A 55% pump in 33 days in not sustainable, in any market.
BTC has a bit of room to climb to 33K-35K based on the Golden Pocket (.618 to .65 Fib Resistance area) from the major drop.
It will NEVER decouple from SPX. Wall Street made sure of it in 2019. I cannot stress this enough.
There are volume candles galore to be consumed on the way down.
Based on major and minor Altcoins on my watch list, ETH, and a few Equities plays, I am calling for an Oct/Nov 2023 bottom before we grind out as many of these show falling wedges that squeeze to this timeframe.
Stay focused on the medium-term game (not long game...long game is for grandpa).
We all learned a lot from BTC not climbing over $69k. We learned a lot about ourselves, the risks we're willing to take trading, and the clout chasers who preached $100k+ BTC narrative on social media (I was once that believer too....)
Love you guys. Trade safely.
BTC has a bit of room to climb to 33K-35K based on the Golden Pocket (.618 to .65 Fib Resistance area) from the major drop.
It will NEVER decouple from SPX. Wall Street made sure of it in 2019. I cannot stress this enough.
There are volume candles galore to be consumed on the way down.
Based on major and minor Altcoins on my watch list, ETH, and a few Equities plays, I am calling for an Oct/Nov 2023 bottom before we grind out as many of these show falling wedges that squeeze to this timeframe.
Stay focused on the medium-term game (not long game...long game is for grandpa).
We all learned a lot from BTC not climbing over $69k. We learned a lot about ourselves, the risks we're willing to take trading, and the clout chasers who preached $100k+ BTC narrative on social media (I was once that believer too....)
Love you guys. Trade safely.