Rajat Soni, CFA's avatar
Rajat Soni, CFA
rajatsonifnance@nostrcheck.me
npub13wl6...np8z
🎯 I'm the Bitcoin guy πŸ’Ό 10 years of finance industry experience 🧠 1 BTC = ∞ USD
In my previous order flow analysis, I accurately forecasted a long position at $60,900, which has subsequently contributed to a more than 5% increase in Bitcoin's price. We have re-entered this particular price range and successfully breached the Point of Control (POC). Should $BTC sustain its position above the POC, there is a strong potential for it to ascend towards $71,000, reaching the upper threshold of this range. #Bitcoinimage
This morning, I spoke to a client who asked me what the chances are that the #Bitcoin halving will happen tomorrow Some people are still on the sidelines because they think it may be canceled... WE ARE SO EARLY 🀯
How can #Bitcoin be a Ponzi scheme if there are no debts or borrowing involved?
#Bitcoin pulled back quite a bit to $60,000 yesterday and I didn't buy any It's not because I'm timing the market... It's because I'm out of cash πŸ˜‚πŸ˜‚πŸ˜‚ I buy Bitcoin whenever I have extra cash flow I'll buy more the next time I get paid, and the time after that, and the time after that The price doesn't matter 1 bitcoin is worth $1M+ to me I'm not selling below that unless I lose all my sources of income Why would I care if the market is selling it to me at a slight discount from last week? I'm going to accumulate regardless of price when I have extra money, just like I did with index funds in the past The short-term volatility doesn't bother me I have a 10+ year time horizon
Some things have changed so much, While others have stayed exactly the same #Bitcoinimage
If you have a portfolio with: - 10% allocation to #Bitcoinβ€―β€―β€― - 90% allocation to S&P 500 And you don't touch the portfolio again for 20 years (no money in or out) Bitcoin: Let's use a 35% return for the next 10 years then 30% for the following 10 S&P 500: Let's use a 10% return for the next 20 years At the end of 20 years, your portfolio will be 90% Bitcoin, 10% stocks - the allocation would have flipped!
Bitcoin experienced significant selling pressure today, breaking out of what is typically a bullish falling wedge pattern. However, this breakout has not yet been confirmed. If the price remains below the $61,500 level on the daily chart, the breakout could be genuine. If not, it might be a false breakout, potentially leading Bitcoin back into its previous trading range. #Bitcoin image
In 30 years A burger and fries will cost $75, A vacation $68,000, And a basic car $198,000 (only $1,400/month with 240 months amortization - a steal!)image
Another $500M of #Bitcoin was bought and stored away Probably won't be sold for years, or maybe ever again (if used as collateral) Most people have 0 Bitcoin exposure This purchase just eliminated another 8,000 whole coiners 🀯image
Blackrock's Bitcoin ETF, IBIT, now holds 272,138 BTC, up 1,162 from the last trading day. 900 BTC are issued per day. Around April 20, this will drop to 450. Blackrock clients bought 1.3x the amount of BTC that was produced.image
BREAKING: The Federal Reserve may sustain interest rates at current levels for the foreseeable future because recent data "shows lack of further progress on inflation." Will the US government continue to be able to pay the interest on its debts if rates remain this high? The Federal Reserve plans to keep rates high as long as needed to bring down inflation.
The #Bitcoin halving is in 3 days 🀯 Let me explain what's happening πŸ‘‡ Conclusion: Bitcoin is a long-term game, so a lot of coins will be held for decades. Something that you have to consider is that we have never seen an all-time high before a halving in the past. Bitcoin balances on exchanges are the lowest they've been since 2017. Some people still think that the halving will be canceled. None of this is priced in. In January 2025, Bitcoin's price will very likely be much higher than it is today!image
$BTC I'm mainly trading the ltf constructions until we see HTF confirmation of bearish continuation (local trend) or a reversal into liquidity (possible start of more upward price movement ) Fairly clean price action, where I focus on clean sweeps into local rotations....as always, cover your risk and keep playing; it's the only way to learn this game πŸ‘ #bitcoin #Trading
If you missed out on investing in Apple 15 years into the stock going public, it's fine because nobody told you about it Same thing with Microsoft, Nvidia, Facebook, Amazon, and all these other massive companies We're 15 years into #Bitcoinβ€―β€―β€―'s creation I tell people to BUY and TRADE every chance they get If you're reading this tweet and you miss out on Bitcoin, you have NOBODY to blame but yourself You don't need much money to buy Bitcoin Just buy fractions of coins here and there and set them aside for a few years Bitcoin will not only impact your future but also the future of every generation that comes after you Don't be the grandparent or great grandparent who tells their kids' kids that they ignored the most important innovation in money in thousands of years
Today's trading scene hasn't changed much since the last update. $BTC is holding steady, finding a comfort zone under its recent pattern of higher lows. If Bitcoin dips below the $61,500 mark on the daily chart, we could see it slide towards $58,000. $ETH is in a similar position, closely watching the $3,000 level. A close below this could lead Ethereum to fall towards $2,500 or possibly even lower.image
I actually post less during bullish price action because it's typically the 'buy this and hold until it goes higher' phase. But as a trader, it's the complete opposite; most $$$ is earned when others lose interest. Remember, the market is just a vehicle to redistribute money from one party to another. #Trading
Someone just paid the equivalent of 20,000 CAD to send a Bitcoin transaction worth ~77,000 CAD. WHY? This makes no sense to me. Was it by mistake?image
The people who will benefit the most from Bitcoin aren't even born yet. The world will be completely different on a Bitcoin standard. 1) Housing will be cheaper 2) War will be more expensive 3) Food won't be toxic sludge 4) Government-subsidized monopolies will no longer exist 5) The cost of living will be deflationary
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