#Bitcoin
Not only is the halving approaching after almost 4 years, but Bitcoin is also shaping its typical pattern. This cycle repeats every 4 years. Even though this is not a popular opinion, the halving will initiate the bull run ๐
Ran through a lot with @sonalibasak & @kaileyleinz this AM โ why weโve been forced to rely on court decisions (not sound policy) for regulatory clarity in the US, a potential XRP ETF (!), @Rippleโs recent acquisition of @StandardCustody, and why Ripple continues to take a compliance-first mindset.
https://t.co/9Q7x19Iqbs
#BTC
6 Phases of The Bitcoin Macro Diagonal
1. Pre-Halving Rally
Approximately two months before the Halving, Bitcoin tends to breakout into a Pre-Halving Rally (light blue)
In previous cycles, Bitcoin would reject from the Macro Diagonal at the end of its Pre-Halving Rally
However in this cycle, Bitcoin is currently pressing beyond the Macro Diagonal
A Monthly Candle Close beyond this Macro Diagonal later this month would confirm a historic technical feat...
That Bitcoin has gone against the grain of history to break the Macro Diagonal in the Pre-Halving period
2. Pre-Halving Retrace
Historically, Bitcoin experiences its Pre-Halving Retrace a few weeks before the Halving
And this Pre-Halving Retrace would get prompted by a rejection from the Macro Diagonal
This was the case in 2016 and 2020
However if Bitcoin Monthly Candle Closes above the Macro Diagonal later this month...
The Pre-Halving Retrace could figure as a retest of the Macro Diagonal in an effort to turn it from old resistance into new support
3. Macro Diagonal Rejection
Bitcoin tends to reject from the Macro Diagonal Resistance in the Pre-Halving period
In 2016, this Macro Diagonal prompted the Pre-Halving Retrace
Whereas throughout 2019 and 2020, Bitcoin rejected from its Macro Diagonal on three occasions before the Halving
However, this Macro Diagonal weakens over time
In the Post-Halving period, this Macro Diagonal offers the last but weakest rejection before getting broken
4. Post-Halving Re-Accumulation
During this period, Bitcoin tends to consolidate following from its Pre-Halving Retrace
This consolidation figures as Re-Accumulation in preparation for the next breakout move
In the context of the Macro Diagonal, historically this Re-Accumulation phase has taken place below the Macro Diagonal
However should Bitcoin Monthly Close above the Macro Diagonal at the end of this month....
It's possible that in this cycle, the Re-Accumulation range would develop on top of the Macro Diagonal
As a result, the Re-Accumulation phase could facilitate the Macro Diagonal Retest (black circle)
5. Macro Diagonal Retest
Historically, this Retest tends to occur in the Post-Halving period
And it is this Retest of the Macro Diagonal as new support that enables Bitcoin to breakout to new All Time Highs and transition into the Parabolic Upside phase of the cycle
Breaking to new All Time Highs has historically occurred ~215 days after the Halving
6. Post-Halving Parabolic Upside
Once the Macro Diagonal Retest is successful, a Bitcoin confirms uptrend continuation that enables a breakout from the Re-Accumulation phase
Bitcoin then transitions into its most parabolic phase of the cycle
It is during this phase Bitcoin experiences accelerated growth on its way to Price Discovery and new All Time Highs
#BTC #Crypto #Bitcoin
#BTC
It's now fully confirmed
Time has officially run out
Bitcoin has now completely transitioned into the Pre-Halving Rally phase
$BTC #Crypto#Bitcoin
The Wall Street Journal again calls out the fact that โAmericans live under constant threat of an arbitrary administrative stateโ from lawless regulators. The last line of defense are the courts, and the lawyers and clients willing to fight.
RSI for the #XRP/#BTC pair in the weekly time frame stands in the same place as it did before the 2017 & 2021 XRP Bull Runs.
RSI tells us, the 2024 Run is here.
