I didn't thank #[0] for the pfp. Thanks man... hit him up those who have asked.
Now are you can see we are consolidating above January's range... see what happens in Asia. I use both charts, But primarily use the macro range, for places to watch for a reaction. Worst thing is smash buying because of hype right at resistance, only to say damn wish I bought cheaper sats.
How's it going... so today we did end up consolidating above yesterdays first trouble area.... the markets were pretty mental today and BTC hit one on our macro ranges (thicker lines) and retraced.
If CPI comes in as expected or not as hot, then I think we run stops at 25k, and probably push up above 26 before the end of the week. Stay Vigilant - could push up to 28k really quickly, just note.. everything has been filled between 19.6 and where we are now which means there won't be anything but air on the way down.
Pull backs are not of the cards, don't fomo in.. FED still has runway to crash the economy and they will. This stuff with the banks will tighten lending, which is deflationary, meaning it will be harder to get money from a bank, this will impede growth... which is what the FED needs to bring down inflation.
Wild few days...
Yep - and when it breaks there’s going to be one mighty flood… I just hope bitcoiners have matured Enough by the time that happens and we see greater attempts to bridge the gaps between the two systems.
Tune - as weighty as we like it!
Was a good training session today - run my students out - in the ring everything is ten times worse and it’s a shock to the system if you’re not ready.
As btc is pumping (don’t fall it a crash is coming) ima return back to my old tradition of posting a dubstep track on my time
This one is 50,000 Watts by Matty G - my West Coast family. Send it out to Nick Argon, Hera, 12 Planet and my gang at Humboldt seeds.
We had a lovely little pump
And it didn’t sell of! First trouble area did indeed act as resistance for like 30 minutes but now it consolidates above that zone. If trad fi is strong today and dollar is muted then expect pump. Watch gold for
Confluence - super interesting to see the flows of capital as a result of sentiment.
Goood morning!
I did see that post, however it is interesting. It’s a start up bank that even funds many companies here in the UK. What might not be as a result of it going under? At the same time what are all these climate change start ups that it’s funding?
On coinable and Kraken we've hit this area.. Identified range, it came back and retested bottom of the range then pushed up to the top where it consolidated. Easy long to 21.6. If Flows now push into btc, as much of this is short squeeze and an unwinding of late shorts Friday, then It could easily push back up.. but not counting on that.
Not financial advice.. don't play with your corn.. but do have an idea if you are going to make buys, then try and be tactical with those decisions... trading fiat for btc, is still just trading your time... and you shouldn't do it willy nilly.
How it's going... Sunday pumps.
We deffo need scaling solutions, additional layers etc etc and also a fully functioning stable coin that isn't marred in FUD and ultimately controlled by the US.
Bro - I am a coiner, P2P is what it is about, but - I am talking about hyberbitcoinzation - or what could stop it, for me hyperbitcoinisation, is systematic use of BTC by legacy institutions, every day items being denominated in local currency and sats.
I agree, it will be interesting to see what more breaks, when dollar goes on another rally. Who this time will be caught with their pants down. Whatever the case it will make for some nice volatility in FX markets, which always causes nations to act.
In a literal sense, it can never die.. but with little to no active participants as a result of no on or off ramps. then you might as well call it dead... there will be no incentive to pour resources into it.. slow bleed until the last node shuts off.
I suppose we don't talk about how the UK almost blew up on Sept. 28 - because of leveraged bond funds....