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Bitcoin & other Cryptocurrencies in 2021
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Ouranos



Joined: 28 Mar 2020
Posts: 569

Posted: Sat Oct 16, 2021 12:58 am    Post subject: Reply with quote

"The Securities and Exchange Commission is set to allow the first U.S. bitcoin futures exchange-traded funds to start trading next week, a landmark victory for a cryptocurrency industry that has long sought permissions from Wall Street's top regulator. Bitcoin traded north of $60,000 on Friday, its highest level since April 17, in part on speculation the SEC would greenlight the ETFs.
Thomas Frank, "The SEC Is Poised to Allow the First Bitcoin Futures ETF To Begin Trading," www.cnbc.com, October 15, 2021.

...But right now, the chart pattern and technical picture look very bullish. But then again, it is often the case with Mercury retrograde that technicals and chart patterns look one way, but reality turns out differently.

...In retrospect, it looks like many markets ended their counter trend moves that began with Mercury retrograde or its midpoint. They appear to be resuming the trends that were in effect prior to that time.
However, with four planets switching from their retrograde to direct motions between October 6 and 18, that two-week period may also end up being a counter-trend move. Such is the nature of multiple planets turning retrograde and direct in a short span of time.

...It's not just the switch from retrograde to direct motion of Pluto, Saturn, Mercury and Jupiter. As indicated in the opening, it is also the culmination of three Jupiter transits. On Friday, the Sun and Jupiter formed a trine to one another and the stock markets of the world were sharply higher. On Monday, October 18, Jupiter will turn direct, which also has bullish implications. On Tuesday, October 19, Mars will trine Jupiter, another mostly bullish indicator. These harmonious aspects then transition into the more challenging square and opposition types, October 22 through November 17, starting with the harsh Mars/Pluto square of October 22 and ending with the powerful Mars/Uranus opposition. In between, Mars will square Saturn on November 10.

...Historically, stock markets that are rising into a Saturn/Uranus quarter cycle (conjunction, square, or opposition) top out at least 1-2 months before their final passage.

Ray Merriman's weekly column 2021-10-18
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Ouranos



Joined: 28 Mar 2020
Posts: 569

Posted: Wed Oct 20, 2021 3:14 pm    Post subject: Reply with quote

The price of bitcoin soared to a new high on Wednesday at more than
$66,000, driven by the launch of a financial product on Wall Street linked to cryptocurrency, a historic step for its democratization.
Bitcoin's performance is giddy: cryptocurrency, which traded for less than a dollar twelve years ago, peaked during the session at $ 66,273, up more than 50% on a months and more than 450% over one year.
The US regulator, the SEC, insisted that the index fund (ETF) launched on Tuesday, the first linked to the price of bitcoin, be backed by futures contracts linked to the cryptocurrency, and not directly to it.

The ETF launch was a success, with 24.4 million trades, "proving that there is a strong appetite for bitcoin exposure," commented Fawad Razaqzada, an analyst at ThinkMarkets.
Despite the SEC's approval to launch an ETF, "the risk of tightening regulation has not gone away and it is difficult to predict how prices will react," writes Mark Haefele, analyst at UBS.

In China, the state banned cryptocurrency transactions in late September. In the United States, Washington on Tuesday warned that the development of cryptocurrencies was weakening the effectiveness of economic and financial sanctions.

In contrast, technologies that allow cryptocurrencies to exist without a centralized issuer are of interest to central banks: in China, the launch of a digital yuan is on trial.

In Europe, the European Central Bank (ECB) has yet to decide whether it will make a digital euro available to ordinary people. But in financial markets, the Banque de France is testing the use of a blockchain and a digital euro to issue debt.

Joseph Sotinel (Agence France Presse)
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Ouranos



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Posted: Thu Oct 21, 2021 3:28 pm    Post subject: Reply with quote

(New York) The cryptocurrency exchange FTX Trading has completed a new fundraising of 420 million dollars, which values ​​the young company at 25 billion dollars, another sign of the appetite for this growing sector .

