Bear Destruction

Gm friends, and welcome back to an especially great edition of Syko Therapy.

Well… what a week so far, hey? An absolutely beautiful move from Bitcoin & Ethereum, utterly destroying the bears in every way possible, racking up the largest short liquidations in history. Perfect.

I am feeling really pleased with the overall outcome of this market price action after everything we have been covering over the past few weeks/months, and I hope you are too. Getting you all on the right side of this has been a great pleasure for me. Thank you for sticking with me and also thank yourselves for staying the course. I promise I will continue to guide you through this next phase and ensure you make the absolute most out of it you can, and keep these newsletters as high value as possible.

And all of them have led us perfectly into this outcome we have now actualised, within this recent market move. There aren’t many better feelings than putting in all the hours of analysis, taking all the chances when positioning for it to happen, and then actually seeing it happen. Especially when so many were against these ideas for so long.

Here is a section taken from “The Start of the next Bull” where I provided you my analysis on when I thought this would all get going again.

“We have established that:

1. Each sell off has become weaker with buyers taking over

2. Price has been consolidating for almost as long as 2022 bottom(the longest ever in HTF oversold)

3. STH cost basis is nearing the price

4. STH holders are gearing up for their 4th attempt at breaking out into 55%+ profit

5. Our “Bull market” signal is set to fire at $69,000.

With 2022 being the longest consolidation period in bitcoins history, I think we can be fairly confident that this range is going to resolve within the next 21 days, give or take a week. And with price only $5,000 below our $69,000 “Bull market signal position, we are very close.”

Very close we were, and very much past $69,000 we now are.

So, unlike the last few weeks, today, we have a lot to update. Let’s crack on straight into everything thats happened and where we likely go from here!

One thing I am especially pleased with is how well these indicators have performed after all the work and backtesting I put into building them for you all. No indicators are perfect, and to expect them to be is folly. But I am genuinely over the moon with how well some of them are working.

Let us review these and go over, now that we have hindsight, how you can use them in your own analysis to always get on the right side of these moves.

Firstly, the “Realised Volatility” indicator was alerting us that something big was about to come. Obviously, and as stated a fair few times to you guys, very tight compression doesn’t automatically equals that the price will eventually explode upwards. However, it is a very handy tool to use alongside other indicators to help us form the picture of an incoming and highly explosive upside move.

Just like our “Institutional Buy + Sell” Signal.

We can get a solid idea that volatility is compressing hard, and then layering this over, see how the smart money is positioning. And we could see last week, they had never been positioning this net long before. Even still though, there have been times where they have positioned and price has gone lower, just like in 2022. Albeit, only for a very short period.

But then we have the Syko Reversal Indicator to help us layer this even deeper.

We can see that we fired a High conviction(double knife) reversal indicator on the drop to $58k. This has only fired once before in recent history, which was the 2022 bottom.

So using only these 3 indicators we could establish.

1. Volatility was extremely tight, signalling a large move

2. Institutions were net longer than ever

3. A very rare reversal signal fired at $58k

This gave us a very clear picture that the upcoming volatility was highly likely to be to the upside. Of course, we can never be fully sure of this, but with this kind of data confluence, it is as close as we can really ever get.

And lastly, we are just waiting for the “Bull market” signal to print.

This has already crossed the threshold required, but a part of the indicator is based on EMA’s, so they take a little bit of time to catch up after such a violent move. I expect this to print over the coming days, but it is already well above where we need it to be to confirm.

Let’s now dive into exactly what has happened here, where are now, and what to expect next. Paid subscribers section.