The point of this chart is not to look at future peaks, although we will touch upon it. The point is to take a dive into the indicator called the BTC log regression {Rainbow Dark} that is based on the Fibonacci sequence and the possible transition to the lower band from the top band. Bitcoins entire history has been on the upper band of this log and in...
Bitcoin (BTC) experienced a notable pullback in the past week, sparking concerns among traders and investors. However, recent price action suggests a potential reversal is underway, offering opportunities for traders in the cryptocurrency market. Technical Analysis: Price Movement: BTC witnessed a retracement in its price over the past week, reaching key support...
1W RSI is hovering in an area that historically preceded huge ROI for long term buyers. It happened in Jan 2015, Dec 2018, Mar 2020. Well, indeed, few points down from here could even show a 20k BTC eventually. But I've been here don't we? Then how could we handle the top if this height is scary enough? 😘 KR
Manipulation is hidden this time. If you put your elliot wave count or even traditional ta you will find there is one more leg to go at least. So i expect a deflationary bust in 2023 inducting masses to buy the retest of the breakout.
Hello there, it's been a long time since I updated my @TradingView page. All of my prior market updates hit their targets, and the market is presently hovering at favorable buying positions for mid-term and long-term investors. It's still a risky zone to go all-in, but we may try a few entry for a fraction of our portfolio. I believe the crypto market will return...
I know, even in my chart, #BTC is in beartrend risk-zone. Still, i am bullish AF. Why? Beartrend risk-zone can indicate also a good buy moment, while the zone signalled often a trend change. If you check on-chain data, inflation and the rising of authoritarian states, i cant believe how cheap BTC still is. I know that, when majority of the people lost hope (i...
We need volume. Fast. But maybe it is just a trap.. But what if, if the big boys trade OTC, and they accumulating? Glassnode says so. Glassnode shows accumulating and shortage incoming! What you think?
Based on Geometric/Logarithmic drawing. Timeframes and Prices could be slightly different when including correct M2 or M3. - this is no Investment Advice #DYOR
Hi everyone! From a technical point of view, Bitcoin could be approaching the definitive medium-long term support area. If there will be the technical conditions, we will post new updates below NB: Analysis shown is on a logarithmic scale. Trade with care.... 💖 Support our idea with your Like & Comment , thank you! 💖
Here's a complete shot in the dark, dart at the dartboard, projection of what #bitcoin is going to be up to in the coming months with the previous BTC/USD chart trends.
This guy deserves to be there, considering all he did in defending tens of thousands back in the day.
Following a nice run early this year we have gone through a period of profit taking/distribution. The fundamentals creating the environment for such a nice run up haven't changed much, however there will be a new catalyst towards the end of this summer that will create an environment for a HUGE Bitcoin run above £100k. It's all going to be closely related with...
This idea is more of a message than an investment speculation. And a reset of my previous ideas with shitcoins reminding me of where I was. We need to learn from the past and put it behind us, looking to the future because our actions affect our future, not our past. Much has changed since my first experience with cryptocurrencies (early 18). Yes, it usually...
Looking in BINANCE:BTCUSDT past, the similarities between the 2015 and 2023 bear markets are both enlightening and cautionary. In 2015, we witnessed a rapid descent marked by pronounced long wicks on the weekly chart. Fast forward to 2023, the landscape has notably evolved. A standout pattern on the current chart is the flat top triangle, reminiscent of its...
A Brief Overview of Previous Bitcoin Halving & Its Effects on the Market Bitcoin halving is an event that occurs every four years and halves the reward for miners who successfully mine a new block. The Bitcoin protocol is heavily reliant on a concept known as mining. Mining is an essential part of the Bitcoin network and this is the process of verifying...
we're at the time in the market where we're going to find out if we've bottomed. Two options for the market here imo. See chart for blue vs red.
What is bitcoin halving? Bitcoin halving is a major event that occurs every four years on the Bitcoin network. It involves the reduction of the block reward that miners receive for adding new blocks of transactions to the blockchain. The block reward was initially set at 50 BTC when the Bitcoin network first launched, and it has been halved twice since then. The...
Bitcoin experiencing its tightest Weekly Bollinger Band Width squeeze since 2012. But before we dive into this, let's take a moment to get to know Bollinger Bands , which are a common tool in trading. These were created by John Bollinger back in the early 1980s to help us understand price volatility better. So, what makes up Bollinger Bands? If you'd like...