$BTC
BTC, Q4 and Cycle Tops 🚨
i took the weekend off and i'm now back with a fresh analysis of what i think is in store for the next 3 months
i drew this fractal last month and surprisingly, it's been working to the T (till now)
if we did what we did back in march - april, we should bounce somewhere around these 2 magic lines called 1D EMA200 & 1D MA200 and resume ze pump in october
now, fractals are only as good as they look but this also coincides with our early september low around 107k and a sweep n reclaim of it would be quite bullish and would set the stage for Q4
but..what if we already bottomed last week?
well, a reclaim of 112k would pave the way for 117.5k and reclaiming that level would be omega bullish imo and if/when we do that, we probably make a new all-time high above 125k
118.8k - 112k is pivot so, if you're day trading, keep an eye on this level
Q4
october - december has always been an interesting time in crypto ~ almost all the major tops/bottoms have happened this time around only so, it makes sense for us to repeat the same, no?
to be honest, i dont know if we will top this Q4 or not but one thing i'm pretty sure of is, if we get a new ATH for BTC and majors, i would be taking the majority of my gains off the table
why?
because that's been my plan since the beginning of the cycle
plan the trade <> trade the plan
Cycle Tops
there's a lot of chatter going around whether we have topped or not but personally speaking, i think we have one more leg up in the next few months
i'm a big believer of 4-year cycles simply because it's been working for years, so, if we have topped before, maybe this time is indeed different but only time will tell that so
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