Sykodelicc

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This is a very important weekly close.
And so far, its looking good for the bulls.
But lets cover the 360 degree picture here.
On the HTF Bitcoin has now:
- Reclaimed HTF structure and the 2025 yearly low
- Broken out on the 1W RSI
- Ticked bullish on the 1W MACD
- Broken above the 100D SMA
On the bearish side we have:
- Below the 1W 50EMA
- Below the 200D EMA
- Short term holders average cost & true market mean at $79,000
There are some very key levels for BTC to work through here before you could begin to confirm a new uptrend.
However, every previous time Bitcoin has reclaimed HTF structure
BTC1.85%
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The bullish signals continue to ramp up here.
Bitcoin is currently completing a 50/100D SMA bullish cross.
Every time Bitcoin has done this after reaching oversold on the 1W RSI, the bottom was in.
In addition, Bitcoin has strongly broken out of the 1W RSI downtrend...
Another signal that had also fired the last two times we had this cross.
With just over 12 hours until the weekly closes, unless we get some unexpected news, im expecting us to close above $74,400, which is another strong signal.
Impossible to say if the bottom is in until later, but right now, its shaping up well.
BTC1.85%
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The Bitcoin price action has been very healthy.
In my opinion, it is the exact kind of price action we want to see for a continued move higher.
Let's go over what we're looking at.
1. Funding has been deeply negative this whole move up, meaning shorts are paying longs and shorts are having to keep covering higher
2. Spot volume has been leading every price push - very healthy foundation
3. Coinbase Premium has been positive the whole time, meaning the spot demand in the US is strong
4. Open interest has been rising on each pump but then being wiped out on the consolidation after. This is clear
BTC1.85%
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I don't understand it.
There are people out there looking at this chart and trying to call a top.
With those weekly candles?
That is not some bearish, corrective grind higher.
That is an insanely powerful move without a single pull back.
All everyone seems obsessed with doing at the moment is calling tops.
You have to understand where we are.
Equities are in a bubble and its not going to pop anytime soon.
This melt up will last a lot longer and will go a lot higher than most can imagine.
And Crypto, once its ready, will follow even stronger.
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This tells a very important story.
This is the full view of the Bitcoin CME chart.
And we can see each time it ends up reclaiming HTF Structure or simply breaking the HTF downtrend...
It has marked the start of a full scale reversal.
Bitcoin has now reclaimed HTF structure with 2x weekly closes.
When we start to get these confirmations you gotta start paying attention to them.
They do not mean nothing.
BTC1.85%
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The Bitcoin CME chart is showing us the way.
This is what Wall Street look at, and it has already confirmed the breakout.
The CME chart has now closed 2X Weekly candles above the April 2025 yearly low and Bullish HTF structure...
With a clean retest on the 1D chart.
It is very important to note that whenever Bitcoin has reclaimed Bullish HTF structure, for the first time after a downtrend...
It has always marked the bottom being in.
LTF we can chop around whilst we manage these resistances above us, but for HTF this is a very strong signal.
BTC1.85%
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Bitcoin has ALOT of resistance here.
I would not expect it to punch straight throug these levels...
There will be a battle.
At $78k Bitcoin is meeting the:
- Short term holder cost basis
- True market mean
- 128D EMA
Short term holder cost basis is the average price short term holders are in at. This means at $78k they can sell for breakeven, and some will.
In addition, $80k is a big level for price regardless and the bottom of the previous range, so there is a lot of resistance to get through.
After that, $85,000 is where both the 1W 50 EMA and 200D EMA are, so that'll also be tough.
But if w
BTC1.85%
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It's not looking good for the bears here.
Bitcoin has:
1. Broken the 6 month downtrend
2. Deeply negative and consistent funding
3. Consistent positive Coinbase Premium
4. Strong spot volume with new local highs
This is a healthy spot driven rally that is forcing shorts to cover as we keep grinding higher.
This very likely ends with a massive short blowout as the price pushes them to deep and they all get shut out.
In each place I look I only see a very strong bottom forming here as bears keep moving their targets higher for a reversal.
BTC1.85%
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Many are going to miss this.
I have been saying for months on end now how we are in the same cycle.
That what we have experienced is not a bear market of old, but a mid cycle correction.
And I have shared countless pieces of data that show this.
Everyone is expecting the same exact same bear market to play out when the macro could not look more different to 2022, or any other bear market.
Right now Bitcoin is reclaiming HTF structure, during business cycle expansion, after the longest contraction ever.
And everyone has just been ignoring these differences.
But soon, everyone will be forced to
BTC1.85%
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This is all you need to know.
If we close on a breakout like this and above HTF Bullish structure, on the weekly...
The bottom is in.
Not after $90k, $105K, or whatever.
This would confirm a deviation and reclaim on HTF.
