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
People in the UK will probably have heard of a TV program called "The Gadget Show" and one of its presenyters called Jason Bradbury. I was watching that show in 2013 and was mildely interested when he said that a friend had told him about something called "Bitcoin" and that one day, it was going to be worth a $ million a coin and that while the Coin price was $33, why not buy some just incase. And so began my journey. Sometime, those seemingly non important moments or Actions can turn out to be LIFE CHANGING. THANKS MR BRADBURY ( BTW, I seem to remember he had said he had bought Loads )
Bitcoin 4 hour shows us the Lovely start to the week that PA has had but also shows how we are gettign near a Wall.. 69855 is the line and around that we also have the rising trendline. The TOP of Range. RSI is Overbought here and on Daily BUT we could see it push through if the Bulls want to..Maybe break over that line and then test as support ? OR we get rejected and duo back down Time will tell us........... I am remaining cautiously bullish image
This is how I see it playing out. Follows the 2013 to 2017 ATH Fractel I keep going on about - Fractel is on chart as Bars..PA is yellow line. The image says it all BUY BTC NOW BECAUSE IMAGINE, THIS TIME NEXT YEAR - PA AT 500K AND YOU DIDN'T BUY !! But do remember, there are NO guarantees here....NONE Only invest what you can afford to loose. image
#Bitcoin closed the week RED but thats not a bad thing As you can see, That candle came back down and perfectly tested that line of previous resistance as support..that held.. So, Now, we open the week GREEN and we currently Sit at around 68500 We have a LOT of resistance overhead Once again, we need to watch that DXY and Gold... Our time is coming Are you ready ? image
Don't know about you lot but, for me, this Fractel, the 2013 to 2017 ATH, is still being followed. The potential here is HUGE The expected New ATH in Dec this year will be NOTHING by comparison to the end of 2025 if we continue along this line image
What is interesting right now is how the Bitcoin SPOT index price is RISING and currently at 68491 usdt at time of writing The CME Bitcoin price is 68865, FALLING from a high of 69070 just a few hours ago Will be very interesting toi see what happens when they meet
Tether Unveils Satoshi Nakamoto Statue at Plan ₿ Forum in Swiss City Lugano Oct 27, 202417:15 GMT+1 The world’s largest stablecoin issuer, Tether, has joined hands with authorities in the Swiss City of Lugano to unveil a new statue of the pseudonymous Bitcoin creator Satoshi Nakamoto at the third annual forum of the Plan ₿ initiative. According to a press release by Tether, the Satoshi Nakamoto statue embodies the Bitcoin creator’s mystery and innovation, honoring their vision and legacy.Tether Unveils Satoshi Nakamoto Statue in Lugano The statue was designed by the artist Valentina Picozzi in a way that plays with an observer’s perspective. It gradually disappears as an observer changes their position to the front or back, and it fully depicts an image of a man focused on his laptop if observed from the sides. The image symbolizes Nakamoto’s disappearance from the public eye after creating a path for the decentralized financial system. “This artwork serves as a reminder of the enduring influence of Satoshi’s vision, inspiring us to continue pushing the boundaries of innovation and financial freedom. It’s an honor to unveil this tribute to a visionary who reshaped the world of finance and empowered millions globally,” said Tether CEO Paolo Ardoino. Tether asserted that the statue serves as a reminder that the principles of decentralization and financial sovereignty continue to thrive while Nakamoto’s identity remains hidden. It sits in front of Lugano’s Villa Ciani.Embracing Crypto Payments Since Lugano launched the Plan ₿ initiative in collaboration with Tether two years ago, the city has made giant strides in adopting Bitcoin. The initiative enabled its residents to settle public service fees and taxes in bitcoin (BTC), Tether (USDT), and its own Lugano’s Swiss-franc pegged stablecoin (LVGA),recognizingthe assets as legal tender. The city hosts a Plan ₿ forum each year, bringing together blockchain industry leaders, government officials, and Bitcoin enthusiasts to discuss the future of cryptocurrencies and decentralized finance. Michele Foletti, Mayor of Lugano, said: “Lugano is rapidly becoming a leading hub for digital innovation, and this statue honors Satoshi Nakamoto but also embodies the forward-thinking spirit that drives our city. We are proud to host the Plan ₿ Forum and to support the growth of blockchain technology and digital assets, and we are thrilled to now be home to this statue honoring the creator of Bitcoin.” In December 2023, Lugano fully embraced crypto payments byincorporatinga technology that allows residents to handle their expenses by scanning the invoice QR code via their preferred mobile wallets.
