Bitcoin (BTC): Name That Pattern This is just going to be a short-term update on BTC as we are finally seeing some structured form after the recent bloodbath. This is purely a technical setup on LTF . If you're wondering about the title, it is in reference to the Bear Flag that originally brought us here in the first place. And yet here we go again... The last thing to note here is BTC has never made a long-term bottom in this manner. I will have a follow-up analysis to support this claim. For now, just trust the trendlines in the chart. Share any thoughts down below;

Bitcoin (BTC): Be Patient Just going to leave this here as we head into the weekend. I don't claim to have a crystal ball but I'm going to go out on a limb here and say BTC simply hasn't made a long-term bottom. BTC can bounce to $34,000-$35,000. From there I'm expecting another move down to test the 200W MA or the exact middle of the Channel. Too much confluence in this area. Can't be a coincidence. This is very likely a Bear Market. Something also to note is BTC has never formed a significant bottom, closing a Daily candle like this. Both Red and not filled. The only other time I noticed this same type of candle under similar conditions was during the 2018 Bear Market: Anyways just my thoughts here, Let me know your perspectives! (Side Note): Working on an SPX and NASDAQ update, and will post them probably Sunday.

Bitcoin: BTC.D Suggests Bear Market This break-out is quite significant and realistically potentially indicates a real turning point in the market. Up until recently, it was still questionable whether BTC would find a bottom and may continue the Bull Run. But after the carnage this week and the Luna catastrophe, the market has lost all momentum. Alts are bleeding to nothing and BTC has become king again. If we simply use this chart to gauge where we are at on the Macroscale, this highly suggests we are well underway into the 2022 Bear market. Now it is important to understand the targets for the BTC Domanence as it will prove to be potential turning points. The first target being 50% and the second target being 60%. If we compare the last Bear Market in 2018, it wasn't until after BTC Dom reached 60% before it found a bottom. Now I'm not saying it has to hit 60% again this time, but I am definitely targeting 50% from here. That is the next point of interest. My Bearish sentiment doesn't just stem from Crypto, it reaches far out toward the broader stock market and enormous macro headwinds. I can't possibly explain it all in this post to keep everyone's attention but if you check back through my previous posts, there are soo many Gems to learn from to navigate this environment. Now is the time to LEARN and grow your knowledge so you can benefit from all this chaos later on. Now is when success is made, not at the top of the Bull Run. Let me know if you have any questions!

Bitcoin Dominance Suggests Bear Market This break-out is quite significant and realistically potentially indicates a real turning point in the market. Up until recently, it was still questionable whether BTC would find a bottom and may continue the Bull Run. But after the carnage this week and the Luna catastrophe, the market has lost all momentum. Alts are bleeding to nothing and BTC has become king again. If we simply use this chart to gauge where we are at on the Macroscale, this highly suggests we are well underway into the 2022 Bear market. Now it is important to understand the targets for the BTC Domanence as it will prove to be potential turning points. The first target being 50% and the second target being 60%. If we compare the last Bear Market in 2018, it wasn't until after BTC Dom reached 60% before it found a bottom. Now I'm not saying it has to hit 60% again this time, but I am definitely targeting 50% from here. That is the next point of interest. My Bearish sentiment doesn't just stem from Crypto, it reaches far out toward the broader stock market and enormous macro headwinds. I can't possibly explain it all in this post to keep everyone's attention but if you check back through my previous posts, there are soo many Gems to learn from to navigate this environment. Now is the time to LEARN and grow your knowledge so you can benefit from all this chaos later on. Now is when success is made, not at the top of the Bull Run. Let me know if you have any questions!

Bitcoin (BTC): This Is Capitulation Im here to say this is the Third Capitulation event in roughly 4 years. Trying to catch the falling knife is very dangerous unless you are absolutely ready to lose it. LUNA and their Stable Coin was the final nail in the coffin to send the market over the edge. Just remember, although fear has taken over and doom has arrived, this too shall pass. This is just a moment in time, and as we all know too well, time NEVER stops. Stay focused. Learn. And Survive so maybe one day you can reap the rewards of the sacrifice. Never risk more than you are willing to lose. Good luck everyone!

