Break Of Structure

For the first time in 3 months

Gm friends, and welcome back to another edition of Syko Therapy.

Over the last few weeks I have been speaking to you about Bitcoin starting to move higher, and since then we have now pushed a total of 30% from the bottom. A recovery bounce was long overdue, even if you are overall macro bearish, this isn’t something that would be totally unexpected. But a lot of bears had honestly got to the point where they were just pointing arrows straight down.

And even though its great to see the sort of bounce in Bitcoin we were looking for, the work is not done yet. There is quite a battle going on between the bulls and bears right now, and It has been a long time since I’ve seen the timeline so confused and divided. This is a really difficult environment for the regular investor to navigate are there is currently so much noise on the timeline. However, several key things happened at the weekly close on Sunday that, in my view, have shifted the favour to the bulls.

Today, I will be providing an overall update on our High time frame macro and market situation, what I’m personally expecting, and all of the levels that you need to be aware of to understand Bitcoins and the wider markets momentum.

Let’s get into it!