I'M SORRY BUT NOBODY IS TALKING ABOUT WHAT BITCOIN JUST DID.
Multi-year Cup and Handle. Complete.
Breakout. DONE.
Perfect retest. DONE.
Structure confirmed. DONE.
This pattern took years to build.
And nobody noticed.
Cup and Handle breakouts don't move 20%.
They move hundreds of percent.
The retest just finished.
The launch is next.
$220K is the minimum target.
Most people will only find out after it happens.
JUST IN: $25 TRILLION U.S. BANKING INDUSTRY CEO JUST DECLARED WAR ON THE #BITCOIN MARKET STRUCTURE IN FRONT OF THOUSANDS OF BANKERS:
“WE DON’T SUPPORT AN UNEVEN PLAYING FIELD”
NEW ENTRANTS DON'T WANT TO "FOLLOW THE RULES"
“WE CAN’T LET THAT HAPPEN”
Dad buys Bitcoin for $100K.
It grows to $5M.
If he sells, he owes tax on a $4.9M gain.
Instead, he puts it in a trust.
Borrows against it.
Lives tax-free.
Dies holding.
Kids inherit at a $5M basis.
IRS gets $0.
Dad is a long-time Lilly employee.
Has $10M in LLY stock.
Basis is $500K.
Kid needs $500K for a house.
If he sells and gifts it, he owes tax on $475K gain.
That's $95K to the IRS + state tax.
Instead, he puts it in a trust.
Borrows $500K against it.
Gives it to his kid.
Borrowing is not income.
So no tax.
Uses lifetime exemption to avoid gift tax.
He lives on loans too.
Never sells.
He dies holding the asset.
Kid inherits at stepped-up basis.
IRS gets $0.
In 1985 an astronaut noticed this physical behavior of a handle, that turned out to be the proof of a theorem: the tennis racket theorem (also dubbed the Dzhanibekov effect).