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colin crypto
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GAIN CAPITAL ‘’All paper money eventually returns to its intrinsic value - ZERO" (Voltaire 1729) "Fiat is the scam that enables all other scams." I DO NOT SELL COURSES 🗣️
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Colin 6 months ago
Bitcoin - Inverse Head and Shoulders Right shoulder still forming Measured target = $150,000 image
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Colin 6 months ago
Global M2 Money Supply vs Bitcoin Next move up soon? Charts pictured: 68 & 76 day offsets Both have a high average mathematical correlation (76.9% and 76.6%) as shown on the bottom of the table in each chart. 76 day is the more accurate long term offset imo, but 68-day gives us the closest short term visual correlation (since April). Key takeaway: 👉 BOTH are showing a move up for BTC soon. 👈 How I'm reading this: This is a form of confluence (both charts showing the same near-term next move). This raises probability of a move up coming soon. Within days most likely. Let's see how it plays out over the coming days. 👀 If these charts are correct, it could get fun soon.
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Colin 6 months ago
BTC $150,000 is cooking 🔹 Current price quite healthy, being above the white support line. (green arrow shows latest bounce from it) 🔹 Inverse Head and Shoulders (blue) setup still cooking. 🔹 Global M2's chart backs the bullish move up even further. 🔹 Gold's recent meteoric run-up backs this move up even further. (see here: x.com/DannyRoundtabl… ) This is all great. Anyone who is worried about Bitcoin is doing so out of emotion rather than rationality. You have to actually wait for sometihng to break down to be concerned. Nothing has broken down. image
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Colin 6 months ago
BTC/SPX (BTC as priced in the S&P500) BTC recently made new ATHs against stocks. Notably holding above support (yellow line) with a strong bounce on the last weekly candle. Looks likely to make another leg up. My question is: How high will BTC/SPX go before it corrects back down to the parabolic support line (blue)? I do think it will do so (once the bull run is over). For now, eyes on the prize (the top of the mountain). image
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Colin 6 months ago
While it may feel "late" to some people to enter Bitcoin at $110k, it's still quite early in terms of total potential. Bitcoin has proven itself globally, but it's still only a $2T market cap. For comparison, Gold is $22T. Gold is an inferior asset to BTC and yet it's valued 10x higher. Sure, gold is a pretty shiny metal, but BTC can do things gold can only dream of. $22T gold market cap vs $2T BTC market cap is a mispricing that will rebalance in time as BTC adoption continues. I easily see BTC reaching $1M within 5-10 years (1 or 2 more cycles), and maybe even $10M+ per coin in some future decade. This being said I'm not saying $110k is a good entry point right now-- that depends on your time horizon. It may be a great entrry point in 10 years. It may be a bad entry point in 1 year. The point is: hold some BTC for the long run! image
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Colin 6 months ago
MASSIVE inverted Head and Shoulders on Bitcoin Target upon breakout is $150,000 When this breaks above the neckline, around $113k, the move will be glorious
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Colin 6 months ago
Do you hold more alts than BTC? Do you wonder if there be further "Altseasons"? For those wondering about their altcoin bags, rest assured there will be a massive altseason. How do I know this? Because when BTC cools off (especially after a big move up), liquidity rotates from BTC into alts (from alpha to beta). This is true of stocks and other assets as well. The phenomenon has proven to hold true in crypto. Historically, alts move up most for a period of 2-8 weeks after BTC tops. They also climb into this BTC-topping period. Why don't I plot Global M2 versus [your favorite alt] despite the numerous requests to do so? Because it's inaccurate. And because BTC leads alts. If BTC doesn't move up, most alts don't have a chance to in any meaningful way. Therefore, it only makes sense to follow BTC as the altcoin leading indicator. Furthermore, altcoins have lower market caps and increased volatility and thus are even less likely to be accurate when charted against M2. So, look at what BTC does first. Here are some hard, cold facts about altcoins: Not all past altcoins will win the same. Some will see new ATHs. Poor ones won't. Not all past outperforming alts will outperform again. Only the strongest will again provide great gains as they did before. Add some luck and narrative shifts to the equation and you have your formula. This is why it's important to pick wisely and why alts (especially mid- and low-market cap alts) are a *GAMBLE*—not an investment. Altcoins are gambling. Altcoin buyers (notice I didn't use the word "investors") should be looking for the periods of outperformance (where alts perform better than BTC) in which to capitalize on outsized returns, but should not be planning on holding them long term. As I've said before: Almost all alts lose value when priced in BTC given a long enough time horizon. Pop Quiz: Where is it best to hold long-term value? Alts or BTC? Answer: BTC. Read this twice: Once the Bitcoin bull run is over, your alt will lose more value that BTC does on a relative basis. The lower the market cap your altcoin, the harder it will get decimated, and the more value it will lose against BTC in the years that follow. I'm not trying to depress you-- I just want to keep things realistic and offer the sobering truth. Cheers and enjoy the gains ahead! image
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Colin 6 months ago
Instead of watching your timeline filed with doom posts of rioting in Los Angeles, California, just stack and hold $BTC. ➡️BTC absorbs greed and turns it into wealth. ⬅️ ➡️ Filter out the noise.⬅️ The corruption of the dollar and human greed is what causes a majority of the problems of the world in the first place.