๋ฑ ๊ฐ๋๊ฐ ์ ํต์ ์ธ ๊ฐ์น๋ฅผ ์ถ๊ตฌํ๋ ๊ธ์ต๊ธฐ๊ด์ด๋ผ๋ ๊ฒ์ ๋์ค์๊ฒ ๋ณด์ฌ์ง๋ ๋จ์ํ ์์ง์ฑ์ ๋ถ๊ณผ ํ๋ค.
ํ์ฌ ETF์ ๊ฐ๊ฒฉ์ด ๋ ์์นํ๋ ค๋ฉด ๋ ๋ง์์ฌ๋์ด ๊ตฌ๋งคํด์ผ ํ๋ค.
์ด๊ฒ์ ์ฐ๊ธฐ๊ธ์ด ํ๊ณ ์๋ค. ๋์ฑ ์ ๋ฏธ์๋ ๊ฒ์ ๊ฑฐ๋๋์ ๋๋ฆฌ๊ธฐ ์ํด ๋ ๋ฒ๋ฆฌ์ง๊น์ง ์ฌ์ฉํ๋ค๋ ๊ฒ์ด๋ค. ๋ฐ๋ผ์ ์๋ฆญ๋ฐ์ถ๋์ค์ ๋ฐ์ธ์ ๋์ค์ ๋ฒผ๋ ๋์ผ๋ก ๋ชฐ๊ณ ๊ฐ๋ ๋ฐ์ธ๊ณผ๋ ๊ฐ๋ค.
๋ฑ ๊ฐ๋ ๋นํธ์ฝ์ธ์ ์ต๋๋ก ๋ณด์ ํ๊ณ ์๋ ๋ง์ดํฌ๋ก ์คํธ๋ ํฐ์ง์ 2๋๋์ฃผ์ฃผ์ด๊ณ , ์ฑ๊ตด์ฅ ๋ผ์ด์๊ณผ ๋ง๋ผํค์ ์ต๋ ์ฃผ์ฃผ๋ค.
์ํธํํ๊ฐ ๊ทธ๋ค์ ์ ์ฒด์ฑ์ ๋ง์ง ์๋ ๊ฒ์ด ์๋๋ผ ๋์ค์ ์์ด๊ณ ๋ค์์ ์ด๋ฏธ ๋๋ฆฌ ๊ตฌ๋งค๋ฅผ ํ๊ฒ์ด๋ค.
ํ์ฌ ETF์ ๊ฐ๊ฒฉ์ Largest U.S. Pension Bought Up Intel, Nvidia Stock, Largest U.S. Pension Bought Up Intel, Nvidia Stock ์ฐ๊ธฐ๊ธ์ด ๊ฐ๊ฒฉ์ ๋์ด์ฌ๋ฆฌ๊ณ ์์ต๋๋ค.
'1์กฐ 5์ฒ์ต ๋ฌ๋ฌ ๊ฐ์น์ ๋ฏธ๊ตญ ์ฐ๊ธฐ๊ธ์ ๋ ๋ฒ๋ฆฌ์ง๋ฅผ ํตํด ์ํ์ ์ถ๊ฐํฉ๋๋ค.'
'๋ฏธ๊ตญ ์ต๋ ์ฐ๊ธ์ด Intel, Nvidia ์ฃผ์์ ๋งค์ ํ์ต๋๋ค.'
๋ฑ ๊ฐ๋์ ๋๊ท๋ชจ ์๊ธ์ ์ ์ ๋ง์ง๋ง ๋ฒ๋ธ๋ก ๊ฐ๋ ์ฃผ์ ์ด์ฐจ์ด๋ค.
The perceived traditional values of Vanguard are merely symbolic to the public. ETF prices require more purchases to rise, with pension funds participating and even leveraging to increase trading volume. Eric Balchunas's comments could be seen as leading the public to a precarious position. Vanguard is a major shareholder in MicroStrategy, a significant Bitcoin holder, and the largest shareholder in mining companies Riot and Marathon, indicating their involvement in cryptocurrencies isn't against their identity but a concealed strategy. The rise in ETF prices is driven by major US pensions, adding risk with leverage and investing in Intel and Nvidia stocks. Vanguard's significant capital inflow marks a bubble journey for the stock market.
