BTCs (Ordinals) Kurs BTCS

I took the AVAX trade and took a stop. Currenting watching BTCs 23H x6 for long scalps

Theory: 1. Between 2009-2020 the elite in the USA hoped Bitcoin wouldn’t catch on 2. But in the 2020 cycle they understood that it won’t die, and therefore they had to find a strategy to stack as much as possible on low prices 3. They chose to do a controlled demolition of The Dollar by printing it while stacking bitcoin in silence 4. They also implemented Futures ETFs to manipulate the price 5. They didn’t want to go all in at once because that would instantly kill the fiat system and make plebs insanely rich 6. They want to create FUD, print money and shake out as many plebs as possible on the way 7. China is now seeing the same as USA, and has implemented In-Kind BTC ETFs in Hong Kong 8. Also large companies, banks and hedge funds in the USA have started buying BTC 9. Rumors are that several countries are now front running USA and have stacked more than 100k BTCs 10. We are close to the suddenly moment for Bitcoin where China, Russia, Saudi and USA print their own fiat to shreds to drive the price to infinite fiat and destroys the Fiat system

How hyperbitcoinization will play out: 1. Rich people will lose trust in The Fed, bonds, real estate, gold and USD 2. They’ll find out what Bitcoin is and get FOMO 3. They’ll buy the remaining 2M BTCs on exchanges. Normies will also sell their coins for high prices to them thinking they can buy back cheaper later 4. Central Banks will print fiat to buy it which will create hyperinflation 5. After USD gets hyperinflation debt will be worthless, many businesses will go broke. The world will clean out everything that is not profitable. We’ll start from clean sheets with Satoshis as the new currency These steps can last for months or up to 10 years. Don’t sell your coins to them!

Altseason is about to start, and here is why: 👀💹 A month ago I publically called the bottom for Altcoins. Looking at the updated charts, it looks like I was right. But could this be just another relief rally that ultimately fails? Lets try to answer this question now 👇 1⃣ OTHERS daily chart: My idea on the Others chart (Alts outside top 10) has played out beautifully so far. We got the deviation below key support, retested the trendline a few more times before ultimately breaking it now. There were 10 failed attempts to break out, and now we finally got what we waited for. Now there is so much free real estate above and we can easily run it back up to march highs and further for our last leg of the bullrun. This doesn't mean it wil be up only on a straight line tho of course. I think another shakeout & a retest of the trendline is very likely before we can really take off. 2⃣ TOTAL3/BTC weekly chart: Also on this chart we got what I talked about a month ago, the big breakout. Remember that this is the weekly timeframe so we have been forming this bullish falling wedge pattern along with the huge bullish divergence on the RSI for basically the entire cycle. Due to BTCs strong performance we are also one step ahead of the Others chart so to say because we are already reteting the trendline right now. This should obviously hold and flip the trendline from resistance to support, otherwise it wouldn't look that great anymore. I have no reason to think it won't hold tho. 3⃣ BTC.D/OTHERS.D weekly chart: This is a chart im personally somewhat proud of as I haven't seen it before I posted it the first time. We can basically see that the last cycle and this cycle have played out in a very similar manner so far when it comes to who is dominating the market. I have no reason to expect that this would change now all of the sudden. I was suspecting that we had just formed the final right shoulder of this H&S pattern a month ago and that seems to be true. I expect further downgrind on this chart (bullish for Alts) until we break the trendline and enter euphoria stage for Alts. 4⃣ OTHERS.D weekly chart: This chart illustrates what the previous chart does in a simpler fashion. We can again see the same pattern last cycle and this cycle. First we get this "testpump" followed by a very sharp retrace that ends on the overall uptrend trendline before we get the real Altseason of the cycle. So naturally I called the bottom when we hit this trenline (and the other charts mentioned agreed). So now in the future we can see that this trendline has held strong and I expect it to hold and the Altcoin dominance to rise from here on. Even the RSI perfectly tapped the oversold region on both occations. ↪️ Summary: So lets make a TLDR: 🔹bottom is in for Alts 🔹last leg of bullrun start now 🔹Alts dominance to rise from here 🔹final shakeouts still very possible (49k max downside) I have no reason to believe that we are not entering the final stage of the bullmarket now. If we get this last big retrace, most will lose their mind and give up on their positions. Some will hold steady and get away from the charts to distract themselfs. But almost no one will buy. But exactly this "last shakeout" (if it should happen) will be the single highest R/R buying opportunity. So if you have anyting left, I suggest you to place your bets right there. Higher 🙌 -------------------------------------------------------------- Some other TA guys that have been pretty spot on lately that I suggest you follow: @Osemka8 | @phoenix_cr47 | | @ChifoiCristian | @MaxBecauseBTC | @i_am_jackis | @CryptoDona7 | @IamZeroIka | @themarcojo | @seth_fin | @HarisEbrat | @TomNifty | @rickus_trades | @CryptArchitect_ | @ParabolicPump | @MalepoCrypto | @CryptoElPres | @LongtermR -------------------------------------------------------------- Thanks for reading frens 🩶 All engagement much appreciated as always. mikro out ✌️

$BTCS Mt Gox Risks To Bitcoin Crash Plunges 75%: Arkham Bitcoin crash risk due to Mt Gox repayment has dropped nearly 75% after it distributed 109K BTC worth $6.6 billion, per Arkham Intelligence Mt Gox wallets now have less than 25% BTC. Bitcoin crash risks due to Mt Gox repayment now dropped to nearly 75%. Multiple factors suggest upcoming BTC price rally. Bitcoin crash risks due to Mt Gox repayment have now dropped to almost 75%, on-chain analytics platform Arkham Intelligence stated on Saturday. Institutional and retail investors offloaded Bitcoin holdings on fears of a huge market crash as Mt Gox Trustee started BTC repayment in July this year.