Welcome to the Rekt Capital Newsletter!
Monday editions are dedicated to my macro research on Bitcoin and the Crypto market.
I share complex, cutting-edge research insights about the crypto market in a simple, easy to understand format.
Whether that’s insights about Bitcoin’s historically recurring price tendencies or Market Cycle analysis on Ethereum - the goal is to offer you a unique perspective and incredible value.
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The Three Macro Triangles
Back in June, I spoke about three historically recurring triangles in Bitcoin’s price action:
Back then, Bitcoin appeared to be in the “Downtrend Acceleration” phase of its macro downtrend.
Since then, BTC plummeted to the ~$17500 level.
Here is an update:
I believe that BTC may now be transitioning to a “Downtrend Deceleration” phase where - though downside is still possible in the form of a volatile downside capitulation wick to hammer out that absolute bottom - BTC is slowly preparing to form its final Accumulation Range at the Market Cycle Low.
And in today’s newsletter I’ll share some arguments as to why that may be the case.