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Sykodelicc
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Looking like a big breakdown is coming...
USDT.D is a very important chart when it comes to the entire market.
It is essentially the opposite of BTC + ETH, and when it rises, they drop.... and it drops, they rise.
And right now, we have OBV breaking down before the price.
OBV is one of the best leading indicators when it comes to understanding trends.
You can also see the example i highlighted from June.
OBV started to breakdown way before the price ever did.
The exact same setup is happening right now.
OBV has quite clearly lost its up trend, whilst the price is still fairly above it.
My mon
BTC-0.2%
ETH4.65%
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I'm already starting to see it...
We have the "Bottom is in LFGGGG" and then the "Dead cat bounce lower is coming" groups.
The fact is guys is that reversals are always dead cat bounces until they aren't.
And they always feel like a dead cat bounce until they're much higher.
Lastly, everyone finds it so hard to believe in a pump after weeks of down, so people hesitate.
And in the end, Bitcoin climbs "the wall of worry"...
Then by the time the majority actually believe again... price is 25% higher, they buy in.... and then it dumps!
Buying bottoms is very hard for all of the above reasons...
An
BTC-0.2%
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And now all of a sudden everyone is bull posting again.
It never changes.
Yesterday I was getting abuse hurled at me for saying the month open dump was healthy, and that we had likely bottomed.
Today, everyone is flipping!
This is why you cannot simply listen to people on X and use that to decide what is happening.
99% of them are just posting things based on which way the market is moving.
The more it moves down, the more emotional they get, the more down bad posts you see of people saying more down.
Same goes for up.
You have to form your own views and thesis, and believe in them rega
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It looks like the Death Cross struck again.
I think enough time has passed now to confirm that the Death cross marked the bottom here.
As I discussed in many of my earlier posts on this, it has confirmed 11 out of 12 bottoms, within 10 days of it happening, in the last 14 years.
And it looks like now it has confirmed 12 out of 13.
That is staggering odds.
I don't like calling LTF bottoms as I am not a LTF trader...
But if the daily closes like this, after this higher low and after the death cross, in a bullish engulfing candle, I think a very big case can be made that BTC has found at least a
BTC-0.2%
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So you're telling me you're bearish heading into 2026 when...
- Vangaurd aped $1bn in 30 mins
- Blackrock ETF is highest earner for them
- Bessent said tax refunds inQ1 + $2,000 checks
- New Dovish FED chair wants to stimulate
- QT has ended and rates continuing to drop
- Overall macro tailwinds piling up
- COPPER/GOLD bottoming after GOLD topping
- Business cycle hasn't even started expanding yet
And you think we're gonna get $40k next year cos of 4 year cycle?
Not happening.
New highs in 2026 and the smell on the timeline when people realise this will be beautiful.
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This is a very important chart analysis for you to understand.
I am seeing people talking about $35k levels next year and it's absolute rubbish.
Firstly, for Bitcoin to retrace 75% it actually has to fully expand, and this cycle, it just did not do that.
Those kinds of retraces are only possible because the level of expansion makes that level of contraction possible.
You can see on the 1M RSI that we barely even touched any degree of overbought, for the first time ever.
Every previous cycle has had huge pushes into the upper band of oversold.
Secondly, even if this is the big bad bear market,
BTC-0.2%
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I have so many people telling me I am wrong today.
So many accounts with 100 followers laughing at the content I share.
All whilst the Short term holder profit/loss ratio has hit it most extremely low level ever.
It has only tagged this level twice, with a close third:
- $49k bottom 2024
- $24k bottom 2023
And now.
Short term holders are totally tapped out, whilst last week ETFs bought over $500m.
No matter what has happened, the ratio has always returned to the green.
And the steeper the drop, the steeper the rebound has been.
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This is the 3rd most oversold level for Bitcoin ever...
When it comes to short term holders.
The only two times Bitcoin was more oversold for STH's was:
- Bottom of the bear market 2018
- Bottom in May 2021
This shows us that short term holders(emotional holders) have utterly capitulated beyond belief.
They are rekt.
Every time this oscillator has pushed sharply into the green, it has marked at least a decent local bottom.
BTC-0.2%
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There are now almost $15bn in short liquidations...
And that is only up to $100k.
I am very confident that Bitcoin is now forming its higher low here, and getting ready to bounce heading into FOMC and throughout a lot of December.
The downside is being over done here, with another $1bn in liquidations in the last 24h.
Short term holder capitulation levels have reached the second most extreme point ever, only second to the $49k Yen carry trade bottom in 2024.
Even if you are in the camp that the cycle is over and we are retracing 75% into a prolonged bear, you will want to wait until the market
BTC-0.2%
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The timeline is losing its mind today.