Posted on October 21, 2021 at 10:12 a.m.
FRANCE MEDIA AGENCY


Some 69 different investors participated in this new round table, according to a statement released Thursday, including the teachers' pension fund of the Canadian province of Ontario, Canada, illustration of the growing popularity of cryptocurrencies well beyond the circle of lovers of new technologies.

FTX Trading, headquartered in the Bahamas, previously raised $ 1 billion in July from Singapore's sovereign wealth fund, Temasek.

Established just over two years ago, in May 2019, FTX now claims a daily trade volume of $ 14 billion on its platform. The specialist site CryptoCompare estimates the trading volume for the last 24 hours at $ 4.7 billion, which places FTX in the sixth position of the cryptocurrency platforms.

The company declined to share with AFP the number of users of the platform, which FTX says has grown 48% since the last fundraiser three months ago. She also declined to say more about the shareholding and to give a list of major shareholders.

After creating an American entity, FTX US, in September the group bought a crypto-asset derivatives trading platform, LedgerX. The latter is registered with the futures market regulator, the CFTC, an important element for FTX which intends to operate as a regulated entity in a space that is still relatively small.

The authorities of many countries and investors are calling for a clearer and better defined regulatory framework to govern the functioning of the players in the sector.

FTX also recently launched its own trading platform for NFT, certificates of authenticity that attest to the ownership of a digital object, the market of which has exploded this year.

The most popular crypto-asset trading platform in the United States, Coinbase, went public last April and now weighs $ 82 billion in market capitalization.

At the beginning of September, the general manager of the world number one in the sector, the Chinese Binance, indicated that the platform hoped to list its American subsidiary on the stock market within three years.

With the launch on Tuesday of a new investment product that makes it easy to put money in a bitcoin-linked medium, the star cryptocurrency broke a record Wednesday, reaching $ 66,976.
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Ouranos



Joined: 28 Mar 2020
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Posted: Sat Oct 23, 2021 1:28 am    Post subject: Reply with quote

Bitcoin roared to a new all-time high on Wednesday's full Moon (October 20), but Ethereum fell a little short, for a case of intermarket bearish divergence. By Friday, Bitcoin had fallen below 60,000, a loss of over 10% in two days.

You would think that new all-time highs in stock indexes would signal that the economic future of the world looks great, that the outlook for companies and individuals is very rosy. However, with the Sun leaving the diplomatic and willing-to-compromise sign of Libra for the less diplomatic and more probing and demanding-of-action sign, Scorpio, there is still a fair amount of worry afloat. There may also be a resurrection of investigations into wrongdoings in the past by political leaders of the world, efforts by governments to have their tax collecting agencies intrude into personal bank accounts, as well as another round of urgency regarding debt, deficits, and new tax proposals. These behaviors all fall under the sign of Scorpio and its ruler, Pluto. It just so happens that the U.S. is entering its 248-year Pluto return too, so this nation is very likely to experience new attention on these issues this next month.

As investors, traders, and market analysts, why do we care about this? It is simple, if you are also a student of history and its correlation to geocosmic cycles. For one, we know that the final passage of the 45-year Saturn/Uranus exact waning square is approaching on December 24, just one week after Venus turns retrograde while in conjunction with Pluto. The history of this (and all) Saturn/Uranus quarter cycles illustrates a high frequency of economic and market downturns 1-3 years afterwards when both have been rising going into the aspect. In fact, every other instance (90 years apart) of the Saturn/Uranus waning square has coincided with the two worst depressions in U.S. history: (1930-31 and 1840). 2021-2022 is next in this 90-year cosmic phenomenon.

Secondly, as I write this year's annual Forecast book, I discovered a correlation of severe market and economic declines occurring within the first two years of the 20-year Jupiter/Saturn cycle, which commenced December 21, 2020. It is not that these types of shocks have to happen, for after all, they are caused by either natural events outside of our control to which we were not prepared, or by the implantation of extreme policies and poor judgement (the downside of Jupiter) that did not work out well.
Think September 11, 2001, and the dot com speculative bubble bust in the last instance, or the record-high inflation and interest rates the time before that, or the Bay of Pigs Cuban crisis before that, or World War II the time before that.

