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BITCOIN POTENTIAL $4k Target On Potential Major BEARISH FLAT

This sort of pattern would certainly shock the herd. A potential Wave B suckers Rally galore .Then SNAP into a horrific wave C thrust bringing price right into the proximity of the prior wave 4 symmetrical triangle. There's also what appears to be a potential H&S top right shoulder forming in Wave B as well.

Everyone and their Grandma appears to be anticipating the next halving to propel Bitcoin price upwards. This would be the perfect opportunity for the whales to SELL into that 'expectation'!

In my humble opinion.........

No need to reply since I will answer to nobody. Be Vigilant!
Wishing you all the best!
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Check the news:
Quote:
"Bitcoin (BTC) Set for $1.5 Trillion Market Cap as Institutions Turn Bullish"

That's what we want to see near, and at peaks! Unfortunately that's when the masses tend to get burned. Pension funds etc. A little like 'deja vue' except this time it isn't real estate back in 2007 getting loaded with Mortgage Backed Securities, it's BITCOIN! In my humble opinion............
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Price got rejected at the 78.6% retracement!
Look at that yanking(volatility) around on lower time frames. Look at those candle wicks, lol
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the 78.6% ratio failed. So I'll simply move the goal post to the next one at 88.6%. I'm sticking with the corrective Wave B in the major flat scenario. The question is, will it be a regular flat or potentially become an expanded flat? 63k-ish is the next point
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The 88.6% goal post(pivot) was hit(a little surpassed to 64K) and from that point price reversed HARD with a swift collapse to 59k! OUCH! hehehe......
Vigilance is of utmost importance in my humble opinion.......
Wishing you all the best!
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A little update: Up above I stated:
"Everyone and their Grandma appears to be anticipating the next halving to propel Bitcoin price upwards. This would be the perfect opportunity for the whales to SELL into that 'expectation'!"

Hello Volatility!
Today's 15 minute ROYAL FLUSH I believe was caused by the type I had hinted to that could take advantage of such an opportunity. Retail certainly didn't push BTC within the wink of an eye today to then reverse after pushing it up hard and yank it even harder causing a 15 minute flush, in my humble opinion.
I'm not saying that it is, however, hedge funds tend to apply such maneuvers. In fact Cramer used to.....
In my humble opinion........
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Price keeps testing the pivot and getting rejected. I have updated newer ideas on the subject that go into smaller time frames.
In my humble opinion.
All the best!
Note
Everyone who currently believes in Bitcoin appears to be actually unconsciously betting against Warren Buffet as they did back in the year 2000 on Teck.

Quite a debacle ensued shortly afterwards.
In my humble opinion............
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Just for your information I'm watching and updating my smaller time frame idea.
However, Don't go there cause you'll get dizzy if you don't understand certain patterns I tend to be seeing.
In my humble opinion...........
All the best!
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Still active ,however, I'm not on this idea. I'm on another idea of mine. Therefore those that are starting to comment here are commenting on a ghost thread.

That said, I'm quite sure that when Bitcoin was at its all time high in 2021, most never thought it would drop near 15k.
In my humble opinion.
All the best!
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I thought to add a favorite quote of mine since so many people appear to still be reading this idea/thread.

"Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend and step off before it is discredited."
-George Soros
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New Idea just posted indicates top may be in.
In my humble opinion.
All the best!
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Bitcoin is on a 'Highway To Hell'(equals expanded wave B) in my humble opinion.
YEEEEEE HAWWWWW!
Vigilance is of utmost importance currently. If Wave C were to measure 100% of Wave A and to be placed at the current peak of Wave B, where would that potential price target land?
In my humble opinion...............
Come on, come on, listen to the money talk, YEAH!
In my humble opinion
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GREAT ARTICLE: BlackRock ETF might open door to institutional shorting of bitcoin

