I have been against a TikTok ban for a long time, because it goes against freedom of speech.
That said, the current situation where TikTok is allowed to operate in America, but 𝕏 is not allowed to operate in China is unbalanced.
Something needs to change.
JUST IN: JP Morgan says Institutions bought the dip while Retail panic-sold aggressively.
Retail sold -$1 BILLION
-2.5 standard deviations BELOW the 12m average
Institutions bought +$14 billion
+2.9 std dev ABOVE the 12m average
#BTC
4 Phases of The Bitcoin Halving
1. Pre-Halving Rally
Approximately 30 days remain until the Bitcoin Halving in April 2024
And ~60 days before the Halving, a Pre-Halving rally tends to occur (light blue)
History has repeated in this respect
In fact, the Pre-Halving Rally breakout was a little ahead of schedule by a handful of days
However, Bitcoin is now slowly transitioning away from its "Pre-Halving Rally" phase and into its "Pre-Halving Retrace" phase
Pre-Halving Retrace tends to occur approximately 28 to 14 days before the Halving
And with Bitcoin having pulled back -11% last week, it is looking like history is once again repeating
In fact, much like the Pre-Halving Rally, it looks like the Pre-Halving Retrace may be a little ahead of schedule by a handful of days as well
Nonetheless, if this current downside continues in the coming weeks, this will be the confirmation that the Pre-Halving Retrace is firmly underway
So even though Bitcoin has performed a historic, never-before-done feat in its price action in the Pre-Halving period by breaking to new All Time Highs...
Still history has found a way to repeat itself
The "Pre-Halving Rally" began pretty much right on schedule
And it also appears like the "Pre-Halving Retrace" is beginning pretty much right on schedule as well
Th Pre-Halving Rally phase has been extensive but it may very well be ending as we speak
The next step is the "Pre-Halving Retrace" phase
2. Final Pre-Halving Retrace
A Pre-Halving retrace tends to occur a 28 to 14 days 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
Currently, $BTC is 30 days away from the Halving and has pulled back -11% last week
This Pre-Halving retrace can last multiple weeks and up to 77 days
This year, Bitcoin has experienced a -18% pullback in January, a -14% pullback in early March, and now a -11% pullback is in progress
Therefore it's possible a Pre-Halving Retrace, should one occur, would more likely be on the shallower side than on the deeper side
Also, this Pre-Halving Retrace could also be much shorter than has otherwise been the case historically
3. 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
However, in this cycle it would be the very first time that this Re-Accumulation Range could develop around the New All Time High area
As a result, this Re-Accumulation Range may simply take the shape of a regular sideways range and may not last very long before additional uptrend continuation
4. 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 into a parabolic uptrend
Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle
$BTC #Crypto #Bitcoin
WHO IS RIGHT? My friend Dave Ramsey says “Live debt free.” I say “I use debt to invest. I am $1.2 billion in debt.” Again who is right?
My answer is for most people with low financial acumen, Dave’s advice is the smarter advice. For the financially educated and experienced my advice may be better. I know you’re smart enough to know whose advice is best for you. Take care.
If Elon Musk was not the owner of X, anyone discussing the Epstein list would be banned unless they falsely claimed Trump as the only person mentioned.
🚨JUST IN: Blackrock CEO Larry Fink on today’s #Bitcoin rally:
“We’re hearing from clients around the world about the need for crypto”
“This rally is way beyond the ETF rumor”
“More people are running into a flight of quality like crypto”
If these sentences don’t turn you bullish, I don’t know what does…
No entiendo como hay gente que pueda justificar los horribles crímenes de guerra que está cometiendo Israel. Esto no es una competencia de quién ha matado más gente. Tenemos un genocidio en marcha y hay que denunciarlo.
🏴🇵🇸 Scotland’s First Minister, Humza Yousuaf:
“My family have nothing to do with Hamas — But they are, along with a lot of other Gazans, potentially going to suffer collective punishment.
And that cannot be justified.”
Most people do not understand that the #Bitcoin Spot ETF that BlackRock filled for they need to have physical Bitcoin to back their Spot ETF.
Either they have already acquired their Bitcoin a few months earlier at cheaper prices, Or they are intentionally manipulating the prices downward currently to create a more favourable entry point for themselves.
Which I think is the more likely scenario. Because BlackRock makes money on performance fee.
Don't be fooled. Wall Street is coming to Bitcoin!