I feel like the overall sentiment has become extremely jaded...
And everyone becoming increasingly more and more irrational and emotional.
You must ensure you do not get sucked into this vacuum of doom and despair.
The vast majority of people will post about the price going down the more it has gone down... and the price going up the more it has gone up.
Which is why reversals after down only or up only price action catch everyone by surprise.
Recency bias is a big thing.
Anyway, it's important to analyse where we are now, and what we have coming.
Over th
BTC-0.2%
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This chart tells a deep story.
I wanted to add a bit more data to my earlier post about the 1M MACD bearish cross.
Here we have:
- BTC
- COPPER/GOLD
- ISM/PMI
- MACD
COPPER/GOLD and PMI tell an accurate story on the current position of the liquidity/economy cycle.
I have highlighted the times in which BTC has had 1M bearish MACD cross over the last 8 years, and if we observe all the charts together it shows us this:
In 2018 and 2021 COPPER/GOLD & PMI were at the highs after expansion, beginning to downtrend.
In 2019 and now, COPPER/GOLD and PMI are at the end of contraction/long downtrends.
Th
BTC-0.2%
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This is actually a great start to the month.
1. We didn't get a Sunday pump
2. CME gap already closed
3. $400m in long liqs taken already
Downside liquidity swiped first, which is what we want to happen.
We now have almost $2bn in shorts between here and $92.5k. And $13bn in shorts between here and $103k.
In terms of long liquidations we have $2.7bn down to $83.5k.
It would've been a lot more worrying had we pushed hard on Sunday, taken the short liqs first, then headed for longs after.
Take long liq first, form a higher low and begin to put in. a base heading towards FOMC and year end.
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You are going to see this shared a lot.
There will be a very high number of accounts posting this like robots...
"1M MACD crossed bearish + multiple closes under 50SMA, every time that happened it means the cycle is over"
But it's not true.
I've been saying to you all for a long time now that our current market position in Bitcoin and in altcoins is more like 2019 than 2021.
In 2019 we never made new highs as a mid cycle top, because we did not have ETFs and government adoption.
But we are in a very similar macro/liquidity/business cycle position to where we were then.
And back then, we had 5
BTC-0.2%
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Everybody is beaten.
I have never seen SO many articles, posts, videos and whatever else, all saying how Crypto is pointless.
How no one is interested, there is no value, its a scam, and how it has no future.
With almost all accounts collectively cheering on their own demise.
And all of this is happening while Wall street has 100+ Altcoin ETFs in the works.
The market makers/smart money/hedge funds have done an incredible job is beating the shit out of Crypto believers...
To the point that there is only apathy left.
But this could not be more of the worst time to be feeling this way.
It doesn'
BTC-0.2%
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Is $ETH about to go on another mega run?
On December 3rd, the Fusaka Upgrade is happening.
A very overall bullish upgrade for the entire network.
And last time we had a big upgrade, PECTRA, $ETH pushed almost 300% in the following months.
Price action has also been strikingly similar leading into this upgrade as the last one.
Of course, there is a lot more nuance to a price breakout, but this upgrade is lining up with a whole lot of other bullish signals that are showing us higher is next.
December is shaping up to be a more bullish month across the board.
ETH4.65%
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More and more bottom signals firing every day here.
And it’s so funny watching the timeline during low volatility.
Everyone is like a crack Addict for these candles.
As soon as things are chill the timeline loses their minds.
The longer it goes on, the more afraid people get.
The more panicked they get.
All they can remember is fear and loss.
And the the quiet begins to gradually erode at their emotions and they can stop the fear creeping in.
This is a textbook slow reversal, and it will continue to push higher than most think possible.
Then the first proper rejection will happen just as
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If the bottom is not in for alts now...
It will be in within the next two weeks.
We just had a Death cross print on TOTAL3, and each time this has happened within the last 6 years it has marked at lease the local bottom within 2 weeks.
Exactly like how the BTC death cross marked the bottom, which I covered in depth over a few weeks for you.
Again, this is only one data point, but it is a strong one.
When you combine things like this with every other piece of data I have shared, it serves as strong support for our thesis.
Much higher for alts soon.
BTC-0.2%
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If you are still expecting a year long bear market to start here...
I have a bridge to sell you.
I don't understand how anyone that claims they have a solid understanding of the crypto markets and macroeconomics can have that thesis.
Even worse, the people who are comparing right now to 2021 with that fucking fractal is wild.
You think that we're gonna get the exact same ending do you?
Just cos you can pull up a chart, add the SMA and the MACD, and open a nice big short down 75%?
No.
If you do not have a deeper level of understanding in this game you will pushed and pulled by every single mark
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