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vip
Age 3 Year
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Let's explain something simple..
2022 - The monthly low was swept by the 5th monthly candle only..
2026 - This month has swept and its the 4th monthly candle..
Low of the month is probably in..
If you expect us going lower than the FVG block below is filled nicely, nothing to fill there..
BTC will be going to the block below between $28k to $38k if you really expect lower..
BTC2.28%
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Lions_Lionish:
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I would be very surprised if TOTAL 2 has not already bottomed..
Just want to see a little more down-side on the indicator to confirm..
Price is getting stronger even with this latest dip..
By extension that would probably mean $eth has also bottomed..
ETH2.10%
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Remember 2019-2020 was a 9 month "bear market" and 50% drop..
70% drop if you include the Covid Crash..
Oh damn..
I forgot you weren't around then...
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There is a lot of underlying strength building in $eth..
The last time it pumped more than 200% at a similar position..
I would argue that this time its stronger..
All eyes on $1744...
ETH2.10%
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$btc getting closer to the breakout line..
11 day context - capitulation, longs flushed, then we had shorts covering as price bounced.. New shorts entered yesterday and now we have new longs trying to trap them..
BTC2.32%
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If I was a betting man, I would say the bottom for $eth is in..
Technically we have to wait for confirmation but the process is very clear..
ETH2.10%
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60k in Feb was the washout
June was the lower volume re-test
The price is on a road to recoveryโ€ฆ
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Slowly but surely as the red line makes its way down (price strength) BTC will make its way up..
BTC2.28%
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Itโ€™s time for BTC to start outperforming stocks..
On the larger time-frames..
So donโ€™t come back to me after 1 hour candles..
Then shift is confirmedโ€ฆ
BTC2.28%
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I would imagine 95% are convinced that alt season is far away and we go lower into the 4 year cycle around Q4..
The 5% of us that donโ€™t believe this are either mad or insane..
Orโ€ฆ.
ALT1.04%
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Back at the VAL but this time with real divergence..
NRPL shows less selling at the lows..
Exhaustion move IMO...
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MVRV Z score above 0 = Covid style correction..
MVRV Z score below 0 = Routine bear market...
Current MVRV Z score= 0.25
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