@prioritypasscom tried to finally use your lounge access after pretty much everywhere it hasn’t been available for me. This is the error message I get when logging into your app “Something went wrong. Sorry, we are experiencing an issue on our side and cannot complete the process right now.
Please contact our support team for assistance or start again later”
Extremely aggravated
@AmericanExpress discontinued my Blue Sky card and forced me to the Blue Magnet card. Now losing out on points I earned. I used to get $1 to 75 redeemable for travel, now they are only going to honor $1 to 100 diluting to cash. I had been saving these points for an upcoming trip. Now I was robbed of my points. They say I was a valued member since 2008. Doesn’t feel like it. Asked to escalate they said won’t help.
📌NOTE:
#Bitcoin is a network and ultimately follows an s-curve exponential type of adoption.
A power-law fit on Bitcoin’s past price implicitly assumes:
•volatility drops
•cycle peaks flatten
•returns diminish
•growth rate decreases
But if a new acceleration occurs, you get:
•higher-than-expected volatility
•larger-than-modeled price expansion
•faster network growth than historical trend
•a vertical shift in the log–log regression
This breaks the model in the same way that:
•smartphones broke internet penetration predictions
•broadband broke dial-up forecasts
•mobile broke PC internet adoption curves
The “outer forcing” of a new S-curve segment invalidates a single power-law fit.
As @saylor used to say:
„All your models will be destroyed.“
If you're a swing trader, I don't know how much more confirmation you need.
#Bitcoin:
✅ Bearish divergence
✅ Lower highs & lower lows
✅ Price backtested and resumed off trend line
✅ Weekly chart is bearish
✅ 3-week chart had bearish engulfing candle
Take a look at the Treasury General Account below
With the government shut down, the TGA is not getting spent so it’s building as receipts are received and debt issued
The latest opening balance stands at $965bn - a build of circa 150bn in October - that’s cash coming out of the market
On top of that into month end, the RRP is building as banks window dress balance sheets
The RRP is up circa 20bn so far this week
That’s all liquidity being taken out of this market
Add to that the fact that bank reserves have fallen into the lower range of “ample”
This is creating some tightness in bank funding markets witnessed by elevated SOFR spreads and rising usage of the Fed’s Standing Repo Facility (SRF)
Yesterday, eligible firms took just over $10bn on loans from the SRF, a record since its introduction in 2021
Whilst this is not extreme stress, its tightening
This is why Bitcoin, given its hyper sensitivity to liquidity, is failing to break out of this choppy range
So what changes?
Obviously, after month end, the RRP will be drawn back down and return that circa 20bn to the market
Bank reserves will be more freely lent out too
Some tightness will remain until the end of QT on first Dec but once that ends, we start to get Fed balance sheet expansion once more after a few years of contraction
The government shutdown ending (likely mid Nov) will also see the TGA drawn down unleashing a flood of cash back into the market which will see bank reserve levels rise alleviating the moderate funding stress
So the liquidity picture is set to change quite significantly over the coming weeks
This week, into month end, is probably as tight as US based liquidity gets (until at least year end)
TLDR; liquidity headwinds ease after this week alleviating the pressure on Bitcoin
Towards the end of Nov and into the end of QT on 1st Dec, liquidity becomes a tailwind and we really pump
These are the levels you should be buying Bitcoin to position for the next leg higher
NFA of course 😉
BITCOIN IS COPYING GOLD’S LEGENDARY MOVE.
Gold rode this exact channel before launching.
Bitcoin is now following the same path, step by step.
Same structure. Same rhythm. Same squeeze.
But this time, it’s digital.
🚨 BREAKING:
#BINANCE JUST STARTED DUMPING $BTC TO LIQUIDATE ALL LONGS.
THEY’RE SELLING BITCOIN IN LARGE QUANTITIES EVERY FEW MINUTES.
CLASSIC EXCHANGE MANIPULATION AGAIN??
🚨 INSIGHT: Coinglass data shows that none of the 30 indicators signal a market peak, suggesting the cycle still has room to run before the final phase of the bull market.