Following a clear breakout from the Ascending Triangle to 370 and with good support forming here, a gain of 240 points was made.
RSI is rising firmly (red) above the long term trend (yellow). A continuation of this trend until the overbought region will take us until end of April.
Volumes are rising steadily.
A mirrored gain of 240 takes us to a new revised...
BTC is at the following critical points:
1 @ Long Term (144) DEMA. A break below would not be a good signal.
2 @ Long Term Trend Base A break below would not be a good signal.
3 Long Term (144) Volume Average Levelling from rise - Indicative of Volatility Decline, Institutional HODL, Retail Trading, Awaiting News.
4 Long Term (144) RSI Peaks Declining, Troughs...
The chart pennant is a perfect 45 deg . The pennant's flagpole gave a 224 point gain which if mirrored will give 200% gain.
Why is this likely?
1 - Currently Binance's Smart Chain is outstripping Ethereum with it's miserable network state and fees.
2 - Binance (IMHO) are one of the most innovative, informative and trusted exchanges out there whose 'numbers' have...
In line with my previous we have another good flag formation (top right in the above chart).
(The lower two horizontal red & green lines above were the previous flag's S/R.)
There will be more flags to come.
Don't forget that at the moment the Satoshi is worthless but as an idea of what could be (maybe by the time the last BTC is mined) - IF 1 Satoshi was valued...
Last time BTC hit the 40's it faced strong resistance from the Bulls, see volumes. Long term I am elated at BTC's process but for the time being the scene is looking good for a Double Top which could give an opportunity for shorter term traders.
I believe the above flag of victory will be one of many for Bitcoin's future. Why?
1 - In BTC's life, governmental, institutional and the general public's perception of BTC, has gone from the untrusted and unknown to the trusted and known. Do not under estimate this trust - See next point.
2 - BTC has already made it as the only globally trusted and used digital...
I feel the Satoshi (Sat) is often forgotten about and think it's vital in valuing Bitcoin. Why?
First a small recap:
Bitcoin is a currency.
1 BTC = Sat 100,000,000
Total Possible BTC = 21,000,000 (Due about 2140)
Current Mined BTC = 18,750,000 (approx.)
Current BTC Price = $40,604.36
Current Sat Price = $0.00004060436
Take a look at the Sat price: $0.00004 ......
I've updated the chart from my previous idea to replace the skewed parabolas with true parabolas. This has revised the target to $90,000 in September. Personally I prefer the "life's" approach of $52,000 on 15th August in my previous as this seems more realistic but hey ho (it's xmas!) - That's the chart. :)
It's good to see 'price wise' that the parabolas are...
Since the beginning of time The Universe has been expanding at a Parabolic rate.
Everything within The Universe is either in a State of Expansion or Decline, both of which are Parabolic in nature.
Parabolas can be applied to anything that changes: Rate of expansion or decline, population (the higher it is the greater the growth and of course visa versa),...
I like how on the daily chart follows the parabola curve in all trend, support and resistance.
With BTC supply diminishing, Global Fiat economies in a declining mess, technology advancing into space (soon to be colonised), increasing global institutional interest, increasing global use of blockchain technology, increasing public awareness, increasing adoption and...