BTC - Long Con ConcludingUS Congress authorized CBDC - no surprise there. It is the DEBT
reset.
Erase Liabilities from the US Balance Sheet and all other Nations.
Chose your Habitation Domocile carefully as many States will
push back.
We are in the process of relocating to a more sane State, not that
it will matter in the longer term, but then we do not plan on being within
the US in the next year.
Central Banks around the Globe have Digital "Currencies"
fully authorized.
Questions?
Please direct those to your State Representatives.
Answers?
To be expected, DEBT Failure.
Cryptos... Deck Chairs being re-arranged.
Hodl
Bitcoin Rejects $45K!!Bitcoin took a sharp nose dive at $45K. We informed you yesterday that the buying in crypto was weak and we still aren't convinced of the rally. This sharp selloff took us back to $41.9K, which is a strong level of support and we have $41.6K just under this. We have two more levels before we can think about the $30K handle again. The level $45K remains a significant barrier if Bitcoin gains strength.
Bitcoin Catches a LiftBitcoin caught some momentum and we have broken past levels of resistance at $43K. We did not have the steam to make it to $45K, which was a previous value area. There is a cluster of levels around $45K, which should provide resistance and will be the next barrier for BTC if it catches more momentum. But we appear to be seeing momentum wane at the moment, and the Kovach OBV has slumped to reflect this. Watch for support at $43.1K and if this does not hold we should see support from $41.9K and $41.6K
BTC KEEP THE CHARTS SIMPLE AND ZOOM OUT!BTC is looking bearish short to medium term.
Levels marked with O are very important for the bulls at $42,000-43,000, if these break then the next target marked X would be $36,000-38,000.
This is also the target of the Head and Shoulders pattern.
For BTC to be bullish we have to break above $47,000 and hold as support, if we break below $35,000 then there is nothing stopping us going lower.
Safe trading.
Bitcoin Holds a Narrow RangeBitcoin has established value just above the range it was holding after the selloff. Currently, we are trading sideways in a very narrow range between $47.4K and $48.2K. There is a vacuum zone above to $49.7K, but we do not appear to have the strength to test it, at least for the moment. The Kovach OBV appears dead for now, and it will take significant momentum to break through to upper levels. But $49.7K is the last major level in the $40K handle, the final barrier to the $50K handle. If we break down, we should see support from $46.2K.
Bitcoin Drifts HigherBitcoin has gradually drifted up to break the upper bound of the range it had held between $43.8K and $47.4K. We are meeting resistance one level above at $48.2K. This rally seems very weak by crypto standards. The Kovach OBV has barely moved from lows, and the price action is clearly quite gradual compared to the large spikes of momentum that we typically see when Bitcoin breaks through a level. Watch for resistance here at $48.2K. If not, we have a vacuum zone to $49.7K, which is the last major level in the $40K handle.
SPX500 vs TLT : Are you expecting a big than ever drop? When...Just a fast idea about correlation between SPX500 (US500) and TLT.
I'm more bearish than bullish over Sp500, however I just find out TLT correlation with market. Just read more...
I was expected a major drop here in September, but seems not strong enough.
My other target is around March / April. Why? Because of Financial results.
Can we expect super good gains in a market that drained every stock reserve in 2 year where retails "buyed everything they can find, while at home?" I suppose no.
You simply can't sell a 10$ Toys for 100$. If you can't find enough supply, at least you can rise price a little to 15$, maybe 20$. But if before you where able to sell 200.000 pcs x 10$ = 2M$, now you only have 10.000 x 15$ = 150.000$. Freaky!
Can we expect a faster recover in production while there are production "bottle necks" everywhere? I suppose no.
If I need 200.000 toys, I must find them. But if production limit is 1000 toys for week, and there are no stock reserve and high demand, my order must be shared with others. Price will be rise a little. And if my production machine broke, I must wait for a spare part. And if I produce Spare Part I must wait for chip supplier to produce it. To many "bottle necks" everywhere.
Can we expect a fast FED tapering? Maybe not, will only accelerate collapse. So anyone will stay in silence, waiting ... for collapse.
BUT WAIT... WHY TLT? IS IT WORTH?
Maybe not so worth, but higher TLT prices means less buying interest on Governative Bond. Lower prices means more are buying TLT, and this means "standard stock market credibility" just slowing down , melting off. Reads : sell stock & buy bond / commodities.
As always is only a matter of "capital movement" not to HODL till die. Just learn from Pro. Small gains everydays just build more capital than HODL.
YES BUT MY BTC STORE VALUE IS GREAT! TO THE MOOOON!
Ok, free to believe this. Only ask your self if Pro will really trust on BTC as temporary Store Value (like GOLD is only temporary) or if... they are going to screw every small retail.
