BitcoinLong
Beak To The wind
Not Trading Advice
From November of 2015 to April 2016, BTC traded sideways (much like now). In April 2016 it popped 73% then dropped 39% only to the start a monthly march up 3,344%. In March 2020 after breaking out to the upside, there was a 63% drop only to lead to another monthly march up 1,585%.
Much like those moments, it feels as though BTC wants to pop higher. ( Note that the down cycle of the Monthly stochastic since March has yielded little downside). There is a chance that once this happens, we could experience a downdraft anywhere from 33% to 63%. This will be a fundamental event. Post election insanity? Bank failures? Tether? Dollar rally? Far East? Middle East?
BTC will find its legs in this event and it will march from this possible downdraft to levels possibly 390% higher. (BTC Stock to Flow would argue higher). XRP will leave these % numbers in the dust - see earlier post.
For those who may not realize it, the U.S. is officially bankrupt - no one is saying it but the numbers are there to chew on. (Elon has finally faced this fact if you follow his tweets). There is no coming back from the real numbers. None. The bond market is not acting like it is "supposed" to. The bond market as is Gold is beginning to speak to you on this issue.
There will be a reset - a restructuring. Will this be the coming downdraft event? I don't thinks so. This may not occur until after the up cycle. XRP (getting pressed hard as I write in this) will take on a role in this reset.
Crypto was created for what will happen. The world is marching to digitalization. China is leading the world in this process in a rather dystopian fashion (of course select CCP members will continue to mine their BTC pants off). The structure of the coming reset is difficult to predict but it will be digital. Trump will be forced to consider all options. (Yeah, I said it). Fortunately, he understands "restructuring" better than most. He has done this dance before but never on this scale.
FX traders and bond daddies must manage through the fight of the powers that be trying for one last pump in the dollar (in order to bankrupt everyone else first in order to gain leverage - value - in the reset structure). This plan my fail making that management difficult. Regular folks must keep their seat belts on.
Anyone new to crypto probably enters BTC or XRP at these levels without too much ultimate heat given a pop from here. Seat belt on and beak to the wind.
From November of 2015 to April 2016, BTC traded sideways (much like now). In April 2016 it popped 73% then dropped 39% only to the start a monthly march up 3,344%. In March 2020 after breaking out to the upside, there was a 63% drop only to lead to another monthly march up 1,585%.
Much like those moments, it feels as though BTC wants to pop higher. ( Note that the down cycle of the Monthly stochastic since March has yielded little downside). There is a chance that once this happens, we could experience a downdraft anywhere from 33% to 63%. This will be a fundamental event. Post election insanity? Bank failures? Tether? Dollar rally? Far East? Middle East?
BTC will find its legs in this event and it will march from this possible downdraft to levels possibly 390% higher. (BTC Stock to Flow would argue higher). XRP will leave these % numbers in the dust - see earlier post.
For those who may not realize it, the U.S. is officially bankrupt - no one is saying it but the numbers are there to chew on. (Elon has finally faced this fact if you follow his tweets). There is no coming back from the real numbers. None. The bond market is not acting like it is "supposed" to. The bond market as is Gold is beginning to speak to you on this issue.
There will be a reset - a restructuring. Will this be the coming downdraft event? I don't thinks so. This may not occur until after the up cycle. XRP (getting pressed hard as I write in this) will take on a role in this reset.
Crypto was created for what will happen. The world is marching to digitalization. China is leading the world in this process in a rather dystopian fashion (of course select CCP members will continue to mine their BTC pants off). The structure of the coming reset is difficult to predict but it will be digital. Trump will be forced to consider all options. (Yeah, I said it). Fortunately, he understands "restructuring" better than most. He has done this dance before but never on this scale.
FX traders and bond daddies must manage through the fight of the powers that be trying for one last pump in the dollar (in order to bankrupt everyone else first in order to gain leverage - value - in the reset structure). This plan my fail making that management difficult. Regular folks must keep their seat belts on.
Anyone new to crypto probably enters BTC or XRP at these levels without too much ultimate heat given a pop from here. Seat belt on and beak to the wind.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.