LUNA: A Tale For The Ages No analysis here, just sharing this so everyone can appreciate it as much as I do. For anyone who lost in this terrible situation, it is an awful thing to happen. My thoughts are with the ones who lost much more than they could actually afford. Bad times come but they don't last. There is always light at the end of the tunnel. Stay focused and learn from this. And most of all; Don't be someone like Do Kwon.

Cardano (ADA): Free Falling With No Support In Sight As the title suggests, ADA has lost all significant support. Alt Coins are being absolutely obliterated today and this one is no exception. Support currently sits around $0.30 Cents. Maybe the price bounces around a bit before reaching this target, but it ultimately will hit it. Trust the process! Here is the Marco View for Reference:

Ripple (XRP): Free Falling With No Support In Sight As the title suggests, XRP has lost all significant support. Alt Coins are being absolutely obliterated today and this one is no exception. Support currently sits around $0.30 Cents. Maybe the price bounces around a bit before reaching this target, but it ultimately will hit it. Trust the process! Here is the Macro View for Reference:Comment: PLEASE IGNORE MY IGNORANCE HERE, CAN'T EVEN BEGIN TO EXPLAIN HOW I WROTE XRP INSTEAD OF CARDANO. IDIOTComment: If you stumble upon this post, NO YOU DIDN'T! Here is the actual correct and updated post! MY APOLOGIES

Bitcoin (BTC): Capitulation Is likely Coming Despite the recent carnage we are seeing RECORD Longs from people attempting the catch the falling knife. BTC has dropped so much that surely it can't possibly continue, right? Well, the RSI on the Monthly tells a different story. Clearly, there is room to drop further before establishing a strong bottom. NEVER before in BTC's history has Price tested the Monthly 40EMA and has been able to hold above it. EVERY SINGLE TIME time it has lost support. Furthermore, if we just take PA into account, this would be the ugliest bottom formed to date. To add to the Bear case, we are seeing many Tech companies post miserable earnings , and just for an example; Unity $U just plummeted 40% after hours today. Roblox is following close, as well as a number of other tech stocks. This has spread across the entirety of NASDAQ and the only reason the market is still holding is that Apple $AAPL leads the market. When they lose support, that is when capitulation happens across the stock market. To touchback on the Long/Shorts side of the equation, let's take a look at the two charts below; Here are the Longs currently on BTC: Clearly, you can see massive amounts of longs trying to catch the falling knife here Here are the Shorts currently on BTC: Absent when compared to the May 2021 drop Something I find odd is the lack of shorts in comparison to the longs here. If you compare both charts from Now VS Summer of 2021, you can see there is a vast amount of Longs in comparison to Shorts. This means while liquidations are piling on for Longs, there is no imminent short squeeze on the table. The only ones who seem to be squeezable are longs and given the Viscous Macro Bearish Trend here, Longs are at real risk. The market is in the complacency stage. There has been blood and there is fear, but clearly not enough to scare buyers. The hard lessons haven't been learned yet. It is still early. Good luck everyone!Comment: One last thing to add for now is the complete lack of any meaningful volume to set an Accumulation Bottom. Volume is gone:

Bitcoin (BTC): Hanging Off A Cliff BTC is currently the equivalent of hanging off the edge of a mountain. One wrong move and Drop. Anyone who has followed me for some time has seen this chart and most likely knows its significance. These levels are extremely important and have proven this over a long period of time. Here is the Marco perspective for reference: One thing I will touch on is the Volume or the lack thereof. We have seen no event that has triggered an accumulation bottom and in fact, volume continues to dissipate. So to say we are at some significant bottom would be a stretch, to say the least. There are also very shady things going on with LUNA and Stable coins which I encourage you to pursue information about. Let's see how it plays out! Remember this is a medium-term outlook, for short term Analysis check out this one;Comment: Have updated my BTC View. I know I've posted a new chart on BTC every day the last few days but this environment calls for it. Takes immense adapting to survive here: