#Bitcoin Daily

As Expected, PA Stopped dead on Fib Circle and Currently trying to decide where to go next.

RSI is overbought on the Daily and has ranged for a while...It could turn down but over all, Sentiment still Bullish.

A Dip back to 64K is possible and would Stil l be a higher Low.

I think a move on Sunday night / Monday morning again ( CET )

But as always, Foolish to try and predict PA movements ha ha....( says he having just done it )

Have a great weekend

On the whole, I look at #Bitcoin INDEX charts but I Just looked back at this old chart on the BINANCE Exchange and it does point towards a possibly Uncomfortable weekend if you are Levereged LONG

Fib Circles have a HUGE bearing on what we see PA do... it is just a Fact.

So, Take Care if you are Levereged this weekend....It may not happen but..do you want to take that risk and Not cover yourself..

Meanwhile, SPOT traders..well...We off out and enjoying life, Carefree and waiting for Monday

Have agood one Guys and Gals

#Bitcoin Daily

PA stalled under Resistance and we could be here till Monday

You can see VRVP is offering support right below but it may be fragile

A return to 64800 is possible but PA does have strength so still BULLISH

We wait to see when we push higher but we have another higher high, Just

Leftist - Rightist - Middleist - Bullshitist -- It is all just opinions and only has Value if it is given to it. The Idea of Free speech is that people say what they feel, to regret or not at a later date. The REAL value in all this is that peop;e need to learn how to accept other views and not have a heart attack while screaming at who ever write what they did not lke.. Just like we used to have to do in the old days, when people were a little "Harder" andmore Able..

#Bitcoin Daily since 2021

I want to show you again just what PA is up against right now.

It is the very same Fib cirle that PA ran up underneath, to the first ATH in March 2021

NOTE - UNDERNEATH - this is Strong resistance and even though the sentiment right now is extremely Bullish, there is plenty of possibility for a sharp pull back

We will get through it at some point. There is little doubt about that.

The zoomed image shows you clearly that we are still UNDER that resistance

Remain Cautious but Bullish

DXY $ in Yellow

#Bitcoin in Orange

Fractal since Nov 2021 ATH for BTC

I have always, for years, been one to say that BTC and $ move in opposite directions... and to many extents, this shows you what I mean but what I do find very interesting is how, since the Jan 2024 Take off with #BTC, the $ and BTC have effectively been in a Range together iuntill the BTC ETF's began taking over.

And more than that, Look...This BTC Range since March this year has been more stable than the DXY !

BITCOIN - REAL STABLE DECENTRALISED CURRENCY

For me, its a no brainer..Whiel the DXY $ looses Value, as it has been, Gold pair still holds it value better. and currently , gaining on both assets...it is rare that BTC climbs while DXY $ also climbs.

BITFINEX trasdes BTC XAUT directly - hope that helps

One thing that is rarly looked at to see about BTC PA is the #Bitcoin XAUT ( GOLD ) Chart

This has NOT broken out of range, though climbing well

Currently at 25.078 ounces per BTC, we hit a wall at around 26.3.

One reason why this has happened is that GOLD is also gaining. But BTC has a higher % Gain.

We wait to see what happens.

Will GOLD retreat and BTC continue ?

Or will Both retreat or continue to Gain ?

When trading Crypto, it is VERY IMPORTANT to remember this

Thanks for the invire Alby - One erquest - PLEASE DO DARK MODE

A Closer look at lines of resistance for #BTC till we reach 70K Cliff.

Current wall at 68K then we will have 70K

True Cliff begins at 73K - ATH Zone

MACD still has plenty of Room to rise a

But be aware, it may take time and rejection is possible anytime.

SPOT is SAFE

LEVERAGE IS RISKY

Trade safe

So, Another great push , with volume, From #Bitcoin and now we sit above the long term resistance in Mid channel and seems comfortable with it, though RSI over bought but can range further. The longer it does that, the more Fragile things become

We now have a number of layers of heavy resistance till we pass 76K (red bar)

If we get through 68K , next wall at 69K. then the cliff from 70K to 76K

WE CAN DO THIS

Another way of looking at where #Bitcoin is at right now.