In addition, Jupiter will re-enter Pisces, December 29, 2021, through May 10, 2022. This is a combination that has historical correspondence to sharp and sudden reversals in a variety of financial markets, including Crude Oil and Silver. On a positive note, Jupiter will conjoin Neptune on April 12, 2022, in Pisces. This is a very charitable, compassionate combination which may bring people and leaders together in a large summit or conference, during which great visions may be shared, creating much excitement about the future. It's not all bad news or depressing news, but it is apt to bring forth big ideas that will then have the challenge of "making dreams come true." It will be a good time to believe in miracles and leave grievances behind, for at least one week. No one will want to hear negative warnings or depressing projections. It's more of a time for a love fest. It is interesting that it happens nearby to Easter. Young people especially appear to be in a party mood this spring season. Watch out Florida and seaside destinations. With this aspect of group bliss also comes the potential for carelessness, but I promised not to bring up warnings, so forget what I just wrote (unless you care about your health).

Shorter-term, the Sun in Scorpio will activate the Saturn/Uranus square October 30-November 5, followed by Mars doing the same November 10-17. These are not aspects of smooth sailing for financial markets or socio-political matters, as the Jupiter/Neptune conjunction is apt to be in April. However, they may energize markets that rally strongly under the wish for a safe harbor in moments of turbulence. If you are prepared you may be able to capitalize on these sudden changes and sharp market moves.

Ray Merriman's weekly column 2021-10-25
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WooWoo



Joined: 05 Apr 2013
Posts: 2066

Posted: Sat Oct 23, 2021 1:32 pm    Post subject: Reply with quote

I feel combining Astrological Insight with the likes of Elliot Wave and Fib Ratios does put You in a Strong Position.

https://www.youtube.com/watch?v=fECTXJpkXLk

Harry Dent has Bitcoin leading the Markets, and I see Jupiter crossing the Pluto Neptune Mid Point just now, and then on towards Pluto on the 27th Nov 2021.

Saturn direct stabilises, but then the BIG UNKNOWN .... Saturn square r.Uranus till about the 23rd Dec or so.

Either that carries the Markets just about till the 23rd Dec, or finally delivers the -VE it should have this Year.

Don't know ....

And then in early Jan Jupiter would engage with SD-ing r.Uranus, and the Longs might have survived.

t.Pluto moving towards USA's n.Pluto and some trouble showing up in Junk Bonds and the Russell 2000.

That runs till about the 21st Feb 2022.

H
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Ouranos



Joined: 28 Mar 2020
Posts: 569

Posted: Mon Oct 25, 2021 1:13 am    Post subject: Reply with quote

This is my last post on this thread. There are better qualified astrologers who can talk about the bitcoin and the cryptocurrencies.
Thank you to all those who read it.

Schopenhauer, a German 18th century philosopher said:
"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident."

The world is at a junction. We need more courage, more transparency and more equality from the leaders of our world.
The West is a victim of its own management, management centered around money.
I hear the United States questioning why South American immigrants are knocking at the doors of their country. After years of supporting undemocratic governments and selling guns in the South, Americans are now faced with the results of their own policies.
The West cannot sell arms to Saudi Arabia without trampling on its own democratic values.

We have choices to make. Bitcoin is just the tip of the iceberg of a world where mega corporations decide where the priorities of the world are.
Nothing is normal when we saw the Dow Jones going up during the pandemics, when billions of workers were unemployed. Someone will have to pay the bill, but not in the current economic system. Future generations are now fragilized.

And for this, we will need people to get together and care for each other.
German pastor Martin Niemoller wrote this during WW2:
"When they came for the Communists
I said nothing
I was not a communist.
When they came looking for the syndicalists
I said nothing
I was not a syndicalist
When they came for the Jews
I said nothing
I was not a Jew.
When they came for the Catholics
I said nothing
I was not a Catholic.
Then they came to get me
And there was no one left to protest. "

Blessings,
Ouranos
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