#Bitcoin - Full Market Breakdown
In Depth Technical and Psychological Analysis
After a 16% move to the upside from 108k to 126k in just 10 days, Bitcoin is now accumulating right below the current ATH level preparing for another push higher. I continue to see a lot of people calling for a cycle top trying to convince themselves that they are right and this is just a bull trap. This is a huge mistake.
Just yesterday BlackRock bought $1.2bn worth of BTC while last week they purchased $3.3bn worth of BTC. This passive buying from BlackRock will only become more and more aggressive in the next few days and weeks. These gentlemen don’t care about your beautiful technical analyses with Fibonacci levels. They have unlimited funds and play their own game. They want more and more BTC and they keep sucking up all the liquidity within the market. Yesterday buying was simply a warning for bears and today small retrace is the opportunity given by market makers for bears and doom callers to exit their positions before the squeeze higher.
Remember how the breakout of 110k happened. After a leg up from 100k to 110k, the market went sideways near ATH for a few days, retested the EMA200 4H, and then broke out with a god candle. The exact same pattern is being printed again, yet most fail to notice and remain trapped in their bearish dreams. I am therefore expecting to see a retest of the EMA200 4H before we start moving into price discovery again. As I have said many times before, there is no imbalance in the market, so why would anyone be short knowing this? The people who are short are simply greedy and trying to catch a market correction to get the feeling that they finally beat the market, but since they are shorting into no imbalance, they will only repel the dump and actually fuel the next leg up as they close shorts and open longs with max leverage, just to try to recover what they lost in their current nonsense shorts.
It's important to note that the USD is now bouncing from the lows and this is being used as an argument by bears. I therefore leave a question for all the bears and doom callers reading this. How will USD strength (DXY) react in the next few days/weeks when Powell becomes fully dovish? Last Friday we got the ISM Services PMI data showing that inflation will only start heading down in the next reports while the labor market will continue to weaken heavily. We already received the worst job market ever recorded a month ago. Everyone who understands the basics of an economy knows that the Fed has to cut rates in such circumstances, and rate cuts make the USD devalue and therefore all assets who trade against it, move up. This argument will be used by bears only for a few more time until they realize that rate cuts will happen on a mass scale and the dollar will take a shoot to the downside first before any move higher.
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🤔 L’arnaque dévoilée en direct : Quand les attaques sur l’Aide médicale d’État devient un prétexte pour saccager notre système de protection sociale et les droits sociaux des français !
Encore une fois, le gouvernement sature l’actualité avec l’Aide Médicale d’État et ses thèmes xénophobes. Je rappelle devant un plateau qui ne semble visiblement pas très informé qu’on parle d’un dispositif jugé, même par le conseiller spécial de Retailleau, « d’utile et maîtrisé », sans abus… qui représente moins de 1% des dépenses d’assurance-maladie.
The most similar FED meeting to the upcoming one was in 2024.
Big policy shift and cuts after a long time of holding steady.
We saw a dump first before the massive pump.
BE AWARE OF THIS FACT, VOLATILITY TO BE EXPECTED.
🚨 🚨 Le S&P 500 a bondi de +30% en 5 mois, un momentum puissant qui historiquement ouvre la voie à 2–12 mois de gains.
Mais attention :
• Plusieurs boîtes du top SP500 sont surévaluées et subventionnées artificiellement.
• Selon les modèles économiques de Ray Dalio, on est sur des ATH de productivité US.
• Et surtout : on arrive au bout d’un cycle de dette court terme ET long terme.
Cette euphorie ne durera pas 5 ans. Le rallye cache toujours une fin de cycle.
⚠️ Faites attention : assurez-vous d’avoir un portefeuille diversifié et de hedger correctement vos positions.
Clique en Bio 🔗
Global M2 vs Inverse DXY vs Gold vs BTC
Gold has broken out into new ATHs (see pink line in upper right corner of chart). Generally, Bitcoin follows gold, with a lag.
Inverse DXY and Global M2 have NOT yet broken out to new ATHs, but it looks like they could do so in the near future, perhaps following the same move that gold made recently.
For nearly 1 month, BTC has experienced a divergence (a delta) from the Triple Confluence of the three lines. Will we see a resumed "quadruple confluence" among all 4 lines? I think it's likely.
Patience is usually all that is required for macro indicators like these (However, patience is humourously in short supply on social media where emotion and sentiment flip on a dime, daily).
My personal opinion is that BTC has not yet put in a cycle top and we will probably see it later this year. But I will use this chart and https://t.co/DAoxZ0TyT0 as well as many other metrics (sentiment, tether dominance, coinbase app rank) to make my decision, ultimately. Nothing I've seen yet has screamed "overheated". So, I don't think the top is in.
Also, a few hours ago, there was a temporary data glitch (a spike) in the Global M2 line. It was caused by Japan's data, which has now apparently been fixed by TradingView or its data sources. Read more here: https://t.co/aha9Sx9vgx
Lastly, I released an updated, optimized version of my Global M2 script. See the same link above.
🇺🇸 After Powell’s Jackson Hole speech, September brings weakness and high volatility.
Q4 will be very bullish for Bitcoin.
Likely even more for Altcoins.
🇷🇺 ÉRUPTION DANS LE KAMTCHAMKA.
Dans l'est de la Russie, suite au tremblement de terre de 8.8 sur l'échelle de Richter, le volcan Klyuchevskoï est entré en éruption.
Sans faire de l'alarmisme, il convient de noter une augmentation des événements sismiques et volcaniques dans la période que nous traversons.
📢 Comme c'est étrange 🧐
👉Vous trouvez pas cela bizarre, ces mini PUMP & DUMP sur $BTC ?
- Quoiqu'il en soit, le résultat est que cela fait peur aux parieurs à leviers qui n'osent même plus parier ni à la hausse ni à la baisse (CVD futures en rose qui ne cesse de chuter)
- Cela a aussi comme effet de faire fermer les positions déjà ouvertes, en gain ou pas ( l'open interest en gris ne cesse de chuter)
- MAIS pendant ce temps la, sans bruit, on ne cesse d'acheter sur le SPOT (cvd spot en jaune)
Mais dite-moi on ne serait donc pas en train de préparer un Break out au Nord ??? et sans inviter PATRICK🥸 !!!
Pour plus de conseil et d'analyses :
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JUST IN: Over $110,000,000,000 has been erased from the crypto market in the last 2 days
• $BTC: -2.2%
• $ETH: -5.1%
• $XRP: -6.8%
• $SOL: -7.8%
• $ADA: -9.5%
• $DOGE: -11.3%
"On ne sort pas de la pauvreté par magie.
On sort de la pauvreté grâce au capitalisme, à l’épargne et au travail acharné."
Javier #Milei
Président
et Sauveur de l'🇦🇷Argentine face au socialisme