Jimmy

So far, the pattern on the weekly chart has played out perfectly. In August, I said that my target was $94,000, and I have never changed my mind on that, check out last picture! The high was reached in week 6, every attempt afterwards to reach a higher high has failed. This time there was a deviation for the first time, and rightly so, because the excess of long positions was flushed out of the market. The retailers are once again absolutely panicked and are screaming for even lower prices. If we compare the time distance between the wick outside the blue area of the TEM, we see that the lowest low was reached after 266 days, this would be the case this week. In general, there were 2 weeks from the beginning where there was a time difference in the year 2023, you can also see this from the time distances of 147 and 161 days, marked in the upper area with a circle. The pattern is not invalid, the low between week 9 and week 10 is a gap of 1%. Now the market makers have managed to maintain the bearish sentiment. In 2023 there was a very strong sell-off due to a Black Swan event. For the case, we are facing another black swan, you can see the targets on the second picture of the TEM, around 75,000$, much like in 2023, when Bitcoin dipped 6% below the TEM box. To be clear, i do not believe, that we will see a black swan! I expect the 78k–80k range to hold, with a 1% of deviation. On the second picture you can see that we dropped for 4 days, built a Dragonfly Doji on the daily chart, and then started pumping hard! As you also can see is, that Paralia on the daily Chart has been green, same like today. Generally in 2023 there were many problems in the market and in the world, Corona was a major problem among them, as well as the FTX crash. This is not the time to be bearish. I will use the dips as a gift and keep investing in my future. I was ALL-IN with my USDT, but I started buying more USDT with fiat and will keep adding in case we drop below $80,000 again. I guess the drop in to FOMC is priced in, as always. February 2023 Mostly a recovery month. Bitcoin rose significantly from the FTX lows (around $16–17k) toward $23–25k. There was still some regulatory pressure and lingering FTX fallout, but no major crash events. Problems at Silvergate (heavy deposit outflows at the end of 2022) were already building, but the acute crisis hit in early March. March 2023 – Banking crisis This was the big negative period. Early March (around March 1–6) – Silvergate Silvergate delayed its 10-K filing and warned about going concern risks plus regulatory investigations (related to FTX). Major clients (Coinbase, Circle, Paxos, Galaxy, Gemini, etc.) cut ties. Silvergate Exchange Network (SEN) was shut down. BTC dropped from $23,500–24,000 toward $22,000. March 8–12 – Escalation March 8: Silvergate announced voluntary liquidation / wind-down. March 10: Silicon Valley Bank (SVB) collapsed and was taken over by regulators. March 12: Signature Bank was also seized. Circle had some of its USDC reserves at SVB - brief USDC depeg. BTC fell further (temporarily toward or under $20,000) at 10. of March 2023 bitcoin:native

In 2023 there was a very strong sell-off due to a Black Swan event. This very week, we are witnessing another "black swan" event, much like the one in 2023, but the crucial point is that it is happening precisely this week. If you think this is a coincidence, I am afraid I must disappoint you. Manipulation at finest, "Binance Hack". Now the retail investors who missed the bottom are crawling out of their stinking holes, spreading a toxic mood. I’d love to see the looks on your faces over the next 1–2 weeks. Buy the dip, lean back, enjoy the gain in the coming weeks. February 2023 Mostly a recovery month. Bitcoin rose significantly from the FTX lows (around $16–17k) toward $23–25k. There was still some regulatory pressure and lingering FTX fallout, but no major crash events. Problems at Silvergate (heavy deposit outflows at the end of 2022) were already building, but the acute crisis hit in early March. March 2023 – Banking crisis This was the big negative period. Early March (around March 1–6) – Silvergate Silvergate delayed its 10-K filing and warned about going concern risks plus regulatory investigations (related to FTX). Major clients (Coinbase, Circle, Paxos, Galaxy, Gemini, etc.) cut ties. Silvergate Exchange Network (SEN) was shut down. BTC dropped from $23,500–24,000 toward $22,000. March 8–12 – Escalation March 8: Silvergate announced voluntary liquidation / wind-down. March 10: Silicon Valley Bank (SVB) collapsed and was taken over by regulators. March 12: Signature Bank was also seized. Circle had some of its USDC reserves at SVB - brief USDC depeg. BTC fell further (temporarily toward or under $20,000) at 10. of March 2023 bitcoin:native

The yellow boxes on the chart mark the phases where Bitcoin moves sideways after a local high and accumulates before the actual breakout follows. We are currently in exactly such a phase again. Looking at the last comparable situations, it took roughly 6 days and 12 hours from the local high to the breakout each time. Fairly speaking, we are therefore looking at about 7 days. The market needs this time to build positions and shake out weak hands. While retailers around the $79,000 area are panicking and bears shorting the dip, institutions and whales are using exactly this weakness. They buy the dips, build their positions, and position themselves for the next larger move. What looks like weakness to many is often just an opportunity for the big players to accumulate more coins. If Bitcoin dumps into the FOMC, a sharp pump shortly afterward becomes very likely. As I already said, the dump is already priced in. A bit more fodder for the bears, the real move is still ahead. ⌛️ bitcoin:native