Rumors of Bitcoins demise have been greatly exaggerated.
Updated
Bitcoin is now out of a bear market and is in it's initial phase of the bull market. That's not what the news is saying. The news says the worst is yet to come, I don't agree. Let's have a look.
First, the green and red zone is Gaussian Channel. It turns red in bear markets and green in bull markets. Once it turns green it stays green for the entire bull market. Well sir, it's not green, it's still red. Yes this is a lagging indicator, by the time it turns green bitcoin will be preparing to enter the next phase of the bull market.
Down below we have the crypto fear and greed indicator. I have drawn a yellow line where the support for this indicator should most likely stay the entire bull run. The corrections should go to the NEUTRAL area of 47. It is possible for it go lower like 46 45 in fear but It should recover quickly. A substantial break of this zone would likely mean the bull market is over.
How do we know all this stuff? How can we verify it? WE would look left on the chart. History may not repeat exactly, but it does rhyme.
This is my analysis of the bear market transitioning into a bull market. From last September I was calling for the Bull market to start in March of 2023. Look a the break out candle. Mid March, NAILED IT!!
We can see when prices fell in November that the fear and greed was actually rising creating a bullish divergence.
I don't expect prices to fall below into this yellow shaded section again. That doesn't mean it can't, if it does, it will not last long in my opinion. It will get bought up very quick.
Please feel free add comments or ask questions down below.
Thanks for looking
WeAreSar0shi
First, the green and red zone is Gaussian Channel. It turns red in bear markets and green in bull markets. Once it turns green it stays green for the entire bull market. Well sir, it's not green, it's still red. Yes this is a lagging indicator, by the time it turns green bitcoin will be preparing to enter the next phase of the bull market.
Down below we have the crypto fear and greed indicator. I have drawn a yellow line where the support for this indicator should most likely stay the entire bull run. The corrections should go to the NEUTRAL area of 47. It is possible for it go lower like 46 45 in fear but It should recover quickly. A substantial break of this zone would likely mean the bull market is over.
How do we know all this stuff? How can we verify it? WE would look left on the chart. History may not repeat exactly, but it does rhyme.
This is my analysis of the bear market transitioning into a bull market. From last September I was calling for the Bull market to start in March of 2023. Look a the break out candle. Mid March, NAILED IT!!
We can see when prices fell in November that the fear and greed was actually rising creating a bullish divergence.
I don't expect prices to fall below into this yellow shaded section again. That doesn't mean it can't, if it does, it will not last long in my opinion. It will get bought up very quick.
Please feel free add comments or ask questions down below.
Thanks for looking
WeAreSar0shi
Note
BTC has touched the mid way of the Gaussian Band and has taken a nice bounce of of it. Next we could see a retest at the top of the Gaussian Band as it try's to gain the strength to push through.Note
Bottom hunters are actually top buyers.Note
Bitcoin has once again bounced off the mid point of the Gaussian channel. Holding there would lead to another attempt to break through the top of the channel in the weeks ahead.Note
The 25.2k call is still holding, I don't think it will break. This is a BUY!!!Note
Beautiful support!! will it continue to hold? Let's see. I Know the smart bears have flipped Bullish.Note
Price has now mustered the strength to burst through the top of the Gaussian Channel. We now want it to catch support on the top of the Channel. This will lead to the next major rallyNote
I don't who or why anyone would still be a bear?Note
The charts point to September 15th for the beginning of something big. Possible October yearly high @ 44k target.Note
The bitcoin support has held very well so far, as we can see this is a strong support area. The March break out still holds and should still hold. If it breaks a retest of the bottom could be likely. I expect a bounce from here .Note
Rally is coming!! Alts are setting up something big!Note
Bitcoin has been met with heavy resistance at this Fib level in this log. Will it get rejected again? The price of that level is at 45.5k at the moment and is steadily rising.
Note
48k max. 8 green week in row for bitcoin, correction should follow soon. 30k range will be the next buy area.Note
The local top was hit yesterday. Look for a correction over the next month or two back to 31k. Then take a strong bounce into May with highs over 50k
tiktok.com/@wearesat0sh1
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