Orriginal.Crypto's avatar
Orriginal.Crypto
orriginal@nostr.com
npub17lpp...zeru
Really sad to see that if you do not pay a relay on demand, you get nothing but probalens afterwards. Oh wel 0 SEE YAAAAAAAAAAAAAAAAl
Another of my #Bitcoin daily charts We are back in the red zone but we do not tend to remain here for too long The same chart bit as a Weekly puts it all in scale
#Bitcoin Daily Got to be said that Bitcoin is beginning to look a little Bearish and yet at the same time, we do have support and so, while a max Drop for me is around 51K, we may not go all that way. But, again, it has to be said, 51K is the lower trendline on the channel we been in since March. It is possible to arrive there again. We have been posting a series of Lower Highs and Lower Lows. This is con good if it continues HOWEVER, it could also be said we are still printing the handle of a CAP AND HANDLE Pattern and untill the handle drops below the Cup rim, it is still valid. So, in short, PA is at a Cross roads and undecided It needs a Kick up the backside to get it started Sometimes, technicals just do not Cut it. image
The Problem for #Bitcoin is shown if we use a LOG chart..that Long Term resistance trend line REMAI~NS as that Simple #Bitcoin Weekly chart using the Linear format That is called a Bullish pennant and PA has supposrt on a long term trend line Which one do you want to use ?
Please find below, the monthly chart i have been posting on Trading View and X ( not for much longer) and now Here, in the new World. The Monthly Close Colours of #Bitcoin since August 2011. These historical sequences can normaly lead to an understanding of "Flow". However, I do feel things have changed a little, even though the ETF's are a small % of the total Bitcoin Market. So, The hope was that this month would close GREEN as in the past, this has been a the case during a bull run, or lead up to it, after the previous months sequence of colours. There have been 3 occasions with a Green July followed by a Red August and 2 of them had a Red September also. all 3 occasions could be said to have been in a BEAR, the last 2, near the end. HOWEVER, I haqve said before and I will say it again, PA seems to be following the 2013-> 2017 run and the 1st one of these 3 occasions was in August 2015, when the candle sloced red after months of near static Range PA, as we have just had,..September was a small green candle but we then carried on to the 2017 ATH. August 2016 also closed RED with a Green September following. Interesting days ahead as I also have a number of charts that point towards September being a positive month for Bitcoin. We will find out in the next few weeks if they are Valid or not. image
And here is one I been watching for a long time now. Each Vertical line is a Year span. #Bitcoin is following the 2013 -2017 Fractel near perfectly. The smaller arrows are showing you were the path is and the large arrow is showing you the place we are at now, and the same point in 2016, which also happens to be August The retrace in by the end of August 2016 was -28% - We have just seen a -31%. IF we conrinue to follow this patteren, this will lead to a 800K USDT BTC by Nov 2025 ! Will it happen ? Time will tell The retrace in image
While we see the US $ loose Value, it is a false increase in price to see #Bitcoin increase in valule against the $. THE sensible alternative, in my view, is to use the BTC / GOLD pair. This is directly available on Bitfinex or asa BTC PAXG on exchnages such as Binance. AND, as you can see in the chart below, BTC has seen a 273.6% increase in value against GOLD since Jan 2023. since March this year, we have seen a small retrace that has led us to the upper trend line of that channel created. We saw the Lower trend line tested as support in early August this year. We shuold watch this as I am expecting a bounce. If we do not see that, the Lower trend limne may get revisted. If we stay on upper trend line, the apex is 2nd Week October. PA will react before that point, it always does. But it is worth noting that the Bullish trend signals recieved are running low now., However, GOLD itself isd getting exhausted. This could be very good. I doubt it will be very bad image
I have been very critical of the BBC RADIO 2 in recent years but listening to the DJ Jeremy Vine getting his Legs waxed for the first time ever is just priceless HAHA I am not to sure he enjoyed it and a Song was played Very VERY soon after
#Bitcoin Daily LOG chart Today, once again, #BTC PA waits for Economic Data from the USa and today, it is the QoQ GDP. Once this come in and if it goives confidence, then we should see a continued rise in PA. We will have it fairly easy to around 60800 and then pockets of resistance exist. Today and Tomorrow could be interesting. Idealy, This months candle needs to close Green, September is often a red month and so this could lead to confidence issues in the market. Lets see what happens in the next Few days, which happen to be a Weekend also. image
When I began using #Crypto to try and generate an income, I had NO idea of the real Wealth that was inside that world. The People - the open Minds, the debates, the knowledge and the real truth that all that exposed. We really are on the dawn of a new world and I am privileged to seen even just a part of that
HELP - I can like and Zap today but what ever I do, I cannot reply to any post does anyone have an idea why ? I am new here so...could be anything lol
#BITCOIN 4 HOUR CHART I been posting this chart on X since about Jan 2023 and in its current Zoom since March this year. All but the last level the arrows are poiinting to have been met. It should not be thought that the 4th cannot be reached, though it is becoming increasingly unlikely. I do believe we are about to rise up out of the channel but we may get held back by that rising line of resistance, I am a strong believer thatr Fibonacci Circles can often be used as Flags and I will not change on that front. And we are approching one from 2nd week of September, a time that many belive is to be Bullish.me included. But caution never hurt anyone. Have plans in place image
This one of my Favorite charts. Monthly candle colour on Close. Patterns are formed and we can see how trends follow on from previous cycles. And Looking back over previous years, should this month close GREEN, it is a ~VERY Bullish signal after the last 6 months colours. We have one week to wait. and we are a RED Hammer currently. All to play for image
#Bitcoin Weekly simple chart showing centre line....and a Xoomed version s howing the current position on it image We aer below the centre line but maybe about to find support
This is my Long Term Bitcoin Idea. We went into channel in March 2013, having previously tested the line as resistance in May 2011 From this point, we went into ATH in Nov 2013, tested upper trend line as resistance and then went back down. And the "Cycles" began Trendlines become Valid with a minimum of 3 touches and Both these lines have multiple tests. It is obviously possible to break out of the Channel , as it is possible to break over it. Currently, we have just risen over a "central " line and testing as support. The Orange line is a Fibancci Spiral that acted as resistance till PA broke out in October 2020. See how the deep bear tested that as support in Nov 2022. there is so much more to this but that is the simple version and what I have based my Bitcoin strategies on. I am still in profit image