ZumenEye @ZumenEye

Bullish United States Joined July 2015

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ZumenEye @ZumenEye

a week ago

@Tesla 🚗 💨

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$BTC 🔥 Morning Bitcoin technical update: Bitcoin breakdown of mid and higher time frames. ---------------------------- (1D Time frame) : We identified earlier on my new evening post last night that Bitcoin was showing bearish divergence on the OS phantom indicator. That did in fact lead to further weakness like I suggested and told everyone. Its now time to look at the health of the Daily time frame to determine mid term outlook 👇 Bitcoin is still on a strong phase 2 uptrend on the Daily time frame and has not yet been effected by the lower time frames. We have a red resistance zone that I have spoken in depth about. We now have to just be patient and let these sell orders be absorbed. Price in at the higher end of my channels on many time frames so further pullback or basing here sounds about right. As always I will monitor all this for everyone so you know where to come for some clarity and peace of mind. If you guys engage in the comments as much as you all did in the last update I will GLADLY keep helping by posting updates both on the new morning Bitcoin mid term posts, and the evening lower time frames 4hr post like the one last night that gave everyone heads up on this move. 🤝

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Killa @KillaXBT

a month ago

The “Everything Is Priced In” chart. It documents the biggest catalysts and news events throughout each cycle, and more importantly, what tends to happen shortly after them. During every bear market, $BTC gets hit with endless bad news that fuels downside. But once the HTF trend starts shifting, that same negative news becomes what I call FUD through the bull cycle. People become so conditioned to shorting bad news because throughout the bear cycle, negative headlines usually led to lower prices. But when BTC enters a bull cycle and begins doing the inverse, (absorbing the bad news and moving higher), they get caught completely off guard. The headlines still create panic. People still expect lower. But instead of continuing the downtrend, BTC begins absorbing the fear and trending higher regardless. There is usually one major catalyst that confirms the continuation. Last cycle, it was the ETF approval. This cycle, I believe it will be the Clarity Act. We have already seen the early signs of it. The rate hike, Clarity Act speculation and then the failure of the Act were all treated as reasons for BTC to sell off further. Instead, BTC swept the lows and showed strength. That is the difference between a bear market and a bull market. In a bear market, bad news pushes price lower. In a bull market, bad news is used to make people capitulate before price moves higher. Now we have had the rate hike, the Clarity Act failure, and even World War 3 narratives trending. Yet BTC is starting to react positively to the fear rather than negatively. To me, that resilience is one of the clearest signs that the trend has changed. I see no reason these catalysts should play out any differently to previous bull cycle FUD events. Likes/RTs are appreciated, spent a while creating this.