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William Spencer Jared
2.7K posts
William Spencer Jared
@wsjared
Financial Advisor. Investor. YouTube. Author. Posts do not constitute as financial advice.
Beigetreten Mayıs 2024
116 Folgt523 Follower
Most of us have had an experience at work where we thought to ourselves, "Sheesh, this is a toxic work environment. I need to look for a new job." Pretty straightforward. Happens all the time.
But how often do we do that with our social circle? With our online consumption? And even more importantly: with ourselves?
It's easy to understand just how important it is to do your work in a constructive environment. But how much are you leaving on the table because you haven't audited the rest of your life?
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For any followers who subscribe to my YouTube Channel, I am dropping a video this week to discuss what's next! The channel is currently under construction & is going through a rebrand, but should be back sometime in late Q1!
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@DrewLyburn From a classical charting perspective, a revisit of $98-100K makes sense. The timing of which, hard to specifically say. But a rejection there after the trend breakdown would also make sense. Interesting days ahead!
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@fpcryptowill I see pull back next week, too much liquidity to leave behind underside of BTC.
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Way too many " $BTC back to all-time-high's from here " posts today.
To get back through the 50-week MA and also the underside retest of structure between $98-101K and then again at $107-108K is a lot of potential resistance on the way back up.
It's great to see a move through multi-week resistance. But lest we get carried away.
If $BTC pushes back through both of those ranges, then maybe a bit more appropriate to talk about a revisit to highs. But not until then imo.
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Lots of online chatter about the Venezuela situation today. Lots of opinions flying around.
Just one man’s speculative opinion, but I think it’s possible this has a lot less to do with oil reserves and/or socialism, than it does a move to try to extend the relevance of the US dollar as the global reserve currency, and as the preferred currency for things like oil and rare earth material trade.
The US Dollar’s global position is one of, if not the greatest chip that the US has on the table.
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$BTC 4H pushing into structure & resistance of Adam & Eve pattern. Need to see a breach over $90K on candle close for continued upside. If price DOES manage to push here, still a lot of resistance at $94K and the underside retest range of $98-101K overhead.
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@DrewLyburn Small hedge position until the trend changes.
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$BTC Daily reminder that it will serve you MUCH better in the long run to watch the chart and pay attention to the trend, technicals, etc. than to listen to the forecasts of analysts on major news networks. They get it right sometimes, but the sands shift FAR TOO OFTEN.
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$BTC 1D - for me to get remotely excited about this move, I need to see price close above underside retest of the ascending support breakdown, and ideally a daily close + confirmation over 20DSMA. IF that happens, possible move to $94K to test structure & move to $97-102K range (previous support, high concentration of liquidity). If that does NOT happen, anyone screaming "we're back" here is way too premature.
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@DrewLyburn Measured move of that bear flag runs down to the low $70K's; if this doesn't hold, could see another rough leg down across crypto assets.
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@fpcryptowill All looks bearish to me, I’m cashed up until I see short or long opportunities.
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$BTC 1D - hanging by a thread on ascending support - if this breaks down, bear flag measured move comes into play. If price bounces, $94K still the level to beat to open up higher prices & liquidity pools.
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$BTC continuing to respect both $94K resistance and also ascending support.
The question then becomes (and I believe this to be somewhat subjective), is this a rising wedge (that is respecting the yellow trend line) or a revival pattern that is more of the ascending triangle at the bottom of the move?
In either case, however, if the ascending support is lost, the measured move of the bearish continuation pattern becomes relevant, and would likely trigger shorts for me.
The counter-thesis to the bearish continuation pattern is the fact that price has not yet back-tested the previous support zone of $98-101K as resistance, and there IS a large liquidity pool from $97-98.5K.
Due to the subjectivity in all of the above, I am simply looking to see which breaks first, $94K resistance or ascending support.
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$BTC 4H - if price breaks $94K/the white pattern (bullish ascending triangle), that would be very good for alts near term - $97-98.5K still the overhead target range if this breaks bullish, but to open that range, still need that break of $94K
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