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In a post on June 17, prominent crypto strategist Astronomer (@astronomer_zero) outlined his high-conviction roadmap for Bitcoin’s next major breakout, emphasizing that timing—not just price—is the most critical factor for those still on the sidelines.
Astronomer warned Prematurely starting the leg could have a negative impact on the return-risk ratio. “Planning to buy now into BTC is expected to net you a move of over 70% in a short period of time,” He has written. “But the closer we get to those 10 weeks, confirmed with price action, the closer BTC is to breaking out.”
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He believes that Bitcoin will not break out before June 30. Any significant movement is more statistically likely to occur after this date. He calls this one of his “most important” theories. “most ancient crypto mechanics”—Bitcoin moves first, and altcoins follow.
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Astronomer’s roadmap presents an accumulation strategy with a probabilistic base. “Upon statistical analysis, the expected close before going up only is around $103k,” He has written. “Probably a good level to start getting involved. […] The expected level to be reached based on all prior signals (lowest wick) is $96k. Probably a good level to buy heavy if given. […] And finally, the expected lowest close is $90k. Probably a good level to allocate (almost) all your dry powder.”
Astronomer has a stronger focus on the timing of events than just price. “If the price doesn’t go as deep into the $90’s—which I don’t think is very likely—I expect June to close between $95-110k and not go much lower. Then I’d buy more and more the closer we get to those 10 weeks regardless of the price. Time is more important than price.”
In addition, he cited structural dynamics of the market that supported his thesis. This included a bullish position-to-perpetual-rotation: “The order books start to rotate towards green into spot, red into perps (aggressive shorts, aggressive spot buys), simply visible with the increasing spot premiums.” Adding to the signal strength is a recent weekly hash ribbon print—”one that never failed,” He made a note.
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Astronomer offered further guidance on altcoins. It advised traders to wait until the breakout, rather than attempting catch falling knives.Buying alts When BTC breaks out […] To eliminate the drawdown, and reap all of the benefits. Eliminate the drawdown to reap the rewards.
“I’m going to summarize my plan,” he says. “If I was sidelined, I’d look to buy below $103k and as much as possible as close to $90k as possible. And the closer we get to those 10 weeks, confirmed with price action, the more confident I become.”
Astronomer’s message confirms his bullish outlook, which has not changed since flipping at $18K. at least 170k+. “That is the goal.”
What about those who are still uncertain? He reminds us of the importance of being honest: “This post is indeed on the backbone of our overall bull market masterplan. Good information if you want to make money—even if you’re sidelined, holding, or want to top up your bags.”
BTC was trading at $105,094 as of press time.
Featured Image created using DALL.E and chart from TradingView.com
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Source: www.newsbtc.com
