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Daily Perspective:
The Wyckoff model could play out in the coming weeks, as it often involves three taps. So far, we’ve observed two successful taps. The third tap could occur higher than the previous one or, in some cases, result in a swing failure pattern (SFP).
1H Perspective: Last week, we broke the strong 1-hour low, likely to accumulate liquidity near the 25% mark of the 4-hour range. However, as of this weekend, the 1-hour chart shows a successful bullish break of structure, indicating that the 1-hour structure is currently bullish.
Market makers are expected to attempt to mislead retail traders ahead of a major downward move.
4H Perspective: The strong 4-hour low, currently at 86,700, remains unbroken.
The data suggests a slowing momentum. It’s likely that this upward trend will end soon—potentially within one or two months—before we experience a significant correction.
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We're thrilled to unveil Uncharted 2.0—a futuristic platform designed for smart investing and effortless portfolio management. Get ready for an experience like never before.
I commissioned a research report, written by @samcallah, to quantify bitcoin's correlation to measures of global money creation relative to other asset classes.
Result: bitcoin moves in the directional of global M2 83% of the time; more than other assets.
https://t.co/ODKNqvzdis
BlackRock just put out a nine-page white paper that makes case for bitcoin ETF as a "unique diversifier" that can hedge against fiscal, monetary and geopolitical risks, also incl section called "Bitcoin's path to $1 trillion market cap" 👀 Read whole thing here: https://t.co/saNVfZGlmM
Gold was demonetized because it required trust.
#Bitcoin is more scarce, portable, divisible, verifiable & sealable but most importantly:
#Bitcoin achieves unmatched monetary properties without relying on trust.
"All benefits are lost if a trusted party is required" - Satoshi