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How High Can BITCOIN go versus GOLD (sorry uncle Peter Schiff)One of the frequent topics of discussion revolves around the legitimacy of this pattern. There’s a widespread misunderstanding about the continuation type of the Head and Shoulders (H&S) pattern. Indeed, it is a valid and dependable chart pattern. Let’s explore this often-recognized chart pattern in more detail. The Head and Shoulders chart pattern can manifest as a continuation on price charts. In an uptrend, a continuation H&S will closely resemble a H&S bottom, while in a downtrend, it will look like an inverse H&S. The implications and interpretations of a continuation H&S are generally consistent with those of reversal patterns. Price targets can be established in the same manner as they are for reversal patterns. When a head and shoulders continuation forms during an uptrend, it typically breaks out to new highs once the pattern is completed. Breakouts to all-time highs from bullish continuation patterns are often reliable and robust. Edwards and Magee highlighted the H&S continuation in their book, "Technical Analysis of Stock Trends," back in the 1930s. The pattern remains largely unchanged in today’s price charts.
CRYPTO:BTCUSDLong
by BallaJi
MICROSTRATEGY a pyramid ponzi.Understanding the situation with MSTR can be quite complex. Many people recognize that MicroStrategy has been issuing convertible bonds at a 0% interest rate to purchase Bitcoin. This strategy tends to drive up both Bitcoin's price and the value of MSTR shares. As a result, the scheme appears to inflate continuously, placing the risk on bondholders. The only way for MSTR's stock price to keep rising is through the issuance of increasingly larger amounts of convertible debt; otherwise, the entire pyramid would collapse. It's understandable why Michael Saylor seems to be focusing more on shilling MSTR bonds instead of Bitcoin itself. Why would institutions invest in MSTR's convertible bonds at 0%? Many believe it's because they anticipate being able to convert these bonds into MSTR stock in five years at a predetermined price, potentially around $675, effectively giving them a premium-free call option. However, there is a hidden cost to this strategy: inflation. At first glance, this might seem like a poor investment choice—if one expects MSTR's value to rise, it would make more sense to buy the shares now rather than commit funds to a higher price in the future. Why would anyone engage in such a massive financial manoeuvre involving BILLIONS? The truth is, those purchasing the bonds are ACTUALLY indifferent to the rising stock value! Their primary interest lies in capitalizing on price fluctuations. Ultimately, a convertible bond functions as a CALL OPTION; thus, as the MSTR stock price experiences greater volatility, the premium on the call increases. Recently the value of these convertible bonds has surged by 170%. This is precisely why investors are unconcerned about interest rates or the actual conversion of the bonds—they have ZERO desire to convert! The reason? Issuing new shares would only dilute their holdings! All the rewards with none of the risks! But what happens if MSTR collapses? Bondholders will seize all the Bitcoin MSTR possesses, leaving shareholders with nothing but scraps! Can you fathom how deep this MSTR Ponzi scheme really is? The more you explore, the more mental acrobatics you need to perform to grasp the situation! Many believe that bond buyers are naive, but in reality, they are the sharpest players in the game, reaping the benefits without facing the risks! In the current climate, that’s the nature of volatility! It doesn’t matter if MSTR’s stock price fluctuates; they’re insulated from the fallout. Who do you think is betting against MSTR? It’s the bondholders, and their positions are secure! Ultimately, for someone to profit, someone else must incur a loss, and it won’t be the bondholders. This means that regular shareholders are poised for significant losses, as the primary force driving MSTR’s stock price is its own volatility. Once that volatility dissipates, we could see MSTR plummet below $100 a share! All those crypto enthusiasts will be left reeling, wondering how MSTR could possibly decline while Bitcoin’s value rises!!! What’s the main effect of these convertible bonds? They create volatility in the stock price, leading to wild swings up and down, just as we’re currently witnessing. What occurs when the volatility subsides? The stock price will plummet! Many people are misdirecting their focus on metrics, technical analysis, and listening to Michael Saylor's commentary on CNBC. Instead, they should be paying attention to the volatility of MSTR's stock price, as its decline will directly impact the stock's value. Don't be misled; even if MSTR falls below $300, it will still be overpriced and could potentially drop to under $100 per share due to the convertible bonds scheme. Claims from MSTR valuation sites that each share is backed by a certain amount of Bitcoin are misleading; the reality is that the shares are not backed by anything. The BONDHOLDERS are the ones who possess all the Bitcoin. There’s no such thing as a free lunch—someone has to bear the costs, and in MSTR's case, that burden will fall on the shareholders. You certainly don’t want to be left holding the bag when the music stops. It is important to maintain a clear perspective regarding cryptocurrencies; they should not be viewed as traditional investments, but rather as something more comparable to gambling. While you may have the advantage of being an expert poker player, the only way to truly win is to cash out your profits. Otherwise, you risk losing on MSTR and in the crypto market.
