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
Bitcoin / Gold Daily PA is still in the descending channel and just got rejected off the top ttrendline. with all the unsettled financial and Macro events, the traditional safe haven is winning this battle but only just the next 2 months will be very interesting but for now, It is a close call between Bitcoin and Gold on a Macro scale image
Bitcoin 4 hour PA holding Ground and hopefully, this will go no lower now. MACD on Neutral and RSI oversold and turning up. If support Fails, we REALLY do not want to see below 66500 as that would create a lower Low. But, on a longer Term scale, we are OK and I will post the Monthly chart soon... Very interesting data in that that points towards a very happy Future image
Montly Candle Close Colours since 2011 I know October has not closed yet but I want to show you this. Assuming today doesn't see a catastrophic Drop, October will close green and this backs up my idea that PA is following the 2013 - 2017 Fractal and here is why- The ONLY times we have ever seen a repeated RED August, followed by a GREEN September and October was in 2015 & 2016 We had that pattern in 2023 and it looks like we are about to do the same in 2024. If this plays out, we have 14 months of increases to look forward to image
OTHERS MARKET CAP Top 125 coins minus Top 10 by Dominance. This shows some Serious Losses since March, with a recovery since Late August Stiff resistance over head may lead to possible further Losses however MACD and RSI are in a good position to continue rise should Bulls allow. CAUTION image
TOTAL3 MARKET CAP ( Exc BTC & ETH ) Initially, this looks VERY similar to the TOTAL2 chart just posted BUT the major difference is simply that PA Is ABOVE that line, using it as support It is a weak support though and PA has fallen trough previously but there seems to be an under laying strength in this chart currently Room on MACD and RSI for more moves higher. image
TOTAL 2 MARKET CAP ( excluding BTCc ) This clearly shows how Bitcoin has been leading the way. PA is under heavy resistance here and has tried 3 times since August 2024 to break above it and Failed. Last time it was here was in June 2021 and it was rejected to the lower line of this range before it recovered. It maybe worth noting that both MACD and RSI are currently higher than they were back in 2021 Possibly Waek here image
TOTAL CRYPTO MARKET CAP PA halted on its rise by Stiff resistance that rejected it heavily twice in 2021 We were also rejected off this line in July this year On all 3 occasions, RSI was up high in overbought zone, However, MACD is in a much better state than before. Watch carefully image
Bitcoin Jeiken Ashi Daily chart This is also now showing PA breaking above long term resistance. HOWEVER as the zoomed chart shows ( also daily) it is only todays candle that pokes over that line. HEIKEN ASHI is unique in how it forms its candles, based on the previous candle, a new candle will start in the centre of the previous one. As it stands right now, the next candle will start BELOW that line of resistance. We need a Good push today to make the new one start above. It is also worth noting that the Bollinger Bands show that should PA get rejected, the lower band is around 63K. The Basis ( orange Dots ) is on the rising trend line at around 67400 and has offered Support previously A pull back at some point in the next few days is likely and would be healthy though not absolutly required yet.
Interstingly. Bitcoin Spot index has a price of 72954 at time of writing CME Bitcoin Price at the same time is 74210
BTC XAUT Weekly chart Just nothing to say here really. Except - THIS IS BEAUTIFUL image
BTC XAUT - Bitcoin / Gold BTC is once again, outperforming Gold hands down and PA is about to break out of the descending channel - or is it ? We have room on the MACD and RSI is only just hitting overbought and can range high We need to keep an eye on this... image
Hey you lot - whats the concensus on ALBY ? Is it worth setting up ? I see positives and Negatives....
Is it wrong of me to feel slightly happy that the ETH ETF's are really failing to attract very much interest in the market. BITCOIN ETF's however..well.....MASSIVE
While we all sit happily and watch Bitcoin PA rise over that 70K mark, we should all be aware of the Wall that exists at 73K and that is on that rising Trendline that has repeatably rejected PA since April 2023 This is just ONE of a number of major markers that exist between here and 76K So, remain realistic and Cautious and Bullish. We WILL do this..but it may not be easy image
Bitcoin makes it past 70K usdt and the feeling of joy across the board is HUGE and this is all good. But we all need to remember, this is a MASSIVE WALL OF RESISTANCE HERE - We are in a Danger zone now. 71K -> 76K is TOUGH The BTC chart shows how we have risen above trendline. Next major line on this chart is 75500 but we have walls all the way up to that. PA is very likely to come back down and retest that line we just crossed , as support. The MVRV chart is simply beautiful - it broke over the long term descending tterendline, came back, retested it, bounced and now has begun the same process on the 382. This is showing us the amount or Profit int he system. How over or under Valued BTC is. People are beginning to jump in, the FOMO could start and then off we go But lets be realisrtic. Untill we break 76K and hold that, we are in a Zone of Danger. Be Happily cautious
I have been slow in noticing this Bitcoin just crossed a major line of long term resistance. In fact, it was the one that rejected PA from its ATH in Late March, early April 2021. THIS IS A BIG STEP FORWARD PA has just one more Fib circle to pass before it is Free of the reigns of the 2021 Bull run Resistance. The red 236 circle coming up was the first line of resistance in early Feb 2021. PA had run up under it from November 2020 and got rejected back to a 45500 area, from a high of around 59400 This Fib circle should NOT be underestimated and depending on PA velocity, we will hit some time in November. But once we get past it...we really will be off to the races and ready to break past that wall at 76K Hang in there bulls...NEARLY THERE image
Somethign I would love to see here on NOSTR is a more internartional community. Bitcoin is WORLD WIDE - We need the same here. I have posted about this to my mates in Portugal, Austria, Germany, Australia, thailand, and other countries Come on..SPREAD THE WORLD
People in the UK will probably have heard of a TV program called "The Gadget Show" and one of its presenyters called Jason Bradbury. I was watching that show in 2013 and was mildely interested when he said that a friend had told him about something called "Bitcoin" and that one day, it was going to be worth a $ million a coin and that while the Coin price was $33, why not buy some just incase. And so began my journey. Sometime, those seemingly non important moments or Actions can turn out to be LIFE CHANGING. THANKS MR BRADBURY ( BTW, I seem to remember he had said he had bought Loads )
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