Chart Of The Day thread

[CowPat]

On 27/08/2023 at 17:40, CowPat said:

BCH looking nice imho. Textbook Wyckoff accumulation, big bounce off the spring event, breakout and perfect back test of the highs from the breakout range. 

And there’s the bounce out of the lows. 
 

 

[HonestMoneyGoldSilver]

This is systematic manipulation:

 Nearly 30K Bitcoin (BTC) Was Transferred to Exchanges Before the Grayscale Induced Rally (coindesk.com)

[Bumble]

[CowPat]

On 30/08/2023 at 16:11, HonestMoneyGoldSilver said:

This is systematic manipulation:

 Nearly 30K Bitcoin (BTC) Was Transferred to Exchanges Before the Grayscale Induced Rally (coindesk.com)

A classic pump and dump if I ever saw one! 

[CowPat]

Interesting correlation between the Dow and silver at the moment. Silver in black 

[CowPat]

BTCUSD on the 15 minute. Classic accumulation structure looks complete with the bottom being in. I'm going out on a limb and saying there is a breakout imminent.   

 

 

[CowPat]

We get to live another day. 

[CowPat]

Ethereum 2018

[Bumble]

Financings are low, which is not bullish for the gold mining sector.

 

 

Edited October 8, 2023 by Bumble

[Bumble]

[Bumble]

Total US public debt divided by the gold price. Even though the debt continues to rise, priced in gold it is less than it was in 2001/02.

[Bumble]

[CowPat]

On 13/09/2023 at 14:53, CowPat said:

BTCUSD on the 15 minute. Classic accumulation structure looks complete with the bottom being in. I'm going out on a limb and saying there is a breakout imminent.   

 

 

Took longer than I thought, but here’s the breakout from the 200+ day range. 

[Bumble]

Smaller is cheaper. The tiny companies are usually cheaper because of the increased risk, lower diversification and higher cost of capital. So it is not surprising that the three at the top are the biggest companies in the space. 

[CowPat]

On 07/10/2023 at 10:16, CowPat said:

We get to live another day. 

DJI powering past it’s August 1st high. Looks like it’s working on its final excess stage. 
 

 

[CowPat]

DJI 2007 high for reference. 

[CowPat]

BTC tapping the 0.5 fib. 

 

 

[Gruff]

On 01/09/2023 at 12:15, Bumble said:

And this is why they are desperate to reduce energy consumption, so it lowers life expectancy along with a host of other things. Lower quality of life, and longevity will ultimately in their eyes lead to less people on the planet

[CowPat]

On 01/12/2023 at 09:52, CowPat said:

DJI powering past it’s August 1st high. Looks like it’s working on its final excess stage. 
 

 

And sets a new all time high! The DJI is now just 5.6% away from its 4.236 fib extension. One to watch 

 

 

Edited December 13, 2023 by CowPat

[Bumble]

[Bumble]

[CowPat]

BTCUSD on ETF launch day probably looks a little different to how many retail investors thought it would look. Stops out at the 0.618 Fib level. 

Turns out BlackRock didn't need to run to exchanges to buy BTC on the day 🤣 🤣 🤣 🤣 🤣 

[HonestMoneyGoldSilver]

1 hour ago, CowPat said:

BTCUSD on ETF launch day probably looks a little different to how many retail investors thought it would look. Stops out at the 0.618 Fib level. 

Turns out BlackRock didn't need to run to exchanges to buy BTC on the day 🤣 🤣 🤣 🤣 🤣 

This was predicted by some including several BTC whales and influencers like Max Keiser. A number of them aren't happy about the BTC ETF thing at all:

Max Keiser Slams Bitcoin ETFs as "Bait and Switch" - DailyCoin

Others pointed out the GBTC discount to NAV, which is still fractionally negative (-1.57%) and has been very negative throughout 2023 (minus 20-40%)

GBTC Discount or Premium to NAV (ycharts.com)

These two things make sense to me:

1) If you love BTC and have faith in BTC then you should own and hold it in your personal possession, not via ETFs (same as gold/silver). The Max Keiser "Bait and Switch" accusation describes how investors will only be dealing in fiat while the fund operators will have custody over the "assets". Sounds a bit like, "own nothing and be happy"

2) If the BTC ETF was going to take off then the GBTC discount to NAV shouldn't be a thing - we should be seeing premiums to NAV like in the earlier days

As with much of the crypto industry, the BTC ETF was a psy-op and is a sophisticated and deliberate deception

[CowPat]

26 minutes ago, HonestMoneyGoldSilver said:

As with much of the crypto industry, the BTC ETF was a psy-op and is a sophisticated and deliberate deception

Agreed. It's banks dumping their BTC on retail investors, a classic bit of distribution. And perfectly timed as the crowd is euphoric at the 0.618 Fib. 

Edited January 12 by CowPat

[Bumble]