- When people ask me "what is bitcoin?"
- I tell them Bitcoin is a digital one world
currency created to counter inflation...
- As governments continue to print
more money Bitcoins deflation takes
the value of failing fiat currencies...
- BE IN BITCOIN FOR THE LONG HAUL.
En orange : un ligne de prix fort qui se transforme souvent en support/resistance selon la position du prix dans le canal. note : cette ligne n'a pas jouée son rôle au dernier passage.
Une cassure ou un rebond du canal est possible aujourd'hui ou demain. il faut attendre les confirmations
Using Gannzilla, take a ((high minus a low)/360)*4, then create a square of 9 chart starting at the low, with the result of the formula as the increment for each box.
Gannzilla does this for you, here is a guide on using...
BTC has been going up for 7 years. It is logical to think that he has made a great cycle wave, which corresponds to another large corrective wave, not only in price, but also in time.
One year is not enough, BTC should be at least 2 more years before seeing new ATH.
The halving of May / 2020 serves many to be sure that new ATH will be seen, but the markets do...
BTCUSD is currently in a 4+ year uptrend when looking at the log chart. Apart from the 2017 crash cycle, it has remained in it's trend channel. In fact, the crash cycle bottomed out on the low end of the trend channel when it completed at the end of 2018.
It would be foolish to pinpoint a long term estimate, but it is clear that BTCUSD is heading...
The Bad News:
Despite a majority of all other cryptocurrencies going up 2-10x the last couple months, XRP has seen minimal gains USD side. On the BTC side, ripple has gotten completely destroyed. Smashing yearly log support lines and sending XRPBTC in what seems a never ending bear cycle.
The Good News:
Looking at nearly every previous bull run, XRP has almost...
1. UK blocked no deal Brexit, Sterling boosted
2. US-China trade talk continued, was said to give China until 2025 to meet its commitment. Market continued being optimistic.
Rate: US rates continued to rise with 10-year yield climbed over 2.50% level, given that the market continued being optimistic about the outcome of US-China trade...