Risk it for the Biscuit | Crypto Analyst/Trader/Shitposter
Joined July 2020
- Tweets1.8K
- Following137
- Followers1.2K
- Likes1.4K
Pinned Tweet
1/18: My story of how I turned $1k into $500k in the last bull run at just 23 years old.
🧵
$BTC has reached the top of its 8 week long descending channel
I don't think we will break out yet but if we get a Swing fail here things can start looking bullish again
$BTC is heading towards the top of the descending channel
One of 3 things can happen here where 1 scenario is bearish and 2 are bullish:
- We get a LH followed by another LL meaning price action is still bearish
- We get a LH followed by a swing fail, which will be bullish if we get a HH after that
- We get a HH from here which will be bullish if followed by a HL
$BTC
In a clear downtrend
Will look for a swing fail and HH to confirm that markets want to reverse
Good support around the $72K mark. Lets see how price reacts to that level
What if Bitcoin pumping earlier than expected before the halving was a sign that the bull market was going to end early?
Some hopium for BTC...
This annoying CME gap from Nov in $BTC has finally closed
Reasons for BTC to keep going down is a bit lower now
Trump's tariff plans, no signs of rate cuts in the near future and no QE expectations yet. Markets will likely dump and chop for a while until June probably
My bottom expectations for June
BTC : $72K
ETH : $1.7K
SOL : $81
Cryptohike retweeted
Trump told Jerome Powell to cut interest rates.
Powell didn't do it.
Now Trump is trying to force Powell to cut interest rates by crashing asset prices.
We will see who blinks first.
Relation between Fed's Monetary policy and BTC/Altcoin Season
- Quantitative Tightening = BTC Season
- Quantitative Easing = Altcoin Season
