The next step in financial-monetary evolution | #Bitcoin and Crypto since 2017 | Economic and Political Analyst | AI Decentralization Advocate | Chart Fiend
#BTCETF approval will be a sell the news event in the short term - bankers will try to shake us all out
#Bitcoin has historically not broken above the 0.618 retracement of ATH to cycle low til 5 months after the halvening - September
Be grateful for more time to accumulate 💸
The Fed just cut rates but markets crashed anyway.
Powell accidentally revealed the trap they're in.
Markets tanked. Yields rose.
Here's what 99% missed,
and why it's the biggest signal since March 2020🧵
$ATOR A nice bounce up passed the fair value gaps doesn't hurt!
It always inspires confidence when a break of support only lasts a day or so.
Onwards and upwards!
Now sitting at the 0.786 fib retracement of the March pump after breaking down under support at $2.27, $ATOR is looking to re-test the $1.50 level.
In the hasty distribution over the last few days, we have fallen under rising support (yellow), producing a couple of Fair Value Gaps (orange boxes) that have yet to be filled.
At this point I believe that whether we complete the re-test of $1.50 has more to do with $BTC than with $ATOR. But whether or not the bottom is in, we're looking for accumulation at or around $1.50, followed by Fair Value Gap fills and a reclaim of rising support.
Of course this is crypto and $ATOR is a gem that hasn't been this oversold since the November dump (RSI), so we could just as well see some sidelined whales decide that this is the new floor and send in another god candle XD