"tOm LEe iS UnDErWatER, sO ETH CaN'T Go uP UnTIL he CapITULatEs"
reality: he has no leverage, has the ETH staked and will earn the company money, and based on the way DATs work he can mostly only buy when price is in an uptrend
let me repeat that: based on the way DATs work he can mostly only buy when price is in an uptrend
you may think that model is dumb, but that is how DATs tend to work. so like Saylor, ETH DATs will just be top blasting all day
and i think you're a bit redacted if you believe he's gonna "capitulate"
there's no liabilities to force him to do that afaik. shareholder pressure could be a thing, but also, most shareholders who can vote probably knew what they were signing up for
$ETH
Sorry what was that again? blue line?
I'd like to think were close to significant enough low around here for a mean reversion into the daily bands.
Cheers
$BTC has spent the past 8 years inside this rising channel.
Price just fell into the bottom quarter of the channel, for the first time since December 2023.
Current channel lows sit around $50-55k, but that floor keeps climbing higher.
I would not ignore this.
There are rumblings that the ISM data being released tomorrow is going to come in above 50, with some estimates even over 51.
If that happens, it is very significant.
Here we have:
- Bitcoin
- Copper/Gold
- ISM/PMI
For those who are unaware, the ISM reading is essentially whether the economy is in contraction or expansion based on manufacturing. A reading of under 50 is contraction, and over 50 is expansion.
You can see here very clearly, every single time since Bitcoins inception, when ISM has pushed back towards the 52 level after being in contraction(under 50), it has marked that:
1. The Bottom is in for COPPER/GOLD
2. Bitcoin has begun its true expansion phase
You will notice that the PMI reading has been in by far its longest contraction ever, and this is a key piece of data that explains why this bull cycle has been so different.
It is the first time ever that Bitcoin has made new highs whilst the PMI has been in contraction.
It explains why this bull cycle has been so weak because the foundational state of the economy/liquidity has not been there to support it.
Its not a coincidence, by any means.
In addition, this is all happening as GOLD has very likely finished its mega run, meaning COPPER/GOLD is very likely bottomed, with COPPER pushing, in line with high manufacturing and development business happening...
Contributing towards the increasing PMI.
Just as Bitcoin is approaching its invalidation levels for HTF structure break, and almost everyone has now succumb to a year long bear market.
All of this is linked together and telling us the same story.
If PMI comes in close to 52 tomorrow, I expect this to be a market shock and begin the reversal phase throughout Feb.
This is data that truly matters.
$HBAR is actually a very simple one- anything in the green zone on the USD pairing is a buy on HTF imo- so:
Option 1 would be to simply ladder bids between .04-.08.
Option 2 would be to wait until the HBAR/BTC pairing (2nd chart) hits the range lows (we are ~18% above right now) and then buy at whatever USD price that equates to.
@CredibleCrypto Hey cred, what’s your laddering strategy? How do you ladder in if you break your order into 20 or even 50 orders? Do you have equations for that so that it buys exponentially as price falls?
As this flat pattern on Bitcoin continues to deepen in its final leg, it's important to note that in expanded flat patterns price can break high time frame structure, print a lower low, before then continuing higher. This goes against everything you are being told by the bears, surely a lower low would be a bear market confirmation, but you can see right here in the charts of Google and Nvidia that this is not always the case. In fact, it is everyone going short at the break of structure that fuels the reversal higher. Trends are not black and white, bull or bear, there are other way to look at things.
EVERYONE PANICS AT THE BITCOIN SWEEP.
Zoom out.
Every major $BTC rally started the same way:
– Brutal flush
– Confidence shattered
– Quiet accumulation
That pain isn’t random.
It’s the launchpad.
Bitcoin isn’t breaking the script.
It’s following it again.