follow_bitcoin

follow_bitcoin

Impressive correlation between #bitcoin and US inflation rate. Visually appears clearly on the log chart. Inflation is now very close to a high (since 2010) and #bitcoin is also very close to it's own ATH. I am still analysing this connection & will publish more info soon

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Expect a quick retracement, before forging ahead and breaking a new ATH for bitcoin in the next month or two...

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The Last time that the MACD bullish crossed over on the weekly Bitcoin chart, the price exploded by 5.5x - it has now just been confirmed, expect the price to moon soon and don't fixate on the hourly / 15 minute candles! ....

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I believe bitcoin has a probability to retrace a bit until it touches the Red support line and later move towards the blue line which is a continuation of the present 2 standard deviation above the price, might target the 57.5k there, It is too early to tell if BTC will attack the ATH once again, but once we arrive at 57.5k we can check out the onchain analytics...

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Bitcoin will retrace lower to the last resistance level registered, bounce on that level and later moon!

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Why complicate matters? Trading is easier when you have a clear picture. No need for a thousand lines drawn on the chart, no need for multi-colors, no need for circles or triangles! ... just a good old resistance and support levels. Once these are crossed just redraw for your next trading strategy....

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A few days ago Amazon announces it is interested in Crypto (not bitcoin per se) crypto market starts going up, sentiment changes. China doesn't like it... this morning's headline - "China could ban ownership of BTC" ... oh my!!! It's the Chinese government who is manipulating BTC price in my opinion otherwise it would have already gone to a 100k. But now that...

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If anyone thought that bitcoin would surpass the 40k mark at one go he/she was very wrong. Bitcoin could have never surpassed that amount so quickly without a retrace first. 40k at the moment is a massive psychological barrier. The retrace in itself right now is actually healthy. Don't say that bitcoin is now bearish. Anyone saying so has zero idea about technical...

follow_bitcoin Updated 

This indicator measures how 'overheated' the bitcoin price is by comparing the slope of two multiples related to the closing price. This indicator manages to identify each top in each halving (4 year) period for bitcoin. The indicator shows bitcoin reached the ATH for that halving period when it reaches above '0'. This indicator is showing that there is some...

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Very good price action on the daily chart for #bitcoin - registering higher highs, higher lows, 63k - 67k coming soon. - Technical Analysis at it's best - We are still in a bullish scenario. My trading plan involves selling when we reach the higher high temporary top and buying back in at around 30% below. So far this year it has been going great. Next stop...

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The Pi Cycle Top Indicator has historically been effective in picking out the timing of market cycle highs to within 3 days & has a 100% track record. It shows the top is reached when the orange line (350DMA x 2) crosses over the green (111DMA). My recommendation is that for now you should not use leveraged positions for your trading and just be cautious,...

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This is how I trade bitcoin - I use a MACD indicator with different settings - 11,26,14 - I backtested these & they provide best return. No need for many indicators they only add confusion! Buy when MACD crosses over, sell when MACD crosses under! simple, providing a great rate of return, much better than HODLING actually!

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I have been using this indicator for a number of years and helped me make great decisions. It works only for Bitcoin and has been backtested for it on the 1 day chart only. I have made money when I bought when the price was close to the green line and sold when the price was above or nearing the red line. This is for long term traders and not for day-traders. ...

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Bitcoin just reached a record 156 million TH/s. Most hash power is coming from China, where energy is cheap, however most miners have to relocate from one area to the other due to the rainy season and their relocation started a few weeks ago. This now means that probably the relocation is complete and the hash rate is reaching very high levels. The hash rate is...

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A few days ago I spoke about a barely known, quite mysterious indicator, I managed to identify it as the piCycle indicator, developed by Philip Swift. This indicator is now showing that Bitcoin's ATH during 2021 hasn't been reached yet and there might be more upside before it is reached. This indicator managed to identify exactly the precise moment the top was...

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A barely known, quite mysterious indicator is showing that Bitcoin's ATH during 2021 hasn't been reached yet and there might be more upside before it is reached. This indicator managed to identify exactly the precise moment the top was reached during 2017. This indicator was not invented by me, credit goes to Philip Swift. When the orange line (111DMA) crosses...

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This is the projected silver trajectory for the coming weeks, thanks to the fomo (fear of missing out) factor being cause by the reddit/wallstreetbets. The first major trendline will be broken the first time but then the second trend line will not break at first, revert slightly lower and then will rise up to the all time high achieved in 2011 and beyond. Happy trading

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Triple bounce on the resistance line, will it bounce back or come crashing down?!