Congrats to everyone who made money in Bitcoin this year. Remember, you don't always have to be long. And it does not have to be treated in any special way. It's not a religion. It's just a trade. https://allstarcharts.com/dont-make-bitcoin-religion/ Target achieved. Now it's someone else's problem!

to be clear, I think Bitcoin goes a lot higher. But it doesn't matter what I think. Our targets were achieved, pretty lofty targets at that. Now we wait and reevaluate as we get data. $20k was our ceiling. Now we only want to be long if it's our floor. We'll see how long it takes

Patience will probably keep paying well here. Think about the opportunity cost, “What else can I do with this money?” - if bitcoin is below 20000 then I still think pretty much anything else is a better investment. Almost anything ;)

consolidation at former all-time highs resolves lower, not higher #Bitcoin and they tell me there isn't more supply here than demand and this is all just one big coincidence....my bet is it's not

nothing but lower lows and lower highs so far in #bitcoin since getting back to those former highs. This is what we call "overwhelming supply". How long will it take for demand to absorb it all? Here are some notes https://allstarcharts.com/overwhelming-supply-looks-like/

New correction lows as #bitcoin hits its lowest levels this month. The churn and absorption of supply continues. How long will it take?

The grind below overhead supply continues. We're about to enter the 4th week of this churn. How long will it take for demand to absorb all this supply? The bulls are working hard this weekend finding support at the 61.8% retracement of this consolidation #bitcoin can they do it?

Here's how Bitcoin has behaved since getting back to those all-time highs from 2017, which was also the 161.8% extension of the entire 2019-2020 consolidation. My bet is that wasn't a coincidence and these levels of overhead supply will in fact be critical moving forward #bitcoin

Since getting back to those former all-time highs from 3 years ago, Bitcoin has been consolidating sideways through time, vs to the downside through price. Sideways absorption of supply > downside price correction. Breakout imminent? Or is it going to take a while? #bitcoin

They keep knocking on the door. The way I learned it was that the more times a level is tested, the higher the likelihood that it breaks. Is it coming soon? #bitcoin $btc.x $bitcoin $btcusd

And there it goes. Take a look at the 1Hr Candles so you can see it took about 3 weeks for demand to absorb all that supply this time around. Next target 30,000. Here are the notes from yesterday https://allstarcharts.com/next-targets-bitcoin/ #bitcoin

Here's a closer look at the current consolidation taking place within an ongoing uptrend #bitcoin

Step back and observe the breakout from a 3-year base #bitcoin

And here's a short-term look at #bitcoin running into the 261.8% extension of the consolidation since November $btc.x for more info on Fibonacci, here's my explanation https://allstarcharts.com/fibonacci  $btcusd