Today is a monumental day for me in my life. Exactly 4 year and a half ago I lost everything I had in crypto and it wasn't through my own inexperience. Today I finally quit my job and won't ever need to work for a boss again in my life. It's not because Bitcoin hit $80k today. It's not because the market is surging again. That part is pure coincidence (or maybe the heavens being kind to me 🤗). I planned this move for years. I didn't quit based on what I will earn in the next run (that's foolish as it's unpredictable). I quit based on what I already have and earned. I kept my job as long as I could and didn't quit even when I was long past 6 figures and above. I quit because I can with what I have today. Anything more in the next year is pure bonus. I haven't been able to rest and enjoy life for all the past few years (juggling a full-time job, crypto after hours, maintaining a family, real-life obligations). I finally belief I slowly can (the grind won't completely stop but it'll get easier without the job at the office). At the same time I bought a property in Portugal this year and will have fully moved in 2 months from now (courtesy of the beneficial Portuguese crypto tax system). Living close to the beach truly is a life hack. There's no real point of me telling this all and frankly maybe a lot of you won't care and that's fine ofcourse. But most importantly what I really wanted to share: Whether you lost everything. Whether it was because of your own fault or inexperience or someone else's. It doesn't matter. You can come back from everything as it also happened to me. I'm 7-8 years in crypto and 4 years ago I had to start from 0 again. 3-4 years down the drain (I did keep the experience though). At the same time I could have never retired early without crypto (I'm 32 years old). This space can be horribly brutal, but it can also be life-changing. I hope every single one of you can achieve the same 💙 Nova out 🤝 (a young retired individual)

Said it before that the current low draws an immense amount of similarities to the 2022-2023 cycle bottom. But more importantly, even when we look at the 2018-2019 cycle bottom, the cycle bottom was ALWAYS in when a higher high was established. There has never been a new low anymore once that happened. It literally took a black swan event in 2020 to actually come down a good bit again but EVEN THEN the cycle low was already in. Even a black swan event didn't and couldn't create a new cycle low anymore. Without that black swan event that happened across every single market we probably wouldn't even have come back that low anymore. Also: Once a higher high was established, the market did always correct a bit (like today) but never a lot. Not in 2022-2023 and not in 2018-2019 either. At least not until more than an entire year later when we had a black swan. Which again, without that black swan we probably wouldn't have come down again at all. But never did the market create a new low anymore and never did it seriously correct a huge amount after that higher high was in. Do with these facts and objective information what you want.

Posted the same before. Many similarities to last cycle bottom in particular.

pullbaCTOBER

Just like you have bearish pullbacks (red) only for the downtrend to continue after so do we have bullish pullbacks (green). Today is no different than the last uptrend if you know how to read market structure.

Sentiment is starting to shift again. Many influential persons starting to see short term cracks in the market after all. Arthur selling it all, Ben thinking he might be right after all again, and others and more... Honestly what anyone says, short term flip-flopping is always possible. Whether the market is truly bullish or bearish short term we can always go up and down abit. We've literally gone up $30,000 in one straight line after all. BUT regarding the market itself, making a huge tumble back? I just don't see it. On the contrary, Bitcoin is actually still in a very good looking spot chart wise. Not only is support still holding up but we literally made a HIGHER HIGH for the first time since the entire downtrend we had the past year. I objectively don't see anything wrong here. I did open the option a few times that the market MIGHT come back to get a higher low though. There's a lot of emptiness we left behind and a healthy uptrending market might always take back 30-70% of its rally forming the higher low. Meaning that Bitcoin could actually go back to anywhere between $70k-80k for that. Yet bull markets tend to not always go as low as people hence why I've often likee where Bitcoin currently is holding $80k+. Macro is wobbly yes but the fact that Bitcoin actually already rallied against it is actually more proof of strength than weakness here.

Hard to argue with that

You haven't seen the majority of alts go explosive because we haven't seen anything vertical yet. BUT we are clearly out of a downtrend/bear market. Alts aren't making new lows anymore and quite a few are actually uptrending and making higher highs. AGAIN, maybe nothing explosive yet and tbh we might not get that same exact environment either (every cycle is always different in some ways). But there is a BIG difference between a downtrending and uptrending market already. Explosive moves or not.

Looking better and better 👀

The weekly 👀 And yes... The magnets are back 😎

I know the market has been barely moving the past few days vs the stronger candles we had earlier. Hence why things might get quite repetitive what I say as this means there's little new to update on a day to day basis. But if I had to repeat one thing and show again it's that there is very little we right now need to do besides just looking at the chart below. It's one of the only fair representation we need right now. Lower time frame price action might be flip-flipping up and down right now but zooming out things are extremely clear. - An end to the downtrend - Regained momentum - Very similar formation as last time The fact that we are actually having this price action with the less than ideal news we've had lately (macro escalations, interest rates up, clarity act refused) only proves further that we have left the earlier bear/downtrend market we had before. Objectively I will still say that the majority off the market isn't in a true bullish environment just yet but the majors certainly are. And if they prove once again to be a leading indicator we could still have some fireworks from the little soldiers.

Yes

"Just wait till stocks really sell-off then crypto will be f*cked" My friend, that's literally what everyone's been saying this entire year and the one before. We were supposed to get the big bad correction back in March as well and Bitcoin basically went up-only from there as the stock sell-off lasted mere weeks. You simply can NOT predict the crash or fall from crypto purely based on another asset class that rises 95%+ off the time. It's been speculated since 2 years ago that we would have a brutal sell-off and it could easily take another 2 years for all we know. SPX could go all the way to 9,000-10,000 before a significant correction. Meaning you could miss an entire crypto bull-run and then say "Ha! See, told you stocks would correct and take crypto work it!" As of today you simply look at the facts and acknowledge (whether you want to see it or not) that Bitcoin is in an uptrend and stocks are as well. Going against the trend always has low odds as you are trying to nitpick the next trend reversal which happens only 10% of the time while it's 90% certain it continues.

We've been hit with quite a few negative headlines the past few days. Yet Bitcoin is still above $80,000 up 6-7% on the monthly trading close to its yearly high Must definitely be bearish 👀