NASDAQ & bitcoin On The Verge Of A Potential MAJOR COLLAPSE
It is in my humble opinion that the Nasdaq appears to have completed its cycle that began at the low in 2002. The projected potential target would be approximately within the zone of the prior wave 4/red dotted line within the symmetrical triangle.
At this current time of posting there appears to be an inverse exotic dragon pattern as well. The Head and potential target are in the same zone as the prior wave marked 4 in green and the suggested potential target within the symmetrical triangle and red dotted line.
In my humble opinion....
All The Best
Comment:
Interesting article: I'll quote an interesting part in it.
I'll quote a part of an interesting article: Analyst Who Called Bitcoin's Pre-Halving Rally to $70K Turns Bearish
Apr 16, 2024
"The analyst who predicted bitcoin’s {{BTC}} bottom in November 2022 and the recent pre-halving surge to record highs has turned bearish on risk assets, including technology stocks and cryptocurrencies.
“Our growing concern is that risk assets (stocks and crypto) are teetering on the edge of a significant price correction. The primary trigger is the unexpected and persistent inflation. With the bond market now projecting less than three cuts and 10-year Treasury Yields surpassing 4.50%, we may have arrived at a crucial tipping point for risk assets,” Markus Thielen, founder of 10X Research, said in a note to clients Tuesday.
“We sold all our tech stocks last night (at the open) as the Nasdaq is trading very poorly and reacting to the higher bond yield. We only hold a few high-conviction crypto coins. Overall, we are bearish risk assets (stocks + crypto).” Thielen added."
Now isn't that interesting?
In my humble opinion...........
I'll quote a part of an interesting article: Analyst Who Called Bitcoin's Pre-Halving Rally to $70K Turns Bearish
Apr 16, 2024
"The analyst who predicted bitcoin’s {{BTC}} bottom in November 2022 and the recent pre-halving surge to record highs has turned bearish on risk assets, including technology stocks and cryptocurrencies.
“Our growing concern is that risk assets (stocks and crypto) are teetering on the edge of a significant price correction. The primary trigger is the unexpected and persistent inflation. With the bond market now projecting less than three cuts and 10-year Treasury Yields surpassing 4.50%, we may have arrived at a crucial tipping point for risk assets,” Markus Thielen, founder of 10X Research, said in a note to clients Tuesday.
“We sold all our tech stocks last night (at the open) as the Nasdaq is trading very poorly and reacting to the higher bond yield. We only hold a few high-conviction crypto coins. Overall, we are bearish risk assets (stocks + crypto).” Thielen added."
Now isn't that interesting?
In my humble opinion...........
Comment:
Something to ponder.
Article March 1 2024
What the Bitcoin halving means for BTC mining centralization
Quoted in parts:
The problem of centralized mining
Jesper Johansen, founder and CEO of venture capital firm Northstake, is one of the figures predicting increased volatility for BTC mining, leading to increased centralization.
"Bitcoin researcher Chris Blerc has long been sounding the alarm on centralization. As Blerc argues, centralized mining creates numerous risks for BTC, including the potential blacklisting of certain products, such as coin-joining services.
In December 2023, Blerc took to social media platform X to highlight that the two major mining pools controlled 55% of the hashing power. The top two mining pools, AntPool and Foundry USA, are both regulatory compliant and require all miners to fulfill Know Your Customer obligations — ostensibly placing control in the hands of U.S. regulators.
“We could be one chess move away from some big problems for Bitcoin. But even worse is the fact that nobody really wants to talk about it. Where’s the urgency?” asked Blerc."
end quote.
Article April 16 2024
Bitcoin halving supply shock set to shake up mining sector
Quote:
"Will centralization threaten Bitcoin as miners leave?
One of the core values of cryptocurrencies — and specifically of Bitcoin — is decentralization.
In the first years of Bitcoin, anybody with a personal computer could mine the cryptocurrency. As Bitcoin became more popular, so did the appetite for cryptocurrency miners.
As the industry evolved, several mining groups formed that allegedly threatened to centralize the Bitcoin mining industry, an aspect that would horrify its creator, Satoshi Nakamoto."
end quote.
Something to ponder, in my humble opinion.............
Article March 1 2024
What the Bitcoin halving means for BTC mining centralization
Quoted in parts:
The problem of centralized mining
Jesper Johansen, founder and CEO of venture capital firm Northstake, is one of the figures predicting increased volatility for BTC mining, leading to increased centralization.
"Bitcoin researcher Chris Blerc has long been sounding the alarm on centralization. As Blerc argues, centralized mining creates numerous risks for BTC, including the potential blacklisting of certain products, such as coin-joining services.
In December 2023, Blerc took to social media platform X to highlight that the two major mining pools controlled 55% of the hashing power. The top two mining pools, AntPool and Foundry USA, are both regulatory compliant and require all miners to fulfill Know Your Customer obligations — ostensibly placing control in the hands of U.S. regulators.
“We could be one chess move away from some big problems for Bitcoin. But even worse is the fact that nobody really wants to talk about it. Where’s the urgency?” asked Blerc."
end quote.
Article April 16 2024
Bitcoin halving supply shock set to shake up mining sector
Quote:
"Will centralization threaten Bitcoin as miners leave?
One of the core values of cryptocurrencies — and specifically of Bitcoin — is decentralization.
In the first years of Bitcoin, anybody with a personal computer could mine the cryptocurrency. As Bitcoin became more popular, so did the appetite for cryptocurrency miners.
As the industry evolved, several mining groups formed that allegedly threatened to centralize the Bitcoin mining industry, an aspect that would horrify its creator, Satoshi Nakamoto."
end quote.
Something to ponder, in my humble opinion.............
Sell Now or Stay Poor? Gold Bug Peter Schiff Tells Bitcoin Investors of ‘Last Chance’ to Drop