Only when the dynamics of S/D , Hash rate, Difficulty, UXTO expanding, do Satoshi candles appear.
Beyond the black horizon, trying to take control
See my girl, she shivers in her bones
The sun and zenith rising, trying to take us all
There's a fire between us
So where is your God?
There's a fire between us
I can't get off the carousel, I can't get...
Lets recap the bear market,
1. Retail destroyed ☑️.
2. Fraudulent exchanges shutdown prior to intuitional bank exchanges opening ☑️.
3. Bitcoin halving next year in 2024 ☑️
4. Bitcoin sitting at an all time time low on the strength index ☑️.
5. Every halving has led to a gigantic blow off top of adoption ☑️.
6. Intuitions have allocated to Bitcoin via MSTR /...
Posting this for anyone to view to see what's unfolding here, but everywhere I look I see alarm dangerous dangerous repeats of the roaring 20s on a scale larger than I could ever imagine.
I have hundreds of hours studying this ERA and although this looks great and no "Recession" what's coming is going to be much worse and change the world in a major way.
I think this is the most important macro trend to pay attention to in our economic history, I see many 1930 comparisons with 2023 saying we are at the "1931" collapse point but all economic data is pointing that we are most likely at the 1927-1928 stage and crazy enough when you compare the macro trends they make the same giant symmetrical wedge pattern.
ORDI is seen as the first BRC-20 test where the supply is 21,000,000 and the test mints were limited to 1,000.
I have experimented with this like I did with the original NFT coins, Ordinals are seen as Artifacts on the blockchain which in theory makes perfect sense. You can hardcode your own artifact to the most secure computer network in the world.
(note this is inverse meaning up = all non (btc) marketcap rising.
If you invert the BTC.D I can't deny that the bounce here is pointing to a reversal in this asset class.
Bitcoin can go to 10-20 trillion in market cap and still have a BTC.D that reverses.
The Spot BTC ETF could be starting to spawn I hate to say it but a crypto v2 boom similar to the 1920s...
What does FTX > Luna > Binance all have in common?
They have a token that has absolutely no real business model that falters then collapses unless you defend the asset backing your entire operation.
Binance's entire operation > force Eth high fees > layer two's > hold off on lightning adoption > coin listers pay Binance a fee to list their "Solution tokens"...
I see the pattern do you?
Big Bear + Big Bull
Small Bear + Small Bull
Big Bear + ( most likely if history does not change big Bull).
Its only when you're halfway through the bull market does the sentiment actually shift and people start to become bullish and the leverage starts.
My guess as I'm also putting money on this is we should see around 73K...
If this breaks to the upside people aren't going to comprehend what's happening.
Money Market Funds All Time High ☑
DXY strength start to revert (fall) ☑
Federal Reserve required to cut rates to save the treasury debt death spiral ☑
Inflation in the meantime (contained) ☑
Noticing FOMO from people in TradFi + Retail start to pick up ☑
Record number of ETF's...
I have posted a chart back in May when I was seeing Ethereum & Binance Chain deteriorate, it looks like the final supports are being tested meaning once these are gone the foundation is completely gone.
The Ethereum supply has become inflationary due to the incentive to "Stake" Ethereum so the question is always true. Where does the Yield come from?. (New users...
Factors listed below
Binance losing card deposits / bank transfers has cut the entire liquidity off that binance was using to "market" to new people
Binance: Hot Wallet 20 10,977,123.66058318 BNB 45.43435845%
Binance: SAFU Wallet 1,364,102.15161748 BNB 5.64602423%
The rest of the holders of "BNB" are 400+ accounts holding very similar amounts under the...
People pricing the market based on "Market Cap" on a new asset class that cannot be valued properly by a "Market Cap" need to check their models, I'm even more convinced something big will happen in 2024 as most Twitter comments (I've read thousands) are waiting for a 2025 (bull market) and think its completely out of the possibilities for the prices I have...
I have been critical on Ethereum due to a terrible fee model, yield coming from nowhere, countless fraudulent ecosystems run on it.
But Ethereum seems to be getting Spot ETF interest from institutions? they're not stupid and my only guess is they want majority control (consensus) over a network in the future and you cannot do this on Bitcoin.
Just as Bitcoin...
Both adhere to the patterns of mass adoption cycles, culminating in a conclusive phase of secular adoption.
Bitcoin is now in the Z phase and moving much faster than Gold due to instant allocation ability globally.
Welcome to the Z, how high this goes before a cooling off period like gold in 82-02? we're about to find out.
Three patterns, three possibilities
Regardless same direction.
Welcome to the last cycle of Bitcoin, remember it while you can.
Once institutional adoption is facilitated through spot ETFs, there will be no more significant drawdowns, and there will be no more large parabolic runs, as we have experienced for the last times.
Anticipate the culmination of a...
Taking a break on this, but still traditional finance institutions refuse to release the data they have on the supply situation on Bitcoin meaning there's a big multiplier on every $1 that enters Bitcoin.
I always do Fundamentals on-chain before drawing macro trends on anything, Bitcoin would have to be the best asset for this as we can see everything...
Up coming Federal Reserve meeting, there's still underlying inflation in the USA but the amount of interest on debt + Japan buying US debt while their currency is almost completely free falling.
Would be one of the worst fiscal policy disasters since 2009.
Looking at Japan's society they're completely clueless of how close they are to blowing up.
I've been watching PYPL for the last year completely free fall out of logic.
1. I don't think PayPal is going bankrupt as they have 435,000,000 Active Accounts
2. They've been hit with the DeFi Fear selling resorting to testing out Ethereum.
3. They're now realizing Ethereum is garbage and makes zero sense meaning PayPal is closer to turning out and adopting a...