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
Top 10 Lighning Wallets - No need to look further than here. I will never ask you for your email address for obvious reasons. Sometimes mistakes can be made. Being an Adult is understanding that this can happen. But moving on - > image
#Bitcoin 4 hour image ice push up from #BTC but has not broken that line of resistance it dropped below earlier today Caution is required if we cannot get back over that line.
Sometimes, #BITCOIN PA can be explained without words Support / Resistance levels all very clear and the risks involved image
On September 18, The DXY Support group ( The FED, a group of PRIVATE BANKERS ) will announce it decision about Rates and the expectation is for a Rate cut. Amoung many things, this cut will result in less return from investing in the $ itself. The chart below is the DXY INDEX since Dec 2015 and we can see how the pull back worked previously It went to the 382 retracement, bounced, got rejected again, went to the 0.5, got rejected, bounced off the 618 and went right back up untill March 2020 This time has been so VERY different as the $ is under SERIOUS pressure both internally and Externally. As we can see, The retreat by PA has been propped up as much as possible to Stop it fallling below the 0.5 retrace line. It has bounced 3 times previously. It failed recently and has since then, bounced back hard to get back over that 0.5 ( see 2nd image ) Next, Look what PA did when Rates began to be raised, later than many expected. But once raised, PA continued on its way higher. This could not be sustained as a New problem hit the realms. BRICS - initially, BRASIL RUSSIA INDIA CHINA SOUTH AFRICA all agreed to STOP using the $ for international settlements on trade and oil sales. THIS ALONE COSTS THE USA $BILLIONS ANNUALLY And now, there are over 50 countries NOT using the $ for internalional settlements...and this time, the USA cannot invade the countries concerned, like it did in the past ( Lybia, Iraq, Syria, Egypt etc ) So the FED / SEC and other agencies have been propping up the $ But now, it has to stop.... What will the $ do now.................... And more to the point, where will the money go as soon as traders begin selling the $ because there are higher returns elsewhere. This is a VERY consise recent history, it goes way back to Henry Kissenger in 1972. HE bagan all this and a lot more, like the unrest in the Arab world. And the world is pissed Off and so, are beginning to take the Sweeties away from the bully. The $ Is under HUGE pressure, It will break despite it still being the worlds largest currency....What will the USA do when countries begin to default on National Debt Loans.. ? ALL National Debts are owed to PRIVATE banks and most of them are in the USa We are on the edge of HUGE CHANGE and if you have read this far...Thanks but understand, the little I have said here is the tip of a very Large, spikey Iceberg.... May you all live your lives in peace and Harmony and with BITCOIN
And on a slightly different note, How many people remember pulling into a petrol station and someone would come up and ask you how much fuel you wanted put in and then THEY would do it. It was a different world not that long ago you know.
So while we all wait to see what he DXY SUPPORT GROUP....err...sorry...THE FED say on the 18th September about Rate Cuts in the USA, here is a chart I have been posting elsewhere since 22nd March 2022 This is the History of BTC PA and the Fed Rate Rises and as you can see, the Rates actually had little effect on BTC PA. It was the impact on other things because of Rates, that effected BTC PA...like LUNA and FTX. BTC still began its rise to current levels just after a 50 point raise and continued to rise despite further rate rises after that. We have had nearly a year of 0 rises and look at BTC PA. The Biggest effect has been the approval of the BTC ETF's So, Will Rate Cuts effect BTC ? Very likely but what we all need to remember here is that, traditionally, when the Fed pivots, Traditional Markets Fall.......... Will Bitcoin follow suit ? It is foolish to say a definitive response to that. We just do not know, Bitcoin has NEVER been in this position. But I am inclined to say PA will respond positively. That maybe a hope more than knowledge lol. If the traditioanal Markets fall, that money has to go somewhere and it will not be the $, Lower Rates gives less returns. GOLD is the traditional deposit. BTC may well tempt many.. I hope so We will have to watch On chain and Traditional charts VERY closely on the lead up to and just after. image
I was always told, while growing up, "Never accept second Best" ETHEREUM or BITCOIN Never accept Second best seems to be a thing in Crypto. This ETHBTC chart very clearly shows how BITCOIN has Massively out performed ETH since Nov 2021 and is comtinuing to do so. SELL ETH But BITCOIN it is that simple image
Some interesting things happening in the Crypto market as a whole. Here are 4 charts that begin to point out these. TOTAL CRYPTO MARKET CAP - On a fragile line of support it has used before to push to ATH TOTAL2 - Total Market cap Minus BTC - PA has been rejected off the line it needed to hold as Support and now sits on Midline of that area of support TOTAL3 - Total Market cap Minus BTC & ETH - This shows PA has been sitting on midline Longer than total2 and, so far, it has held 3 retests so far. Could this be the New Floor ? THIS MUST HOLD for ALT Market. OTHERS -Total Market Cap minus Top 10 - It is THIS chart that I thinnk MANY need to see. It has already lost support, lost the retest and so now is heading lower, towards a make or break line for ALTS. The Arrows point towards previous occasions on this line and it is strong. PA is currently trying to hang onto a line of support that has proved good in the past. FINGERS CROSSED FOR ALTS
