@Matt41145588 Created by an agency doesn't necessarily mean it can't be repurposed. It requires energy to mine, which is "physical" in nature. As long as the ledger and code are transparent and open source, it doesn't matter. It trumps everything else we've got
@DynamoXDD@Matt41145588 It's not about believing the ceasefire. The market is obviously ready to pounce and potentially leave people behind until it's time to bring everyone down back into hell in a couple weeks when everyone is bullish again
This system is not about timing tops and bottoms. It's about entering before a potential surge in price takes place. It's about riding momentum when it occurs, and not be shaken out while minimizing losses and maximizing R/R. Across a basket of stocks it performs quite well. It's just another way to play the game
I've thought this particular bit over so many times but if there was any conclusive evidence Trump has committed any particular pdf crimes that Dems wouldn't have hesitated to release that bit of the files during presidential campaigns. Their desire to maintain power would've overridden whatever they're trying to hide imo. They would've just released the files and dealt with the blowback vs allowing it to come this far, because all the fraud can only be maintained with power. It's certainly easier than trying to give migrants welfare to create voter blocs or giving power to opposition that can reveal all the ongoing fraud
Gotcha. ๐ค How the heck did I miss that lol I try to read everything from you. Thank you. I'm trying to piece it all together because just from simple analysis of price structure and action we're holding price that was resistance multiple times in past years and so I'm trying to wrap my head around how a breakout, retest, could last much longer
Also I just see so many stocks like the BTC miners, COIN and MSTR setting up for at least a decent bounce that I don't see how they do that without BTC also having some sort of significant bounce
Is there anything in the BTC chart determining how long we should be ranging for? I remember you posting we're potentially having a supercycle but man, another low in the works sounds like even more ranging for a few months. I am surprised the market would let us accumulate at these prices
It's interesting that new lows are possible in April while closing above 70k. Quite the volatile weeks we have coming up. Is there any aspect to Ichimoku that can tell us why this volatility is possible or is it just simply 'as it is'?
Have you looked into MSTR/(BTC/IBIT) pair charts? There has been an outperformance by MSTR for many weeks and since MSTR front runs BTC would this be useful for you to tie into what you expect BTC to do?
I see others calling for it to be necessary for a bull div to occur so that we can get a stronger bounce into a bull run. For you, it seems like you don't care about those things as heavily as just simply allowing time to dictate price.
Currently the local price structure is objectively decent enough to allow the possibility of a push above 80k as long as some recent lows hold.
In what cases would your thesis of a new low after March be invalidated and how can we use Ichimoku to see if that's even on the table? Or is a new low basically predetermined due to the price/time theories?
@EWTracker I think the wave counts make sense but the 2W candles are heavy resistance with the lagging span underneath and we need more time to go by before the ceiling is raised. 2W resistance gets raised to 93k on April 13th. Currently 81k-74.4k for the next 2 biweekly candles
I think it's key that BTC doesn't necessarily need a harsh dump to new lows but that wick will fill let's say we drop to 63k from here, ETH could dip to 1400 or whatever instead of its Feb5 low and everything else will go even lower than those lows
Like you said certain 2W candles are resistance until then and failing to break above that during this time period is not impulsive enough. That means this whole thing is corrective and anything can happen by April 12th
@ChartingGuy CEOs that have stuck around for the whole duration, while bringing company value up massively over a long period of time, deserve to liquidate shares. That's the largest incentive besides innate desire to leave a legacy via innovation
@BestTrader01 It's easily calculable for the earnings so I would imagine it's a nonfactor since there's no guessing. The only marginal differences would be from the software side
The price difference is from MSTR being a buyer of last resort, absorbing the drawdown through MSTR shares instead. This is also because MSTR is the only way BTC/IBIT longs can hedge their positions. The opposite will be true when the market is shorting on the way up and they need to long MSTR to hedge.