B0git | Hourglass WAIT

Hey Mr Wolf, still thinking Near memes will run before March exit date?

Hey Ika, when we look at marketcap dominance is this in relation to BTC. Or the market overall? When you say dropping below 3,8% is that good for alts or bad?

Why does it need to go that low? Most of the liquidity is just sitting at $89/$90k really

No body closure below protective stop loss so no break of structure or break of that support level. No body closure below stop loss area and potentially the previous high of bar or top of candle I believe could be used to reload shorts

We would need to hold 840B to remain in alt season right?

Thank you Rogue you are the man. What a sacrifice you made for us haha

Because it’s a bigger market cap now so needs a lot more money to move the market. Gotta bring the targets down compared to last cycle

Oh yeah that makes sense! Like when you draw horizontal support or resistance. Most of the time it’s an area of key support rather than a direct price line. Is there a box trend line tool that would work for this or just be subjective to what fits the line?

Sorry might be unwanted feedback :)

That first chart you posted is invalid because you have cut the wicks and the bodies. Chose one or the other and this will open the triangle up a lot more :)

Totally agree. All bearish influencers are regurgitating each others opinions and most of them are comparing our current chart to the one in 2017. Big difference :)

Everyone’s now bearish and calling for $74k. You all follow each others opinions. Why are you trying to compare current state to a market date over 7 years ago?

I think 74k is a bit far. . Entry into that channel was 88k so probably bounce there

What’s your thoughts Wolf?

What about inauguration? Short term dip then continue

Just started looking into your alt bag. Time to stop being ignorant and learn from you. You said $94k would be bottom for BtC before retracement higher, (as long as macro trend holds) however wave theory brings us to 88k. Thoughts on that Wolf?

Oh I’m buying Doc, I’ve just been waiting for this redistribution to finish which will at 88k in a week or so then all in :)

This is SO good Zero. You nailed it. Would the 86k/90k coincide with the a,b,c Elliot wave retracememt we are currently undergoing? From your experience can reversals happen before an inauguration or is there to much unease before this time?

Thank you so much Zero. I’ve always been sceptical of TA from random people but you have my 100% full attention now after providing solid evidence for weeks now

What level you thinking we bounce from? Dominance going to keep climbing till Jan