Bitcoin - CRYPTOCAP:BTC
- Fractals from the last two bull runs
- Current halving as a center date
- Highs and lows for perspective
- A broad area we could easily trade within
This is the first time we have left the curved area, we did this in the 2017 bull run too though
We are were we are and there is not need to panic or jump the gun, look ahead to next...
1W time frame
-
Every vertical dotted lines stand for halving timing, we call them "a cycle" between two lines.
Every cycles have similar trend, we can mark them with three colors as below.
(1) White range stand for Bull high to Bear second low
(2) Red range stand for Bull high to Bear low
(3) Green range stand for Bear low to Next halving
According to...
We can see this perfect group of rising channels that are the same width apart here on the btc log chart connecting our 2019 bottom to our current “alleged” market bottom, as well as connecting our 2018 top and our current top. I had to post an idea of this so I can see how these trendlines and channels continue to play pivotal roles against price action in the...
🎯 Today marks the 13th anniversary of an iconic moment in the history of Bitcoin. It was on this day, 13 years ago, that the creator of Bitcoin, Satoshi Nakamoto, updated the Bitcoin logo by embedding the symbol '₿' within a gold coin. This logo has since become synonymous with the world's first cryptocurrency and has become an iconic symbol of the digital...
Happy new year everyone, just for fun I thought we could take a look at BTC performance in the lead up and aftermath of New Year's Eve for the past 5 years.
There's definitely an interesting trend that the run up to New Year's Eve tends to see extremes of price. This year, although it might seem like a lifetime ago now BTCUSDT was at an All Time High of 69,000.00...
I called this next bull cycle awhile ago. History will repeat itself again. One bull run always dwarfs the last. We're in the next bull cycle. Right now we're just in a small correction, but the top is a long way up.
This is an updated version of my previous chart - some numbers refined, those in the future either explained or estimated.
Also, two indicators added that seem to be consistent in their signals - Pi Cycle Indicator and Puell Multiple, both by Look Into Bitcoin (available to their Patreon Subscribers, highly recommended - go to lookintobitcoin on the internet)
I'm not the first to create this chart, but in recreating it I got a real sense of the rhyme of Bitcoin repeating cycles, and it's a powerful thing!
Obviously, everything that "happens in 2021" is a guess right now, but if nothing else this will help me explain to my family why they should be long BTC until this theory breaks.
In 10 year history, This is the longest time Bitcoin has spent above the coveted $10,000 level.
With other major milestones like $1, $10, $100, $1,000 BITCOIN never retraced below it, When it stayed up 62+ days or more
Dear Crypto YouTubers:
To those who Say
"Bitcoin never saw a recession."
Oct 31, 2008: Bitcoin Launches.
DJIA then Fell 30%
over 4 months.
The recession ended
long after the market bottom.
It was Borne in Recession.
It was traded in Recession.
And Now You Know!
-- BitcoinMarketingDept.com
I was recently asked of my opinion on how I could possibly come up with a Papa Bear Projection Chart where the correction period takes over a year long - one that takes us well into next year, and into and over the next Bitcoin halving date of May 2020. I figured it would be easier to simply print a chart for reference.
A picture speaks a thousand words....
Some people believe that everything is repeated in a circle. If at the same time and similar condition something happened it should happen again under the similar condition and the similar time.
I might agree on that if we decide what we mean for condition.
Some people compare this end of the year with 2017 end of the year.
However many things have changed...
Good day fellow crypto participants,
looking at the past Bitcoin Bear-Market we can find many clues that could help us determine future price movements.
Of course, I doubt that history will exactly repeat itself but it can surely give us some good reference points.
So first let´s look at the RSI in 2014 where we made our first low at roughly the ~30 level...
As we see from the chart above, bitcoin has had many long term bear market.
The first bear/neutral market starting from end of 2013 and lasting till mid of 2015. That is a 650+ days of bear market!!!
But it was soon followed by slow bull market for next 500 days (about 17 months).
The observation here is solely based on the number of days/months bitcoin...