@EricBalchunas #bitcoin #doorinati #Vanguard @cryptoHayes
Hi all. 2 weeks back, we discussed #XRP completed the correction and targeting $0.60.
XRP formed Wave 1, hitting $0.5796 & bounced from the Orange Resistance for the daily frame.
The correction should be considered to
Fibonacci #Support Levels:
$0.5508, $0.5214, $0.5085
It might not necessarily hit $0.5085 but that is the final level at the moment.
When I check the weekly frame, the correction will not last long but a couple of days which is good to proceed to the,
Fibonacci Targets:
$0.6443, $0.6649, $0.7646
As previously discussed, April is expected to be great for #Crypto & $XRP
I was strolling Amsterdam today, gathered my energy and shared this with you. Shot a photo where you can find it on the profile.
Have a great Saturday with your loved ones!
#ripple #xrparmy
Great discussions on ODL or programmatic sales of #XRP are ongoing and created significant FUD where I had no impact.
Meanwhile, XRP preparing for the surge.
Just see the $0.6649 level & how quickly it escalated towards an all-time high and the $2 level previously.
All will unite again.
#ripple
#BTC
5 Phases of The Bitcoin Halving
1. Pre-Halving Downside
The Pre-Halving Downside phase is officially over
It ended with this week's new Weekly Candle Close
Bitcoin has now officially transitioned into the Pre Halving Rally phase
2. Pre-Halving Rally
Approximately 63 days remain until the Bitcoin Halving in April 2024
And ~60 days before the Halving, a Pre-Halving rally tends to occur (light blue)
With the recent Bitcoin breakout, it appears Bitcoin is even slightly ahead of schedule
In anticipation of the Halving, investors "Buy the Hype" in an effort to "Sell the News"
Short-term traders and speculators "Buy The Hype" several weeks before the Halving in anticipation of making a profit from this hype-fuelled rally
Then these speculators "Sell The News" to realise that profit, contributing to a Pre-Halving retrace which occurs only a handful of weeks before the Halving event itself
3. Pre-Halving Retrace
After the Pre-Halving Rally has concluded...
A Pre-Halving retrace tends to occur a couple of weeks before the Halving event itself (dark blue circle)
In 2016, this Pre-Halving retrace was -38% deep
In 2020, this Pre-Halving retrace was -20% deep
This Pre-Halving retrace can last multiple weeks, making investors question whether the Halving was a bullish catalyst on price after all
4. Re-Accumulation
The Pre-Halving retrace is followed by multi-month re-accumulation (red)
This period can last up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
5. Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth on its way to new All Time Highs
$BTC #Crypto #Bitcoin
The #Bitcoin Magic Bands have continued to be respected perfectly.
After breaking Yellow Level 1, price headed straight toward Blue Level 2.
Unlike other mid-tops though, after a quick drop to a secondary level, price is retesting Level 2 again at $49,600.
All mid-tops have brought a correction to the lower primary levels shown by the red highlighted dots, and long sideways periods.
These bands say, that after a firm break of a primary level to the upside, it is a move to the next.
Level 3 looms above at $84,500.
This level has never been hit before outside of the context of a cycle top parabola, which usually lasts a matter of months.
If price continues, things might get interesting!
Hi all. #XRP had 3 consecutive candles close above $0.5286 in a 4-hour Time Frame.
Daily candle will close within hours, and it is also important to target $0.60 in days.
The Orange resistance & $0.6649 is still the Key.
Cheers!
#XRP has broken $0.5286.
Next, $0.5540 - $0.60 within hours, as discussed.
I like when people mocking on us.
We will mock & rock in the end.
Road to $1.88, $5.85
I thought the Nine would get a bit weaker as GBTC outflows subsided but they're getting stronger. Another half a billion day beyond GBTC bleed, up to +$2.7b net rolling flows and $10B in total aum. $IBIT now at $4b in aum w/ half a bil in volume yest, 2nd day more than GBTC.
Hi all, here is a quick update on the daily chart of #XRP.
We have the daily break confirmed for both RSI & Price.
Road to $1.88
Have a great weekend!
#ripple