Jared 🦕
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$BTC Bitcoin
There was no need for an update because everything was covered weeks ago in the quoted tweet but as some people keep asking maybe I need to break it down:
1⃣ I explained why the best window of opportunity to attack 79K was until the 15th of March and that since the 16th of March $74,434 starts to act as a powerful resistance making it more difficult. As a result, bulls missed the best opportunity to attack 79K and because they attacked after the 15th, so far the price only managed to wick above $74,434 and is rejecting. 79K is now less likely to come than by the 15th of March - and this statement was made on the 1st of March.
2⃣ That's why I said in the comments, even though that should have been crystal clear from the post, that I expect a bearish reversal latest around 79K: x.com/DoctorCatX/sta… and in the post I made it clear that it should be time-wise no later than the 29th of March.
I also said at the lows that if a weekly pump is to happen it should happen when bearish war news come out: x.com/DoctorCatX/sta…
The pump came right after the news, and so far the price rejected no higher than 79K and no later than the 29th of March.
As everything is going as expected (so far) I see no reason to update. If I update what should I say.... "I told you so"? Since I got some health issues in November I'm working on my spirit in a sense that I've decided to mature and try not clout chase on Twitter so I don't want to update in this case.
I don't understand why people are asking for an update when everything is happening as projected. If I'm wrong or my opinion changes there is a reason for update and I might update if I feel so, otherwise there is nothing to update.
Now IF the price doesn't completely break down from here directly to new yearly lows, and there is another exit pump before that (which is still hard to tell), I think that if the price manages to go to at or above the weekly Tenkan Sen this would be a short-lived opportunity for bears. This week that's $76,781, next week it is $75,184. Of course, patient and conservative bears may wait for 79K+ but they risk to miss the opportunity.
There is just one thing to add since the last post:
Based on the time cycles on the 3M timeframe the macro bottom is not in and should come after March.
Dr Cat@DoctorCatX
$BTC Bitcoin - Update To be more specific, the 2W resistance is $79,466.5 - $81,138 between the 2nd of March and the 15th of March and $74,434 between the 16th and 29th of March. And the weekly resistance is $78,934.5 until the 15th of March. In the same time, the window for the next weekly high is until the 29th of March. So if a pump to around 79K happens from here it should be faded by the 29th of March, even though the most obvious period for that would be by the 15th of March. In the same time, based on Kyushu Ashi on the 2M, April should close above $70,202. If the macro bottom is in the price should probably establish a wide range for a few months before a weekly reversal. If the macro bottom is not in, the price will probably go much lower than most people expect, i.e. 20-30s and should not bottom at 45K which is the most crowded target. But that's just a sentiment-based guess and there is no need to predict anything.
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$BTC Bitcoin - Update
To be more specific, the 2W resistance is $79,466.5 - $81,138 between the 2nd of March and the 15th of March and $74,434 between the 16th and 29th of March.
And the weekly resistance is $78,934.5 until the 15th of March.
In the same time, the window for the next weekly high is until the 29th of March.
So if a pump to around 79K happens from here it should be faded by the 29th of March, even though the most obvious period for that would be by the 15th of March.
In the same time, based on Kyushu Ashi on the 2M, April should close above $70,202.
If the macro bottom is in the price should probably establish a wide range for a few months before a weekly reversal.
If the macro bottom is not in, the price will probably go much lower than most people expect, i.e. 20-30s and should not bottom at 45K which is the most crowded target. But that's just a sentiment-based guess and there is no need to predict anything.
Dr Cat@DoctorCatX
$BTC Bitcoin - Update So far so good, the daily low is being set on shedule by the 6th of Februrary and we saw a bounce from the 63K-65.6k area despite an initial wick below it. On the 9th of February the 3D chart will flash a fake death cross which needs a fresh low for validation. So if the price makes a new low, 54K-55K should come. If it doesn't make a new low and instead this indeed is a short/mid term bottom for a while, then anything above 79K-82K *IF it comes by the 12th of April* should be a gift opportunity for bears on high timeframes before the next leg down, as explained here: x.com/DoctorCatX/sta… If prices higher than 79-82K come after the 12th of April we need to re-evaluate. More about fake and real TK crosses here: x.com/DoctorCatX/sta…
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