Dr_Divergent

Dr_Divergent

The BTC 1W RSI is on the verge of breaking above the down sloping trend. Once above it, the sky is the limit. The question is, when will it happen and how high will it go?

Dr_Divergent

Sooo much liquidity out there currently! I think everyone calling for 150 as the cycle pico top are being bearish. As I have said before, I predict that BTC will take the full cycle and max out its potential early to mid October. My thesis for over a year... Base -- 160 Norm -- 220 Bull -- 280 FYI, the M2 adjustments as shown... 1D -- 90 4D -- 22 1W -- 12

Dr_Divergent

Once BTC breaks above the 111-112 resistance level and flips it into support we should see price run to 125+ rather quickly. If history echoes, price discovery could easily touch 150, if not 175-200. Also, we should see BTC entering the "euphoric" phase of the cycle around the week of Aug 18th. Fun days are ahead :) remain vigilent!

Dr_Divergent

Price is getting compressed in a smaller higher pennant above the upper limit bull flag. I suspect that we see one more sharp pullback in mid-late August before achieving cycle pico top. Brace yourselves, tomorrow should be the day!

Dr_Divergent Updated 

It appears as though BTC is attempting to create a level of support around 108-109.5 with 109.5 acting as a resistance level. Hopefully we see the price begin to break higher as a result of this support creation. Soon, very soon, we should know which direction things will go.

Dr_Divergent

Based on the flag pole height BTC has a current target of 137. This is be so much fun!

Dr_Divergent

Once BTC reclaims the 109.5 resistance level and flips it into support the BIG fireworks show should begin soon thereafter. LFGooo!

Dr_Divergent

This structure is probably the most bullish cycle structure that BTC has ever had. So impressive! I don't think we are ready for what is about to happen :)

Dr_Divergent

Could very well be possible that we see BTC revisit 106 for a final retest to solidify it as a firm base of support before truly attacking 109-110. BUT, once 109-110 has been broken through it will likely be retested to create another layer of support before seeking new ATHs and price discovery. I am also still of the belief that we will see BTC.D start to really...

Dr_Divergent

All... based on the trend structure, it looks like bitcoin dominance may have topped. If so, we should see some fun price action start to happen over the next 2 weeks. ETH/BTC ratio should start to increase, USDT.D should start to drop, and TOTAL should start to increase as well. Stand fast. Keep faith. Remain vigilant.

Dr_Divergent

An ABC flag looks to be playing out. If so, BTC's price should not dip below 100 again, but if it does, there is nothing but air until the 95-96 order block.

Dr_Divergent

This present cycle is near its end. Pico top will arrive soon, probably by the end of November. BTC is currently ranging (103-109) forming a new base at 106, which is the current point of control. The start of the next and final up leg should start early July, so we have less than 2 weeks to remain patient. Stand fast. Keep faith. Remain vigilant.

Dr_Divergent

I cannot help but think of the Sep 2022-Mar 2024 price action. It was parabolic indeed! We could see a similar move play out before us in the next few months. Hold fast. Keep faith. Remain vigilant.

Dr_Divergent

Here is the 4H and 1D structures. Multiple smaller pennants within larger pennants. IMO, this is forming 106 as the base for the next, and possibly last, leg higher for this present cycle. Will be fun to watch the next few weeks to months play out. Hold fast. Keep faith. Remain vigilant.

Dr_Divergent

Friends, the end of the cycle is drawing near. The average cycle pico bottom to pico top is 152 weeks and the parabolic impulse into price discovery begins around week 133. This leaves us with 19 weeks in the present epoch. Stand fast. Keep faith. Remain vigilant.

Dr_Divergent

Very interesting to see BTC perfectly tap the EMA 174. in the 4H, the EMA 174 has been the line to watch for support vs resistance. Hoping that we see a double bottom 'W' in the 1D chart, regain 106 and then... MOON.

Dr_Divergent

Friends... MSTR, BTC and DJI are all tracking M2 beautifully. Should this fractal continue to prove as reliable, we should see big moves in the coming weeks. Limit you exposure to leverage, it's just not worth it! Stay in MSTR stock and BTC spot.

Dr_Divergent

Again, Oct 23-Mar 24 fractal, but this time in the 1W interval