$KAS Update Even though it isn't really necessary as the low still hasn't been tested, I've seen your comments/messages so here's a little update on how I'm seeing things currently. Firstly, the main bias remains targeting the 2.5c HTF swing low after the dual rejections from the 4c S/R and subsequent breaking of the MTF structure. This will only be invalidated by a break above the S/R. Despite the time spent building a base in these monthly demand zones seeming healthy, it still doesn't negate my leaning toward an eventual trip to the 1.7c key level as the most probable outcome. That said, this is a textbook weakening trend. The boldened trendline is the second (and more definitive) MTF TL that KAS has flipped now. See the peaks of the prior half of all price action in this chart rejecting from this line, while the latter half lows are bouncing from it. My guess is price could bounce around in this blue triangle zone for a while, possibly until the end of the year. Riding it all the way down to the mid 1c area, where it coincides with the expected macro low date for BTC, wouldn't surprise me. This gives a sort of built-in warning system, in that, a break above or below this zone before around that date should be a sign of things to come. And with the market near extreme lows in volatility, one last violent move from here to negate everything I just said also wouldn't surprise me (in fact, this may be even more probable). Preferably straight to 1.7c and we're done with it. However, if that's not the case, it needs to be said that regardless of how accurate I've been charting this asset, and regardless of how uniform crypto cycles have been, the possibility of chaos still needs to be considered. From the beginning I've argued against the likelihood of a macro bottom forming above 3.6c and plainly said even that would be mild from a historical standpoint. Again, I'll reference these two posts as sources: xitter.cf/J3Charts/status/189696… & xitter.cf/J3Charts/status/189738…. For the record, this was when the majority were telling me we wouldn't go below 10c... then it was 5c and now here we are. I won't sit here and claim I thought sub 1c was necessarily probable, but I absolutely made it clear that it was MORE probable than bottoming at 5c or higher - and not just a little more, much more. Dropping almost all historical bias, my brain sees two very natural targets from where price sits now. It doesn't make sense within the context of the crypto cycle, but it makes sense on the chart. Poetically, they are 7-9c above and .007-.009c below. I'll get out ahead of this and reiterate that I don't think a trip sub 1c is probable atm, but it will be if for some reason price doesn't react the way I expect it to from the 1.7c level. Alternatively, with price spending so much time in what I considered the first reasonable area for a macro bottom to form, it wouldn't surprise me to maybe sweep the low and push all the way toward 7-9c from here. In either scenario, this would ultimately be me being wrong -- which was the purpose of this late-post warning. Just making it known I could certainly get blindsided here. ALL that said, I'm still just over here waiting to see if we touch these lows... Until next time. 👋