🅱️ Bitcoin Monthly Reveals The Future...
Updated
Bitcoin is not only moving above EMA10 on the monthly timeframe, it is also moving above EMA50.
The last three months are green.
There are no periods of 3 consecutive months closing green within the entire bear market after Bitcoin peaked April 2021.
The orthodox end of the bull market happened April 2021 and the bounce that happened between May 2021 and November 2021 is what people commonly refer to as a "dead cat bounce".
The reason why the November 2021 peak ends up higher than April is because of the cycle of monetary expansion we just went through.
The difference from peak to peak is only a few thousand dollars or percentage points, this is an important fact to keep in mind for your technical analysis.
Also notice that Bitcoin grows for years while trading above EMA50.
BTCUSD Monthly |
Another signal is less common and has to do with the market participants psychology.
Notice that there is no need for derogatory comments nor insults about the bears in this or any of the bulls articles, while the bears feel like they are being attacked and have to make derogatory remarks about all of us every single time, this is because their current stance is contrary to the market.
If we were in a bear market, as when coming off the 2021 November peak, bulls would be feeling the heat while the bears would be completely relaxed.
Another nice little detail to consider.
Enjoy your Sunday.
Regardless of what happens tomorrow with the banks.
Regardless of what happens with all the turmoil we are experiencing in the world and financial markets, know that life continues and all struggles and challenges are meant to be and we can use them as an opportunity for growth.
Bitcoin is technically bullish and that's a positive for us.
Maybe this technology can help us through this process, we've been at it before.
Just maybe, this can be positive and thus a cause to celebrate, not a cause to fight and insult.
If we were to consider the fact that the month is still "early", that it has a long way to go before closing, the monthly candle that is, we can notice that it already wicked lower and we are now back on the green.
The month can close green or red but the bulls have the upper hand.
Rest easy.
The best is yet to come.
Namaste.
The last three months are green.
There are no periods of 3 consecutive months closing green within the entire bear market after Bitcoin peaked April 2021.
The orthodox end of the bull market happened April 2021 and the bounce that happened between May 2021 and November 2021 is what people commonly refer to as a "dead cat bounce".
The reason why the November 2021 peak ends up higher than April is because of the cycle of monetary expansion we just went through.
The difference from peak to peak is only a few thousand dollars or percentage points, this is an important fact to keep in mind for your technical analysis.
Also notice that Bitcoin grows for years while trading above EMA50.
BTCUSD Monthly |
Another signal is less common and has to do with the market participants psychology.
Notice that there is no need for derogatory comments nor insults about the bears in this or any of the bulls articles, while the bears feel like they are being attacked and have to make derogatory remarks about all of us every single time, this is because their current stance is contrary to the market.
If we were in a bear market, as when coming off the 2021 November peak, bulls would be feeling the heat while the bears would be completely relaxed.
Another nice little detail to consider.
Enjoy your Sunday.
Regardless of what happens tomorrow with the banks.
Regardless of what happens with all the turmoil we are experiencing in the world and financial markets, know that life continues and all struggles and challenges are meant to be and we can use them as an opportunity for growth.
Bitcoin is technically bullish and that's a positive for us.
Maybe this technology can help us through this process, we've been at it before.
Just maybe, this can be positive and thus a cause to celebrate, not a cause to fight and insult.
If we were to consider the fact that the month is still "early", that it has a long way to go before closing, the monthly candle that is, we can notice that it already wicked lower and we are now back on the green.
The month can close green or red but the bulls have the upper hand.
Rest easy.
The best is yet to come.
Namaste.
Note
🍀 3 DAYS, 3 WEEKS OR MORE THAN 3The expectations can be based on humble assumptions, there is no greed involved.
I've seen it before it happens, a pair can move within days and produce massive growth.
Come join me now, buy your favorite coins.
How long will this one take, I hope three days is enough.
Expectations are fine but they don't pay.
Expectations can lead to anxiety and mistakes when they are not met.
And so three days turns into three weeks and that's ok because in all honesty, we have no other choice.
I can wait 3 weeks for 20%, 30%, 50%... I've seen that pairs grow by 100% in two weeks, no more...
But the market has its ways.
It is a psychological process of growth and while it is true that fast growth happens and it is possible, you tend to pick the pairs that seems to go nowhere.
As the story repeats and patience runs low, you decide to move around and buy another set of coins.
The moment you sell and buy again, the pair you just sold takes off and the new one is a fresh wait.
How to break this pattern?
How to ensure success when we trade?
Prepare for the worst and hope for the best.
You can expect for a pair to move within 3 days.
You can think it will move within 3 weeks.
But be prepared to wait for at least 3 months.
If by three months your pair doesn't move, be ready to wait even more.
The trick is to diversify and learn to detach, let the market do its job.
10% of your capital go into 10 different trades... Some will crash down, others will turn into long wait, but the majority will grow faster than what you expect.
Having a plan/strategy is essential, it removes the guessing and stress from this game.
Namaste.
Note
Remember that there will be a correction after 30K as Wave 3 is completed.This correction should be in proportion with the previous correction in February which lasted 17 days.
So we can have a correction lasting between 1-3 weeks before the final leg up or fifth wave.
After the fifth wave a stronger long-term correction is likely to develop and this is the moment everybody is waiting for.
We are calling for a higher low and the bears for a lower low but we still have a long way to go to get there. This ought to happen in the latter part of 2023.
We continue strongly bullish and Bitcoin closed last week as the best in a long time and the highest buy volume ever on Binance and some other exchange.
Weekly we closed above EMA50 and EMA100, which hasn't been seen in a long while.
Patience is key.
The banks are crashing strong.
First Republic Bank went to hit new All-Time Lows even after the massive bailout from JPMorgan.
It is still early in the week but it seems that people are cashing out from bank stocks and moving to Crypto and also cashing out of banks in general.
This is a process that can take a while to develop but the writing is on the wall... The world is asking for change.
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