NASDAQ:MSTR
by BallaJi
24
BITCOIN - Price can little correct again and then continue riseHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago BTC started to grow inside rising channel, where it at once made correction, breaking $72300 level. Then, the price bounced from the channel's support line, broke the $72300 level again, and continued to move up in channel. Later BTC reached $93000 level, some time traded near in support area, and later broke this level too. Next, price rose to resistance line of channel, after which made correction to support level and then continued to grow. Price rose to $104100 (new ATH), but a not long time ago it made correction to support level and then started to rise. Now, I think that Bitcoin can decline a little and then continue to move up to $107500 in rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
12
BITCOIN, Where is the best zone to long?Hello Traders, welcome back to another market breakdown. Bitcoin is showing strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, The price is rejecting the Previous all-time high. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry. If the pullback holds and buying confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
BINANCE:BTCUSDLong
by BTM-LEO
8
DOGE → Consolidation ahead of rally to ATH $0.7400BINANCE:DOGEUSDT is taking advantage of the hype moment and is consolidating after a strong rally. The trigger for rally continuation is the area of 0.45 - 0.46. The coin has all chances to reach ATH Despite bitcoin speculation, a 10% drop in bitcoin, the main reason for which is profit-taking, doge continues to consolidate and does not react to the market noise. The big player interested continues to buy in the hope of continued growth. Technically, an ascending triangle is forming on the 4-hour chart and consolidation above MA-50, which indicates a rather strong interest from the buyer Resistance levels: 0.45, 0.463, 0.48 Support levels: 0.422, 0.400 Since the price is still inside the pattern, I don't exclude the possibility of retesting MA-50 or one of the key supports before further growth. But the break of the key resistance will be the reason for further rally towards ATH Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:DOGEUSDT ;) Regards R. Linda!
Long
by RLinda
47
What now Bitcoin?#bitcoin #btc price is moving in an ascending megaphone channel now. Top of the channel is located at 110 - 115K #usdt .The lower red box is the strong daily ichimoku span support zone + dEMA ribbon support zone. CRYPTOCAP:BTC price also forming a distribution schematics that matters short/ mid term holders. Touching upper red box and a price declination there will likely cause #btcusd to have a flash dump (i expect this , posted in my previous ideas). This flash dump' s strong support zone is lower red box. If #btcusdt breaks out the megaphone channel with a successful retest, then support zone will move higher and scenario will be modified. In addition, BITSTAMP:BTCUSD price is in distribution zone, avoid high leveraged margin positions and then thank me later for avoiding 10x 100x positions pals.
by naphyse
1
The cyclical nature of Bitcoin by RB Hello, dear friends!😊 I present to Your attention a weekly chart of Bitcoin, which includes price action since 2016, helping us to see a more complete picture and forecast further price behavior.👍 Today, let's focus our attention on the cyclical nature of Bitcoin . The cyclical nature of Bitcoin is a concept based on observing repetitive patterns and phases in its price dynamics. On the chart, You can see a huge ascending broadening wedge, which I marked in white 🤍. The price has been within it since 2016. 😳 At the moment, it can be assumed that the price is aiming for the upper boundary of this wedge. 🚀 Inside this wedge, I noticed a very interesting regularity, which I'm eager to share with You.❤️ For the THIRD time, every three years, after the distribution phase (marked in orange), the price follows a significant rise of 550 percent, followed by the formation of a descending wedge, which ends with the same distribution phase and subsequent rise. If we assume that this cyclicality is true and will repeat more, then by the end of this year or the beginning of the next, Bitcoin could reach $160,000.😱 🧐What do You think about this? Is this scenario realistic? What are You waiting for and what are You counting on? Share Your thoughts with me in the comments!🙏 Thanks for Your attention🫶 Always sincerely Yours, Kateryna💙💛
BITSTAMP:BTCUSDLong
by RocketBomb
14
Alikze »» BITCOIN | Wave 3 of 3 bullish super cycle scenarioAccording to the previous analysis regarding Bitcoin, it is moving in a long-term ascending channel in the monthly time frame. 💎 Currently, according to the type of behavior and movement structure, it is in wave 3 of 3 super cycles. 💎 But since 2018, after a movement cycle and a correction in the form of a three-wave to the bottom of the channel in the range of $16,000, this correction ended. 💎 After that, it started another kinetic wave, which ended in the support range of the green box of its corrective wave 2, and is currently in wave 3, which overlaps with 100% Fibo of the previous wave, which is the range of $78,000. 💎 If this current wave 4 correction wave has started, it can be reviewed according to the analysis of the previous post ( here ), which you can follow its updates by referring to that post, at the same time, this wave should not enter the territory of wave 1. The chart is specified. In that case, the post should be updated and the scenario should be checked instead. 💎 But in its super cycle, as mentioned, this wave is in wave 3 of 3, which will have the ability to reach the red box numbers of the specified supply limit and up to 1.618 fibo to the range of $369,000. 💎 Going through a full cycle of 5 waves will have the ability to reach the range of $2,700,000. Please note that these numbers are in the monthly time frame and it is natural that the time to reach these goals will certainly require more time, which should be reviewed and updated step by step. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
