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According to this cycle $BTC tops this week, begins to drop next week. 🧐
This chart has two main things one a macro rising channel divided in green and red, and a fibonacci based time cycle.
The #bitcoin enters parabolic rise every time it moves into the green channel zone, in the red zone it moves a bit more sluggish. So far this whole cycle since 2022 $BTC has not been able to move into the green zone -- that's different. Also it's never broken under the red zone since it entered it in 2013.
Same pattern, two different resolutions.
First range was distribution and produced a big markdown. Second can be read as re-accumulation, but it still needed a shakeout that made a lower low before resolving higher.
Current one is still open. These ranges have required selling pressure before they resolved.
$NDQ $QQQ $NQ
Avraham Elias 啊北 retweeted
The simplest is under that 81.8k level bias is bearish, just as much as above it it's bullish.
I don't think things will move much before the election, unless a black swan happens geopolitically or something like that.
The February open at 78648.00 has been a key support all year, if it stays above that it will likely flip back above the 81.8 level
81.8k usd is the bull level to regain I've been watching since the summer. You can see in the chart how it's bullish above and bearish under it in macro for the $BTC
The level was lost over the weekend, after crossing above it a month ago.
Also, you can see the cloud support (the shaded green area) right at the price cluster. Today it’s also fighting that. I don’t like it when $BTC trades under it.
But at least it’s still green — it hasn’t turned over into red and become resistance.
81.8k usd is the bull level to regain I've been watching since the summer. You can see in the chart how it's bullish above and bearish under it in macro for the $BTC
The level was lost over the weekend, after crossing above it a month ago.
Finally after 8 attempts at support and holding, the last two 4h candles including the one that just closed have broken under the $80.7k "bull-market-above here" level.
Under that level I'm not bullish. If tomorrow price is back above that level, then I'll go back to being bullish on $BTC
Anyway, so nothing has happened for the $BTC in a while. That MA at $80.780, is the "bull market above here" area that I have been referencing since the summer and shared here, so above that the bias remains bullish.
You can see the previous post: xitter.cf/ave_eli/status/2085038…
@grok explain what I'm looking at based on this post and the one from Aug. 5th and tells us if based on that the bias should be bullish or bearish.
Remeber that one time I told everyone to buy $SPCX at $111 👀
$SPCX - JPMORGAN DOUBLES SPACEX PRICE TARGET TO $500
JPMorgan raised its SpaceX price target from $240 to $500, maintaining an Overweight rating.
The bank now forecasts $254 billion in 2027 revenue and 10 GW of computing capacity by year-end, more than doubling its 2027–2028 estimates.
JPMorgan also sees strategic merit in a potential SpaceX–Tesla merger, though no deal is guaranteed.
"You get nothing" nah, bruh.
We get the absolute pleasure of wrecking your mess of a presidential agenda - - not that you need help @realDonaldTrump - - we also get a chance to accelerate, and that's priceless.
Whatever happen with this guy?
Yall think he learned anything.
The reason top tech companies often hire foreign-born & first-generation engineers over “native” Americans isn’t because of an innate American IQ deficit (a lazy & wrong explanation). A key part of it comes down to the c-word: culture. Tough questions demand tough answers & if we’re really serious about fixing the problem, we have to confront the TRUTH:
Our American culture has venerated mediocrity over excellence for way too long (at least since the 90s and likely longer). That doesn’t start in college, it starts YOUNG.
A culture that celebrates the prom queen over the math olympiad champ, or the jock over the valedictorian, will not produce the best engineers.
A culture that venerates Cory from “Boy Meets World,” or Zach & Slater over Screech in “Saved by the Bell,” or ‘Stefan’ over Steve Urkel in “Family Matters,” will not produce the best engineers.
(Fact: I know *multiple* sets of immigrant parents in the 90s who actively limited how much their kids could watch those TV shows precisely because they promoted mediocrity…and their kids went on to become wildly successful STEM graduates).
More movies like Whiplash, fewer reruns of “Friends.” More math tutoring, fewer sleepovers. More weekend science competitions, fewer Saturday morning cartoons. More books, less TV. More creating, less “chillin.” More extracurriculars, less “hanging out at the mall.”
Most normal American parents look skeptically at “those kinds of parents.” More normal American kids view such “those kinds of kids” with scorn. If you grow up aspiring to normalcy, normalcy is what you will achieve.
Now close your eyes & visualize which families you knew in the 90s (or even now) who raise their kids according to one model versus the other. Be brutally honest.
“Normalcy” doesn’t cut it in a hyper-competitive global market for technical talent. And if we pretend like it does, we’ll have our asses handed to us by China.
This can be our Sputnik moment. We’ve awaken from slumber before & we can do it again. Trump’s election hopefully marks the beginning of a new golden era in America, but only if our culture fully wakes up. A culture that once again prioritizes achievement over normalcy; excellence over mediocrity; nerdiness over conformity; hard work over laziness.
That’s the work we have cut out for us, rather than wallowing in victimhood & just wishing (or legislating) alternative hiring practices into existence. I’m confident we can do it. 🇺🇸 🇺🇸
