1BigPapi

1BigPapi

I'm stacking, here & lower. I see no indication the cycle is over. Doesn't mean I'm right, but thats my plan. I see plenty of reasons for the market to cool off, go volatile & sideways a while. That's okay. I'm not a fibonacci maxi, but textbook retracements for your consideration:

1BigPapi

I'm not one for slapping a few meme lines on a chart and calling it good data. But what if Bitcoin and this cycle really are THAT simple?

1BigPapi

Bitcoin currently stuck under the 8 year diagonal resistance extending from 2016, and a local horizontal resistance around 54%. Could get spicy over the coming days and weeks depending on what happens next. ~If Bitcoin climbs over 55% that would invalidate a nearly 8 year trend, bullish for BTC ~If it proper rejects here (<52%), we get an alt season

1BigPapi

Bitcoin currently stuck under the 8 year diagonal resistance extending from 2016, and a local horizontal resistance around 54%. Could get spicy over the coming days and weeks depending on what happens next. ~If Bitcoin climbs over 55% that would invalidate a nearly 8 year trend, bullish for BTC ~If it proper rejects here (<52%), we get an alt season

1BigPapi

Bitcoin is at it's highest price in 1,144 days. Respect to those who remained here all 1,144 days. In recent weeks we consolidated within the value range of $38k to $48k. Our premise was simple: price over $35k is high-timeframe (HTF) bullish, and over $32k is healthy- keep stacking. This week started spicy for one reason – this morning price broke January’s...

1BigPapi

Respect how clean this correction on $BONK is, so far. 62% fib retracement. Impressive for a meme. But I'm not convinced its finished trending down on higher timeframes. Invalidation of downtrend above ~.000021 BONKUSD (approximate level- technicals are iffy on memes).

1BigPapi

Some traders are buying the Solana Saga phone to claim a 30 million BONKUSD airdrop, currently worth a little more than the phone. Preface: Short term cap gains on BONK claim, for a phone you presumably doxxed to buy, is between 10% & 37%. Averaged to 20%, means you'll owe $100 on $500 of CRYPTOCAP:BONK , $160 at $800. Current Trend: BONK is averaging a 40%...

1BigPapi

Summary : Bitcoin offered a spicy month of green candles. Mid October through to yesterday’s weekly close was 4 weekly green candles, for a collective 40% gain at peak. Some call this the early stages of a bull market, others are looking for a pullback. I think both are possible, and we’ll cover both. My advice for the past year remains the same, dollar cost...

1BigPapi

Bitcoin/Money Supply (M2) - 12 Month Chart This appears to support the floor being set in Q4 2022. Bitcoin is repeating the general corrective fractal of past cycles. But it looks top-heavy. The macro looks messy. We need big adoption this cycle to invalidate diminished returns.

1BigPapi

Convincing breakout for $PEPE. But took a lot of highly advertised big buys to recover this support, saw posts across Twitter talking about these big buys - obviously whales wanted to try and set a floor here. If it holds through the weekend close, we might see some nice upside over the next week.

1BigPapi

24-hour update: the (short term bearish) scenario played out as predicted, so far. Bitcoin lost the March support, and logged a retrace & moderate bounce to around $26,000. There is a scenario where this holds as support, but my bias is towards a little more downside. The $25,000 range is a spicy confluence of support with key fibs, February highs, and 20/21w...

1BigPapi

Bitcoin short term bearish possibility: We see a full rejection from upper value range, retrace to the 50% fib; this correlates with February highs and key moving averages (20w SMA, 21w EMA). I think this is the healthiest move for bulls, they can refuel for another charge at $30k resistance

1BigPapi

Comparing two charts: 1. DXY bearish bias at a critical resistance-flipped-support that signaled year+ downside when lost 7x in the past. 2. BTC bullish bias at 2021 key support-flipped-resistance for the past month. While I think this shows a clear direction for both, I don't personally expect new highs for Bitcoin in 2023. I think the trend either 1.)...

1BigPapi

Comparing two charts: 1. TVC:DXY : bearish bias at a critical resistance-flipped-support that signaled year+ downside when lost 7x in the past. 2. CRYPTOCAP:BTC : bullish bias at 2021 key support-flipped-resistance for the past month.

1BigPapi

Note this is the BTC/M2 Money Supply adjusted chart. We got a nice green BTC candle, but are still fighting a key resistance . A few outcomes: 1. retrace & bullish consolidation > FWB:27K 2. healthy retrace to 38 fib or 50 fib & 20/21w MAs 3. bullish breakout [weekly close > FWB:31K ] 4. bearish breakdown [weekly close < FWB:23K ]

1BigPapi Updated 

Its hard to accurately chart a semi-liquid post-parabolic memecoin, but it looks like a major decision point incoming. If major bids don't show up soon, it will drop down to retest the horizontal support, and failing that lead to a breakout to the downside. However a small downsize move below support could confirm a flag and leads to a nice rally if it taps a...

1BigPapi

The US Dollar Index (DXY) is still flirting with a historically bearish level and momentum. JPOW has to come out swinging this week during the FOMC to save DXY 101/2 level. Remember, generally speaking DXY down = BTC up. In the past 30 years, the DXY was rejected along the red line (~101), signaling larger downside moves. Given the recent parabola and retreat by...

1BigPapi

Week 4 for Bitcoin consolidation under a key level from the past cycle. My bias is to the upside in Q2, but clarity comes with this week's economic data . The US Dollar Index (DXY) is still flirting with a historically bearish level and momentum. JPOW has to come out swinging to save 101/2. Remember, generally speaking DXY down = BTC up.