TOTAL CRYPTO MARKET CAP We could be at a deciding point on this one. image
#Bitcoin Daily I been posting this chart for ages on other platforms and now Its here. I drew those Arrows on the left in April, based on retracement levels made possible by the sharp rise during the "ETF Push". It took a while but we have hit 3 out of the 4 targets and I am not discounting the possibility of doing the 4th with a sudden dive, Long wick before we push higher. It may not do this but the chance exists, so I have my spot order down there and a little lower than the 41700 USD suggested by the Fib line. And I reckon that could happen before that box runs out, again, been there since around April. - 2nd week of September..A time to watch, or there abouts...and the problem for me, I will Not be near a computer... "WHAT ? Is that possible" ? YUP.. By choice ;- ) image
I been following this idea for a long time now and of all the previous cycles, this one is the closest. The 2013 -> 2017 ATH's overlaid on current PA from Nov 2021 ATH This idea can break at anytime and it should be remembered that there is no guarentee this will continue but until it stops, then it works. And if this does continue, Just look at that New ATH in September Next year ! image
So, Whats BULLISH for #Bitcoin right now ? So many things. We can go into the ON CHAIN side and see Sell side pressure has rediced, Profit / Loss stats are leveling out and so on but lets go Traditional and easy. Bollinger Bands are envelopes plotted at a standard deviation level above and below a simple moving average of the price. Because the distance of the bands is based on standard deviation, they adjust to volatility swings in the underlying price. Bollinger Bands use 2 parameters, Period and Standard Deviations, StdDev. The orange Dots are the BASIS or Average. See the Lower line, where the arrows are ? See how PA moved higher when PA was on that lower line for any length of time ? We have been sat on that line for a while now and the Odds are for a move higher. But there is no promise of that, so, be cautious but I think we may well see a Dip lower ( maybe) and then a Shoot higher. If you use Leverge...STUPID..You have not learnt your lesson yet have you ? image
All those Negative people who keep talking about #Bitcoin returning to 30K USDT What is the basis of their argument ? To put it simply, when you are the top, the only way is down. I do not adhere to this argument on this occasion though but Technically, it would be Stupid to ignore it completely. That Red line down near the Trend line is the 50 Week SMA, which, if you look back, Has acted as support. So, If PA Looses to the Bears, that is a very real possibility but I do not think we will loose out to the Bears, Not yet. So, We keep an eye open image
Here is something a lot of people seem to have forgotten about. THE BITCOIN HALVING and the number of days AFTER that we tend to get a new ATH So heres a little chart to refresh your memories. Please understand, this is a monthly chart so day count have a lee way of + - 15 days but near enough Nov 2012 Haling - New ATH 365 days later Dec 2013 July 2016 Halving - New ATH 518 days later Dec 2017 May 2020 Halving - New ATH 304 days later March 2021 and again 518 days after Halving in Nov 2021 And NOW, We had a Halving in March 2024 - we are only 153 days after halving. So, we have a way to go. and if the count works again, ATH will be around Dec, as so many charts point to and as has happened twicwe in the past SO just hang in there Guys and Gals image
As a contrast to the BTC USD chart just posted, the PAXG BTC ( tokenised GOLD pegged 1:1 like a stable coin ) is loosing Value to BTC BTC is THE gainer rigth now, beating the US $ and GOLD image
#Bitcoin USD Index LOG PA gaining against the USD this morning and plenty of room to continue this push higher. The MACD is below Neutral ( bottom indicator) and RSI has just touched Neutral. We could easily see 60K + today if this continues image
Since the 2008 Low, the US $ has gained 58.5 % In the same time span, GOLD has gained 158.4% Created in 2008, Bitcoin has increased in price by 36,221% - YES you read that correctly
This is the Bitcoin PAXG ( tokenised Gold) on Binance So, While everyone else was Loosing out with USD back stablecoins, If you had sold your BTC to PAXG ( or dierectly to GOLD on Bitfinex) you continued to make moeny. No brainer It is touch and go right now as to which is the better option but over all. PAXG is beating BTC but we are coming to resistance. be cautious image
Bitcoin / Gold Bitfinex BTCXAUT BTC still holding its gains over Gold since the beginning of 2023. However, the traditional markets are turning to Gold as the "Safe Haven" and since Oct, Gold has seen a steady rise in Value. The NEW thing to do is IGNORE THE US $, it is loosingin value and so are you when you sell your BTC out to USDT. When you trade your BTC out to XAUT ( Bitfinex) or to PAXG ( Binance etc) you manage to hold or increase its value in REAL terms. Trade Wisely my friends image
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