Since Jan 2023, it has created a number of rising channels and we have just broken back into the upper channel.

The upper Trend line of this Channel has rejected PA firmly on 3 previous occasions.

The zoomed image shows you the tightening that is happening

The Squeeze

PA WILL react before 23 Oct Apex.

Remember that Squeeze I been talking about ?

It is certainly Time for a reaction now and its coming....

The upper trendline there is the long term resistance since March and we now have that 236 fib line just below...

Support just below that to

You ready ? Could go either way but I think HIGHER

Bitcoin Versus Gold update

Just NO compitition here... BTC RIULES

#Bitcoin may well be doing well against the usdt stable coin but #Bitcoin is STOMPING ALL OVER GOLD

Sorry Peter Schiff

One of the biggest mistakes a Newbie trader will make is seeing a 25% profit on a coin and go.."Ohh..Take it now..Lock in Profit"

And while thatis an excellent idea at times..It is very important to keep in touch with the project that allowed that profit.

Case in point for me, the the BINANCE coin, BNB.

I first bought BNB in early 2018 -it was 20 usdt a coin and I bought LOADS. PA dropped and so when it went back up to a staggering 34 usdt in Jan 2019, I sold up and went into other coins..happy with my profit.

I did reenter my trades to BNB but I will ALWAYS regret Not holding the BNB I had in the first place.

THINK when you enter a trade about its true potential.

BINACE is one of the most respected and securly backed Exchanges out there. Its coins WILL Grow.

And given how the busines has grown, I can see further huge gains but at the same time, we do need to keep an eye on the market Cap....This does influence a coins price.

for instance, a coin with a distribution of 4 billion is NEVER going to be worth 10,000 usdt a coin.

Be realistic

Bitcoin 3 hour

YUP - was worth waiting for monday morning.

We finaly got over that 236 Fib line. Now we just need to hold it. We may come back down to retest is as support.

The Bold dash line overhead is what we need to break over, that has rejecyted us since March

Have a good week

Bitcoin Weekly

Week closed Green but only just, with an indecisive hanging man Doji. This Could be showing a Bullsih potential move higher but I do draw your attention to the Squeeze PA is now in.

PA will react before we hit an apex 99% of the time.

That Apex is around 11 November.

Also, the dotted Trendline has been used as support only 2 times previously, in 2017 and 2019 and on each occasion, we went to a high.

But see how PA has been contained on this line since Feb 2014 and has ranged along it since July 2014.

This is a STRONG line of support and could still be the Spring board to break through the wall at 76K that PA has been below since March 2024

At the same time, we have the MACD heading to cross its Signal line, Bullish once crossed and the RSI is climbing, though slowly.

There are plenty of other pointers that suggest a move higher is imminent.

But we have NO guarantees, EVER.....But Boy oh Boy, am I ever stacking SATS right now. ( and that is not that crappy ALT coins called SATS )

Z-Score ( 2nd Image)

The MVRV Z-score divides the difference between Market cap and realized market cap by the historic standard deviation of the market cap.

Historically, this has been insanely accurate at detecting bitcoin tops and bottoms:

A Z-Score above 7 means bitcoin is vastly overpriced and at a local top.

A Z-Score below 0.1 means bitcoin is underpriced and at a local bottom

Z score is the Lower green line and is currently at 1.57. We have SO Far to go and it may well be soon.

And Fascinating how MVRV also seems to run well with Fibs !...

We are about to witness some amazing price moves....I just hope they are positive....

Have safeguards in place, ALWAYS

Serious request to developers and Web page creators

STOP BLOODY USING LIGHT BLUE TEXT ON A WHITE / CREAM BACKGROUND

Just what makes you think that is easy to read ?

BLACK TEXT ON WHITE / CREAM WORKS VERY VERY WELL

THANK YOU