숏

Expect 50k, 40k, 30k, and possibly 20k

Pull out to the monthly. We have been losing steam all Summer. RSI has crossed over bearish. We are making lower lows and lower highs every month. The best we could really hope for in September is an inside bar. If we drop down below 50 then that is a huge indication the bleeding will last several more months.

Everyone wants to see the blow off top now. Halving happened, everyone's bags are packed and the moon looks so close. But that is not how it works. Time and again there is a prolonged painful sell off when everyone's hopes are highest. This time will not be different. All the warning signs are there on the wider time frames. I'm out and waiting in cash for the chance to buy back at deep discounts.

Not advice, just my observations. Good luck.

노트

It takes time to dump just as it takes time to build back up. April/May is a realistic time frame to reach total bottom of this channel again. And then a long annoying Summer 2025 of sideways before we start to rebuild.

노트

i am expecting rejection here at 60k. by rejection i mean it wont close the day above. curious to see what happens.

노트

playing out as i said thus far. unable to breakout and hold for long above this 60ish region.