Jelle

Jelle

Follow

Long-term crypto and stock investor working towards a simpler lifestyle. My #1 piece of advice: Stick to the plan.

Posts

Interrupting the programme to tell you all that Christ is King and your life would be much better if you all welcomed God into your life. He's waiting for you with open arms. Have a good evening!

$BTC has spent the better part of 9 years inside this rising channel - and recently broke down into the lower quarter again. Looking to buy around the channel lows once more. Currently sits right around the low $50ks.

OKX's new card is a great addition to your wallet, especially if you're trying to take advantage of a quick cashback programme. Buy your groceries for the month with this card, and everything just became 15% cheaper. Check it out (ad)🔽 twitter.com/CryptoJelleNL/stat...

Since everyone keeps asking, if I had to guess, this is roughly what I'd be looking for in the coming months. Low $50ks seems like a reasonable area for a high-timeframe bottom. $BTC

We spend a lot of time analysing where the bottom might form, but for me, it does not serve much of a purpose other than informing where I start DCA-ing. Make no mistake, 99% of people will blow themselves up trying to time the bottom. I don't plan to be one of them.

Dutch Government voting on the proposed 36% unrealised gains tax today. Expected result later today, around 4pm Dutch Time. Safe to say they'll vote in favor, despite everyone and their mom knowing what a disaster of a bill it is. Governed by retards.

Dutch Government cracking down on everyone with more than €5 in assets, introducing a bill that would tax unrealized gains with 36% 🤯 Wanna save for your retirement? Too bad, the government will now take over a third of your yearly growth - every year, starting in 2028.

Analysis on where the bottom could form 'Every cycle bottom in crypto occurs below this level, but price can go a lot deeper before that bottom forms'. The past week confirms that, with $BTC dropping significantly. Current low is down 30% from the first stab below 37 RSI. Again, the data since 2014: Drawdown from the first time RSI crossing 37: Max ≈55% Min ≈17% Current ≈31% One key observation: every following bottom has bottomed out less far below the level of the first RSI 37 crossing. Time before bottom forms: Max ≈200d Min =0d Current 84d Conclusions from that: Drawdown is in the reasonable range based on RSI, but can go deeper still. 55% down from the RSI 37 point would bring BTC to the low $40k region - though the lows have been less deep, so 50% would be an extreme. 40% below would be in line with the last two bottoms at 43.2% and 41.4% - which would bring a bottom around $52k. Time-wise, even a repeat of the 200-days max would mean a bottom in June, long before the 4y Cycle's October bottom predictions. As such - based on the above, it makes sense if price forms a bottom just before summer, around the $52k mark. Wouldn't go off of this alone, but there's decent confluence around that area for me to at least pay close attention to the low $50ks. twitter.com/CryptoJelleNL/stat...

Still watching $SILVER follow the $BTC 2017 blow-off top pattern. Insane how similarly it has unfolded. Slow bleed back to $70 from here would complete the pattern. A multi-trillion-dollar asset moving like early days crypto. FOMO is one hell of a drug.

Loading..