Bitcoin Wyckoff and Elliott WaveThis is the structure I have been discussing on Twitter, YouTube, and elsewhere since the June 2022 swing low. Wyckoff methodology indicates that it is likely accumulation. The Elliott Wave count may or may not be correct locally. We want to see an impulsive breakout above that ascending red dashed resistance to signal that the wave ((ii)) flat structure may be complete, but a breakout above wave (b) is required to add confidence to that count. Further breakdown has a target of the daily pivot. If the count is correct, then wave ((iii)) of 3 has a minimum expected target of $42350 from here. The Daily RSI is printing hidden bullish divergence at the moment, but we need confirmation that it is complete. The daily Stoch RSI has reset into oversold, so a breakout of oversold would add more support to the idea that wave ((ii)) is complete. We can also note the red parabola. While price remains above that curved line we should continue to expect higher, overall, rather than a larger pullback.
Let's see if we can get that rally from somewhere around this area.
Wyckoffmethod
$ETH - "SHORT" SETUP in PERSPECTIVE#CRYPTOASSETS #STRATEGY
CRYPTOCAP:ETH
THE RANGE 1938$ - 2047$
We might playing inside what we passed without interest. But there is indeed !
1925$ MIght be a perfect preliminary. 1908-1900 is called on the HEATMAP
IS the UpTREND done ? Maybe ! Price Action has left 2060$ and DISTRIBUTION MIGHT BE OVER. THE VALIDATION should be with a LPSY @2115$ (MY SHORT) STOP 2146$ > TARGET 1490$ (1600$ AT LEAST)
BREAKING 2146$ : 2 Otions
1. UTAD, THEN We reintegrate > STOP SHORT below 2060$
2. JAC (+50$ at LEAST) > I will be LONG and my first TARGET will be 2360$
Source :
www.tradinglite.com
Gold | Case StudyThe XAU/USD pair is consolidating near 2040.00, being under pressure from technical factors and waiting for the publication of US macroeconomic data. The day before, gold has shown a steady growth, reacting to the latest evidence of a decrease in inflationary pressures in the US. In March, the Producer Price Index decreased by 0.5% in monthly terms and slowed down from 4.9% to 2.7% in annual terms, which, coupled with the data on consumer inflation that came out the day before, could put significant pressure on the decision of the US Fed on next meeting in May. Investors are also discussing the minutes of the last meeting of the Fed, which were published on Wednesday, April 12, and reflected the officials' concern about the state of regional banks. In addition, the regulator allows the emergence of a recession during 2023, if external economic conditions do not begin to noticeably improve.
The United States of America
March US retail sales and industrial production data were released today and were mixed. Thus, the volume of retail sales decreased more than experts expected – by 1.0% instead of 0.4%, which is the second decrease in a row and illustrates the pressure on the national economy. The volume of industrial production in March rose by 0.4%, exceeding the forecast of 0.2%. We also note the latest comments of the head of the Federal Reserve Bank (FRB) of Atlanta, Raphael Bostic. Today, he said that the beginning slowdown in consumer prices and the decline in producer price inflation prove the correctness of the decision of the US Fed. The official noted that another 25 basis points increase in the interest rate would be appropriate, after which the cycle of monetary tightening could be completed.
BTC bottom is in?
Many indicators show that BTC may form the final bottom in this cycle. But is it really confirmed?
Following the Wyckoff method, it suggests why this hypothesis would become more and more realistic.
I've already made a Wyckoff analysis but I would like to make it simpler with this new one.
Based also on key levels (Fibonaci and main supply/demand areas), the prediction would be correct or completely wrong at the end. But I hope that this chart would be useful in midterm.
All the best!
Li Auto is the price going to continue to drop?Li Auto has been red for the last few days but if you look at the price action its been trying to hold its own and hasn't really dumped. Somethings changing or happening right now and I believe its a balance shift. In this video I use this perfect oppurtunity to show how the ESVO can show you where Absorption has been hit, when momentum has shifted, and where price targets are for potential push down to absorb the remainder of the float or to repeat the N pattern(pain pattern that creates the catalyst for an upwards movement off the bottom.)
