Blockchain Backer
@BCBacker
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https://t.co/r5bZLaFwVL | YouTube | Chart Educating | XRP Enthusiast | 10 Years Sober | God Saves | You Can Accomplish Anything You Set Your Mind To | Not Financial Advice
USA
Joined November 2019
I published a premium subscription write-up.✍ Includes a 52-minute voiceover I recorded.🎙 A Spark Ignites: Inferno or Fizzle - Fed Pivot Gets Markets Excited, RTY Teases Hope, Metals Pricing Something In, Contradictions Evident by Crypto Indecision https://t.co/a8kLrPXL5z
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Another week and another $5 added to silver spot price. Closes the week at $67+. Big question still remains... what is silver telling us? I suspect we'll know in hindsight.
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Always curious and full of energy, Beagles turn every walk into an adventure 🐾🎉.
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Happy last day with the kids at school for next 17-days. Good luck. 🫡
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Released the video right as YouTube is having technical issues lol.
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Stability Remains for Bitcoin, XRP and Ethereum as Remainder of Altcoin Market Struggles to Hold https://t.co/UlC6kUGyOP
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The most “magical unicorn fairy dust” thing this market could do would be to rally till Dec 29-30. Would be consistent with past market behavior.
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You can see how the further out the risk curve you go, the worse the performance. BTC -> TOTAL2 -> TOTAL3 -> OTHERS Starting point on November 21st:
Bitcoin still continues to hold that stability on top of the 100-week moving average as cycles past. No real developments happening there as of yet. Complications arise as various altcoins take out year+ lows, or November lows... yet, Ethereum continues to hold them. Very Mixed.
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Bitcoin still continues to hold that stability on top of the 100-week moving average as cycles past. No real developments happening there as of yet. Complications arise as various altcoins take out year+ lows, or November lows... yet, Ethereum continues to hold them. Very Mixed.
For a reference point of where Bitcoin is compared to past behavior, it has reached the 100-week moving average. BTC has only come back to the 100-week moving average during bear markets. In 2014, 2018 & 2022, the 100-week moving average provided a period of temporary stability.
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"What comes next? What comes next?" It's really not that easy. Even in a goblin town situation like Cardano did in 2021, it was tons of chop before things ever even got moving. Chop is common.
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Sub $1.82. ABC ❌
XRP has moved right on pace with past bear markets. Seems like a place to look for a bounce, whether it's a C-leg or more, but for $1.82 to hold. If it holds, can we see some magic? Or just a C-leg? We'll see.
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Bitcoin still sits on the struggle bus unable to clear that $95k. Still unknown if it'll have the juice to get back to the 50-week ($100k-$102k) or the 200-day ($107k-$108k). $95k still remains the problem child. Taking out Nov. 21 ($80.5k) probably get's things moving faster.
For a reference point of where Bitcoin is compared to past behavior, it has reached the 100-week moving average. BTC has only come back to the 100-week moving average during bear markets. In 2014, 2018 & 2022, the 100-week moving average provided a period of temporary stability.
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XRP has moved right on pace with past bear markets. Seems like a place to look for a bounce, whether it's a C-leg or more, but for $1.82 to hold. If it holds, can we see some magic? Or just a C-leg? We'll see.
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HBAR poking below year long support level.
Last chart of the day then signing off. To poke at the Q4 discussion and just present the reality of the last cycle. This is HBAR, and highlighted is Q4 2021. By the time Q4 was over, everyone was left wondering "What alt season?" Food for thought.
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