Took my first Bitcoin long in forever today.
Why?
Daily TD 9 + 12h TD 8 + daily free candle + 200w MA + bottom of weekly b-band + very favorable bid/ask ratio.
Haven't touched bitcoin:native all year because it looks like shit (still does), but too much confluence to not take a shot.
@killerpainda No red flags in the price action yet but definitely showing signs of extreme extension.
NQ also showing signs of extreme extension without confirmation.
Need to see lack of rotation in stocks to be worried.
Taking out today's low on NQ would be first major red flag.
@Rekkyuk Yeah alts are probably the better buy in general right now given how weak $BTC.d is.
I want to see Bitcoin prove it can hold support before deploying into alts though.
@HodlMagoo He was right, risk is on fire.
The only risk asset in the cuck chair is crypto (which only represents 1%-2% of total risk asset market cap).
@ChartGuys Unless they have a strong interest in investing I've found most normies won't be paying close enough attention to buy daily/weekly fear and end up sitting in cash way too long.
My advice is usually DCA most of their stack, and keep a little on the side for monthly+ fear moment.
@adam_tech_enthu I have 2 MacBooks, iPhone Pro, Mac Studio, and 0 iPads.
Unless you're an artist who uses the pencil features, I just don't see the point in it.
I've considered getting one to keep in the bathroom sort of like the magazine racks people used to have next to toilet in the 90s.
@ChartGuys Congrats on the (semi) retirement!
We have similar goals and your content over the years has helped me inch closer and closer to the finish line.
I know I'm not the only one who has found your content to be life changing.
Thanks for everything.
Market update livestream:
- Silver $SLV Pump and Dump, is it over?
- Stock market blow off top, or just getting started?
- Will Crypto ever pump?
Live 2PM EST
https://t.co/i72H6yS5NZ
@CryptoParadyme@Bluntz_Capital Interesting.
Gold can play catch up short term but silver is going to mog gold over the next 18 months IMO. GSR to 30 by end of 2027.
Silver shortage + AI demand narrative in 2026-2027, then gold pump on stagflation fears after AI bubble pops in 2027-2028.
@CryptoParadyme 😭😭😭
Yeah would like to see gold join the party too.
Hard to imagine we don't see ATH by 2027 at the latest though even if we get more scam dips within this monthly range first.