Of course, if you find any of this intriguing pls like, follow, and most of all boost so others can find my videos. Thank you!
by iCant84it
04.05.23
AAPL insider trading and net cash flow from positive to -70Mil AAPL with all of it's great achievments has what seems started to run out of steam.... With insider trading recently and net cash flow going from a surplus in 2019 to trending negative since and at -$70 mil currently.... I see signs of weakness. Looking at the chat there are clear signs of manipulation and gapping up over solid resistance areas to get to where it is today. This recent pull back for re-accumulation looks like a failed re-accumulation mid run. This is apple so I am not sure how much of a fight this will put up. However, I feel confident this will drop to at least close the gaps. 8 Days should be enough for the $161 traget. 36days should be safe for a Price target of $152. Which seems ambitious when looking at it from the top but its been on a straight 45 degree angle since Mid March. However, this is the same stock that took from Jan 2021 to Mar 2023 to finally make support out of the $140s. If this pulled back to $152 it would be completly conservative compared to those 2 years.
This $152 area is the last place there was synergy between volume and price. Which means this is the last place buyers and sellers saw eye to eye for a period longer than a few hours.
If you like or are intrigued by this analysis pls like and follow and of course hit the BOOST button as thats how more people will be able to see this.
This isn't financial advice and I wouldn't suggest blindly following my trades, if you see the price going against save your profits and or money and look for another entry.
by iCantw84it
04.06.23
BTC Wyckoff Re-Accumulation Possibility?Well we are still in the 28k zone which should tell us something right?
If you turn your TV on or listen to social media pundits they would have us all believe the sky is falling on our heads, complete with radiation.
So why hasn’t BTC tanked?
I mean if its really as fragile as it has been behaving the last 15 months then surely we should be in the bin by now.
Well I have been looking into it a bit because of a couple things.
1. The longer you stay in a range the stronger it becomes. The more you accumulate in that area, the weaker the resistance gets above you. So the longer we hold out in the 28k zone the more likely the break to the upside becomes.
2. Since Alameda Research got taken out as a MM we have had a lot of smaller MMs in the space, so the ability of just one to rek the charts is a lot less. Also, the patters that the Alameda Algo was using are different to these ones, we are conforming more to regular manipulation in other words.
So … Wyckoff Accumulation/Distributions patterns?
Sitting at the top of a move is usually a Distribution pattern as the MM takes profits by selling to eager retail shrimps, only to tank the price when they are done.
Similarly when we are at the bottom you can see deliberate moves to prevent price tanking further, or moving higher until the trap is ready and we spring out quickly. Remember January?
But when the expansive move is done we just hover there seemingly. Most think this is a Distribution phase and would normally be right …
but we didnt tank… I mean I expected a move to 20,500 and we got 19,500 - but it was a pullback that propelled us up to 28k…. and thats where we have been.
Lots of people expecting THIS to be the Distribution and then dump back to 25k… 20k… 18k… 10k…the bears die hard.
But there is a less known Wyckoff pattern called the Reaccumulation, which is a pause along the way to a higher and longer bull run.
Others call it Rally, Base, Rally or choose your own terms but this pic is my attempt to see if it fits where we are now.
In short…
We have run up to the first Preliminary Supply at 27,600 setting in a new range, then continuing to the Buying Climax.
BCLX results in rejection back to test the bottom of the new range, which triggers an Automatic Reaction. This has to be strong and send price all the way back to the BCLX to retest it. We did that.
Price then moves to the mid point of the range to find Support (5) before yet again pushing lower to retest the support and take liquidity, resulting in a Spring and Test before moving up to again retest the high in a sharp Upward Thrust which fails.
From the UT price descends forming the Creek which is where we are now.
The Creek continues to form but importantly does not break the lower Support (7,8)
Once we jump the Creek - which should be an expansive move up to test the Uppber Band and break past the UT - it should then retrace to test the Last Point of Support…. before breaking up in a Sign of Strength - another expansive move.
Now my lovely yellow line is no indication of prices, just direction, but the overall structure has critical points to keep an eye on.
1. If we break down below the Lower Support the setup is invalid and we are likely in a Distribution pattern - expect much more downside.
2. If we do break above the UT you will not have many opportunities to look for Long positions so be quick once you see this.
3. If this pattern is correct and plays out expect Alts to get rekt as people dump them to get on the BTC train.
No idea if this will play out but it seems likely given BTC has not tanked even with all the heavy heavy anti-crypto FUD, banks collapsing, Operation Chokepoint etc ….
