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So after this analysis, I’m thinking we will end up at $57k on btc.
So after this analysis, I’m thinking we will end up at $57k on btc.
So after this analysis, I’m thinking we will end up at $57k on btc.
How long will the alt season last?
US Federal interest rate cut decision is to be expected today 6hours and 33minutes from now.
If they cut by 25, 50 or 70bps it will be bullish. (I’m thinking 25).
But if they don’t cut then.. welp!
Volatility is on the way with this though so be prepared.
If they cut by 25, 50 or 70bps it will be bullish. (I’m thinking 25).
But if they don’t cut then.. welp!
Volatility is on the way with this though so be prepared.
I haven't sent any daily or intraday forecasts lately because BTC is not trading in my ideal type formations. It's just slowly trending downwards in a bullish divergence. Divergences usually bring about a violent reversal but the problem here is i don't have any signal for a reversal nor continuation to the downside.
Our last video showed where it could bottom if we just continue down but that's MACRO! but as we zoom in, i don't have the right signals to see it's projection.
So what i'm i doing now?
well, I'm accumulating low leverage longs. This is of course risky because we could go down forever but it's just what i'm doing given that on the macro, i believe there's a rally coming.
If we do rally into the rate cuts however, I will be taking profits.
Our last video showed where it could bottom if we just continue down but that's MACRO! but as we zoom in, i don't have the right signals to see it's projection.
So what i'm i doing now?
well, I'm accumulating low leverage longs. This is of course risky because we could go down forever but it's just what i'm doing given that on the macro, i believe there's a rally coming.
If we do rally into the rate cuts however, I will be taking profits.
Welcome to September ladies and gentlemen. Arguably the worst month in crypto. We will update on the markets tomorrow as we get the weekly candle close today. We got last September’s forecast right as predicted a more stable month than a crash. We’ll see for this one tomorrow.
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Subscribe to understanding crypto over on YT.
Ve Market Forecast
I just noticed that Polkadot put in a new low last week. However, this is how i read the chart. What do y'all think of the Bull mmarket setup? There's a chance that it does not go that low but ideally it should. So if it does, i will strike like a viper
I just noticed that Polkadot put in a new low last week. However, this is how i read the chart. What do y'all think of the Bull mmarket setup? There's a chance that it does not go that low but ideally it should. So if it does, i will strike like a viper
Market is mostly stable now. Nothing is moving. According to some astrologers, tomorrow will be bad 😁
Market is mostly stable now. Nothing is moving. According to some astrologers, tomorrow will be bad 😁
Tired of waiting for bull yet? 😃
Market is mostly stable now. Nothing is moving. According to some astrologers, tomorrow will be bad 😁
Tired of waiting for bull yet? 😃
How accurate is the hash ribbon indicator? It boasts a 93% accuracy rate. This indicator has only flashed its BUY signal near the top of a bull market once. Even then, the price still rallied by 58% before the bear market began.
Note: We are using this indicator on the weekly timeframe, so there can be significant price volatility, including potential downside movement before the anticipated upside. There were instances when it flashed BUY, and the price rallied by 40% only to drop by 47% in 2011-2012. It also flashed BUY in 2019, and the price rose by 40% only to drop by 63%. However, these instances occurred during accumulation phases before the major bull run.
According to my thesis, the only significant error was when it flashed BUY close to the 2021 bull market top, where the price rallied by 58% before the bear market.
In essence, one could say it's 100% accurate because price always rallied powerfully after all the volatility so it's more like a guiding compass, a promise if you will, that lets us know there's gonna be a major bull phase after all these ups and downs.
Note: We are using this indicator on the weekly timeframe, so there can be significant price volatility, including potential downside movement before the anticipated upside. There were instances when it flashed BUY, and the price rallied by 40% only to drop by 47% in 2011-2012. It also flashed BUY in 2019, and the price rose by 40% only to drop by 63%. However, these instances occurred during accumulation phases before the major bull run.
According to my thesis, the only significant error was when it flashed BUY close to the 2021 bull market top, where the price rallied by 58% before the bear market.
In essence, one could say it's 100% accurate because price always rallied powerfully after all the volatility so it's more like a guiding compass, a promise if you will, that lets us know there's gonna be a major bull phase after all these ups and downs.
Hash ribbon is signaling BUY on the weekly timeframe. a mind bending rally is looming!
We have a buy signal on the hash ribbon indicator, ladies and gentlemen! 😊
We have a buy signal on the hash ribbon indicator, ladies and gentlemen! 😊
However, we need to see it on the weekly timeframe to fully get excited. The last time this happened on the daily timeframe, BTC was at $25K. But remember, the daily timeframe for this indicator is not highly reliable.
Our patience will pay off greatly!
We have a buy signal on the hash ribbon indicator, ladies and gentlemen! 😊
However, we need to see it on the weekly timeframe to fully get excited. The last time this happened on the daily timeframe, BTC was at $25K. But remember, the daily timeframe for this indicator is not highly reliable.
Our patience will pay off greatly!
Just gonna leave this here. You may try to decipher the data for yourself.
Satoshi Nakamoto
True story. Like if you agree 😃
Attention!!! whales are lying to you.
I bought some $OP right now.
Please know that it can drop by another 23% but i dont care. if you care and you wanna buy the absolute bottom then dont buy and wait instead. for me though, i dont care that much when i know it will eventually go "op" . So i'm not gonna sit and wait. if it's all going to go to zero, then so be it!
I keep funneling in. we will see who gets to laugh by this year's end into next year.
Please know that it can drop by another 23% but i dont care. if you care and you wanna buy the absolute bottom then dont buy and wait instead. for me though, i dont care that much when i know it will eventually go "op" . So i'm not gonna sit and wait. if it's all going to go to zero, then so be it!
I keep funneling in. we will see who gets to laugh by this year's end into next year.
Ve Market Forecast
As our business drops guess what dropped as well... The dollar. An interesting phenomenon to say the least. This shows that the drop is crypto specific!
The US and the German gov't have been sending their BTC for the past couple of days to Coinbase possibly to dump. Not forgetting that bitcoin miners are under pressure right now as mining costs sits way above price. I am currently waiting to get some confirmations before i can forecast btc price.
As our business drops guess what dropped as well... The dollar. An interesting phenomenon to say the least. This shows that the drop is crypto specific!
The US and the German gov't have been sending their BTC for the past couple of days to Coinbase possibly to dump. Not forgetting that bitcoin miners are under pressure right now as mining costs sits way above price. I am currently waiting to get some confirmations before i can forecast btc price.
Ve Market Forecast
We are being blocked at the 100ema here on the 4H. retracement should head to 62436k and potentially 61.4 (but ideally the 62.4 region holds)
Then we resume the move up. As i have been saying my idea is for 65k to be met. potentially heading to the 2.618 there at 66.5k (after 65k then we can get a clear picture of what is actually going on!)
We are being blocked at the 100ema here on the 4H. retracement should head to 62436k and potentially 61.4 (but ideally the 62.4 region holds)
Then we resume the move up. As i have been saying my idea is for 65k to be met. potentially heading to the 2.618 there at 66.5k (after 65k then we can get a clear picture of what is actually going on!)