The days of fiat currency are phasing out. It's over.
We are moving into a multi-polar monetary system with multiple base layers.
If you are aware of what's happening, it's time to choose where to store your wealth.
What do you want to own when we emerge on the other side of the tumultuous death of fiat?
We now have the technology to support digital wealth storage of any asset, with instant conversion to other assets, instant transfers, and no need for a trusted third party or government hand-holding.
Gold is one obvious base layer for money. Physical gold will remain a store of wealth for a long time to come.
For many years now, it has already been decided that Bitcoin is the base layer for digital money.
There will be other layers, such as tokens that claim ownership of a network, commodity, company, or other assets.
However, Gold and BTC will be the critical forms of money for humanity.
The question is, what will the journey look like? How can we enjoy it, have security, and emerge more prosperous?
We can look to charts to get an idea about the journey for the short and mid term.
I am watching these patterns:
1. An arc (green) that has been providing support since the 2021 69K top, and suggests a return to that price later this year or early 2024.
2. A range (yellow) that we can watch for a break above or below to suggest whether the next macro move will be higher or lower.
3. A broadening wedge (pink) that has held for months now, and holds the possibility of price going much lower in the months to come if the arc support does not hold.
I remain cautious in the short term, bullish in the long term. If there is a touch on the arc wall and a bounce, I will add aggressively.
Good luck and enjoy!
We are moving into a multi-polar monetary system with multiple base layers.
If you are aware of what's happening, it's time to choose where to store your wealth.
What do you want to own when we emerge on the other side of the tumultuous death of fiat?
We now have the technology to support digital wealth storage of any asset, with instant conversion to other assets, instant transfers, and no need for a trusted third party or government hand-holding.
Gold is one obvious base layer for money. Physical gold will remain a store of wealth for a long time to come.
For many years now, it has already been decided that Bitcoin is the base layer for digital money.
There will be other layers, such as tokens that claim ownership of a network, commodity, company, or other assets.
However, Gold and BTC will be the critical forms of money for humanity.
The question is, what will the journey look like? How can we enjoy it, have security, and emerge more prosperous?
We can look to charts to get an idea about the journey for the short and mid term.
I am watching these patterns:
1. An arc (green) that has been providing support since the 2021 69K top, and suggests a return to that price later this year or early 2024.
2. A range (yellow) that we can watch for a break above or below to suggest whether the next macro move will be higher or lower.
3. A broadening wedge (pink) that has held for months now, and holds the possibility of price going much lower in the months to come if the arc support does not hold.
I remain cautious in the short term, bullish in the long term. If there is a touch on the arc wall and a bounce, I will add aggressively.
Good luck and enjoy!
Trade active:
We got a perfect touch and small bounce on the arc wall.
This was exactly my condition to add long!
If I were trading, I would go long and set a stop loss at the arc wall around $25800.
My highest probability case from here is a rip up to $35K, the top of the rising resistance of the broadening wedge.
This was exactly my condition to add long!
If I were trading, I would go long and set a stop loss at the arc wall around $25800.
My highest probability case from here is a rip up to $35K, the top of the rising resistance of the broadening wedge.
