Positively surprised with the current price action of $BTC.Ultimately, everyone is patienced and sidelined for the Bank of Japan event.That's the big event of the month, and given that it provided such a big response in the markets in previous times, the anticipation is that this will happen again.I don't really think so, as when everybody expects one thing, usually the opposite is the actual outcome.Other than that, break $88K and we're back in the good music land. ...

Ultra bad markets, I know.Few things to consider:- Tody was VIX expiration day, usually a net negative day for the Nasdaq.- Friday is the BoJ event where they'll announce a rate hike.This event has been providing negative price action (a massive one) for $BTC in the past.Given that this has happened twice, traders are anticipating that this will happen again and therefore, I think that we're seeing a selloff already frontrunning the event.I don't think the event itself is bearish, so would say 1-2 day more ...

Market Sentiment - The market is potentially entering a capitulation phase, indicated by a capitulation period/candle, particularly in Altcoins [1] - Current market sentiment suggests a lack of belief in Altcoins [1] - A potential 20% drop deep wick in Altcoins could quickly change the market sentiment [1] Investment Strategy - The advice is to remain patient and avoid leverage during this volatile period [1]

Hah!That was a great move: NOT.No clear breakout above a crucial level for $BTC, and it was a clear sweep of all levels.Therefore, the levels and thesis remain the same.The markets need to break through $88K to gain momentum.If not, then the levels at $83K for liquidity and $80K for liquidity are the important ones to look at.The bottom is relatively near, and today is a volatile day as its VIX expiration day for the year. ...

This is great.A great move upwards on $BTC and there are a lot of shorts ready to be taken out.The $88K breakout is crucial, I think that it's very likely that we'll start moving all the way to $93-94K. https://t.co/WwQsWmcxpM ...

Technical Analysis - Bitcoin's 14-day Relative Strength Index (RSI) has reached its lowest point of the current cycle [1] - The RSI has flatlined at 0, suggesting a potential upcoming relief [1]

One of the best examples of misrepresentation and misunderstanding comes from using the wrong references when valuing assets.This is the Dutch stock market vs. the M2 Supply.It's still down 70% from its all-time high.The same can be seen in Gold and other assets as well.The difference is: the chart vs. USD is printing new ATHs. However, analyzing based on that can not be very clear.That's why I try to focus on these reference parameters, and they clearly show there's no recession or bear market on the horiz ...

Market Trend - Potential Nasdaq rally could shift focus back to risk-on assets like Bitcoin [1] - Industry anticipates a possible end-of-year rally to an all-time high [1] Bitcoin Analysis - Bitcoin might retest its lows [1] - Industry analysts believe a correction to $40-50K is unlikely unless the U S economy collapses [1]

I remain focused on this chart, which is the Gold one.In my view, we'll see a new all-time high in the coming days, and that's going to be the big test.If there's a sweep and harsh rejection, then we might be seeing a significant sell-off.I do think that this month / January, provides the high for now, and a big macroeconomic event should usually surround it.Given that liquidity in the financial system is likely to be wider, I would assume it's at its peak in the coming weeks. ...

Clear rejection for $BTC, which means that the downtrend is still intact on lower timeframes.I want to see a clear breakout above $88K, which would be a strong signal to the markets that we're looking at upward momentum from here.If not, then it remains to be the case that a test at $83K for liquidity and $80K for liquidity is in the books.Given that there's a lot of macroeconomic events taking place over the course of this week, I wouldn't be surprised if we're getting any of those tests. ...