Looks like I'm a get a good Birthday Present! 128 Period crossing the 200 period on the 3-day time frame around next Friday!
We will have a lot to be thankful for!
The final Bull Market Nail!
HO HO HO!
GBTC
BTC - Same Chart Different Day - Accumulate HereThis is literally the same chart I posted last week. Price is following the Gaussian Channel midline.
Gaussian Channel has held for 2 weeks, so I consider the TREND INTACT.
Fractal is not exact.
Orange arrow line is 200SMA predication line. Watch for price to cross above this line.
Yesterday, the spike in price was stopped by the 4HR - 50SMA before crossing the other MA's.
For this reason we are very close, and making the turn in the channel, I feel by New Years will be climbing higher toward halving.
New Years will also be closer to recession, which I feel is immenant. The 2YR/10YR yield inversion has 100% SUCCESS RECORD IN PREDICTING THE LAST 7 RECESSIONS, where recession happens within 12 months.
"The ‘mother of all bubbles’ could blow up the economy if profits don’t improve"
www.marketwatch.com
That RED trend-line "isn't one"I see everyone selling the narrative that we are still in some downtrend and this is a large descending triangle playing out.
Don't get duped!
The bottom is in!
Keep Stacking SAT's
BTC - Bullish Breakout on the 1HR - HODL ONLooks like this 1HR Candle will get Gaussian Channel to turn green.
Need to watch further, but the turn on Daily chart around Gaussian Channel will carry us into halving and complete the current pennant formation.
I am seeing a wide upper range here where we could go 12k and possibly retest 19k ATH at halving.
If we see continuation on the 4HR chart Gaussian Channel to turn green, I will increase my bullish bias around the turn.
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 and short SPY.
BTC - Short Term Bearish 4HR - Long Term BullishWe just turned red on Gaussian Channel on 4 Hour.
We might get bearish over next few days. Excellent entry in BUY ZONE green box.
We may get slightly outside Gaussian Channel. If we do, watch RSI for getting to 30 for strong rebound to enter for long position.
200SMA is going to get lower right around the same time we look to be scheduled to turn the Gaussian Channel.
We should be seeing increased volume, RSI increase, turn on Gaussian Channel, and rise above 200SMA for confirmation.
"institutions are now net long 880 BTC contracts, compared to 660 BTC the previous week, as short positions have fallen because institutions are likely expecting a breakout in the upward direction."
Source - 22 hours ago - www.newsbtc.com
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 and short SPY.
BTC Halving's - Past and Future - From Outter SpaceIf we take today's price $8800 and use 49X = $431,200
If we assume BTC halving’s produce less returns by half, we still get roughly 24X from today until December 2021 peak (2 YEARS PEOPLE) - $8800 x 24 = $211,200 which has high correlation to the chart shown and stock to flow (which is 99.6% correlated to BTC price).
WE ARE SOOOOO EARLY PEOPLE.
I’ll say it again, if you need to pay rent then sell your BTC depending on your issue.
If you want to buy a house and stop paying rent, buy and hold. Use averaging for best price.
Please go to dcabtc.com for a BTC dollar cost averaging calculator which compares BTC to other assets. You will see that BTC still has the most positive returns despite any short-term volatility.
Everyone needs to have a reserve of cash. I fluctuate between 10-30% and BUY THE DIPS.
Go talk to someone like Tim Draper - "Even during 2017’s market run-up, which sent Bitcoin to $20,000, he didn’t sell his stack for fiat. "
Draper "purchasing 29,656 coins at $632 apiece — $14 above the going rate on spot exchanges. In all, he spent $18.74 million on Bitcoin."
Maybe Draper sees the bigger picture, or some TradingView members are just too shortsighted to see the larger picture.
Which are you?
Source - www.newsbtc.com
Stock to Flow Comparison Fractal Study...Alex Kruger posted a twitter post that Bitcoin is failing as a sound money narrative as people maybe don't care.
I disagree, I think Gold as a sound money narrative is somewhat flawed.
With a Jewelry store on every corner and not knowing how much Gold central banks and Governments have
WE THE PEOPLE are in the dark as to the real STOCK of gold. Not to mention is being held by a few central entities where's the liquidity if everyone wants out at the same time?
In my lifetime there was only once that Gold was a profitable buy. Especially Physical Gold has costed more transactionally to get in and out of than it was worth to deal with and when is the last time you could purchase anything with a Gold bar? Not in my lifetime.
That's what Makes Bitcoin the most valuable ledger on the planet. We the people can run a node! Validate the transactions! Have true 100% Transparency of monetary policy! Have control of our own wealth in a borderless, unconfiscatable, censorship resistant way. The value of Truth is the value of Bitcoin! We haven't had an Audit and will never have an audit of fiat or Gold. Not to mention you can fake Gold, Plate Gold, Mix Gold, you can't fake Bitcoin!
