Indeed BTC did wake up before the end of what is considered the 'worst month'. Despite the 'September FUD' we decided to stick to our chart which had indicated the price was at the lower end of the massive channel. As usual, the chart wins!
Just to put things into clarity, the price has just broken OVER the channel, today! This means that we now have the channel as support at 35953$
2. Now let's go back to November 10, 2022 🌎 Bitcoin at 17200 and I came out stating that 'Bitcoin will Prevail'
''The Do Kwons and the Sam Bankmans will evaporate, just like comets have an expiry date. Comets end up being dust. No matter how much damage they can achieve, Bitcoin will stand strong.''
3. The 18k breakout 💹 My TA is probably a renewed way to look at charts. Many ask me why i don't use much of indicators and/or other tools and why i stand my ground defending 'trend-lines'. Well allow me to say i do use them but not as much. Take as look at this entry at 18k and know that most 'indicators' were showing overbought status: Not to mention the fundamentals (that's another story for another post but let me add that Fed rates were coming to an end/pause and the market is always 6 months ahead..maybe in Bitcoin's case 4 months ahead).
6. The FUD ep1: SEC 💼 When everyone is in panic but the chart says 'SUPPORT' i tend to be awake and share with you. Classic example is the post from Jun 15 this year amongst the SEC's attack: 'FED Up' for a 'SEC' .... 🤡 They Buy their Own Dips!! 😂🚀
7. The FUD ep2: the BBB (Big Bad Banks) 🔥 Again, when FUD arises but chart shows support don't 'think', just Buy! The Chase of Cheaper Bitcoin 🕵️♂️💰
8. The Bank Reality 💰 Fundamentally, Bitcoin will rise every time the systemic risks arise. Especially Banks. #Bitcoin if Banks go Bust (Ciao Draghi) Historical fact: There is a previous, very real very bad example of a small European nation going bust: The 2012–2013 Cypriot financial crisis. Also known as the 'Cypriot Haircut':
No insured deposit of €100,000 or less would be affected, though 47.5% of all bank deposits above €100,000 were seized. They said it was exposure to Greek debt but in reality it was an attack on Russian money being laundered in the island. (I am from Cyprus so i know first hand...my life was shattered i had to restart and I did.
Historical example 2: earlier this year Bitcoin pumped on US banks troubles.
9. The secret chart and the Big Resistance 💡 Here is one of my secret little exercises and levels: Where can #Bitcoin Go? Mind that yellow level in the middle. It could be the end (or the big breakout) very soon.
10. Satoshi and satoshis ₿ 🎂🎁🎉Happy Birthday Satoshi Nakamoto 🎉₿🎉 If you don't save Bitcoin now you might be looking for Satoshis later one. A satoshi is the smallest unit of Bitcoin currency. 1 satoshi = 0.00000001 BTC.
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