Bitcoin Price Thread

Bitcoin Rainbow Chart gives $288k target for BTC – Large gains ahead?

https://ambcrypto.com/bitcoin-rainbow-chart-gives-288k-target-for-btc-large-gains-ahead/

 

I see those dummies over at Millennium are heavily into Bitcoin now.

Theyve obviously done their best to crunch the numbers but stuffed it all up as usual.

Shake my head.

 

Unfortunately, 3 of the top 4, Millennium, Susquehanna and Jane Street) I read are the type of bitcoin "investors" that would likely be hedged by selling short bitcoin futures

and be very close to being delta-neutral and only locking in "risk-free" yields through contango(?/backwardation?)

Goldman Sachs and Morgan Stanley which went in hard recently are the real bitcoin "investors" wealth managers of the rich and powerful and pension funds and sovereign funds

 

A rainbow chart? please... And then i am the delusional one.

See you all at $30K

 

Embrace the rainbow,orb!

 

OK let's revisit the chart.


This is the 4 hour chart.



The daily

 

Microsoft thinking about copying MicroStrategy... about time

 

Ok this could be developing into a iv--->v

 

"OTC sellers are running out of coins"

"FTX repayments are coming"

"Trump about to create a national US BTC reserves"


... BUT I AM SURE THIS TIME IS DIFFERENT!