Taking the last 2 halvings and using the stock to flow chart and basing off past fractals while reducing % increase the best guess would be a 250k BTC around late 2021... With the usual 85% correction in the market bringing Bitcoin back down to earth for refuel somewhere in the 37k range over the next couple of years proceeding. Then 5th Halving Stock to flow exceeds that of gold and you have a 1 Million BTC around 2025-27...
BTC Market Update Brought to you by Barry White... Or a sick BitFink!
Either way STACK SAT's & BTFD!
BTC - Fib Retracment and PlanB Responds to Flaws in S2F ModelTwo possible Fib Retracements here. Chart shows most recent high Fib Retracement.
Using 2nd previous high, we are resting on 0.382 retracement.
I do NOT see us going outside the Gaussian Channel. I will be adding anywhere in the bottom of the channel.
PlanB Responds to Flaws in Stock to Flow Model - www.youtube.com
Basically has another quant try to prove him wrong and can't. Then another quant tries to prove quant#1 wrong and can't.
Articulate, professional, logic based explanation from someone humbly and skeptically trying to not over exaggerate the model due to high price finds the highest price model most accurate and uncrackable.
THE BEST PODCAST I'VE HEARD THIS MONTH. - MAYBE NOT TODAY....BUT WE ARE DEFINITELY GOING UP
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 and short SPY.
Nice Divergence on that Dip! Missed it myself!
Laid up sick in bed with Satan himself living in my chest!
These prices are a Bargain!
Think about Christmas 2021-2022!
PATIENCE!
WAX ON WAX OFF!
Positional traders will beat Swing, Day, & Leverage Traders and enjoy a less stress-filled life!
LIFESTYLE TRADE!
Using 12 screens does not make you a better trader!
Entry and Exits do!
We are in the trough! Anything under last ATH is cheap!
The right asset sure helps and Bitcoin is the right deflationary asset!
STACK SATS!
Cup and Handle Still in PlayLooks like Fib Levels match up to completion of Cup and Handle.
Need to see a breakout above neckline of pattern for confirmation.
Gaussian Channel very close to turning Bullish on Daily.
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 and short SPY.
There's 30 more Bitcoin Halving's left .... Before every coin is mined 120 years from now!
This is the 3rd!
We just started!
I am not going anywhere!
MARA - Flashing BUY Signal on DailyMARA finally flashed a BUY for today's Daily candle.
The downward trend reached the bottom wedge line and turned like it should.
All indicators are turning Bullish.
Trade this stock carefully. It gives great returns in short time, but goes down quick. Timing is everything here.
If you get up 50%, 100%, then get out. Otherwise, you are risking giving back profits.
MARA follows spikes in BTC prices. If BTC price spikes, I suggest looking to take profits or see if BTC move will be extended for further MARA gains.
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 and short SPY.
Bullish Guassian Channel - 1HR, 4HR, and coming to DailyAll lower time frames are BULLISH.
Medium time frames are all BULLISH.
Only Daily needs Gaussian Channel to turn green for confirmation of continued uptrend.
Close above $9586 looks to be outside Daily channel, causing Gaussian Channel to turn green (BULLISH).
If we get a full candle open and close above $9586 in next few days, we are setup for daily and weekly bullish trend. :)
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 and short SPY.
1HR Bullish - 4HR Turning BullishEverything lining up to be Bullish on 1HR and 4HR charts.
Bullish EMA Cross, bullish Wycoff Trend, and Bullish RSI divergence on 1HR. This should carry to the 4HR chart, and thus to the Daily.
Weekly and monthly trend is BULLISH.
If we close around today's highs, we may get a bullish hammer which should continue the uptrend.
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 and short SPY.
WHAT KIND OF WIZARDRY IS THIS!!!!!!!!!! For those waiting to buy when the CME's close, well they did that in style!
This is why you don't get too greedy on either end of a market cycle.
DCA BTC is the best option because sometimes tomorrow never comes.
Or like a thief in the night, your hopes and dreams go down the toilet and you get left behind only to FOMO later while you watch a market drive to your targets!
LONG TERM BULL TREND UPON US! The 50 week crossing the 128 week SMA!
Resembles last go around.
It's just going to take one whale to SLAP THAT ASK
and that shows on the road!
MARA - From Outter SpaceSee below for 1st Chart in this series (Close Up View).
MARA ( Marathon Patent Group ) mirrors bitcoin price runs. Options or stock are cheap and profitable if timed correctly.
I see this going to $2.50+. It will be quick and short lived.
Last run up there were two entries to gain 50% and another 60% after first peak decline.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not an advisor.
Disclosure - I am long MARA, GBTC , BTCUSD , GDX , VIXY and short SPY .
2nd Chart from First Post Today -
