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$BTC Short-Term Holder Realised Price Whenever $BTC gets above the Short-Term Holder Realised Price in a Bear Market, it ends up crashing badly 📉 🩸 Consider yourself warned.
Pay attention to $JUP here as it's trying to break out of the Triangle 👀
POC @ $0.5 is an easy mid-term target
$ARB $OP $SEI $APT printing Bull Divs on the Weekly 👀
And we lost the 50-Week MA ❌ #Bitcoin Bull Market is Over. Welcome to the Bear Market! 📉 🥳
$BTC 1D chart
I'm still skeptical of this pump because we didn't hit the CVDD, even missed the Realized price and the timing is off.
👉 However, I will have to turn 100% bullish on December 1st.
Until then I'm gonna watch, maybe we'll just print a Higher Low in the next 2 months and break out of this giant inverse Head&Shoulders in December-January 📈
$BTC
This breakout weekly candle looks identical to the breakouts of April 2019 & January 2023 🤔
$BTC aggressively broke above the MA200 & EMA200 on the daily. That's a huge wake-up call for the bears
In 2018 & 2022 such a violent pump above the key MAs confirmed the end of the Bear Market 🐻❌
💭 I question myself: Do we have enough time to retrace this pump before the classic Bear Market runs out of time? And to be honest, it's hard to imagine what should happen to completely retrace this pump by mid October 🤷♂️
Maybe this Bear Market could last beyond October, but if there are no new lows by December 1st, I will flip 100% bullish
It amazes me that there are some people who think that this ($126k -> $58k) was not a bear market, that it was just a pullback before the real bull run.
Yeah, just a pullback. -54% from the top 😂
Definitely not a bear market 🥴
What if $58k was the Bear Market bottom?
Well, then it was the first Bear Market in history when $BTC didn't reach the CVDD ($49k) 🤔
Damn, $BTC didn't even touch the Realized price ($52.7k) this time!
Previously, $BTC spent quite a some time below it during bear markets 🤷♂️
Something's off 😑
Some bearish copium for you guys
This $BTC pump is so strong and sudden that it only reminds me of the Xi pump in October 2019
❗️ I'm not saying it will play out exactly like that, but we should be aware of what's possible in this market
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Maxim Mernes
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