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BTC - BUY HERE! - Ready to get BULLISH!Price stopped right at the bottom of the Gaussian Channel. Hmmm....funny how that happens. This is the Loading Zone people. Buy this dip! We might hang around here for a few days but anything $8100 or less and you will thank me later. I have a feeling that SP500 and most equities are going to have a pullback right around same time BTC runs up.....Merry Christmas :) The statement below from a man wiser than myself confirms SP500 is going down, and BTC is just getting started. John Templeton - “Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria,” he said. “The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
COINBASE:BTCUSDLong
by MoneyPatterns
2
The It's different this time line! Bitcoin is so chartable due to sound economic policy! Deflationary in nature! Profitable to mine for the next 120 years! There are only 3 types of people that truly believe this "going to zero narratives" 1 # The Economically Uninformed 2 # Scammers 3 # Those who are mad at Bitcoin because they either went all-in @ 20k or lost it all in ALTcoin flipping or high leverage trading. If you study this network at all alongside any short study into economics and pull that piece of toilet paper out of your wallet and explain to me with any reasonable argument why it has any value other than one's belief in it. And how you can trust the Ponzi of Fractional Reserve / Privately Owned (un-auditable) Federal Reserve Banking cartel more than you do a limited supply transparent open-source network that the Government cannot stop you from sending across the globe in a matter of minutes for pennies! It's beyond me how anyone can't see the mind-blowing power change that's right before our eyes and we are apart of it! Viva la Revolution!
BNC:BLXLong
by ChARTs1440
7
DJIA - From Outter Space - Does it look like we need a pullback?Follow up to chart - DJIA - "Dow Jones Overbought, President Race 2021, Bitcoin" DJIA looks primed for a pullback anytime now. If we get a pullback, with the current global and domestic fiscal uncertainty, with Bitcoin halving....we may see a decent run up. I also recommend Gold in both physical and stock, shorting SPY or buying Puts, and shorting/puts on other securities when the decline occurs. Some people like Tom Lee (Fundstrat) think BTC is risk on when SP500 is all time high. I personally think that countries like Argentina and Zimbabwe found huge runs in price and premium when the reserve currency became destabilized. When bitcoin goes through next halving in May 2020, it will become more deflationary that the dollar. When this happens it will pull other revenues as it becomes a better store of value. In less than 10 years, Bitcoin will be more deflationary that Gold. When this happens, while the market cap increases, we will see interesting price increases. If you look really far forward, you can skate to where the puck WILL be. Not where it is going. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
TVC:DJIShort
by MoneyPatterns
BTC - Bitcoin Loading Zone - $7900 to $8600 OR December 1stBased on my technical analysis we are in a loading zone until December 1st or price crosses Gaussian Channel midline. I consider anywhere from $7900 to $8600 an excellent long entry point. If RSI goes to anywhere around 30 on the Daily, this is a excellent buy point given our current price. The farther price gets away from Gaussian Channel midline, the stronger it whips back to center (and typically crosses). Around Oct 20 price went above upper channel boundary, indicating turn to bullish. We are seeing the retest of the center line before price crosses the midine. If we look at the larger patter on the Daily, we are still in a Bull Flag or Pennant formation. Everything is pointing to a bullish reversal here. :) Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - Long - MARA, GBTC, BTCUSD, GDX, VIXY . Short - AAPL and SPY. I will have some other short entries (Shorting or Put Options) I will be posting this week coming up for the Holidays. :)
COINBASE:BTCUSDLong
by MoneyPatterns
1
DJIA - Dow Jones Overbought, President Race 2021, BitcoinShort-Term DJIA is overbought with RSI over 75. On the Daily, we are going to see a correction in the next 4 weeks. RSI over 80 or greater and we will have a decent correction in my opinion (RSI 80+ is like December 2018 selloff). Long-Term From where price meets white line resistance in December 2018, we use same 427 Day Period. 427 from current price brings us to January 2021. January 2021 is when the outcome of the Presidential Election is confirmed - 427 Days. November 2020 is the Presidential Election. Bitcoin Correlation Bitcoin Halving (when supply is cut in half) occurs May 2020. Price normally peaks over a year after halving. December 2021 giant 10-year white wedge on chart basically has no room, while Bitcoin is peaking, and we have political uncertainty. Bitcoin and other hard assets like Gold may see a supercycle if: -government adds to $13 Trillion sovereign debt, go towards zero interest rates, and continues printing money like September 2019 with "not exactly QE $200B a month". Confirmation Multiple charts are telling the same story at around the same time. If the 2Yr/10Yr inversion holds correct (with it's 100% track record over 90 years), we have about 1 year. We should be prepared by July 2020 in my opinion at the latest. Earlier the better. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short - AAPL , SPY.
TVC:DJIShort
by MoneyPatterns
BTC - Like Groundhog Day waiting for Buy Zone From the "Same Chart Different Day" Series I've been posting. RSI stability from past charts holding from 11/8 until present (11/13 today). Despite lack of volume and sideways price movement, we see stability in price and RSI. To me, this indicates a turn or bigger move coming. BTC only trades sideways for long. Either whales are propping this up for a dump (pre-halving this doesn't make sense) or whales are re-accumulating between $7900 and $9100. Crypto Fear and Greed Index is 38 (Fear / Low) - alternative.me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
COINBASE:BTCUSDLong
by MoneyPatterns
MARA - Update - Following BTC Accumulation MARA is highly correlated to spikes in BTC price. Options are cheap and so is stock. WARNING - This stock is known to have 30%-100% gains in under a week and then massive selloff. Need to watch carefully. I have purchased stock and options in the current zone during the last dip October. I am neutral biased for movement (but long Calls and stock). If it turns down, risk is limited with smaller investment and I can jump ship. Risk - 1 Reward - Almost 4 If it turns down, risk is limited with smaller investment. Previous trendline from Nov. 5th needed to be dropped with recent minor BTC re-accumulation pattern. Very interesting how the main wedge (bottom line 4 years, top line 6+ years) lines up about 1 month before BTC halving. When BTC goes through halving, I am betting that price for both BTC and MARA should see a increase. Please trade carefully here and use limited risk. If MARA gets active, you can always PM me here for a chart update. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
NASDAQ:MARA
by MoneyPatterns
1