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Blockchain Backer

13 Oct, 4 tweets, 2 min read

Thanks for coming out to the livestream. With having technical difficulties, I feel I owe a synopsis of what it was about.

Bitcoin is fighting back above the 0.786 heading into the daily close, still looking for a touch above the B-Wave:

1/4

The Total Market Cap of all of crypto has touched above the September 7th top, on "El Salvador" day. Fighting to breakout the cup and handle:

2/4

The Altcoin Market is in the same boat, and it's looking like an impressive move to the upside is the most likely, after taking out the B-Wave, touching above the .786 retrace since September 7th, and consolidating. Upside breakout seems most likely:

3/4

Lastly, I am in North Carolina. I will be heading to West Virginia tomorrow. I likely will not have a video out tomorrow, but hopefully something on Friday or Saturday. Otherwise, I'll be here on Twitter.

I hope you are all doing well! Catch you soon!

4/4

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Blockchain Backer

@BCBacker

16 Oct

I believe the top of Bitcoin is the most likely to occur around $72,000-$75,000, leading into a multi-year bear market.

In this thread, I will present my case as to why I believe this.

I want to preface this by saying I've been a bull on Bitcoin for the entirety of my YouTube channel, established in 2019, with 550+ videos published. I was also bullish on Bitcoin during this most recent pullback of Bitcoin in May, June, and July, expecting new All Time Highs.

So, I'm not a mega bear, who is wrong footed in a short position. This is a data driven thread. Take from it what you will. But, it's my best guess and speculation as to where the top of Bitcoin is.

Let's begin.

Read 25 tweets

Blockchain Backer

@BCBacker

16 May

The XRP community is pretty excited right now. So, I'm just throwing this out there to show what's been happening.

Remember, we are still in a range.

1/3

And, the price action over the last day has been a 0.702 retrace of the down move from April 6 - April 12.

Ranges can be brutal. And they can take a long time, revisiting the upper and lower boundaries. As for breakouts on the USD chart, we don't have any just yet.

2/3

We just have to be patient, and for me, the real excitement starts once the last fib levels can crack with conviction, which is around $1.75.

3/3

Read 4 tweets

Blockchain Backer

@BCBacker

15 May

This is the most "Fear" we have seen in the crypto market in the last 13-months.

Leaving this hear to revisit it later:

Bitcoin = $48,300.

Three days ago, Elon Musk said he won't accept Bitcoin for Tesla vehicles.

Yesterday, Jack Dorsey said Square won't be buying Bitcoin any longer.

Months of euphoric narratives, then, sudden climate change shift.

Read 4 tweets

Blockchain Backer

@BCBacker

31 Dec 20

In yesterday's video, I considered those issues as the "real" issues in the SEC's accusation. And it’s just that, an accusation by the SEC. Ripple can defend and prove it all wrong. There are 400+ paragraphs. Out of all of them, I found 3-4 that troubled me. 1% of them.

1/13

@jchatterleyCNN

However, those issues have been eating away at me. And as a community, it seemed as if it was voodoo to discuss them. Fortunately, someone in the community did a great job finding where Brad mentioned on to @jchatterleyCNN that “institutional investors” received a discount.

2/13

Now, whether that is right or wrong, it's at least out there! It's not some "big secret". That makes me feel better about Ripple, that they aren't hiding that.

But, as a community, we avoided these topics. Lots of "theories" about the instrument and SEC agenda.

3/13

Read 13 tweets

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