Pedro Bonacho

$BTC - our bottom call 5 weeks (and counting) - 6 weeks to come. 5 weeks, the fifth week closing soon (3 days remaining) where we have not closed any weekly candles below the current low. A bold call, especially at the time, since sentiment was (and still is building) at cyclical lows. Every time I make a call like this, I have to make it with exceptionally reliable data, both supporting price, time and sentiment (the holy trinity, the latter two are connected) We did and still do, have all three in place. Indeed, I presented why price would bottom in our purple htf reversal zone, deep (spread-range dependent) capitulation volume analysis, spot premiums, etc. etc. I also talked about the weekly cycle beginning (which is a bottom) on 17th November, and why we wouldn't close below the weekly both timing and price wise. And finally, we carefully analyzed the sentiment and provided post by post why it was bearish to its most extremes, and will likely remain bearish as our candle count increases. I mean "careful" is probably an overstatement. Bearish sentiment is at peak clarity this time around. Analysis resulted in a candle count, which will keep counting up without closing below the current weekly low. 5 candles and counting since. Indeed, called out at the time, and indeed, we also took two trades on top, one at the exact time of the low, and one more sniped attempt with a positional long, so far up 6.4%, backing our words with live actions (which is key) What we want to continue to see for us So the price and time analysis remain in place, nothing changed. But the one element that can change and must be tracked carefully, is the sentiment. And well, also the sentiment has been continuing to grow bearish. A slightly level-off here into silence, which is normal into the end of the year and into slowing local price action (watch the local triangle unfold as our higher low builds very locally, for our snipe htf long). Overall, the sentiment is still clearly bearish. The large majority the wallets I tracked of big names still panic sold and remained, CEX order flow also did not shift, other ones who don't trade still give off the same tone in their posts or remained silent/continued to farm engagement off the bearish sentiment (i.e. what people want to hear), and they will only admit change after the move happened, or remain stubborn into the "bearish retest", if I am right and we move up. I am hoping for that. I think the bear market callers are wrong, and nothing about our bottom call has changed. We will see through to the end of it as the weekly candle count here keeps on increasing, neatly in our favor. Keep tracking the sentiment, but high peak, cyclical high sentiment, does not fade away easily. We quite literally have names with crypto in their name tag step away from crypto loudly and intently. That leaves my actions of this call lingering, with the call continuing to unfold. I will stay true to the assets that are both the easiest to trade, have the easiest sentiment reads, and perform the highest returns (these traits are all correlated and almost always have pointers to the same asset class i.e. crypto right now and for a long long time coming IMO). Back in the day this was commodities, now, this is crypto, and it won't change with one drop. Enjoy this call. It sounds boring now, it will very likely be exciting later. As any trade should be.