I did my job. I entered a long. Now, bulls, it’s your turn to save the weekly candle.

Recktober

Hot take: most Bitcoiners are just broke people who believe it will make them rich AF. It won’t.

Wake me up when Uptober ends... bitcoin:native

Pure speculation, but if DXY is going to have a similar rally as it had last time, we should see a local top around 102.8, which might happen somewhere between the 27th and 30th of October. That's where we may see a continuation for Bitcoin.

The chances of turning this monthly candle red are tending toward zero. The more bears realize this, the higher buying pressure we will experience. bitcoin:native

Very nice pump on ethereum:0x7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9 - I am looking at these two key levels for a reaction and a potential short entry.

We are approaching an important resistance on 10-year bonds - the 50-year SMA. If you want to say that it doesn't work this way for bonds... Well, it reacted to the 100-year SMA already.

It looks like Bitcoin is losing $83k. Something like this would make sense in that case. bitcoin:native

$STRC below par tells me that Bitcoin still has room to go up. But once you see it at $100, it's time to take profit on Bitcoin position.

Which one of them are you?

With all those failed attempts to break down during the week, Bitcoin managed to build quite a strong basement, and right now we are right above the Point of Control. I expect a rally next week, with an initial target around $87k. Based on the reaction at this level, we can expect either continuation or a correction. bitcoin:native

A breakout that ends up being a lower high is a concerning signal.

This doesn't make sense. One may borrow $1,000 at 15%, while another may borrow $1,000,000 at 5%. It's not the size of the debt that matters; it's reliability.

Those are the two charts your assets care about the most. Watch them closely.

This is bearish so far. The higher we go now, the more painful the drop will be.

If your Bitcoin strategy is to only buy and always buy, you deny yourself agency and cannot have any impact on your wealth - you're just a passenger in the carriage.