$BTC keeps repeating same playbook... After each 22-36% | Block_Verse News on Binance Square

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$BTC  keeps repeating same playbook...
After each 22-36% drop, price jumps 70-196%
$BTC is currently down 32.6% --> next step $170k

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$BTC / $USD - Update 5 wave from the highs usually means we have legs to go down again. FOMC today so really can be a wicky day. Anything less than 50 BPS and we dump IMO.

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$ETH vs #BTC I think we are about to see some move on #ETH really soon Upside.

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$ETH The high timeframe bottom call, against the world. Alright, bottom we drew out playing out pretty well so far last time we talked about $ETH. Can't stress enough how, if the sentiment wasn't already bad on $BTC, how it was even much worse on $ETH at that time. Sentiment does form with drawdown upon delay of usually 1/2 weeks. $ETH pulled back 40% where $BTC pulled back only 30% and indeed that sentiment peaked 1/2 weeks after the entire move down. Especially now that everyone is suddenly celebrating (without anything to call for), I remind you how we identified this as certainly one of the worst sentiments we have seen this entire cycle. Where big names not only started calling to "be careful" (the classic play-it-safe non sense we hear every single low). This bottom, we actually saw many sell their long term spot bags for the first time. Of mid sized players (1M-10M net worths) who haven't really performed any sells this entire cycle. That seems scary, but it is not. In fact it is merely very telling what the sentiment is now. No sentiment like this has ever created a bear market, and 2017 performed similar behavior . And while my models of this cycle are more adapted to institutional price action as this cycle is run by institutional players also on $ETH (in general, this just means more time between moves). The same dynamic of people who ran the 2017 markets, run the instructions now. Markets never change. That is why our trademarked analysis will never stop working. So combine the sentiment and cyclical model with our analysis on $ETH prior posts, and that solidified that 2.8k had to be called the bottom. Only a 20% move so far, yes. But with $ETH up a nice 8% up today, $BTC just 4%, It becomes clear towards what side the relative strength is shifting again. And given the timing of the move into the sentiment, and the celebrations with nothing to call for, the shows clear sidelined-ness in my books. My actions Great news for us IMO. This high timeframe call is the call supporting my big long term $ETH position which I heavily bought at 1.8k

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$ETH - Still too early to say the bottom is in even though it's looking good. The last boss standing in the way until we can start officially celebrating is about the $3,500 level. You flip the remaining SuperTrend bullish and the bears start looking dumb again.

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🇺🇸 Jerome Powell says the Federal Reserve will not block banks from serving legal crypto customers.

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