Still really want to see that 3 trillion marketcap breach in crypto. That's my sand in the line for when I'm fine taking a break in stocks and going back to crypto.
if tonight closes under 82,081 instead: a second 5 day close under the 200 after a run above it has printed 5 times (jan 2015, dec 2018, mar 2020, jun 2022, feb 2026). a month later 5 of 5 green, +13.0% median. six months later 3 of 5, green +93.8%, red -13.7%
only 1 of the 5 was back over the 200 within a month. the fail was the low, not the bear. five cases, say it
JUST IN: Michael Saylor says investors will search for assets that robots "can't make more of."
This is profound. Think about it for a second:
Are Nvidia chips really that scarce?
How much gold and oil is still out there?
Bitcoin is the solution!
4 year cycle absolutists should be honest with themselves
there are only 2 scenarios possible now:
1. BTC bottomed in July in which it was ahead of schedule (broken)
2. BTC bottoms anytime after today, in which it was late on its schedule (broken)
either way, its broken... finally.
HOT TAKE: 🇨🇳China's return to crypto could UNLOCK the next crypto SUPER CYCLE.
Solana Company (DAT) CEO Joseph Chee says the Chinese government is using Hong Kong as a 'testing ground' for crypto regulation as China explores ways to manage digital assets.
“It's HUGE... I think crypto is gonna go through another super cycle.”
🔥BULLISH: Bitcoin's bear market COULD already be OVER, per this Glassnode chart.
BTC's MVRV momentum has turned POSITIVE, flashing the same recovery signal seen in 2019 and 2023.
The MVRV ratio now stands at 1.54, above its annual average of 1.44, suggesting bullish momentum is returning.
$5 TRILLION NVIDIA CEO JENSEN HUANG ANNOUNCES PARTNERSHIP WITH A STARTUP MINING #BITCOIN IN OUTER SPACE
HARNESSING INTERSTELLAR RADIATION TO MINE HARD MONEY
THIS IS ABSOLUTELY WILD 🔥
The US has made it clear: it is NOT going to wait for the CLARITY Act.
The Senate blocked it 49-50.
48 HOURS later, the SEC approved on-chain trading of tokenized US stocks.
Then the CFTC told Wall Street to prepare for MASS TOKENIZATION.
And this month, a $114 TRILLION Wall Street giant is set to launch its tokenization service.
Here's everything else that's happened since the vote:
1. CFTC sent its new rules for crypto trading and crypto markets to the White House
2. SEC proposed new crypto custody rules for advisers and funds
3. SEC approved the first 3x leveraged Bitcoin and Ether ETPs
4. SEC gathered NYSE, Nasdaq, Citadel Securities and Robinhood to plan 24-hour stock trading
5. Treasury is reportedly weighing a push for dollar stablecoins overseas
6. White House blamed the big banks for killing the bill
7. NYSE signed a deal to bring tokenized stocks to 44 MILLION crypto accounts
8. BlackRock, DTCC, Visa and Mastercard became validators on Circle's new Arc blockchain
9. Community banks sued to stop crypto firms getting federal trust charters
10. Bitcoin ETFs pulled in $3 BILLION in 9 straight days
And what's coming next:
- DTCC, which holds over $114 TRILLION in assets, is set to launch its tokenization service in October
- US stocks are set to trade 23 hours a day from December 6
- CLARITY can still come back, after Sen. Tillis filed a motion to reconsider
But one thing is clear, crypto is moving forward with or without the CLARITY Act.
THIS MAN JUST MADE THE BEST #BITCOIN AD EVER
HE PUT $100,000 IN THE BANK AND CAME BACK THE NEXT DAY TO WITHDRAW IT
THEY REFUSED TO GIVE IT BACK
"IT’S YOUR MONEY UNTIL YOU ACTUALLY WANT IT"
MUST WATCH 🔥
bitcoin:native
monthly reclaims previous lower high from krown pivots indicator
all previous 6 instances have led to general major upside within 12 months
Bitcoin closed above the May high, which is technically a point for the bulls, and the burden of proof remains with the bears to prove otherwise.
Given that BTC is still <1% away from the May high, it makes it hard to jump to conclusions going into Q4 (as much as I would like to do so). I thought that maybe by now it would either have accepted back below or be much higher, but instead price has barely moved.
Usually after passing the 50W like in 2019/2023, BTC then runs 20-30% within 1-2 weeks. This time, the move has been much more muted, probably because of fears over seasonality and yields heading higher (which is often bearish for long-duration assets like crypto).
Kind of a frustrating time to be honest, because on one hand what makes sense to me would be weakness into Q4, but BTC continues to show strength, making me sincerely question that view. And historically, the weakness often starts before Q4 arrives (which it has not yet so far this time).
I suppose I should be less deterministic about my views going forward, as this whole move has been extremely humbling.