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
After an exciting day for all of us, including the NON American contingant in here, It should be understood that Bitcoin PA is Very VERY Much in the rejection Zone - Top of Range, fighting a rising DXY $ and OverBought RSI However, MACD is no where near Overbought yet but is in a rejection zone. On Positive note, My wife is cooking tonight.....
I would Love to know what you Seasoned Bitcoiners think of PlanB's Stock to Flow
The Weekly Bitcoin chart shows you what we up against now that PA has entered Danger zone. 76K is the line we need to cross and hold now. The Daily chart shows the over head resistance we can slide up if we do not get rejected but , Ideally, we cross it and use it as support. BUT this is all subject to the Mood swings in the USa right now. Be cautious Guys and Gals, this could turn around at any time.
Just going to leave this here Welcome any sensible comments Have a Nice day now Y'all image
To say the 2008 Bank Crash was not beneficial to the banking industry is as stupid as saying that The People Vote in the USa actually counts and that the Electoral Collage ALWAYS puts in the person with the most Votes as President.. Anyway, Moving on..................... What a pivotal year 2008 was....................BITCOIN image
DXY $ chart from 1971 to presnant day To say the $ has been propped up until the election is an understament. Just look at what happened in previous Rate cuts. The nearly always Drops. It will no doubt Drop after todays election results come in. The $ is facing Stiff opposition world wide now in the Form of BRICS - over 50 countries that now, no longer use the $ as the Currency of Settlement. This is costing the USA a LOT of money. The $ is becoming less desirable..and When the Rates get cut again, it becomes even less desirable to hold. Who ever wins this election is going to have to explain why they did not suceed in making the $ all powerful again..... And so I say the Electoral Collage will put Mr Trump in power - so they can blame him for Fucking up the economy.....When in fact..IT was ALWAYS going to happen image
4 X 1 hour charts Bitcoin - Gold DXY $ - S&P500 This speaks volumes right now Just Look how BITCOIN is rising, everything else is Dropping This is only a 1 hour chart but, interesting to know. Can't eait to see what happens tomorrow image
The ONLY GREEN candle in all this right now is BITCOIN Charts are DXY $ - GOLD - BITCOIN What does this mean ? Only the BULLS know
Interesting but we may see Bitcoin Price go to 66600 USDT by Tursday, ELECTOIN day The Day of the BEAST you watch ;-) image
Bitcoin Weekly Interesting battle going on with Bitcoin right now. Week before Last closed with a Bearish RED hammer candle. Last Week closed last night with a Bullish Green inverted Hammer. And we now start this week with a small red Doji- undecided We all waiting to see what happens after this USa Election. Still Got Bullish siganls all over. Weekly MACD now rising Bullish but the Mayer Multiple is still below its MA..A true Bullish movement sees this rise over its MA. We will find out soon, whats coming next but we arein a very strong position with TA and patterns, Loads of support below. BUT we do still have that WALL up to 76K Next few weeks could get Volatile. Watch GOLD and DXY to get a gauge of the market leading up to Election results. Hopefully BTC will follow image
Around the time of the announcement from the electoral collage in the USa. about who they have decided will be President, Watch GOLD If that Begins to rise sharply, expect War in the Middle East with in Weeks , maybe 2 months Max. That result is what the "Middle East", Russia and China have been waiting for , before reacting to the actions of The 51st state, The Middle Eastern state of Israel Will be VERY interesting to see how Bitcoin reacts also.... Very interesting days ahead
Expect a reaction from Bitcoin in the next 24 hours MAX with a longer term reaction with in 36 hours.
Bitcoin Weekly Got rejected heavily off that top trend line again and found support on the next one down. We do not really want to drop below that Candle closes tomorrow Whats next > image
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OK, Silly question but where it LOG OUT ? "Why do you want to log out?" because, at times, it is a good idea................
Nice and Simple Bitcoin chart showing we are TOP of Range. It is decision time for PA This upper trendline of STRONG. See how it was Support and resistance int he past PA sitting on support just below...Ideally, we take a berather , cool off and build up strength and then punch through We need to break over 76K and then hold that Possibly volatile couple of months ahead. image
So, Now the October Candle has closed, I can show you some more interesting things about what has just happened. But First, OCTOBER IS THE FIRST MONTH INTO DOUBLE FIGURES AS A GREEN CANDLE CLOSE SINCE 2011 So -> As mentioned, We have only ever seen a RED August followed by a GREEN Sep and October on 3 previous occasions. 2015 & 2016 and then again in 2023 and just now , in 2024 makes the 4th. To me, this backs up the idea that PA is following the 2013 - 2017 Fractal. But there is more to this now the candle has closed yesterday. 2015 August -30% Sep +18% Oct +41% =29% total gain 2016 August -26% Sep +14% Oct +24% = 12% total Gain And so now we move over to what is happening in this cycle 2023 August -16% Sep +14% Oct +37% = 35% total gain 2024 August -23% Sep +30% Oct +30% = 37% total gain The numbers are not exactly the same and, infact, the 2024 figures blow the others out the water from September......but there is a trend there to be seen until Sep 2024 comes in. Maybe wishful thinking and how the next 3 Monthly candles Close will confirm or deny this idea. But it has to be said, the PA has followed the Fractal from Nov 2021 to now pretty accurately..as can be seen on many previous Posts IF we are doing this 2013 - 2017 Fractal, we have a clear Run to a New ATH by end of 2025 or just after, with intermittent RED months while PA catches its breath, like in Jan 2017 It should be Noted that a GREEN October Close does NOT always lead to a Green November.. So we need to continue to watch carefully. image
Bitcoin / Gold Daily PA is still in the descending channel and just got rejected off the top ttrendline. with all the unsettled financial and Macro events, the traditional safe haven is winning this battle but only just the next 2 months will be very interesting but for now, It is a close call between Bitcoin and Gold on a Macro scale image