To further show the beauty of this setup, you can see how it’s gaining money even though it’s going against my ideal situation. If it is $49 or more (up to infinity), I still make $50 for my time, while ideally it would go back down to around $47 by expiry (10/16) to make $2k.

It's time to post the big-picture look at why this is the bottom & you should be buying bitcoin. It's the same bottom breakdown I analyzed back in Dec '22 & you can see how that played out (see my pinned) Don't screw this cycle up. Buy & walk away for 2 years. Come back happy.

It's roughly 50k-$59k to mine one bitcoin- lots of varying factors, of course. Mininig will continue & powerful market players will make sure it stays profitable to mine. We are finally seeing a "once every few years" bargain on BTC; don't let it pass you by (once again).

I'm not telling you to sell; --> quite the contrary. I still have my ~60k long-term spot BTC & won't sell it for a few years What I am stating here: keep your bids set for a discount in the near future This is not a "bearish" post - it's just reality based on market fundamentals

3rd set of bids just hit

Honest, unbiased opinion. Take it for the warning it is or ignore it. Up to you. This looks like the last, low-volume move up before a very big drop in price.

Expecting an obvious, "blow off top" to mark the end of a run is an outdated, "2017" mentality. Back then, a few had a lot & the market was wild. Coins are more distributed now among sophisticated traders w/ bots. In that world, Bull runs end in deflation not explosive finales.

Chart patterns, price & price action alone are not enough to have foresight into market conditions. Those metrics really mean nothing without the relativity of the volume associated with them. Without substantial, sustained volume, it is only temporary inflation & distribution.

Sentiment check in. What is in store for the next 3 months in Crypto? (Feel free to comment too)

2) I know everyone is excited to have "ALT season". You have to remember that it's never a given. It's not owed to anyone. The more that coins get distributed, the less likely chance of big runs. BTC is looming on the edge of a major, multi-month (perhaps years) correction/fall

3) The point of all this is not to scare you. It's to make you aware. If you've got big, unrealized gains, take at least some profit, if not all. Capital preservation is priority #1. Don't let it be another cycle you allow your heart to guide your money. Look at the evidence.

Saddle up. Everyone was busy crying and calling for the end of the world. That's when you know to buy. When everyone's overly euphoric, sell When everyone's crying in the streets, buy It's always been that way.

Bitcoin is going to 100k(+) and there's not a damn thing that's going to stop it

Unstoppable

My "prediction" for the next 1-2 weeks. Be ready to buy in mid 25ks. The price action will happen fast, so set bids now Details in the image below. Untapped liquidity will fuel $btc price back over resistance of 30-32k range Things still look incredibly sexy. Ignore the static

When you look back in a few months, and realize you had an opportunity to buy $BTC under 20k and $ETH under $1400, will you be angry with yourself?

Exactly. That's how you play it safe as a trader. Avoid the choppy areas of uncertainty. Wait for the clean, low-risk entries that leave room for a tiny loss should your play be negated. Patience & avoiding "guessing areas" of price. That's pretty much it.

Imagine if there were a limited-regulation market where smart, rich people w/good software that constantly analyzed prime conditions of thin order books, could profit hugely off month-long runs both up & down, sucking money from non-aware, emotional counterpart participants. 🤔