Bitcoin Mania
Monthly RSI
Cup n Handle move to 130k , Armstrong writes of Europeans using the bit to get money out of the country just as the Chinaman had done before… are the banks over there putting restrictions on overseas transmittals ???
Monthly RSI
Cup n Handle move to 130k , Armstrong writes of Europeans using the bit to get money out of the country just as the Chinaman had done before… are the banks over there putting restrictions on overseas transmittals ???
I had BITX and ETHU, 2X ETF’s for Bitcoin and ethererum. I sold BITX too soon and sold ETHU today as $ETHUSD was no longer rising with Bitcoin. Bitcoin will probably hit hit $100K or a little short of that.
I see so many gov’ts buying into it , are they just showing the masses that digital is great and setting us up for the CBDC crap …..but then this guy comes along
President-elect Donald Trump’s plan to establish a “Crypto Advisory Council” is making waves in the financial world. According to a recent report from Reuters, this council will oversee crypto policy, collaborate with Congress on legislation, and work towards creating a Strategic Bitcoin Reserve, an idea Trump championed during his campaign.
https://www.fxstreet.com/cryptocurrencies/news/trump-plans-bitcoin-reserve-pro-crypto-council-202411220954
Nice chart!
What are your RSI settings here? I assume 14mo for price.
But what’s your MA signal line?
past euphorias have taken it to 100 so shall pay attention to weekly for clues down the road , even copper got to 94 in 2007. gold stocks disappointing severely ….us old timers going off into the clouds and less players getting sucked in so yes the volume is down for that reason in my opinion,
Thx but I mean, what is the chart setting to get the blue line?
RSI 14 for price.
RSI ?? for signal line.
Do you set it, or its TV’s default setting and hidden?
Clarification MA(RSI 14) for signal line … how many periods for the MA or EMA?
it would be added on as 14 ema, I use the ema for weekly frames.
Had my annual meeting with the Bank to go over products I use yesterday. Not many.
He’s Filipino but been here most of his life. Knows all about Gold. Japan depositing their ill-gotten Gold during WW2 in the Philippines. It captured the imagination of the population.
He was offering a pre-approved loan if I wanted one. I declined. I have a HELOC for investment that I use. So I asked if people were taking up the bank’s offer. Yes, the 30 somethings are using theirs to buy BTC. He’s noticed an increase in the past two months. He asks what they would use it for. In the past it was for a car of some other depreciating asset. Now it’s BTC!
Is this a positive or negative for BTC and is this typically where a lot of capital is coming from. Loans?
Just asking.
Lots of capital flows from loans, especially as recently as two or three years ago when money was priced near zero. Smart investors borrow to buy appreciating assets or at least something generating cash flow like real estate.Those who bought a vehicle may have used it for a business or rideshare. Instead of investing, with bitcoin they are speculating. Those who have been in have done well, up to now. What happens when the music stops?