
🇺🇸 🇺🇸 Happy Independance Day, everyone! 🇺🇸 🇺🇸 Since BTC deviated back into the channel/wedge, I'm considering today a dip-buying opportunity. My guess is BTC will drop down to tag $105k (white arrow) or $106k (blue arrow) to give us a scare with holiday low liquidity, and then rebound. In my eyes it's just a matter of time before Bitcoin breaks into new ATHs. The bull market is very much in effect. As such, any dip is a buying opportunity, should you choose to accept it. Otherwise, hodl on and enjoy your weekend!

When Altseason? - ALTS/USD - As priced in USD, altseason has been ongoing for almost 2 years now. If your alt hasn’t been climbing in USD terms during this period of time, then consider you might be holding junk. Other alts have been gaining in USD terms. [chart 1] - ALTS/BTC - As priced in BTC, altseason hasn’t yet even begun, as bitcoin dominance continues trending higher. At some point this will change and alts will outpace BTC, but that leg of the journey hasn’t begun yet. [chart 2] As you can see, it’s possible for ALTS to go up as priced in dollars while bleeding against BTC. This means it’s better to hold BTC until the ALTS/BTC chart finally starts heading up (when bitcoin dominance heads down). That portion of each crypto cycle is usually fairly short lived— about 1 of every 4 years. - SUMMARY - So, when altseason? A long time now, as priced in USD. Hasn't started yet, as priced in BTC. The next time someone asks you "When Altseason?" Your correct response is to ask them: "As priced in BTC or USD?" If they say "USD", then reply "it's been Altseason since 2023". And if their coin hasn't been going up, they are holding garbage. Thanks. I hope this clarifies.

I don't hear anyone talking about Bitcoin Cash $BCH but it's making moves and primed to rip, as priced in BTC and as priced in USD. BCH will very likely outperform BTC for the forseeable near future 🟠 BCH/BTC [chart 1] - Bottom is in. Looks like it wants to break out (the green line demarks a major resistance level that, when flipped, will likely lead to a big run up). This means BCH will outperform BTC. 🟢 BCH/USD [chart 2] - Massive 7 year wedge (longest yellow & blue lines), with a sub-wedge (2 yellow lines converging). BCH reclaimed this sub-wedge and made the move outside of it a deviation (see the curved yellow arc). BCH/USD could be primed to rip soon along with BCH/BTC. TL;DR: Both BCH/BTC and BCH/USD are bullish. BCH will very likely outperform BTC for the forseeable near future

I’ll be looking for buying opportunities soonish. We want BTC to drop quickly. Better than a slow bleed that doesn’t recover. The steeper the crash the sharper the rebound.

It looks increasingly likely BTC will see a re-test of at least $100.8k as the first major level of support. I say this as BTC drops out of the pennant (white lines) for a second time. The next major levels below that are $97.6k and $92.8k. If these levels are reached, I see them being quickly rebounded from. This is all possible within the confines of the right shoulder of the larger inverse HnS (see quoted post below for reference) and can actually make the right shoulder more complete (comparable in size with the left shoulder).
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About Me
GAIN CAPITAL ‘’All paper money eventually returns to its intrinsic value - ZERO" (Voltaire 1729) "Fiat is the scam that enables all other scams." I DO NOT SELL COURSES 🗣️
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