ethereum:native June monthly candle expecting convincing red first 2 weeks, taking out the entire range lows but closes back at entry or higher giving us a massive bottoming wick on the 1M.
Expecting a 60 day rally to $3400-3500 from there.
bitcoin:native so far every cycle bottom time we form a month range low, and then a deviation below or a retest (circled yellow of the monthly range - horizontal channel yellow )
Historically has been the true swing long.
We have not had a second touch yet of 61k.
There’s and untested avwap from previous bear market low just below 60,
A high probability long:
- avwap from 2022 low
- VAL of range from march 2024
- Fib extensions hit
- 1 week bullish divergence (leading to monthly pivot)
There are big levels coming up locally, but if we do lose these, would be looking for the deviation spring the 2-3rd week of the month when fear would hit extremes.
Are there no bulls left?
This chart explains last cycle being muted. Good news is we are in the zone once again. @marketcipher giving us the right signals
My take on macro for Bitcoin
Phase 1 is over - first rise $15500 to $114200
Phase 2 is underway - macro monthly range started march 2024
$60300 to $114300
Deviations above were premium
Deviations below are discount
Phase 3 begins around Q3 2027 and expands into 2030
6-7 figure price discovery
In all 1400 days in the range until the next weekly bullish market structure higher low- which will almost entirely remove fast money speculators from the game, and those who lost sight of bitcoins true value outside of dollar cost. The last few weary passing keys over to tradfi sounds the start of the greatest run of all time.
Time rewards those with patience and those who can stomach volatility. If this theory is correct we will see 60% swings between the range highs and lows, bringing euphoria and depression bulls, equally greed and agony for the bears.
Ultimately the bulls will prevail, although aboard a new ship of those the system was created to fight against.
Don’t let emotion leave you stranded
@Christo04644427@clinkie44@PeterSchiff Apples to apples ? One is a thousands year old $35T asset that dropped $8.5T 25% in 3 days.
The other is a 16 year old 24/7 high leverage traded $2T at peak asset.
@PeterSchiff Bro seriously. I know you don’t hold much gold yourself you just sell it to people, but jees this gaslighting buy the dip stuff…ship is rolling over on high time frames. Parabolic curve broke in February.
Shameless
@WhiteWhaleLabs@saylor Thing is they have sold previously already for tax loss harvesting.
Seems like the news driven final capitulation to me over nothing.
It’s incredible I heard it said he’s the only fighter to ever go a whole career without losing a drop of blood in the octagon.
Then I thought bag ti every khabib fight and I can’t remember him ever bleeding, even from an incidental cut or impact.
Absolute legend. Those who call him boring are insane. He’s not a lay and pray guy or just a wrestler. His ground strikes were vicious, excellent submissions.
It’s odd I see people call chimaev scary. Who really only has a wrestling and submission game, almost no ground strikes to speak of. (DDP fight included )
Khabab was by far the guy you didn’t want to get you to the ground, he’s landing 100 strikes before he decides to end the fight
@realmuckraker You can be imprisoned by the lowest common denominator of feigned distress, anxiety or offence in the UK. No exaggeration. Whatever someone else deems can have you charged.
And they have the nerve to say we have free speech
@PeterSchiff peter doing his best to shine a light on bitcoin, $GOLD is going to 2800, maybe even 2100 over the next 12-18 months, a 52- 62% sell off of a once $35trillion asset.
oofff
https://t.co/DcsNsMuiQ1
I don’t think they should be jailed but shouldn’t be police any longer. The law needs to stop bending the knee to calls for racism against its own people which clearly policy caused harry to be cuffed instantly without investigation instead of medical aid.
As for the coroner said it’s wasn’t the cops fault. True, the murderer killed him, but don’t think anyone thinks cuffing someone hands behind their back with a stab would to the heart didn’t accelerate it.
We was conscious and talking and. Clearly because distressed immediately when his arms and chest were forced open
@Nolimitsu_ I think it'll be a much tougher fight than you expect. Sean has speed advantage but Zahabi is no slouch. You remember this is aldo doing his best to win his last fight and the final round ended up with the bell ringing him on back almost getting finished.