Sykodelicc

And another one.
The business cycle just locked its third consecutive month in expansion…
Bringing in the highest reading in 3 years at 52.7.
As I have been saying for ages now, Bitcoin has never entered a prolonged bear cycle within business cycle expansion.
It has bad corrections, and this has been a deep one.
But we are not following the 4 year cycle bear market because the cycle is actually governed by the business cycle and that is expanding, not contracting.
Everyone is gonna have to see this one to believe it, I understand.
But it’s happening.
After one month it was “it’s gonna dro

Important daily close for Bitcoin today.
It is potentially confirming a deviation below the ascending lows...
Which would create its first true piece of separation from the prior bear flag above.
Bear flags, once support is lost, are very aggresive.
Reclaiming the lost level would be a sign of strength.
Especially considering the amount of FUD around at the moment with the War, Quantum FUD, equities dropping etc.
All eyes on the daily close as there is still some time to retrace below it.

This is the most bottom of bottom signals for alts you can get.
Multi-century bear market?
So like 200 years?
Wtaf bros?
Wild 🤣

We are close to this being over.
People expecting $40k's are going to be sidelined, just like how people waiting for $12k were sidelined in the 2022 bottom.
Bitcoin is currently trading in the largest pocket of supply it has ever had, over 5 years, just underneath HTF bullish structure.
Back in 2022 this was totally different.
Bitcoin had lost HTF structure, and there was zero demand below... all that was waiting was clear air.
And it sliced straight through.
That is not just going to happen this time around.
As mentioned, the most I see happening is a deviation of this range low, reclaim, and

NO IS PREPARED FOR THIS.
I HOPE YOU BUCKLE UP AND PRAY AND SOMETHING COS YOU ARENT PREPARED FOR WHAT IS COMING
YOU ARENT BEARISH... I MEAN BULLISH... I MEAN I DONT EVEN KNOW.
JUST ENGAGE WITH MY TWEET.

Now is not the time to be selling and leaving.
I know it is hard to relax and have any level of faith right now.
The world seems on the edge of collapse, there is fear everywhere...
And Bitcoin is very close to closing its 6th monthly red candle in a row.
Something that has only ever happened once before.
But these kinds of extremes mark the point in which you want to be buying, not selling.
You gotta get that into your heads.
There have only been a few instances where Bitcoin has put in 6 or 7 monthly green candles.
And each time it has started a large correction after.
The same is true here,

The bottom signals for Bitcoin are stacking up.
Right now, the current Bitcoin supply in profit aligns with the overall bottom trend throughout its entire life.
Each major bottom that Bitcoin has, the amount of supply in profit is higher than the previous major bottom.
And this is because the circulating supply is always increasing.
Which is also why each major top the supply in profit is higher.
As the price of Bitcoin keeps reaching new highs and more supply being added to circulation, there is more supply from lower levels that will likely never go into loss again...
bringing this percentag

There is a chance we will sweep the $60k lows and hit the $50k's.
You can't deny that the structure is bearish and distributive.
We also have a pretty large headwind with the unexpected nature of this war... and potential escalation to a level that the market is not pricing in at the moment.
The energy crisis is gaining momentum around the world and this could induce some kind of black swan move. I know you cant predict a black swan, cos they are unpredictable events...
But an unexpected aggressive escalation or development that catches market participants off guard is not out of the question.

Things are developing differently here.
I'm still seeing lots of blanket comparisons from this current range to the previous one from $80k to $98k...
But they are actually forming quite differently.
Let's take a look.
Firstly, they do look similar at first glance.
Both gradual and rising, looking like a bear flag, cant deny that.
But structurally they have key differences, with this range showing more strength.
In January we had the sideways range into:
1. Liq grab to $98k and then drop
2. Pushed all the way below the trendline, showing weakness
3. A retest of that lost trend
4. Harsh nuke low

We have never seen these levels before.
During the $80k and $60k nukes, the short term holders realised losses reached their highest levels ever.
The $60k nuke was true capitulation, clocking losses over $250m more than ever seen previously.
This does not mean that we won't get any other kind of leg lower within this bottoming phase.
But what it means to me is that even if we do have another capitulation event, is that it will not be as strong.
My worst case scenario is a drop to take out the lows and deviate the 200D SMA, likely to around $55k.
That would cause another spike in this chart.
Bu

Alts are looking constructive here.
Get back above $185bn and this could be confirmed as a deviation below the two year range, after a large ABC correction.
Cautiously optimistic here, with Bitcoin being in the same position.
Still, we need to see it actually happen, and we are also in the area most likely for a rejection.
If we do get back above, i expect alts to run nicely for a bit.
Keep your eyes on it guys.

Nice moves so far here on the trade.
Nicely in profit.
PA is now putting in an inverse head and shoulders.
Target is range highs.
Anyone joined me on this one?
Let's book it!

The case for the bottom gets stronger ever day.
We now have a 1W RSI break of trend, which has led to a significant bottom 7 out of the last 8 times it has happened, over 7 years.
And the one time it did not happen, the bottom was only $3,000 away.
We have now reached record oversold levels with a RSI break of trend.
The signals are mounting up here, and apart from a $60k low sweep, maximum to mid $50k's...
The bottom is looking very likely in.
If you are not prepared for this scenario, you should be.
We will not be following the 4 year cycle bear market.

This will start the most hated and confused rally.
Once Bitcoin closes the weekly back above $74,400, it is running up to $200k.
This is not the same as 2022, in any way.
If/when Bitcoin reclaims this key HTF structure level, it confirms it as a deviation and commences an expanded flat reversal.
And this will be the most hated rally we have ever seen because almost no one is expecting this to happen.
Everyone is convinced of the 4 year cycle bear market, when there is mountains of data that disprove that we'll be following that path. The macro cycle could not be in a more different position.
T

No one is really talking about this.
Everyone is obsessed with the May 2022 fractal or the recent bear flag from $98k In January.
But the current price action looks very similar to the 2022 bottom.
At that time everyone was calling for another leg down to $12k, especially after the price pushed higher and rejected, just like it has now.
I remember it well.
At that stage, sentiment was very similar to now with almost everyone collectively agreeing on lower and another leg down.
Whilst all of the metrics behind the curtain like funding and premium, are looking much stronger.
The volume cluster a

Back from 4 days hiking and camping in the NZ mountains.
No internet
No social media
No distractions
Just me, my Mrs, and pure nature.
Feeling refreshed and alive.
Grateful to live in this beautiful country.