Sykodelicc

Looking for something like this on Bitcoin.
We had a little push over the weekend into a strong 1W and 2W close...
So some Monday weakness and clearing up of late longs is not to be unexpected.
We had a clean three drive sweep into the $57k low, strong push and BOS and BOT...
Now a retest into that level would be a pretty strong R/R long.
Lets see if we get it.
Bias is higher this week overall.

This is a big weekly close.
Its actually more importantly a big 2W Close.
Over the last two weeks Bitcoin has toyed with breaking below $60,000...
But has not managed to maintain it.
The 2W Candle closes tonight and is currently sitting above all prior 2W candle wick lows since the initial 60k bottom in Feb, and just above the 200w SMA.
If we close above these levels then Bitcoin is showing strength around the 200w SMA and its inability to break lower than $60k.
If we drop form here before the close then we open up the idea that this was a 200w SMA retest on lower timeframes.
What do you think

This Bitcoin range is looking extremely tidy.
I'm not even gonna talk about whether the bottom is in or not.
But we have a very clearly defined 5 month range in which we have swept the highs, and now the lows.
And both the highs and lows failed to breakout/breakdown.
This now looks like a very clear bottoming structure that has liquidated shorts and longs, and has now build decent long positioning at those lows.
Personally, to me, if the price was weak and wanted lower it would have happened just now.
Price doesn't range like this in oversold conditions for 5 months and then fail to breakdow

Altcoins are gearing up for their best period in 6 years.
And the majority are going to be left not understanding what is happening.
Expecting nothing other than more down.
If you cannot see that OTHERS/BTC and OTHERS are where I have highlighted, I don't know what to tell you.
It is obvious.
We never had an altcoin run because we never had a full cycle.
This chart shows you this clear as day yet most will just keep mocking me for it instead of trying to understand.
Altcoins have not died forever they have just not had the environment needed to flourish.
But it IS coming.

I still believe this is a mid cycle correction in a much larger cycle.
A cycle where it will be impossible to know the length until its done, because it has never happened like this before.
But everything that has happened is 90% in line with 2019/2020.
And we have now reached the same amount od correction time that we had in 2019/2020...
With key index charts like ETH/BTC mirroring exactly that.
If this thesis is correcy it would have back at the highs early next year, instead of a 16 month wait for new highs as the 4 year cycle states.
It will be a vastly different path forward and that is w

Bitcoin is about to close 3 red Quarters in a row.
The last two times this happened were in 2022 and 2019.
In 2019, the mid cycle correction, the third candle marked the low.
In 2022, there was a 4th.
Bitcoin has never closed more than 4 3M candles in a row.
Right now, the current 3M candle is sitting right at the 2021 cycle high 3M candle.
As you all know I believe the overall market is in a much similar position to 2019 than 2022.
I don't think we get a 4th red candle.
What do you think? And why?

Bitcoin is setting up for a historic monthly close.
If it closes where it is now, it will be the first time it has ever closed a monthly candle back below a previous cycle high.
Even in 2022 it did not do that.
And it would be doing this, after the first cycle where the 1M RSI never truly entered into overbought territory.
Bitcoin continues to do things within this cycle that it has never done.
$60k has been a solid level, with massive amounts of accumulation happening. But a monthly close here would not be ideal for the bullas.
How does the next monthly candle look to you if we close like thi

Whale Holdings for Bitcoin just put in the largest spike in its history.
By a country mile.
Damn.
Whales have accumulated around 270,000 in the $59,000 area.
Every metric for Bitcoin accumulation right now is off the charts...
Just as ETF holders are capitulating and everyone is expecting $40k.
Whether you think the bottom is in or not, this kind of accumulation is unprecedented and signals nothing other than massive demand for Bitcoin at these prices.

Things are shaping up very well for Altcoins.
I know that is very hard to believe after the soul destroying performance of alts over the last few years...
But things really are looking very constructive here.
For the first time in over 2 years the 1W MACD has entered the positive territory, with the chart forming and strong bottom position.
The same thing happened in 2020, confirming the bottom.
This chart is yet another representation of how clearly we have been within a mid cycle framework.
You can see very clearly the two previous cycle tops, and how we have had nothing like that in this cy

The accumulation at these levels has exploded.
The spike in new whales is the most aggressive ever.
Is the same thing going to play out that is as old as time?
Mas fear for retail as whales scoop up?
Well, that is exactly what the data shows.

We know who the US open Bitcoin slammers are.
Bitcoin ETFs have sold another $1.3bn $BTC so far this week.
This is the very likely end up being the 3rd largest week of outflows in their history.
The other three largest weeks being:
- 2nd March 2025 @ $79k
- 6th June 2026 @ $60k
- 6th Feb 2026 @ $60k
So far this year Bitcoin ETFs have sold $12.5bn, with $8.5bn of that between $60k in Feb and today.
They have bought $6.7bn this year, giving them a net outflow of $5.7bn for 2026.
Bitcoin has absorbed $8.5bn of sell pressure from ETFs whilst being above $60k.
What we're seeing here, imo, is ETF c

I get a lot of disrespect for this.
A lot of people call me "desperate" to connect a narrative and many other things.
But its not a narrative nor is it desparate.
The FACT is that 2026 IS so much more closely aligned on a macro broad scale to 2019 than it is to any previous bear market, such as 2018 and 2022.
This chart shows it to you very clearly.
With Bitcoin, ETH/BTC, OTHERS.D and PMI, we are looking exactly the same as 2019.
In 2018 and 2022 all of these charts were trending downwards, together, after moving in the same way on the way up.
In 2019, Bitcoin was mid cycle correcting, with ET

Things getting a little bit testy for Saylor here.
I haven't really commented on this yet, many others have.
But it doesn't seem to be slowing down as of yet
And it looks like $STRC is definitely having a pretty heavy headwind over Bitcoin at the moment.
Every US session STRC gets hit we are seeing BTC get hit.
Do the big boys want Saylor in a tough position before Clarity Passes?
Could this cause a decent capitulation event?
Let me know what you think.

One of the more bearish metrics right now that doesn't look good...
Is the 200w SMA.
Weekly lost $65,500 and hasnt been able to get back above since.
Now, this weekly candle is currently below the 200w SMA and if it closes there would be first in a very long time.
Bitcoin has only ever closed below the 200w SMA in one bear market, 2022.
When it did, it stayed under for 6 months.
The bulls want Bitcoin back above $62,200 before the end of the week.