Orriginal.Crypto's avatar
Orriginal.Crypto
orriginal@nostr.com
npub17lpp...zeru
Really sad to see that if you do not pay a relay on demand, you get nothing but probalens afterwards. Oh wel 0 SEE YAAAAAAAAAAAAAAAAl
Please find below, the monthly chart i have been posting on Trading View and X ( not for much longer) and now Here, in the new World. The Monthly Close Colours of #Bitcoin since August 2011. These historical sequences can normaly lead to an understanding of "Flow". However, I do feel things have changed a little, even though the ETF's are a small % of the total Bitcoin Market. So, The hope was that this month would close GREEN as in the past, this has been a the case during a bull run, or lead up to it, after the previous months sequence of colours. There have been 3 occasions with a Green July followed by a Red August and 2 of them had a Red September also. all 3 occasions could be said to have been in a BEAR, the last 2, near the end. HOWEVER, I haqve said before and I will say it again, PA seems to be following the 2013-> 2017 run and the 1st one of these 3 occasions was in August 2015, when the candle sloced red after months of near static Range PA, as we have just had,..September was a small green candle but we then carried on to the 2017 ATH. August 2016 also closed RED with a Green September following. Interesting days ahead as I also have a number of charts that point towards September being a positive month for Bitcoin. We will find out in the next few weeks if they are Valid or not. image
And here is one I been watching for a long time now. Each Vertical line is a Year span. #Bitcoin is following the 2013 -2017 Fractel near perfectly. The smaller arrows are showing you were the path is and the large arrow is showing you the place we are at now, and the same point in 2016, which also happens to be August The retrace in by the end of August 2016 was -28% - We have just seen a -31%. IF we conrinue to follow this patteren, this will lead to a 800K USDT BTC by Nov 2025 ! Will it happen ? Time will tell The retrace in image
While we see the US $ loose Value, it is a false increase in price to see #Bitcoin increase in valule against the $. THE sensible alternative, in my view, is to use the BTC / GOLD pair. This is directly available on Bitfinex or asa BTC PAXG on exchnages such as Binance. AND, as you can see in the chart below, BTC has seen a 273.6% increase in value against GOLD since Jan 2023. since March this year, we have seen a small retrace that has led us to the upper trend line of that channel created. We saw the Lower trend line tested as support in early August this year. We shuold watch this as I am expecting a bounce. If we do not see that, the Lower trend limne may get revisted. If we stay on upper trend line, the apex is 2nd Week October. PA will react before that point, it always does. But it is worth noting that the Bullish trend signals recieved are running low now., However, GOLD itself isd getting exhausted. This could be very good. I doubt it will be very bad image
I have been very critical of the BBC RADIO 2 in recent years but listening to the DJ Jeremy Vine getting his Legs waxed for the first time ever is just priceless HAHA I am not to sure he enjoyed it and a Song was played Very VERY soon after