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Colin 6 months ago
I think you guys may not realize how bullish this setup is. The teal color areas show deviations that marked bottoms before next legs up. BTC is above all key support levels. image
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Colin 6 months ago
Plus, the weekly candle that just closed was super bullish, with a long lower wick. image
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Colin 6 months ago
Furthermore, $BTC just invalidated this head and shoulders pattern. Normally, a head and shoulders can signify a top pattern (if it confirms and breaks down), but if it's invalidated (which it just was), this means the target is actually much HIGHER. image
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Colin 6 months ago
Good info for a bull run: “Top patterns” tend to fail and more often than not will become a continuation upward instead. So when you see a “head and shoulders” that hasn’t actually broken down yet, what direction is it most likely to go? Up image
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Colin 6 months ago
Bitcoin low is in With this daily bullish engulfing candle, it’s looking like the bottom is in. (assuming it closes here or above, in 7 hours) Hope you didn’t get shaken out during the silly Trump/Elon arguing. image
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Colin 6 months ago
After witnessing the @elonmusk and @realDonaldTrump fight/disagreement, the best way to position yourself is to hold bitcoin. It’s evident that the debt-driven, inflation-hungry State will continue to spend beyond its means, with corrupt congress members stealing along the way. The debt burden of America will continue to grow, and its interest payments will become unbearable. Human greed is the downfall of ALL fiat, eventually. We are witnessing the continuation of that. Bitcoin will absorb all of this in an inversely correlated fashion since there is a truly fixed supply of BTC. While the value of the dollar becomes less, the value of one BTC becomes more. In short, the fixed maximum supply, governed by math, is not manipulatable by humans. Bitcoin is how you protect yourself from insane and corrupt governments around the world. image
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Colin 6 months ago
THIS is why we own bitcoin. Politicians are hooked on deficit spending like crack. They cannot stop. image
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Colin 6 months ago
Weekly BTC candles continue forming bull pennant (white dotted lines). Looks like a breakout move in the next 1-2 weeks. BTC still holding above $104.5k with candle closes (Previous ATH range continues holding as support). Bullish. image
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Colin 6 months ago
S&P500 Chart super bullish as long as it holds that support line (labeled “re-test”), which currently it is. Reclaiming that level was big, despite the scared sentiment on social media. Remember: tops are formed in euphoria— not fear. ATHs soon? Chart credit @IncomeSharks image
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Colin 6 months ago
Bitcoin Still holding weekly support. Weekly and daily candle charts shown Ideally, $BTC holds $104.5k otherwise a little bit longer of a correction may be in store (weeks versus days). I’m bullish overall, with long term direction anticipated being UP.
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Colin 7 months ago
To those who say we are “overdue for a pullback”: We just spent 5 months going sideways/bleeding, and just broke out, retesting the previous ATH range as support, which held. “Up more” reks the most sideliners, which imo is the most likely scenario atm. image
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Colin 7 months ago
At a rough guess I give $BTC 3-6 months before the top is in. Obviously, I will continue to monitor things in realtime and make more precise analysis with a variety of metrics (which I will share) but this seems to be a realistic time frame.