Trace Busta @TraceBustaChart
Charting markets for financial freedom. Fix the money, fix the world #Bitcoin Find me on StockTwits here: https://t.co/nwKjCtHmGk . chartsforfreedom.substack.com FinTwit Joined June 2018-
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Trace Busta retweeted
6) Charlie Munger - BTC price $425!
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$BTC If you’re not identifying the pockets of accumulation and generating upside targets, you’re at a disadvantage because you don’t know how much gas is in the tank.
Insta block
With all of the MSTY hype over the past 1-2 weeks, this move has extra fuel / is being fueled by the covered calls being bought back. Love to see it.
Signs that MSTR is about to rip…
Signs that MSTR is about to rip…
Love seeing posts like this popping up on my timeline. Sentiment check
Love seeing posts like this popping up on my timeline. Sentiment check
Very interesting correlation
$BTC Sat down to do taxes, opened one chart to ‘check the market,’ and four hours later I’m knee-deep in Wyckoff phases, labeling PSY and LPS like it’s forensic science. IRS can wait...accumulation might be complete.
$SPY These elevators down can be brutal, but this feels very similar to Aug. '11 / Aug. '15, and even the Covid crash of Mar. '20 (all noteworthy bottoms). The volume is getting to that "climactic" level and the market has only been open for 1.5 hours at this point in the day:
$BTC looks like it’s doing exactly what it should -- just a classic test of the November breakout. Nothing dramatic here. Old-school bar chart says: stay calm, structure’s intact.
Trace Busta retweeted
I had a strong sense the market was in trouble and I covered too early yesterday when, I heard arguments suggesting "the market can't go down much anymore in modern times" "circuit breakers will never get tripped" "times have changed." That kind of complacency and cluelessness…
Time to fade the GLD/BTC ratio. Gold has achieved long term targets called out in 2023 (see pinned post). BTC sentiment feels like it’s ready to turn and has gas in the tank for $150-$160k.
Time to fade the GLD/BTC ratio. Gold has achieved long term targets called out in 2023 (see pinned post). BTC sentiment feels like it’s ready to turn and has gas in the tank for $150-$160k.
Targets achieved. #PnF does work, who would’ve thought? @greywaver
Targets achieved. #PnF does work, who would’ve thought? @greywaver
As legendary market technician Phil D. Gapp always says, “All gaps must be filled!” Well, mission accomplished. Balance is restored, the market gods are pleased, and you’re free to enjoy your weekend without checking charts every five minutes. $BTC
Sentiment check…
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