Sykodelic 🔪

$ETH is HUNGRY for $3k.

14 daily closes above the 200D EMA, with wicks below eaten up.

Very very clean PA.

$3K next, maybe by tomorrow.

"I KNOW SOMETHINGGGGG" 😅

This is a very bullish metric.

Long term Bitcoin holders have been aggressively buying since the $74k bottom.

Especially over the last two weeks.

Long term holders/smart money always buy into bottoms and sell into tops...

So it is a great metric to follow for understanding where we're at.

But what is even more interesting about now, is that even though we have already broken into new highs, they have not started selling yet.

The last two run ups(as pictured) you can see that Long term holders started selling just before we broke higher...

Then continued to sell all the way up.

What does this tell us?

That Long term holders are expecting this to run so much higher.

Altcoins are looking ready to melt faces.

One th 1D timeframe right now we have a strikingly similar setup to previous runs:

- A break in the downtrend
- Golden Cross
- Rising volume on the push higher

The 3D, 5D and 1W look even more bullish, but I just wanted to showcase the 1D here.

If there is to be any bearishness, it will be very short lived.

I don't know who needs to hear this but...

When BTC is breaking ATHs Altcoins don't move.

And this is how we want it to be.

I'm seeing A LOT of people complaining about alts.

We just need to let Bitcoin cook first.

As Bitcoin is coiling and breaking, it is sucking liquidity and becoming more dominant.

Once it breaks and runs, dominance tops and liquidity then flows into the market.

And again, this is how it should.

This is the only way a breakout truly works.

So chills chads, chills.

Let BTC cook, hold on to your positions...

And let the market do its thing.

Bitcoin just hit ATH.

And just look at how clean that PA is.

Those 50day EMA tags and rising volume push...

Aint nothing beairsh here anons.

Pray for the bears.

PA might be a little wild here, but make no mistake...

It's on.

It’s so funny man.

Everyone thought it was over…

Then markets pump for weeks.

$ETH god candled from $1,800 to $2,700…

Then everyone FOMO bought in the last few days at the highs…

And are now saying it’s over again cos we dipped after massive moves.

If this is you, you are destined to lose unless you can look beyond your current emotional state.

Those of us who stayed strong and bought the lows, made great gains these last few weeks and shaved some profits at the highs, whilst most were telling us we’re sidelined.

You will see me insanely bullish at bottoms…

But you will also see me very cautious at top areas.

And that’s because I know this game.

We have to become bullish when majority and bearish, and bearish when majority are bullish.

Even if it’s just LTF.

If you wait for everything to be green before you buy…

The ones who bought when it was red, will be selling into your buys.

This pattern repeats for investors over and over until they lose it all.

If you want to win, you have to level up your game and understand what I’ve said here.

Because next, you’ll all be selling the bottom again in panic.

Bitcoin to $150k+ very soon.

First, a push up into 4.93% USDT.D into the Death cross...

Then massive puke into key Weekly FVG at 3.2% for our first market/local top?

In about 6 weeks, which lines up with BTC + DXY lagging expansion.

Can you see what I see anon?

If Bitcoin closes above $104,400 it will be the highest weekly close ever.

Sunday fakeout? Or start of new highs?

Sunday pumps are notorious for reversing, so I will be waiting for end of day Monday before celebrating any pumps.

Regardless, we are close. MACD is telling us something important.

This is crazy.

And if it continues to play out, it means that higher is next.

So what do we have here?

This is highlighting the lagging inverse relationship BTC has had with DXY since Bitcoin bottomed and DXY topped.

We can see that when DXY drops, BTC moves higher, but it has a lagging period beforehand.

The crazy part is that this lag has been 119 days until BTC moves back up to its recent local high.

EVERY single time.

From there, BTC enters an expansive phase, and every time this has been between 49 and 56 days.

Right now, we are right at that 119 day mark.

Is this continues to play out, we’re heading into price expansion next week for at least 49 days.

When you really dig into the charts you see that’s everything is actually very patterned and simple.

What makes it hard is our emotion.

Next week, expect volatility 🔥

How many of you out there are feeling like you could have done better?

Like you could have played this market so much better and been in such a better position?

Well, I got some reassuring news for you.

There is not a person in this space who doesn't think they could have done better.

Yes, even the most successful and wealthy traders.

Especially those guys, actually.

This entire part of this game is what makes it so hard...

Because it is literally impossible to not have this feeling.

Why?

Because its impossible to:

1- Buy the bottom
2- Sell the top
3- Predict the future

So by the markets very nature, you are ALWAYS making mistakes and timing things wrong...

Because we only have our best guess, and our best guess is going to wrong a lot more than it is right.

Then we have our lovely friend Mr Hindsight.

Ah, yes, the hindsight that is impossible to know beforehand, that always fucks with us because when we have the luxury(pain) of looking back our decisions we think...

"man... i should have done this or that"

But chads..... you didnt know?

How could you know?

The hard and bottom line is this.

Part of being successful is accepting that you will always have to deal with the fact that you could have done better, and being ok with it.

Having the strength and courage to make decisions and deal with the outcome no matter what it is.

It is vital for your success that adopt this mindset. That you accept that you will fall short every day, and that you are ok with that because you always try your best.

If you have a target of $100k, be happy with $60k.

At the end of the day, we are not here to get everything right and better than everyone else...

We're here to improve our lives and securing the bag.

And securing the bag will require you to probably buy too late and sell too early sometimes...

But that is what it is.

This is the "no dip" bullish case for Bitcoin...

And the wider market.

We are in a LTF triangle where, as you can see, BTC is respecting the 4H EMA nicely, with 3 taps now.

At the same time we also have:
- ETH closing above 1D 200d ema and using as support, as well as the 4H 50d ema
- ETH/BTC above 4h 50 EMA using as support
- TOTAL above key SH and 4h 50 EMA, using as support

The only LTF bearish thing happening here is USDT.D breaking above the 4H 50ema, but this could just deviate back below if BTC moves higher soon.

Basically, If BTC breaks below this current level, out of the triangle and heads lower, we will also lose all of the other key levels listed above.

If we're going to move higher without a larger pullback, we want to see this range hold.

Lose it and we see $97.5k $BTC and $2,200 $ETH.