What IF? Gold is the clue for BTC? The gold-backed exchange-traded fund (ETF) debuted on the New York Stock Exchange on November 18, 2004. SPDR Gold Shares® or GLD® saw inflows of over $1 billion in the first few days. Spot BTC ETF started to trade in Jan 2024. The most successful ETF launch in history. Not financial advice
CRYPTOCAP:RENDER is one of the main characters in this #Crypto bull market! MACD just crossed bullish on the weekly. Last times it did this it rallied 550% and 700%. This time is not different.
I have been writing many posts about this relationship on twitter, X and online. THe correlation between the two are very close to 1:1 on a log chart. Bitcoin is a genius made digital asset, that is finite, decentralized ( Unless Satoshi is from a government and the 1 Million genesis block is in gov hands ) The more money entering the financial market the...
#Bitcoin is now at the 0.5 Fib retracement. Maybe we go down to golden pocket. But I think it ia fair to look for a bounce here already.
Strong recovery 38% up today for Pyrin! Reacting exactly at the bottom of the channel. There is a possible 7x to the channel top. If this bull market is anything like the past I think $PYI will break above this channel!
Few living in the Euro Zone or in the USD zone understands the importance of #Bitcoin Low inflation makes you careless and needless of BTC! When you live with high Inflation. Bitcoin is a whole other Ball Park. Bitcoin / Turkish Lira has done almost 200% from last Cycle top to now!
#Bitcoin just retested 60K which is the Range low. Now it will probably go back to Range high around 70K
💵 Unpopular Opinion💵 PPI MoM came in today lower than expected at 0.2! But as we can see here below. OIL price is curving up. OIL leads, then PPI ( Producer Price Index ) goes up, leading to Consumer Price Index goes up! 😭 Oil 📈 PPI 📈 CPI 📈 "Soft Landing" they said! More like kick it to tomorrow! Let the future handle recessions and problems! Future Generations...
#Bitcoin is back in range. down-11% Since Jim Cramer was so bullish on Bitcoin. He is a joke and a meme but I would look for reverse everything he say :) Daily RSI about to reset!
I have pointed it out many times why this correction is not anything alike 2000 and 2007. Those of us who studied the Financial Crisis and the Dot Com crash in 2000 knows what the PE was like and what caused the systematic crash of the global economy in 2007.
Nothing complicated. Ascending Triangle with 2 support zones in case 1st one fails. RSI rejection line. This is a possible movement in the 4H chart. Supported by liquidity map. #Bitcoin CRYPTOCAP:BTC If you want more TA and FA follow me on X @seth_fin
#Bitcoin 🔥🔥🔥🔥 "Bitcoin is a remarkable cryptographic achievement... The ability to create something which is not duplicable in the digital world has enormous value." - Paul Krugman, Nobel Prize-Winning Economist. -BTC bullish signals MACD and Bull market band!
If you held the Dollar since 1966 you could only buy 10% of the amount goods for the same amount of money! The Purchasing power of the USD diminished! This chart compares USD PP vs Bitcoin!
Bitcoin weekly RSI about to face the down trend line that have lasted almost 2 years. Do we get rejected again or do we finally break above. Just remember even if weekly RSI break above we can chop side way for a while looking at 2015. #Bitcoin
I have been tweeting about this since June this year. But now I have decided to try out sharing my Idea here on Tradingview! We had massive volumes on the dump of Bitcoin in June this year. The volumes across all big exchanges can be compared to the levels of 2020 corona dump and 2018 bottom. We can clearly draw a trend line on the Bitcoin chart from 69k to 19k...
Bitcoin is in a descending triangle. Obv and Rsi weekly trending up.