🚨 BTC IS SHOWING A CLASSIC WYCKOFF PATTERN
I’ve been tracking the 4H structure, and the current price action is starting to resemble a Wyckoff Distribution schematic
We’ve already seen the Phase A, Phase B, then UT/UTAD sequence, with the move toward $87K fitting the potential UT/UTAD area
The rejection that followed is now the important part
If this is indeed Phase C, the next step should be a series of SOWs and LPSYs - each rebound failing lower as support gradually gets lost
That’s exactly what I’m watching for now
If the structure continues developing this way, Phase D -> Phase E would become the next logical progression
I'll warn you
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Muslims living with Hindus = Problem.
Muslims living with Buddhists = Problem.
Muslims living with Christians = Problem.
Muslims living with Jews = Problem.
Muslims living with Sikhs = Problem
Muslims living with Baha’is = Problem.
Muslims living with Shintos = Problem.
Muslims living with Atheists = Problem.
Muslims living with Muslims = Big Problem.
This led to:
They’re not happy in Gaza.
They’re not happy in Egypt.
They’re not happy in Libya.
They’re not happy in Morocco.
They’re not happy in Iran.
They’re not happy in Iraq.
They’re not happy in Yemen.
They’re not happy in Afghanistan.
They’re not happy in Pakistan.
They’re not happy in Syria.
They’re not happy in Lebanon.
They’re not happy in Nigeria.
They’re not happy in Kenya.
They’re not happy in Sudan.
Where are they happy?
They’re happy in Australia.
They’re happy in England.
They’re happy in Belgium.
They’re happy in France.
They’re happy in Italy.
They’re happy in Germany.
They’re happy in Sweden.
They’re happy in the USA and Canada.
They’re happy in Norway and India.
They’re happy in almost every country that is not Islamic.
Whom do they blame? Not Islam. Not their leadership. Not themselves.
They blame the countries they are happy in.
They want to change the countries they’re happy in to be like the countries they came from, where they were unhappy.
This is the most important chart in the world today.
It's the chart of the Japanese Yen vs the USD.
Why is it so important?
1. For 30 years Japan has 0% interest on their currency.
2. As a result for 30 years investor borrowed YEN at no cost and invested it globally. They invested in T-Bills abroad and a basket of risk assets including the Nasdaq.
3. For the first time in many year the BOJ increased interest rates this week by 0.25%. This was almost unprecedented.
4. As a result of the increased interest rates and the signal to the market, investors are now concerned that the money they borrowed for free is no longer free and therefore they are unwinding their trades and sending the funds back to Japan.
5. The estimated quantum of this trade is over $4 trln!!
The only question that remains is how aggresive they will be but for now YOU MUST KEEP YOUR EYES ON THIS CHART! If it keeps strengthening risk assets are going to get murdered!!
Counties spend Billions in taxpayer money to have the Olympics hosted on their soil. It’s a unique and rare opportunity to show off your country and drive image and ongoing tourism!
For France it has done the EXTREME opposite. It’s almost like they paid to destroy their already declining image.
If was a taxpayer I would fire the leadership!
@AltcoinDailyio@Kevin_Cage_ Yes crypto can easily survive this. The crypto community can simply just create another DEX. And then another and then another. We can create a dex faster than they can sue us. There is a limited amount of them and millions of us.
The whole system will collapse. They will trigger safe stops to try and slow it down. But when it can’t be stopped the Banks will use bank bail ins that has been drawn up through the Dodd Frank act signed in the US and came into effect in 2010 after the 2008 global financial crisis. A similar act has been also issued in the UK EU and here in Australia, basically all G7+nations. Your credit, and savings will be frozen and you’ll be issued bank shares or the likes, for example CBDC’ central bank digital dollars. A run on the banks will usher this system into place. They are scrambling to cut off all exits from their enslavement system. Cross the bridge to a decentralised world before it’s too late. Self sovereignty is 🔑 #Bitcoin
Since @garygensler won't abide by his own polices to "come in and talk”, the House GOP will hold him accountable. Today, as promised, our oversight of the @SECGov begins with a request for documents surrounding their interactions with @SBF_FTX, @FTX_Official, and @TheJusticeDept