Bitcoin Simply this - PA reacts before Apex is met image
Around the time of the announcement from the electoral collage in the USa. about who they have decided will be President, Watch GOLD If that Begins to rise sharply, expect War in the Middle East with in Weeks , maybe 2 months Max. That result is what the "Middle East", Russia and China have been waiting for , before reacting to the actions of The 51st state, The Middle Eastern state of Israel Will be VERY interesting to see how Bitcoin reacts also.... Very interesting days ahead
Expect a reaction from Bitcoin in the next 24 hours MAX with a longer term reaction with in 36 hours.
Bitcoin Weekly Got rejected heavily off that top trend line again and found support on the next one down. We do not really want to drop below that Candle closes tomorrow Whats next > image
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OK, Silly question but where it LOG OUT ? "Why do you want to log out?" because, at times, it is a good idea................
Nice and Simple Bitcoin chart showing we are TOP of Range. It is decision time for PA This upper trendline of STRONG. See how it was Support and resistance int he past PA sitting on support just below...Ideally, we take a berather , cool off and build up strength and then punch through We need to break over 76K and then hold that Possibly volatile couple of months ahead. image
So, Now the October Candle has closed, I can show you some more interesting things about what has just happened. But First, OCTOBER IS THE FIRST MONTH INTO DOUBLE FIGURES AS A GREEN CANDLE CLOSE SINCE 2011 So -> As mentioned, We have only ever seen a RED August followed by a GREEN Sep and October on 3 previous occasions. 2015 & 2016 and then again in 2023 and just now , in 2024 makes the 4th. To me, this backs up the idea that PA is following the 2013 - 2017 Fractal. But there is more to this now the candle has closed yesterday. 2015 August -30% Sep +18% Oct +41% =29% total gain 2016 August -26% Sep +14% Oct +24% = 12% total Gain And so now we move over to what is happening in this cycle 2023 August -16% Sep +14% Oct +37% = 35% total gain 2024 August -23% Sep +30% Oct +30% = 37% total gain The numbers are not exactly the same and, infact, the 2024 figures blow the others out the water from September......but there is a trend there to be seen until Sep 2024 comes in. Maybe wishful thinking and how the next 3 Monthly candles Close will confirm or deny this idea. But it has to be said, the PA has followed the Fractal from Nov 2021 to now pretty accurately..as can be seen on many previous Posts IF we are doing this 2013 - 2017 Fractal, we have a clear Run to a New ATH by end of 2025 or just after, with intermittent RED months while PA catches its breath, like in Jan 2017 It should be Noted that a GREEN October Close does NOT always lead to a Green November.. So we need to continue to watch carefully. image
Bitcoin / Gold Daily PA is still in the descending channel and just got rejected off the top ttrendline. with all the unsettled financial and Macro events, the traditional safe haven is winning this battle but only just the next 2 months will be very interesting but for now, It is a close call between Bitcoin and Gold on a Macro scale image
Bitcoin 4 hour PA holding Ground and hopefully, this will go no lower now. MACD on Neutral and RSI oversold and turning up. If support Fails, we REALLY do not want to see below 66500 as that would create a lower Low. But, on a longer Term scale, we are OK and I will post the Monthly chart soon... Very interesting data in that that points towards a very happy Future image