I would like to express my deep gratitude to the Square team for honoring me with the Best Analyst trophy. Receiving this award is a precious recognition of my efforts and dedication over the past years. Since 2018, the journey has been fraught with challenges, but each obstacle overcome has strengthened my determination and expertise. This trophy symbolizes not only a personal achievement but also the unwavering support of my colleagues and management.

I also want to acknowledge the path I have traveled, marked by moments of doubt and unexpected obstacles. These trials have been opportunities for growth and learning, allowing me to develop essential skills and forge a resilient spirit. This recognition is a source of inspiration and motivation for me to continue to surpass myself and actively contribute to the excellence of our team. I am deeply grateful to all those who have believed in me and supported me throughout this journey.

congratulations for me

#BTC   

Phenomenal retest of the old All Time High resistance (red) as new major support (green)

Bitcoin has been successfully retesting this vital region as new support for 5 consecutive months

$BTC #Crypto #Bitcoin   

#BTC   

We are here (green circle)

And if you can't really see the recent retrace...

That's precisely the point of this post

$BTC #BitcoinHalving #Bitcoin   

#BTC   

Bitcoin has achieved a Daily Close above $65,000

If a dip into $65000 occurs, that would represent a retest attempt just like in mid-May (blue circle)

And a successful retest at $65,000 would fully confirm trend continuation to as high as ~$71,500

$BTC #Crypto #Bitcoin   

#BTC

Bitcoin is still on track for a September breakout

$BTC #Crypto #Bitcoin

#BTC   

If history repeats, a Bitcoin breakout from the Re-Accumulation Range would occur in September 2024

$BTC #Crypto #Bitcoin   

#BTC   

Bitcoin is still trying to reclaim this ~$65000 level as support

That said, this level is acting as resistance today

For price to enjoy trend continuation to the upside, it needs to Daily Close above ~$65000 (blue)

Otherwise, BTC risks rejection

$BTC #Crypto #Bitcoin   

BITCOIN WILL MAKE A NEW ATH IN Q4
 
Let's go through history to see Bitcoin's
performance in election years 👇
 
2012
 
➜ 5 months of consolidation from July
to November 
 
➜ Breakout in December, which
resulted in a new ATH
 
2016
 
➜ 4 months of consolidation from July
to October 
 
➜ Breakout in November leading to a
new ATH
 
2020
 
➜ 4 months of consolidation from July
to October 
 
➜ Breakout and new ATH in Q4
 
BTC has consolidated from July to
October in every election year before
hitting a new ATH.
 
Something similar will happen again,
but with a bigger magnitude, as
probably for the first time, the US will
have a Bitcoin and crypto-friendly
president.

THE $USDT MARKETCAP IS NOW
MAKING NEW ALL-TIME HIGH

THE MARKET CAP OF USDT HAS
SURGED BY $28 BILLION IN THE LAST
9 MONTHS, MARKING THE STRONG
INFLOW WE'VE WITNESSED IN
NEARLY THREE YEARS.

THE LAST TIME WE SAW A SURGE
WAS IN 2020, WHICH MARKED THE
BEGINNING OF A PRE-BULL RUN.

THIS INCREASING MOMENTUM IS A
SIGN OF A HUGE BULLRUN COMING!

#BTC   

Bitcoin has successfully retested the old All Time High major resistance area (red) as new support (green) for the 5th month in a row

$BTC #Crypto #Bitcoin   

#BTC   

Any dip, should one occur, would be Bitcoin's way of reclaiming previously lost levels as new support

Any dips would act as a pivotal retest in ensuring further trend continuation to the upside

Just remember this on a future red day

$BTC #Crypto #Bitcoin   

THE BIGGEST WEEK FOR ALTCOIN
INVESTORS 🚨 
 
#ETH ETF S-1 APPROVAL WILL LIKELY
HAPPEN THIS WEEK, AND THAT WILL
KICKSTART ETH ETF TRADING.
 
