But this if spx keeps dropping.

Other than that: we still remain in a very bullish sentiment as long as we remain >74k

I haven‘t moved any of those lines btw. I dont expext this lower green line to give any proper support. Let‘s see what happens

SPX down 1.3%, BTC pushing. I like!

we had a nice dip on that call. Now the next resistance is approaching

This time the show is on. XRP getting the pump people waited literal years for. Next level 1.41

We are still in Phase 1
However, phase 2 and 3 is starting in parallel.

Phase 4 will need another few weeks. I am expect real mania around Christmas time

Bull Market

Btc 92k is the trigger for continuation

Pretty much every alt has been getting volume today. Altseason loading

Warren Buffet sold a ton of stocks in the past months and started buying back in on Dominos Pizza.

Usually, fast food does well in recessions. I also think we will get one. However, given that Trump won the election I believe we will get a moon bubble first. At least in Crypto.

Would be pretty sick to see BTC and Crypto moon while stocks move sideways, wouldn‘t it? 👀

Playing out

New ATH

we lost the ATH. now it gets interesting

reclaimed for the moment...

BTC is just giga strong. Every time we hit a new ATH and dip a bit, there is just no sell volume. Literally bears are out of BTC. So much fuel for an alt season. Let's get 100k BTC and then pump my bags. Thank you :)

Worked out

The next one is 100k. I expect this to be harder to break and a bigger dip either way.

100k will be very interesting. It always was my bear target for this run. I expect a break eventually !if! SPX holds strong. SPX dumping would cause this nice grind to stop making 100k the top for now.

Btw BTC reserves on exchanges has been down only for quite some time.
The difference this time is that many new financial investors are coming in and they are not retail paperhands. This was just yesterday:

✅ Unusual Exchange Outflows
7,117.83 #BTC ($669,960,467)
aggregated outflows from multiple exchanges in an hour

1. Coinbase_advanced 2,632 BTC (36%)
2. Coinbase_prime 1,613 BTC (22%)
3. Binance 1,370 BTC (19%)


Please note that large withdrawals from exchanges that don’t support custody solutions or OTC desks could be an internal transfer. We would change data if there is evidence of an internal transfer after investigating wallets.

View Chart | @cryptoquant_alert