Bitcoin's 2024 Cycle Top: 3 Peaks and a Domed House

9 Oca

Tops are never easy to call. The Bitcoin cycle top won't be the same as the previous one. It appears that the cycle tops so far are:

The gods are rotating all the classic patterns

- 2017 Cycle Top: Classic Blow Off Top.
- 2021 Cycle Top: Double Top.

We posit that the current Bitcoin macro cycle will end early and December 17th, 2024 at 108K was Bitcoin's Cycle Top.

The topping pattern this cycle will be 3 Peaks and a Domed House

Reasons
- It's Bitcoin. An 80 vol asset. It can do anything which is actually a feature.
- Did you really think Trump cared about Bitcoin? Thanks for your votes, and he gave you 100K. You're welcome.
- No Bitcoin Strategic Reserve. Imagine thinking it will be passed by Congress.
- MSTR DCA price is a target at 62K is a taret.
- Bitcoin ETF buyers think it will be UP ONLY for them? They need to experience a large bear market shakeout and start calling Bitcoin a Ponzi scheme to truely earned their stripes.

27 Oca

İşlem aktif

The trade is still active. A new point 25 was printed last week, but the Dome House remains intact. Short all pumps going forward.