Jellee1

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.

Timeline wants you to be bullish here.
I still think patience is the play.
We'll know soon enough who'll end up right.
$BTC

I understand that people want to get this bear market over with, but historically - it takes a while before $BTC finds it bottom.
Patience brothers. Both in the bull, and the bear.

The market is starting to move again; but it changes nothing for me.
Either I get the entries I want, or the weekly RSI tells me it's time to start buying earlier.
Both outcomes are fine. I simply stick to the plan - as always.
$BTC

$BTC is breaking down from the major bear flag 🚨👇🏼