Big news tonight and tomorrow night all around Employment - if unemployment goes up this will be bullish … but will it be bullish enough to jump the creek?
CPI data and FOMC minutes comes out again next Wednesday night so its feasible the continue the manipulation right up until that point before making a major move like that.
Jumping the Creek is a major chart changing move so if they have it planned they may not want to show their hand ahead of time. Just speculating …
***Bili Put Update**** Had to take profits.Sorry, I know I said I was sticking this in but it wasn't until the final moments of the market that it finally finished a reaccumulation....where it had not been able to even come close in the last couple of days. When it started to form I was charting it out which you can see the starts of in the previous video. But again it wasn't ready or even looked ready until the last 5 mins of the market. I ended up using the same trick as the one I used on the TRKA video where I showed absorption and the how the market responds to it as it explodes upward. So if you want to see that video check out the related video.
Price target going up is $21.60 then I think we retest this low.
Again if you are intrigued by anything I am showing you. Please Like Follow and of course hit the Boost button as thats the only way people can find my videos.
by iCantw84it
04.05.23
TRKA Can it get out of the low .20s? Absorption Pop!TRKA was setting up to make a move that was going to pop so I had to jump on real quick to catch it. Using Volume and price you can find synergy in between the two and watch for when the set up is about to capitalize on everything it had set up. We are talking about institutional trading and algo trading. Using the ESVO (an indicator i made with ChatGPT to identify the bottom and the move after that sets up an explosion off the bottom.) Really is a beautiful thing. Will TRKA make it out of the 20s? Who knows! That's not why I made the video. I made it to show off how I use my indicator and share how to identify the bottom and what is needed to move up.
If you find any of this intriquing please like follow and of course Boost, as its the only way more people can see my videos. Thank you.
by iCantw84it
04.05.23
Bili Puts Update is it time to get out?Using the ESVO and looking at some different points of view from the previous move off the bottom, I have decided that we are not at the bottom of this move and we should be seeing another push down until we find synergy with price and volume. If we have a move to the upside I believe it will target $22.61 then dump to about $18.69 possibly deeper until we find that sweet spot where the two meet. If you find any of this intriquing pls Like Follow and Boost because that really helps me get more views. Thank you.
by iCantw84it
04.05.23
Bili Short update: Using ChatGPT indicator ESVO Using this opportunity to cover where we are at with Bili on this short, targets, and explaining how the ESVO works and how to use it to find price targets and stop loss pockets to manipulate for your own profits.
The ESVO is called the equilibrium Singularity Volume Oscillator. I used Chatgpt to code it, which is amazing because I can not code. I love this indicator as it shows me supply and demand. It shows me where pockets of stop losses are and paints a picture of where price is going and who is in control.... Everything price action isn't showing you, it is showing you. If you like this video or find it intriguing pls hit the boost button, like, and sub. Thanks
by iCantw84it
04.04.23
EGO The New Gold Rush After Soaring 100% In Less Than 4 Months?Eldorado Gold Corp (EGO) is a Vancouver-based gold exploration and producing company that owns and operates gold mines in Turkey, Greece and Canada. The company has developed and operated assets from several merged companies and operates five mines, including the highest producing Kişladağ gold mine in Turkey, the Efemçukuru mine in Turkey, the Lamaque mine in Quebec, Canada, the Olympias mine in Greece and the Stratoni mine in Greece. EGO is listed on TSX and NYSE.
Wyckoff Spring Followed By Sign Of Strength (SOS) Rally
EGO started 2022 with a Wyckoff sign of strength (SOS) rally that peaked at $12.50 on 18 April. However, the price did not follow through to the upside and instead began to show signs of weakness. The price structure turned into the Wyckoff distribution phase until mid July. A Wyckoff selling climax (SC) occurred on 14 July after hitting the low of $5.27 and this was confirmed by an automatic rally (AR) up. This led to formation of a new trading range between $5.27 and $6.67 over next few months. There were tests to the lower range as well as Wyckoff upthrust (UT).
The range continued on until early November with a localized spring-like action. The price subsequently did a SOS rally and was able to break above $6.67 resistance on 10 Nov. It was the best rally thus far. More importantly, the reaction from this break out was a shallow pull back to retest the $6.67 level with low volume. This rally has the characteristics of a Wyckoff change of character (CHoC) where the accumulation phase was shifted to an uptrend. The price was able to continue with another SOS rally to test the $8.65 resistance.
