If the market cap doesn't break down after touching bases with ~212 Billion i could see ~425 Billion by the end of the year.
Possibly an ALT season while BTC crashes, but that's unlikely as of now.
Watch for a break into the lower end of my Pitchfork projection.
Safe trading you guys.
*This should not be seen as an accurate depiction for Bitcoins future*
This is just me playing around with the charts/ what trends i could see as a possibility in either scenario.
Downward/ upward spikes could be more or less intense given the amount of volume that will be happening during said moves on the market.
Bitcoin "Should" be testing the downwards trend...
Simple and to the point.
1.Currently we are sitting within the $8000 range
2. 20 day moving average of $8120 is acting as strong resistance
3. Bearish sentiment has set in on the MACD and RSI
4. As of right now Next level of support is looking to be $7850
5. Failure to hold $7850 could see a further decline to the 50 day moving average of $5700
6. Possibly within...
Anemic price action after breakdown from >100 days of top consolidation.
No signs of reversal or even a bottom on Better SCMR (compare 3k bottom price action).
Price would need to climb above distribution order block (rectangle overhead) to continue uptrend. Very unlikely to happen anytime soon. More downside to come.
ROOOAR!! WOULD BE FINEST RISK TO REWARD RATIO!
I MARKED ENTRY PRICE ZONE AND DREW A SUGGESTION FOR A TIME PROJECTION AS WELL
I MAKE A SUGGESTION FOR A STOPPLOSS AND I HIGHLY RECOMMEND THAT YOU CALCULATE YOUR RISK PROPERLY:
THE MONEY YOU WOULD LOSE WHEN STOPPLOSS WILL BE HIT SHOULD NOT BE MORE THAN 1-2% OF YOUR WHOLE TRADING ACCOUNT.
HAVE FUN, LOVE WHAT YOU DO...
I don't follow BTT very much did a little charting, so take my analysis with a grain of salt.
Watch for a break between 3850-3820 today (or when ever it attempts to enter the lower end of my pitchfork.
If BTT finds support we may have a short move up until ~the 18th of this month.
Following the massive breakout from the descending triangle (caused by several big sells) we now face a possible channel with a possibility of retesting the $8050 marker , or correcting even further before resuming the upward trend.
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Hello everyone, my name is CombJelliesAreCool, lets get to brass tacks.
Lets start off with the red and green curves i have surrounding the entirety of the price action for BTC, i started off with the first high and low back in Oct 2010 and connected the green curve with every subsequent rally high and connected my red curve with every subsequent rally low. Doing...
The cash was exchanging at an estimation of $0.003981 at 15:24 UTC. The market capitalization of cash was $220,748,685 and the 24-hour volume of the money is $28,458,235. The money opened with a cost of $0.003860 and the shut at the estimation of $0.003999, the cash likewise encountered an expansion of 3.6% in the worth of Vechain.
On ninth August, the cash was...
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Typical 4Hr Bitcoin Chart. $BTC price is respecting quiet nicely the blue triangle, apart from this its following the trendline (red) drawn at bottom acting as 1st support before price might tests triangle base (blue color)if red support fails.
Its a descending triangle bearish, btc might jump bit above...
July 4th Action & CME Gaps to Fill
Just a few quick thoughts about our current situation... as always not financial advice, DYOR, etc!
I think the chart write up mostly speaks for itself. Still a few CME gaps to close one above us @ 11,500-12000. I suspect we may end up in this area tomorrow.
Then on the 4th of July when CME is close we gap down. There are...