Episode Details
Back to Episodes
Craig Cobb: Bitcoin Needs $82,811 as Altcoins Start Leading the Market
Description
Bitcoin remains trapped in consolidation, but Craig is watching $82,811 as the critical level that would end Bitcoin's monthly downtrend. The total crypto market cap has already broken its corresponding level around $2.72 trillion, while altcoins are leading with a monthly higher low and higher high. Craig also continues watching Bitcoin's highly cyclical three-month structure, which he says has historically preceded a new bull market after the relevant high was broken 11 out of 11 times.
Craig then breaks down how he searches for trades when a clean higher-time-frame trend doesn't immediately provide his preferred entry. Using WLD as an example, he combines four-hour cyclicity with lower-time-frame horizontal resistance, requiring at least three touches and preferring higher lows building underneath the level. Rather than forcing a position, he waits for either a valid breakout or his cyclical trend-following setup, stacking multiple structural factors to improve the probability of a successful trade.
Happy HODLing
Hosted on Acast. See acast.com/privacy for more information.