"DTC eligibility: The key to institutional bitcoin ETF shorting"
In my humble opinion!
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What's that voice I'm hearing in Bitcoin? Singing? What?
Oh it's the 'Opera Lady' singing!!!
In my humble opinion.................
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I just posted a new idea on Blackrock's IBIT ETF getting hit as well........
Said so in the past and will repeat it, Bitcoin is correlated to the Nasdaq. On what exchange was that newly created IBIT ETF listed on?
In my humble opinion.
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Just a little side update:
I gave the thread a chance. I didn't want to reply due to my gut suggesting not to. I did and the thread has now turned into a zoo with certain posters lacking respect etc.
Therefore that's why I have been commenting in the update section. Here the haters cannot respond to my comments(wink)
There's always a way to outsmart the 'negatives'.
In my humble opinion............
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I just updated this idea with a new version of this one on a smaller time frame.
It explains what I believe could potentially occur on this time frame. It already has on a smaller one as outlined in the new idea which is an extension of this one .

As they say: " A picture is worth a thousand words"
Check it out and leave your opinion in a respectful manner.
Thanks and All the best!
In my humble opinion............
.
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Interesting:
"BlackRock's Next Plans Will SHOCK the World - Whitney Webb Bitcoin Prediction"
by Whitney Webb
In my humble opinion........
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This Is What They Don't Want You To Know - Whitney Webb XRP

Whitney appears to be on the ball!
In my humble opinion..........
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What was I saying about pension funds going into Bitcoin?

Check it out, MORE want in what was considered to be an intolerable risk until their magical ETF's came along. Now Bitcoin is considered to be safe for retirement pension funds???

Here's the title:
Arizona’s Senate mulls proposal to add Bitcoin ETFs to retirement portfolios
Quote:
"The Arizona State Senate is considering a proposal to encourage the inclusion of Bitcoin exchange-traded funds (ETFs) in two of the state’s retirement portfolios.

The resolution is currently being reviewed by the House for a second time after it passed the Senate's Third Reading in a 16-13 vote on Feb. 22, records show.

If passed, the proposal would encourage the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to consider adding exposure to Bitcoin ETFs in their respective portfolios, according to state records."
end quote.

I think someone somewhere has been sitting a little too long under an apple tree on a very windy day!
In my humble opinion.

Quote:
"For more than 50 years, the Arizona State Retirement System has provided retirement security to Arizona’s public servants, including teachers, municipal workers and other government employees. The ASRS proudly serves more than a half-million members, including more than 100,000 retired members."
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From my perspective this article is a little more reasonable

Why You Should Avoid Investing In Cryptocurrency In Retirement
Quote:
"Many people feel that investing in cryptocurrency is a way to increase their retirement savings, but it is not without risks. Cryptocurrency is a highly volatile asset class with prices that can fluctuate wildly in a short amount of time. This makes it a risky choice for those who are retired or nearing retirement and need to protect their savings. There are a few reasons why you should avoid investing in cryptocurrency in retirement, including the volatile nature of the asset, its lack of regulation, and the potential tax implications."
end quote.

The lack of regulation part near the end of the paragraph can be removed due to ETF's being regulated. However, the rest pretty much stands, in my humble opinion.

Imagine putting pension funds in Bitcoin ETFs at the high in 2021. How would those retirees have felt when Bitcoin was crashing down hard month after month after month, and yanked around on weekends and overnight while waking up to another gap down etc.
IMHO
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I updated the idea on a smaller(15 min) time frame titled:

BITCOIN Bullish or Bearish, It's Going Down

Check it out!
In my opinion.
All the best..................
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Bitcoin keeps on getting rejected off the highs!

Check out this lovely article:

SEC Boss Issues Major Bitcoin Warning
Quote:
"During a recent interview with Bloomberg, Securities and Exchange Commission (SEC) Chairman Gary Gensler pointed to the volatile nature of cryptocurrencies like Bitcoin and Ether, cautioning investors about the inherent risks.

"This is a highly speculative asset class," Gensler said, emphasizing the dramatic price fluctuations experienced by these digital assets."
end quote.

