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I believe the same and Bitcoin hasn’t even begun it’s move up! With all the bad press out there and it’s still the Best in class in the quarter! I think TSLA is going to piece out to be a bigger winner too!
Except I am not a believer that this is happening to Bitcoin as adoption rolls out with major named institutions and others.
I was in both those trades of the gold/silver runs, Marijuana plays and so forth.
I know it’s a cliche to says Bitcoin is different, but that’s my view and we shall see.
Agreed
You’re 100% right on this! Without a clinical double blind study, even with natural substances…it’s scam time!
Is your plan to develop a large following on you tube, instagram or … is this just your enjoyment as a hobby and not a business?
I believe you’re on target with a shot straight there with maybe some chop and slight basing then a major push! The SEC grill job of Gensler in Congress will lean to a positive to Bitcoin! IMO
Fair analysis, but if it breaks through strong…then it could really go in a tear!
But like you said, let’s see and I’m following momentum analysis etc.
You sure did tnc!!
Your post tw deserves a sticky, which I rarely say to anyone! Good Job!
You’re so so right on!!! Peeps should read this post at least twice!! Thanks!
Just as gold had adoption as a storehouse and most everyone said it was anti American and the dollar to support gold as a storehouse of capital, now it’s Bitcoin all over again as Digital “Limited Supply 21M” Gold!!! Wake Up to the Fundamental Change and transport, etc. Benefits!! Retail, wakes up last…because of a lack of economic understanding while playing with their coloring books making arrows here and there. They miss the Big moves!
Absolutely Agree! Fundamentals!
It’s institutional+ adoption for Bitcoin and storehouse of capital. There’s part of the fundamentals!
Bingo! Solid bids pulled and coming in to a level. To stage back up. IMO
You’re absolutely right…because most All of us are adults kiddo!
You’re a visual person is fine and we all have our own style. I use flows, stabilized pricing at zones in relationship to same, increases or decreases in my formula(s) on a daily/weekly basis and more, in my models. It is not easy to post all of these as it isn’t on many other tech sites as we all know. A chart is easy to post and yes I like visuals as well, but I have extensive data sheets and correlate that information on other sheets, too much to post, let alone explain how I arrived at that decision unless it’s verbal…which makes it tough to do here.
My suggestion is in the spirit of our success and I’m on the long add to position side. I do add on dips and am holding on the rips. This is a long term hold for reasons I’ve discussed before, but I believe this is a repeat I went through on the gold and then silver moves from before 1971 and post. Made a killing and I believe this has the odds pointing to being much bigger here. My bet! It’s worked out great for my investment fund since below $300 and this is a storehouse as gold to the institutional side. Retail is not that important in my analysis coming from the Wall Street side, it’s adoption institutionally, Reserve Deposit(s) internationally earmarking a position(s), BRICS+ coming on soon against the dollar with their own swift system, powder keg anger with TikTok for aggressive tactics back at the US if severely restricted or stopped against the US dollar by way of Apple, etc. and much more. The banking system with Yellen and Co. is a total joke and they have no clue of what to do…
The lending window taking on deeply underwater bonds, debt instruments etc. at par from the Fed means those banks are in violation of their charter and the dominoes there are huge if marked to market…so the Fed provides close to face value to banks with massively undervalued paper and bing…welcome to the 3rd world 3 card monte scam…and much much more. I don’t want to flip out for a quick gain to
miss a big run, my call, my beliefs because of the aforementioned and more. I’m in gold and silver too, but much less and heavy in the stocks too. Just laying the cards on the table to have a dialogue. Thanks
Yea, I’m so tired of bragging and instead just want to discuss forward projected target zones as mine are 27,800…27,200,
26,400 and then a revisit on a scale in increased basis subject to flow and momentum at the time of entry. IMO
subject to change with fundamental news developments, naturally. :)
Ok. Good points and for professional investing vs. trading there are techniques and methods I’ve used for years and it’s worked well in equities, options, commodities, options and Bitcoin and some other crypto. I like a pro trade discussion and I’m sure like others don’t get into the discussions on trades, because some people take things personally and I’m only interested in the trade/investment. I’m waiting for some consolidation to add to position and looking at the flows. So far, as we all can see, it’s more at present a see saw. You could scalp a couple of hundred or so, but I’m swamped in my investment banking business (not bragging or being aggressive) which requires many calls throughout the trading day. I would like a correlation with your charts you present and to me it’s possible to increase all our success through better professional communication. I for one would like that. There are people, as we all know that flip day to day with anger about their trade direction being right…sometimes me too to be honest…by comparing opinions and as to why, on a forward basis, then I believe this board by the most part could flourish and do well financially.
