mrjakewoodhouse on Nostr: From one of my favourite technical analysts: G’day all. Just a reminder that ...
From one of my favourite technical analysts:
G’day all. Just a reminder that Corrections are normal.
📌 Drops like this have happened multiple times since the start of the cycle.
📌 The market needs to cool off before the next expansion phase, nothing moves up in a straight line.
Stay calm. Avoid the noise (mainstream news).
📍We are still in a long term uptrend🔥
📍We are still 3 weeks away from entering our 25 week sell window where the final top takes place
📍We are 16 weeks away from the “Thrill” phase
📍Still 23 weeks away from when Bitcoin confirms the top is in (70-90wks post halving)
📍Bitcoin experiences a weekly Stochastic RSI cross every ~6 months resulting in a large move. Currently it’s severely oversold ⬇️, there is only one direction to go ⬆️
📍Bitcoin has a 85% correlation to the global M2 money supply, with a 70 day lag, we have now caught up to its uptick.
📍Next target medium term target is 120k, and macro target is 170k.
📍Lastly we have just begun a 60 day cycle and 26 week cycle. Lots of confluence. And we are experiencing the most bullish environment I have ever witnessed in my 7 years in this space.
Be patient. Time is on our side.
Ps - if you’d like his details, DM me, as he runs a private TG group with this type of analysis
G’day all. Just a reminder that Corrections are normal.
📌 Drops like this have happened multiple times since the start of the cycle.
📌 The market needs to cool off before the next expansion phase, nothing moves up in a straight line.
Stay calm. Avoid the noise (mainstream news).
📍We are still in a long term uptrend🔥
📍We are still 3 weeks away from entering our 25 week sell window where the final top takes place
📍We are 16 weeks away from the “Thrill” phase
📍Still 23 weeks away from when Bitcoin confirms the top is in (70-90wks post halving)
📍Bitcoin experiences a weekly Stochastic RSI cross every ~6 months resulting in a large move. Currently it’s severely oversold ⬇️, there is only one direction to go ⬆️
📍Bitcoin has a 85% correlation to the global M2 money supply, with a 70 day lag, we have now caught up to its uptick.
📍Next target medium term target is 120k, and macro target is 170k.
📍Lastly we have just begun a 60 day cycle and 26 week cycle. Lots of confluence. And we are experiencing the most bullish environment I have ever witnessed in my 7 years in this space.
Be patient. Time is on our side.
Ps - if you’d like his details, DM me, as he runs a private TG group with this type of analysis