New highs will then be in the sights over this year.
This will also confirm that this is not the 4 year cycle bear market everyone expects, and it will prove that the cycle is driven by the macro, not time.
That is the tweet.
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This is the strongest bottom signal.
Every time Bitcoin has regained HTF Bullish structure after losing it, and tagging the oversold RSI, it has marked the bottom and the start of the next uptrend.
We couldn't quite make this happen last week, but now we are above it again.
The fact we have pushed higher again after rejecting to close above $74,400... is a big sign.
I feel like we will do it this week.
If so, the chances for the low being in increase massively.
BTC1.85%
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Lots of people calling out Ben Cowen.
I don’t even like Ben, I think he’s an arrogant twat, lol…
But calling someone out who goes against your thesis, when the structure still hasn’t confirmed bullish, is asking for trouble.
Victory lapping before confirmation is as bad as screenshotting your portfolio.
Almost always, if you do this, you clown yourself.
And it’s much better to move with positive energy anyway.
Have humility. If you’re right, and he’s wrong, the results do the talking for you.
If you have to continually asset your own success you aren’t a strong person.
Have your thesis, c
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You should be buying here.
You will never truly time the bottom, and even if there was to be another leg down…
The timeline would be so bearish with so many new lower targets, you still wouldn’t buy.
At some point you have to reach a position where you understand that the bottom
Is in or close, and you simply allocate.
If it goes lower, you continue to allocate and have a decent time horizon.
Markets do not go down forever and your only job is identifying when it’s getting close to the end.
Understand that there are enough oversold metrics to be forming a bottom, and act.
Worst case? You
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A massive breakdown is brewing here.
USDT.D has lost its HTF uptrend and the 1W MACD has rolled over.
When this combination has happened over the last recent years, it has led to a minimum 70% pump for Bitcoin.
There is no two ways about it - USDT.D is now highly bearish.
Typically, these weeks as USDT.D is beginning to break down are the best times to get bullish on the market and allocate.
The time for shorts is running out fast.
Yet another strong bottom signal confirmed.
BTC1.85%
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The high time frame is undeniably bullish.
Small cap stocks and all high beta liquidity proxies are completely ignoring the War FUD now.
The Russell pushed to new highs again today.
Regardless of the LTF noise, th HTF macro is very bullish and you only need to look at any high risk beta chart to see this.
We might chop between here at $67k levels for a tiny bit longer...
But the Crypto markets are going higher much faster than the majority believe and I dont have time to argue with you about it.
You see it or you don't.
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I just found out I'm having a baby girl.
Syko gonna be a girl dad.
Bullish on having a kids!
Wish me luck everyone 😅
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I am still holding and bought more $YEE.
For all my new followers, I only hold one meme and it is $YEE.
This is an OG meme that is heavily linked to $DOGE and $PEPE.
I think it was originally launched 18 days before/after $PEPE.
Not some meaningless garbage... this is what real memes used to stand for.
I've been holding this since the very start and I'm just gonna keep holding it.
Not advising you to buy this guys, but if you someone who used to enjoy true meme lore and community then have a look at it @YeeErc20.
Always seems to be strong on fear days and I love that. Back in an uptrend also.
DOGE1.74%
PEPE3.08%
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No limit losses is a massive LARP.
Any ”elite trader” does not need to charge you $300 to be in a group.
He is probably farming $300k a month and couldn’t even call the SPX correctly.
It’s nothing other than a massive money grab by manipulating normies.
There’s nothing wrong with having a private group or charging for your skills…
But if you are really an elite trader you will make enough money already, and you don’t need to charge $300 a month to people who don’t have much money and want to learn.
You will make it affordable but worth your time to educate and help.
Bro is a marketer and n
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This weekly close is the most important one in a very long time.
Right now, Bitcoin has closed above the 1D 100EMA and retested in, for the first time since the top.
Every time it has done this, after the 1W RSI has reached oversold, it has marked the bottom.
We are also above the very important level of $74,400, which HTF bullish structure and the 2025 low.
If we close above that, its bullish.
If we close above both that and the 100D EMA, even more so
If we close below $74,400 it will confirm weakness, a SFP, and it will be pretty bearish.
I'll be looking for local shorts at that stage and ev
BTC1.85%
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I give a lot of sh## to bears.
But just know it’s live by the sword and die by it.
This app is full of the same stuff we need to have a little competition and sport.
If I am wrong I will congratulate the bears with sincerity.
Too many people take things fully to heart and genuinely get hurt by it.
This is a game bros.
Lighten up a bit and have some fun.
If you’re wrong, you’re wrong. Be a man.
If you’re right, you’re right. Don’t be a sore winner.
If you talk a big game and put your voice out there you have to be willing to own up to things if you lose.
What makes this game so fun ar
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