Bitcoin Halving is the supply reduction event which occurs every 210,000 Blocks until all 21 Million coins are mined. At genesis, there were 50 Bitcoins minted each block. Each block takes 10 minutes hence it would take approximately 4 years to mine 210,000 blocks. First Halving occurred on November 28, 2012, at block height of 210,000. Afterward Block reward...
Once the $40,000 ceiling is breached in Q4 2023, it will be a straight road to $100,000 within 6 to 10 months. The bitcoin halving of April 2024 will come and go. A major correction will only be after a top of $100K to $150K around mid-to late 2024. This will be followed by a mini-bear market / correction to the previous ATH of $60Ks. This correction won't...
In my honest opinion the next key level to break is a close above $29,700 to confirm we are in the next bull run ~ the macro "Descending Broadening Wedge" bound by the blue diagonals of which the estimate is to break the upper diagonal! Bulkowski's Descending Broadening Wedge :- thepatternsite.com
Just a quick look here. Another trend line that the BTC price broke through with that big candle in March. BTC first broke through MA Pi bottom resistance kin January then held it as support. Look at when it happened... Literally right after it crossed!!! It is now playing with the top of WHITE trend line. I believe it will continue to do so for a period of...
Obviously the debt ceiling was going to be expanded since the Americans will not give up their "credibility" and the world reserve currency Expect weekly to close around $27.250 Wednesday - French, Italian, and German inflation YOY - Japanese Consumer confidence Thursday - Inflation and unemployment rate eurozone YOY - US ISM manufacturing PMI Friday - US...
If you check the 6-month candlestick chart, all candlesticks have formed lower tails. However, lower tails are not confirmed for the bar currently in progress. It is possible to go see the bottom tail before the next candlestick is made.
Focusing on the Fib wedge here, it can be seen that each Fibonacci level has marked Bitcoin's top so far. 1. The zero point of the fib wedge is exactly where BLX price starts from at around $0.05 in 2010 2. The first fib level 0.236 marked the top around $30 in 2011 3. The second fib level 0.382 marked the top around $1100 in 2014 4. The third fib level ...
I'll start this post with what I've earned on the covid flash crash myself. This success was repeated in May 2021 but in other token. That's why I know a little about it. At the end I wrote why next flash crash is possible Bitcoin and other cryptocurrencies often experience flash crashes when there are sharp and significant price declines for a short period of...
Bitcoin: Not a buyer until it breaks this line upwards
In this video, we build upon the previous Bitcoin post, diving deeper into the count and potential correction unfolding. I share my thoughts on the possibilities of how the current wave could form, starting with an understanding of corrective pattern formation. Using the previous waves as a guide, we explore the general observed patterns, leveraging the concepts...
Join us on this video journey as we explore the significance of AriasWave in delivering the best wave analysis. By understanding the count for Bitcoin, we uncover the intriguing nature of corrections, which can be either lengthy or deep, showcasing the concept of alternation emphasized by Elliott. However, AriasWave takes wave analysis to new heights. Critics who...
BTC fake Bitcoin momentum study - Going down to $1200 wave A.
This momentum study shows us that BTC Bitcoin may only have 160 to 195% gains left to give the market. 70 to 80k
This is my BTC thesis using simple metrics - not taking into consideration the BTC halving event I have taken each BTC bull and bear cycles from start to finish to find an average bull and bear cycle beginning and end Also using a simple metric to guesstimate a 2 possible market highs for BTC this time around. I cannot add variables such as black swan events -...
Could be disputed, Could be wrong, depending on which theory you believe in. it has never been, and doesn't have to always be, but it was. So what will it be ? it could be what will be !
The chart is telling me that we could see the next 6-9 months slowly grind lower as the global economy enters recession. This will be a great opportunity to scale into long positions slowly for Bitcoin as we gear up for 2024-2025 bull run. If you can get an average price between FWB:21K - FWB:25K you will be nice and cozy in your position for the next two years....
It is already pretty obvious to any analyst - a stronger dollar means a weaker crypto or stock market, and a weaker dollar trends toward stronger crypto and stock markets. As you can see on the chart, Bitcoin (BLX) has a crystal clear negative correlation with the US Dollar Index (DXY), as expected. So, why am I talking about it? Each time DXY has peaked, BLX...
Here's a look at major peaks and valleys in Bitcoin and Total3 (total altcoin market excluding Ethereum) starting from the Dec 2017 peak until now. First, a key to follow along: Key: - Solid Green/Red Lines = Peaks/Valleys occurring during the same week or day between both markets - Dotted Green/Red Lines = Peaks/Valleys where dates deviate between the two...