In 3 years they’ll call us "lucky."
The exact words of every trader who never had the confidence to execute while the market was bleeding.
Keep it simple. Overcomplicating something this straightforward is how you miss the easiest opportunities... $BTC
$BTC
If we observe the 2022 bottom, most of the time bottoms form with 1 major impulse candle, like what we have seen.
In terms of retests, we usually don't see the "ideal retest". After BTC broke from 16K to 25K, it retested 19K, aligning with the 0.618.
If we apply the same
The $BTC bottom is in.
We flipped STH cost basis. Something which I mentioned at 65K.
Quote: "The moment we reclaim 67.4K and start trading in the mid-70Ks, holding above the STH cost basis, the bottom is in."
But before we even think about 90K, 80-83K is the area to crack.