The last time #BTC was at $50,000:
- >50% of supply held by lettuce hands
- Terra/Luna running ponzi
- FTX selling paper BTC
- GBTC premium buyers getting rekt
- Precipice of fastest rate hike in history
- Super Bowl "crypto" ads
#BTC at $50,000 today:
- 70% of supply held by diamond hands
- Passive Wall Street bid
- 9 weeks away from halving
- Rate cuts coming later this year
- No Super Bowl ads
The noise is quite.
The fluff is gone.
No we ride.
BTC weekly:
Posting this prematurely (signal @ $18,850)
But with each of the last 3 major declines, parabolic SAR gave one false flip signal, and the second signal captured the meat of the bull run.
👀🧐🤔❓
Could a #BTC relief rally occur in the short-term?
Though $BTC is technically positioned for further downside...
There is scope for BTC to perform a +4% rally back into the ~$17300 level to once again test it as resistance, much like price did in December
#Crypto#Bitcoin
It's mid-week but #BTC is still positioned for an orange circled Weekly Close
Lots can still change in the days ahead but this is the Weekly Close that will most likely confirm further upside
$BTC #Crypto#Bitcoin
#BTC Dominance is increasing following a successful retest attempt of the dashed black diagonal
The next major resistance for BTC.D is the red level above
For the remainder of February, there is a good chance that $BTC Dominance could challenge this resistance
#Crypto#Bitcoin
A take on the #Bitcoin big picture.
One on which my own investments are based.
2 macro impulses and 1 macro correction to date.
0.618 top target of next leg confluent with macro 0.618 from 2011.
Strong asymmetry to the upside.
I believe this impulse is far from done.
#BTC doesn't really want to consolidate inside its $38650-$43100 range (red-black)
Instead, it is trying to break into the $43100-$51900 range (black-black)
Turn black into support and $BTC will manage to break into the $43100-$51900 range
#Crypto#Bitcoin