BTCUSD showing a very unique pattern.. lets call it the thanksgiving pattern. Happy trading all !
So the comparison of gold value vs the total liquid money stock. (M1) This M1 money supply includes coins and currency in circulation—the coins and bills that circulate in an economy that are not held by the U.S. Treasury, at the Federal Reserve Bank, or in bank vaults. Anyone holding gold, after the COVID dollar printing, basically lost an enormous amount of...
Are we going to close above the REAL ath of BTC/m2+m1 ? Money stock shows total amount of dollars in circulation, which of course have been printed like mad these last two years. So to see bitcoin break above that ATH despite all the new dollars printed, that would be a spicy close IMO. Lets see in a few weeks how it played out. More importantly, it has not yet...
Falling wedge with clear resistance at 61700ish. If we see a close above that buyers will have the upper hand again!
So, this is not a very likely scenario to play out but hey who knows? The last time marketcypher showed a green dot on the monthly was oct 2016 after which we had a year long bull run from 700USD to 20k. Whicht accounts to an increase of nearly 2800% from the monthly close till the end of that bull run. Obviously I am bullish on Bitcoin, this would be beyond...
This shows some interesting interaction with Andrews fork . We can see that last november we crossed the midline and went all the way up to 48k until plummeting down to see the midline again. After this we fuelled on forward until finally reentering the golden channel and losing the midline. After this we had a prolonged period of trying to get back into the...
As we can see bitcoin has been slowly winning agains Gold spot, to see this continue I think we may see some parabolic movement against gold. Historically gold has allways been the main non inflationairy asset, but hodlers are increasing and gold is seen as the old man option. The use case of Gold vs Bitcoin is a clear one too. Gold is a heavy block of metal,...
From here to ATH at 62k there is not much resistance left on the weekly or monthly charts. We also just broke the Macro downward trendline.. This could get SPICY.
Long time trendline about to be crushed. This could be superspicey
OMG OMG this is something else, this was seen in a vision by a good friend of mine, known as Technology.. I do hope he's Wrong but, longs going to get wrecked on this one. I am saving this just for posterity. Not original content: "dis wedding cake reversal GUYS I HAVE PAINTED A WEDDING CAKE ONTO THE CHART WITH INSPIRATION FROM THIS PRIEST THE WEDDING CAKE HAS...
Just really wanted to share this look and timestamp it. Obviously the sec just came out and said that an ETF would not be blocked, several have been approved, will be rolled out next week. Bags are filled, hope you have been stacking sats too. :) Love you all goodnight. xxx
This is going to be a historic chart, lets hope it becomes a pretty one.. Something tells me this could get very spicy . Let's look back on this in a year and cheer :)
BTC usd nice triangle formation on BTCUSD. It's currently breaking out at the moment.
The total market cap of the crypto space is looking for upside.. not far now to the ATH close at 2.4T
This could be a nice chart to look back in a few years. As we can see everything is posed for a nice double top, but the momentum we are nearing it feels more bullish than anything else. It feels a bit like october last year. But this time with the Total crypto market cap also reaching into its highs at the very same time. SPICE.
Ethereum is at a major resistance point right now, not much in the way up from here all the way up to ATH range, except for maybe 3700USD zone.
We just broke this downward trendline for the first time in months.. Obviously its only the hourly close, but if we hold it into the daily close tonight this would be majorly bullish!
Same as last october, It looks like we are leaving the 21 week EMA behind... Lets see how far we can ride this !! :)))