Historically, Bitcoin has followed a four-year cycle tied to Bitcoin halving events, which happen approximately every 4 years. A halving event marks a 50% cut in the Bitcoin reward miners receive for mining new blocks and verifying transactions; in effect Bitcoin supply continues to increase.
Uncertainty... exhausted markets... yet we share a buy anything, up only mentality. The "everything bubble" has reached the peak of a 10 year ascent. The past seventeen months has seen humanity locked down, and in the United States, spectators have seen the most aggressive over leveraged v-shaped RALLY in history. Participants... Apes, WSBers, Crypto hodlers,...
Bitcoin has been on a bull run since the COVID-19 panic sell off in March 2020 and Bitcoin is up over 1200%. US financial indexes (DJI, SPX) have begun to pivot off all time highs, and Bitcoin has found resistance at 60K. Why the Bulls may be done The past few months price action has been sideways, and has printed what could turn into Wyckoff Distribution. ...
GME will have more first time traders turned bag holders than any other stock in 2021. It was fun, and entertaining, but valuation is valuation. Ryan Cohen will diamond hand his shares until he sells his company. The Roaring Kitty "DFV" will diamond hand his shares until Cohen sells.
Visual relating oil rallies which have been capped off by Russian invasions / war games
The Wyckoff distribution structure for AMZN (Amazon) has entered Phase D which should include continued downward pressure into Q2 of 2022. miro.medium.com
Was hoping ETH was going to reach new all time highs after the bullish action during the last 24hrs.... turns out it may have only been a UTAD test Credit crypt0jack for suggesting this one on stream tonight - www.twitch.tv
Ethereum has a history of losing 90%+ of it's ATH value during a bear market. Extended periods of consolidation (higher lows) is the next long signal
AMC may get a bounce off $10 but heading lower, targeting 2020 levels. Wait for extended consolidation patterns to enter a long.
Bitcoin has been ranging between 69 k and 30 K since May 2021. Looking for price to revisit the 30k range low within the next six months.
Bitcoin has printed an inverse H&S with target of $145,000 The 2021 EOY fractal compared to 2013 pbs.twimg.com
Been a while since I posted about Litecoin. Expect price to get rejected at the Daily 20 moving average. Here's he setup: Sep 24th, Friday - LTC looks bullish and reaches 174 Sep 25th, Saturday - Crash begins Early October - LTC completes 60% correction to 69
When the market turns bearish, and a BIG VOLATILITY move has just completed, quick swing trades can be easy and profitable. My current view of Bitcoin is that price is about to fall below 30K. HOWEVER, quick trades are abundant with so much volatility. In this case, I'm reading the 30 min chart and I expect a move to 45K is valid before a major crash. Bulls...
AMZN appears to have completed Wyckoff Distribution with a target of 2400. Wyckoff distribution is sideways range-bound trading that usually occurs after a prolonged uptrend. This is the trading zone where big players build short positions or distribute long positions and wash out retail traders.
From August 2011 - February 2013 GOLD printed a VERY similar distribution fractal to the fractal printed by GOLD July 2020 - September 2021. It is very possible that GOLD will fall from here with no further upside.
No, I'm not a permabear!! BULLISH thought + Opportunity to load up on cheap Bitcoin before annother massive bullrun. Looking back at price action in September of each year, there have been 2 years that Price > Daily 20 > Daily 50 on Sep 1 ... 2017 and 2020 During those years, during the month of September, Bitcoin fell to retest the Daily 200 MA, then went...
A look at the 3 Day chart is showing eery similarities to price action the week of Feb 24, 2020... just before the major COVID crash in March. No one was prepared for the crash in March 2020, and many were either stopped out or were left holding a bag and missed a huge buying opportunity RSI is weakened compared to the 2020 - 2021 bull run, and has broken down...
For all the crypto enthusiasts chasing signals on Twitter from the infamous crypto "gods", here's what I see!