@JTheretohelp1 @tradingview Thanks for the input! I didn’t have time to chart so I was just looking at yours and saw the 1980 and 2011 highs were around the same area. So thought maybe a pullback/retest there would be possible
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Kit’sKrypto
72 posts
Kit’sKrypto
@Kits_Krypto
$BTC $ETH $XRP $HBAR $ALGO $XLM Tweets Are My Opinion/Views and Not Financial Advice. Started in Crypto on 1/31/21. Just charting my own thoughts
Katılım Şubat 2022
1.9K Takip Edilen139 Takipçiler
@Kits_Krypto @tradingview My brother! Hope all is well! I see a pullback. To $50? Hard to say, but eventually silver and gold head considerably higher. You know how I taught the boys, use your fibs. I see a .5 at a minimum
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I believe Silver eventually makes it to the 4.236 Fib (inflation adjusted 1980 high). Frankly, I think Silver goes even higher than 195. However, this is THE area where Silver will struggle (1.618 Fib Ext)
Check out my #SILVER analysis on @TradingView: tradingview.com/x/9YpdzQ6h/
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@CredibleCrypto $XCN But I don’t know if that chart is already screwed or not
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Speaking of… $ZEC and $TRAC have both fully recovered from the drop yesterday.
Any other “outliers” that are back to pre-dump (or higher) levels yet?
CrediBULL Crypto@CredibleCrypto
Yea $TRAC just chilling at .41 with no downside wick like nothing happened- and surprise surprise you can’t actually long it with leverage anywhere and it isn’t used as a collateral asset on any major exchanges either. Just confirms that what we just saw was a result of leverage liquidations and forced selling of collateral assets- this wasn’t “panic selling”. Spot-only assets like $TRAC were pretty much un phased.
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My community Members are awesome!
KK you are 100% correct! I drew that slightly off. Here’s the corrected measurement.
Technically, the measurement is about a half a percent higher.
Great eye! 👀
Kit’sKrypto@Kits_Krypto
@7thkeyfinancial JT, isn’t the low of “C” supposed to be after the high of “B”? So wouldn’t this be slightly off? (I still get the overall point/picture 😂)
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@7thkeyfinancial JT, isn’t the low of “C” supposed to be after the high of “B”? So wouldn’t this be slightly off? (I still get the overall point/picture 😂)
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Friends, hope you had a lovely weekend! 😊
Grabbing some dinner, then I’ll prep for our crypto close.
While you wait, here’s Nasdaq Futures.
Note: We do have a Measured move from the Breakaway Gap “A”, to pivot high “B”to corrective “C”
PS-Thanks for pumping Alts a bit! 🙏
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I guess Bitcoin like to achieve things quickly 😂
Wow!
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@7thkeyfinancial Hopefully we can at least get small caps and alts to do something before its too late 🤞
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@Kits_Krypto It does. But all ATH’s do that. It’s why they are challenging to call. I’ll speak to both sides tonight for all of us.
Hope all is well brother!
PS-please send XCN for us lol 😝
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From Big D & his emphasis on the infamous 6186
Maybe we should frame it for our community if this happens to be “it”. 😝
I was off my a point but I suppose that’s The Lord’s way of keeping me & all of us humble.
PS-My man likes his candles, and the daily isn’t a pretty one.
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@7thkeyfinancial I’m kicking myself for not asking you earlier because you probably would’ve been more impressed, but this post reminded of my question 😂
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@Kits_Krypto I just threw another wrench into the mix with an additional comment, but your question was quite impressive and it pays to know this stuff (literally and figuratively 🤣)
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Not an issue now, but something we’ll need our community to keep an eye on in the weeks/months ahead.
Why? 🙋♂️
Answer: Yen Carry Trade
If the BOJ raises rates to stem inflationary pressure, this strengthens the Yen thus causing a potential YCT unwind
cnbc.com/2025/06/20/jap…
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@7thkeyfinancial Makes sense, just throws another wrench into things 😂
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@Kits_Krypto You = 🧠
This will become dynamic if they move in opposite directions. The dollar is still the reserve currency & will have a bid due to that, but if the Yen strengthens against the USD pair, as the DXY strength is rising against other currencies it it could compound the issue
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@7thkeyfinancial Also JT, even if MSTR wins doing what they are doing (I doubt it), doesn’t that go against what BTC is all about? Why do we want a handful of players to own most of the BTC supply? Or maybe I’m missing something 😂
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I am not here for likes or comments
I’m here to help one (or a few)
I don’t like MSTR, and their capital structure. It’s total air…
I have a lot of money waiting to short them all the way…
I will die on this hill
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Nope, this will be the last chart for the evening, and I know you’ll like it!
This chart comes by way of Alex, one of our community members.
I knew you guys were good, but I had no idea you guys could keep our Bull Trend going and in tact! 😂
Amazing work Alex! lol 😝
GN 💤
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Kit’sKrypto is correct. I checked all the exchanges and our daily close avoided a true Bearish Engulfing candle by a fraction. 🤏
That said, the supports labeled are still key. Let’s all keep an eye on them.
PS-KK thanks for keeping my eyes open 👀
Kit’sKrypto@Kits_Krypto
@7thkeyfinancial JT, if you zoom in, I don’t think it technically Engulfed the previous candle. Still does’t look good though 😬
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@7thkeyfinancial JT, if you zoom in, I don’t think it technically Engulfed the previous candle. Still does’t look good though 😬
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Bitcoin Daily Close
• After the “Trump Bump” candle, today we round tripped the entire move & have a bearish engulfing candle close
• Support 1 = White line. This is the level to maintain over the🕯️body of the Bull Pin Hammer
• Support 2 = 200MA
Until tomorrow friends!
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