Bitcoin Daily MVRV Z Score The MVRV Z-Score evaluates whether BTC is overvalued or undervalued relative to its "fair value". Instead of using a traditional z-score method, the MVRV Z-Score uniquely compares the market value to the realized value. The MVRV ( yellow ) has shown strength by bouncing off the 1 fib line twice But as yet, the Z Score ( green) has to break over and not continue to be rejected off the same line. As you can see from this chart, We can begin to get excited when the Z Score breaks over 1 and then begins to catch up witht he MVRV line. In a TOP of a Bull run, the Z score actualy over takes the MVRV and leads the way. We are Just waiting for that to start..It is WHEN and not IF
And while I am talking abou tthe chance of a #Bitcoin pull back, it is worth understanding that ther CME Bitcoin price is currently 67285 The current Bitcoin price is already 67637, which creates a GAP It may only be currentyl around 400 4 But GAPS GET FILLED And so, this is another eason we may see a Dip down, certainly to the CME area. This can give us some very good Buying opportunity. Just look back over thge CME chart. GAPS GET FILLED. It is only in the Full one Bull run that they can get Skipped over. image
The Daily LOG chart shows a lot more strength PA sitting on the line of the VRVP on right of screen, with Support just below We have had 2 spikes of Selling and now thisa has calmed down RSI has retraced some and now has turned - Thi cold lead to an overbought PA on the daily which is not so cool on a sunday noight / Monday but RSI can and does range high. If we loose support at 65600 we could see 63700 Resistance above begins arounf 70K usdt image
I been away for 5 days and Not a lot has changed. On a linear chart, PA is still in the range we have been in since March 2024 We are at Top of Range and the Daily MACD is still starting to turn Bearish, leading to an almost certain pull back in BTC PA. this could follow tghe FIB circle dow the intersection the arrow points to. The VRVP shows heavy resistance also. The DXY $ has had a good week last week and there is an expectation this may continue Gold has also been rising and this is also likely to continue while th eworld is exposed to the uncertainty of mad men with bombs. The end of Oct and th beginning of Nov maybe Negative but sentiment remain very Bullish. The intersection I have pointed out is around 8th Nov... 3 days after the USa , ot morte accuratly, the Electorial collage decides who is the next president. BTC will likely move after that choice is made.
OK, I'm off for a few days - the Land of TAX FREE Crypto gains calls, Southern Europe and they have great wine too. What is not to like. See ya on Sunday
And finally, one idea that also points towards a Late 2025 ATH and, for me, what we are following this time round. the 2013 -> 2017 Run It just fits and even if we go into the day chart, this firs, with a tolerence for error and Adjusted Macro Time will tell if this happens or not. See you in the FERRARI show room image
The chart explains itself really. For me, we are Midway between the 2013 - 2017 cycle and approaching the point of Take off -> Anytime in the next few months. image
I posted this Bitcoin Daily MVRV Fib retracement chart the other day and, interestingly, Look at that. Rejected off the 382 retrace fib line. What is MVRV ? MVRV (market-value-to-realized-value) is a ratio of an asset's Market Capitalization versus its Realized Capitalization. By comparing these two metrics, MVRV can be used to get a sense of when price is above or below "fair value", and to assess market profitability. Bitcoin is still relatively underpriced. but sailing into headwinds currently image
I cannot help wondering what the average age of the Worlds Bitcoiners is... Above or Below 40 ?
The First chart is one we are all familiar with by now, the #Bitcoin Weekly chart with its bullish Flag, just waiting to get going. The 2nd Image os not one I see very often anywhere. It is the ADX and the DI + & DI - The ADX ( Yellow ) Shows us a strength of Trend. It does NOT show us the Direction of Trend though in this example, it appears to follow that recrmtly. The Vertical Dashed line on the right is where we "Topped" out after our push up since Jan 2023 and you can easily see that until October 2023, the trend was Low Key, Ebbs and Flows. The REAL Trend began when we began seeing ETF input and though the ETF Volume is a small % of the whole picture, It created a trend that drove Price higher. This is also reflected by the DI + , the Direction Indicator, Shown in Orange on the chart. This is a Momentum indicator. The + for positive and, obviously, the - ( red ) for negative momentum. So, in March this year, Dashed line, we saw things turn around. And Now, we have an interesting situation. The ADX, Strength of Trend, is gettign Near it Low point. A point where it turns, rarely ranges. It can stay below the Neutral line however, showing Weak trends but it will change. I remind you, it does NOT show trend direction. So, what this is showing is change is near. But we do not know in which direction. So now we turn to the DI + & - We Seem to be in a similar situation to March 2018 ( Bold Dash on left ) . Having Dropped from a high, we have DI - above the orange DI +, while ADX drops further. PA ranged for 240 days before ADX finally picked a positive strength and it was 336 days before PA actually picked up. If this repeats, It is June 2025 before a stronger Trend takes root and September 2025 before we get a real up tick in price. This does not stop PA going Higher, as we see from Jan 2023. the ADX moved slowly there and PA did pick up and the earth didn't shake. I will keep my eyes on this. There are a number of projections that point towards a new ATH in early 2025, ( Maybe even Dec 2024 ) but he Biggie, is in Late 2025. The ADX does move in waves and as we have seen here, Can point towards up and coming Action...sometimes months before hand
The easiest way to View a #Bitcoin Daily chart , is like this right now. Don't bne scared. This is good image
4th rejection of this line ? Have we actually been making a CUP and Not the Descending channel we all thought we were in ? We will have to wait and see if we get to get over this line of resistance or we continue to create this Cup Pattern we seem to have created since March this year. If that Cup is Valid, it could throw a lot of ideas out the window for a DEC ATH but would Look excellent for the Early 2025 ATH and then more. Time will tell image