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Like GMS, we find good alignment with non-commercial traders\u2019 Bitcoin Futures positioning and our EW count, which increases our confidence in Bitcoin\u2019s next move. Back in September 2023, NCTs were just a little bit more long than currently, but it marked a great low and the start of a powerful rally: the 3rd<\/sup> of a 3rd<\/sup> wave. Besides, it is worth noting that the NCT had acquired a significant net short position just before the November 2024 elections, which played out well given the current three-month-long ~33% correction.<\/p>\n But it took over two months before they were proven right, and thus this data does not tell us when a move will happen or how far and long it will take. We need the EW and, for example, a forward offset GMS for that. Our multi-method approach sets us apart from most EW-based pundits, increasing our odds of providing accurate and reliable forecasts. Besides, we now have an additional line of evidence pointing towards a rally instead of a crash contingent on Bitcoin holding above at least $69,000.<\/p>\n *Used with permission from <\/em>McClellan Financial Publications<\/em><\/strong><\/p>\n<\/div>\n [ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":" [ad_1] Figure 2. Bitcoin Future\u2019s price (black) and Non-commercial Traders Positioning (red) since May 2021.Like GMS, we find good alignment with non-commercial traders\u2019 Bitcoin Futures positioning and our EW count, which increases our confidence in Bitcoin\u2019s next move. Back in September 2023, NCTs were just a little bit more long than currently, but it marked a great low and the start of a powerful rally: the 3rd of a 3rd wave. Besides, it is worth noting that the NCT had acquired a significant net short position just before the November 2024 elections, which played out well given the current three-month-long ~33% correction. But it took over two months before they were proven right, and thus this data does not tell us when a move will happen or how far and long it will take. We need the EW and, for example, a forward offset GMS for that. Our multi-method approach sets us apart from most EW-based pundits, increasing our odds of providing accurate and reliable forecasts. Besides, we now have an additional line of evidence pointing towards a rally instead of a crash contingent on Bitcoin holding above at least $69,000. *Used with permission from McClellan Financial Publications [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":43884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-43883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/43883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=43883"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/43883\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/43884"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=43883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=43883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=43883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}