EGO broke above the $8.65 resistance successfully on 4 Jan 2023 was able to stay committed above this level for a few weeks. Next EGO retested the $8.76 level in Feb followed by a rally and consolidation with contraction of volatility suggesting bullish bias.
The spike of volume on 17 Mar did not result in significant pull back. According to the Wyckoff effort versus result theory, this was the sign of absorption, which acted as a prompt bar to test the supply. Subsequently, the price consolidated between $9.50 and $10 until a successful breakout on 28 Mar.
Bias
Bullish. According to the Wyckoff method, EGO just broke out of a trading range between $9.50 and $10. There is no threatening volume to suggest the presence of supply. The price might retest the $10 axis, consolidate a little before attempting to challenge the next immediate resistance at $12.50. The tailwind from the mega accumulation structure in Gold futures could help to push EGO with more upside ahead.
If the price breaks below $10, it will likely retest the support zone between $9 and $9.50 with a prolonged consolidation.
🔥 Bitcoin In Wyckoff Distribution: Is This The Top?Bitcoin has been trading sideways for the better part of two weeks now. Yesterday, there was a short-lived break out through the FOMC resistance, which got sadly sold off quickly.
Since the break out was only minor & short-lived, there's a probability that we're currently trading in a Wyckoff distribution pattern, which could signal that this is area is the Bitcoin top for the foreseeable future. Check out the theoretical schematic below.
If we'd follow this Wyckoff distribution pattern, that would indicate that there's still one more move up before the real sell-off. As long as the price does not break below the AR-support (purple) before breaking above the UT-resistance (yellow), this pattern is valid. Furthermore, the UTAD break out can't reach much higher than the UT top ($30k?) before being sold off.
Consequently, the UTAD top would be in an area of heavy resistance from the last two years of trading, see yellow area below.
Do you think we're in a Wyckoff distribution pattern? Are we breaking down? Share your thoughts below.
Note: I'm still bullish on BTC, especially in the long-term. However, I think it's valuable to look at different perspectives of the market, even if it goes against my bias.
BILI is exhausting demand needs re-accumulation to move higherBili bili is one of my fav stocks to trade. Paired with my love for anime, its a great stock. I have traded it everytime it hit $16 and sold it everytime at $28. I made a pact a long time ago that without question if the stock hits $16 buy it... and if it hit $28 sell it. I want more plays so I am adding more in depth analysis and stalking this thing now. I noticed it bounces around in the 20s when it gets up here. It normally hits the upper 20s one last time before coming down. However, based on its current move. the candles are showing this move is exhausted and demand is spent. There is no conviction in the candles and with out a ton of volume its not able to get over this area between $25-26. I'm in on some puts with tight stop losses as everything says it wants to go but the candles say otherwise.
by iCantw84it
03.30.23
META Soars 100% In Less Than 4 Months! What’s Next?Meta Platforms, Inc (META) formerly known as Facebook, is the world’s largest social media platform with a portfolio of apps including Instagram and WhatsApp. It measures its user base in daily and monthly active users, with advertising being its main source of revenue. The company faces competition from Google, Twitter, Amazon, and Snapchat-parent Snap, as well as Apple, YouTube, Bytedance, and Tencent. Meta recently changed its name to reflect its focus on the metaverse. NASDAQ:META is listed on NASDAQ and is a component of NASDAQ 100 and S&P 500.
Spot The Wyckoff Change Of Character From The Selling Climax
META started 2022 with a gap down on 3 Feb. The Wyckoff distribution phase was prolonged and continued for several months until late October. The earning results on 27 Oct triggered another gap down and took the price to around $88. However, this down move was accompanied by a big spike in volume in comparison to previous down swings. This capitulation was considered as stopping volume and was confirmed by the higher low test with decreasing volume.
The price confirmed the $88 level is Wyckoff selling climax (SC) as it rallied to $119 in mid Nov. This rally has the characteristics of a Wyckoff change of character (CHoC) where the down trend was shifted to a trading range. The price tested the $119 resistance on several occasions with relatively low volume compared to late October 2022. This was the sign of supply exhaustion and a rally could be expected.
