I haven't posted any $BTC charts since November last year when I called the end of the bullmarket after closing below $109k.

It turned out a nearly perfect call and now it's a good time to start looking for a bottom, which should be put in the next few months, my hunch is saying it could materialize this summer.

Looking at the DAILY, it's been a full-bloodied DOWNTREND and still, a lot of traders have got trapped since February when the price dipped below $60k and started printing higher lows and highs.

For me, this has been nothing but a BEAR Flag (target $29k). This pattern is actually getting retested from below and I'm watching the 50 MA (yellow line just above the price, $68630) as a confirmation.

Quite simply:

below the 50 MA - the breakdown is on, while if the price climbs back above it - a possible fakeout.

The main macro chart pattern (from Sep 24 until Nov 25) that I respect is the RISING WEDGE though, targetting $50k.

All in all, #BTC is looking on the brink of a larger decline, my targets are $50k and $59-60k. The King feels shortable atm tbh. Especially under the geopolitical circumstances.

💙👽