You won't see a #Bitcoin chart like this anywhere else on X.
Look at the ANGLE of the decline of this current bear market compared to previous ones
It tells us that not only is price really is stuggling to move down but it is taking longer to decline.
Combine that with it being at the 200W MA, and this is as good as it gets for loading up the truck.
ALL SET: the iShares Bitcoin Premium Income ETF $BITA is launching TOMORROW (tue). Confirmed by Nasdaq. Also, the ETF will target 15-25% annual yield while trying to capture at least 70% of bitcoin's upside in process.
War looks to be over. ✅
Inflation inputs falling. ✅
First Warsh FOMC in 2 days and they'll be looking through any current inflation.✅
So potential rate cut ✅
And people are wavering over $MSTR and $ASST because they offer double digit yields while the cash rate coud be cut?
Make it make sense.
Bitcoin at the 200 Week moving average. Has only fallen to here 3 times previously. Each time the max subsequent fall has been 30% and there is no guarantee that it will even go there this time.
If you can't handle a potential 30% DD from here, then Bitcoin isn't the asset for you.
First $MSTR add in my retierment account in years.
Is this the bottom in $MSTR? Possibly not.
In a few years, will this be seens as another gift from the heavens? Probably yes.
Bitcoin at 200W MA✅
Buy MSTR✅
Bitcoin at the 200 Week moving average. Has only fallen to here 3 times previously. Each time the max subsequent fall has been 30% and there is no guarantee that it will even go there this time.
If you can't handle a potential 30% DD from here, then Bitcoin isn't the asset for you.
$MRVL That’s nasty.
They marked it up for retail to FOMO and dumped their bags onto them.
Whenever you see that kind of volume and a narrow range after an extended move - many a bag holder is created.
Not really sure what $MRVL does but it was in an uptrend and Jensen said it was going to be the next $1T ($1000) company so I bought in the overnight session
Buy the leaders. Go where the money is.
Price pays.
Not really sure what $MRVL does but it was in an uptrend and Jensen said it was going to be the next $1T ($1000) company so I bought in the overnight session
Buy the leaders. Go where the money is.
Price pays.