Sykodelicc
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This is a great indicator to unpack the strength of bounces.
Had a few questions about OBV so here is a very clear example of how to use it and what different scenarios tell us.
On the left, we can see that the BTC price pushed past its nearest local high, then retraced back down to it.
When this happened, the price was level, but OBV had actually moved lower... which signalled weakness.
And as we know, price continued to dump.
Right now we can see that price has pushed locally higher, then retraced back to the same level.
But OBV has stayed higher... which signals strength.
So even though the
BTC2.09%
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We are at that stage in the market.
Where the smallest moves down happen and everyone just starts being like...
"$60K NEXT AND IF THAT DOESN'T HOLD THEN FUCKING ZERO.... I hOpE YoU UnDeRsTAnD"
When Bitcoin is quite literally just forming a bottom range after its most severe drop ever.
The 3D MACD literally set a new record low during that sell off.
And the RSI has tagged oversold, which it only tagged 3x prior to that.
2018 bear market bottom
2020 Covid crash
2022 Bear market bottom
All whilst Bitcoin is still chilling and consolidating above the 2021 - 2025 ATH trend.
You are a mad man if you
BTC2.09%
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This is probably the best and most bullish looking chart in the whole space right now.
I've already posted about ETH/BTC today, but I've been charting it in many ways and it is just so clean.
There isn't a more bullish looking chart.... find me a better one and share it below, if you can.
Clean impulses off the bottom
Tidy consolidations
Sharp springs
Respecting levels beautifully
And the 1D just reclaimed the 50SMA with 1D MACD ready to rip it.
Does someone want to remind me again what ETH/BTC looked like at the end of the previous cycles?
Pretty sure it was nothing like this 😉
Much much hig
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$ETH is also looking on the LTF here.
We have an OBV break above resistance before the price.
You can see very clearly, on this chart, that the price rejected from the resistance level...
But OBV broke straight through.
This is a sign of buying strength and typically, the price will follow.
Nothing is guaranteed with indicators, but I have found that OBV tends to be one of the most reliable leading indicators.
Mix that with the fact that the PA just looks bullish, I think we're going to see high before any meaningful pull back.
ETH2.79%
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Everyone is looking the wrong way.
You have been convinced by red candles and 4 year cycle bros that the market is over.
But it literally could not be in a more opposite position.
We have just entered the first phase of liquidity expansion in 3 years, and the Russell 2000($RUT) is already sniffing it out.
I've shared this a few times, but for those that don't know still, the $RUT is the small cap stocks index.
It is the lesser values and riskier index for American stocks.
And just like altcoins, the $RUT is highly sensitive to liquidity.
What we can observe here is that the TOTAL3 moves in a v
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The TOTAL Crypto market cap is going to $10tn+ next year.
You all need to reset your perspective and shake your heads.
Everyone has become so drowned by emotions of the moment that they actually have no idea where we are...
And there is almost zero understanding of the bigger picture.
The TOTAL Crypto market cap is pretty much at the same level it was 4 years ago.
In fact, it just tested that very level last week.
And this is after 4 years worth of massive Crypto adoption worldwide.
Let me say that again...
The TOTAL Crypto market cap, after 4 years of worldwide adoption...
Is at the same lev
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Bitcoin is looking pretty good here on the HTF.
And we have some differences between right now and at the end of 2021.
You can see at the end of 2021(green arrow) we found our bottom well below the break of uptrend.
After that break, we never got back over that trend line and continued much lower.
This time, however, we bottomed very slightly below the trendline, but have already pushed back over.
Obviously this needs a weekly close to confirm, but regardless, in 2021, we never got back above it in general.
I've also highlighted the only other times(other than the green arrows) that the DSS St
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$ETH looks ready to push much higher
In the last 5 years every single time the 1D RSI has gone from overbought, down to oversold, and then broken the trend(green circle)...
It has pumped a minimum of 45%.
That takes us to $4,300.
That is just the minimum, worst case scenario this is a bear market etc
The average is 111%.... Which would take us to $6,800.
Basically, whenever $ETH goes from overbought to oversold, and the breaks the downtrend...
It's pushes very nicely.
Only one out of those 5 scenarios did $ETH double bottom after the break of trend... the other 4 times the bottom was in.
It br
ETH2.79%
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VIC90vip:
Will ETH surpass 4.5k this year?
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Looking like a big breakdown is coming...
USDT.D is a very important chart when it comes to the entire market.
It is essentially the opposite of BTC + ETH, and when it rises, they drop.... and it drops, they rise.
And right now, we have OBV breaking down before the price.
OBV is one of the best leading indicators when it comes to understanding trends.
You can also see the example i highlighted from June.
