Jellee1

Tonight we remember the Last Supper.
Jesus broke bread and poured wine, knowing exactly what was coming that night.
"This is my body. This is my blood, do this in remembrance of me."
God invites you to sit at his table. Churches are open tonight - He'd love for you to come.

Unless $BTC plans on going down forever, it will eventually make a higher low on the weekly RSI.
When that happens, the bear market bottom tends to be forming, or already in.
This is one of the main signals I'm watching to know when it's time to pay attention again. 👀

Failed breakout, bearish retest, lower high and lower low.
The LTF trend is down again, with ample liquidity available below us.
Even if the bear market lows are in, it would make sense to revisit $62,000.
Below that, and the 50ks are wide open.
$BTC

Previous cycle high got tested, and rejected again.
Bears remain in control.
$BTC

Inflation, war, massive uncertainty - all variables that can mess with your head.
All the more reason to make a clear plan, that does not take all those unpredictable variables into account.
The chart is the chart.
Two triggers; either price, or RSI based.
Don't care which one I get.
Just patiently waiting for the signal to flash, and then I'm a $BTC buyer again.
Simple.

$BTC Rejected from the daily bear flag.
Main areas to watch are $65k, $62k and $60k.
Plenty of liquidity looking ripe for the taking.

Bitcoin bull and bear markets have historically followed a clear rhythm.
About a year of downside, followed by just under three years of bull market.
In total, that brings you the four-year cycle.
Many people argued it was dead before the top formed, right on time. They're making the same argument now.
Is this time finally different?
$BTC

$BTC still feels very similar to the previous consolidation structure that broke down.
Quarterly open makes for an interesting situation - especially with Trump speaking later today as well.
Could get volatile; don't get sucked into trades that don't match your plan.

Two conflicting takeaways from $BTC's monthly close:
1) Potential inverted hammer - needs the next month to close above $76,000 to confirm.
2) Bearish retest following a breakdown.
Depending on the side you're on, you'll see what you want to see.
Which camp are you in?

One of the worst quarters in recent $BTC history.
Welcome to Q2.
Let's see if this one will be any better.

Saw a lot of people using ' $BTC never closed 6 consecutive monthly candles in a row ' as a reason why it had to go up a lot
Bitcoin really pulling an april fools prank here printing a green candle that looks like that 🤏🏻

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.