btcfeen on Nostr: fri note... nice little consolidation here. imo this is continuing to track past ...
fri note... nice little consolidation here. imo this is continuing to track past cycles and i think we see 100k+ by thanksgiving. we should be at either of these two spots imo https://www.tradingview.com/x/4rFLYiQD/ we should see a 22% pump within 10 days. that would put it at 106k. from there i could see a washout for one last bear trap.
what is insane is that from the cycle low we are matching the last 2 cycles at a multiple of 5.58 208 days from halving. if this continues to track price should be a min of 120k within 30 days (2017 cycle) and a max of 205k (2020 cycle). i still think we track closer to the 2016 cycle bc we have done that almost perfectly so far. https://charts.bitbo.io/cycle-low-multiple/ these also show a low with 50 days too which would help to print the yearly low in early jan.
tim thinks we go sideways from here based on past cycles averages but i think we see lower 100s at a min before any consolidation https://x.com/nsquaredvalue/status/1857370155908571264
regarding 2017 comparisons, we consolidated above the 78 fib. https://x.com/omagarjua/status/1857436562503479652
here is the fractal unaltered https://www.tradingview.com/x/OBf88exl/
funding pretty muted here overall. barely a perp premium . spot cvd is basicallyl sideways while perp is down. this looks good here from a derivatives standpoint imo
mentioned yesterday but dxy at resistance here. any drop will be a tailwind for btc imo https://www.tradingview.com/x/Oil3xbSX/ there is a massive divergance between the inverse dxy and btc here. my guess is btc is sniffing this out properly but time will tell. as you can see from the chart the big rises are accomponied by dxy weakness (inverse dxy strength) https://www.tradingview.com/x/RZv77BgT/
eth is in a massive tri here. break above the yellow and it enters full send mode imo https://www.tradingview.com/x/dpQcA2Rf/
what is insane is that from the cycle low we are matching the last 2 cycles at a multiple of 5.58 208 days from halving. if this continues to track price should be a min of 120k within 30 days (2017 cycle) and a max of 205k (2020 cycle). i still think we track closer to the 2016 cycle bc we have done that almost perfectly so far. https://charts.bitbo.io/cycle-low-multiple/ these also show a low with 50 days too which would help to print the yearly low in early jan.
tim thinks we go sideways from here based on past cycles averages but i think we see lower 100s at a min before any consolidation https://x.com/nsquaredvalue/status/1857370155908571264
regarding 2017 comparisons, we consolidated above the 78 fib. https://x.com/omagarjua/status/1857436562503479652
here is the fractal unaltered https://www.tradingview.com/x/OBf88exl/
funding pretty muted here overall. barely a perp premium . spot cvd is basicallyl sideways while perp is down. this looks good here from a derivatives standpoint imo
mentioned yesterday but dxy at resistance here. any drop will be a tailwind for btc imo https://www.tradingview.com/x/Oil3xbSX/ there is a massive divergance between the inverse dxy and btc here. my guess is btc is sniffing this out properly but time will tell. as you can see from the chart the big rises are accomponied by dxy weakness (inverse dxy strength) https://www.tradingview.com/x/RZv77BgT/
eth is in a massive tri here. break above the yellow and it enters full send mode imo https://www.tradingview.com/x/dpQcA2Rf/