Ve Market Forecast
The rally is SPOT-driven!
Aside from the short squeeze, I suspect Iran learned its lesson when the US froze the stablecoins they were collecting as tolls at the Strait of Hormuz, and has now pivoted to Bitcoin amid the economic isolation the US wants to impose on them. Perhaps its partners, like China, are in on it as well.
The rally is SPOT-driven!
Aside from the short squeeze, I suspect Iran learned its lesson when the US froze the stablecoins they were collecting as tolls at the Strait of Hormuz, and has now pivoted to Bitcoin amid the economic isolation the US wants to impose on them. Perhaps its partners, like China, are in on it as well.
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Just in case you didn’t know.. the consensus is this:
Spot driven = Real money flowing in aka healthy.
In this case, price is being pushed up mainly by people actually buying and holding the real asset in the spot market.
It reflects genuine demand and accumulation.. so buyers are less likely to be forced out by liquidations.
Futures driven = more speculative with leverage.. aka unhealthy!
You know the rest 😃
Spot driven = Real money flowing in aka healthy.
In this case, price is being pushed up mainly by people actually buying and holding the real asset in the spot market.
It reflects genuine demand and accumulation.. so buyers are less likely to be forced out by liquidations.
Futures driven = more speculative with leverage.. aka unhealthy!
You know the rest 😃
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Ve Market Forecast
To those shorting $btc as it holds this 1.618, thank you so much.. We don't know where else we'd get the fuel to move up 😂
I'll be diving into the lower TF in a moment to see what's going on there.
To those shorting $btc as it holds this 1.618, thank you so much.. We don't know where else we'd get the fuel to move up 😂
I'll be diving into the lower TF in a moment to see what's going on there.
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Ve Market Forecast
Something to note on BTC:
It’s always dumped on its yearly open (see the “here” on the chart). In fact, the COVID crash came after that yearly open retest. Now, our yearly open is at 87,871.
Bitcoin has never taken its ATH in a bear market year. So, historically speaking, the chances of Bitcoin surpassing its ATH this year are extremely low. However, this is a changing asset, so we can’t be too certain.
i know the chart looks messy (my apologies) but it's my historical chart.. I can't remove the lines and stuff as it took me a lot of time to set it up.
Something to note on BTC:
It’s always dumped on its yearly open (see the “here” on the chart). In fact, the COVID crash came after that yearly open retest. Now, our yearly open is at 87,871.
Bitcoin has never taken its ATH in a bear market year. So, historically speaking, the chances of Bitcoin surpassing its ATH this year are extremely low. However, this is a changing asset, so we can’t be too certain.
i know the chart looks messy (my apologies) but it's my historical chart.. I can't remove the lines and stuff as it took me a lot of time to set it up.
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Ve Market Forecast
BTC is still above the 1618 and it's holding it as support here on the daily but we will be diving into the lower TFs in a moment.
BTC is still above the 1618 and it's holding it as support here on the daily but we will be diving into the lower TFs in a moment.
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Ve Market Forecast
I see a very interesting correlation between the abolition of slavery and the 2008 GFC.
UK, 1833: the government paid slave owners a huge sum to end slavery.
The enslaved? They got nothing.
US: Congress paid DC slaveholders in 1862. Nationwide, owners were not paid. The freed people?
Same story as the UK. They got nothing.
2008: the government bailed out the institutions at the center of the crash. Regular people who lost homes, jobs, and savings were not made whole.
Same pattern. Rescue the owners of the problem. The people who absorbed the cost get no check.
Interestingly, this is the same system we live in today. If things collapse again, the institutions responsible will be rescued.
Regular people? Yeah. We will get nothing.
However, if the unit of account is Bitcoin, a failing institution does not get to print its way out or demand a rescue in that money.
That is why so many institutions, firms, banks, and governments call Bitcoin a scam. Not because Bitcoin is a scam, but Bitcoin threatens their scam and they would rather we remain their niggas 😆
I see a very interesting correlation between the abolition of slavery and the 2008 GFC.
UK, 1833: the government paid slave owners a huge sum to end slavery.
The enslaved? They got nothing.
US: Congress paid DC slaveholders in 1862. Nationwide, owners were not paid. The freed people?
Same story as the UK. They got nothing.
2008: the government bailed out the institutions at the center of the crash. Regular people who lost homes, jobs, and savings were not made whole.
Same pattern. Rescue the owners of the problem. The people who absorbed the cost get no check.
Interestingly, this is the same system we live in today. If things collapse again, the institutions responsible will be rescued.
Regular people? Yeah. We will get nothing.
However, if the unit of account is Bitcoin, a failing institution does not get to print its way out or demand a rescue in that money.
That is why so many institutions, firms, banks, and governments call Bitcoin a scam. Not because Bitcoin is a scam, but Bitcoin threatens their scam and they would rather we remain their niggas 😆
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Ve Market Forecast
A very similar thing happened just this year!
The Supreme Court struck down Trump’s IEEPA tariffs. The government then had to refund the money it collected.
Who got the refund?
The importers.
The companies that paid Customs.
Who paid higher prices while those tariffs were in force?
Regular people buying the goods.
The importers get their money back. The shoppers do not.
Again, Same system!
Rescue the firms in the middle. The people who absorbed the cost get nothing.. you see what I’m talking about?
A very similar thing happened just this year!
The Supreme Court struck down Trump’s IEEPA tariffs. The government then had to refund the money it collected.
Who got the refund?
The importers.
The companies that paid Customs.
Who paid higher prices while those tariffs were in force?
Regular people buying the goods.
The importers get their money back. The shoppers do not.
Again, Same system!
Rescue the firms in the middle. The people who absorbed the cost get nothing.. you see what I’m talking about?
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