Now that I have X open let me share my thoughts on $BTC as well:
I am confident in the fact that the macro low on July was the bear market bottom.
Price ended up establishing an accumulation schematic, experienced a +30 extremely tight consolidation causing BVOL to hit key reversal levels and afterwards saw a bullish expansion on increasing volume.
It is the very first time price action expanded towards the upside putting in aggressive displacement candles on increasing volume after accumulative price behavior within this entire downwards leg.
Very clear change in behavior from a macro perspective.
I would expect price to re-accumulate in my orange box, you simply need to wait for confirmations within your own system and get positioned for the next bullish expansion leg.
I am fairly late with calling for a bottom as I haven't been as focused on crypto that much. I am also not in any leverage longs at the moment. Have simply spent the last 6 months investing in spot on altcoins, $QNT being one of the most recent examples I showcased.
For this next re-accumulation leg I will be more focused for some high quality leveraged opportunities as well.
I am confident in the fact that the macro low on July was the bear market bottom.
Price ended up establishing an accumulation schematic, experienced a +30 extremely tight consolidation causing BVOL to hit key reversal levels and afterwards saw a bullish expansion on increasing volume.
It is the very first time price action expanded towards the upside putting in aggressive displacement candles on increasing volume after accumulative price behavior within this entire downwards leg.
Very clear change in behavior from a macro perspective.
I would expect price to re-accumulate in my orange box, you simply need to wait for confirmations within your own system and get positioned for the next bullish expansion leg.
I am fairly late with calling for a bottom as I haven't been as focused on crypto that much. I am also not in any leverage longs at the moment. Have simply spent the last 6 months investing in spot on altcoins, $QNT being one of the most recent examples I showcased.
For this next re-accumulation leg I will be more focused for some high quality leveraged opportunities as well.