
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.✍ It includes a 30-minute voiceover that I recorded.🎙 The Biggest Liquidation Ever: What it Has Historically Meant - Confluences to the Past, What the Bulls Need, and Bitcoin Dominance Conflict https://t.co/fSyh5FQZ2Y
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Bitcoin, Altcoins and XRP Range Lows Give Bounce, Big Picture Overhang with Medium Term Picture https://t.co/C7F588Hw8C
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MODERATOR: Are you willing to commit to NOT raise the sales tax? MIKIE SHERRILL: I'm not going to commit to anything right now. On Nov. 4, vote NO on Mikie Sherrill. ❌
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For the bigger timeframe context: "signals of what happens before each liquidation" The biggest liquidation in history then occurred on October 10th, and the indicators have gained momentum to the downside.
The more interesting timeframe resides within the 5-day candles for the Altcoin Market. The next few days are much more of a fingernail biter. Signals of the trap from January/February of 2024, and signals of what happens before each liquidation. Eyes on the RTY as Q3 closes.
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As Bitcoin falls and touches $103.5k, the weekly bearish divergence indicators still continue to roll over.
On the weekly timeframe, Bitcoin has created Bearish Divergences on the Relative Strength Index and MACD. Also, the MACD has already crossed with the divergence. The Stoch RSI has already fallen. This was a warning sign of the top for Bitcoin in 2021.
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Going to impulsively splurge and surprise my wife with Hamburger Helper for date night tonight.
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Like with BTC a couple of weeks ago, we saw aggressive selling as it reached a support. Then it was followed with strong buying. There isn't the evidence of strong buying yet, but as things like XRP reach areas of interest, we see the same capitulative selling volume. We'll see.
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Should be noted that "reversal" implies still being in a ranging content. A "range reversal." Not implied as a "bull market reversal."
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The range has come all the way back down again. Prices are becoming more interesting to see if we are reaching the downside range extreme. No reversal signs yet. But, reaching areas of interest to look for signs to emerge.
Just closed all these and took profit on them in this rise. Will wait if I want to make additional range plays.
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TYING IT ALL TOGETHER, Bitcoin, Altcoin Market, XRP, Silver and Stocks as Signals Flash Everywhere https://t.co/LD7j93Zm31
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Releasing newsletter 2-days early again. Will be out in an hour or so.
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Aftermath of the Crash, Bitcoin, Altcoin Market & XRP, Biggest Liquidation in History, Looking Ahead https://t.co/Q7AWCCitKf
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Far too many people who subscribe to my YouTube channel cannot watch my videos every day. But they can read my tweets every day. I received a lot of amazing DM’s and comments. Message received.
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I say this as I'm sure there those want my take on what just happened. However, I'm out of the dog house right now. Taking a breather. But, that was the move I was fearing. It's likely just to range here for weeks, and we'll have time to discuss.
Last week, "Bear Week," was a very rough week for me on X. It was a major turnoff for wanting to post on this platform. I'm in limbo on how I plan to use this platform moving forward. I will continue to share on YouTube and Newsletter, but still deciding how I want to handle X.
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I'm not perfect. I can be wrong. But I'll step in front of the train for what I believe.
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Last week, "Bear Week," was a very rough week for me on X. It was a major turnoff for wanting to post on this platform. I'm in limbo on how I plan to use this platform moving forward. I will continue to share on YouTube and Newsletter, but still deciding how I want to handle X.
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Biggest liquidation in history. Will likely be modified higher in coming days.
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I bought some dips. Kinda chaotic. Usually these revisit the lows again in time, but we’ll review in time. That likely was the worst of it. Now it should settle for a while.
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