BITCOIN-Larry Fink, Cathy Wood, and Clubber Lang are on a boat

James D. Touati aka "The Wolf of Zurich"

offers you a new approach for users and members, with new publication styles, harmonic figures, Wolfe Waves, short and graphic formats.

This publication is the english version of my article on investir.ch: https://www.investir.ch/2023/10/61257/

Monday October 23, 2023, the explosion of Bitcoin served as an Uppercut “in the face” of the Bulls on the Bears. The Bears are down on one knee, but is this the end of the fight?!

Cathy Wood “The Dream Seller” or “The Liar”?!
On October 25, 2023, Cathy Wood, who a year and a half earlier was still selling "her salads" on BTC which will soon be at $1 million, therefore collected more than $5 million on her Bitcoin and Coinbase position. This is just to tell you how much she believes in the rise of cryptos which were set to rise to stratospheric levels.

Personally, I don't know about you, but I really have the impression and confirmation that they think we are "donkeys", and that we are being tricked in order to trap us in the markets.

Little info in passing:

There are two categories of traders: “SMART Money” and “DUMB Money”.

This is why I will write an article about it for you this week, in order to open your eyes to the real world of finance and trading!

Does Larry Fink already see himself in front of a great “Buffett”?!
Everyone knows that BlackRock plans to set up its ETF on BITCOIN, and that Al Gore (former Vice President of the United States), Warren Buffett, George Soros, and the Rothschild Family are important and active shareholders of BlackRock.

Their global influence is considerable, as you will all easily understand. So will they “convince” certain members of the SEC, thanks to their influence?!
As a former journalist, screenwriter, dialogue writer and writer by the name of Michel Audiard would say: “When we talk about money, from a certain amount, everyone listens! ".

So everything is possible in this world. ????

We had euphoria on BTC this week because investors are already anticipating validation from the SEC on the BlackRock ETF.
A little too much anticipation, because if the SEC's response is negative, ...as Clubber Lang (Mister T) would say in Rocky 3: "My predictions?... A butchery!!! »

However technically the graph may be telling us something “positive”.

BITCOIN USD graph – Analysis by James D.Touati – SAMT Zürich – Source: Tradingview.com
Indeed, The Wolf of Zurich has detected a bullish “BAT” harmonic pattern, as well as a bullish “Flag”.

The “BAT” has its potential reversal zone (PRZ) located between $31,120 and $30,500.

The expanding “Flag” (See graph) would bring the price towards $40,389.

But BE CAREFUL all the same, because if I add the graph of the potential levels achievable in Daily on BITCOIN, they are more bearish, as you will see.

BITCOIN USD chart – Analysis by James D.Touati – SAMT Zürich – Source: Tradingview.com

We will see what the SEC decides, and whether technical analysis is stronger than macroeconomics.
Happy trading everyone, and stay safe.

“PAKA PAKA!” 

James D. Touati aka “The Wolf of Zurich“
Head of Zurich Chapter SAMT
Swiss Association of Market Technicians

For more information, you can contact me on the following networks:

LinkedIn: http://linkedin.com/in/james-d-touati-941a8ba6

Tradingview: https://fr.tradingview.com/u/james-samt/