bitsofwealth

$INJ Long Idea

Another chart with some HTF potential for upside. IMO we prob need a week or two for TP1 to hit but these things are pretty hard to predict and time.

I am taking a position here for now and will be adding to it, given the opportunity.

Planning on taking 70% off at TP1 and moving stop to nearly break even.

This is more of a fun observation than anything serious, but it’s still a pretty interesting chart. This is the weekly chart of Bitcoin - illustrating what happened to price in the past, following either a new Fed Chair appointment or re-appointment.

Latest Status (as of May 12, 2026):

• The Senate confirmed Warsh to a 14-year term on the Fed's Board of Governors (51-45 vote). This was the key first step.
  
• The Senate is expected to vote on (and likely confirm) his separate four-year term as Chair as soon as tomorrow (May 13).
  
• Jerome Powell's term as Chair officially ends May 15, 2026. Warsh is poised to succeed him shortly thereafter (likely sworn in soon after confirmation).
  

Most analysts and reports anticipate Warsh will officially take over on or right around May 15, in time for a smooth transition (he could even lead the next FOMC meeting in mid-June).

This aligns with the historical pattern you’ve been tracking on the BTC chart. Keep an eye on news today/tomorrow for the exact swearing-in

$ONDO Long Idea Update

As you can see, we did get another move toward the lows, just as anticipated. We did not see a deep sweep but it gave enough to entertain a trade.

Watching the stablecoin dominance chart (USDT.D+USDC.D) this weekend to see if we get that move lower that we have been waiting for - a sweep of the lows could setup a beautiful opportunity to short BTC and crypto.

A sweep of the lows would be a move into the golden pocket fib and also a sweep of the previous week lows.

We do need to be cautious though... if we don't get just a sweep and immediate move back above the lows and into the existing range, there is the possibility that we could still be seeing stablecoin dominance head into that grey zone marked on the chart - which would mean that BTC could actually be putting in another leg higher towards mid to high 80s potentially.

The grey zone makes a lot of sense on the weekly chart but we aren't guaranteed to get a perfect move into it.