This chart shows the long term logarithmic price action for Bitcoin vs. USD, with some carefully drawn long term support and resistance lines that have tracked the ebbs and flows of Bitcoin over time. It also indicates the dates of the halvings, which have historically correlated with rises and falls in Bitcoin price as the supply of new Bitcoin coming to...
It's been clear we've been in a slow steady downtrend. We've been producing lower highs, and slightly lower lows which of course isn't a good sign for positive price action. To be honest we will be at these levels for weeks to come or even another couple months. This entire market has had a serious cooldown. The charts indicate we're pretty much on a steady path...
- At key support - Above inclining 200 day moving average - Elliot Wave looking ready to start wave 3 - Ready to break out above 1.8 range - Alogrand is seriously undervalued, 2nd largest market cap POS) - Faster and cheaper than ADA (number 1 market cap POS) - Easy Staking - Algorand governance program starting soon, demand for coins will be higher than...
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The new introduced COIN price of Coinbase Global Inc dropped suddenly. It was expected, that is what happens when insiders have been distributed lots of shares. Contrary to what people say, it is probably not linked to cryptocurrency volatility. Sometimes, the analysis is pretty simple. After the market introduction of COIN, the early holders have taken their...
This rally should start an uptrend EMA x SMA, 4H stoch bottom, Eth holding support, Btc consolidation, and SEC Btc ETF push back till summer along with inflation expectations and rate hike talks. Look to see more retail in Altcoins and Institutions horde btc as much as possible.
Orion protocol's calculator announcement and subsequent pump has resulted in us hitting some expected consolidation and what looks like a pretty clear rising wedge formation. In such a bullish market? This pattern could break upwards, but I'd bet that it's going to test the previous top of the pump wick at exactly $13.00 If I wasn't just accumulating and holding...
Just mapping out glimpses of some important past events and fundamentally mapping out what to possibly expect in the near future or even this year. This decade Bitcoin is on its way to becoming the global reserve asset of choice, Ethereum is becoming the second layer of the internet, Decentralized Finance will have massive global adoption, the dollar is...
S Curve bitcoin adoption. Demand doesn't have to grow anymore for price to continue exponential growth. Supply is diminishing at current demand. It's not unlikely that 2017 was a stunted cycle in the early phase of an S curve adoption cycle of this nascent technology. In this chart I am predicting a roughly $100 Trillion market cap by 2030. I believe with...
Bitcoin's future seems to have already unfolded on the Gold chart. A strikingly similar bullish structure & sentiment & with all the new money flowing into bitcoin & all the big players endorsing/adopting crypto, its only logical.
Cryptos have come to life recently as Bitcoin’s limited supply post-halving combines with a wave of blockchain adoption: Square , PayPal and now JPMorgan Chase . Ethereum’s been quieter since the summer, following a hard rally in July and August. But now it may be showing its own signs of life. The main thing standing out on the chart today is an apparent...
Bitcoin is 11 years old and is already changing the world of finance. I see Bitcoin reaching it's previous All Time High by March/April of 2021. If it happens sooner or later, that's fine. I'm confident this is only the beginning for Bitcoin. In July 2020, we finally broke out of that nasty bear trend going back to the high from December 2017. We retested that...
Here is an overview of the PI project looking at the daily chart. Year to date we have seen a lot more adoption and some serious price action as a result. PI is interestingly the 4th largest cryptocurrency by NUMBER OF USERS. This sets the playing field for large-scale adoption and we can see in the price range over the last 6 months a gain of over 30,000% from...
Using the Fourth of July low as a bottom (as opposed to the starting price), we see nice Fibonacci lines as well. Note that the chart has bounced several times at the $245.50 level, so expect to see tough resistance there on the way back up. If/when we eventually surpass our prior early peak, we could see prices up to $514.90 or even more optimistically $732.85....
Bitcoin has performed exceptionally well so far this year (and will continue to do so in the long run). You can see Bitcoin is up almost 40.5% for the year. From here we have two more key levels to break before we test the S2F model's price prediction. (Stock to flow) Paul Tudor Jones announced he was bullish on Bitcoin. The halving date is May 12, 2020. I...
Short and simple analysis in bullet points: - Bitcoin was forming lower lows after reaching a local high of 7400 (green circles on the charts); - It was heading to its key support levels - yellow line (key support from 2019) and Fib 61.8% probably due to S&P correction and potential stablecoins ban; - However, it gained enough momentum to finally brake the red...
Really loving this look right now.. Big bullish divergence on the daily time frame.. I truly believe in the technology that Ethereum has brought into the world.. However.. I do not like how we are approaching a long-term support and resistance zone.. I also do not feel comfortable with the volume.. I have a long-term holding position in Ethereum however if we...
NOVICE TRADER-------- Hello traders, I decided to try out a long term bullish idea since I am bullish on the halving, pending an unforeseen cataclysmic event... Live long and Profit. -ZM