The GLI is grinding higher.
This indicator has been spot on all year.
Now it could be making new highs again soon.
This would create the perfect backdrop for Bitcoin. 🤝
Bitcoin is entering a Bull Market.
The nice thing about the 50W MA is that it is clear and measurable.
Unlike the emotions, vibes and narratives that most are still relying on to make decisions.
Why overcomplicate things when the simpler solution works better? 🤔
Market sentiment has returned to Neutral 🟡
It's amazing what a little chop and consolidation can do to sentiment.
These prices resulted in Extreme Greed 🔵 just a few weeks ago.
Now they are creating doubt and anxiety. 🤯
The Shallow Bear Base Case continues to play out.
It is now October.
The 4-year cycle called for new lows and a market cycle bottom this month.
Yet here we are and all bears can hope for is a higher low.
Preparing for multiple outcomes and remaining open-minded remains the best way to navigate markets. 😎
Bitcoin is still in the Cheap 🟢 region.
It may feel like we have gone up a lot recently, but we are still pretty close to the 200W MA.
If we are entering a new bull market, these prices will look like great entries a few months from now.
Glad we accumulated in the Very Cheap 🔵 region earlier this year. 😎
The GLI has been spot on all year.
It was one of the main indicators telling us this time was different.
Many people dunk on this indicator because it isn't perfect.
But not being perfect does not mean it isn't a useful tool in the toolkit. 🤝
Bitcoin is still in the Cheap 🟢 region.
It also just got a weekly close above its 50W MA.
This combination usually occurs at the start of bull markets.
There will be volatility along the way, but this is exactly what we want to see. 😎
We got our False Breakdown 🔵 at the range low. ✅
We got our Breakout 🟢 at the range high. ✅
We are about to get our close above the 50W MA 🟠. ⏳
The strength we have been talking about for months is becoming hard to ignore. 😎
The GLI continues to trend higher.
25bps rate hikes here and there are short-term noise.
The debt situation leaves the FED with only one long-term option.
Dollar debasement.
Nothing stops this train. 🫡
Bitcoin is still in the Cheap 🟢 region.
I know there are a lot of scary narratives out there.
But that's always the case during the best buying opportunities.
When in doubt, just zoom out. 🤝
Looks like the Shallow Bear Base Case wasn't so crazy after all.
Weak assets do not consolidate right below the 50W MA like Bitcoin is right now.
There's always a chance a surprise takes us lower.
But this chart looks like it wants to head higher. 🤝
The liquidity backdrop continues to look quite different here in 2026.
In 2022, 2018 and 2014 liquidity was tightening.
Here in 2026, liquidity has continued to expand.
Bitcoin's resilience makes a lot more sense given that difference. 🤝
Every Green August in Bitcoin's history has been followed by a red September.
That doesn't mean that it has to happen again.
But it does mean we should be mentally prepared for it.
Base case is that any pullbacks create a higher low before we head higher. 🫡
Bitcoin is still maintaining its Range Breakout. 🟢
Bias remains to the upside as long as it holds $76k.
The bears are putting up a fight at the 50W MA for now.
But so far they haven't really been able to do much. 🤝
The GLI continues to make new highs.
This is the ideal backdrop for Bitcoin.
The already low likelihood of new lows continues to shrink.
Most investors just haven't realized it yet. 🤝




















