An in depth analysis of Bitcoin shows that not only has its price increased with time, but its rate of increase has increased as well. The above chart demonstrates this analysis and comprises of two types of Bitcoin (BTC) rallies: Rally X and Rally Y. The former comprises of a period of 12 months and is an extended rally whereas the latter comprises of 6.5 months...
While we may have access to a data of more than 6 years, some analysts with a bearish bias base analyses on data from 2014 onwards. There are three categories of such analysts. One that comprises of permabears (permanent bears) who believe Bitcoin (BTC) is headed to zero. Another category comprises of opportunity bears (bears with vested interests) who want to...
The last few weeks have further increased my confidence in the Bitcoin rally up ahead. My previous target was $100,000 EOY. My revised price target is $130,000 for Bitcoin by the end of December 2018. My understanding is that this rally will most likely coincide with a stock market rally before things take a turn for a bear market in the beginning of 2019. All...
Consensus 2018 concluded with a lot of positive developments for the blockchain industry. The number of participants was higher than expected. Many crypto enthusiasts expected the enthusiasm to reflect in the price of Bitcoin (BTC) but on the very contrary, the price continued to fall. While one could come up with a plethora of reasons why the price did not...
Bitcoin (BTC) currently trades at $8,357 after falling to $8,100 levels which held firmly. The price is now looking bullish short term and might continue trading in the rising wedge for the next few weeks. It is possible that the price falls below the wedge close to $11,000 levels validating the stance of most analysts. While Consensus this year was attended by...
Consensus 2018 starts in less than 40 hours. The MACD looks golden for a bullish setup. This is the time to hoard Bitcoin and/or your favorite cryptocurrencies for the next 2 years. I've marked some targets for the next two years that I'm confident will be hit in the next two years. We could reach those levels in 2018 for all I know but I don't like predictions....
Bitcoin (BTC) dropped sharply in the last 24 hours as a strangled guppy was seen forming on the charts. This resulted in a quick move leading to a drop to $8500 level. It is no surprise that with a drop like this, the permabulls have gone silent and the bears can now be heard quite loudly with voices like, “This is the end of Bitcoin (BTC)” and “What if Bitcoin...
Bitcoin hitting resistant zone now it either break it or break down more likely to follow that path drawn buying area in green box around 5000 area Lets see what's gonna happen
Overnight, BTC had an amazing bounce off the trendline which formed from the recent 6.4k bottom. However the bounce at 8.8 was 4/5 steps for a Bearish Gartley pattern. The 5th step is a hit on the 1.272 fib level approximately at 9500. If we fail to break past $9500, and then break that upwards trendline, I would expect a C wave to be added to this recent Bitcoin...
Bitcoin (BTC) is down 6% for the day but this is fairly insignificant in the crypto world when you calculate how much it has been up in the last few days. Bitcoin (BTC) seems to be following an Adam and Eve Formation. The same pattern can also be seen in most altcoins because they mimic the moves of Bitcoin(BTC) but more aggressively, which means they go up hard...
Bitcoin (BTC) dominance is currently at 37.95% which is just 5.49% away from its all time low of 32.46% in June 2017. Bitcoin’s dominance of the total market cap of cryptocurrencies might continue to fall further in June 2018. This fall in market dominance of Bitcoin is directly linked to a rising interest in altcoins (which are cryptocurrencies other than...
In an interesting attempt to retest the downtrend line, Bitcoin shot up from near $8200 to $8500s in less than an hour. The chart above is based on the logarithmic scale for Bitcoin which has yet to be broken. A lot of new investors assume that we have already broken the downtrend line and Bitcoin is now in the clear but this is far from the truth. For volatile...
Falling wedge, volume increasing, almost crossing 50dma + universal wallet incoming this month! Weekly chart also looks great, might dip one last time before it breaks trough the downtrend.
We are close to the bottom, folks. This indecisive period will last for quite some time. Meanwhile, smart money will accumulate and prepare for the next bull run.
I'm finally convinced that permabulls and permabears exist in this market. There are some top traders who wait to see the first bullish sign and then they come blasting with their '"LONG" posts. There are others who are waiting for the first bearish sign and then they come blasting with their "SHORT" posts. I'm now more convinced than ever. I'm not sure yet if...
Disclaimer ***THIS IS NOT AN ADVICE, I AM NOT YOUR FINANCIAL ADVISER*** The triangle can't get any tighter than now, let's see which way it breaks, 4H macd says the probability of breaking upwards unlikely. I am trying to teach my students a lesson if this ends up going 'fake out' and then elevator down. Disclaimer ***THIS IS NOT AN ADVICE, I AM NOT YOUR...
Bitcoin (BTC) is down more than 70% from its all time high but many still anticipate further downside. If you think about it, this is no different than when Bitcoin (BTC) was at $19,000 and many still expected a bull run to the moon. It is easier to be criticized and called out when you are overly bullish in a bull market but people do not find being overly...