$BTC Price bar pattern from 2013-2015 period when BTC stalled after cracking $1k. Here we are after hitting another huge milestone with a few more zeros...Good visual reminder for zero complacency. Bias is bull as long as the lows hold
Zoomed-out view of $BTC:
The purple crosses represent a dynamic 50-period, volume-based VWAP. Price action has been following the initial bull run's megaphone trendline. The solid purple VWAP line is anchored to the January 2024 low.
The area of interest is the 72.6–75.9K range.
There’s some important nuance here:
In addition to the trendline confluence, the volume-based VWAP originates from a red candle that also marked the top of the previous range — making it, in my opinion, more significant.
Ideal scenario:
Wait for a confirmed close above both the VWAP and trendline. Then look for structure to form, ideally supported by bullish divergences, which could provide a solid entry. Until we get that confirmation, there’s nothing to do.
The blue circle highlights the "Elon pump" (when BTC was used to buy Tesla vehicles and added to the balance sheet). A similar move could occur this cycle — possibly driven by the "Trump pump."
$VIX I've learned from my mentor to recognize and respect market 'smiles.' This looks like the one I've been waiting for (low tf w/ potential)—leaning toward a risk-on bounce in assets with favorable divs and structure. Happy hunting
I can't believe this clown is at it again. You would have thought the train-wreck 'recommendation' on ETH at 3k would have silenced him but no, now he has to fall into a statistical trap all of my students know the answer to - from bad to worse.
Either very amateur or very evil
I get the rationale for a Bitcoin reserve. I don't agree with it, but I get it. We have a gold reserve. Bitcoin is digital gold, which is better than analog gold. So let's create a Bitcoin reserve too. But what's the rationale for an XRP reserve? Why the hell would we need that?