And My head..My Head just keeps talking...My Talking Heads

So while we all wait to see what he DXY SUPPORT GROUP....err...sorry...THE FED say on the 18th September about Rate Cuts in the USA, here is a chart I have been posting elsewhere since 22nd March 2022

This is the History of BTC PA and the Fed Rate Rises and as you can see, the Rates actually had little effect on BTC PA. It was the impact on other things because of Rates, that effected BTC PA...like LUNA and FTX. BTC still began its rise to current levels just after a 50 point raise and continued to rise despite further rate rises after that.

We have had nearly a year of 0 rises and look at BTC PA.

The Biggest effect has been the approval of the BTC ETF's

So, Will Rate Cuts effect BTC ?

Very likely but what we all need to remember here is that, traditionally, when the Fed pivots, Traditional Markets Fall..........

Will Bitcoin follow suit ?

It is foolish to say a definitive response to that. We just do not know, Bitcoin has NEVER been in this position.

But I am inclined to say PA will respond positively. That maybe a hope more than knowledge lol. If the traditioanal Markets fall, that money has to go somewhere and it will not be the $, Lower Rates gives less returns. GOLD is the traditional deposit. BTC may well tempt many..

I hope so

We will have to watch On chain and Traditional charts VERY closely on the lead up to and just after.

Why is this a surprise..What do you think Alexa dies ? You even give it permission to do so..same will all other apps that ask for permission to use Microphone.....The data is sold..How many read the small print that says " We reserve the right to use the data we record"

It does eem to be a bit convoluted doesn't it - Thanks for th eidea, I'll have a look

I was always told, while growing up, "Never accept second Best"

ETHEREUM or BITCOIN

Never accept Second best seems to be a thing in Crypto.

This ETHBTC chart very clearly shows how BITCOIN has Massively out performed ETH since Nov 2021 and is comtinuing to do so.

SELL ETH But BITCOIN

it is that simple

Some interesting things happening in the Crypto market as a whole.

Here are 4 charts that begin to point out these.

TOTAL CRYPTO MARKET CAP - On a fragile line of support it has used before to push to ATH

TOTAL2 - Total Market cap Minus BTC - PA has been rejected off the line it needed to hold as Support and now sits on Midline of that area of support

TOTAL3 - Total Market cap Minus BTC & ETH - This shows PA has been sitting on midline Longer than total2 and, so far, it has held 3 retests so far. Could this be the New Floor ? THIS MUST HOLD for ALT Market.

OTHERS -Total Market Cap minus Top 10 - It is THIS chart that I thinnk MANY need to see. It has already lost support, lost the retest and so now is heading lower, towards a make or break line for ALTS. The Arrows point towards previous occasions on this line and it is strong. PA is currently trying to hang onto a line of support that has proved good in the past. FINGERS CROSSED FOR ALTS

The Basílica de la Sagrada Família in Barcelona is one of the best I have seen, all based on Trees and is beautiful

Theres an idea..Thanks, I'll have a look

Thanks for replying at least ;-)

TOTAL CRYPTO MARKET CAP

We could be at a deciding point on this one.

#Bitcoin Daily

I been posting this chart for ages on other platforms and now Its here.

I drew those Arrows on the left in April, based on retracement levels made possible by the sharp rise during the "ETF Push".

It took a while but we have hit 3 out of the 4 targets and I am not discounting the possibility of doing the 4th with a sudden dive, Long wick before we push higher.

It may not do this but the chance exists, so I have my spot order down there and a little lower than the 41700 USD suggested by the Fib line.

And I reckon that could happen before that box runs out, again, been there since around April. -

2nd week of September..A time to watch, or there abouts...and the problem for me, I will Not be near a computer...

"WHAT ? Is that possible" ? YUP.. By choice ;- )

PLEASE could you do a quick Wick down to 37K to Grab my Spot order and then turn around and fly up to 75K and then Hold there for a week before continued Rise. Thanks.

I want in to ALBY but I need an invite..do you have one ?

I love what I have heard......

I been following this idea for a long time now and of all the previous cycles, this one is the closest.

The 2013 -> 2017 ATH's overlaid on current PA from Nov 2021 ATH

This idea can break at anytime and it should be remembered that there is no guarentee this will continue but until it stops, then it works.

And if this does continue, Just look at that New ATH in September Next year !

That is a shame.....BUT there must be reasons surely...Maybe he should have approched distributions more closely and then seen adoption grow via reccomendations

So, Whats BULLISH for #Bitcoin right now ?

So many things. We can go into the ON CHAIN side and see Sell side pressure has rediced, Profit / Loss stats are leveling out and so on but lets go Traditional and easy.

Bollinger Bands are envelopes plotted at a standard deviation level above and below a simple moving average of the price. Because the distance of the bands is based on standard deviation, they adjust to volatility swings in the underlying price. Bollinger Bands use 2 parameters, Period and Standard Deviations, StdDev.

The orange Dots are the BASIS or Average.

See the Lower line, where the arrows are ? See how PA moved higher when PA was on that lower line for any length of time ?

We have been sat on that line for a while now and the Odds are for a move higher.

But there is no promise of that, so, be cautious but I think we may well see a Dip lower ( maybe) and then a Shoot higher.

If you use Leverge...STUPID..You have not learnt your lesson yet have you ?

All those Negative people who keep talking about #Bitcoin returning to 30K USDT

What is the basis of their argument ?

To put it simply, when you are the top, the only way is down.

I do not adhere to this argument on this occasion though but Technically, it would be Stupid to ignore it completely.

That Red line down near the Trend line is the 50 Week SMA, which, if you look back, Has acted as support.

So, If PA Looses to the Bears, that is a very real possibility but I do not think we will loose out to the Bears, Not yet.

So, We keep an eye open

Here is something a lot of people seem to have forgotten about.

THE BITCOIN HALVING and the number of days AFTER that we tend to get a new ATH

So heres a little chart to refresh your memories. Please understand, this is a monthly chart so day count have a lee way of + - 15 days but near enough

Nov 2012 Haling - New ATH 365 days later Dec 2013

July 2016 Halving - New ATH 518 days later Dec 2017

May 2020 Halving - New ATH 304 days later March 2021

and again 518 days after Halving in Nov 2021

And NOW, We had a Halving in March 2024 - we are only 153 days after halving.

So, we have a way to go. and if the count works again, ATH will be around Dec, as so many charts point to and as has happened twicwe in the past

SO just hang in there Guys and Gals

As a contrast to the BTC USD chart just posted, the PAXG BTC ( tokenised GOLD pegged 1:1 like a stable coin ) is loosing Value to BTC

BTC is THE gainer rigth now, beating the US $ and GOLD

#Bitcoin USD Index LOG

PA gaining against the USD this morning and plenty of room to continue this push higher.

The MACD is below Neutral ( bottom indicator) and RSI has just touched Neutral.

We could easily see 60K + today if this continues