Bitcoin Weekly | Another Support Lost

16 Eyl

Another support level is lost in the form of EMA34 on the weekly timeframe...

Good Monday my dear reader, how are you feeling today?
Tomorrow we will have really high energy with a super full-Moon; will this be the trigger for the crash?

Bitcoin has been in a downtrend for six months now, fully confirmed and no signs of this pattern ending, in fact, it is being reinforced.

This week starts red and starting red after a weak pull-back is bad news.

What needs to happen for this chart to change from bearish to bullish?
That's irrelevant.

The fact is that Bitcoin is bearish now and moving lower.
It will turn bullish when it turns bullish, at that time we will consider the bullish signals.

For now, focus on the prize, focus on the goal; adapt to market conditions, remove the blinders, don't let assumptions get the best of you, the crash is closer than ever before.

I belief it will be a flash crash... But, who knows!

I don't know if it will flash crash or slow crash, but it is going down and we have some reckoning to do before we can consider bullish growth.

Remember, recovery in late 2024; slow in early 2025 (January-February) and bullish speed in March 2025 and beyond.

Patience is key.

Let the market do its thing.

Everything is good with life.

There are many opportunities around and many Altcoins are good now to support you while Bitcoin goes through its reset.

It might be "painful" short-term, only if you are not prepared.
But long-term, this is good news... We use these challenging moments to become stronger, to grow and evolve; challenges are the stepping stones to success.

You are a Diving living Soul.
You have eternal life.
You are special.

Namaste.

18 Eyl

Not

The term people use around here is, "priced-in."

The event has already been "priced-in" by the market.