Yes, a buying opportunity that's for sure. Bitcoin down 7% for the day and 10% for the week, if that's not a bargain then I don't know what is. Shiney had already purchased another 1/100 bitcoin with the money that was raised for his retirement. Word on the street is that one of the whales (Elon Musk) is selling, once the CBDC is ready to be rolled out worldwide all the whales will be told to dump and the price will crash to next to nothing, so all the plebs will be wiped out and forced onto the new system.
Below is what Bob Loukas had to say on X. New #bitcoin highs makes this Week 19 high (previously Week 4) for 26 week Cycle. Right Translated. Strange looking cycle, but can't argue with it. Puts sub $25k retracement in very unlikely camp now. All bets off now. It's acting like more than handful know the ETF results.
I remember he said the cycle could be right translated. Ben Cowen was saying prices could move down in the second half of 2023. Will have to wait and see
Also anticipation of the next halving event expected around April 2024. Doesn't hurt that Larry Fink (Blackrock) has been talking it up and mainstream investment advisors (Morgan Stanley, Jefferies) are starting to recommend it. https://www.morganstanley.com/artic...icle&et_mid=518120&et_mkid=&sfmc_id=175970051 https://www.kitco.com/news/2023-10-...commends-10-allocation-for-pension-funds.html https://www.coindesk.com/markets/20...-bitcoin-and-gold-as-geopolitical-risks-rise/ https://www.crypto-news-flash.com/b...reedom-as-bitcoin-etf-approval-inches-closer/
I think he referred historically that the highs of BTC post halving are 6-12 months after halving. But because everyone is starting to expect it, the highs may occur sooner, resulting in a right translated cycle.
I have the next resitance level at 36,400 to break through and then the next major level, 50% high to low at 42,100. Agree with you that there will need to be a healthy pullback. Where I differ with your chart, I don't see the pullback being as severe wiping out most of 2023 gains. I would expect a 50% retracement from the high once the momentum drops of. At present it is gaining momentum for the next leg up IMHO.
WARNING: EXTREME BULLISHNESS FOLLOWS - DYODD https://www.kitco.com/news/2023-10-...rash-This-is-the-timeline-Stephan-Livera.html
As I understand it, the timeline looks to be: January 10 - SEC ruling on ARK Invest's BTC ETF (the first BTC ETF ruling on their schedule) comes due. March 15 - SEC ruling on Blackrock's BTC ETF comes due. April ?? - BTC halving estimated to happen around this time Next year is looking like it's going to be a wild ride for crypto.
A mish-mash of tid-bits: https://www.coindesk.com/tech/2023/...rd-a-scalable-settlement-layer-goldman-sachs/ Gas fees are the biggest impediment to Ethereum's growth (and a reason that challengers like Solana are finding room to grow). I don't know if this update will completely solve Ethereum's issue, but even partial progress is going to be good for Ethereum. ~~~ Lost in the media noise about Druckenmiller's criticisms of Janet Yellen at the recent conference with Paul Tudor Jones is this bit of Bitcoin related discussion: https://www.kitco.com/news/2023-10-...t-could-rival-gold-Stanley-Drunkenmiller.html ~~~ Bold emphasis is mine: https://www.coindesk.com/markets/2023/11/02/heres-why-bitcoin-will-10x-from-here-michael-saylor/ I wasn't aware of any Bitcoin accounting rules change. Interesting.
Sam Bankman-Fried Faces Maximum Sentence of 115 Years in Prison. He will be sentenced 28th March 2024, just before the BTC Halving. I am expecting he will get at least 20 years Jail time without being able to play "World of Warcraft". He won't be happy about that.
pretty such that’s the ‘least in his mind’ in jail….he’s more likely to be worried in shower cubicle…cause pretty sure there are ppl lost money cause of him.
https://www.kitco.com/news/2023-11-...t-BlackRock-has-filed-for-a-spot-ETH-ETF.html https://twitter.com/SummersThings/status/1722630271013675199
If anyone acted on this when I posted this gem yday they would be up approx 40%. This is going to $20..... Dont say you werent told.......twice
Here is one that I bought into. PYTH is an oracle on the Solana Network that has only been listed for a few days.
I dislike InvestAnswers. He was a huge solana shill back in 2021, which is fine because everything was going up. But then he had Alex Machinskey from Celsius on his platform a few days before they froze withdrawals and was promoting buy the dip all the way down in 2022. No credibility imo.