Palestinian_Bitcoiner

Palestinian_Bitcoiner Aug 10, 2022

So this is the 4th time we hit the 24,200 resistance. Anyway CPI just came out 8.5% YoY which is less than previous month (9.1%) Could inflation have peaked? Well, you'd think in a high inflationary environment people would be buying scarce assets like bitcoin but instead it is taking monetary expansion and contraction, not price inflating Now that inflating...

Palestinian_Bitcoiner Jul 29, 2022

Bitcoin live to liquidate both sides. Observe how the yellow resistance and the red support form a well respected range

Palestinian_Bitcoiner Jul 29, 2022

The short answer: it doesn't matter. As you can see, we're at the floor of the 200 week moving average. We've also deviated from the 50 week (1 year) severely and proportional to the previous cycles' bottoms. Do I care that the bottom is in? Yes, but nowhere near as much as I care about catching the lows of the range. BTC declined 70%+ from last ATH and I...

Palestinian_Bitcoiner Jul 25, 2022

It's easier to be bearish, although I have a bullish bias. We lost much progress, but I want to see it go from 22k to 24k and hit the breakout.

Palestinian_Bitcoiner Jul 24, 2022

I'm an analyst, right? Well, check it. I have a thesis building up and I'm explaining some of the thoughts in previous posts. Now, within me getting bullish, I fell for a trap and it dumped within 1-5 minutes of me losing the last one.

Palestinian_Bitcoiner Jul 24, 2022

Look, just look. Behold. Weekly oversold. Accumulation by smart money complete. Then institutional will buy accumulating until 2023. Then 2024-2032 you'll be glad you bought before 2020, before 2024. IF, no guarantees. Pay your taxes if you sell. Notes to self. Not financial or tax advice. 😅

Palestinian_Bitcoiner Jul 24, 2022

Here's a clean parallel channel to go along with previous post.

Palestinian_Bitcoiner Jul 24, 2022

4Hour chart showing bull flag? Measured move 28K+ if we close 4hr over 23,200. I'm not taking this trade, just recording my thoughts.

Palestinian_Bitcoiner Jul 23, 2022

Analysis explanation to come. Anyway, short term: On daily Lost 50SMA (yellow), 21EMA daily (green) acting as support, also on 50sma on 4 hour. I get back long if: If we recover and close over 23,500 on any timeframe daily+ there's a good change we reach the 25k-28k range. Which happens to be the 100 day sma. The 200 daily is moving quickly from 33k towards 31k...

Palestinian_Bitcoiner Jul 21, 2022

As you see here, short term Long Position as of $22,625 that I wouldn't mind holding but I went in aggressively. Spot, no leverage- Tight Stop Loss $22,464. I want to be consistent. Short term I would like to see consolidation/accumulation at best, and would prefer it finding a bottom Q4 2022 to Q3 2023. Halving is 50% down YTD down 30% from the bottom of...

Palestinian_Bitcoiner Jul 20, 2022

Inverse Head & Shoulders was the classic reversal we saw in March 2020 for the S&P500. This is a similar formation.

Palestinian_Bitcoiner Jul 20, 2022

There's room to go up to 25-28K range. But it seems likely we stay below 30K until 2024. Notice horizontal resistance which used to be support. If break through the next major resistance 42K. But 12-16k could be a wick bottom by mid 2023. Bull market not expected to start until 2024

Palestinian_Bitcoiner Jul 13, 2022

OK, so it's cyclical. Nevermind Macro and all other noise. It's cyclical. And as you can see, it's a pattern. High likelihood we've bottomed but I wouldn't rule out lower lows or at least consolidation at the lows until December 2022 before we start another uptrend to 2025.

Palestinian_Bitcoiner May 16, 2022

This is your chance to dollar cost average for the next 6-18 months between 20K & 35K. Make it count.

Palestinian_Bitcoiner May 11, 2022

I'll save you the extended thought process. Buy the Dip.

Palestinian_Bitcoiner Apr 11, 2022

So, I'm just looking at the 4 hour here and not too far back. This is a bottoming formation underway after a year of consolidation. I'm expecting May-October 2022 to be a geat time to average in to BTC even if you've been buying sub 1K. Will post more charts explaining my analysis.