If ChatGPT Was A Girl Writing In Her Diary

I asked ChatGPT to describe what it’s like to experience Bitcoin stuck inside the Ichimoku Cloud from the perspective of a girl pining for a boy she’s madly in love with. 

Dear Diary,

I feel like I’m floating in a cloud of uncertainty, caught between his desire and his distance. There are moments when his eyes meet mine, and I can sense an unspoken longing, a whisper of his hope to be by my side.

I feel like I’m floating in a cloud of uncertainty, unsure of where I stand with him. It’s as if this cloud has a mind of its own, playing tricks on my heart. Sometimes, he’s so close, showering me with attention and warmth, making me believe there’s something special between us.

But then, like a sudden gust of wind, he pulls away, leaving me confused and questioning everything. Does he truly care about me, or am I just another passing thought in his sky?

Oh, Diary, deciphering his mixed signals feels like wandering through a haze where clarity slips through my fingertips.

Yours in bewilderment,
Mildred Etherbum Coinworth

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What Has Been Will Be Again

I wanted to add this to yesterday’s Litepaper, but there wasn’t enough room. 🪗

There’s a lot of folks on social talking about the monthly RSI and how it’s above the default overbought level of 70. That’s happened before. 

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Technically Speaking – March 5, 2024

Well, like I said, this isn’t a fun Litepaper. Instead of finding wen-Moon or wen-Lambo, we will be looking for wen-bottom. 💔

I’ll keep it short and sweet, quickly identifying where analysts and traders see strong support levels ahead.

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BlackRock’s Bitcoin ETF Surpasses Silver Trusts with $10 Billion in Assets

When the first gold ETF came out, it took a couple of years to reach $10 billion in AuM (assets under management). How long did it take Blackrock’s $IBIT? 2 months. 😱

Bitcoin spot ETFs have now eclipsed the largest silver trusts regarding assets under management (AuM), setting their sights on surpassing gold trusts next. According to recent data from HODL15Capital, BlackRock’s IBIT has achieved an impressive milestone, amassing an AuM of $10.03 billion, translating to a remarkable year-to-date (YTD) increase of 35.2%.

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One Way To Use Stocktwits’ Social Data Tools

Have you ever heard the phrase ‘volume precedes price’? It’s an old-school technical analysis 101 maxim. For example, if an instrument is in a downtrend but then you start to see volume tick up, the theory is that price will follow the volume. 🧑‍🎓

It’s what technical analysts call a leading indicator—a heads-up or a warning that the probability of change is high and that it might happen soon. Analysts and traders might apply that principle (volume precedes price) to the Stocktwits Social Data. 

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