Bitcoin (BTC) has seen a strong rally in the past 24 hours, reaching a new all-time high of **$28,456.00** per coin¹. The leading cryptocurrency has increased by **5.28%** in the past day and by **7.0%** in the past week, outperforming most of its peers². Bitcoin has also reclaimed its **50% market dominance** for the first time since 2021, indicating its strength...
Sometime in early Q2 of 2024 the Bitcoin network will experience it's fourth supply cut,
Economically I am seeing rapid cooldown of inflation with month over month inflation currently sitting at -0.10 month over month
5 year forward expectation rate of inflation as of today is currently sitting at 2.16 only 16 basis points away from 2% target
in my opinion...
Here we can see the PI cycle top flashed early much like 2013
In 2013 it was April fools day when BTC started its correction
BTC reached the Center point of logarithmic regression around July 1
This correction was only 3 months in length
I do see a similar pattern here, If this plays out like the super cycle in 2013
then my personal targets are:
Here you can see I am a slow and patient bear who ate his oatmeal and slept away Q4 & Q1 For all the stores were bear as well, So I bought moar oatmeal.
DXY looks like oatmeal
Not that I know anything ser's........ I like oatmeal
Me can only buy me oatmeal with DXY
Not really feeling like explaining this........I'm sure me shall be shamed for loving me oatmeal...
Summer is hot, And the bubble just popped!
Sit back and enjoy the ride!
Great things come to those who wait!
After breaking the symmetrical contracting triangle
It's certainly text book
To retrace to the lower quadrant of that triangle before next run
Minimum retrace acceptable for me is 9.5k around the 0.382
Maximum retrace speculated to be around 7k at the 0.236
Bear Market Confirmed
Symmetrical contracting triangle on the weekly, broke out, retraced and initiated bull market,
PI Cycle top was April 11th signaling the end of bull market, this occurred during a massive ascending wedge.
Currently what I see is a massive head and shoulders on the weekly.
Combined with Metcalfe law fair value at around 8k range on the...
Here we can see Bitcoin at critical resistance back below the critical resistance in January of 2021 where we seen a minor correction if Bitcoin continues up from here the highest probable level that I could see is the point 382 on the Fibonacci sequence thus I would expect Bitcoin to have major resistance there around 43,333 and that's only if Bitcoin continues...
Please share your thoughts and opinions. If you have any questions please feel free to ask.
Above is my projected estimation of the next Bull Market.
I will be executing a buy on or around March 26th 2020
From that buy I will be Holding my Buy until October 13th 2020 (TBD By Future Analysis)
Stop Loss will be set at or around $4,200
Take Profit $18,000 (TBD By...
Here we can see the Bitcoin golden ratio sitting around 6.3 k on the weekly time frame which also lines up with the 200 moving average. It's important to also note that we do have a looming death cross currently in play and if this death cross plays out over the medium to longer term we could certainly in my opinion see Bitcoin test the 200 moving average to put...
As we move into the month of September we can see that Bitcoin is on the verge of entering a bear market will this happen today probably not but still possible I do believe this death cross will complete within this week if we do enter a bear market it could also be a very short-lived bear market ultimately pushing the death cross back up into a golden cross which...
Over the past three days I have watched the lower timeframes and have witnessed TD sequential flash a 9 on the 1hr all the way to now, The daily chart, what we have here is a double top on BTC at 11,463.27 and a 9 on TD sequential 😂
Gap fill at 9.7k, Not financial advice, Do your own research
Currently the BTC1! futures weekly candle is soon to close, It is important to note that it is currently a holiday weekend.
The 12 EMA is currently below the 100 EMA for the first time since December 2018
Last time this occurred, BTC experienced a 50-60% drop
BTC is currently up 100% from the March 12th capitulation bottom......Will BTC capitulate again to retest...