First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! Trend: Still bullish We believe the bear trend ended in December 2019. And if COVID didn’t happen, the bull trend starting point would have been the 7k range last year. Miner capitulation and on-chain volume cycles are two of...
Our view remains bullish with key zones of interest at 10k and 12k. Fundamentals still indicate a bullish trend, and below are some key changes since the last update: - (Slight bearish) On-chain volume level did decrease to the level which started this bull run. If the on-chain volume doesn’t recovery soon, caution is needed. - (Bullish) We’ve seen bullish...
First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! Summary: We think BTC will likely fluctuate within the 9k – 10.5k range this coming week. The fundamentals are looking more bullish compared to last week. From the technical analysis perspective, we believe we are at key...
What would happen if COVID-19 Hits again? If COVID-19 has another outbreak, we think we’ll go through the similar three phases the market went through since mid-February. Phase 1: Denial Phase 2: Fear & Market over-reaction Phase 3: Recovery However, we do believe the market impact would be smaller this time around. Some countries are still experiencing a...
Short Answer: - For significant SPX drops: BTC will likely follow - For smaller SPX corrections: BTC might not Long Answer: There are currently two types of BTC holders – the believers and the speculators: - Believers (50%+ of market*): believe in BTC’s long-term potentials and most are not affected by market actions. - Speculators (50%- of market*): Affected...
With fundamentals still looking solid, we think it’s a good opportunity to enter a short-term trade or simply accumulate a portion into the long-term portfolio. Technicals: 1. RSI key support & hidden bullish divergence 2. Bottom of channel 3. We’ve broken and dropped back to key resistance1 since a year ago 4. Tight stop loss -> good risk reward...
Even though we do believe BTC has already bottomed out and the 3k marked the starting point of the current BTC bull cycle, we do want to point out the overly long sentiment in the market right now and the increasing risk of a long squeeze. With the Plus Token scam still having an estimated 50k – 70k BTC needing to distribute to the market, we are still facing...
Takeaway for Investors: Dollar cost averaging during the coming weeks has great risk-reward setups. Takeaway for Traders: The true bottom is closing up, and once we turn to the bull side, price will move quickly. Be ready when that break-out happens and execute with determination. (Eg. without proper mental preparation/discipline, it would be tough to catch...
Bitcoin is finally finding support from the transaction volume (a.k.a. BTC’s “corporate earning”) perspective. This is great news for long-term investors. What’s BTC transaction volume? It is the volume of transactions recorded on the BTC blockchain. This measures BTC’s payment utility value, store of value, and part of the speculative value when new users come...
Hello Everyone! It looks like bulls wake up from a long winter sleep and market prepares for hot summer growth. There were 4 scenarios in our last global Bitcoin price movement analysis. The coin followed 4th scenario and it was a very depressed and long journey. The 4th scenario is fully finished now and the price bounced from the bottom, indicators and...