Hi Everyone! I've been sitting around brainstorming with some "Fundamental Analysis" regarding how the Financials, potential FIAT failure, fear of bank failure, etc... could potentially affect Bitcoin and other top 20 decentralized crypto currencies. I'm also considering how our NEW 9-Day Candle currently has the Green Line falling on October 6th in similar fashion to October 6th, 2012. It's actually quite possible for the Red RSI to continue falling to around 50 where we may see a bounce back to the upside around the 44 to 50 level for the Red RSI between mid November and early December, 2020 just before going up exponentially first quarter of 2021.
We will need to monitor indicators in time frames lower than this 9-Day time frame to determine the "odds" of similar price movement present day to October, 2012 to April, 2013 date range.
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UPDATE:
I tried an 18 minute 22 second video but it locked up when uploading. So, I'm going to fix a cup of coffee and do a LIVE Stream after my pot of coffee is complete. This may take about 10 to 15 minutes.
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UPDATE:
IMPORTANT UPDATE... Be sure to look at additional charts with comments in the description of the publication below:
Great info and ideas. I agree with the idea that we will go sideways for as long as possible. At least until Jan 2021. Sounds great to me, more time to accumulate...
Also interesting choices by Grayscale... I wonder if the coins they choose to offer are based on fundamentals researched by professionals or by demand by their clients.
It's funny a lot of the "smart" people I talk to think Trump's tax cuts just help the Uber rich not pay taxes.... Little do they understand that the Uber rich do not pay taxes on the first place...when faced with taxes they just take their business elsewhere (hedge funds are all based in the caymens)
His capital gains tax cut would really help out the middle class who do not have the resources to avoid taxes whether it be for a lack of capital, social connections, or knowledge.
I think about the global state as a crypto chart and we are currently in a fear/liquidation/wyckoff spring. Once we we bounce back so to speak it's going to be a great four years.
*aka high marketcap, high trade volume stuff they can manipulate. Low marketcap, lower volume stuff will not be very useful or interesting to the institutional scammers.
philbon
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Remember with Grayscale, they are not necessarily buying they are being lent BTC by clients.
But fundamentally all you need to know is supply is now half as much as last cycle, but is demand the same? Is it more? Of course. So the price should go up accordingly.
This is supported by ATH in network hashrate in the last few months, so marginal cost of new bitcoin production has increased, therefore the price floor at which most new supply will be sold has also increased.
RTurner090
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The problem with the logic regarding taxes is that Biden wants to do the opposite with capital gains taxes, and double it from about 20% to 40%. So by not pumping the market right now they could potentially be paying 20% instead of 20% less.
Also interesting choices by Grayscale... I wonder if the coins they choose to offer are based on fundamentals researched by professionals or by demand by their clients.
It's funny a lot of the "smart" people I talk to think Trump's tax cuts just help the Uber rich not pay taxes.... Little do they understand that the Uber rich do not pay taxes on the first place...when faced with taxes they just take their business elsewhere (hedge funds are all based in the caymens)
His capital gains tax cut would really help out the middle class who do not have the resources to avoid taxes whether it be for a lack of capital, social connections, or knowledge.
I think about the global state as a crypto chart and we are currently in a fear/liquidation/wyckoff spring. Once we we bounce back so to speak it's going to be a great four years.