I THINK THE BITCOIN BOTTOM IS IN. HERE ARE THE FOUR STEPS THAT GOT US HERE.
Top. Break the SMA 100. 144 days of basing. Then a shock.
2022 ended with FTX. 2026 ended with the depeg.
I don't think we see sub-$60K again this cycle. One more dip into $61K is possible, and that's where I will open a big position.
Lose $58K on a weekly close and I'm wrong about all of it.
The last piece was the scariest one. It already happened.
$HFT $TAKE
Top. Break the SMA 100. 144 days of basing. Then a shock.
2022 ended with FTX. 2026 ended with the depeg.
I don't think we see sub-$60K again this cycle. One more dip into $61K is possible, and that's where I will open a big position.
Lose $58K on a weekly close and I'm wrong about all of it.
The last piece was the scariest one. It already happened.
$HFT $TAKE