I appreciate your last post and open to discuss without personal confrontations.
Thanks
Wrong As Usual!
The cork is bobbing in your laughable charts! Always after the fact! It’s like being at a carnival side show, but no kewpie doll!
Haha! Nailed It!!
Totally Correct!! Spot On!!
Thanks Demo Man!
Great article and post!
I can make a case that you’re right. My MOMO evaluation is that we’re seeing a distribution out of some whale, hedgers, shorts, flippers, cash raises, those moving some money into Alts. The trade feels supportive in spite of these rotation points. I’m seeing Alt movement that’s very interesting and kinda broad based:
ETH, ADA, DOGE, SHIB, LTC, MATIC, ALGO, ICO and many more…I’m not endorsing any of these, they are just making some moves and it’s across the board. A broadening rally day a lot to me and maybe to you and others. This is all IMO.
I agree with your points here 100% and like yourself and many, lived through that historically idiotic and treasonous decision to our nation, our dollar and for future generations purchasing power being destroyed! Opening up of China by Nixon helped companies and destroyed jobs/manufacturing in our country and the rest of the world. Another disaster and carried on by administration after administration. So here we are now with Bitcoin and some other names. But I’m solid on Bitcoin. The ramblings of flippers are short term noise and fortunes aren’t made, but rarely, unless you’re a floor specialist on the NYSE, run trading desks for member firms and other interesting endeavors, ie, hedge fund+, which I’ve lived through and done at all these levels. This Bitcoin is my long term bet and I continue to add on dips. Sure I’ve missed some flips, but in bold runs, most flippers most never get back in. To each his/her own. I’m not here to debate my investment model, but there’s some good and professional input here. We have a lot to add in Intel with our group. Yea, there are some emotional types and when have you ever heard of an emotional investor winning over time? I stick to my own plan and wish everyone here success!
I agree with you that we are very close to blasting off with Bitcoin and I also believe a number of Alts will rally as well. Many are moving today!
Shorts are going to be bbq’d!
Rising tide…select Alts
Bitcoin is the carrier battle group!
Chart that!
Nailed it!
Agreed! Consolidating nicely!
Agreed!
Great photo!
Let’s All Roll!
Nothing like a good story and great coffee at the same time! Thanks
Thanks and it’s just an angry person with no sense of wanting to engage in a professional conversation and commit to a position, because there isn’t one! Just tired of the complaining and not taking a stance and demanding credit for everything and really nothing except a bunch of lines and arrows without saying where Bitcoin should be going.
Thanks and you’re so right on target that your next arrow can split the previous arrow you nailed into the bullseye in two!
They need to commit! Put up or fold…
Just like poker…
My direction as I’ve posted a number of times is north with pull backs to use as add more opportunities. If you’d go back and read my posts, you’d know that.
Write this down, I buy the dip and enjoy the rip! Not hard to remember. I believe the fundamentals and adoption of Bitcoin coupled with staggering problems in our currency, Fed and other loose money/banking controls are setting the stage for a major move up in Bitcoin. Is that clear enough for you? Where do You stand? Please tell us NowWhat2. Thanks
Here’s how Pros call it with projections of numbers and support numbers called out.
You’re taking it personally when suggestions are made for improving the manner by which you demonstrate your abilities. Instead of feeling persecuted, use your talent to lay things out and commit to a direction you believe reinforced by a “Commitment” pricing like people with vast followings do…unless you think they don’t meet your standard either. You could be amazing just liking and adhering to what other successful chartists are doing and being a leader in direction instead of complaining about lost everyone else.
You’ll then create followers and friends, which I think you’d really like.
Look at this chartist’s post in example:
The Daily Hodl
Advertisement
Trader Who Nailed Bitcoin 2022 Bottom Says BTC One Resistance Away From New All-Time High – Here’s His Outlook
Daily Hodl Staff March 19, 2023
A crypto strategist who correctly called Bitcoin’s (BTC) 2022 price floor thinks the king crypto may be one resistance level away from a fresh all-time high.
In a new strategy session, pseudonymous trader DonAlt tells his 48,900 YouTube subscribers that Bitcoin looks really, really good on the monthly timeframe after taking out resistance at $24,000.
According to the popular trader, the breakout is Bitcoin’s first real sign of bullishness since November 2021, when BTC hit its all-time high of $69,000.
