then went on a tear in the following 90 days gaining 212%. Even if BTC gains only 50% of that 212% this time we will see the BTC price hit 250k. We aren't bullish enough.

Dr_Divergent

Here is another more zoomed out view of the inverse relationship of BTC to the PAXGold / BTC ratio. This is beautiful and perfect. One can see how they are practically mirrored opposite images of each other. Higher. SOON.

Dr_Divergent

It appears as though the 4H BTC chart has formed a bull flag vs Gold/BTC chart having formed a bear flag. This is VERY encouraging to see. Short term price target is 134-140. Strap in, BTC is a bout to do BTC things again.

Dr_Divergent

The BTC 1W RSI is on the verge of breaking above the down sloping trend. Once above it, the sky is the limit. The question is, when will it happen and how high will it go?

Dr_Divergent

Sooo much liquidity out there currently! I think everyone calling for 150 as the cycle pico top are being bearish. As I have said before, I predict that BTC will take the full cycle and max out its potential early to mid October. My thesis for over a year... Base -- 160 Norm -- 220 Bull -- 280 FYI, the M2 adjustments as shown... 1D -- 90 4D -- 22 1W -- 12

Dr_Divergent

Once BTC breaks above the 111-112 resistance level and flips it into support we should see price run to 125+ rather quickly. If history echoes, price discovery could easily touch 150, if not 175-200. Also, we should see BTC entering the "euphoric" phase of the cycle around the week of Aug 18th. Fun days are ahead :) remain vigilent!

Dr_Divergent

Price is getting compressed in a smaller higher pennant above the upper limit bull flag. I suspect that we see one more sharp pullback in mid-late August before achieving cycle pico top. Brace yourselves, tomorrow should be the day!

Dr_Divergent Updated 

It appears as though BTC is attempting to create a level of support around 108-109.5 with 109.5 acting as a resistance level. Hopefully we see the price begin to break higher as a result of this support creation. Soon, very soon, we should know which direction things will go.

Dr_Divergent

Based on the flag pole height BTC has a current target of 137. This is be so much fun!

Dr_Divergent

Once BTC reclaims the 109.5 resistance level and flips it into support the BIG fireworks show should begin soon thereafter. LFGooo!

Dr_Divergent

This structure is probably the most bullish cycle structure that BTC has ever had. So impressive! I don't think we are ready for what is about to happen :)

Dr_Divergent

Could very well be possible that we see BTC revisit 106 for a final retest to solidify it as a firm base of support before truly attacking 109-110. BUT, once 109-110 has been broken through it will likely be retested to create another layer of support before seeking new ATHs and price discovery. I am also still of the belief that we will see BTC.D start to really...

Dr_Divergent

All... based on the trend structure, it looks like bitcoin dominance may have topped. If so, we should see some fun price action start to happen over the next 2 weeks. ETH/BTC ratio should start to increase, USDT.D should start to drop, and TOTAL should start to increase as well. Stand fast. Keep faith. Remain vigilant.

Dr_Divergent

An ABC flag looks to be playing out. If so, BTC's price should not dip below 100 again, but if it does, there is nothing but air until the 95-96 order block.

Dr_Divergent

This present cycle is near its end. Pico top will arrive soon, probably by the end of November. BTC is currently ranging (103-109) forming a new base at 106, which is the current point of control. The start of the next and final up leg should start early July, so we have less than 2 weeks to remain patient. Stand fast. Keep faith. Remain vigilant.