Hodl
Bitcoin Trends DownwardBitcoin has trended downwards, after attempting a 50% retracement of the selloff from mid September. We are currently finding support at $41.7K, just above the last two key levels of the $40K handle. Some green triangles on the KRI suggest that we are getting some support here, and may see an uptick soon. Both Kovach Momentum indicators (blue and purple lines at the bottom of the chart) are extremely bearish suggesting that we are oversold and due for a bounce.
Bitcoin Fractal 2011-2021The last time a movement of this type was seen, and according to multiple indicators, such as mfi , macd , rsi , and their levels of divergence.
We find this scenario, to which we add two Dma of 50 and 100 periods, where we saw very similar movements, to tell the truth and seeing metrics such as LTHS, SOPR, currently none indicates a BearMarket or Bear Market. ✳️
From other points of view not added to this same chart, there were also lower consolidation times (100-150D) and not as much as this 300 days. ♻️
With respect to previous charts we continue to maintain as Target in the short-medium term of 57k, beyond that, purchases for less than 41.8k are good as well as Ethereum at -2.8k 👍
Reverse Repos - ATH - KarmaGeddeon Bid Expands to $1.35 TrillionNon-Financial rated Debt, Corporate Debt will begin to roll over as GDP Forecasts,
although no longer provided... does not matter, the Global Economy is once again
on the Steep Decline.
Supply Chain Issues compound monthly, with no end in sight.
The answer is, Buy STONKS, they are the New, New, New, and Improved Liquidity Economy.
Stocks are the Economy for most Americans. GDP is resolved with Gains in Zombie Companies
buying Trillions of their own shares.
1.6 Million Options were swapped for Tesla Friday, 52% Calls.
The Gamma Squeeze for protected entities is in trade.
Yeah, Naw, we'll pass for now, wait for the Pullback into the Final Stage of this Historic
Bull Market.
Commodities are pitching a large Bis as the Safety Trade is back in force.
There will be a final Blow Off Higher into 2022 as Debt Markets join the idiocy until
it all simply implodes.
2022 is going to be a very difficult year for most.
Perpetual Bonds are assured, the reset there will require a degree of patience while the
"Distribution Phase" requires time.
Insider selling remains robust, Retails are going All-in on the YOLO.
Meme's will begin to roll over and collapse into the next Sell, which is ahead.
We will see how long they can continue this Distribution .
Margin Debt remains elevated at Highs.
INever forget Crammer issuing Buys in March of the DotCom peak for the most bloated
overvalued JUNK Stocks which promptly collapsed from $600 to $0.
2022... one for the Books after 5/5 completes.
Bitcoin Maintains the RangeBitcoin is ranging between $40K and $45K. This was a previous value area for BTC. We have made a few attempts to break lower into the $30K handle, but these were quickly bought back. Currently, we are meeting resistance at $43.8K, and several red triangles on the KRI appear to confirm this. The Kovach OBV is quite flat, which provides confirmation to our assertion that Bitcoin should hold its current range. We will need some momentum either way to punch through $45K, or breakdown to the $30K handle.
SRMUSDT : SERUM on deck🧴*NOT FINANCIAL ADVICE: This idea IMO for personal use only*
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An update from my last chart dated 15/Sep:
Still very bullish on this one and continues to be a long-term hold strategy.
Has the potential to do another Solana since it's their DEX exchange and built on their technology.
At the time of charting this it ranks #91 on coinmarketcap which is a jump from #125 on charting, and an increase of market cap to $966.2M from $511M on last charting.
$SRM is a DEX with eco system said to be much Faster, Cheaper and more powerful than DeFi. Designed around a fully on-chain central order book and matching engine.
It's the ONLY high performance DEX to exist at the time of writing this. *Read that again*
One to watch. For now, I have just bought a small hold bag and have set some buy orders for lower too as I'm expecting some further pull back before the next leg up ( DCA ). Defo staying bullish & watching this one.
Using naked price action analysis:
🔸 ATH , Volume , Fib confluence zones and levels, bullish descending and flag formations
🔸 For Trading: Suggested Entry, SL & Exit points are my theory only.
🔸 For Holding: Since this is a hold strategy / bag-set-and-forget strategy, I will DCA along the way on dips only, so any entry is a good entry.
🔸 Currently available on Binance, Uniswap, Sushiswap, Serum Dex. Head over to CoinMarketCap for full details of listed markets and tokenomics metrics. Only use the contract address officially listed on their website or on CMC , *be wary of scam listings elsewhere*
As always, watch for volume . Do your own research, check on-chain data. Always be watching BTC .
This is not Financial Advice.
Good chat.🤖
Previous Chart 15/Sep:
BTC - Long Con ConcludingUS Congress authorized CBDC - no surprise there. It is the DEBT
reset.
Erase Liabilities from the US Balance Sheet and all other Nations.
Chose your Habitation Domocile carefully as many States will
push back.
We are in the process of relocating to a more sane State, not that
it will matter in the longer term, but then we do not plan on being within
the US in the next year.
Central Banks around the Globe have Digital "Currencies"
fully authorized.
Questions?
Please direct those to your State Representatives.
Answers?
To be expected, DEBT Failure.
Cryptos... Deck Chairs being re-arranged.
Bitcoin Rejects $45K!!Bitcoin took a sharp nose dive at $45K. We informed you yesterday that the buying in crypto was weak and we still aren't convinced of the rally. This sharp selloff took us back to $41.9K, which is a strong level of support and we have $41.6K just under this. We have two more levels before we can think about the $30K handle again. The level $45K remains a significant barrier if Bitcoin gains strength.
Bitcoin Catches a LiftBitcoin caught some momentum and we have broken past levels of resistance at $43K. We did not have the steam to make it to $45K, which was a previous value area. There is a cluster of levels around $45K, which should provide resistance and will be the next barrier for BTC if it catches more momentum. But we appear to be seeing momentum wane at the moment, and the Kovach OBV has slumped to reflect this. Watch for support at $43.1K and if this does not hold we should see support from $41.9K and $41.6K
BTC KEEP THE CHARTS SIMPLE AND ZOOM OUT!BTC is looking bearish short to medium term.
Levels marked with O are very important for the bulls at $42,000-43,000, if these break then the next target marked X would be $36,000-38,000.
This is also the target of the Head and Shoulders pattern.
For BTC to be bullish we have to break above $47,000 and hold as support, if we break below $35,000 then there is nothing stopping us going lower.
Safe trading.
Bitcoin Holds a Narrow RangeBitcoin has established value just above the range it was holding after the selloff. Currently, we are trading sideways in a very narrow range between $47.4K and $48.2K. There is a vacuum zone above to $49.7K, but we do not appear to have the strength to test it, at least for the moment. The Kovach OBV appears dead for now, and it will take significant momentum to break through to upper levels. But $49.7K is the last major level in the $40K handle, the final barrier to the $50K handle. If we break down, we should see support from $46.2K.
Bitcoin Drifts HigherBitcoin has gradually drifted up to break the upper bound of the range it had held between $43.8K and $47.4K. We are meeting resistance one level above at $48.2K. This rally seems very weak by crypto standards. The Kovach OBV has barely moved from lows, and the price action is clearly quite gradual compared to the large spikes of momentum that we typically see when Bitcoin breaks through a level. Watch for resistance here at $48.2K. If not, we have a vacuum zone to $49.7K, which is the last major level in the $40K handle.