Jellee1

I'm afraid that little yellow guy has a trick up his sleeve
$BTC

The bear market may slow progress down a little, but I keep working towards the same goal:
A simpler lifestyle, no debts hanging over my neck, and the freedom to do whatever I want.
The past cycle got me a lot closer to where I want to be.
Bought my first home in rough condition about 2 years ago, and now that we're approaching summer, I'm finally wrapping up the renovations.
It's been hard work, I've learned a ton - and it's paying off in the value of the property as well.
In the meantime, my stock portfolio is growing rapidly (DCA + Dip buys), and the war chest is ready for $BTC reaccumulat

$BTC has formed a major bearish flag, right into HTF resistance.
The trend points lower.
Embrace it, all it means is cheaper coins could be on the menu soon.

$BTC Slamming into resistance on a news related move, right before the NY open.
Time to see if this move has any legs, or if we're getting slammed down again shortly.
I'd say place your bets, but I'm not a betting man - let's just see what we get.

Trump just announced a 5-day pause on military strikes against Iranian energy infrastructure.
Pause is subject to the success of ongoing discussions, but the markets are reacting strongly.
Let's hope they work it out, or we'll be back to bombs flying in no time.

$BTC tried to reclaim the previous cycle highs, but couldn't hold it for more than a few days.
Bears remain in the driver seat.
Taking it slow, patiently waiting for those sweet entries we're looking for.

$BTC started the week with a strong CME gap, sitting at $70,000.
The market will likely want to fill that before heading lower.
Over the past years, almost every gap has been filled sooner than later.

$BTC took out the highs and started correcting again, pushing towards the next available liquidity below the trendline marked in white.
Bulls really want to step in to defend here - if we start taking that liquidity theres quite a bit of fuel to cascade lower.

GM 🤝
$BTC Broke down from the rising wedge over the weekend.
Not a great way to start the week if you're a bull. Consolidate here for a day or two and those untapped lows look ripe for the taking.

Both $BTC and $ES still moving as expected, slowly moving lower towards my areas of interest.
Current exposure & plans to add more detailed in the chart.
Signing off for the week, see you guys on Monday.
Happy weekend!

When $BTC's weekly RSI makes a higher low again, it's time to pay attention.
Doesn't matter if BTC makes a higher low, equal low, or lower low.
When RSI starts moving higher again, the bottom is very close - or already in.
Patiently waiting for the signal to flash again. 🚨

Previous bear markets all lasted around a year.
$BTC topped just 23 weeks ago, and looks like this.
I'm not in a rush to buy back in.

$BTC is coming back to retest the $70k area from below.
Decision time - fail to reclaim it here and bears are back in control of the market.
Liquidity to the downside; waiting eagerly to be taken out.

In typical bear market fashion, $BTC's SOPR is flashing red for quite some time.
This means more coins are moving at a loss than at a profit.
The big spikes down generally mark a bottom.
Paying close attention to this metric 👀