Not many people realise this but it is the same when you guy Music from Amazon or Apple Music - When you die, that license expires. you CANNOT give your Digital Music to your loved ones in your Will... Which is why I ALWAYS Buy a CD... I own that 100%
Mind you, I am not aware of a "self dstruct" in the Music files when you die... But.......
#Bitcoin Weekly Candle colours in October since 2019
2019
Week number
1 - Green
2 - Red
3 - Green
4 - Red
2020
1 - Green
2 - Green
3 - Green
4 - Green
2021
1 - Green
2 - Green
3 - Red
4 - Green
2022
1 - Green
2 - Red
3 - Green
4 - Green
2023
1 - Red
2 - Red
3 - Green
4 - Green
2024
1 - Red
2 - currently Red
In the 3 mins since you posted this,, HOIW on Earth did you get so many zpas and comments ? Amazing
Sometimes, on "Social Media", it really is lke talking to yourself !
How many here were on MINDS ?
Anyone in the USa who thinks their Vote actually matters, REALLY should go and see about the Electoral Collage.
It is THAT organisation that actuall places the president in power ....NOT the voters.
ABA Legal Fact Check: Can the Electoral College be ...
American Bar Association
https://americanbar.org › youraba › october-2019
A. This spring, numerous candidates for president expressed support for either abolishing or changing the Electoral College, which ultimately picks the U.S President.
IT IS NOT THE VOTERS
And so, if the real power house behind the USa wants WAR, to earn money, they will put Harris in power and Not Trump
It really is a pretence at democracy....
Posted this orignaly on 1st Oct.
Don't you Just Love it when PA does what you think it will and follows your direction arrows perfectly
Will it continue ? Well, that was 6 days and
now we have hit stro0ng resistance around 63700 - it is important we get through this
nostr:note15ud3kkr78x73779x030fzkzf57wccqe2tyku9c4xc0xjqx2qeudq03257y
#Bitcoin Daily
Despite the optimism in the weekly chart, there is a high % Chance of rejection today and possibly longer.
As you shold all be aware by now, there is NEVER a guarantee with Crypto.
But we really need to try and avoid dropping below 60K again.
We di have support from the RSI and a possibly turning Bullish MACD
All to play for today but, sadly as ever, We may have to wait for Data from the USa on 9, 10 &11 Oct...which takes us to the end of the Week
FOMC minutes on Wed 9
Inflation data on Thursday 10
PPI amd stuff on Friday 11
#Bitcoin Weekly
Candle closed Red and not surprising really giveN the 3 Green weeks previously.
But the question on everyones lips right now is Will UPTOBER start now ?
and the simple answer is, "Yes, It can".
The MACD has bounced, though cooled off a little but still down near Neutral and OnChain data backs up this sentiment.
The week has started Green and PA has found support on the long term trendline ( dotted)
Current price is 63600
Resistance over head starts at 65450 usdt ( 3.618 Fib line )
The real test begins at 71970 usdt - the 4 Fib extension line.
And the Warning Zone ( that can be beaten) is at the 4.236 fib line at nealy Exactly 76K usdt
WE CAN DO THIS - it is why we have been ranging since March.
We now have the "ummpphh " to push through
Lets do this
I've always looked at people like that as simply Prostitutin gthemselves...and for what ?
Bitcoin repaeting patterns from 2021
I have used a line graph to make it easier to see, though it does take some details out. With candles, the % given are seen to be accurate.
So. From the point where I considered PA to start its move in Sep 2020 ( 1 ) , we saw an initial 84.6% move higher before PA took time out and Ranged, to cool off.
Similalry, the start point this time was in Jan 2023 ( 1 ) and we saw a 95.4% rise before PA took time out and cooled off.
In Dec 2020 ( 2 ) , then took us up another 124% before we saw a more severe pull back ( 3 ) of -28.6%
This time round, we saw a Rise of 131% ( 2 ) before the current pull back of -33% ( 3 )
We now sit at the point where we maybe about to start the 4 leg up.
In 2021, The next rise ( 4 ) took us up 119.4%, to the next ATH in March 2021
If we were to do this again in 2024 / 2025, a simialar rise takes up to that magical 100K zone.
This time round, the whole process has taken a Lot longer, more controlled and calmer and, maybe, less likely to fall like a stone afterwards.
Amazing similarities in Price rises %.
#Bitcoin 4 hour and Bollinger Bands.
