#Bitcoin

this is a potential roadmap for the current cycle. As we stated before, we believe we are in a mid-term correction right now that could take us to mid-/low 50ks.

The rest of the year should lead to another pump fueld by continued institutional buying, halving itself…

As promised, we are now providing a detailed, unbiased analysis (as unbiased as it can be) on #Bitcoin .

A lot of people are confused right now.

'WWIII - we go to zero?'
'But halving, we go to moon?'
'New ATH usually means rally?'
'But interest rate hikes? Zero?'

A 🧵

#Bitcoin

this is a potential roadmap for the current cycle. As we stated before, we believe we are in a mid-term correction right now that could take us to mid-/low 50ks.

The rest of the year should lead to another pump fueld by continued institutional buying, halving itself…

#Bitcoin UPDATE

Happy halving day everyone!

We are seeing a nice pump off the horizontal support zone. BTC has marked a local bottom here

The ascending trendline remains the crucial resistance here, until then the correction is ongoing.

We expect some volatility in the…

12/12

Conclusion II/II

A) We expect a continued correction despite halving
B) A potential target will be the 61.8 Fib Retracement (low 50s, lots of liquidity there)
C) No the bull market is not over. Just taking a break. Which is ok after such a 1-year up-only move.

#Bitcoin

some more liquidity... opening highly leveraged longs in a clear downtrend is probably not the best idea rn

#Bitcoin

after our thread, people seem to get really hooked on the term 'Wyckoff Distribution' - 'wrong context... you don't understand... etc'

Semantics really don't matter. I'll make it easy:

If we get some positive newsflow, the scenario is invalidated and we are wrong.…

#XRP I know a lot of my homies are super bullish (sorry guys), but really, the chart tells me personally to stay away:

2017 to 2021: #Bitcoin peak to peak +250%
2021 to 2024: BTC peak to peak +6% (so far)

2017 to 2021: XRP peak to peak -40%
2021 to 2024: XRP peak to peak -60%…

2/12

MACROECONOMICS

Core retail sale numbers were up 1.1% yesterday, indicating inflation is on the rise again.

The FED will likely not lower interest rates - on the contrary, people are now afraid of more hikes.

Meaning: Short-term bearish

Screenshot Watcher.Guru

In our opinion the btfd 'dip' is below 55k

#Bitcoin

👇👇👇

11/12

CONCLUSION I/II

Despite the clear bullish signs mentioned here (Halving, new ATH), there are some strong signals that we might see a mid-term correction here.

Depending on the newsflow, this might be more or less abrupt. BTC dominance will rise, altcoins drop.