Subsequently, META started 2023 with a successful breakout from the $119 resistance and a Wyckoff sign of strength (SOS) rally. The rally was steady but reassuringly after successfully breaking out of the trading range. Then the earning results on 2 Feb provided the much needed catalyst for the price to gap up with strong momentum. Nevertheless, the price quickly pulled back from the $197 resistance to form a Wycoff back up (BU) range. The pull back was shallow, about half of the price gap on 2 Feb. Furthermore, there was no threatening volume to suggest the presence of supply. The price also confirmed the bullish momentum with another rally up that successfully stayed above the $197 axis.
META Directional Bias Via Wyckoff Method
Bullish. According to the Wyckoff method, META just broke out of BU range between $168 and $197. The shallow retest of $197 on 20 Mar would have been a great entry signal for a long position with the swing low of $187 as stop loss. The price might retest the $197 axis again before challenging the next immediate resistance at $245 and $322 to close the gap of Feb 2022.
If the price breaks below $187, it will likely retest the support at $169 with a prolonged consolidation.
Duolingo On Fire: Can It Keep Going Amidst Economic Uncertainty?Duolingo Inc (DUOL), an American edtech company, offers over 100 language courses, including popular and less commonly studied languages. The platform uses gamified lessons with translating, interactive exercises, quizzes, and stories to make learning more engaging. Its unique algorithm adapts to each learner's level and learning style for personalized feedback and recommendations. Duolingo also offers a language certification program, a literacy app for children, and a math app for iOS. The platform also offers podcasts with simplified grammar, vocabulary, and slower intonation for intermediate level learners. NASDAQ:DUOL is listed on NASDAQ.
Wyckoff Change Of Character Leading Into Accumulation Phase And Breakout
DUOL has been in downtrend after hitting an all-time high of $205 on 22 Sep 2021. The Wyckoff distribution persisted until a Wyckoff selling climax (SC) on 15 March 2022 where it hit $64.80. The subsequent reaction was a relatively impulsive automatic rally to reach $101.50. This had the characteristics of Wyckoff change of character (CHoH) as the price structure shifted from downtrend to a trading range.
For the next few months, the price tested the highs and lows of the range. Several Wyckoff upthrust (UT) was formed but unable to commit above the resistance of $101.50. Yet the duration DUOL spent in the upper trading range $90-$110 showed evidence of strength.
The price did one last leg down to test the low in late October to December of 2022 with low volume suggested exhaustion of supply. At the beginning of 2023, DUOL price had a localized Wyckoff spring then started a significant Wyckoff sign of strength (SOS) rally. It was the best rally and the pull back from resistance was shallow, forming the Wyckoff last point of support (LPS). This is the sign before a successful breakout of the Wyckoff accumulation phase. With earning results as catalyst, the price gap up above the $101.50 resistance and committed above it. This was accompanied by increased volume hinting at the presence of demand. The up trend took a momentary Wyckoff back up (BU) pullback forming a higher low at $114 before continuing on the phase E uptrend.
Bias
Bullish. According to the Wyckoff method, DUOL has just broken out of the BU range of $130.50 and is overextended short-term. The price might retest this level and before challenging the next immediate resistance at $154 and $165.
If the price breaks below $130.50, it will likely retest the support at $114 with a prolonged consolidation.
AMD About To Soar On The Back Of The Semiconductor Boom?Advanced Micro Devices, Inc (AMD) is a US multinational semiconductor company that offers high-performance computing platforms for cloud, edge, and end devices. Its products include CPUs, GPUs, FPGAs, and Adaptive SoCs, which are used in various devices, including personal computers, gaming consoles, and servers. AMD faced challenges in the past but regained some of its market share thanks to the success of its Ryzen processors. The company has expanded into new markets and plans to enter the high-performance computing market. AMD is listed on NASDAQ and is a component of NASDAQ 100 and S&P 500 Information Technology.
Pivot Wyckoff Change Of Character To Bullish Trend
In late Nov 2021, AMD reached an all-time high of $164.46 but retraced subsequently from that point. The price was unable to rebound and instead entered a Wyckoff distribution phase. It broke the $122.50 axis and retested the support of $100 on 22 Jan 2022. The following weeks saw the price range bound and the increase in volume with inability to rally up suggests more weakness ahead. This was confirmed when the price broke the $100 support in a Wyckoff last point of supply (LPSY) fashion.
