Linear fibs show buy support at 51K, but the halving will shock the supply such that the price will be forced to double shortly thereafter. Current cost to mine one bitcoin is ~50K so a fair price for bitcoin should be around 80K after many miners give up their rigs at a loss. Just spit-balling here. Posting chart for retrospective. How's WWIII treating you so far, anon?
Looks like a convincing breakout to the upside, which could provide enough momentum to hit the .786 fib before running the opposite direction, stopping the longs out for maximum pain before the halving. What do you think?
Improved chart from The End of Banking part 1: "The primary weapon the (((oligarchs))) have is the USD and banking. We have seen the breakdown of this weapon every since the divorce of East and West when SWIFT was banned from Russia. Alternatives to the dollar have been suggested, but only BTC remains. I've done the math. When the weakness of the dollar is...
The primary weapon the (((oligarchs))) have is the USD and banking. We have seen the breakdown of this weapon every since the divorce of East and West when SWIFT was banned from Russia. Alternatives to the dollar have been suggested, but only BTC remains. I've done the math. When the weakness of the dollar is fully revealed, bitcoin will reach 8 million dollars...
A Millenial's History of the world using the SP500. The only question left is: who is Likud? Better yet, who is Irgun?
You really think we're headed for hyperinflation? Nah. Powell is serious about raising rates because saving the USD may mean saving the entire world. Bitcoin is a passing fad, built on top of hype, greed and delusion. If it has any staying power, it will find its bottom in 3 years' time. Hold onto your butts.
There is tension in the markets, and it doesn't look good. Powell is raising rates to tame inflation and it's working just enough to piss everyone off. Bitcoin--similar to housing--is overvalued. This is evidenced by the number of scammers and tiktokers running get rich quick schemes. Real Estate Agents included. This time is different, but not the way you...
Using fibs for sell zones. Hoping to squeeze shorts all the way up to the 786. Sell deadline based on trend from 2017 bottom.
Bitcoin's first recession. Bids at 6400. LOG Fed funds rate is at the bottom panel. Never seen rates this high, will be interesting to see how high they can go, I'm estimating 7.5% before they pull back.
Using fibs and trendlines, I suggest DCA here -- and much larger buys at 9-10K. Bitcoin is private property--but, The State can take your home. In fact it is has already taken your home. We no longer have a choice We are all Nomadic now. “You are not your job, you're not how much money you have in the bank. You are not the car you drive. You're not the...
Fractal of previous bear market, we can test the .618 at 10K, but need to continue up from there. Hedge your bets with this chart.
Updated dominance idea. Perhaps bitcoin is going to survive this bear market at these levels while the alts capitulate. Else bitcoin moons and alts stagnate.
We're on that highway riding the line to the high heavens or down to the depths of goblin town. Choose your own adventure! 1. Nuke the economy and Russia and everybody dies OR 2. Bleed out the criminals that run the government with hard work and sweat and tears and powering through the tough times. Go long, baby. Go. Long. /play; Highway to the Danger...
Bitcoin has served its purpose. Bringing greed and gluttony to a decadent world. All to bring about the new world Beast system. Bitcoin isn't a lifeboat. It is a dance hall in the middle of the Titanic. I really should buy that homestead about now.
Coinbase in the news today for manipulating transactions Re: Canada. The war between Russia and NATO can only last so long before they have to decide to either nuke bitcoin, literally, or else buy. Spongebob "I don't need it" meme. - - - - This is my vision of what may occur in the market.
Either we get cyber pandemics and supercovaids in the next week... or I'm pumping this straight to infinity. Goku allows Frieza to reach 100% Power - Dragon Ball Z Kai
Self-explanatory. Hidden bull div on the 2W. Probably a terrible idea to do TA on dominance charts, but it's all good. With the Return of the King is the end of the covaids. “What do you fear, lady?" asked. "A cage," said. "To stay behind bars, until use and old age accept them, and all chance of doing great deeds is gone beyond recall or desire.” ― J.R.R....
Wound tighter than a coiled spring. Just Publishing here for hindsight and for fun. The next few days are critical.