Have you heard about former Coinbase CTO Balaji Srinivasan's ludicrous bet that Bitcoin will reach 1 million by June due to the banking crisis? That's almost as crazy as late John McAfee's (RIP) bet back in the days.
But let's get to the real question, how much "money" would it take for Bitcoin to reach such a valuation? Hmm...a pop quiz seems fun!
How much...
I’m just gonna leave this here. What you’re looking at is a bar pattern copy of a previous move bitcoin has made overlaid onto the current chart - One that just so happens to align nearly perfectly with the Fibonacci levels, from the last daily swing low, to the hypothetically soon-coming swing hight, which would put the upcoming 0.382 at around $23,421, the...
Hi
the idea that I have thought too much about it, how to read the chart in a simple way. then I have a way to make hypothetical indicators that could help you to study the movement of the chart and the market.
the chart is very simple, depending on the market cap and volume.
when we add the value of market cap or volume, the chart moves according to this value....
Keep an I on the possibility of this being an outcome for Chainlink. Even though it has been on a pure uptrend testing it's highs and lows and pushing forward. There is always another side to every success story. No matter what I believe, Chainlink will push through eventually. Keep an eye on resistance levels through the week. $27 specifically, if we find it...
ALGO with a symmetrical triangle breakout. I decided to mix it up and include some Elliot wave theory. It looks like the first impulse is over but the second impulse is just beginning. Mind you if it had the same market cap as ADA it'd be at $10.80 (at the time of this post)
Looks like we could be heading to the high 3's and maybe even break into the low 4's...
In this chart, I first projected an estimate for Bitcoin's 21-week and 21-day EMAs based on historic patterns. Next, I hypothesis that bitcoin squeezes between these 21 week and 21 day moving averages in early March due to the current momentum of the bull trend. Like always, we should consider all possibilities, so I plotted a hypothetical price (yellow dashed...