Seals my point!

But then again why did the Goldman Sachs servant legalize it? I think we all know the answer to that question. In his comment above he's going against what main stream is saying. BITCOIN ETFs ARE RISKY unlike what is being sold to the public. It's NOT an asset class for retirement funds!

In my humble opinion
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I just posted an inverse BEARISH Exotic Dragon Pattern on a 15 minute BitRip(Bitcoin) time frame for illustrative purposes, in a new idea.

Always bearish, no worries......

In my humble opinion
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Another 2 hour pump got taken out in only 2 minutes!
In my humble opinion.
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New idea continuing this one just posted under title:
Bitcoin Potential Nov 2021 Expanded Flat 4K Target Part 3
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What? Bitcoin has vulnerabilities ?

Quote:
"The truth is that if one big player refuses to play by the “rules of the game,” there is nothing much that the Bitcoin community can do about it."
-Bitcoin Will Bite the Dust
Kevin Dowd and Martin Hutchinson
(Kevin Dowd is Professor of Finance and Economics at Durham University in the
United Kingdom and a partner at Cobden Partners.)

In my humble opinion...........
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Ask yourselves why does a 'brand'(Bitcoin) need 'influencers' ?

Quote:
" These influencers have a sizeable and trusted network of engaged fans and followers. Based on this trust, influencers can create trends and influence the buying decisions of their followers"
Be vigilant!
IMHO!
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How Brands Utilize the Fear of Missing Out (FOMO) as an Advertising Tactic

Quote:
"FOMO is a powerful fear appeal that plays on a deep-rooted desire humans have to feel accepted within society and accepted within their own social circles.

It is natural to experience social fears if presented with the possibility that one is missing out on something: an event, a product, a trend, or a service. Due to its evolutionary history, it can be difficult for humans to recognize and eliminate this fear completely; thus, an advertising opportunity is born.

Advertisers will continue to exploit this vulnerability when in order to establish social proof for their products and create a sense of urgency around purchases."
End quote.

Personally, I don't have a deep-rooted desire to feel accepted nor a need to influence anyone or anything.
IMHO
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A simple question:

When most boarded the titanic, how many thought it would sink? That's my analogy to Bitcoin............
Look at most replies on this thread. They believe the titanic can't sink.
IMHO
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Tradingview should supply users with a way to remove comments and ideas on their ideas. Too many people allow themselves to act on threads unlike they would in person. Some hog the space with their ideas. The author of any idea should be able to remove comments posted by others, in my humble opinion.

Come on Tradingview.
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New monthly idea/chart titled:
Potential Expanded Flat May Suggest MAJOR Bitcoin CRASH Upcoming
posted just now!
All the best!
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MicroStrategy had reported a 1Billion loss in 2022 during the crypto downturn.
$1 BILLION!!! I think they're lucky it turned when it did in late November 2022.
IMHO.......
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News out!
Biden resurrects 30% crypto mining tax in new budget proposal

OUCH!

Once this halving passes over I predict that there will be no other way to mine Bitcoin but through a mining monopoly in order for it to remain feasible.
In my humble opinion...........
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JPMorgan CEO Jamie Dimon Urges the U.S. Central Bank to Delay Rate Cuts, Defends Right to Buy Bitcoin

Quote:
"Known for his critical stance on Bitcoin, Dimon maintained his skepticism about the cryptocurrency’s practical uses. CNBC reported that he associated a lot of Bitcoin’s usage with illicit activities. However, Dimon also defended an individual’s right to purchase Bitcoin, stating, “I don’t know what the bitcoin itself is for, but I defend your right to smoke a cigarette, I’ll defend your right to buy a bitcoin. I won’t personally ever buy a bitcoin.”