THIS IS PROBABLY THE BIGGEST
DEVELOPMENT IN THE ALTCOIN
SPACE, AS IT'LL UNLOCK $100B+
OF INSTITUTIONAL MONEY INTO
ALTCOINS.
 
IF ETH ETF TURNS OUT TO BE A
SUCCESS, THERE COULD A FEW
MORE SPOT ALTCOINS ETH
APPROVAL IN THIS BULL RUN.
 
FAMILY OFFICES, PENSION FUNDS,
BANKS, AND HEDGE FUNDS WILL BE
ABLE TO BUY ALTS THAT WILL BEGIN
THE BIGGEST ALTSEASON.

ALTCOINS AND GLOBAL LIQUIDITY ARE ALSO MAKING A REVERSAL, AS
GLOBAL LIQUIDITY WILL RISE, ALTS
WILL BOOM.

#BTC   

The Re-Accumulation Range has successfully been reclaimed

The importance of this reclaim cannot be understated

$BTC #Crypto #Bitcoin   

#BTC   

"Breaking a multi-week downtrend would result in the beginning of at least a multi-week uptrend"

The multi-week downtrend has been broken

The multi-week uptrend has now begun

$BTC #Crypto #Bitcoin   

#BTC   

Bitcoin broke the black resistance, invalidated the orange Lower High, and rallied towards the blue resistance at ~$60600

Most important thing now is for Bitcoin to manage to reclaim the blue level as support going into the new Weekly Candle Close

$BTC #Crypto #Bitcoin   

#BTC   

There's the rebound Bitcoin needed and price is now challenging that Lower High resistance again

Bitcoin needs to Daily Close above $58350 (black) to break the Lower High and more importantly - position itself for a rally to $60600 (blue)

$BTC #Crypto #Bitcoin   

#BTC   

Every time Bitcoin tried to challenge the Downtrend for a breakout recently - it got rejected

Bitcoin is on the cusp of another Downtrend challenge

Can Bitcoin do it this time?

$BTC #Crypto #Bitcoin   

#Altcoins are oversold, while ETH/BTC is still holding strong. The next leg up is going to catch many people off guard

$𝟭𝟲,𝟬𝟬𝟬,𝟬𝟬𝟬,𝟬𝟬𝟬 𝗜𝗡 𝗦𝗧𝗔𝗕𝗟𝗘𝗖𝗢𝗜𝗡 𝗟𝗜𝗤𝗨𝗜𝗗𝗜𝗧𝗬 𝗪𝗜𝗟𝗟 𝗘𝗡𝗧𝗘𝗥 𝗧𝗛𝗘 𝗠𝗔𝗥𝗞𝗘𝗧 🚨 

PEOPLE ARE WORRIED ABOUT MT. GOX DUMP AND THE OTHER BEARISH FACTORS, BUT THERE'S SOMETHING THAT WILL TAKE THE CRYPTO MARKET TO NEW HIGHS. 

THE FTX IS PLANNING TO DISTRIBUTE MORE THAN $16 BILLION TO ITS CREDITORS

HERE'S THE TIMELINE 👇

➜ AUGUST 16: VOTING DEADLINE FOR FTX CUSTOMERS

➜ OCTOBER 7: JUDGE DORSEY’S DECISION ON PLAN APPROVAL

IF THE COURT APPROVES, FTX WILL REIMBURSE CREDITORS WITHIN TWO MONTHS.

AS PER THE TIMELINE, THIS'LL OCCUR IN Q4 2024 TO Q1 2025.

THIS PERFECTLY MATCHES WITH OTHER BULLISH FACTORS LIKE RATE CUTS, FASB ACCOUNTING RULE IMPLEMENTATION, AND US ELECTION RESULTS.

GIVEN THAT MOST OF THE FTX CUSTOMERS WERE CRYPTO BROS, A HUGE CHUNK OF $16 BILLION WILL ENTER THE CRYPTO MARKET
THIS WILL BE THE BIGGEST CATALYST FOR HIGHER PRICES.