Hello Everyone!
I hope you’ve been enjoying the holiday season as I have!
Bitcoin continues to hover in the low 90ks while we await the next move. Fortunately, now that the bull market is underway, it shouldn’t be long.
Altcoins are the ones taking the bulk of the decline which is unfortunate because many of them have had a rough start into the first of Altseason.
As we talked about in the last Altcoin newsletter though, “The Phases of Altseason”, I believe what we’ve seen is only the first part of what’s to come, and everything still on the table is better than what we’ve seen.
In the last Bitcoin Premium Newsletter (Video Edition), “Not Over, Not Even Close”, I talked about what we could expect for December and January.
It’s best explained using this chart from the video:
December Red Year price action is all very similar… Bitcoin pushes to slowly make new highs while also completing shallow corrections. This is all in preparation for the burst of upside that comes in January.
With January just a couple of days away, is that still on the table? I received so many questions about where price will correct to and I’ll be diving into my short-term thoughts in today’s newsletter.
Nothing we’ve seen so far is out of the ordinary, the Halving Cycles Theory remains on track as it becomes very likely that the First Cycle Top Echo High is locked in (hollow blue dot) which came exactly in its appropriate window of either December or January of Red Year.
That means the First Cycle Top (Blue Dot) is next. I am continuing to watch for this top very closely so we can isolate it from the true top.
This newsletter will be all about where we are, and how much is left to go.
Let’s jump into today’s newsletter!
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