#Bitcoin #Bitdharma @Bitdharma

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This fall is a Bear Trap.
Trade active:
Comment: There could be a month to get a price of 44k or similar. It is about to begin the rally, or at least the risk vs profit is to good to be true. But hey ! Bitcoin is to good to be true and still He is Real !

Fundamental: There is no much Bitcoins Left....

Comment: What to expect right now ?

Comment: Zoom out. Check our strong support is confirm by the blue channel on this chart:

Trade active: Here we Go!

Trade active:
Comment: Here we have a curious Pattern

Comment: This charts show how reversal is imminent, it could happend any moment.

T.A. tells that uptrend stop by triangle or lateral will continue uptrend, also the Bitcoin is like in the middle of the big channel, it has momentum to get to the resistance line of the channel.

Also, there is market manipulation, to get more Bitcoins cheaper, the big players has more information than us, but we have some... and this is fundamental:

- Bitcoin get from 10$ to 1000$ in one year when there was only 8 Million printed/created/on circulation, and 2,5 Million where printed in that time.

There was a fall to 100$ price, because the market was to young and not to many people adopted.

- By now the world knows Bitcoins are real, there is no scam, and they can use as money all around the globe. Internet Money, with everything on internet right now.

- There is much lets Bitcoins printed, and much more people want them.
The last year only 800k Bitcoins were printed, 1/3 of the Bitcoins printed from 2012 to 2013 the year we rise from 10$ to 1000$. 2018 we will print like 630k Bitcoins, 1/4 of the Bitcoin printed on 2012. So we have a potencial of no less than *100 of the price, if we repeat the history.

If we had the same speculation we could get from 6k to 600k $ in just one year, or more because of the amount printed by now. Im assuming that the same speculation would not happend again, there is to much players by now.

- The number of transactions was between 5k to 50k per day from 2012 to 2013,
by now we have 160k to 350k transactions per day, the global adoption is taking place.

- The numer of Bitcoins sended per day was about 300k by 2012, right now it is like 1M but there has been days in between with 20M transfered

This is about,00 USD per day.

Circulating Supply Chart:

Number of transactions per day:

Number of Bitcoins transfered per day:

Actual Financial System vs Bitcoin:

Bitcoin vs Visa Electrical Consumption:

Bitcoin on the road for all the transaction market:
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Hi FritzWagner, I hope you don't mind I share this info with you and your audience.

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Nice long term view Fritz thanks for sharing your idea!
+1 Reply
FritzWagner HodlCrypot
@HodlCrypot, Thanks! also if it breaks down to 4k i believe will do reversal.

Encyclopedia of Chart Patterns, Thomas N Bulkowski statistics:

Page 738, descending triangle statistics of a triangle shape with horizontal bottom and down sloping top. Breakout is upward. Volume trend: downward.

312 formations with up breakout 228 make a continuation.

561 formations with down breakout 377 make a reversal.

T.A. for Bitcoin: Uptrend continuation
+1 Reply
HodlCrypot FritzWagner
@FritzWagner, 4+++USD is a realistic reversal target looking at it at the moment.
FritzWagner HodlCrypot
@HodlCrypot, it is of course a possibility, but if im sure price will be more than 20k any time soon (less of one year) i think Long right now is not a bad idea

+1 Reply
HodlCrypot FritzWagner
@FritzWagner, Going long for the long term right now is definately not a mistake in my opinion, because I do believe we will far surpass the current price of 6k (70 percent decline) that we are trading in right now, simply looking at the price of where it was 3 years ago and where it probably will be at over 3 years it sounds allright (I'm mega bullish in the long term ill share my idea soon), but it goes against my principles to buy in when I got a target ready that is at least 25 percent cheaper than what it is today. Also the fact that being a bag holder while we are in a bear market is serious business and nothing is more serious than money. Nobody knows if it will take 3 months or 15 more months to consolidate the true trading area (real price) before making a parabolic move again. I think you got the single most important line like I mentioned previously (lower support black line in your graph). People who buy in in a bear market below half prices are allways the winners in the long term bullish markets. Laddering around below 5k is the current most advisable (the bottom wont be far from it) strategy but like I said laddering below 6k is not a mistake in the real long term where it doesn't matter buying in at 6k or 5k or 4k for that matter. Halving, then finding bottom, then refinding the halving, then a possible double top is the route that it will take most probably. I will wait for the confirmed bottom before I pour in all my equity. Until then I like to ride the waves with some equity and short term analysis and take little bits and pieces to increase equity. So I totaly agree with you, it's just a matter of at which period range you are looking at when you make a trade.
+1 Reply
FritzWagner HodlCrypot
@HodlCrypot, you are just right (y)
+1 Reply
Terminal shake out near $5900! Setting up for a huge bear trap.
+1 Reply
funny watching u get rekt like 50 times in a row, lemme know when you finally decide to short so I can open a long, thanks
+1 Reply
@tviewcrau, you just want to by blind and talk like you are a bully, thats fine for me. Advise: Review your self
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