The third ever halving took place on May 11 in the Bitcoin network on block #630000. The specified block, the award for which amounted to 6.25 BTC, at 19:23 GMT got the AntPool pool. Halving is a halving of the miners' reward for adding a new block to the block. Satoshi Nakamoto programmed halving in the bitcoin network every 210 thousand blocks, i.e. once in 4...
You can see this is a very long play. My Short from $10355 was very successful and I closed most of it at 5000% ROE on Bitmex. (In the Summer of 2019, 99% of the people I know told me this chart is impossible- but the 1% of the people I knew told me there would have to be something massive to create the necessary fud to cause such a crash. Covid fud happened and...
Breakthrough of bearish trend over the last two days. There was a successful retest of support @ 9400. I'm entering a little long here, but the target is the same nonetheless.
1. Strong bearish divergence on 3D stoch 2 Reversal on 3D stoch 3. Reversal on weekly stoch 4. Decreasing volume as we approach 10500 5. Strong resistance @ 10500. Not just the yellow resistance line, but also a bearish trend line that exists from 2018... 6. Liquidity at lower levels, such as 8000, on VPVR indicator 7. Bearish Doji candle (long wick, small body)...
Summer 2020 forecast. Retrace to 0.382 for Wave E of the horizontal correction stemming from the Crash of 2018. After the dump we ride the pump
On the left is the entire history of Bitcoin. Overlaid is a 5 wave Elliott Wave impulse. It is bullish, obviously. I will clearly define each wave of the 5 wave impulse, and hypothesize about what lies ahead. Wave 1: 2011-2013, the first bull run in Bitcoin’s history Wave 2: 2013-2015, the first bear market that acted as accumulation for the massive Wave...
Bitcoin's 2020 halving is upon us. Let's watch as all other cryptos ride it's wave. While someone will fail to keep up, I think Ethereum is going to stick to it pretty closely. Here are some promising looking arrows that point down and up :D Could be a triangle, I don't f**king know LOL. I believe in Ethereum's blockchain technology. Watch the dip and profit on...
Here a possible halving path, we are at the end of this triangle (9940 / 9450 range) where we can repeat last path and skyrocket to 10245, where we encounter first perfect sell zone. We have a rebuy zone in area 9980 / 9860 and then we can go up another time; this is not butterfly effect but halving effect!
On the 4-hour chart, we see an uptrend that started yesterday with $9,000. At the moment there are no reversal signals, we touched the resistance zone from above - $9,800 - $10,100. The local resistance zone below is the price - $9,300. Our yesterday's review of the daily bitcoin market indicated the possibility of forming an upward trend, with a consolidation at...
1. 4H & 12H stoch confluence. Reset emerging. 2. 4H stoch has strong bearish divergence 3. Liquidity @ 9350 on VPVR (yellow & blue indicator on the right side of the screen) 4. Top of Ichimoku cloud support @ 9350 as well 5. Long wick at local high shows failing support of upward price movement. Target 1: 9350 Target 2: 8880 (not confident this will hit just yet)
This is a huge blow up of the Daily on Bitstamp.. go to your charts and see, and back-test all 3 GOLDEN CROSSES Now in process of playing out now! All are still Valid Golden Crosses in Play at the same time!! The 12HR, 1DAY, AND 2DAY. Using the 55EMA crossing up over the 200EMA.. usually comes back and tests the 50EMA or the 21EMA and Blast-off
1. 1H stoch reversal 2. 4H stoch reversal & bearish divergence 3. Liquidity @ 9090 on VPVR indicator (yellow & blue histogram to the right) 4. Orange bullish trend line broken @ 9300 Short to liquidity @ 9090
Good luck no coiners and bears, you will need it. This will be the greatest correction in history. Correct the price to 16k, and demand & fomo will take it from there.
Because of the halving, the cost of mining has gone up significantly from around 6500 to around 12 - 15k. This will ultimately drive up the price of bitcoin during the next couple of weeks and months. This is a daily Chart - Long term position/Hodl
Here's an update on my Related Idea: If the trends during Bitcoin's previous halvings tell anything, it's in the ~12 months following, Bitcoin prices experience a rapid bullish cycle. This cycle seems to proceed after a dip. I'm guessing this is a good place to accumulate more. This is all a guess. Let's be real, the halvings only happened twice. It's not enough...
Bitcoin Controlled Supply Bitcoin are “minted” during the creation of each block at a fixed and diminishing rate. Each block, generated on average every 10 minutes, contains entirely new bitcoin, created from nothing. Every 210,000 blocks, or approximately every four years, the currency issuance rate is decreased by 50%. For the first four years of operation of...
Good morning, everyone. How the halving works A quick recap, just so we understand what has fundamentally happened to BTC this week -- After every 210,000 blocks mined, or roughly every four years, the reward given to Bitcoin miners for processing transactions is cut in half. That means the rate at which new Bitcoin is released into circulation is reduced by...