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the final count down to BTC bottomHello to all, been tinkering with this idea for a bit now to how it might play out. Looking to top out on the rising channel at 51850 ish where it intersects with purple line (expanding wedge) get rejection, break down out of rising channel with measured move to 3937i ish, bounce up to resistance line at 43968 ish, create the right shoulder, then down to the bottom expanding wedge line at 32175 ish, once we break bottom of expanding wedge, we have a measured move down to 9326 ish, or just complete the ABC correction at 13478 ish, obviously NFA just a thought how might play out and areas to watch. Happy on feed back, obviously where we finish on certain moves will decide where we end up this is just a basic map of how we may get there, cheers Matty Surfbeach73
BITSTAMP:BTCUSD
by surfbeach73
Nasdaq100; Dump it!!Aside from a total U.S. Market Capitalization that is now in excess of 260% of U.S. GDP (the historic norm, not the low, being 78%!) ... ... and a Doubly Exponential; f(x)=a^(b^x), Central Bank(s) push in equities , up to this point, ... ... and the leverage in the system (U.S. equity markets) now easily the eclipsing all previous records, by any measure, not just in absolute terms!; www.hussmanfunds.com ... and since the current SPAC mania is identical to the South Sea Bubble, in as much as: "Let them see not what they do!" , ... and since the total Market Cap of the top 1500 companies, that were unprofitable for each of the past 3 years, now exceeds $2.5 Trillion, ... and because of charts like these; www.hussmanfunds.com ... and; www.hussmanfunds.com ... and; www.hussmanfunds.com ... youtu.be ... there are numerous (too many to list) other leading-, as well as coincident-indicators which would all suggest that being long here is very unlikely to turn out well. Such as; The valuation of Bitcoin now equates one-fifth (20%) of the entire U.S. Monetary Base ; ... and; ... and; from this post; ... and so on.
CME_MINI:NQ1!
by Nemo_Confidat
15
BITCOIN Bear Market ContinuesWhen looking at the VPVR it looks like we definitely hit that $3-4k area again. The price action in 2019 was not that of a bull market, nor is it now. In my view we are still in a bear market and I believe the whole stock market crash / Carona scare is coincidence / not cause and effect necessarily. I plan on buying spot bitcoin in the $3,000's all the way down to $2,600 for long term buys. This is not financial advice, for educational purposes only and to log my trading over time as I progress. $2615 is where we started the irrational bullish move so I expect a retrace to this level. looks like the breakdown today was the last chance for the bulls:
BITSTAMP:BTCUSDShort
by mattgetsbarreled