I still hold the same view, and we have indeed seen that leg down in stocks unfold. Down about 200 points from this post, and now below both 20 week sma and 21 week ema. Like Bitcoin, stocks seem close to a low, in the right region, but perhaps not quite there yet. To finish on positive note, all the accounts that have constantly called the bottom all the way down are a lot more quiet now, and that's usually a good sign 😜

Reading the timeline last few days, and it seems people are finally starting to believe... that we are going lower... Albeit a month too late. Sentiment still moderate neutral/fear, with room to get worse. Bottom more likely when sentiment is worse than the macro lows. We are close. Time to get to the charts...

My X feed is increasingly overwhelmed by garbage negative news reel, and it's increasingly more difficult to stay on topic with crypto and the things I'm actually interested in. A lot of it seems pushed, propaganda even.

Looks like the 5th wave of C.

My target was 75k, and at 76k we came close and have bounced on bull market support at the 21 week ema. When I stated the target last month, the 21 week ema was at 74k, with the 200 day at 71k, but both are rising. Today the 200 day is at 73k. Is the bottom in? I'm not sure. I would like to see these moving averages tested a bit more, and I think sentiment still has room to get worse, but price is largely in the area I expected it to come down to. More importantly, I think this is a good area to DCA as long as you have the right time horizon.

Yes, the high time frame trend is up. Correction in a bull market.

This correction was predictable up to 2 month ago before price even peaked, but it's always convenient when you have a big bearish news narrative right at the end near the lows.

In a bull market every countertrend move is like an archer drawing back the bow. The more the bow is drawn, the more force it stores to launch price to new highs.

Remember that November is historically the single most bullish month of the year for the markets, so if the high 70s was enough of a drop and Bitcoin wants to have a stab at a recovery, now is the time for that to start to unfold.

At no time has there ever been any certainty towards a particular outcome and no analysis has been perfect, but overall there are some that were consistently bullish at the right time through the year, when the majority was bearish. That majority were not just too bearish at the macro lows, but also far too bullish at the recent local highs. Why? Because above 83k, Bitcoin printed its macro higher high, and all the big influencer accounts posted their apologies. The bottom is in, they said. So of course, the majority piled in, the market got too bullish, and the local high was set. Over the last month or two I've been calling for this retracement, against the sound of denial from the majority that the market would go lower. But Bitcoin did go lower, much more slowly than I thought, in fact it's just been a slow grind and bleed out, but that's exactly the sort of price action that kills the momentum and will eventually break sentiment. Sentiment metrics are still neutral to bearish, so they're not screaming local lows yet, but I am starting to see the cracks. Eventually the market will return to fear and the majority will once again call for new lows, as Bitcoin prints a higher low, and that will be the bottom.