I love $EOS because i buy it Cheap! :-) I love TA & want to be friends w/ everyone. If I make you mad its bcuz I dont write English perfect so just no Im sorry!
Joined June 2018
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Death, taxes, & @truecrypto calling every top & bottom in advanced
First he explained why a trader shouldn't predict the next several moves, then he perfectly predicts price will break structure and then spring higher.
We shouldnt be surprised, but its always amazing.
#BTC Wyckoff formation
While everyone loves to post schematics to get a lot of likes, most of those people are committing a fatal mistake where they assume it is Phase B, and they then draw what they say will now happen in Phase C, D, & E
It's hard enough to predict the next move, let alone the next three moves, so this causes BIAS, and having a BIAS often leads to significant losses. Our TA should only be used to help us find EDGE in what will happen next.
Moreover, we should also realize that many accumulations are failed distributions and many distributions are failed accumulations. The point is that what will happen IS NOT ALREADY WRITTEN.
Once we establish that we understand and respect all that as the far more essential realities for our trading, then I don't mind telling you that my current lean is that we are likely to see a reaccumulation that shows some level of a sign of weakness and then provides a Spring to reverse course such as this chart displays.
If that is the case, we might be entering that sign of weakness phase that breaks some structure and then springs now, or we may hold support only to test it again later (possibly on some news).
Jimmy retweeted
#BTC
A Weekly Candle Close above ~$71500 would probably kickstart the breakout from the Re-Accumulation Range
However, history suggests Bitcoin should consolidate inside this Re-Accumulation Range for several weeks more
Extended consolidation here would get Bitcoin closer to resynchronising with historical Halving Cycles
After all, the current acceleration in the cycle is still around 190 days (which is an improvement from the 260-day acceleration set in mid-March when BTC made new All Time Highs)
On the one hand, investors understandably want a breakout, but that would entail an Accelerated Cycle, where Bitcoin would probably peak in its Bull Market sooner
On the other hand, extended consolidation here would help with resynchronisation with historical Halving Cycles, resulting in a longer Bull Run
There is no right or wrong answer - both cases are bullish
It's more a question of whether we get a shorter bull run or a typically long one
History suggests we should see a typically long one but Bitcoin is one Weekly Close above the $71500 Range High from going against the grain of history once again
$BTC #Crypto #Bitcoin
Jimmy retweeted
One more thing I've been talking about for a while... what the hell happens to the price of ETH if there is big demand for the ETF and 30% remains staked (off market) and burning makes supply deeply negative as activity rises.... that could create a banana zone squared...
Jimmy retweeted
EVERYTHING HAS CHANGED.
Democrats pushed back against Biden and Warren and voted for crypto.
The FDIC chair that Warren was privately protecting and who orchestrated Chokepoint 2.0 is stepping down.
The ETH ETFs are likely to be approved now as a result of the tide change.
Absolutely amazing.
Jimmy retweeted
$BTC - Nice little 1.272 drive down to the origin of the impulse at $61.8k.
Ideal entry point for a final liquidity sweep before a strong reversal.
Market not giving bulls much lately, but trying to capture as much of it as I can.
@JacobCanfield - Always puts on a masterclass for #bitcoin updates inside of the mastermind.
Gave a $61.8k entry point last night, almost the pico bottom of where we just tapped.
👉LINK: discord.gg/tradingmastermind
He uses a combination of experience, fibonacci, moving averages and support/resistance to find ideal entry points and exit points for members.
The mastermind is completely FREE for anyone trading on the masterminds bybit referral link.
If you already have a Bybit account and are not under any affiliate, all you have to do is enter our affiliate code and you'll get access.
If you are already under an affiliate, it's a simple two step process to transfer over your KYC to a new account.
Join the discord, connect your bybit account and get instant access to courses, trading guides and 5 trading mentors:
👉LINK: discord.gg/tradingmastermind
Jimmy retweeted
Bank of Japan intervened overnight in Yen. Will intervention turn the train, or just slow it down?
Makes me think back to when George Soros took on the Bank of England in 1992 @bankofengland -- and won.
Most of you Hot-Shot Geniuses were not even born yet $USDJPY
Jimmy retweeted
In case you missed it...
New YouTube video is live!
When Will This Bitcoin Re-Accumulation Phase End?
Check it out here:
youtu.be/-bDzgKjQKqE?si=5GSp…
Enjoy and Subscribe!
#BTC #Crypto #Bitcoin
Jimmy retweeted
Over the past few days there have been a number of attacks on non-custodial crypto services.
- the Samourai Wallet indictment, which we believe includes some questionable charges
- the government’s response in the case against Tornado Cash’s developers, which specifically calls out Coin Center’s brief
- the FBI’s bulletin essentially warning Americans to stay away from self-hosted wallet services
There is a lot to be said about all this, and a thoughtful and thorough legal analysis takes time. Coin Center will post one soon, likely today, but until then please bear with us. We're on the case.
Jimmy retweeted
[ Poll ]
Last time $BTC traded at $56k was in November’21
Is your $ portfolio now higher than it was then?
53%Yes, higher
47%No, lower
444 votes • Final results
