Published 1 Oct 2026, 18:55 UTC · fetched 3 Nov 2026, 10:59 UTC
Daan Crypto Trades
@DaanCrypto
Quoting · 9 Sept 2026, 09:11 UTC · context given to the AI
bitcoin:native With the 2023 breakout from the bear market as overlay. The price action at the bottom with the second sweep into very compressed sideways and the breakout has been very similar. In 2023 at this point, a lot of people were calling for another lower low to occur. Sentiment was pretty neutral on average. What actually happened was about 6 weeks of sideways chop. We saw some up and down and a larger correction during the banking crisis fud at the start of 2023. But that quickly reversed into a positive catalyst for Bitcoin instead and saw another leg up follow after that. I think any larger drawdowns due to some kind of headline should be welcomed with open arms. Mark out your high timeframe levels and stay level headed. And remember that usually price tends to shake out a lot of positions on both sides before actually continuing its move higher after such a big impulse.$BTC Has mirrored the 2023 price action extremely well. I do still believe that if you were to see some bigger flush due to a headline or bond market breaking for example, that it would be an interesting spot to watch. Will keep track on how the fractal evolves. Keep in mind, this is just a comparison. Different market, different times, but always interesting to compare similar price action.View original on X ↗
Deterministic: the same prices and policy always give the same result
unscored Awaiting manual review
Only the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
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