Hi there.
I'm not pretending I know what will come next and I'm not a trader. But also am quite confident that the human psychology hasn't changed since the latest bullrun when the Wyckoff accumulation-distribution cycle played out perfectly with a textbook chart of Bitcoin and crypto market.
I know a lot of respected traders have been saying 'the macro bottom for BTC is in' but as many of you probably know if people believe something in the markets, then it's probably wrong. At the point when those, who were calling for 12k Bitcoin became silent and 'were ashamed' - that's the very point when BTC is likely to start pivoting to that very direction. And when everyone will be shouting that we'll go lower (or simply everyone will capitulate) - then we'll indeed start to go higher.
I recommend everyone to monitor the macro picture, rate hikes, the Treasury General Account (right now around 500 bln or so), RRP (reverse repo) and other things closely, as well as anti-crypto measures such as Choke Point 2.0 etc.
Follow Arthur Hayes on Medium and Twitter, Guy's Coinbureau, Eric Krown's crypto cave, this specific chart was inspired by a recent CTO LARSSON (Youtube) video.
I also recommend you watching Benjamin Cowen's "Cryptomarkets' worst case scenario" (on Youtube). His approach may be a little bit different, but interestingly enough calls for more or less same levels of BTC bottom as those who are using Wyckoff's approach and basic support levels.
Also as usual - follow the trends and narratives and research before aping in.
I also recommend you to set up a list of whales' wallets and to watch what they are doing closely in the coming months.
Share you opinions in the comments.
I'm not pretending I know what will come next and I'm not a trader. But also am quite confident that the human psychology hasn't changed since the latest bullrun when the Wyckoff accumulation-distribution cycle played out perfectly with a textbook chart of Bitcoin and crypto market.
I know a lot of respected traders have been saying 'the macro bottom for BTC is in' but as many of you probably know if people believe something in the markets, then it's probably wrong. At the point when those, who were calling for 12k Bitcoin became silent and 'were ashamed' - that's the very point when BTC is likely to start pivoting to that very direction. And when everyone will be shouting that we'll go lower (or simply everyone will capitulate) - then we'll indeed start to go higher.
I recommend everyone to monitor the macro picture, rate hikes, the Treasury General Account (right now around 500 bln or so), RRP (reverse repo) and other things closely, as well as anti-crypto measures such as Choke Point 2.0 etc.
Follow Arthur Hayes on Medium and Twitter, Guy's Coinbureau, Eric Krown's crypto cave, this specific chart was inspired by a recent CTO LARSSON (Youtube) video.
I also recommend you watching Benjamin Cowen's "Cryptomarkets' worst case scenario" (on Youtube). His approach may be a little bit different, but interestingly enough calls for more or less same levels of BTC bottom as those who are using Wyckoff's approach and basic support levels.
Also as usual - follow the trends and narratives and research before aping in.
I also recommend you to set up a list of whales' wallets and to watch what they are doing closely in the coming months.
Share you opinions in the comments.