Bitcoin priced in dollars will eventually go to infinity or to zero. This chart is a more precise model of an idea I've been toying with for a few months. It fits the past price cycles extremely accurately, if we are willing to disregard the lower end of the Covid crash wick and stick to monthly closes. It also predicts the binary set of possible futures for...
I heard Arthur Hayes mention this coin. I like Arthur Hayes and I learn from him. He knows there's BTC, and everything else is very risky and long term very speculative, and there won't be many winners when the dust settles. For now, all non-BTC crypto is good only for certain people: Founders, VCs, insiders, and extremely good, nonemotional traders. This Aptos...
I have seen power law, the rainbow chart, and stock to flow. For me, none of these are really elegant models, nor are they likely. I believe Bitcoin's price will follow one of two paths over the next 15 years: Either become the global digital money replacing all fiat and go to infinity relative to any fiat, or go to zero. These parallel futures are easily...
The Polkadot network is still alive. It is a unique L0 platform. It has zealous believers, talented developers, and it WILL have its turn to take center stage and pump like crazy in a continued bull market scenario / alt season. That's all we really need to know as far as fundamentals. Drawing arcs, it's difficult to know exactly what the arc will look like...
One possible scenario I'm watching. One more little dump within the current range, just to confuse and frustrate everyone and try to get a few more cheap sats out of us. Then convergence of the bull flag and inverse head and shoulders... rip upwards. Target $90,800.
I believe gold is real wealth. You can hold in your hand, protect it and use it as you see fit. Hold a stack of gold coins in your hand and see for yourself that there is nothing else quite like it. There is also the metaphysical property of gold to attract more wealth, acknowledged in many cultures. This has been true for me since I started accumulating...
After a sudden policy shift from the BOJ, we saw the market trend reverse course and fall from the 140s all the way back to 131. It is mind-boggling that top national currencies are this volatile, but here we are. Now the overreaction to the policy shift has retraced a bit and we are back at 134. Either a dovish hint by Powell or another hawkish step by Kuroda...
Here is a clear view of the patterns I'm watching with BTCUSD. The main macro pattern is this ascending channel, drawn with a diagonal grey rectangle. Touch points on support and resistance are highlighted with red and green arrows. They are perfectly parallel, which increases my confidence in the validity of that range. We also have an established pattern of...
The big arc pattern I was watching has completed, and BTC has put in a new all time high. Now we're slogging through some post-halving chop, speculating on the next big move. It's been about 7 weeks of chop around the LSE:60KS now. If you look at the chart, generally this kind of ranging chop lasts for 7-10 weeks before a decisive move that breaks out of the...
Technical Analysis purists, short term traders, and Elon haters won't like this strategy, but to me it's an obvious play. The robotics and AI technology they are developing at Tesla will disrupt and transform human life way more than their electric cars already have. I want to own some of this stock for the next 10 years for when these technologies actually start...
We have been in the green channel since Jan 2023. It's a clean channel with symmetrical touch points on the top and bottom. There is room to go either way and still stay within the channel. Now at the center of the channel, we have the obvious pattern forming: a bullish pennant. The interesting thing is that there's a convergence between the extension of the...
It looks like the BTC consolidation in the $63-67K range since falling to $60800 is within a few days of completing and making another move one way or the other. The more likely next move is bullish to $75000+. I previously believed the correction would be deeper, at least to GETTEX:59K and possibly to $50K, but a drop to those levels does not look likely to me...
Disclaimer: This post is made only as an analysis of this currency pair, with no intent to express any opinion or commentary on the ongoing conflict. The Israeli Shekel has been the strongest performing currency in the world so far in 2024, even gaining against the US Dollar. And this is happening even as Israel is a country facing enormous uncertainty and...
There's a picture-perfect pennant forming here. This is where technical analysis gets really fun. USDJPY short term moves are basically reliant on Federal Reserve and Bank of Japan policy announcements. There will be a Bank of Japan Monetary Policy Minutes "Summary of Opinions" release on Thursday March 28th (in 3 days) that can influence the currency pair's...
The days of fiat currency are phasing out. It's over. We are moving into a multi-polar monetary system with multiple base layers. If you are aware of what's happening, it's time to choose where to store your wealth. What do you want to own when we emerge on the other side of the tumultuous death of fiat? We now have the technology to support digital wealth...
Yes, I have a bullish bias for BTC. I am always stacking for the long term. And, yes, I have made a couple of bad bullish calls during this bear market. With that acknowledgement, there is a nice arc pattern to watch here with multiple touch points. There is also a clear trend line (black) that broke to the upside, retested, and has held. Even setting my bias...
Here are the most important patterns and trend lines I'm watching now, as this pair ranges between 127 and 137. I am not looking to actively trade leveraged pips on this pair! I make well-timed larger-scale allocations based on macro trends. My prediction remains with previous charts I've shared: 1. A return to lower levels with a test of support around 125,...
Hello and welcome to this volatile and uncertain time in BTC history!! We have crypto bank shutdowns and bailouts, Balaji putting a $2M bet that we see $1M Bitcoin in 90 days, and so much more happening. Mass adoption is possible sooner than we thought, as is more extreme and coordinated government attacks, regulation and enforcement that would stifle BTC for...