BITSTAMP:BTCUSDLong
by alikze
4
path to 100kgm, as we continue to consolidate and fear begins to rise, it becomes blatantly clear to me as to what is truly going on. we're clearly in a fourth wave. fourth waves are notorious for creating fear, uncertainty, and doubt. they make you question weather the trend is truly over, they bore you with sideways price action which makes you hand over your hard earned coin to the one who is re-accumulating, in preparation for the next mark-up phase. the person who is accumulating will buy everything you have to sell, 1:1. not a penny more. whenever you run out of coin to sell, the accumulator will begin the mark-up phase, and you will likely begin to fomo back into the market after awhile, which will cause an aggressive \ parabolic push up. --- this is a time for accumulation, not for capitulation. --- w5 target = 100k --- 🌙
Long
by notoriousbids
15
Creator of Shiba Inu Launches ShiroThe creator of Shiba Inu is back with Shiro, a new memecoin that's already sparking interest in the crypto community. But is it worth your attention? Here’s what we know so far: The project comes from the same team behind Shiba Inu, which adds credibility given their track record. The official website features thematic episodes exploring recent events in the crypto world, giving the project a unique narrative spin. There’s speculation that Shiro’s market cap could reach $4-5 billion in the near term, with a potential climb to $10 billion if momentum builds. Potential or risk? Shiro has all the hallmarks of a memecoin: the promise of big returns (some are talking about up to 2000% this cycle) but also the inherent risks associated with speculative assets. It could be appealing if you're open to taking a calculated gamble on something new. As always, remember: Do Your Own Research (DYOR) and invest only what you can afford to lose. The Bottom Line: For those interested in exploring memecoins, Shiro looks intriguing. You can find it on CoinMarketCap, so check out the official site to learn more and decide if it fits your strategy. Happy trading and wishing you a great year-end! BINANCE:BTCUSDT COINBASE:ETHUSD BINANCE:SHIBUSDT BINANCE:UNIUSDT
SLong
by SophiaAnderson
Bitcoin reached strong resistance 104150Bitcoin Faces Strong Resistance at $104,150: A Technical Analysis Bitcoin's recent rally has stalled as it encounters a significant resistance level at $104,150. This key resistance zone has historically proven to be a formidable obstacle for the cryptocurrency, and its current interaction with this level is closely watched by analysts and traders alike. Technical Analysis A closer look at the technical indicators reveals several factors contributing to the current price action: Relative Strength Index (RSI): The RSI, a momentum oscillator, is currently hovering around the overbought territory. This suggests that Bitcoin's recent upward momentum may be losing steam, potentially leading to a correction or consolidation phase. Moving Averages: Both the 50-day and 200-day moving averages are trending upwards, indicating a bullish long-term trend. However, the price action near the $104,150 resistance level could challenge this bullish outlook. Volume: A decline in trading volume during the recent rally could signal a loss of buying interest, further supporting the idea of a potential price correction. Potential Scenarios Breakout: If Bitcoin manages to decisively break above the $104,150 resistance level, it could trigger a significant upward move, potentially leading to new all-time highs. However, such a breakout would require strong buying pressure and sustained momentum. Consolidation: A more likely scenario is a period of consolidation as the market digests the recent gains and assesses the next directional move. During this phase, the price could fluctuate within a range, allowing technical indicators to cool off. Correction: If the selling pressure intensifies, Bitcoin could experience a correction, potentially retracing some of its recent gains. This scenario could be triggered by various factors, including negative news, profit-taking, or a broader market downturn. Conclusion Bitcoin's interaction with the $104,150 resistance level is a critical juncture. While the long-term trend remains bullish, the short-term outlook is clouded by uncertainty. Traders and investors should closely monitor the price action and technical indicators to assess the potential outcomes and adjust their strategies accordingly.
by CEOhedgefund
SOLANA LOOKING ALL TIME HIGHS - SOL LONGPrice rejected strongly from the daily demand zone after running the daily swing liquidity. This move created a 4H demand zone. Following that, we saw a break of the bearish trendline, with a retest of both the trendline and the 4H demand. I entered a position during this retest, even as BTC was aggressively dumping by over $10K, which is why I couldn’t share this idea in real time. However, I am already in this trade and targeting a bare minimum of $271 as the next level.
Long
by UA_CAPITAL