I don’t write history but report on it. My proprietary momentum (98.2% backrest success) indicator has flagged a bearish signal. The net targets are circa 25,5k USD 22k and 19k. Best of luck folks
Bitcoin is a decentralized digital currency that was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. It operates on a technology called blockchain, which is a distributed ledger that records all transactions made with Bitcoin. There are several benefits to using Bitcoin. Firstly, it allows for peer-to-peer...
US Tax Revenue has exploded by 43% since 2020 to almost $5 trillion annually. So far 2023 the US Gov't has collected $2.686 Trillion and still it has to borrow more to meet its obligations. While Real GDP has only risen 4.5%. #MMT gets it wrong again. More is never enough! The more we print the more we have to print with no real (inflation-adjusted) economic...
| Don't Forget To Hit Follow To Never Miss An Idea | | Please Support By Giving This Idea a Boost | #BTCLIVE - Bitcoin Getting Serious Now - Bull's Be Bouncing Macro Analysis Using a combination of a bespoke Bitcoin Log Curve that has worked brilliantly for us in the past (as per chart) we nailed the recent bottom (at least we hope its the bottom), with a...
Dear TradingView community and fellow traders, I am Richard, also known as theSignalyst. I find the BTC weekly chart to be intriguing as it appears to be following the famous Wyckoff Cycle. I would like to apply Richard Wyckoff's four market stages/phases to this chart for analysis as a practical example. 1️⃣ Distribution BTC appears to have rejected the...
Bitcoins halving in 2020 was priced at 150 Billion dollars . Since the supply was cut in half, you could've expected 600 billion because that is 150 billion times two . We pumped double (150 to 600) and doubled from (600 Billion to 1.2 Trillion.) This was a big pump and we just bottomed at 300 billion and have just hit 600 billion . Notice the pattern...
Macro Fibonacci Extension from 2015 to 2018... 2.618 as the high, a retrace to 0.618, pump to the next target of 4.236... Simple
Bitcoin looks like it would like to reach up and touch 48-50k..maybe even a little higher. People are calling dooms day for all markets..dooms day for everything every day, but what they forget is that Bitcoin is one of the only places to store your wealth in these uncertain times. With a world banking crisis, inflation, war, and economic trouble looming around...
next few months are going to be a blood bath. no bottom short term bottom until July when the fed pauses and by then BTC will have reached 11-8k
Long Term Bull run is intct, thougfh short term the wave cycle can still take it to sub 1900 levels. Wait for the big signal to go Long. Resistances Galore at teh current levels.
still targeting 11-8k from these highs, may is going to be a blood bath with the debt ceiling showdown and new crypto regulation, big players are exiting here goodluck
the 20 year yields has also recaptured all of the key daily moving averages. The yield charts on the weekly and monthly chart look ridiculously strong.
Based on the severity of this pull back It seems like the breakout for TRX has failed, and based on the macro environment the probabilities are mounting we may briefly see new lows this year before pushing towards all time highs. This seems to be coinciding with a crash in the US banking system, which will eventually lead to a fast response by the Fed to turn the...
The market moves in waves and patterns. This is a macro expanding flat on the #SPX500 that corrected for 8.5 years! During the A and C wave of the expanding flat, there were so called "recessions", the 2002 and 2008 recessions. Or were they just A and C waves of a macro expanding flat? It is interesting how the patterns a chart makes predicts the future of...
Looks likely to continue lower as all signs suggest a rotation out of the dollar which will help stocks, metals and crypto move higher
BTC has reached the end of a diametric pattern which began at the highs in early 2021. In a diametric there must be at least 5 waves that are similar in time and 2 waves that are different. That has manifested here perfectly, orange boxes are the same time, green boxes are the same time. This implies that we have just ended a nearly 2 year pattern and we should...
In this idea, I will dive into the fascinating world of Fibonacci time cycles and how they relate to price action as the cycles reduce to zero. We will examine the current correction in the S&P 500 (SPX) index from the perspective of the 2008 lows and discuss the potential impact of interest rates and inflation on the market. By analyzing Fibonacci retracements...
HD has broken support but has not completely broken down yet. HD bulls need to recapture the orange trendline on a weekly close or else the bearish trend will break the 200 Weekly MA.