Check out the chart and the lyrics. This song could have been written about the Bitcoin
You don't know what's going on
You've been away for much too long
You can't come back and think you are still mine
You're out of touch, my baby
My poor old-fashioned baby
I said, baby, baby, baby, you're out of time
Just put this together to share with noobs. Nothing revolutionary here.
Thank you to Harold Christopher Burger, @filbfilb, PlanB, and /u/capriole_charles for providing research which has been the foundation of my perspective on Bitcoin.
If you are new to these concepts, read about these fundamental BTC concepts in the following 4 articles:
1. Bitcoin’s Natural...
Structurally we are still in a down trend, lower highs and lower lows. At this point, a higher low has to be put in and from there breaking previous highs (~$10k) OR we see reversal divergence which will confirm the shift in momentum as shown with the green lines from 2014.
TA (tech analysis):
we have seen a 90% recovery from the price drop...
Here is a a long term chart weekly of the gold futures to BLX ratio. I've been alerting people that gold was about to kill BTC for the last year. So what can you take away from this chart. 1. the trend has changed, if you cant see that you are in denial. 2. once we get past .3 ratio will will be entering a sustained uptrend in gold against BTC . 3. i have...
... Saving for personal analysis. According to dow theory a trend reversal starts when volume start declining and price move in LH and LL. BTC price made a new LL so it can be in his 3rd phase which calls Panic.
Saw this indicator on twitter used by Willywoo, looks good for testing tops. I say the long bullrun is slowing down as bear cycles are becoming slower in momentum (more prolonged) This could prove a test for BTC in the long run.
This indicator uses On chain Transactions and Total Bitcoins to arrive at an under/over valuation.
You need to change the scale to Log, i couldn't work out how to do it, if you can tell me i will update the script.
If this perception succeeds and it's supported by Gann methods as well, this level in the chart will be the next purchase area for the midterm - long term investment, God willing.
Good luck, dear colleagues.
As the new Bull Market progresses, Bitcoin has left few questions unanswered. One of those has to do with its historic tendency to touch the 0.17 Fibonacci retracement level before the Halving during its 2nd accumulation phase.
But let's take this from the beginning. Each BTC cycle is divided into 5 phases:
* After each All Time High (ATH) and market top the...
Hey whats up traders/investors my name is Dalin Anderson.
I see a great long term buy down here with cyclical timing in the markets.
nobody knows what the exact low will be for price but I see only 2 wave counts in the correction.
1 = wxyxz correction and wyx correction (bottom in at 3.2k)
2 = Large ABC correction and death wick to 1.2k
I'm investing long term...
Self explanatory. If we use the last 3, largest retracements as a guide to pinpoint where BTC may be headed, then look no further than price to decline toward $2270.
This is likely a worst case scenario, but not unlikely IMO . I'm more hopeful the market decides to keep BTC stable and up before such a retrace would take place.
Note: NOT TRADING ADVICE,...
We impressively were shown just how strongly correlated bitcoin is with the global financial markets.
The hopes of many that BTC would be a safe haven and thus inversely correlated with the stockmarket, proved to be wrong.
This means, the next years will HIGHLY depend on what the global markets will do, and therefore how this pandemic will be resolved.
Matryoshka dolls are world famous Russian nested dolls. Matryoshka embodies the concept of fractals, because each doll is a smaller copy of another doll and they all fit inside each other.
In this case we see a repeating pattern of rising wedge followed by drops. Each rising wedge getting smaller as well as the intervals between wedges.
Following this rising...
Historically, when RSI is oversold on the Daily and Weekly charts, expect a bounce to the upside. In conjunction with THIS oversold condition, the 233 EMA (yellow line) has acted as great support for bulls, especially at the end of 2018 Bear market and beginning of 2019 Bull run to 14K. It's important to note where the 233EMA is located also mirrors that of the...
Bitcoin is currently trading at a ~35% discount to its energy value, suggesting a value opportunity for the long-term investor.
Further, the Bitcoin Energy Value Oscillator shows a near identical 3-step pattern to the prior bull markets.
(Updated For BraveNewCoin Liquid Index as requested to show this trend actually dates all the way back to 2011 and earlier!)
This chart illustrates long term extrapolation of the log chart trend for Bitcoin , with key Arc trends which could hold a clue to the near term future and longer term trend.
In Summary there has been 4 periods of 'mean' bullish growth /...