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...
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...
- The next bitcoin halving is expected to occur in April 2024, when the number of blocks hits 740,000. It will see the block reward fall from 6.25 to 3.125 bitcoins. - this is a different view of using Bollinger Bands, when Bands are drastically falling, Bullrun is starting. - i took as timelines the older bullruns. ( 21 bars - 25 bars ) - Take it easy, logic...
There is more than one way to skin a snake. Not only price can hurt you... Time can hurt you too! How about some up and down action for 3 to 5 years that goes no where? Like shacking the Jar and angering the ants so that they loose faith and confidence, so when the rally really actually starts they won't believe it! Maybe it got to easy to buy and hold for 2 to...
We are looking at a chart of bitcoins entire history against the stock to flow. The stock to flow is the orange line that price action tends to follow. The green line on the lower part of the chart with the what looks like speed bumps in is the deviation of the stock to flow. Well, the deviation in the past has made moves higher almost precisely the halving. Yet...
A usual correction before halving. Historically bitcoin does a (20-25 %) correction before every halving. Overall I am bullish on BTC and expect all time high in H1 of 2024.
Hi Investors/traders Today I'm looking at the 2 week chart of BTC on a line chart. We are comparing the bear markets with a bull flag out look. Although they are NOT technical bull flags they bare some similarities with the support and resistance areas along with false breakouts. We will go over false break outs and they usually mean and result in. There are...
This is the dip! If you wait, you might fomo at 50k. Fomo is a hell of a thing. Hash ribbons already printed a buy weeks back. NVT Is now preparing for the meal to come. The feast on FIAT will be glorious especially while the bears sit and watch. Not the Chicago Bears but the bear market blues drummers. They're going to starve this winter as the summer was not...
This isn't exactly a new idea, but an updated visualisation of what I think the bitcoin price will do in the next three years. It's been over a year since the peak at $69,000 and we're at the bottom of the power law corridor. It's reasonable to think that the bottom is in, or that we are close to the bottom, but that doesn't mean we are going straight to the moon...
Mid August 2015: Bitcoin's price fell 14% in a period of just 30 minutes following a 'flash crash' on exchange Bitfinex yesterday night. Let's hope CPI data tomorrow is more positive now that Russia is retreating and withdrawing. That'd be something. If all else fails, revisit dotcom Amazon fractal and great depression facebook fractal.
Hello traders! Hope this message finds you in high spirits! 🌟 We're here to share some analysis of Bitcoin price action. Guess what? Our charts are painting a pretty picture – Bitcoin is gearing up for a breakout from a nifty triangle shape on the 1-hour timeframe . 🚀 Now, who doesn't love a good breakout story? Keep your eyes on the prize because our...
Does this madness happen? And are we witnessing the peak of Bitcoin and its end forever?
Bitcoin made it to the measured move target at $45,800 which was followed by a massive 11% sell-off in the course of an hour. This is the second major sell-off at these levels in under a month. Is this the opportune time to short? How do we trade this? 🤔 We have several data points in favor of a short. We've completed a Measured Move, three legs up in a bull...
This rally could be a MASSIVE BULL TRAP. Lets hope BTC flexes out of the trend line to the 1.618FIB ($50k - $52k) Mark. - Retail FOMO: $32k (wave 4) - Massive FUD about crypto and markets tanking past/this week. (BULLISH) - The market has been in the dumps, and the bears have done their job, $10k BTC! (BULLISH) - $24k Retest (200MA) before the the BTC Halvening.
Today we want to share with you our observations and thoughts on how the total capitalization of the crypto market can grow in the future. You have probably already noticed that in all markets the history of market participants' behavior and, accordingly, asset prices is cyclical. The cryptocurrency market is no exception. Here is a global chart of the total...
There are numerous indicators screaming buy for the last 4 months. we are in the best buy zone of our time RIGHT NOW!!. The evidence is over whelming that the bottom is in!!! Why are you waiting? Why are you listening to the news? is it different this time? Not really. In previous history by the time the lower BLUE band flashed the CM ADX the bear market was...