#BTCUSD Update Again, boys, again... B U L L I S H Important Resistance Level/Confirmation of the overall via bula: Between 10220 - 10245 If we break that point, could open the doors to new highs, so, stay tuned to that level on #BITCOIN. I want to talk a bit about BAKKT. What is that weird thing? Created by ICE, this company is considered the world's...
Just a prediction of our next moves on the Crypto-Market down to 212B then... up to 450B? or... Death. Only time will tell My friends, safe trading.
Recently, the trading of an intercontinental exchange, Bakkt physically supported the futures of bitcoin. The backing is because it has noticed something of a slow start at the introduction. The first Bakkt/ICE futures contract changed hands at $10,115, minutes after the launch. The number of settlements in the first hour remained at just five...
I think we will drop very quickly catch the nvt uptrend line and go sideways untill 2020. look at history, tether manipulation brought this last run to 13k. the stage is set for bitcoin to drop and repeat !! buyers are burnt out, sellers are ready to start again at the bottom and Bakkt will want btc cheaper, why the low volume in bakkt? bitcoins to...
Quick short from the 4hr descending triangle breakdown at $9849 when it comes around again for the third time and anticipated today or tomorrow, probably after a final rejection from $10k. Target is the base of the support area at $9275 with a tight stop loss at $10,101 (2.56%), probably initially to liquidate some overleveraged longs. All short and long-term...
As we all know, the next futures CBOE will be expiring on the 27th of September. When the last futures expired (March 13th), We slowly started to see a rise in Bitcoin. Until, the 31st which started this bull run by 1 whale buying a copious amount of bitcoin. Suspicious. Anyways, I expect 1 of 2 things to happen. Either we dump to the abyss. and I mean low. That...
Are we seeing more downside on the Bitcoin Dominance? Looks like it but not 100% sure just yet. Would certainly start to see some interesting moves in the market if it was the case.
I'm not even sorry for the double pun in the title. Bears all over the place. Until a total shift in momentum I see bears all over. Good thing though, dominance in BTC is coming down.
BTC had a bearish chart for many past days and today it was even worse. But that wick down and up, that covered 600 USD in 30 minutes makes me think, that there might be a reversal of trend. More of a hope, as volume on bigger timeframe is still low and not enough to call the reversal. We need day chart to show some volume pump - then it will be it. After all,...
if we break downwards we are low on RSI and not in overbought imo i think we need to test over sold for a few weeks to bring back strong bulls. Twitter and youtubers those who have over hyped BAKKT must be scratching their heads?, its just another futures platform, yes settled in BTC but that BTC needs to be sold. i suppose we will soon see if the bakkt...
Heya my dear thriving community of hustlers and busters, traders and shillers, movers and shakers hope you are having a tremendous freaki'n day! I know I have been a bit of a beartard for the last 3 weeks and there have been very well justified reasons for it, however, I can not ignore the clear bullish signal which comes with the high timeframes. As you can...
Funny how there's going to be "repo" or "QE" until Oct 10th? Anyway, it's ironic how Jamie Dimon called Bitcoin a fraud, meanwhile 2 or 3 of his employees have just been charged under the RICO by the DOJ! Penalty total since 2000: $34,478,944,885! The roughly 52 Billion they just received during this repo is nearly 22% the market cap of JPM, and what is that...
Expect a lot of volatility the upcoming week especially with Bakkt launch on Monday. I'm pretty bullish, my target is 11300 within the next 10 days.
Today price back in symmetrical triangle and flat accumulation zone. All these moves are chop-chop to collect liquidity. Big capital slowly and partially flows into Alts. When the second impulse to $10.3k occured - Alts dropped. Smart money bought support - Stupid Money sold support and bought BTC. Double trouble? - Yes. Now these passengers hoping for BTC to pump...
Part 5: If Bitcoin Repeats History? I remind you of July 2017 descending triangle that completely overshot the measured target by around 12%. This is for all the traders who claim descending triangles never break to the downside in bull markets at the top of the trend. Bare in mind this was at the top of a full-blown bull market, after reaching a new ATH and...
Bitcoin 2012: Descending triangle breakdown to measured target of -20%. Price consolidated in a tight range between $4.21 to $5.30 after disbelief rally. 7 years later, Bitcoin 2019: Descending triangle with measured breakdown target of -32%. Repeating 2012 suggests a consolidation between $6,415 to $9,420 for 1 year. The time frames are very different, however...
In 2018 there was an accuracy within 0.25% ($16) of the measured breakdown of the descending triangle . The calculation equaled $3,145 (-48.2%) with the low arriving at $3,129. Based on the 2019 Daily descending triangle , the measured move of -32% takes the price to $6,410, give or take $16. If this Daily triangle is breached to the upside I will calculate the...