Winter is coming, bitcoin is heating up. With the new all-time high we should expect the network to increase its footprint massively on the electricity consumption, which also has confluence with keeping homes warm during colder periods of the year. 🥶⚡

Let's go. Weekly bear has been exhausted for the past 168 days (24 weeks). Corrective wave count seems to be complete according to ABCDE, with E making a higher lower (if looking at the closes!).

TP1 77.061 USD
TP2 84.369 USD
TP3 94.688 USD

Trading is like hunting, you wait patiently to seize the moment and when it appears you act swiftly. This is the calm before the storm 🫡

NATGAS - Slow but steady, think we will retest that smaller green area first but still not fully broken resistance yet. It could also just push through in one go, but the more conservative way would be retested. Anyways I've recommended anyone of my friend and family to get long-term 3Y NATGAS contract for their households (e.g. in NL). I don't see it getting any cheaper than this and the geopolitical turmoil will definitely return in one shape or another.

The bounce was good at the local bottom. But i haven't tracked it well enough to keep you up to date. The bubble still has popped and this will take months of correction. It will reverse back to the mean trend which is the dashed yellow line.

Short strong bounces if it goes up only when RSI peaks. Then should have good R:R and target to the downside. 👌

Let's bring up the charts.
BTCUSD, not as bullish as we'd had hoped however there has not been a good distribution and pullback since breaking ATH (from 30K and onwards!).

Near prior ATH (in 2021) we saw some major retracements from -52 to -56% at this range. We're currently on the third attempt to close below this dashed line (at 59.000) while we also cross long-term support (the yellow line).
My idea is that we stay in this red area, like previously seen in the other marked red area, while we move between the dash lines. Below 59.000 would mean we visit 47-50K.

The next 3 weeks will still be bearish and with sideways movement, breaking above 64K could set price trend up with force, but until now, waiting game.

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I'd expect price to rise to 68.000~68.500 and then one more big red candle to 65.000~66.000. Remember buy when red sell in green. 👌

BTC USD another excellent bullish divergence on intraday. Starting to look more and more like a true bottom here. Sellers pushing price down on weak strength (read less volume in agreement).