Tag: btc
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Bitcoin Technical Analysis – An Extensive Deep Dive, What’s Next?
A Word From Hindsight Now, before I get into the state of the current market, I want to revisit my bear market prediction from approximately five months ago. Bitcoin was trading above $30K, as seen in the chart below. Back then I mapped out a massive falling wedge with a bottom at approximately $18K, which…
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Bitcoin Needs To Step Into Its True Identity
Bitcoin Revisits Previous Lows Yesterday, we saw quite a significant dump for BTC as the CPI figure came out. Yet another disappointing outcome, as inflation stubbornly refuses to budge. As I have said, expect to see the $19K support being lost. It won’t be long before this enormous pocket of liquidity gets plundered by the…
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Cryptocurrency – Delayed Realization & The Stage Of Confusion
I Thought Bitcoin Was A Hedge Against Inflation? This has been brought up numerous times throughout the mainstream media, as well as the Crypto media. People are disappointed, confused, and perhaps disillusioned. It seems people don’t really understand that “beating inflation” is measured over time. Gold once fell into this category. However, I don’t believe…
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Will Crypto Regulation Go The Same Way As The Entertainment Industry?
Reality Evades Regulators Governments and regulators are currently enjoying their reign, as they continue to flex their muscles. However, the reality and true dynamic of Cryptocurrency is yet to be understood and comprehended by these entities. This is the reality that still needs to hit home: You can criminalize Crypto but you can’t stop it.…
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Bitcoin – Analysis & The State Of The Market
FED Pivot? The market appears to be getting bullish. However, this seems to be yet another “false” indication. I know that there is a lot of positivity due to a possible FED pivot, and the fact that the whales have once again begun accumulation. However, these are isolated scenarios, lacking confluence. Firstly, the FED doesn’t…
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Crypto Is Encouraging Society To Take Financial Responsibility
The Genesis Block Ever since Satoshi unleashed Bitcoin into the world, there has been a growing desire amongst society for financial independence. This desire has subsequently encouraged people to become financially knowledgeable. What we are now seeing is a shift, a shift toward financial sovereignty and independence. Obviously, there is a lot of pushback taking…
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Why The Next Bitcoin Crash Could Be Moments Away
The Set Up While everyone has become rather frustrated in regard to the Bitcoin price, there is another element of this story that may not necessarily be that obvious, especially to those who do not understand or practice TA. What has been perceived as “boring” and frustrating is actually turning out to be the formulation…
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Regulatory Uncertainty Enhances Market Weakness – An Easy Hand To Play
Driving Forces Markets are directed by rather simple dynamics, which are in many ways aimed at influencing the emotions of market participants. If you want to see the price of tomatoes go through the roof, create a shortage. If you want to see the share price of a certain stock fall, simply restrict business operations…
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Crypto Is About To Enter A Sweet Spot
Incorrectly Interpreting Data Leading up to the Merge, many were extremely bullish. Ethereum had just hit $2K and it had just been announced that BlackRock was about to enter the space in a very “real” way. Long-term, this is bullish. However, in the short term, it was a clear sell indicator. The majority of the…
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The Dollar – Investors Vote With Their Wallets
DXY Continues To Surge It has long been said that in times of trouble and uncertainty, investors move into gold, as a safe haven asset. This trend has been silently dying, in my opinion. The idea that gold is no longer a store of value is something that I have addressed at length in some…
Sapphire Crypto 