BTC - Minor Consolidation into the DropBitcoin will need to break up and out of the descending channel in order for
a reversal.
BTC has been well correlated to 10Yr Note Yields, it no longer is performing
to the prior Analogue.
Traders are closely watching $42K, the Gap could fill @ 32,600 into February
or March - Although the CLoud appears supportive until January 31, thereafter
Price may begin to decline once again.
It will be a process of grinding up Distribution after the Failure to close over our
Price objective $69,000.
With changes coming to Regulation in 2022 it will most certainly be an interesting
year ahead for BTC.
A Panic of sorts may be underlying the Trade over the next few months, the chart
structure on Lnnger duration timeframes is weakening.
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BTC would need to close over 50,635 in order to revere the Downtrend.
BRR
Growth Cycle Analysis of USD Supply.This is not entirely about a trade, moreso a thought experiment of the future to come.
After the great 2020 coof liquidity crisis a brief and severe expansion of the monetary supply occurred in order to bail out the entire economy. This seems to be followed by an equivalent expansion rate mirrored by the 1971 expansion. The marked difference this time is that the interest rate is 0. To reign this in would require negative rates, or capital controls, AND a major collapse (which I do not think will be permitted).
BTC - Sold to Open BRR x 8We Sold 40200 and believe BTC will be Sub 30K once again into August.
Divergences and a Large chase will fail.
We will continue to press to $42000.
Regulations are coming into Fall, it will be extremely Negative for
Crypto Space.
We continue to patiently wait for ANKR to come into our Buy Targets.
We believe ANKR will be bought once it fails and consolidates, no real
rush as it will become extremely Volatile.