Michael Saylor Hasn't Bought Any Bitcoin | Spot ETFs
Updated
BlackRock is nowhere to be found... And I noticed that lately Michael Saylor hasn't been buying any Bitcoins. What to make of this information?
One way to look at the Bitcoin market from a rookie bullish perspective, is through the story that Bitcoin is strong and cannot move lower because (1) the Spot ETFs (aka. BlackRock) will buy everything and (2) Michael Saylor "bought Bitcoin."
This is a true story.
Bitcoin is still trading at $57,700.
Now, what if you are one of those Spot ETFs and MS Bought Bitcoin kind of person, how are you feeling now that these people are nowhere to be found? Does this lowers your confidence in Bitcoins ability to maintain its current price, or, are we still aiming for 100K next?
The correction is on! and has been ongoing for almost six months now. We are about to experience what traders call the final "leg down."
It is very intriguing, I can feel the suspense in the air... But we have bearish action, lower lows and normally, when you are about to experience a very strong rise everything is green, day after day. Right now I am only seeing red.
What do you make of the current situation?
Is Bitcoin going up or down?
Prepare for the crash.
We are trading the altcoins but remember, and this is very important, at first, everything can experience a very strong negative reaction but everything soon stabilises. The smaller ones will recover sooner, some will not even flinch. Others will grow... We looked at this many times through hundreds of charts.
The big ones, the giants, are going to crash together with Bitcoin. You already know about those.
The altcoins trading against Bitcoin, some are safe but prepare to hold strong for a few days.
The tether pairs are mixed. Each chart should be considered individually.
I am wishing you the best.
Once the correction is over, we will be sharing bullish charts, LONG, until late 2025.
It will be awesome.
I love you.
You are truly appreciated.
Thanks a lot for your amazing support.
I love life.
Namaste.
One way to look at the Bitcoin market from a rookie bullish perspective, is through the story that Bitcoin is strong and cannot move lower because (1) the Spot ETFs (aka. BlackRock) will buy everything and (2) Michael Saylor "bought Bitcoin."
This is a true story.
Bitcoin is still trading at $57,700.
Now, what if you are one of those Spot ETFs and MS Bought Bitcoin kind of person, how are you feeling now that these people are nowhere to be found? Does this lowers your confidence in Bitcoins ability to maintain its current price, or, are we still aiming for 100K next?
The correction is on! and has been ongoing for almost six months now. We are about to experience what traders call the final "leg down."
It is very intriguing, I can feel the suspense in the air... But we have bearish action, lower lows and normally, when you are about to experience a very strong rise everything is green, day after day. Right now I am only seeing red.
What do you make of the current situation?
Is Bitcoin going up or down?
Prepare for the crash.
We are trading the altcoins but remember, and this is very important, at first, everything can experience a very strong negative reaction but everything soon stabilises. The smaller ones will recover sooner, some will not even flinch. Others will grow... We looked at this many times through hundreds of charts.
The big ones, the giants, are going to crash together with Bitcoin. You already know about those.
The altcoins trading against Bitcoin, some are safe but prepare to hold strong for a few days.
The tether pairs are mixed. Each chart should be considered individually.
I am wishing you the best.
Once the correction is over, we will be sharing bullish charts, LONG, until late 2025.
It will be awesome.
I love you.
You are truly appreciated.
Thanks a lot for your amazing support.
I love life.
Namaste.
Note
Bitcoin is trading daily at the lowest price since the 8th of August. The lowest in almost a month. Support continues to be challenged.
This pattern can continue, lower slowly... But you know, at one point everything speeds up.
Note
🅱️ Bitcoin In September Since 2017
Let's look at how Bitcoin performs in September.
2017 (Bearish)
2018 (Bearish)
2019 (Bearish)
2020 (Bearish)
2021 (Bearish)
2022 (Bearish)
2023 (Bullish)
Note: 2020 and 2021 September closed bearish even while Bitcoin was moving within a bullish wave/bull-market.
👉 Out of 7 months, 6 closed red (bearish) and 1 closed green (bullish).
The way the monthly chart looks now, September 2024 can end up being another bearish (very bad) month.
We might then see a bounce in October but then it closes red as well and November and December and the recovery starts January 2025... I am 100% sure you are not expecting this, right?
We can have 4 months of straight up bearish action.
Namaste.
Note
The headlines today (it is still pretty early):
➖ Spot Bitcoin ETFs See Largest Outflows Since May 1, Totaling 287M
Trade active
Bitcoin's crash (capitulation) and ensuing recovery will be something similar to either 2020 or 2018.
I will publish a trade idea expanding on this topic.
The November 2018 capitulation event latest almost 5 months.
The March 2020 capitulation event, from bottom to recovery, lasted around 2.5 months.
November 2018:
March 2020:
This is what you are about to experience...
Trade active
A short-term bounce is forming now.
This is excellent for the altcoins.
Continued growth guaranteed.
Note
More than $700,000,000 USD (in USDC) was deposited into Coinbase Institutional.
They are going to buy Bitcoin or Altcoins, or both.
One time is certain, with USDC the only option is to BUY.
Think of this...
➖ When Bitcoin grows 10%, the Altcoins grow 50-70%.
➖ When Bitcoin grows 20-30%, the Altcoins grow 150-200%.
➖ When Bitcoin grows 50%, the Altcoins grow 300-500%.
Think it through for a time and consider your next move.
If you are in it for the money... You know where the potential for growth lies.
Bitcoin is for the giants.
The Altcoins are for the people. Smaller capitalization, higher potential for growth.
Bitcoin has higher capitalization and this makes it "heavier" to move.
Note
Bitcoin sideways has been activated.
Visit my profile for the latest update.
This is perfect and another positive signal for the decisions we've been taking in the past 30 days.
Everything is going perfect and we are GREEN on 100% of the choices made.
This is good and all market conditions are pointing toward the continuation of this pattern.
Imagine if we are able to remain centered until late 2025?
Note
7-10 days... "sideways."
We are still expecting the major low for this correction to hit between 17-21 September (19-September to be exact).
These dates are tricky but it can work as a map.
Note
➖ The Altcoins (vs BTC) will grow until August 2025; with huge, massive variations.
➖ The Altcoins (vs USDT) are mixed right now. Many will crash with Bitcoin while many others are already recovering (moving up/growing). There are just too many to generalize.
We have to look at each pair individual.
I am doing the maximum daily, 10. With Bitcoin's trade ideas and the major Altcoins, we can do about 200 of the smaller ones per month. So we can cover around 600 Altcoins in 3 months. That would be the limit on this platform.
I will be doing one trade-idea for each Altcoin and the trade-idea will be valid until late 2025.
You can always leave a comment with your questions.
Namaste.
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🚨 Free PREMIUM Trade-Numbers
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