PowerToThePeople
6.5K posts

PowerToThePeople
@RatraceThe
Climbing up stuff, managing risk, and running some miles. Here for the memes only… #Bitcoin

California is again leading the charge against large-scale identity theft and hospice fraud. Today, we're taking decisive action against 14 providers who tried using stolen identities to bill Medi-Cal for nonexistent hospice services.






$BTC Every flag is a bear flag, until it isn't. Sorry this will be a long one. I always had a hard time with people speaking in absolutes thinking they're the man. Here, for example, this guy always on my timeline fails to mention that the formation we had in November 2022 would have been also identified as a flag, predicting continuation lower. That's called selective information. Or cherry picking data. Until 10 days ago my TL was full of 2022-2026 fractals fanboys ( now they all disappeared). I once wrote about why this time it could be different. x.com/teorexinvestin… Now I'd like to point out why Nov -Jan 2026 and Feb-March 2026 might be different again. Fractal fanboys, flag doomers and 4 yrs lovers might be the ones left sidelined. Here is the chart, sorry if it's a little busy. There are few similarities of course but few key differences that in my opinion are invalidating the fractal prediction. - Volume. We are now in a shorter consolidation timewise (46 days vs 69), but volume is way higher now than the entire Nov-Jan price action (depending on the exchange, but it is important to note that volume in Bitcoin futures is consistent with this view: around 10% less volume now, but still in a 30% shorter timeframe, so volume/day is ca 20% higher: 7.76k vs 6.43k). This would be consistent with the idea that we had a capitulation event and some more buying interest at these prices. - In these past weeks we had a liquidity sweep above the range and then we put in a higher high. In January we had a liquidity sweep which was a clear (in hindsight) deviation, and immediately after price broke down and resolved the flag downwards. The structure looks way more constructive now, with a series of higher highs and higher lows in place. - After the deviation in January price broke below the Bull Market Support Band (yellow circle), and never recovered, whereas now we have regained it (blue circle), a clear signal of buyers strenght. Will this time be different, and will the predictions of 30-40k be simply bears dream? I don't know that, but I have made it clear several times that I don't believe we will see a classical bear market lasting till October. In fact, I believe quite the opposite, that this is still a bull market and that we will see way higher prices soon. 🚀🍿




















