Get started

Bitcoincrash

Bitcoin Bottom Might Be $6,883This is a chart of the Natural Log of the YOY Running ROI of BTCUSD/SPX: Ln The pattern formed is striking in that the tops and bottoms both form perfectly linear patterns going back to the creation of Bitcoin. Using the same steep slope this indicator had at the end of the last 2 cycles indicates a value of -2.07 at the end of this cycle, if the pattern holds perfectly. Assuming the SPX stays constant at 3,900, Bitcoin would need to drop to $6,883.69 for the value to equal -2.07. Alternatively, if Bitcoin were to remain constant at $17,000, the SPX would need to raise to $9,631.56. TLDR: FOR THIS PATTERN TO CONTINUE, BTCUSD WOULD NEED TO BOTTOM AT $6,883 (GIVEN A CONSTANT VALUE FOR THE SPX)
INDEX:BTCUSD
by MarkLefevre
BTC/USDT In Freefall - $14K Incoming? 📉🚨Wow... What a crazy past few days in crypto with Binance and CZ gobbling up FTX. This along with insolvency rumors not just at FTX, but other large exchanges is causing a serious meltdown across all cryptocurrencies. ❌ Looking at the Bitcoin 8H chart, we see that we just crashed through a major support zone. This goes in tandem with our mid-term thesis that Bitcoin is in for more pain. 🤝 We're looking for a local bottom around $14-16K. Still a volatile week ahead with CPI and elections finishing up. Stay safe and eyes peeled! 👀
Short
by QuantVue
1