There was a spike in volume on 4 May, but no follow through to the up side which led to a redistribution. The Wyckoff sign of weakness (SOW) took the price down to around $54.60 on 13 Oct. The volume was high but no further down move suggested it was stopping volume. The test of the selling climax in Dec 2022 contained lower volume with a higher low followed by a higher high rally that broke out from the downtrend line. This signaled an important concept, a Wyckoff change of character, which switched the bias from downtrend into at least a trading range if not a reversal.
The year 2023 began with a formidable SOS rally where AMD broke above the $79 resistance with earning results as catalyst on 1 Feb. There was a spike in volume but the shallow pullback tested the resistance-turned-support at $76-$79 with low volume hinted at supply absorption. It is now testing the long term resistance of $100.
Bias
Bullish. According to the Wyckoff method, AMD has just broken out from the short-term Wyckoff accumulation phase and back up (BU). It is now in phase E to challenge the $100 axis, which could form a larger accumulation structure. The last 3 days are showing rejection tails with localized increase in volume. Nevertheless, the bullish price structure is still intact and will likely see more rally up to test immediate targets of $110 and $122.50 subsequently.
If the price breaks below $89, it will likely retest the support zone between $79 and $76.60. Despite the failure scenario showed up as discussed in my latest video, the characteristics of the FOMC bar was not as bearish as anticipated. This could present a trading opportunity for AMD to ride on its strong bullish momentum.
WDAY Roller Coaster Ride: Brace Yourself For The UnpredictableWorkday Inc NASDAQ:WDAY , a cloud-based software vendor, generates revenue by selling subscriptions to its financial management, human capital management, and student information system software. Its platform combines finance and HR in a single system, providing analytical insights and decision support for organizations of various sizes. Workday also offers additional applications, including Payroll, Time Tracking, Recruiting, Learning, Planning, Professional Services Automation, and Student. The company serves industries such as technology, finance, healthcare, education, and government. WDAY is listed on NASDAQ and is a component of NASDAQ 100.
Wyckoff Sign Of Weakness (SOW) Turned Accumulation With Developing Back Up
WDAY hit an all time high of $307.80 on 17 Nov 2021, but retraced from it. The inability to rally up in the subsequent weeks transformed the structure into a Wyckoff distribution phase. This was confirmed when a Wyckoff last point of supply (LPSY) occurred in late April and the price slid in Wyckoff sign of weakness (SOW). It took the price all the way to around $135 on 22 June.
The $135 became support and the price rallied to around $180 on 15 Aug, which helped to define the trading range. For the next few months, WDAY price tested the low of the range twice. The low of 4 Nov has characteristics of a Wyckoff spring that was followed by a Wyckoff sign of strength (SOS) rally. The price attempted to break the $180 resistance on 13 Dec but no follow through, making it a Wyckoff upthrust (UT). Nevertheless, the price did not retest the low of the range and instead launched another SOS rally at the start of 2023.
The price managed to break out from the range on 2 Feb after completion of the Wyckoff accumulation phase. It is now ranging in Wyckoff back up (BU) between $180 and $194.
Bias
Bullish . According to the Wyckoff method, WDAY is now in the BU phase. Although the price broke the $180 support, the reaction was another rally to challenge the $194. If the price is able to commit above $194, the immediate target will be $217.
If the price breaks below $180, it will likely retest the swing low of $172 followed by $158 with a prolonged consolidation in the trading range.
Despite the failure scenario showed up as discussed in this latest video, the characteristics of the FOMC bar was not as bearish as anticipated. This could present a trading opportunity for WDAY to ride for an up swing.
BTC New Bull Market 99% Confidence99% Confidence
It is now official that BTC has started its new bull market cycle after a confirmed weekly candle close above 25.5k. Major Wyckoff accumulation phase is over, now is the time to mark up the price. Elliot Wave analysis also confirmed that the whole move in the last quarter is a new cycle wave 1. And price has already made weekly candle close above 50/200 EMA and 200 SMA, a very convincing move.
BTC can still go up somewhere to 30-37k and then stop, next it will make a corrective move of cycle wave 2 for 6-8 months and land above major Wyckoff accumulation trading range, so it will be somewhere at 25-27k or maybe higher. The low of wave 2 will be the third best time to buy. So wave 3 is around Q4 2023-Q1 2024.
I still amazed by how BTC can still going up and stay in its traditional cycle despite all the odds that conventionally only gold survived. And even now BTC strongly inverse correlated with SPX, a decouple phenomenon, maybe only temporary.