Unhosted Weekly #58 - November 17th

A pivotal week for the market ๐Ÿ“Š

๐Ÿ”’ Roughly 95% of all Bitcoin is already mined โ€” thatโ€™s 19.95M BTC locked in, only 2.05M $BTC remains unminted

๐Ÿš€ Global M&A is on track for its second-best year ever, powered by the AI boom

๐Ÿ’ฐ If you threw $100 in every time someone declared $BTC dead, youโ€™d be sitting on $98M today

๐Ÿ“‰ Digital asset ETPs just bled $2B last week โ€” the biggest weekly outflow since February

๐Ÿ•ฐ๏ธ Markets are now pricing in a 45.8% shot at a Fed rate cut in December

๐Ÿ“‰ The Weekly Close Everyone Pretended Would Never Happen

The market finally printed something nobody wanted to look at for months. A weekly close under the 50 week moving average. Traders spent weeks chanting that it would hold, and then reality politely tapped everyone on the shoulder.

This breakdown comes with context, patterns, and things to watch without drifting into predictions or hopium.

๐Ÿ“ก Why The 50 Week Average Still Matters

Across every post halving year, losing this line has usually meant the trend is weakening. It tends to be the moment when the hype fades and the math stops caring about anyoneโ€™s feelings.

Even so, the story is not straightforward.

In 2019 the price slipped below, then instantly snapped back like nothing happened. That bounce turned into a real rally before momentum died again. So a single weekly close is not a verdict. A second close carries more weight.

The actual takeaway:
One close is a warning. Two closes are a message.

โณ Late Cycle Energy Is In The Air

This break hits differently because of timing.

1. The calendar is not on anyoneโ€™s side
Q4 in post halving years is historically where tops form. Not guaranteed but ignoring it has never helped anyone.

2. The lack of mania is obvious
No euphoria, no hysteria, no top signals firing. The market basically walked into a top like it was half asleep. More 2019 than 2021.

3. Apathy tops behave differently
Drawdowns after apathetic peaks tend to be strange. Not as violent as euphoria tops but also harder to trade because nobody is emotionally invested.

4. Death cross noise
Death crosses often mark local lows. At cycle ends they sometimes mark the point where everyone waits for a bounce that never comes. Until it eventually shows up later and forms a lower high.

Weekly indicators have flipped bearish (monthly EMAโ€™s are still showing a buy signal)

๐Ÿ“ˆ What History Suggests Comes Next

These are patterns not predictions.

A. A bounce toward the 200 day

Every cycle that lost the 50 week eventually revisited the 200 day. Sometimes even pushed above it before fading again. The 200 day often acts like a magnet during these phases.

B. A fast bounce if this was a fakeout

Every death cross this cycle put in a local low within days.
If the market is still healthy it usually shows its hand quickly.

Which means the next few days matter.
Lingering at lows all week has not been a bullish signal historically.

C. A 2019 style mid cycle drop

Apathy top. Moderate drawdown. No dramatic blow off.
A retrace toward the long term averages without wiping out the entire market.

It has happened before.

๐Ÿ“Š A Realistic Look At The Cycle Structure

There is a scenario where both bulls and bears feel smug at the same time.

The market can reset without collapsing.
It can correct without producing a 2018 style crater.
It can revisit long term averages and still rebuild strength later.

Cycles do not need fireworks to end. And they do not need disasters to restart.

Right now the reaction to the moving averages matters more than opinions.

๐Ÿ›  Actionable Insights To Watch

These are signals to track not instructions.

โ€ข Second weekly close under the 50 week is the big one
That is the real confirmation level historically.

โ€ข Monitor how fast any bounce forms after the death cross
Speed matters. Healthy markets react quickly.

โ€ข Keep an eye on the gap to the 200 day and 200 week
They often act as gravitational points during resets.

โ€ข Compare sentiment to 2019 instead of 2021
The crowd feels bored not euphoric. That changes how tops behave.

โ€ข Treat Q4 as a critical period
History shows it rarely passes quietly.

๐Ÿงฉ Final Thoughts

Nothing here is a guarantee and nobody knows the future no matter how confident they sound on social media. But weekly closes under the 50 week have never been irrelevant, especially this far into a cycle.

The next few days will show if this was a real breakdown or a classic fakeout. The second weekly close is the one to watch. And the long term averages will guide the next major reaction.

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