BTC - Leading into the end of the year - 2023
Saturday 12th August 2023
Monthly Chart
Take note crypto pirate heads, we are on a green TD8.
The candle is green so far just above the short MA.
So we could be up for 1 more month of upside, if any? Then a 1 to 4 correction leading into the end of the year, which is what we encountered in 2019, and similar downturns leading into the end of the year in 2014 and 2018.
The halving is now estimated to occur on the 5th April 2024.
So this is sort of playing out as in previous halving's where there is a bit of a downturn, or choppy mostly sideways action before BTC rips. So, could we be seeing a similar sequence of events here? Time will tell.
But also be aware of macro market events worldwide, could also have a impact on BTC price. September / October 2023 will be interesting to see what happens with stocks and bonds and how it impacts BTC price.
We may get some more juicy entry points that others may not anticipate, or we could see complete decoupling of BTC price action compared to fiat systems.
If you bought in Feb this year when the blue hash ribbon signal flashed a buy, you are sitting pretty good at this point, well positioned for the next halving / post halving rocket.
Time will tell.
In AUD terms we are currently sitting at $45,260. We could see price move up to circa $46,966 to $48,579 before we see the 1 to 4 correction or we could just continue to chop sideways. It will be interesting to see if we get sub $33,707 AUD.
Happy sailing crypto pirates!
f.govt, f.society f.banksters f.police
Snake Plissken is clockin out.
Monthly Chart
Take note crypto pirate heads, we are on a green TD8.
The candle is green so far just above the short MA.
So we could be up for 1 more month of upside, if any? Then a 1 to 4 correction leading into the end of the year, which is what we encountered in 2019, and similar downturns leading into the end of the year in 2014 and 2018.
The halving is now estimated to occur on the 5th April 2024.
So this is sort of playing out as in previous halving's where there is a bit of a downturn, or choppy mostly sideways action before BTC rips. So, could we be seeing a similar sequence of events here? Time will tell.
But also be aware of macro market events worldwide, could also have a impact on BTC price. September / October 2023 will be interesting to see what happens with stocks and bonds and how it impacts BTC price.
We may get some more juicy entry points that others may not anticipate, or we could see complete decoupling of BTC price action compared to fiat systems.
If you bought in Feb this year when the blue hash ribbon signal flashed a buy, you are sitting pretty good at this point, well positioned for the next halving / post halving rocket.
Time will tell.
In AUD terms we are currently sitting at $45,260. We could see price move up to circa $46,966 to $48,579 before we see the 1 to 4 correction or we could just continue to chop sideways. It will be interesting to see if we get sub $33,707 AUD.
Happy sailing crypto pirates!
f.govt, f.society f.banksters f.police
Snake Plissken is clockin out.
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