For the first time since its inception, Bitcoin’s annual inflation rate is poised to become less than that of gold, the quintessential store of value. At Bitcoin block height 840,000, the annual supply of Bitcoin will be cut in half, resulting in a decrease in its annual inflation rate from 1.7% to 0.85%. In comparison, the supply of gold is estimated to increase...
BTC - Trading in bullish pennant !! Break out ! (Bears rekt)
The last day saw a moderate decrease in Bitcoin’s price by 0.44%, signaling a consolidation period post-halving. Trading volume stands at 308K; the context of whether this volume signifies a decrease or increase in trader activity could add significant color to current market sentiment. The price is currently trending below the simple moving average (SMA) of...
💰 CRYPTOCAP:BTC Almost 2 Months of Ranging so far💁♂️ Market is mostly asleep, good for accumulating favorite #altcoins for the long-term😉 ❗️I would recommend quit the short-term trading in this market
!!UPDATE!! As my previous analysis said there's 50/50 chance of BTC, but after the news comes out the price looks pretty good and shows signs of strength . Hold up, don't get too excited first, the possibility is still 60/40 , we'll see how BTC maintains its strength tn . Ight, I'll say why I can say the BTC showing strength ; 1. S&P not doing well as...
Wait for back to breakeven in 65.200 If entry by me in position - close half profit in TP-2 on 67.250$ please money management 🙏 Support for me by like and comment❤️
Providing the numbers for my personal short position here. Entry of 66,400 to 67,120 Stop of 68,400 Targets on chart down to 10,000 See my other recent ideas for a detailed description of this idea and play.
I will explain why a massive drop on bitcoin is not only likely - furthermore it is possible we hit 10,000 and at very fast speeds. The red blocks shown on my chart feed the price down this bearish trend line we are underneath. Those blocks are high leveraged LONG STOP LOSSES. These are massive limit orders to SELL that have not filled until price passes...
Bitcoin is following my plan and started to pump from my previous ideas. To see a continuation of the pump we need to wait a break above the resistance area at $67.000/67.250. Holding my longs with stop in break even and waiting
We were right right Friday's close will change situation drastically. So this has happened. Now BTC short-term bullish context and we consider 62-64K area for possible long entry
As you can see After the price tests the 61k zone, we will go up As you can see, we can capture the goals that we gain on a time basis A beautiful example of cup&handle pattern. I think the bottom expected by the market will be around 58k. (If it fall, i will buy the dip) While everyone is afraid, the brave ones usually win more.
Bitcoin is suffering in this area There is a possibility of fake break , be careful and manage your position
As BTC in 4H time frame is bullish it need to pullback between 65000 and 63000 and then continues the upward trend as it's bearish in the 15M I can say that the pullback has been started and we can see a new high after the pullback in 4H time frame and end of bearish trend in 15M. Good Luck
Another day another opportunity to enter longs. I'm Hedgen 100% with a 800$ Spread. If we break the 67100 i will close the Short and ride the Profits. if we dip into a 2 I can put SL BE and gain a 100% expousre.
I am seeing 2 possibilities... One is that a rising zigzag has been completed and its correction appears. The other is 1-2-1-2 scenario.
Price looks to be bouncing nicely on the 4h correcting to the upside, Price will likely continue to the downside after taking liquidity at either 67k or 68k verifying a healthy pullback to strengthen a large sell off.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.