Jellee1

Main thing driving my thesis: $BTC bear markets have historically ALWAYS bottomed well below the 0.618 retracement level, which currently sits at $58k.
The previous bottoms even went as far as 0.786, but with each bottom being less deep below that, it's unlikely that we will go that deep again.
As such, I'm holding off on starting re-accumulation until we at least dip below $58k.
Personally think somewhere in the middle of the grey box makes sense for a bottom - but we'll see about that.
Bear markets take time to unfold, so I can afford to be patient.
Snipers spend most of their time waiting t

$BTC has been closely correlated with its 2022 bear market path.
Fractals generally don't play out 1:1, but they are a good way to see how similar environments played out in the past.
Worth keeping an eye on.

$BTC spiking into the resistance area just after the NY open - earlier for the next 3 weeks due to daylight savings.
Wouldn't surprise me if we reject from here soon & visit the $65k region again next.

$BTC giving some relief ahead of the NY open.
Entering resistance area here - pretty likely we push back lower in about an hour or so.
Taking it slow as you know - letting the market come to me.

$BTC tried to relaim the previous cycle highs, but got swatted down hard.
As said over the past weeks; bottoms take time to form.
Patience!

If you're a bull, this is where you want $BTC to bounce sooner than later.
Downtrendline being retested along with the 12h 50EMA/MA cluster.
Personally think the deviation above range highs trumps this, but if you're looking for hopium, this is it.

Before I head off - a quick glance at the stock market says 'Now or never'.
If the S&P doesn't bounce soon, we lose a key level - and price likely moves noticably lower.
$6,500 & $6,200 are first targets in that case.
Would love the opportunity to load up on cheap stocks.

So far, $BTC has followed the 2022 bear market fractal closely.
With the way we just took out the range highs - I doubt it will suddenly deviate course significantly, although a nuke straight into $52k makes little sense here either.
Slow bleed from here seems more logical.

Deviation above the range highs confirmed.
Patience remains my game; bear market rallies change nothing.
Have a good weekend gents!
$BTC

Bear markets tend to take a while to unfold.
Patiently observing the developments; I'm not in any rush to act.
Even around the absolute lows, you generally have weeks to accumulate.
Patience.
$BTC

If it looks like a bearish retest, and smells like a bearish retest...
It's probably a bullish breakout to $120k.
Right? 😶
$BTC

Weekly resistance acting as weekly resistance - as expected.
Patience.
$BTC

Good morning & happy Friday!
$BTC is retesting the range highs, a must-hold area for short-term bulls.
Close back below the grey box, and we likely retrace the entire move, and test the low $60ks again.
Still patiently sitting on my hands; observing, but not trading.

$BTC lost the 4h 200EMA again, just 2 days after breaking above it - and now tries to push back into the range.
Lose $70k and bears are completely back in the driver's seat.

Moment of truth for $BTC
Deviation or successful breakout?
We'll know soon enough.

$BTC is still closely following the 2022 bear market path.
Would have at least one more drive lower in the tank if it keeps playing out the same.
We'll know soon enough.
Patience remains my game. Either the market proves me wrong; or I get cheaper entries.

$SILVER is still closely following $BTC's 2017 blow-off top pattern.
We've been watching it for a while, and every time I think it's breaking the pattern - it snaps back in.
Incredible.

Major weekly resistance test for $BTC
We're still in a strong downtrend.
Caution advised.