OBV started to breakdown way before the price ever did.
The exact same setup is happening right now.
OBV has quite clearly lost its up trend, whilst the price is still fairly above it.
My mon
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I'm already starting to see it...
We have the "Bottom is in LFGGGG" and then the "Dead cat bounce lower is coming" groups.
The fact is guys is that reversals are always dead cat bounces until they aren't.
And they always feel like a dead cat bounce until they're much higher.
Lastly, everyone finds it so hard to believe in a pump after weeks of down, so people hesitate.
And in the end, Bitcoin climbs "the wall of worry"...
Then by the time the majority actually believe again... price is 25% higher, they buy in.... and then it dumps!
Buying bottoms is very hard for all of the above reasons...
An
BTC2.09%
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And now all of a sudden everyone is bull posting again.
It never changes.
Yesterday I was getting abuse hurled at me for saying the month open dump was healthy, and that we had likely bottomed.
Today, everyone is flipping!
This is why you cannot simply listen to people on X and use that to decide what is happening.
99% of them are just posting things based on which way the market is moving.
The more it moves down, the more emotional they get, the more down bad posts you see of people saying more down.
Same goes for up.
You have to form your own views and thesis, and believe in them rega
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It looks like the Death Cross struck again.
I think enough time has passed now to confirm that the Death cross marked the bottom here.
As I discussed in many of my earlier posts on this, it has confirmed 11 out of 12 bottoms, within 10 days of it happening, in the last 14 years.
And it looks like now it has confirmed 12 out of 13.
That is staggering odds.
I don't like calling LTF bottoms as I am not a LTF trader...
But if the daily closes like this, after this higher low and after the death cross, in a bullish engulfing candle, I think a very big case can be made that BTC has found at least a
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So you're telling me you're bearish heading into 2026 when...
- Vangaurd aped $1bn in 30 mins
- Blackrock ETF is highest earner for them
- Bessent said tax refunds inQ1 + $2,000 checks
- New Dovish FED chair wants to stimulate
- QT has ended and rates continuing to drop
- Overall macro tailwinds piling up
- COPPER/GOLD bottoming after GOLD topping
- Business cycle hasn't even started expanding yet
And you think we're gonna get $40k next year cos of 4 year cycle?
Not happening.
New highs in 2026 and the smell on the timeline when people realise this will be beautiful.
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This is a very important chart analysis for you to understand.
I am seeing people talking about $35k levels next year and it's absolute rubbish.
Firstly, for Bitcoin to retrace 75% it actually has to fully expand, and this cycle, it just did not do that.
Those kinds of retraces are only possible because the level of expansion makes that level of contraction possible.
You can see on the 1M RSI that we barely even touched any degree of overbought, for the first time ever.
Every previous cycle has had huge pushes into the upper band of oversold.
Secondly, even if this is the big bad bear market,
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I have so many people telling me I am wrong today.
So many accounts with 100 followers laughing at the content I share.
All whilst the Short term holder profit/loss ratio has hit it most extremely low level ever.
It has only tagged this level twice, with a close third:
- $49k bottom 2024
- $24k bottom 2023
And now.
Short term holders are totally tapped out, whilst last week ETFs bought over $500m.
No matter what has happened, the ratio has always returned to the green.
And the steeper the drop, the steeper the rebound has been.
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This is the 3rd most oversold level for Bitcoin ever...
When it comes to short term holders.
The only two times Bitcoin was more oversold for STH's was:
- Bottom of the bear market 2018
- Bottom in May 2021
This shows us that short term holders(emotional holders) have utterly capitulated beyond belief.
They are rekt.
Every time this oscillator has pushed sharply into the green, it has marked at least a decent local bottom.
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There are now almost $15bn in short liquidations...
And that is only up to $100k.
I am very confident that Bitcoin is now forming its higher low here, and getting ready to bounce heading into FOMC and throughout a lot of December.
The downside is being over done here, with another $1bn in liquidations in the last 24h.
Short term holder capitulation levels have reached the second most extreme point ever, only second to the $49k Yen carry trade bottom in 2024.
Even if you are in the camp that the cycle is over and we are retracing 75% into a prolonged bear, you will want to wait until the market
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The timeline is losing its mind today.
I feel like the overall sentiment has become extremely jaded...
And everyone becoming increasingly more and more irrational and emotional.
You must ensure you do not get sucked into this vacuum of doom and despair.
The vast majority of people will post about the price going down the more it has gone down... and the price going up the more it has gone up.
Which is why reversals after down only or up only price action catch everyone by surprise.
Recency bias is a big thing.
Anyway, it's important to analyse where we are now, and what we have coming.
Over th
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