MoneyUnderstood

Bitcoin 🚀 | Investing | Wealth creation | Data scientist talking crypto, investing, technical analysis, markets, and random things that interest me

[CrediBULL Crypto @CredibleCrypto]

Let's talk about this "nonsense" called Elliott Wave, let's talk about market structure, and let's talk about why I still expect to see a new ATH on $BTC in 2023:

https://t.co/xTOUIoOjNk

[filbfilb @filbfilb]

Gents, it’s been a privilege.

[Alex Krüger @krugermacro]

Joke of the day!

[Will @WClemente]

POW-pow!

[Willy Woo @willywoo]

"In search of a bottom"

(Don't read this, it's too long)

Here's a visual of the cost basis of the entire BTC supply. Areas of high density represent significant coins moving into investor wallets at that price ("buy price").

[The Crypto Dog 📈 @TheCryptoDog]

2021 / 2022

[Alex Krüger @krugermacro]

This image has caused severe outrage. How is it possible for stocks to soar and have their best week since 1938 while common people suffer and fundamentals worsen?

The answer is simple.

The outrage stems from misunderstanding the link between the economy and financial markets.

[𝐓𝐗𝐌𝐂 @TXMCtrades]

The way I see it, #Bitcoin & the broader markets have never been decoupled, regardless of narrative.

Corporate credit, equity returns, surveys of business conditions, producer prices, all rise and fall alongside Bitcoin (+ thus crypto) in an intertwined global market. Just look.

[CrediBULL Crypto @CredibleCrypto]

A 🧵: Our Wave 2 and Wave 4 corrections in this cycle have been deeper and longer than I was expecting- certainly more drawn out than mid-cycle corrections of prior cycles. This has resulted in a longer cycle than prior ones (expected) but also deeper corrections (cont.)

[Bob Loukas 🗽 @BobLoukas]

Two observations on sentiment in equities.

Absolute extreme bearish sentiment likely means a sharp counter trend rally is very close.

Consistent bearish sentiment confirms this is a cyclical bear market of duration, not a buy the dip just yet.

[Alex Krüger @krugermacro]

Best clip of 2022

[Peter McCormack 🏴‍☠️🇬🇧🇮🇪 @PeterMcCormack]

Just finished the excellent conversation between @lexfridman and @saylor regarding #bitcoin.

Definitely a show worth sharing with friends who may doubt the power of #bitcoin.

https://t.co/Jmh1ImgXAk

[Michael Saylor @saylor]

“What we need today…more than anything, is the separation of money and the state.”- @ComicDaveSmith on #Bitcoin https://t.co/E7ALdu50EV

[Michael Saylor @saylor]

Monday morning is time to get back to work. #Bitcoin

[CrediBULL Crypto @CredibleCrypto]

It’s okay to be a 🐻 just don’t be one here. $BTC

[Will @WClemente]

Keep it simple. $BTC trying to flip resistance into support.

[Dylan LeClair @DylanLeClair]

🚨🚨 THE 10Y-2Y YIELD CURVE OFFICIALLY INVERTED 🚨🚨

[Dan Held @danheld]

Bitcoin isn’t Myspace.

[Matthew Hyland @MatthewHyland_]

#Bitcoin Weekly MACD Bull Cross is VERY close:

[Bob Loukas 🗽 @BobLoukas]

So what does this 50-50 scenario look like?

See the chart. Caveat, these are not the only paths, but for my study, the two most likely.