Hey fellow degens ๐ฆ โ mid-week update. Not financial advice, just charts and levels.
๐ CURRENT PICTURE
We’ve been capped under the 8 DEMA. Daily timeframe (pic 1) showing a slow, painful grind down on low volume โ chopping inside a triangle that is starting to look break-ish down. Could be a false breakdown, but needs to be respected.
$75/75.85 (20 DMA) is now resistance. Above that mid $76s, then $78.50 (50 DMA) is the main level to turn bullish. Then the old boss $80-82 is at play for the flip.
๐ฏ TWO SCENARIOS I’VE BEEN DEBATING
This is starting to parallel what I predicted March 9, 2023 โ made that call at 8:30 AM pre-market, London session double bottom just below $20 ($19.95 to be exact, timestamped in TA Discord). That led to the full port moment. 2nd major call was the $50 rally mid-October 2025 that ran to $115.
Now watching for one of two outcomes for the final low:
Scenario 1: Drop to $70-69.50 suffices as the final flush โ buyers show up, correction over
Scenario 2: 200 EMA double bottom around $62-65 โ matching the 3/23 low โ the more complete technical reset before the next leg up
๐ EITHER WAY:
Both scenarios point to the same conclusion โ we are in the final stages of this correction. The next leg up will be historic.
Posting this timestamped. Will follow up when the level hits. ๐
Not financial advice. Stack responsibly. ๐ฆ
submitted by /u/PoetOfLight
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