Crypto’s Harmony With The Dollar, Not A Rivalry

$COIN‘s main man, Brian Armstrong, is stirring the financial pot with a fresh take: $BTC‘s not here to knock the USD off its perch; it’s here to help it out. ๐Ÿช™

In Armstrong’s eyes, Bitcoin can help traditional currencies like the Dollar, Yuan, and Euro shake off their inflation woes. He’s betting on people warming up to crypto as their go-to inflation shield.

But Armstrong’s tune isn’t about a crypto takeover. He’s all about crypto and fiat currencies holding hands and skipping together into the financial sunset. โ˜€๏ธ

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Bitcoin Hits New All-Time High Then Someone Punched It In The Face

I’m a crypto fanatic. I am constantly observing and looking at what’s going on, and like many of you, the past couple of days, I’ve been glued to my screen or phone waiting for the news when Bitcoin hit a new all-time high. ๐Ÿ‘€

And now I need your help. Because I need someone to figure out the odds of someone like me, MISSING THE GODDAMN EVENT BECAUSE OF A DR’S APPOINTMENT.

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Community Charts – March 6, 2024

GetRichSlow shows off a beautiful logarithmic $BTC chart, hinting at $200k in Q1 2025.ย 

His Fibonacci expansions highlight a series of projected price levels along with vertical blue bars highlighting when the RSI crosses 70.ย 

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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. ๐Ÿง‘โ€๐ŸŽ“

It’s what technical analysts call a leading indicatorโ€”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.ย 

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You Lucky SOBs

This is such a typical memecoin story (and they pop up quite a bit during bull runs), and this one involved Dogwifhat ($WIF). ๐Ÿถ

Some dood turned $1,750 into $11.2 million. He bought 5.1 million WIF in November and then spent who knows how many sleepless nights this month figuring out how to cash out on his lottery ticket.ย 

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