WorthAShot

WorthAShot

Update Hey, folks. An update here to my last post from 2 weeks ago. Look at the BTC charts in the attached image... imgur.com (I couldn't figure out how to add an image here, so I put it on Imgur.) As you can see in the image, 2022 has been almost exactly the same as 2018. (Of course, not the same prices, but the same pattern. This is because of the BTC...

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Hey, folks. Great buying opportunity for BTC coming up in December and January. But first, BTC should fall 50%. Don't be afraid. It has happened before, as shown in the chart above. Two cycles ago, in 2014, BTC fell from about $450 in October 2014 to around $175 by January 2015. That was a drop of about 61% in just 3 months. January 2015 was the low. One...

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Hey, folks. I'm a firm believer that BTC moves on a 4-year cycle, which is driven primarily by the halving event every 4 years. The last halving was May 2020. The next halving should be around February/March 2024. You should have all your buying done by the halving event. So we should be all-in by the spring of 2024. But when should we start buying? Well,...

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Hey, folks. Can someone answer this for me? There is a Bitcoin strategy that claims to find BTC tops and bottoms using a 13-count. BTC Bottom - A bottom is found when BTC closes down 13 times. A count is made when it closes lower than the close 2 days before. When the count reaches 13, it's a bottom. BTC Top - A top is found when BTC closes up 13 times. A...

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OK. Let's try this again... for a second time. Look at the blue sloping line. It used to be support back on Nov 10th to 12th. BTC then fell below the blue line, which has been resistance since then. Yesterday, BTC tried so hard to punch through this blue line, and made it through for a couple of hours (orange circle). It then fell back a little. But here's the...

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Look at the orange circle. BTC has just punched through a two-week slope (blue line). And there seems to be some real juice pushing it up from here. The US Federal Reserve is expected to lossen its inflation policy, which is ultra-bullish for BTC, gold, silver, and others. Until now, the Fed's inflation target has been 2% per year. That means they would start...

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BTC is near the vertex of its latest triangle (blue), and should break out of it within 48 hours. Also, the yellow line is the anniversary of the 2013 peak. The purple line is the anniversary of the 2017 peak. According to these prior peaks, BTC should rise to a climactic peak before the end of this year. How high will that peak be? Who knows. But according to...

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Look at the blue circle on this chart. Do you know what turned BTC around here? The passage of the $1.9 trillion spending bill in the House of Representatives in Washington. More government spending means long-term devaluation of the USD, and that means everything that trades in USD will get a boost... including BTC, gold, silver, stocks, etc. So what's next? ...

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Hey, folks. I know BTC's wild swings can be discouraging. But take a look at the $60k line. It has been a strong level of support since October 16. Just look at all those arrows! It is a good thing for BTC to fall like it did now, as it takes some of the bubbles out of the cement so it becomes more solid. The longer it stays at $60k, the more solid it...

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UPDATE 3: BTC has finally broken through the key resistance level of $65.4k (black line). It is free to retrace back up to the high of $68.8k (purple line) and keep going higher. UPDATE 2: BTC needs to clear the next level at $65,400 (black line). This level was support a week ago (left black box ), then became resistance a few days ago (middle black box ),...

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UPDATE 2: BTC needs to clear the next level at $65,400 (black line). This level was support a week ago (left black box), then became resistance a few days ago (middle black box), and is close to being pierced now (right black box). It's almost there. Just a little bit further and it should break through to the upside. UPDATE 1: BTC just might be paving a...

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UPDATE: BTC just might be paving a new uptrend (yellow line) after breaking out of the recent triangle (blue). It should continue up to the last high of $68.6k. ORIGINAL POST: BTC is about to break out of its recent triangle (blue lines), likely within 24 hours. $63k has become an important level over the last week. BTC punched through this $63k level a...

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BTC is about to break out of its recent triangle (blue lines), likely within 24 hours. $63k has become an important level over the last week. BTC punched through this $63k level a week ago (yellow circle), and then retested $63k twice (pink circles). This $63k level has now become an important support. If BTC falls below this line, it would likely continue...

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BTC's first major peak occurred on November 30, 2013. The yellow line is its upcoming anniversary. BTC's second major peak occurred on December 17, 2017. The blue line is its upcoming anniversary. BTC's next major peak should come soon! Of course, it will be much higher than the two lines indicate. The lines indicate only the anniversaries of the previous peaks.

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There may be some hope yet for BTC. The ~66.4k area was resistance before, but has become support now (depending on how thick you draw the line). This is a bullish sign. The longer it sits on this line, the bigger the release upward when it finally blows.

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BTC - potential break-out of triangle within 12 hours. Will it be up? Will it be down? Place your best bets and better hope for the best.

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US Dollar index (DXY) shows the USD is close to the end of a bearish wedge (green lines). This is similar to the last bearish wedge (blue lines). USD should fall soon, possible with further news of infrastructure bill, debt ceiling solved, etc. When USD falls, everything priced in USD goes up, including BTC, stocks, and commodities like gold and silver. Should...

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BTC may be ready for its next up-leg starting Wednesday, April 28, when the upcoming US Federal Reserve (central bank) meeting concludes. The Fed's press conference at the conclusion of these meetings often moves markets, as the Fed Chairman answers questions about the economy and reaffirms the Fed committee's very dovish position. The last few Fed meetings have...