"When discussing the current market outlook, Dimon struck a balance between caution and optimism. While acknowledging the allure of an open equity market and tightening spreads, he emphasized the need to consider potential shifts that could arise from factors such as quantitative tightening, fiscal spending, and geopolitical tensions. Dimon’s prudent approach reflects a broader strategy of hedging against unforeseen economic changes, advocating for a balanced approach to risk and opportunity."
end quote.

Apparently the ELITE Jamie Dimon will more than gladly sell you Bitcoin, but he himself won't buy any.................. But hey, what does he know, right?
In my humble opinion..........
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Unfortunately I got caught answering too many people yesterday on this thread. Apparently Tradingview limits the amount of comments to 50 per day. Therefore the site allows an unlimited amount of commenters to come and comment on an author's idea but the author is limited in the amount of answers/replies/comments permitted by the site.
That's another flaw/hinderance I noticed on this site, in my humble opinion.........
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GREAT ARTICLE:
Mar. 11, 2024
Why Bitcoin Is Fundamentally Flawed
by Alan Suchanek

In my humble opinion................
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News
Sweden’s Central Bank Chief Wants 'as Little Bitcoin as Possible' in Country's Financial System: Bloomberg

Quote:
"Sweden's central bank governor wants as little bitcoin {{BTC}} as possible in the country's financial system, Bloomberg reported Tuesday.

"It's an instrument that is impossible to value, and in practice it's based on pure speculation," Riksbank Governor Erik Thedeen said to reporters after a parliamentary hearing on monetary policy.

Thedeen cited the collapse of crypto exchanges to support his position at a time when the cryptocurrency market, led by bitcoin, is experiencing a record-breaking bullish run.

"We have seen exchanges in the U.S. collapse and individuals losing money," he said. "Right now there's a surge, but we have seen the value collapsing not long ago, and it is important to warn people who believe there is no limit and that there's free money to be made."
End quote.
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Notice the class of some of those leaving comments. Those are the type that tradingview will not allow an idea author to remove. I apologize to those that see and read such immoral comments on MY THREAD!.
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prior 2 comments on other idea based on Potential 4K Target on potential Expanded Flat:

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Update the 15 min chart to a line chart. Notice potential top pattern BREAKOUT!
In my humble opinion!
1 minute ago
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NICE! Top pattern reached target!
IMHO
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Bearish candlestick looking good on the daily. Must have some getting a little jittery.
Unless they're counting on the halving to save them.
In my humble opinion.
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Notice the snapback on the lower time frame. On the higher I'm still going with the potential bearish expanded flat.
In my humble opinion
All The Best!
Note
Check this little tidbit out:

Quote:
"Take the poster child of holding, Michael Saylor, as evidence. As CEO of MicroStrategy, he and his company have embarked on a historic accumulation of around 205,000 bitcoin, plus another 17,000 stockpiled for his personal reserves.

When asked if he ever had plans to sell his holdings in a recent interview, he candidly remarked, “I’m gonna be buying the top forever.”
End quote.

Since he's the 'poster child' of bitcoin I believe it important to outline that he said he's going to buy the TOP forever. That literally means that most should not follow him. Then again he appears to have changed his tune about making a bet for ten years. Now it appears to be for 100 years??? So he's apparently going to be holding bitcoin even once he passes away? I wish Mr.Saylor all the best.
Be vigilant, in my humble opinion.
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Just to keep you posted.
New idea posted under title:
Potential Bitcoin BEARISH Expanded Flat Pattern & Time
All The Best!
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My new idea posted under title:
Meme Coins Like PEPE Pay Out MORE Than Bitcoin
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ANOTHER ONE SELLS INTO THE PUMP!

Bitcoin bull run pays off, BTC Whale makes 217M profits
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Ha ha, look at some of those scared comments that don't like the potential expanded flat idea. Allowing people to post such comments tarnishes tradingviews rep. It makes this site look like a kindergarten, in my humble opinion.

