Willy Woo

Willy Woo

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I do charts, mainly #Bitcoin related but not always.I do charts, mainly #Bitcoin related but not always.I do charts, mainly #Bitcoin related but not always.

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#Bitcoin signals... SHORT TERM: continuation of bullish swing, likely 1 week left in play MEDIUM TERM: we're seeing LOTS of spot BTC being scooped up, exchange inventory accounting for derivatives remains flat, but this could change quickly if we get a short squeeze. Chart pattern is forming a bull flag. Current demand and supply is neutral bearish, but signs of moving into a bullish structure if we get some liquidations. Cautiously optimistic.

Once upon a time, it was riskier to be really young than really old. Though everything seems to be the worst of times, it’s really the best of times when we reflect on the data. This is just one chart of thousands.

#Bitcoin specific signals: SHORT TERM: timing signal -> 1-3 wks of bullish swing MEDIUM TERM: demand/supply bearish since the Apr halving, but some hopium a reversal pattern may have started in the last 4 weeks (still unconfirmed) -> will take more time before ATHs can break MACRO: risk signal printing lower lows -> BTC is not in a bear market, it's just waiting in a re-accumulation pattern Additional notes... TRADFI RISK: bond rates are dropping, can be a bad omen of staving off a potential crash, past examples 2020 COVID crash, 2008 WFC. In past cases this leads to a crash before a long term liquidity fueled (money printer goes brrrrr) rally in all asset classes.

Remember kids, shitcoining can be fun, but if ya all want girlfriends, better to take up reading.

The influx of BTC (Germany, MtGox, DoJ) is slowly being absorbed. Paper BTC bets are declining, a good sign. Overall, in terms of supply, things have moved from bearish towards neutral.

RT @lexfridman: Arrest of Pavel Durov is a disturbing attack on free speech and a threat not just to Telegram but to any online platform.…

The biggest impact on long term world GDP?

France nabs the Pavel for upholding free speech. For the record, the French people have been bearish on their leadership for ~25 years.

Back of the envelope calculation of how much capital needs to go into #Bitcoin in order for it to hit $1m per coin. Answer: $5T or about 1% of global wealth assets. So far only $620b has been invested.

George Orwell was 40 years early in his prediction, we needed the advent of widespread social media before his 1984 vision could be executed. The moment it became technically possible, the power hungry went for it. twitter.com/ClownWorld_/status...

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