In May 2014 after the bubble burst, bitcoin had a 65% rally and broke through the Weekly 20MA and it had it's first uptick since the pop. Everyone rejoiced, called the end of the bear market, and everything was just magnificent.
Does this look familiar?
The 2014 pump and the current pump we are in the midst of look remarkably alike which very simply point to...
Thumbs up and follow me
Long-term perspective Bitcoin
If patterns are repetitive or at least similar, then the course could be predetermined in the next few months.
As a rule, humans try to draw on the past and the present and look for the future, and that is exactly what I am trying to do with the logarithmic BraveNewCoin Liquid Index for Bitcoin because it...
Welcome to advanced Tothemoon analysis!
Well I did something) The estimated Tothemoon model.
This is an example of how you can use the fundamental Bitcoin metrics along with simple proportions and drawings. And without any H&S, gartleys and butterflies. Okay, I'll tell you briefly what I've done.
1) Cost per Transaction ($/Tx, miners revenue divided...
I´ve spend many days watching the Bitcoin tickers at many timeframes for many years and I realized this is the ultimate chart with important trendlines / gread & fear (based on RSI) / halvening setup which seems to be respected for many years & in my opinion from long tern perspective investing this Weekly chart is most important history based...
Some sick stuff is going on here....
Playing with timing of BTC up/down the past few years, it looks suspiciously rythmic.
I added 2 sine lines, one half the length of the other one. When they have crossed, they have timed perfectly both sell signals and buy signals - over a 8 year period.
This is pretty strange to me.
Also the Moving averages cross timing...
This gets more clear in weekly. Bitcoin has pierced through the Golden Ratio strongly. It has to defend this Zone of Demand as support after this claim. Otherwise, this move will become Distribution and a Bull-Trap Scenario happens. After all these, the long entry occurs.
Please let me know if you have any...
Just some aggregation of Fundamentals and Technicals:
- Market stages - Bull Market, Bear Market, Consolidation+Reconsolidation
- Halvings and it's impact to launch of new bull market
- Growth drivers at every timeframe (who drives the bull run). Current cycle "tothemoon" fuel should be institutional investors and banks
Bitcoin is finally showing some sign of strength. BTC broke the Trading Range upwards, but also more fuel is now waiting in there for it. So, a touch to Trading Range and a daily close above 8400, will sign more uptrend. Time to long is near, no need to FOMO right now. Play this volatility wisely.
Looking at BTC dominance, there is a HUGE upside down Head and Shoulders that in case of break up it will bring BITCOIN dominance back to 2016 levels or about 85%-90%.
In a way it makes sense since every time BTC drops a little ALTS drops a lot, and it seems that at the moment BTC is due to a correction.
Only for entertaining purposes
Let me know what you...
Trading crypto you need to look at 3 (actually 4) charts:
* The alt you are interested in (skip this step if you only are interested in Bitcoin)
* The Bitcoin chart (a mix of several exchanges is necessary to smooth it imo)
* The crypto market cap chart (the one on trading view is a little different from the coinmarketcap one so make sure to check both)