Bitcoin will eventually hit $30 billion by the year 2064, according to my estimation. There is an enormous passion behind the blockchain technology. Many laugh, some underestimate and some enter. The ones who enter (for long, not short) will win. If one Bitcoin reaches $30 billion, its market cap will be $400 quadrillion which comes against the total amount of...
It is a possible long-term scenario for Altcoins. As we know, Crypto is made to enhance decentralization. Concerning the fact that when Bitcoin retraces, almost 99% of Altcoins follow it does not confirm its goals. Many of the Cryptos had completely different plans when Bitcoin started its winter. Unfortunately, some of them went bankrupt, some struggling, some...
This is what I could conclude from its chart. It may raise.
I am here to give you Bitcoin formula. No more explanation needed.
According to LSMA, we can assume that Bitcoin has ended the bear market. LSMA is a technical analysis tool that studies past market data, such as the price and trading volume, and uses it to predict the future direction of an asset’s price. I have put this indicator in 2 different bear markets' ends of 2015, 2019 and the current year 2022. 2015: The indicator...
According to invert chart of Bitcoin, I believe it is doing a Head and Shoulder pattern which can rise until the neck line (40-49K) at first. Then back to right shoulder at 31K and then continue to the trend at 68K. There is a logarithmic resistance (blue line) as well.
Come on Bitcoin! You can end your downtrend and bear market. We are waiting 👏👏
"Where is the Bottom" Has been asked since 2015 again and again
I expect 2 scenarios according to rainbow chart prior to halving. 1: White Line (similar to 2020 halving): Bitcoin can reach 50K in March 2023, then revisiting 31K in September 2023, again a bit up and down and rally starts by April 2024 when the price is near 50K. Bitcoin price will be 200K-400K by 2025 end. 2: Pink Line (similar to 2016 halving): Bitcoin can...
Looking into monthly returns of Bitcoin, we can figure out that October has been often a green month.
According to RAR chart, we can understand that whenever it reached the green zone at 90 or upper, it means the price is good to sell. And whenever the price reached the red zone at 10 or lower, it means the price is good to buy. Here we compare the current stance with 2 previous moves (in the updates section). As you see, the price has reached way below 10 in the...
Current BTC chart: Wedge. Make sure you do not fall into their bull trap. For now there is nothing good for a bullish move.
SELL now or at 11k 1: The ascending chart is broken 2: CPI was extremely negative 3: USDT.D formed a bullish chart
USDT.D is exactly doing same pattern. See arrows of 13 June, a freak breakdown and then rise, after 1 month, on 13 July, same. A fake breakdown and will RISE. First target is at 9.47% and second is at 11% or more.
BTC ascending chart is 100% broken. It stayed below the line. Breaking it upwards does NOT mean the chart is relived! It will not rise. Short towards 11K.
Bitcoin is at a very critical zone. See the two trendline. It can rise towards 22K (or more) if it acts by it, otherwise, it can go to 11K in case of breakdown.
There are various reasons why USDT.D will dump. 1st: It reached the critical resistence at 7.47% - 7.71% 2nd: It reached the mid term trendline resistance of the previous cycle to 8.10% at 7.67% now 3rd: It is staggeringly overbought for with 3 tries according to 1h RSI. Short to 6.96%