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https://www.tradingview.com/x/JqQrvKnN/

#BTC Major Update

Take a good breath, free your mind so you can focus on this analysis.

Using fib levels on this chart to see where previous bottoms formed.
To do that we use fib levels taking the lowest point with the highest one of a BTC cycle.

We had 4 cycles on Bitcoin

1. ( 2011-2013 ) Low 2.2$ High 263$
https://www.tradingview.com/x/ztQ1VFyt/

2. ( 2013 - 2015 ) Low 63$ High 1189$
https://www.tradingview.com/x/4JFS4sPB/

3. ( 2015 - 2018 ) Low 151$ High 20000$
https://www.tradingview.com/x/4g6hnvq3/

4. ( 2018 - 2022 ) Low 3183$ High 70000$
https://www.tradingview.com/x/q6v1lC7e/

The most important thing we can get from this analysis is that BTC always bottoms around the 0.786 area of fibonacci, it's not surgical as macro environment isn't the same but it's quite precise in terms of showing where the bottom could be.

Let's talk Risk and Reward Ratio

https://www.tradingview.com/x/p74iaEqr/ ( 7.39 on BTC )

https://www.tradingview.com/x/BK0poIXr/ ( 4.63 on ETH )

https://www.tradingview.com/x/jfrB8CiV/ ( 27.71 on SOL )

https://www.tradingview.com/x/wbPXkFYq/ ( 23 on NEAR )

https://www.tradingview.com/x/SmK2iK8l/ ( 11.49 on XRP )

You can take every asset on the crypto market now, you gonna see one thing : Risk is nothing comared to the Reward !

The question that will come in your mind now is do we start buying ?

And the answer is YES you can DCA but it should be done in a smart way by not deploying all your ammos in the battlefield.

20-30% of capital is a good option, as you will avoid the pain of going 30-60% down in case of a dump to fill the void below, and also on the other side you may start getting profits early and not get front run by a trend reversal.

You can deploy this 20-30% in BTC and ETH or in any Altcoin that has strong fundamentals !

I have a few coins on my watchlist like NEAR SOL HNT GRT ENS but it's still early to talk about them, and also not much important as if we start a new bull phase 90% of ALTS will go above their previous ATH so any pick can be good as long as the fundamentals are good on it !

More detailed update on the VIP for our paid members !

Happy New Year RWS family 🥂

2022 was pretty calm but we managed to avoid loosing 70% of capital.

I feel that 2023 gonna be a good year.

Wishing you health and prosperity ❤️

Stops between 64-60$, gonna be flexible depending on what market gives.

Sold half of my position here.
Will look to add on dips or sell higher.
Profit : 7.5%

Selling 30% of the remaining position at 88.2$

Profit : 25% ✅

I strongly believe it goes to 100+ but we can't know if a dip will come first or not, that's why I'm keeping this small bag !

In case it goes down first 84-72 is a good buy zone. However it's not a reason for you to go at max leverage once/if we touch 84.

There's a 16% spread on this buy zone which can make you suffer hard.

The more you vote, the more I can help you on how to manage it.

#BTC Update :

After the recent pump we had on BTC the bearish market structure has been broken on many tf's, which shows that focus need to be on longs and mid term buys starting from now.

https://www.tradingview.com/x/gDPOiml2/

Current structure showing an accumulation pattern which can break soon as range is getting tight.

Smaller EMA's catching up with price is a sign that trend is still unbroken.

Now let's discuss possible entries in case we breakdown :

https://www.tradingview.com/x/TQsHxHLa/

We have a CME gap between 20690-19995$ :

- Good place to deploy 30-40% of capital in case you're sidelined.

- If you're already in with 30% of capital, you can add on this zone 10% of capital.

- if you're already in with more than 50% of capital, you don't have to add anything on these levels if you want to play it safe.


https://www.tradingview.com/x/TKSI58Oe/

Checking the naked POC's we have on the volume profile :

We have two interresting POC's 18833$ and 18220$.

- I consider this zone as the best area in terms of risk reward to be exposed with 70-80% of capital on BTC and ALTS.

And we have a bunch of naked POC's below from 17500$ to 16500$ !

It's our BIG invalidation zone of the whole plan!
Going there would mean that we will see new lows and pain in the market. No need to develop more this thesis as price is still far from being there.

https://www.tradingview.com/x/GrjEFWlG/

In case we break to the upside and go up from here we have 22230$, 23432$ and the untapped high around 25000$ as next targets.

https://www.tradingview.com/x/UFjtlNam/

#BTC Update :

Nothing has changed !
Range is tighter than yesterday.
13EMA still acting as support, breaking it to the downside is the first signal that we may probably meet our possible entry zones shared earlier.