Community Charts – March 6, 2024

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

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

GetRichSlow

I have no idea what volatility bands realsimplealgo is using, but they’re pretty, and he’s calling out a buy signal on $ETH

The chart shows either some form of Keltner Channels or a super-modified Bollinger Band; regardless, it almost certainly measures volatility. According to his modified Heiken-Ashi (essentially a Japanese version of a moving average), it flipped into his buy zone. 

realsimpleago

Finally, Spaghettisound1 braving his touchscreen to chart on $SHIB. Which makes sense because only a true Shiba Inu degen would chart on his phone. 

Also using Heiken-Ashi, Spaghettisound1 identified a triangle pattern and the chart is right at the apex. 

Sphagettisound1

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So. Damn. Close.

Unless you’ve been sleeping off some horrible life decisions from last night, $BTC is insanely close to reaching its prior all-time high. 🚀

It’s probable that by the time you read this, new all-time highs might already be in. 

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News In Three Sentences – February 28, 2024

Great Zeus’s Beard That’s A Lot: BTC ETF trading volume spiked over $7.5 billion, more than double its previous record. 😱 WatcherGuru has more

BlackRock Turns Bitcoin ETFs into Its Own Personal Money Printer: BlackRock’s ($BLK) massive $520 million infusion into $BTC ETFs, combined with Europe’s unrelenting buying spree and a nifty GBP arbitrage opportunity on $COIN, propelled Bitcoin past the $60,000 mark despite expectations of a pause. Short-sellers everywhere are now questioning their life decisions. 🚀    Read more from TrustNodes

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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. 👀

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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Bitcoin Blasts TF Off

Alright, now we know this is primarily an equity-focused newsletter. But speculation in the market has been building extensively through the last few months, and there’s no better vehicle to visualize that than one with no intrinsic value. 😆

Ok, you had to let us get one joke in there. After all, we just said what we were all thinking but wouldn’t say out loud. Let’s dive into some wild stats. 👇

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