Ok, crypto is not for whimps. This is my take, on what is going to happen week for week, blow for blow, until a spectacular 100K BTCUSD in April - God willing.
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BTC is not an inflation 'hedge' but an inflation 'edge', drop the H. The 'smart money' seems to think the *private* -- not government -- Federal Reserve will raise interest rates next year. These are the same guys that fell for the Bank of England Bailey's 5-year-old's poker face! The last Bitcoin will be mined before the Fed raises interest rates. The only way the US government can get rid of trillions of dollars of debt is to inflate it away. That means you and I are going to be thrown under the bus while these cronies save themselves with more freshly minted dollars. Have you got your piece of 21 million yet?
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Bitcoin is the North Star of finance; and that is why they hate it. Take a look at the chart, BTC is always one(1). By definition BTC=1. It is more freshly baked and hot off the press US dollar that you need more and more of for the same old crusty 1 BTC.
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Bitcoin is an IQ test:
"those who do not advance, go backwards and who goes back goes under."
- Monsieur Darcy
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Mirroring bullish-engulfing-patterns at the lows of our ascending trend channel:
Almost for weeks 12-19 July; yes for weeks 20-27 September, and again almost for weeks 13-20 December 2021, showing same pattern at bottom for those weekly pairs in our upward trending channel.
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The ballsy-engulfing-patterns mentioned above all fall on a Monday!
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Why is BTC -45% from its all time high? - regression to the mean.
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