This idea is at the top spot! Difficult for Tradingview not to see what sort of low class immoral comments are being posted on this thread. Unfortunately haters are abusing tradingviews posting rules and getting away with it.It renders readers victims of such abuse. My apologies to the viewers for tradingview is allowing such immoral behavior.
IMHO
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I asked a premium member to flag a particular individual for commenting abusively on the thread, in an attempt to render it a little more civilized.
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Apparently some risk losing a bundle if the expanded flat plays out. First target point would be approx 28.5k in my humble opinion. After that, I'll leave it at that for now.
In my humble opinion..........
All The Best!
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When something appears overbought I like to see news articles like this in its regard, in my humble opinion:
Quote:
"Samson Mow Gives Reasons Why Bitcoin Price Could Reach $1 Million This Year"
Note
As my newer idea demonstrates(titled: Meme Coins Like PEPE Pay Out MORE Than Bitcoin), within the same time span/date from low to high PEPE offered a 10x return vs Bitcoin that still has not even doubled.
In my humble opinion..........
Note
Even the bitcoin poster child's stock almost quadrupled in the same time span as bitcoin from the low on the Feb 5 2024 weekly chart. PEPE 10X , MicroStrategies almost 4X and bitcoin didn't even double within that time span till this day!

And he's going to buy more! Canaccord just raised their target price on March 12 2024 from $975 to$1,810 per share on his stock.
Quote:
"Michael Saylor's MicroStrategy Raising Another 500M to Buy More Bitcoin"
IMHO
All The Best!
Note
I looked at MSTR the bitcoin poster child's stock chart. If I convert it to a monthly line(close)chart, take a wild guess on what it potentially appears to be?
An EXPANDED FLAT from my perspective.
Now this is getting really interesting.
In my humble opinion..........
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NOW THIS my friends is a good article, in my humble opinion....

Mar 13, 2024
Bitcoin price entering ‘euphoria’ zone amid wealth rotation from ‘HODLers to new investors’ — Data
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I posted what MS plans on doing shortly. It's only fair that I post the other side of the coin. In my humble opinion
Here's the title to the article:
Bitcoin Could Drop to 58K as Cool-Off Period Is Imminent, Swissblock Says
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I posted another little idea while the PUMP is on.

New idea posted, titled:

Potential bitcoin H&S Top Pattern

In my humble opinion.
All The Best!
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Another idea posted titled:
Bitcoin Potential DOUBLE TOP
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New idea posted. I hope it fails. However, I don't mind if it doesn't.

New Idea Titled:
Potential RipBit(bitcoin) Pattern Suggests A Move Up
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I posted another potential bullish idea but with a little twist to it. I'd heed the warning. But then again, perhaps no sweat cause it's going to a million dollars by year end, right? lol

New idea titled:
Bitcoin OBV Suggests Something Potentially UNDESIRABLE For Bulls
In my humble opinion.......
All The Best!
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I'd like you to pull up a monthly chart of bitcoin. Simply add on the OBV indicator. You'll need to have the complete history of bitcoin's price since inception.

Look back to all the peaks. You can use my weekly chart if you like for the highs that I'd like you to see and match with the highs of the OBV indicator. Notice that at those specific highs the OBV made higher highs as well.

Now look at the most recent all time highs and look at the OBV indicator. What do you see? ah ha! Houston we have a problem.
In my humble opinion............
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Welcome to this marvelous Saturn day. I would like to bring a few things to your attention.
1- Vanguard
Quote:
"In Vanguard’s view, crypto is more of a speculation than an investment. This is at the root of our decision to not offer crypto products, whether our own or others. With equities, you own a share of a company that produces goods or services, and many also pay dividends. With bonds, you get a stream of interest payments. Commodities are real assets that meet consumption needs, have inflation-hedging properties, and can play a role in certain portfolios. While crypto has been classified as a commodity, it’s an immature asset class that has little history, no inherent economic value, no cash flow, and can create havoc within a portfolio."

