BITCOIN | MACRO OUTLOOK | Top is IN | ALTCOINS SHINE

25 Nov 2024

I've been risking my opinion for the better part of a year, saying that the ATH is stilllll coming. Now, it's time for me to choose my trades again; and I'm choosing to take my profits here.
Here's a replay of an entire year's worth of BTC updates, incase you want to verify😉:

The next thing I'm looking at is the continuation of Altseason, because the TOTAL3 chart peaks AFTER the BTC high. I touched a little bit on this mechanic here; but I think I'll do another update on that in coming days.

After alts top-out, for BTC bounce zones I'll consider the moving averages, Elliot wave corrective theory, and previous resistance zones as new bounce zones. But this is near term, not short term.

Stay tuned!! Cheers to the believers 🥂

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BTCUSD

25 Nov 2024

Nota

Moving Averages will be a key bounce zone:


A potential H&S pattern since the left is such a prominent resistance zone (which always becomes a support zone):