Speculation, ofcourse
I suspect that BTC's inability to break through 10k decisively means one further big dump towards the weekly MA200, currently sitting at around 6k. BTC might complete the huge triangle since late 2017 by one last move down to the support line which coincides with the weekly MA200. However, it could also surprise us and just break through 10k after all in the...
Am I on drugs you might ask and the answer is yes. But check this out, ps i only posted it for future reference to see how it played out
This is a simple but powerful idea. I've calculated some simple proportions for time distances and incremented percentage price, between the 1º and the 2º halvings. Then I related the results for similar proportions between the 2º and the 3º halving. ATH is All Time High(s). 1) DAYS: First and Second halvings: 525 / 364 ≈ 1.44 Second and Third halvings: x days...
Ive just convinced myself of the biggest bull bias in history. After tracking patterns in the chart like im looking for a nugget in the carpet I found this halvening setup. Most patterns fractal in big and short timeframes, literally 3-6 month, week, daily, hour, 15, 1 min you can find the same patterns repeating. This will be a long term...
As you can see we have just (tentatively mind you) closed above the 38.2% fib retracement of the major cyclical bear market in 2017-2018 on the weekly timeframe and outside the overhead trendline i identified as the first hurdle Bitcoin would need to overcome, this is undeniably bullish for Bitcoin. BUT... We are also smack bang on the 61.8% fib level of the...
Confluence of indicators had a Change of Character 👍🤪👎😬 💚 In the past, when BTC Hash Rate dropped to its 200 Day Moving Average + RSI Oversold 💁 + On Balance Volume was at Support 💁 = Excellent Buying Opportunity. 🔴 Currently, BTC Hash Rate dropped to its 200 Day Moving Average... BUT RSI Overbought and rejected at Resistance 🙅 + On Balance Volume Rejected at...
Bitcoin's 2020 halving is upon us. Let's watch as all other cryptos ride it's wave. While someone will fail to keep up, I think Ethereum is going to stick to it pretty closely. Here are some promising looking arrows that point down and up :D Could be a triangle, I don't f**king know LOL. I believe in Ethereum's blockchain technology. Watch the dip and profit on...
LINK has just seen a great bounce off of the resistance highlighted by the green box, coinciding with a perfect buy signal on the TD9 for 2 hour. Now it seems the bulls are exhausted as they failed to close above the previous green TD9 support. After breaking down from the triangle, highlighted in black, it now seems to be retesting that trendline perfectly, as...
Production cost is about to double to $14,000. 70% above the current price. Last halving, price was just 10% below Production cost, and Price & Hash Rate collapsed -20%. Bitcoin Production Cost script just updated with the latest data: - CBECI electrical data as at 11 May 2020 - Now uses 2 week rolling data for finer granularity (while balancing TradingView...
It's following the idea posted in the attached chart where I looked into how BTC tends to dump out near its halving date and then recovers a few weeks later. I did a spreadsheet a while back looking at its past post-halving dump and recovery paths and the green vertical box area is where I expect it to make a good dollar cost average buying region. Previously...
Hi friends hope you are well. Today I'll show you the most significant move by the Bitcoin that can lead it to hit 300K. But before that I would like to show you some developments on the small time charts because these moves are interconnected with the biggest move that I'm expecting in the next one or two years. The bull flags on daily chart: As in my last...
we've been parabolic for 6 weeks... if we stay in the orange we'll be at ~11k by halving, possibly as early as tonight. Critical decision in the next day or 2... either we continue parabolic or we continue the linear roadmap or we break down and reject off of the 3 year upper resistance. if you're not long with tight stop losses, might want to get there.
After yesterday's rise, bitcoin is floating near range high at $9400. For shorts - $9400 level looks like a good place to place asks, but considering the price is holding well and multiple tests of this level, I wouldn't short from here. For longs - $9100 looks like a good level for crazy fast long scalps. Less risky - $8550 area as previously mentioned, but...
Currently Digibyte has been having a very healthy Run, I am now discussing options and beginning to short some of my trades. -- Digibyte may in fact be a large player after the bitcoin halvening and has come to be a coin I will definitely be keeping an eye on. I believe we will not pass the previous wave and will begin to correct down to a sober 90Sats, with a...
Quick update on BTC. We are currently sitting on the 38.2% fib retracement from the 2018 highs, this area also coincides with overhead resistance in the form of an expanding wedge (i.e. the trend lines are like an inside out typical wedge pattern). Should we get a strong weekly close above this area of resistance then the next major target would be the 50%...
As we are approaching the halvening, the lowering of corona lockdowns around the world and another FOMC meeting today, we can see some movements in the Crypto markets, while traditional indices are still calm. Bitcoin and Ethereum going moon The bullish case: We now have a nice breakout above the 0.618 Fibonacci retracement and this 'moving average cluster'...