Alex B

Still bullish.

[Alex B @cryptofoolscom]

The same structure. Patience. This is a weekly time frame. Maybe another week or two before $BTC moves higher.

[Alex B @cryptofoolscom]

@Tech_Tycoon Sounds about right.

[Alex B @cryptofoolscom]

@pete_rizzo_ Kickbacks from Kim.

[Alex B @cryptofoolscom]

@CryptosBatman Doesn’t mean shit if USDT dominance keeps rising.

[Alex B @cryptofoolscom]

I see some alts are getting tired of waiting for BTC and are starting to move higher.

[Alex B @cryptofoolscom]

@conorfkenny This week, every single day, there is news that some big institutions are increasing their exposure to IBIT, MSTR, or BTC. What the fuck is going on?

[Alex B @cryptofoolscom]

@HenrikZeberg Eventually it will, but it doesn’t feel like it’s going to happen anytime soon. Looks like it's approaching the upper level of a bullish flag, and if it breaks, DXY will rip much higher.

[Alex B @cryptofoolscom]

What happened to BTC?

[James E. Thorne @DrJStrategy]

Trump Doesn’t Need an Iran Deal. The Market Already Made One.

Washington is debating whether President Trump needs a deal with Iran to bring energy prices down. The market has already answered.

Iran’s only real leverage was the threat that Gulf oil couldn’t reach the world. That threat has failed. Saudi Arabia pumped 10.56 million barrels a day in October, up from 6.3 million in April and close to its pre-war high. Riyadh is now fighting for market share, and history shows what follows. The last three times it did, oil fell 57, 60 and 67 percent.

The oil is getting through. Tanker rates west of Suez fell as much as 70 percent in a single week, and the key route from the Gulf of Oman to Asia has roughly halved since mid-October. West Texas crude has dropped from $102 to $87.

Private capital did the rest. When war-risk premiums hit 10 percent of a ship’s value, Chubb, Beazley and Lloyd’s syndicates moved in to write the business, and competition is pushing premiums back down. Washington’s $40 billion insurance backstop hasn’t written a single policy because it hasn’t needed to. High prices were the cure for high prices.

Isolation is working. Tehran can no longer hold the world’s oil hostage, and a deal now would hand it relief it hasn’t earned. Voters wanted affordability, and the pump is delivering it.

The real threat to that relief is the Federal Reserve hiking rates into an energy shock that is already over. The yield curve is yelling policy mistake!

[Alex B @cryptofoolscom]

Today is “It over moment”

[Alex B @cryptofoolscom]

This is not good. Unless it’s a fake out and the weekly close is below the upper channel, or we are heading for a rough end of the year.

[Alex B @cryptofoolscom]

@DeItaone Iran was bad business. Time to cut losses.

[Alex B @cryptofoolscom]

@BTCtreasuries In the past week, all I am reading is that major institutions have been buying either MSTR, IBIT, or BTC. So who the fuck is selling? We haven’t seen a decent bounce in weeks. So, either it's bullshit or BTC is about to go up.

[Alex B @cryptofoolscom]

@0xSweep We are either at the end of the correction, or we are totally fucked. Next week we’ll know.

[Alex B @cryptofoolscom]

The same structure. Will we see new lows or a rebound?

[Alex B @cryptofoolscom]

@pete_rizzo_ Go to Coinbase and buy the damn thing.

[Alex B @cryptofoolscom]

@MrWhale 2 years of discussions? How to buy? Go to Coinbase and buy the damn thing. What more to discuss?

[Alex B @cryptofoolscom]

@bitcoinlfgo This time it might actually happen. In the past few weeks, many large institutions, including Trump-related companies. purchased BTC and MSTR.

[Alex B @cryptofoolscom]

@cantonmeow Are you hinting that we are going to see a huge green candle? I like your style.🤑🤑🤑

[James @JamesEastonUK]

The snapback will be monumental.

[Alex B @cryptofoolscom]

Funny, this morning, I was looking at this chart pattern on the weekly timeframe and thought the same thing. The first push off the lows was 50%, and we had a 6-week correction, followed by a big fat green candle that brought BTC to 30K. Almost 100% from the lows of $15.XXX. Right now we are at week 6 of the correction. If shit plays out, BTC should be above 100K by mid-December. If this happens, it will blow my mind.