Monitoring the Crypto Bubble

Where do you think we are in the crypto bubble?

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Trump’s coin sale misses early targets as crypto project’s website crashes
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In a roadmap given to prospective investors that was first viewed by The Block, the WLF proposal says the coin is looking to raise $300 million at a $1.5 billion valuation in its initial sale.
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The digital coin WLFI will be a Regulation D token offering, following a provision that makes it possible to raise capital without first registering a security with the SEC. Certain conditions must be met, such as limiting the size of the sale and restricting it to accredited investors, defined in part as having a net worth of over $1 million.

While few details have been announced about the project’s aspirations, people involved with WLF have said customers will be encouraged to borrow, lend and invest in crypto. No official white paper or formal business plan has been released to the public, and about all that’s been disclosed is that investing in the project will give users voting rights over the yet-to-be-launched WLF platform.
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https://www.cnbc.com/2024/10/15/trumps-coin-sale-misses-early-targets-as-crypto-website-crashes.html

:rolleyes:
 
Trump and sons dumb and short sighted, trying to make millions on shitcoins when you can make billions on bitcoin and keep reputation intact. WLFI is just a very expensive way to learn about BTC, shitcoiners always gonna shitcoin. Very suprised he wasn't very strongly advised against this/any project.
 
Time to revisit the chart I reckon.

Price has been trending at/above the 200 DMA for 3 out of 4 weeks and we're testing what many now believe to be a 7 month consolidation phase as opposed to a shorter term capitulation phase that we were giving thought to a little while ago. I'm expecting a bit of volatility in the short term leading up to the US election, not expecting any break out above ATHs though but we could see a 10% correction say between now and then.

If Harris wins there's likely to be a sustained dip in the short term term, if Trump wins that's unlikely to happen. Long term I don't think it matters who wins the White House and I'm still expecting to see a high well above current price action sometime later in 2025 though I have no idea how high it will get, I'd say at least 50% higher than it's current price level.

The outlook for risk assets in 2025 is rosy though some market commentators are cognisant of the possible reappearance of inflationary pressure toward the latter half of the year so it's best to keep that in the back of our minds for those that do dabble in those asset classes.

BTCUSD_2024-10-19_07-30-12.png
 
Momentum is picking up again, this guy is way more bullish with his price predictions than I am but the 3 technical indicators he discusses are looking positive.

Ok, can't share Vimeo :confused:

Here's the link:
 
Ok, doesn't want to work at all :(

Screenshot of what he's talking about, when the 3 indicators in the past have lined up as they're doing at the moment he says that the price increases have been in the +65% range, soo he's predicting USD115000 by year's end.

Screenshot 2024-10-19 at 7.51.17 am.png

Edit to add: USD115K? About as much chance I reckon as I have of getting it on with Isla Fisher.
 
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precious roar said:
My guess: Next 2 months, steadily up.
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I don't think anyone is really surprised that the price of BTC is range bound leading into the US election, the question is what happens after that and as election results generally don't alter the direction of financial markets to any great extent this suggests that the next leg is going to resume an upward trajectory in line with historical price action and future macroeconomic conditions.

BTCUSD_2024-10-26_07-34-41.png
 
I've read a number of commentaries saying that the price action appears to have broken out of what resembles a "descending broadening wedge" which apparently is considered bullish. That's nice. :)

BTCUSD_2024-10-30_10-16-38.png
 
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Here's that broadening descending wedge mentioned earlier by some pundits on the daily, the top trend line on this chart is at about the 69200 mark today then it falls slowly lower after that so it's got to hold above that line to confirm the breakout I'd say if that's the way these patterns work out.

BTCUSD_2024-11-01_08-41-02.png
 
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