Hash rates may be bottoming here.
Obviously Craig Wrights court case is something to speculate on, but the case has been pushed out until mid this year ~June unless it is once again pushed out.
If evidence doesn't show that Craig is irrefutably Satoshi (Which is most likely the case) obviously that is bearish news.
However slight this chance may be, that he is...
Bitcoin hash rate rises to new all-time highs amid acute price consolidation and range trading.
Max Keiser believes that fiat money is losing power and Bitcoin is the ultimate winner.
Bitcoin price remains unchanged for the second day of trading this week. The stagnation has been its cup of tea for a few weeks now. However, the hash rate parameter of the...
The buy signal (in blue) has not yet appeared on the Daily time-frame, we are however close to getting our 4th buy signal in so many years after the bullish MA crossover of the Hash Ribbons shorter & longer SMAs (30 & 60) has occurred. See recent buy signals in past 4 years as well as the returns to current June 27th closing price price of $9,010. Hard not to be...
In nutshells, BTC is short-term bearish and mid-term and long-term bullish
The longer the BTC price stay away from 3.4k, the less likely the 3.4k will be revisited again. Three failed attempts at 10k have signaled the short-term bearish sentiment. Low volatility and volume in the past month could be the precursor to the big price movement.
Hi, everyone. We are back! Sorry for the long absence. We’ve spent the past few months developing some awesome on-chain indicators, which will be released soon. :)
For BTC, we are currently at a crucial state, with many attempts at the 10k mark. All fundamentals considered, we do believe it is only a matter of time for the break to the upside. However, looking at...
The falling wedge breakout was stopped by the grey-drawn triangle surrounding it. With this rejection the following is likely to happen:
BTC may come down a few hundred dollars to around 9150$ then catch support at the still reliable "Corona"-trendline.
This orange-drawn trendline is holding from march until today.
Additionally this price level aligns with the...
Did strong miners step up the hash rate?
Are the whales buying up the price?
🐋 Whales —
On Balance Volume is testing Resistance. A rejection here and price will most likely drop... but if it continues up, FOMO may kick in.
🐂 Traders —
Relative Strength Index makes a Hidden Bullish Divergence... during a Daily uptrend. This is very bullish.
⚒️ Miners —
Welcome to my daily market update (23/05/20):
• So after we closed that CME gap which I showed on my TG for the past few days, today I opened the 4h again and it looks very interesting, BTC is way to pressured from all over, and any break could mean a very heavy one.
- We formed a triangle (symmetrical), this means we might be consolidating for a few more days,...
Welcome to my daily market update (20/05/20):
I don't usually do 1h but this time decided to open it up to show the short-term trend as well...
- There is strong resistance line (yellow) which if we touch for the 6th time, most likely will break through with a spike towards the top ascending triangle (pink) which will also be overbought on 1h
Confluence of indicators had a Change of Character 👍🤪👎😬
💚 In the past, when BTC Hash Rate dropped to its 200 Day Moving Average + RSI Oversold 💁 + On Balance Volume was at Support 💁 = Excellent Buying Opportunity.
🔴 Currently, BTC Hash Rate dropped to its 200 Day Moving Average... BUT RSI Overbought and rejected at Resistance 🙅 + On Balance Volume Rejected at...
Hash Ribbon Buy
The Bitcoin Buy signal which occurs about once a year just fired.
Note: The halving is just 2 weeks away. Expect another signal within the next 3 months, like 2012 and 2016.
Historically this means that the next 30 days is a great time to accumulate more Bitcoin.
The hash ribbons indicator, which tracks the hash rate of Bitcoin, has just flashed a signal of recovery completed - buy!
This is a fundamental indicator and is not some MA bullshit. If you look at history, it was right every time.
Buy now and hold. Wait for 20k+ to sell.
$6,000s is the break even cost of mining Bitcoin. Will miners dump? According to Hash Ribbons 30/60 Day Crossover and Hash Rate dropping below 200 Day Signal Line... this looks uncomfortable. 😬 One scenario is that miners may have stopped supporting the network to save on electricity and will just HODL their coins up to the Halvening (cost of mining after that...
Multi-year logarithmic trend line... failed. But there is a massive Pitchfork of Hope .
Pivot point is a historical wick down from parabolic move, which set the median price of Bitcoin for the years ahead.
Will we Double Bottom? Maybe once the supply of sellers are exhausted and volume fades.
Watching BTC Hash Rate for the Buy Signal if it crosses above...