With more than 250% growth in 2020, there is no denying that Bitcoin experienced an outstanding year. However, the best is yet to come!
Bitcoin in 2020
The year started with a strong uptrend of around 45% in 45 days. It is important to note that this followed a 50% correction from $14,000 to $7,000 and then a short consolidation period.
During March’s...
Looks like the .618 to .65 trend extension is coming in at 13500 to 13750. If it hits a more shallow .50 fib it could only retrace to 15000. I expect this distribution to continue until the spring where we eventually find a fair value and continue up. It will be interesting to see how fast this process takes place. It would not surprise me if we got a fast bottom...
Bitcoin had one of its most phenomenal years in 2017 when the coin reached $19,500 for the first time. It took BTC three years to reach that price level once again. A good number of people are now wondering if this will play out similarly to 2017. However, based on the data, we will head significantly higher this year!
YTD Growth
In 2017 we experienced an...
The current price is not a bad entry, 18600 or 18500 since It has not fallen out of bollinger bands and probably wont even fall below the middle of the bands, so at most there can be a bit of retrace of this weekend to 18500 ... 18400 , 18300 a gift ...
Then on early Monday with insitutions resumimg interest in BTC then it will probably breakout to test 2018 ATH...
Here are the basic principles that I found in identifying and confirming this is indeed a reversal:
1. IDEAL HEAD AND SHOULDER PATTERN
- An ideal head and shoulder pattern consists of lower high (LH) and lower low (LL).
2. Support and Resistance
- Many people like me are anticipating the next "BUY ZONE" will be around the psychological support of $9,000....
Dear traders,
First of all a happy new year and the best whishes for 2020. This wil be BITCOIN decenium.
Bitcoin did not gain the 7.5k level again. This means in my eyes that we are going below 7k again.
And this time i think we dont hold the 6.4k level. It is very unlikely that we get a higher low because the buy intrest is below 6.4k
and i dont think...
Bulls and bears welcome !
Just a new updated reference to those who wanted a chart since 2013.
The mining block reward on bitcoin cuts 50 percent every 4 years.
50 to 25 Block reward 2012
25 to 12.5 block reward 2016
12.5 to 6.25 block reward 2020
I am not a financial adviser. This is a long term chart of bitcoin, I included include the 2014-2015 bear...
