Bitcoin Halving :
New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the reward halves is called a "halving".
In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50...
This chart illustrates long term extrapolation of the log chart trend for Bitcoin, with key Arc trends which could hold a clue to the near term future and longer term trend.
In Summary there has been 4 periods of 'mean' bullish growth / consolidation in the lower arc range with one period of hype and one period of bear market.
Based on this historical trend, any...
PennyBags is back from his enlightenment trip in Singapore and is ready to give you the low down on the Bitcoin Market.
The bull is in full affect here on the 1D chart and has been since April 28th (the day price crossed the 200 Day SMA circled in red on the chart). This cross has been a strong trend indicator in the past as you can see on the chart, signaling...
Here we dissect a very debatable and uncommon technical pattern: the Diamond Pattern. The Diamond Pattern is essentially what it means, a diamond shaped pattern that is seen visually within the price action. A diamond pattern is usually created within the charts when we see an extreme high and a quick sell off due to the uncertainty between both the bulls and...
Hello Traders! First of all, thank you so much for the support! Our community is growing ever so fast because of you guys!
Here, I would like to dissect the bullish perspective. In my previous post, I did a complete rundown of a bearish scenario, but here, I would like to present a bullish case. Here is the previous analysis on my bearish case:
Today we would like to talk about one of the most important support lines for Bitcoin - the 20 Moving Average (MA). The 20MA has acted as major support in the past during the history of all the bull runs currently observed. We have had at least five different instances that took place in 2016 and 2017 where Bitcoin price collapsed back to the...
Broadening Descending Wedge/Bump and Run bottom.
Reach 0.1272 Fib and head and shoulder rejection.
Fall. Flag. Fall.
While making yet another Broadening Descending Wedge/Bump and Run bottom.
This is pattern after pattern, and the time duration and patterns in a row, are the same.
We're in for a shocking October. But, buy the f*ing dip.
Bitcoin has witnessed a strong rise in price action over the past few days! And our previous analysis has been aligning perfectly with current sentiment. Just based on pure technicals, we still believe that there is room to grow, despite strong resistance in this area. We are seeing possible growth after a small correction/consolidation in these regions due to...
Hello Traders Welcome Back.
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Please consider to put a like to my idea...
BTC can be seeing a correction if this gravestone DOJI comes into play. This can be a possible opportunity for bears to take over the situation and drive price down to our major fib level at around $9,800, which lines almost perfectly with our previous CME gap that we mentioned at $9,700 USD.
We would like to make sure everyone know that a retrace to sub 10K...
I am back very quick with new bitcoin chart. In this I decided to explain various scenarios that could act and how we can tackle the situation.
Daily Chart :
From daily we can clearly say that the trend is extremely bullish however last candle is deceptive so from daily we can conclude that trend will result in...