“[Bitcoin] hasn’t looked this good in a long, long time. Let’s be real right. When we look at the chart, we haven’t had any bullishness since the all-time high on the monthly. It’s been a complete sh*tshow. Every resistance did its job. There was really no bounce whatsoever. And technically speaking, if this monthly closes above resistance [around $24,000], that’s actually the confirmation of the breakout, the first bullish signal. I think that could run for a little bit.
Usually, monthly signals run for longer than a candle or two, but they just keep on going… I’m just going to say $35,000 resistance and then if that breaks, I don’t think you want to sell before a new all-time high.”
Looking at the weekly timeframe, DonAlt says that he sees a scenario where Bitcoin could rally close to $33,000 before correcting to $27,000 to set the stage for an attempt to take out resistance at $35,000.
“Stuff like that happens all the time. When you get a rejection just before a big level on a high timeframe and then you have a weak pullback or two weeks into just another push into that monthly resistance, and then it actually shows whether it wants to go up or not.”
Source: DonAlt/YouTube
At time of writing, Bitcoin is worth $27,622.
Rock ‘n Roll Man and Thanks! Turn up the volume is right on! BBQ to eat and BBQ Shorty!!!
Get out the BBQ sauce! If it pulls back, I for one will buy more and HOLD!!!!
Big Money doesn’t keep flipping off technicals, but invests looking at FUNDAMENTALS!!! Major Hits are made from long positions held to a level believed satisfactory to the investor or committee.
The dominoes are set and starting to fall!
Bitcoin has just begun with a supporting macro backdrop and then onto further adoption worldwide! Wait till other Federal Reserves around the globe even think about or will add some Bitcoin, as they have gold en mass after we closed the gold window, via Nixon!
It’s Funny is Right Kick! Those that missed the move or short are angry! They feel unloved, but this about leadership. Non-Committal people who miss the Big Run are always mad. They should look in a mirror first! Fundamentals!!! Adoption!!! It’s WakeUp time!!! Florida Sunshine from the Atlantic to the Pacific!! Enjoy the day all and Kick, turn up the volume, the music is $weet!!!
Haha and You’re Spot On!!! I Agree with You!! Run Forest Run is Right!! We ain’t see nothing yet! Dips are buying opportunities to me!!
Here we go and the only ones that really get this momentum/MOMO move that’s just starting IMO, are the one’s focused on fundamentals, long holders, MSTR, some of the miners and those that use charts that “STATE THEIR UPDATED/CURRENT RESISTANCE/SUPPORT LEVELS AND CALL OUT THEIR PROJECTION AND COMMIT TO AN OPINION, ONE WAY OR ANOTHER! Shorty is screwed with the bank, monetary printing presses, geo political and lack of leadership in Washington! Now the banking mess is spreading world wide. With China lowering banking requirements 25 bps… The whining self righteous folks who can’t see the fundamentals are missing the BIG PICTURE HERE!!! I believe this is far worse in the setup than the 2008 financial crises and the 1973-74 skyrocketing interest rates with the word “inflation” used as the reason for what they at the Fed/Washington do, but the REAL reason is incompetence in policy and a nightmare set of policy decisions. They want the small bank me gone and absorbed by the majors IMO and the revolving door from government to Big Banks upon retirement continues. Who was on the board at SVB, a San Francisco FRB member. Why has it
there not been more serious review by regulators prior to the banks going into the danger zone Re their capital? Now there are almost 200 banks!!! Think about that!!
Bank Runs by way of social media is the nightmare zone and we’re in it once the snowball starts at each bank, sadly affected! These points are focused on fundamentals, which rule serious deep pocket money and Not for flippers, because they miss out on Big Runs, like we’re in right now! Enough of the cry babies with their Ouija Board multiple lines and NO STATED PRICE STANCE (UP AND DOWN) BECAUSE THEY HAVE NONE BUT ONE “COMPLAINING” Fundamentals and Adoption will be the key and it worked when we came off the gold standard, which took some time, but look where bars of gold are now in value vs. Digital Gold we have with Bitcoin!! Most all flippers missed the major move in gold. I was there and made a fortune long and bought more on dips…I’ve Never looked back! This IMO is Much Bigger!! Heavy money hasn’t even started to come in here! Buy the Dip and Enjoy the Rip!!! Thanks to All that have said some nice comments to me!! Wishing you All a Happy $$$ Sunday that are long!!
Haha
Long and Strong!!
Now we’re talking!!! HAPPY ST. PATRICK’S
Day is Right!!! Everyone should be happy today and All those that are ing good cheer are Irish!!! ??????
Thanks For the Green Luck!!!
Back at Ya!!!
Sunrise earlier in Florida! Put your cape on and stay away from mellow yellow…haha