Jellee1

Bitcoin bull and bear markets have historically followed a clear rhythm.
About a year of downside, followed by just under three years of bull market.
In total, that brings you the four-year cycle.
Many people argued it was dead before the top formed, right on time. They're making the same argument now.
Is this time finally different?
$BTC

$BTC still feels very similar to the previous consolidation structure that broke down.
Quarterly open makes for an interesting situation - especially with Trump speaking later today as well.
Could get volatile; don't get sucked into trades that don't match your plan.

Two conflicting takeaways from $BTC's monthly close:
1) Potential inverted hammer - needs the next month to close above $76,000 to confirm.
2) Bearish retest following a breakdown.
Depending on the side you're on, you'll see what you want to see.
Which camp are you in?

One of the worst quarters in recent $BTC history.
Welcome to Q2.
Let's see if this one will be any better.

Saw a lot of people using ' $BTC never closed 6 consecutive monthly candles in a row ' as a reason why it had to go up a lot
Bitcoin really pulling an april fools prank here printing a green candle that looks like that 🤏🏻

Bulls have work to do.
As things stand right now, it looks like we're about to head south again.
$BTC

$BTC has spent the past 8 years inside this rising channel, and I don't think that will change anytime soon.
Might be time to push towards the upper channel limits again next cycle.
What do you think?

Many of you will remember my 🚦bull run plan: A simple plan to scale out of my bags as prices move higher.
Getting back into the market is a little more complex, but this chart shows how I approach it.
Either I get the prices I want, or I start DCA-ing when the RSI tells me it's time to start buying.
A strong higher low after tagging weekly oversold conditions tends to be a good time to buy.
I won't ignore that signal when it comes - but until then, I'm waiting for lower prices.
$BTC

I've seen this movie before.
$BTC

Previous lows turned into resistance.
Plenty of liquidity left to take out.
Patience. 🧘🏽‍♂️
$BTC

$BTC is retesting the daily bearish flag from below 👀

$BTC in the process of taking out the downside liquidity, 3 pockets hit so far.
Lately we've seen a lot of weekly highs form early on in the week; wouldn't surprise me if this is another one of those weeks.
Relief rally today, stall tomorrow - and then start pushing back down.

$BTC rejected from a massive resistance zone between $70,000 and $80,000.
The market likely needs some time before it gets back above.
BTC tends to show plenty of signals to get in before the real uptrend kicks off again.
Until then, patience is my game.

$BTC's bear market lows have historically formed below the 0.618 retracement level.
Is this time different?
Doubt it.

$BTC formed a high-timeframe bearish flag into key resistance, and broke down.
Doesn't mean zero next; but it does add confidence to the thesis that - just like all previous cycles - bear markets take quite some time to complete.
Patience remains my game.

GM & Happy new week!
$BTC's local uptrend is over - as expected - and price is starting to move lower again.
Testing the previous lows as resistance as we speak; bears are back in the drivers' seat.