derJessie

derJessie Updated 

Bull theory – Bottom is already in for Bitcoin INDEX:BTCUSD There are severeal technical indicators and measurements that suggest it could be. Firstly, the 50-week MA already crossed the 100-week MA. Each time this occured, the bottom was already in, both times as the weekly RSI dipped into oversold conditions. The price behavior has also been similar to the...

derJessie Updated 

INDEX:BTCUSD Bearish sentiment and fear in the market, therefore a less profitable possible forecast for the future. The crypto crowd had expected a parabolic top in Q4 2021, identical to the 2013 and 2017 bullrun highs. History repeats itself but it would be too easy and predictable for all market participants. A typical reason why exactly this will not...

derJessie

INDEX:BTCUSD According to this theory, based on the assumption we already had 3 cycles (2011 is one) we will not see a top for the fourth cycle in December or quarter 1 2022. Each date of the Bitcoin halving is important for the analysis, through which one can recognize a clear structure, since the strong bull run of psychological people buying behavior can...

derJessie

Chart from @TradingShot on Sep 20 I thought it might be a good time to look how Bitcoin (orange trend-line) has traded against two major economic assets of the macro sphere, the U.S. Dollar Index ( DXY ), illustrated in green and the U.S. 10 year bond yield ( US10Y ), illustrated in blue.