btcfeen on Nostr: Usa and global liquidity… still choppy. Not much to add here ...
Usa and global liquidity… still choppy. Not much to add here https://www.tradingview.com/x/BBhlr3G2/
DXY… At the top diagonal resistance now. Bear div still in tact. Im sure there are some fundamental drivers pushing this higher. It seemed to rally on the trump win. Again, btc showing at of strength with this rallying. If it heads down it will be an additional tailwind https://www.tradingview.com/x/TAnJZmJV/
Us10y… fakeout above the large resistance. https://www.tradingview.com/x/FeOzOc9l/
Tlt… still at support here https://www.tradingview.com/x/dTsgPjqP/
Spx… at the top of the diagonal resistance. If it does pop over the line and accelerate it could hit the 261 ext fairly quickly. https://www.tradingview.com/x/JHWU2ARb/
Gold.. looks to be getting rejected at the fib. I actually think this would be good for btc. In the past gold has rallied first. Perhaps we even get some profit taking on gold that flows into btc. https://www.tradingview.com/x/GMgKEsE3/
BTC… very good weekly close. Last week was the retest of the diagonal breakout that held 68k. I said that a lot of times those long upward dojis are actually bull and it turns out it was. Bband expansion which is very good to see. In the words of mr Bollinger its time to “pay attention”. https://www.tradingview.com/x/AbSlYHkj/
It is all about the fib ext. there are no more history and it’s a blue sky breakout. These are the most fun.
The cup and handle linear target is 130k. https://www.tradingview.com/x/ZPfD9HPr/
94k is the regular fib ext target https://www.tradingview.com/x/niD8RhV9/
99k is the trend based fib ext target from aug 23 low https://www.tradingview.com/x/C5gpfP5A/
If you take it from the jan low its 85k. https://www.tradingview.com/x/08yCAzbZ/
All I know is im not trying to fade a 7 month range breakout and in reality it’s a 3 year range breakout too. If btc follows gold its going to 173 https://www.tradingview.com/x/pzge13g8/
I like to track price/dma to see how extended price is. It seems on the 50 dma it’s the 125 level we have to watch for. That’s about 85k. but since it’s a range breakout it could extend past that a bit. Overall I think we could see a pullback a bit before 100k but who knows. https://www.tradingview.com/x/E1se6zS1/
In 2020 when the breakout first started it ran to 1.4. in 2017 it ran to 1.53. https://www.tradingview.com/x/jKbFlB35/ I will keep checking this every few days to see when we need to use caution
Ethusd… still think this is heading to 4k fairly quickly. https://www.tradingview.com/x/FzIS8feU/ last time btc broke ath eth was 59% and went to its ath within 1.5 months later. That would put eth at an ath by year end https://www.tradingview.com/x/hP6P6Loj/
Ehtbtc nice bounce but still rejected resistance. I think this runs when btc consolidates. Similar to how btc is with gold https://www.tradingview.com/x/Apwl3Ykg/
Btc.d nice rejected at the diagonal https://www.tradingview.com/x/JyGMBTEl/
Overall thoughts. A trump win and red sweep is very good for btc and crypto. Imo there is a very good shot at lummis passing the btc bill which the usa would try to acquire 1 mil btc within 5 years. This will set of a sovereign game theory race like we have never seen. Price will likely have to go much higher to accommodate that level of buying. Yes older holders will sell but I doubt theres more than a few mil coins people want to let go of. Exciting stuff. Overall, we just had a 7 month and 3 year range breakout. This is def not where I would want to be fading btc. In the past we got a double pretty quickly after this level broke. https://www.tradingview.com/x/cmO2adny/ alts should start to get a bid now that btc has broke its inflation adjusted ath.
DXY… At the top diagonal resistance now. Bear div still in tact. Im sure there are some fundamental drivers pushing this higher. It seemed to rally on the trump win. Again, btc showing at of strength with this rallying. If it heads down it will be an additional tailwind https://www.tradingview.com/x/TAnJZmJV/
Us10y… fakeout above the large resistance. https://www.tradingview.com/x/FeOzOc9l/
Tlt… still at support here https://www.tradingview.com/x/dTsgPjqP/
Spx… at the top of the diagonal resistance. If it does pop over the line and accelerate it could hit the 261 ext fairly quickly. https://www.tradingview.com/x/JHWU2ARb/
Gold.. looks to be getting rejected at the fib. I actually think this would be good for btc. In the past gold has rallied first. Perhaps we even get some profit taking on gold that flows into btc. https://www.tradingview.com/x/GMgKEsE3/
BTC… very good weekly close. Last week was the retest of the diagonal breakout that held 68k. I said that a lot of times those long upward dojis are actually bull and it turns out it was. Bband expansion which is very good to see. In the words of mr Bollinger its time to “pay attention”. https://www.tradingview.com/x/AbSlYHkj/
It is all about the fib ext. there are no more history and it’s a blue sky breakout. These are the most fun.
The cup and handle linear target is 130k. https://www.tradingview.com/x/ZPfD9HPr/
94k is the regular fib ext target https://www.tradingview.com/x/niD8RhV9/
99k is the trend based fib ext target from aug 23 low https://www.tradingview.com/x/C5gpfP5A/
If you take it from the jan low its 85k. https://www.tradingview.com/x/08yCAzbZ/
All I know is im not trying to fade a 7 month range breakout and in reality it’s a 3 year range breakout too. If btc follows gold its going to 173 https://www.tradingview.com/x/pzge13g8/
I like to track price/dma to see how extended price is. It seems on the 50 dma it’s the 125 level we have to watch for. That’s about 85k. but since it’s a range breakout it could extend past that a bit. Overall I think we could see a pullback a bit before 100k but who knows. https://www.tradingview.com/x/E1se6zS1/
In 2020 when the breakout first started it ran to 1.4. in 2017 it ran to 1.53. https://www.tradingview.com/x/jKbFlB35/ I will keep checking this every few days to see when we need to use caution
Ethusd… still think this is heading to 4k fairly quickly. https://www.tradingview.com/x/FzIS8feU/ last time btc broke ath eth was 59% and went to its ath within 1.5 months later. That would put eth at an ath by year end https://www.tradingview.com/x/hP6P6Loj/
Ehtbtc nice bounce but still rejected resistance. I think this runs when btc consolidates. Similar to how btc is with gold https://www.tradingview.com/x/Apwl3Ykg/
Btc.d nice rejected at the diagonal https://www.tradingview.com/x/JyGMBTEl/
Overall thoughts. A trump win and red sweep is very good for btc and crypto. Imo there is a very good shot at lummis passing the btc bill which the usa would try to acquire 1 mil btc within 5 years. This will set of a sovereign game theory race like we have never seen. Price will likely have to go much higher to accommodate that level of buying. Yes older holders will sell but I doubt theres more than a few mil coins people want to let go of. Exciting stuff. Overall, we just had a 7 month and 3 year range breakout. This is def not where I would want to be fading btc. In the past we got a double pretty quickly after this level broke. https://www.tradingview.com/x/cmO2adny/ alts should start to get a bid now that btc has broke its inflation adjusted ath.