This chart shows the importance of the 200WMA. It has been a level that has consistently marked major market lows.
1. I think we'll touch this level (± 58k) before the big run starts
2. It doesn't matter, we're very close to a major low and this is a great place to buy
$BTC
The MVRV Z-Score has been a great measure of how overbought / oversold $BTC is. And we're reaching VERY oversold levels soon.
We could drop a bit further and make it to the green area. But this is a time to buy, way more than it's a time to sell.
Credits for chart to @bitcoinmagazine.bsky.social
Only 3 times in Bitcoin's history has the weekly RSI crossed below 30.
Every single time, we were VERY close to reaching the ultimate cycle bottom.
This is the moment to get loaded for the next run up that's starting soon.
I know it’s not a lot of crypto people on here, but for those few:
I’ve decided to relaunch my Substack and I’m pretty certain my #Bitcoin prediction makes many of you happy and excited.
Check it out and subscribe if you like the content!
open.substack.com/pub/futuresp...
WHUTT??
People were saying that there's not correlation between $BTC and $Gold.
So how is it possible that BTC/Gold bounces exactly on the 0.786 fib level I drew in the last post?
The very obvious ABC correction between $BTC vs $Gold seems to be coming to an end.
Everyone saying that there’s no relation between #Gold topping and money rotating back into #Bitcoin is wrong.
Who are the must follow accounts when it comes to posting about #crypto on Bluesky?
#bitcoin #ethereum #alts
Similarly also a fun fractal on $AVAX, comparing last pre-bullmarket chart to the current chart.
IMO we're in a similar spot.
Crypto always feels most dead just before a new run starts.
#Avalanche alert 🚨
Fun little fractal on $VET.
Everyone's convinced #altseason will never come back. It definitely will and once it does these presumed to be dead coins will rise up once again.
Not too long anymore imo.
#Vechain
I think it's likely that $BTC makes a move to $240k+ very soon.
Only 3 times in the past has the weekly $BTC chart breached an RSI level of 30. Each of these times coincided with ultimate bear market bottoms. A 4th time is very close now.
We might go a bit lower, but way higher awaits.
#Bitcoin