TO MAKE IT SIMPLE
Whatever will happen, Oil prices, Tapering, Yield Interest, BTC to the moon... from a perspective of "simple buy and sell goods" we are already screwed. We need time to recap production, to fill warehouse, to arrange product stock supply reserve.
Hope is oil price will no go up any further, hope is in some sensate economical intervention, hope is... in cypto decentralization Fomo anarchic mind set.
Ok... We are all screwed. No way, only matter of time.
ONE LAST THING...
Can you figure the "Black Swan" when will enter in the play field? Who or what will be the Jolly Joker for a complete decline?
Share your vision.
-----------------
This is not Financial advice. Only my idea. Feel free to share, comment or add missing information.
And why not? Will you consider to donate something for some other post like this? Just contact me.
Bitcoin Continues to RangeBitcoin is ranging between $43.8K and $47.4K, the latter being a new technical level of resistance. We do appear to see some drift toward this upper bound, but no serious momentum. Thus it is likely we are to see further resistance here. Note that as the ranging continues, the probability of a breakout increases. We will see if Bitcoin has the strength to attempt to recover higher levels, or if it will prefer to its current range. We definitely appear to have established value in the $40K's, and at worst, the lower $40K's should continue to provide support. The next target on the upside is $48.2K then $49.7K.
NWF Olympic diver @ 15 SEP 2021NWF
- First time doing a written analysis on NWF
- Overall price action before mid-June isn’t attractive -> can signal to a lack of interest in the stock
- Low average volume -> Below 300k
- Low volatility uptrend with almost no pullbacks -> calm waters doesn’t mean there aren’t any crocodiles in them
Pros
- Since 2021, stock respects the moving averages
- Quiet uptrend -> usually signals a short-term uptrend
Cons
- I’m not comfortable with penny stocks (less than 50 cents in my book)
- Low daily average volume -> Price can move up/down suddenly if there is a huge purchase/selloff
Summary
- Yesterday’s retracement got me excited to see whether a successful rebound will happen
- Today’s gap down and crash below the two previously respected moving average supports is too drastic. Almost as if the supports didn’t exist
- In hindsight, the quiet uptrend looks like investors getting excited about the corporate action
- Strategy-to-buy (DYOR) – Suggest waiting for a series of Higher Highs (HHs) and Higher Lows (HLs)
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Text me if you have any questions for me.
Bitcoin Tests SupportBitcoin is testing support at the lower bound of its range between $43.8K and $46.2K. We should see some support here, but the Kovach OBV is tapering downwards, which could suggest a bear divergence. Current levels are a good place to consider a long position, as we have good support here, and the risk management is tight. If we do break $43.8, we will likely test lower levels in the $40K handle. The level to break remains $46.2K but after that we should be able to break through the vacuum zone to $48.2K
ADA Smart Contracts Scalability IssueHi Guys,
ADA / USDT
The launch of smart contracts on ADA's public TESTNET has shone a light on old protocol design challenges.
Key Takeaways
ADA's EUTXO-based protocol design has proven challenging for decentralized application developers.
Minswap, the first decentralized exchange to launch on Cardano testnet, faced immediate scaling issues last week.
While several projects claim to have solved the concurrency issue, none have publicly revealed their solutions.
ADA, the third-largest cryptocurrency with a market cap of over $82.8 billion, has become the subject of criticism as its
ecosystem infrastructure does not allow for the most basic decentralized applications to function without facing immediate scaling issues.
ADA is facing a major scalability hurdle.
Input Output, the development company behind Cardano (ADA), announced the launch of the Plutus smart contract functionality on testnet last Thursday. Since the update went live, Minswap, the first decentralized exchange to launch on testnet, has run into severe scaling issues, raising concerns about Cardano’s capability to run smart contracts.
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TRADE SAFE.
ASXUSDT Revenue Jumped Another 85% In AugustHi Guys, We will be talking about a very bullish asset,
ASX / USDT
Axie Infinity continues its parabolic run.
The Ethereum-based NFT game’s revenue increased by over 85% from July to August. The game generated more fees than all other crypto protocols aside from Ethereum.
In August, the game took $364 million in protocol revenue, up from $196 million in July, according to data from AxieWorld. This amounts to a growth of about 85.7% month-on-month.
In early August, the team reported it had hit over 1 million active users of the game across the world. As the game has attracted more users, in-demand Axies and plots of virtual land have also changed hands for up to seven figures.
Key Takeaways:
Axie Infinity's revenue jumped by 85% from July to August. The game takes revenue from selling NFTs.
The game registered $364 million in protocol revenue, up from $196 million in July.
The latest growth stats show Axie has maintained its lead in blockchain gaming space.
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TRADE SAFE.