As a trend investor, I made my own S2F based on the trend of the pre-halving era, 1st and 2nd halving.
I added some baby curves that can cross the wicks.
Pre-halving era :
- Lasted more than 28 months.
- Made +15602.93% from $0.07 to $10.21 in 11 months
- Angle of 66°
1st halving :
- Lasted 44 months (x1.5714285714285714285714285714286 more than pre-halving...
I thought it was time to make a longterm chart, with all these wrong charts going around, hehe.
They are wrong because bitcoins support and resistance lines are NOT linear in the logarithmic chart.
I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue...
Hi dear XRP fellows, who are waiting for this coin to break out.
If we look at XRP's price history, we can clearly see the very strong correlation with BTC's price rises.
I think we are now where we were in late 2016.
XRPBTC then started rising, but as BTCUSD started nearing ATH levels at 1200 again, XRPBTC started declining again.
I think it will be the same...
This is an addition to the previous Zec idea .
In this idea, we expanded the transition channel and identified global targets.
If in the coming days the ZEC price cannot rise above $66 , then buyers' weakness will be confirmed.
In this case, a fall scenario with a lower target $43.6 will be activated .
If the price fixes above $66, we will expect the ZEC...
I am a BTC bull, but I see far too many overly optimistic price projections on tradingview.
They seem to draw an exponential channel, instead of the current one, that is curved.
While of course it can be that BTC goes out of the current channel, and bursts through the upper resistance, thus reverting back to its original exponential trend,
I like to be more...
Comparing this runup to the last one after the low in the 3k area, we see a very similar behavior until now.
If this continues, we should reach 20k sometime in late october, or mid November at the latest.
I suspect that we'll see a longer flat/sideways period, until we'll push towards new ATHs, above 20k, probably
in mid 2021. By late 2021, we should reach the...
Lucille has smashed XRP's face in from the previous long term growth channels. While I expect more downside, I still feel optimistic about BTC with the halving coming which had me thinking. At some point, when BTC runs, alt's will follow. Not all of them, as some are dying off, but what if the channel was incorrect. What if that Dec 2017/Jan 2018 blowout to $3...
This chart incorporates the Bitcoin's market cycles inside the parabolic shape factoring in the halving effect.
The halving has so far occurred after the bottom of each market cycle was made so based on that (next halving May 2020) the new bottom should take place inside this February - April.
What is even more important than that is the lengthening of each...
This is it ladies and gentlemen. The moment we've been waiting for since late 2017.
The multi year bullish flag is nearing the end.
The moment of decision has come. A possible cup and handle and strong buys could lead to BTC breaking the 3 year downtrend resistance line.
If that happens, then the next bull cycle officially begins.
It will lead to 20k this year,...
I think it's quite likely that we're going to revisit the MA200 one last time, as a final shakeout, before any kind of rally can start.
The stock market looks as if it want to commence a second dump wave, therefore, it's quite likely that btc will follow to some extent. However, it will not follow as strongly as last time, because
now, we are in post halving...
I've posted this chart as a Weekly Chart in the past, but for this purpose I changed it to Daily Read...with a 147 (Yellow) EMA which converts a Weekly EMA into a Daily EMA for Daily Chart.
Read the Notations
This chart shows where BTC was in 2016 relative to right now in 2020 ...after the Halving...24 weeks...BTC is currently closing the 24 week post 2020...
Production cost is about to double to $14,000.
70% above the current price.
Last halving, price was just 10% below Production cost, and Price & Hash Rate collapsed -20%.
Bitcoin Production Cost script just updated with the latest data:
- CBECI electrical data as at 11 May 2020
- Now uses 2 week rolling data for finer granularity (while balancing TradingView...
We impressively were shown just how strongly correlated bitcoin is with the global financial markets.
The hopes of many that BTC would be a safe haven and thus inversely correlated with the stockmarket, proved to be wrong.
This means, the next years will HIGHLY depend on what the global markets will do, and therefore how this pandemic will be resolved.
It is looking better and better for the emergence of a new rally, despite all odds.
Now, if the weekly candle closes above 10.5k this week, this will be a huge cofirmation, the one we need to be very sure that we will indeed see a giant new bullmarket.
This will culminate in hitting 20k still this year, and new all time highs by late 2020 or early 2021. 100k...
Here is my long term view on BTC. I will explain why my long term view will always be bullish and what we can expect from now.
Let's start with the halving itself. Every 210000 blocks (approximately every 4 years) the halving occurs. The block reward will be cut in the half. The current block reward is 12.5 bitcoins and will decrease to 6.25 bitcoins. This event...
I suspect that BTC's inability to break through 10k decisively means one further big dump towards the weekly MA200, currently sitting at around 6k.
BTC might complete the huge triangle since late 2017 by one last move down to the support line which coincides with the weekly MA200.
However, it could also surprise us and just break through 10k after all in the...
BTC / USD Trend. Price redrawing of the main BTC trend and, as a result, the upward channel. Halving. Important area. Fantastic scam of the century.
The maximum potential of the Lord’s ascending channel, if there is a breakdown and consolidation above the downtrend line of the secondary trend + $ 113,000.
Trend lines, ascending channel, important zones and price...
We can see in the monthly picture that the Bollinger bands are actually not really narrow enough yet.
This means that a big move is still a few months away.
If we look at 2015/16, then BBands were quite a lot narrower in the monthly.
It is therefore likely, that we will see the big moves coming later in 2020, possibly as late as early 2021.
But in which...