I posted a Log Regression when #Bitcoin was 15k.
I publish now when it is 62k. So CRYPTOCAP:BTC has already done x4.
What now? Shall we break the ATH? Let's consider the pros and cons.
This is why yes:
➕Increasing global liquidity.
➕So far, positive flow from ETFs.
Here's why not:
➖Strong overbought
➖Previously, there was no ATH breakout before the...
Prices and volumes of Bitcoin purchases at MicroStrategy
Over 9k BTC at an average price of 58000. 19452 Btc at $52765.
Even these whales are buying at the tops and sitting in the minuses for years
The largest holder of Bitcoin on the planet is not Microstrategy , but the Chinese government, cryptoanalysts found (twitter.com/cryptoquant_com).
In 2019, Chinese...
As we entered the bull cycle after exiting the red bubble, the clock started. We have measured each bull market gains since the beginning of bitcoin, and the factor is 1.618. Formula is as follows;
To find the next number in the pattern, let's examine the relationships between the given numbers:
297 ÷ 183 = 1.626
51.8 ÷ 30.8 = 1.678
10 ÷ 6 = 1.667
1.4 ÷ 0.8...
How is the bull market treating everyone?
Not as fast as you might like? I feel you
My creentrend pressure script which is free and open source on my page has printed (x) and held that stance for multiple weeks now, making bitcoin have that upward wave. The creen trend pressure signals are (in one part) the relation of price to the upper and lower bollinger...
Looks pretty straight forward for me. Another bull run in horizon.
Below are my reasons for this belief:
Fundamentals
- Next halving is coming in just over a year - May 2, 2024
- There were a few black swan events in the past year and price of btc managed to keep very strong still.
- The black swan events occurred due to human fault, and the trust in the...
Dear Traders and CryptoLovers!
I am saddened I need to update this QUANTITATIVE Chart as a tradingView Mod removed my last post for having a logo... but rules are rules. If you need to prove my awesomeness and accuracy of the last chart, I will add the post to Medium, and you'll also find it on social media - links at the bottom of this post and on my profile....
Pinky: Its too early for a rally, Perky; we need a correction...
Perky: Hold my bear, Pinky; you'll get it when I'm high.
PS: This chart is a continuation of our previous BTC chart published on May 16, 2022, with slight modifications; a link to the previous chart is below.
Chart Keys
Orange Horizontal Line|~Prox Halving Dates
Yellow Bars: Range From...
Dont sell . Just buy , i have about 5 years experiance in crypto . its time to meke money , this is a good opornity , PLZ DONT sell until 700k ! if u see this beleve me! you cant make contact with me when te target is reach and tell me how much money u make!
Macro: No high inflation likely during next 4 years of Republican term. No reason for Bitcoin to breakout to new ATHs yet. If it's not going up, it's probably going to retest the lows instead of being stable (to push for max pain).
Technical: ETFs provided exit liquidity for smart money
Here is my Elliott Wave analysis of past cycle tops and bottoms along with projections for future wave counts.
We can see some very interesting fractals regarding the date ranges between the Bitcoin halving events and the corresponding tops and bottoms.
Bitcoin's very first halving event was in November 2012 and it took ~365 days to reach the market cycle top...
This is a monthly chart of the BLX and I think it might be possible we will be this type of bear market, Long and grueling for most but the opportunity of a lifetime for others. I'm fairly certain our bottom has been hit and we'll go sideways for most of this year.
Lets see what happens.
None of this is financial advice.
