RedPillVision

The hourly chart is oversold.Target is ~27,100Hourly close under 25,925 invalidates this setup.Good Luck frens 🤝It could be wise to take some size off the table around the 62% price range at $26,427. At the very least, probably try to keep your eye on it around that price-point.Don't lose money.Nope. Trade closed.Note: Just because this particular trade idea is invalid, doesn't mean it isn't still oversold.

All momentum oscillators are beat into the ground.At minimum, a relief bounce is likely.Nothing is guaranteed.A nine-hour candle close below ~25,123 invalidates this setup.Good Luck. 🤝I didn't realize the Vix FIX / StochRSI Strategy would show up in the description. Ignore that completely. It is not part of the analysis.Another view. Trade still active.Update. Still sitting in this trade. I have added to it on dips.Target reached. Trade closed. 🤝

Classic "Eat-My-Shorts" Pattern Stoch turning down in the bearish control zone. RSI bearish. BBWP Expanding. Don't forget to take profits & buy the dip, it is a bull market after all. 🫡

The Bitcoin Cheat Sheet Drawing fib extensions from cycle lows to cycle highs reveals that, historically, the 0.786 weekly reclaim represents a massive buy opportunity. The trade is not active until a *weekly close* above the 0.786 at $17,284.2 takes place. GLHF 🤝Comment: I've performed the analysis on the index for every cycle in the asset's history: The First Cycle: The Second Cycle: Since there was never a close below the 0.768 there's no trade here. The Third Cycle: The Fourth Cycle: Present:Comment: For clarity, I will reiterate: The weekly candle closing above the 0.786 is key. There is no way I would try to front-run this setup. Some may see prices at this level as historically cheap, and they would be right; however, history also shows us that it could drop an additional 30-50% once the 0.768 is broken with a weekly closure to the downside. For me, waiting to buy on weekly confirmation is worth the extra cost per Satoshi.Comment: Above the pivot on a Monday. Let's talk on Sunday. Officially on breakout watch. 👀Trade active: History suggests that this is the bottom. Invalidated upon a weekly closure back under the 0.786 pivot, which has never happened in previous instances. Good Luck. 🤝Comment: Are ya winning, son?Comment: A sizable pullback may be in the cards soon™ IMO: Any dips above the invalidation point are opportunities for buying. 📈

A Fortunate Turn of Events The horizontal lines are literally just the Fibonacci sequence plotted on the bitcoin chart. The news is cycle picking up in a positive way, more regulatory clarity, and potential ETF approvals a year prior to the estimated halving date could provide the narrative needed for the mythical "double bubble."