Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The cryptocurrency was invented in...
this is the case not impossible!
Again, it's not that difficult.
BTC has risen continuously from its birth 2008 to 2021. This is the first major correction.
You should remember that the price of oil can be <0$, in the financial market nothing is impossible!
Be careful and have a plan in place with your account
This idea works for both shorting to the bottom, and longing from the bottom into a 3 year bull cycle - as seen in previous BTC 4 year cycles.
PREVIOUS TARGET : My 2020 BTC top time frame prediction was 2 weeks from the absolute top, and my target missed by 8000 in terms of price (78k lower end target vs 70k realized). That said I did take a lot of profits...
Market cycle study through sinewave suggests the following:
Bull market are long as one full wave length: Lambda (peak to peak)
Bear market lasts Lambda/2
Accumulation lasts Lambda/2
Currently in accumulation phase.
Note:
Sinewave peaks overlap monthly macd histogram peaks
While BTC has dipped back down recently, we are still very much on track. In fact, we are still fairly far ahead with regards to our "fair value" logarithmic regression support band, fit to "non-bubble" data.
This market cycle will likely be a long one, so buckle up for the journey, and maybe one day BTC will flirt with the upper "peak" logarithmic regression...
Hello Traders. Here we dissect the past, current, and potential future growth of Bitcoin . I am uploading this chart because there seems to be an influx of charts predicting that Bitcoin is going straight to $100,000 by EOY, which is viable. This chart is showing a possible realistic case for Bitcoin , every phase of the way divided by each Bitcoin halving for an...
I thought it was time to make a longterm chart, with all these wrong charts going around, hehe.
They are wrong because bitcoins support and resistance lines are NOT linear in the logarithmic chart.
I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue...
Just eyeballing it, looks like the BTC price spends most of the time in the lowest band of the rainbow. The rest of the time it is transitioning by either escaping from it and going to the moon, or coming back to earth.
- i am posting this new chart like i did in 2018. ( i will link olders charts at the end of this post ).
- it's always more easy to predict a long term chart ( 1 Week TF ) Than a shorter timeframe ( 1 Day TF ), just because cryptos are hyper volatiles markets.
- Everything is in chart and very simple to read, this is imo the worthless scenario we could see.
-...
THEORY
- I never understood why most students needed to learn what a Log was until I've studied a BTC chart.
- A Log curve in simple term goes 0 to .99999999
- It never touches 1. It is infinite. Meaning it goes forever always getting closer to 1.
- My assumption is that BTC will become stable one day. It may take many more halving's for that to happen.
-...
So yes, BTC is apparently bullisher than I thought, at least short-term, because longterm I'm always a BTC uber bull :)
But short-term, I had several reasons to think that a weekly capitulation bar was very likely:
1. Too much bullishness and optimism (contrarian indicator)
2. Number of daily transactions still below ATH (although now finally approaching ATH...
Today I'm going to address my perspective on Bitcoin. I see this as a potentially life-changing opportunity for a lot of people, but I also understand that many people will simply overlook this opportunity. I'll talk about the overall macro structure of what I'm seeing for Bitcoin's cycle, the force behind this bearish price action, and the most logical and...
In this tutorial, I show you the basics of changing your chart's color theme, including how to save and recall it. I also show you how to change the color theme of your indicators as well as how to save your indicators as a template for easy recall any time you open a new chart. This two tips will save you endless hours and help you personalize your charting experience.
So I was thinking again, and it might be that my last idea here () was too simplified.
It seems the cycles are getting overproportionally longer.
Also, it seems that the tops are diminishing more than previously thought.
I take all cycles exactly from the previous halving days, except the very first cycle, starting day there is of course when BTC started trading...
I am a BTC bull, but I see far too many overly optimistic price projections on tradingview.
They seem to draw an exponential channel, instead of the current one, that is curved.
While of course it can be that BTC goes out of the current channel, and bursts through the upper resistance, thus reverting back to its original exponential trend,
I like to be more...
