U.S. M2 money supply is pushing into new all-time highs... will $BTC follow? Take a look at this CoinGlass chart carefully. The U.S. money supply keeps expanding while $BTC hasn't shown the same strength lately. Historically, $BTC has benefited from expanding liquidity, but here's what most people misunderstand: More money in the system doesn't mean Bitcoin must pump tomorrow. Liquidity takes time to flow through the economy and eventually into risk assets. Sometimes $BTC runs ahead of it, sometimes it lags behind. Yes, my bias is seeing $BTC bottom soon (Nov-Dec), & pump into 106K, but that's macro, not short-term. Short-term, I predicted we'll fall into 76.1K once again after the 81K -> 76K crash, and a small pump into 78K. Correct! Inflation remains a concern for now, interest rates are still a major factor, and liquidity alone cannot prevent another sell-off. $GOLD has historically served as an inflation hedge, while Bitcoin is still trying to establish itself as "Digital Gold". A reason why I am more bullish on gold than Bitcoin. Maybe $GOLD hits ATH earlier than $BTC even! Not to mention that both $GOLD & $SILVER are near our macro buy zones. See the latest video of $SILVER on my profile & you'll know!
$FOGO/USDT A potential 2X spot pick by P-Circle's premium trader, Mr. X 🎖️ Technical side: The MCAP was sitting at 18M when I first flagged it yesterday. There's still a 40-50% downside risk, so be aware of that. No candle has gone below 0.0315 since I shared, which is a good sign for any breakout possibilities. The LTF resistance has been marked in pink. Good luck with it!
$BTC New week, fresh outlook. Hope you had a great weekend. It's time to get back to business, baby! This week might be the one where we hit our final short TP: 76K-78K. In fact, we might even go to 73K later, which isn't that far from the first time I predicted it. You won't believe it, but I gave 73K anticipation as a higher low when the day $BTC went euphoric into 87K, anyway... So the weekly close yesterday was indeed below 81,194 as I predicted at the start of the previous week! Now we're back to a "normal" trading environment, except there are two types of weeks that we've been trading for over a month now... Fast week: There's a part of me that believes $BTC starts slow with around $1,300 price wicks on both sides. Followed by a sharp dump into the 76K zone. Because: Other than the regression channel support being broken, we have now also successfully closed a weekly candle below 81,194. Slow week: The remaining part of me is slightly cautious about entering any market price shorts here at the 79K zone. Why? A) Because mid-term elections are in a week. They can engineer fake liquidity at the 82K zone, chances are. B) Well... obviously more than half of the down-move is already complete & we're waiting for only the final targets. The goal is to simply continue running our amazing 12-14 shorts on $BTC & altcoins, including the $FARTCOIN free signal I shared with you guys from Mr. R. Sure, if you find any good short setups, then may try with logical invalidations. I believe this update will be enough for the whole week, as long as we don't go madly against the directions I've given. Such as seeing 88K+ within this week or something like that. So save this post & come back to it whenever you sit in front of your charts. Cheers! Mr. P
$BTC Have you ever gotten stuck in a traffic jam? If yes, then you must've faced this situation where you're stuck in the first lane, while the second lane is moving forward. You wait for your lane to move, but it doesn't... And then you decide to shift into the second lane, but guess what? Now the first lane is moving, while the second lane into which you shifted is stuck. Sometimes, that is how trading works. You long. $BTC drops. You DCA into the long. $BTC drops again. You take a loss and turn short. $BTC starts pumping... Live example: When $BTC first touched an 87K yearly high, people thought it was a breakout into 90K - 100K. $BTC crashed into 81K. Then it again gave exit pumps three times (and we longed all of them into precise targets). Each time, people thought it was a breakout, or at least that 85.2K liquidity is coming. But the market makers baited that liquidity, & we dropped again from 84K (our latest short entry) into the 78K - 79K target 1. Tell me now, are you short or long? I have personally been in the same lane, & will continue to be in it. That's all the psychology behind one's bias. Now let's take a look at our chart & levels, shall we? About the strong 81,194 level that we used previously to long three times... In my last two posts, I said: "Next time, it's break time!" Not just that, but two days ago, I also predicted that the next 3D close should be below 81,194. We're about to close that candle in 3 hours or so... and we have already dumped below 81,194, smooth as butter. We booked this new short from 84K levels once, & if you haven't closed 50% of it, then take another partial TP here. Rest, keep it open for 76K. Have a great weekend.
$GOLD hits all-time high in 2027? Definitely one of our favorite assets to invest in. Both online & physical. What if I told you that gold hits ATH before $BTC does? Well, that's what I believe in the long term. I've marked my interest zones on the chart... For SPOT only. https://t.co/hPJERkXDYJ
$BTC 81,194 before any bounces! By now, you must have at least 50% of your shorts booked. Also keep the stop-loss at entry. Now read the quoted post. I said 2 days ago that the next time 81,194 comes, "it'll be the break time". And guess what others were saying 2 days ago? They believed it's expansion time into 87K... But we knew it's just another exit pump for our longs. Anyways, moving on... 76K - 78K zone is still my final target for all shorts (LTF + old ones). Any bounce before that, I believe, will be temporary. Probably the same zones are also where I'll be interested in longs. However, and this is very important, in no capacity whatsoever, I am suggesting to take any new shorts. We're in mad profits right now, & we're really happy. If I am wrong about 76K or 78K, let's say, then we'll still be very much profitable. And talking about spot trades entered in the 79K to 80K zone, yes, 106K is still my target. So far, we've used 70-75% of our spot exposure, & majority was done at 58-60K levels. The remaining 25-30% will be taken near or below the final target of my shorts. This next 3D candle will decide how fast we'll go there. Important note for new readers: I am not signalling any new setups at the current range. The short trades mentioned above are either from 87K or were recently taken above 84K levels. If you take any new shorts and get stuck, I will not be responsible for them. Cheers! Mr. P