Seasonal low in equity markets occurs on Oct 27 on average. We are couple days late due to the Fed but my best guess says we bottom out intraday tomorrow or Friday and begin a very steep rally in to Thanksgiving. Bitcoin inclusive.
This is the IBIT 2-hr chart going back over the past year. There have been two great buying opportunities in the past year. Guess what? The 3rd is happening as we speak.
ETH breaking to ATH (if history a guide) is start of a far larger upward move
per market wisdom
“the larger the base, the bigger the breakout”
This was a pretty big base
Tickers: $BMNR $GRNY
When Ethereum hits $5,000 I will give 1 ETH to ten people who follow me.
The rules are simple:
- like this tweet, follow me and RT
- comment “5k incoming”
Let’s go! $ETH
This is it. This is the playbook over the next 3 months. #Bitcoin
1) We have peak volumes under us now.
2) We're currently breaking above the 4+ year trend line.
3) Target 1 = $121,000 (Ish) - Golden Retracement Zone
4) Target 2 = $138,000 (Ish) - Next FIB Extension level
5) Target 3 = $163,000 (Ish) - Next FIB Extension level
6) Target 4 = $180,000 (Ish) - Parabolic overshoot
7) Target 5 = $280,000 (Ish) - Blow Off Top
NOTE - I'll be mostly out of multiplier's like #Bitcoin miners, options contracts, and treasuries by Target #3.
But that doesn't mean I won't still be in something like $IBIT. I'll just be reducing downside risks and also be VERY WELL positioned in companies like $TSLA, #Anduril, #SpaceX, and also income generating dividend plays, as well as some potential hedges for downside risks.
That's it. That's the game plan!
China and U.S. will on Monday issue a joint statement reached at the two-day trade talks in Geneva over the weekend. Asked what will be the exact timing for the release of the joint statement on Monday, Li Chenggang, China’s international trade negotiator and vice minister of commerce, replied with a Chinese saying that “if the dish is delicious, then the timing is not a matter”.
“No matter when this statement is released, it’s going to be big news and good news for the world,” Li said.