May I ask what kind of good or service MicroStrategy produces? NONE! Therefore I find it quite interesting while on the one side Vanguard is saying, hey let's be prudent for this and that reason, while holding MSTR which is heavily focused on SPECULATING on Bitcoin!!! In my humble opinion..........

2- The news release titled:
Senators pressure SEC’s Gensler not to approve any more crypto ETFs
I would like to bring you attention to this part in particular:
Quote:
"We write to urge the Securities and Exchange Commission(SEC) to take steps to protect investors following recent approval of the listing and trading of certain bitcoin exchange-traded products(ETPs)

Because bitcoin ETPs are not subject to the substantive and structural protections under the Investment Company Act of 1940, they are not subject to restrictions on harmful practices that apply to most investment funds marketed to retail investors, including mutual funds and ETFs. These include a fiduciary duty, limits on leverage, custody requirements, corporate governance requirements, prohibitions on conflicted practices, restrictions on fees and expenses chargeable to investors, and examination by the SEC. The use of terms such as "Fund" or "ETF" imply that the full protections of the Investment Company Act would apply, but unfortunately, they do not."
End quote.

3- While Most were extremely "Bullish", a crack appeared in this last week. Inflows in bitcoin long ETFs subsided. That CRACK that so many like to say that I'm smoking has appeared and confirmed itself by printing this occurrence on the chart, in my opinion.
Whether this time will be different or not, time shall be the revealer. As most have seen in the prior week, WHALES have come to liquidate portions of their holdings into the ETF orchestrated demand.

I planted a seed/idea. It was first proposed to potential be a major bearish flat and suggested that it may potentially turn into a major Expanded Flat. That idea began to draw in a tremendous amount of negative responses which were mostly abusive. This now will be described using an analogy to growing a plant.

The idea/seed. Then came the nutrients disguised as manure. These "negative" nutrients gave an opportune environment for the seed to grow. All I did was attend to it. This so called negativity/energy/manure in of itself began to transform and microbes were feeding the roots of the idea that began to take form.

Those newly sprouted seedlings began to turn into flowers that attract bees. Once the bees began to pollinate, the idea took on a life of its own and I could no longer control it. The thread became out of control, however, there appeared to be an energy that I recognized. It was time for me to step back and let it transform and manifest.

I myself could not have achieved such a feat on my own for I-AM no-thing.
We had some energy manifest in the form of time, volume, patterns, sentiment, etc.

We had a commenter that appeared with a moniker Sea-Gull. This is a bird and has a spiritual meaning. The commenter appeared to mention a rising wedge pattern had appeared to take form from his perspective. I noticed it and had told him at the time that I had it labeled as a potential ending diagonal but I had mentioned this to nobody in prior conversations.

What does a Seagull represent spiritually? Pay attention to what has happened. It may be that Spirit is trying to reach out to you, to let you know that their are matters toward which you should direct your attention. Proof you ask? Since I recognized the energy I allowed it to express itself. I never allowed anyone to post their idea on my threads, NEVER! But I allowed the Seagull to elaborate and post his. As they say, a picture is worth a thousand words.

We also noticed another poster that came in to mention volume on a monthly bases upon which I simply added the OBV to price as a recognition to that energy.
Then we had another pop in and said NOW! At that time I had written on another thread which was my final comment until today that stated: Look up the 2B Top Signal! That sealed it. What occurred shortly afterwards? It confirmed. I tend to use intraday time frames to catch it quicker and then let it play out to see if it'll confirm on the daily etc.

Therefore, last but certainly not least. I would like to extend my gratitude to all of you for your contribution in shaping this energy into taking form that has manifested an idea that has allowed me to experience it in reality. What occurred? A CRACK manifested! And the commencement of that crack was pointed out to commence at approx 6 am EST on the hourly time frame.

Have you not understood what Noble Ones represents? It represents YOU THE PEOPLE! You my kindred spirits are noble ones, in my humble opinion.

With that I leave you and with you all nothing less than the very best until the next time our paths may cross.

In my humble opinion................
noble1ones
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noble1ones

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