PA fell down the lower band and has since pulled off it and is now trying a recovery though it may find resistance around the Basis line ( orange Dots ) at around 51500
The VRVP on the right of the chart shows us the Window of low resistance that exists up to the POC ( point of control Red Dots ) at 63200, which is also the area where the upper band line is.
Today, I think markets are waiting and once the Trigger is pulled, we will see reactions.
Over all, resistance overhead is weakening and the potential for Further gains exist though, at the same time, we need to be aware that a drop is also very possible.
On a Longer term timeframe, It should be understood that trend strength is now very weak. The trend being a submissive one. The Ranging since March 2024 is about to end and trend strength will increase and it will be BULLLISH
This chart is the #Bitcoin Index Daily ADX DI + and DI -
What are they ?
The ADX ( yellow ) shows us the strength of a Trend..
NOT THE DIRECTIOiN OF TREND. So, If a Trend is + or -, this line, when rising, shows increasing strength of Trend.
The Orange line in the positive Price direction index or the strength of the + price increase.
And similarly, the Red line is the Negative price index.
And so, what this chart shows us is the strengths of trends and price action.
and what I want to show you here is simply how we went from a positive Trend set, to a negative trend set and that we are still in that negative trend set for now.
On the left of the vertical dashed line, notice how the ADX (yellow) rose and fell with the Orange DI + but at the end of March, after the BTC ATH, the trend reversed...
See how now, the ADX rises and Falls with the Red DI - though this trend sequence appears to be getting weaker and weaker.
so, we wait for this to reverses again.
Bitcoin Daily and Weekly Charts with SMA ribbons - 2 stories
This is the channel BTC has been in since Jan 2023. We broke out of it on Feb 2024 and returned into it in July 2024
The 1st image is the weekly chart and we can see how, as a result of this Long term Rise since Jan 2023, The SMA's have begun crossing Bullish with the 100 (blue ) just recently regaining ground above the 200 ( yellow) . This is despite the Long Term Range we are currently in and shows the strength the PA Has Had.
The 50 ( RED) was the first to recover and it is that that is currently offering support to PA as is shown by the bounce off it just 3 weeks ago. However, the Long Term range just mentioned has yet to fully appear in these SMA's
So, lets look at the Daily
The Daily shows us the battle taking place between the 50 (red ) and the 100 ( blue )
The Bullish order for these SMA's is , from top to bottom, 50 ( red) 100 ( blue) 128 ( green and 200 ( yellow )
What worried a lot of people was, on the 8 August, we saw a "Death Cross", where the 200 crossed above the 50.
this is considered a bearish sign but I will say, we saw this on a few occasions in 2020 - 2021 nad PA recovered.
We can see how PA has tried to recover recently and, in fact, made a slightly higher high and it even got through the 200, that tried to be resistance.... But we failed to hold that and now, just today, we have found support on the 50 again.
We need to hold this but we may not.
For me, I think we will see 58K , FEAR will set in again and we will have to wait and see how things play out.
The problem with Moving Averages and using them as Tools for understanding the market , is how laggy they are. They take so long to react.
The Weekly Looks fine.... Very bullish, 100 crossing over the 200 - everything looks LOVELY but the real story is below that, the Daily, all hell is breaking Loose.
And the lower down the time frames we go, the worse it gets but the nearer to the real time data we get.
I Look at MA's, I do my business with other Tools.
A Death Cross, for instance, only shows us what has happened ALREADY and any decent trader will already have seen that signal elsewhere, like in the PA for instance !
But, they do have thrie uses.........
Simple as that
I would just like to say THANK YOU..No..Hang on.. a MASSIVE THANK YOU to everyone that contributes to NOSTR development, the people that make it possible for me to say thank you.
Behind ALL OPEN SOURCE are 100's i fnot 1000's of people, all giving their time
So, THANK YOU Guys and Gals - you are true Dismonds
#Bitcoin Daily
The 50 (Red) , 100 (Blue), 128 (green) and 200 (Yellow) Simple Moving Averages ( SMA ) are in Exact reverse order to that of how we would like to see them
Normally, when PA climbs, the 50 is above the 200 as on the left of this chart
And as mentioned before, see that MACD is up high and is very likely to Drop as PA either Ranges or Drops further.
I will say, that in a Full on Bull Run, that MACD can Range High..... But we are NOT in a Bull run yet...
Caution is very much the name of the game right now.... Bullish Caution
