Bitcoin Falls Back Below the Bear Market Resistance Band

As I warned you.

He did it again. While most were against him, hats off

How you make an 18 min video when it's been 20 mins since it happened lmao

18 minutes to record, 2 minutes to upload

Serious question, why do you sound like Jim Henson's hand is up your ass?

why are you so horny about it?

Enough bearish talks. Let me change the topic. How do you like your eggs for breakfast Benjamin?

I don’t eat breakfast

You do eat right 👀

$40K by October.

we are all going to be fine, we just need to zoom out

New lows soon

This is exactly why confirmation matters more than narratives. Below the band, the burden of proof is still on the bulls. Until BTC reclaims structure, defensive posture makes more sense than chasing every bounce.

On time

When institutions call it resistance, it's accumulation phase not crash territory.

又跌了，挺住啊兄弟们。

what comes next??? the end?

Go Ben go! Where did all the haters go? What happened to ur god candle?

Thank you for sharing especially on the part where you timed some rallies incorrectly, it made me think maybe there is a slim chance I could continue trying to trade .. respect!

Meanwhile I’m still earning fees from my liquidity pools.

Fantastic piece, thanks Benjamin

oh yeah !

Its so interesting how the markets are basically peoples psychology of how long they can last, once they give up we hit the low point. Time based, such a eye opening way to look at it. I recal Virtual bacon telling us to sell at the end of last year due to time. I wrote it down but forgot to follow it. If I had followed it, I would have sold very close to the top.

They mocked your calls. They're about to eat humble pie.

the resistance band looking like a surernder flag now lol

This Cycle Is The Most Painful 😣

We are currently at the beginning of wave 2 on the Monthly TF. Wave 1 invalidated the previous HigherLow. Pulled back to test for Resistance & got rejected, quite emphatically actually. The '21-'22 fall saw price drop exactly 78.6% (Fib) from ATH. Should wave 2 fall, from the current ATH, to the 78.6 Fib then we'll be at $38.5K & in the vicinity of the Baseline. You do not need indicators & you shouldn't use them. They instill blind trust. They make you see the chart 'through somebody else's eyes'. Because that's all an indicator is. Someone else's interpretation of a particular 'situation' on the chart. I do not use them. PriceAction is structural. Learn how to read those structures. That's where the decision making happens. That's where positioning happens. You don't need a Whale's wallet to understand & play the game like a Whale. That's where the real money is made!!

Resistance bands are made to be broken. This is just the warm up set before the real sprint higher.

@benjamincowen how would you summarise the underlying reason(s) and rationale for the 4-year cycle? It’s something I find hard to articulate to others when it comes up.

Every reclaim/deviation/rejection starts looking the same after a while, and this is where I usually overtrade myself into oblivion. MEXC spot grid honestly feels built for these messy $BTC ranges where nobody really knows the next move yet.

im sorry i doubted you ben in early May. but i never doubted the 4 year cycle. i didnt trade the rally, just sat in cash and waited. while i traded semis and memory

Bitcoin below the resistance band, classic mid-cycle shakeout. Just hodl through the noise buddy

Yükselirken yoksun düşerken şarlatan gibi ortaya çıkıyor amk

128 days more guys, stay safe! @benjamincowen will be on the lookout approx 3rd Oct

I believe you will not see btc price under 72500