What continues to concern me is the low volume. If the volume can pick up, we can start going up again. With low volume the whales will continue manipulating the market up and down t flush out the leverage and confuse people. Any insight on when we get a positive shift? Do we need to wait for mercury to go direct?
Also, can't wait to see your SOL and Rune readings. :-)
Hiii agree with everything you say. Tmw morning Iām going to dedicate more time with cards to see about levels and get ready for May posts etc. Will also post Sol & Rune. They both didnāt look great initially but Iāll get that post tomorrow š
I was hoping for some good news on SOL & Rune, but that doesnāt sound good. I think Bitcoin could be headed for $59K by end of April. Then we get a run in May and hopefully alt season. I think we get a bigger crash in early June and grind sideways until September 2024. A double top is looking more likely. Second top in Q2 2025.
Whatās the sayingā¦. āSell in May and go awayā.
Double top is definitely looking likely. selling in May and going away tends to work really well but maybe this time a little different given the environment. Havenāt pulled details just the theme, so can say more once I pull. But If goes to 59k by end of April ( def possible ) then May will likely go lower before higher. Canāt wrap my mind around another retest of 60k holdingā¦.57/56 is support on Weekly band. If happens might be good buy instead of sell in May.
All valid points, letās see if we dip again into $59K by end of April. I would have guessed we go up in May if we dip to $59K by end of April. Interesting that you think we go lower in May, you may be correct. I donāt trade my BTC, itās a 5-7 year hold. Iām trying to decide what percentage of my alts to sell before the first top. Also, want to open up some leveraged longs on a $59K BTC dip. The market isnāt making it easy. Iām going to watch volume closely with the Hong Kong ETFās going live on April 30th. Volume seems to be the single most important indicator these last few weeks.
Just to clarify Iām not bullish or bearish on May yet. The theme card is Wheel of Fortune which is generally a good sign to buy, but I want more details. I am not saying May starts down as I havenāt pulled any of those details yet. But just saying IF April closes ā 59/60 then lower soon afterwards is likely because I donāt think 59/60 will hold IF we drop that that low because thatāll be 3rd retest & those typically donāt hold, esp because itās a tweezer bottom at 60, if taps again will keep going to 57/56 trying to say.All hypothetical. So if drops into April close hopefully itāll already at 57 and not 59 :) Would be odd to not go Up at start of May because New Moon usually. Iāll post more about May soon. Thatās smart youāre on 5-7 year plan with BTC.
What is amazing to me is that some of the attributes of your cards are different than mine, but somehow we end up on the same page.
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What continues to concern me is the low volume. If the volume can pick up, we can start going up again. With low volume the whales will continue manipulating the market up and down t flush out the leverage and confuse people. Any insight on when we get a positive shift? Do we need to wait for mercury to go direct?
Also, can't wait to see your SOL and Rune readings. :-)
Hiii agree with everything you say. Tmw morning Iām going to dedicate more time with cards to see about levels and get ready for May posts etc. Will also post Sol & Rune. They both didnāt look great initially but Iāll get that post tomorrow š
I was hoping for some good news on SOL & Rune, but that doesnāt sound good. I think Bitcoin could be headed for $59K by end of April. Then we get a run in May and hopefully alt season. I think we get a bigger crash in early June and grind sideways until September 2024. A double top is looking more likely. Second top in Q2 2025.
Whatās the sayingā¦. āSell in May and go awayā.
Double top is definitely looking likely. selling in May and going away tends to work really well but maybe this time a little different given the environment. Havenāt pulled details just the theme, so can say more once I pull. But If goes to 59k by end of April ( def possible ) then May will likely go lower before higher. Canāt wrap my mind around another retest of 60k holdingā¦.57/56 is support on Weekly band. If happens might be good buy instead of sell in May.
All valid points, letās see if we dip again into $59K by end of April. I would have guessed we go up in May if we dip to $59K by end of April. Interesting that you think we go lower in May, you may be correct. I donāt trade my BTC, itās a 5-7 year hold. Iām trying to decide what percentage of my alts to sell before the first top. Also, want to open up some leveraged longs on a $59K BTC dip. The market isnāt making it easy. Iām going to watch volume closely with the Hong Kong ETFās going live on April 30th. Volume seems to be the single most important indicator these last few weeks.
Just to clarify Iām not bullish or bearish on May yet. The theme card is Wheel of Fortune which is generally a good sign to buy, but I want more details. I am not saying May starts down as I havenāt pulled any of those details yet. But just saying IF April closes ā 59/60 then lower soon afterwards is likely because I donāt think 59/60 will hold IF we drop that that low because thatāll be 3rd retest & those typically donāt hold, esp because itās a tweezer bottom at 60, if taps again will keep going to 57/56 trying to say.All hypothetical. So if drops into April close hopefully itāll already at 57 and not 59 :) Would be odd to not go Up at start of May because New Moon usually. Iāll post more about May soon. Thatās smart youāre on 5-7 year plan with BTC.