First, I’m pointing back to the base of the main trade idea, BTC’s four-year cycle timing:
→ From the 2013 cycle peak to the 2015 low took 406 days. → From the 2017 cycle peak to the 2018 low took 364 days. → From the 2021 cycle peak to the 2022 low took 378 days.
The same logic also predicted the cycle-top window pretty cleanly:
→ From the 2015 low to the 2017 high took 1064 days. → From the 2018 low to the 2021 high took 1071 days. → From the 2022 low to the 2025 high took 1043 days.
I’ve marked the bottom window from September 4 to October 26 using different mathematical models. IMPORTANT! The low can form early or late. The point is not the range itself, it’s how hard price pushes into it ↓
Cycle timing also gives you price expectations. A bunch of mathematical approaches to past cycles point to the $50k - $30k range. A cluster of indicators backs that up too, with $45k showing up as a magnet. On top of that, there’s a chart pattern built around the yearly FVG. In a bear cycle, its lower boundary, $44,729, always holds ↓
So I’m watching two key factors: the first half of autumn, and a corridor of a few thousand dollars above or below $50,000. That’s what will probably carry BTC into the lows of the cycle that’s ending.
Risk? The market is fractal. Every cycle, no matter how big, is just one piece of a super-cycle. Bitcoin is now in its fourth bear phase, or the fifth depending on how you count. Either way, this is all one super-cycle, and it still hasn’t had its real correction. That correction is coming. The question isn’t whether, it’s when. The only thing that’s clear is that it will line up with the economic picture, and that picture is probably heading toward a massive crisis, if not outright depression.
In my ticker list, the only charts I don’t want to touch after the autumn wipeout event are $BTC , $ETH , and $HYPE . $APT shows up there sometimes too. The first three are obvious. Aptos, though, is a clean mirror of the altcoin market as a whole, so whenever I talk about $APT , you can mentally swap in pretty much any other altcoin ticker, technically and fundamentally.
Technically, $APT - read that as any other ticker - is in free fall, or in the process of finding fair value. That’s where fundamentals come in. As long as the project has not announced its own funeral, and the team still exists in practice, it’s a live system, and it has a fair price, whether that’s a billion-dollar valuation or a couple hundred bucks ↓
Statistically, and it feels weird even having to say this, it doesn’t matter how tightly the token is tied to the project - good news means a reaction on the chart. That again underlines the whole point of finding good prices both for buying and for selling.
Fundamentally, there’s nothing supporting a $1B+ valuation. In the traditional sector, there are plenty of examples of what companies with that kind of valuation are supposed to look like.
The asset moves along the path of least resistance, meaning down. As I’ve said before, big funds buy equity, the token is just the premium. Employees, when they get token bonuses, dump those too. We’re standing in the middle of an apple orchard where one apple somehow costs a brand-new sapling, and until the price gets pushed down to almost free, nobody’s buying.
So, the bet on BTC downside played out. The extra risk on the trade delivered the matching profit. The symmetrical $ETH trade is now close to its climax.
For the sake of technical analysis, it’s worth pointing out how razor-clean this move was. Perfect time to go back to the root of my system - Volume Confirmation.
As for the bigger picture, the initial levels of the main move have been hit. Best to wait a couple of days before deciding what has priority next ↓
On the downside, the next level is $52,500. Below that sits $48,900. My bottom window is marked from September 4 to October 26. My base case is that $48,900, as the lower boundary of the monthly SNR block, can hold, while $52,500 acts as the last trigger of the bear phase in the outgoing cycle. Supporting that is the pattern, which makes support matter even more from the current levels.
In the last update, I was waiting for levels around $64,500 to open shorts. Price got there, and I opened a $BTC trade with x3 the usual risk, stop-loss at $67,270 and a target near $59,080. I opened a symmetrical $ETH trade too, but with my normal risk ↓
Now for the risk. In that same update I already said I was fine with a local flip above $67,270, meaning getting stopped out. That’s not a problem. On the contrary ↓
In the current setup, VC came from the weekly FVG area. The $67,200 fractal now acts as the trigger inside that zone, and the 0.5 level of that area still hasn’t been tested. Technically, it can happen, and even needs to. If it stops me out, I’ll just re-enter with a better RR. As long as the trade is alive, the first important level for me is the $62,200 fractal. Once price gets there, I’ll move the trade to breakeven. Same story on ETH.
The rest of the plan stays the same. The only thing worth stressing is the importance of moving the short to breakeven at the $62,200 fractal. It acts like a trigger inside the 1W RB range of $63,300 - $59,080. And as I said earlier, that element is weekly too, which means it can also serve as a delivery target.
That’s the local picture. I’ll map out the bigger one in a separate post.