#Bitcoin has been following the same regression curve since its conception. If it's to be believed that this curve will truly last forever, then #Bitcoin will also just be hurling towards its inevitable death spiral down to zero. While there are probably a select amount of people that still think this is possible, I personally don't subscribe to that theory. This...
Putting the evolution of $BTC into the context of the creation of a business or a tech product, it starts to paint an interesting picture. The current market conditions are potentially ones that will enable the first ACTUAL in-real-life (IRL) use of $BTC as it was originally intended to be used. I'm very interested to be able to watch how this will unfold.
Overall sell volumes have already exceeded prior bear-market sell volumes. This may be a good sign that the all-important mass capitulation has already occurred now and we are simply still within a long, extended bounce that is exaggerated by the FED pivot. **This is my opinion based on chat data. Not financial advice.**
Using the bars pattern to lay the fractal of the 2021 bar run over today's recent bear market, we can see some pretty good similarities between the two. This suggests that $BTC could be due for its relief really now, more than likely rejecting off of the $35K-$38K region, then finding its last area of support just under $30K, then finishing its accumulation and...
After breaking the downwards trend to the upside, the $BTC price has crashed back down into the wedge, forming a small bear flag inside. IMO this is showing that the mid-term pattern that $BTC has been in will break to the downside. This will possibly be a big "fake-out" for bears and might cause some sort of a short-squeeze situation. In anticipation of that, I...
In this scenario, BTC has been forming a massive wedge over the past year, overcorrected back into the wedge, and will be having a massive breakout over the next year. It feels like a stretch, but it is definitely there as a possibility. As long as BTC holds the current support range, I would say this may be validated.
A month ago this idea wouldn't have even been a thought in anyone's mind. However the recent super-crash of $LUNA has put it in the same risk-category as any sh** coin. IMO $SHIB will have some opportunities coming for anyone who would like to trade the retail hype. At the same time I personally believe that $LUNA has become somewhat of a "meme-coin" itself at...
Using a log chart, a couple fib retracement tools and the overall-macro trend (going back to 2015), we can show that it is very possible that the total market cap of crypto will be roughly around 10.6 trillion dollars at some time in 2025. This is also a minimal projection, as that would be the absolute bottom of the trend. (Assuming macro trend holds) This goes...
This idea seems to be continuing on pretty well, showing the "slow" decoupling of BTC and the stock market. Currently the trend has been broken and there seems to be a confirmed retest of the upper trend. A good bounce off this should see the ratio move towards the 0.29 level and a break of that resistance level would signal a strong continuation. This (to me)...
By charting the growth rates of both the NASDAQ US TECH 100 and Bitcoin, it clearly shows a recent decline against BTC. This decline may also show the recent correlation Bitcoin has had with the NASDAQ, as the closer it gets to 0, the more correlated they are. It has broken an important trend, which is in favor of the growth rate for BTC. IMO this shows the...
I made this chart months ago with a massive flag being printed on the macro scale. This is show on the daily here but is better viewed on the weekly. If this continues to hold up, we could see a major rally, heading into q2. IMO
In this theory, there seems to be 3 equally weighted scenarios that may play out in the short term. Regardless, I believe the long term is still a slow trend to the upwards side. However, this could become a more exponential growth if 1 of these scenarios plays out, which has a 30% chance of occurring. Continuation to ATH: 33% "Dead-cat bounce" with a head and...
A long position may be viable anywhere between $0.000009 and $0.000016. This may be a good range for accumulation as well. It is important to note that SHIB could possibly stay in this range for a while once it makes it to these levels.
With a nice bounce of the top of the top of the wedge and a rise back above the strong support levels, it seems that the possibility for a nice long position is now confirmed, IMO. I would expect a very short-term pull back from this initial "pump" and then a test of the "strong resistance" zone. Not financial advice. DYOR always!
It's looking like the long position here may have been invalidated. Although, with a bounce of the upper line of the descending wedge, it may still be valid. However, if this breaks downward into the wedge and breaks the second support level, I wouldn't be looking to go long until price reaches the target-buy-zone shown on the chart. With a bounce off the upper...
$41k-$42.5k seems to be the zone of support and all indicators are showing oversold conditions. Seems to be creating a nice inverted head and shoulders, however that is more speculating than anything at this point. A break support would negate this theory and a break of trend to the upwards side would confirm a long position here.
A close above 0.000038 is bullish here, and a close below 0.0000284 would be the bearish case and this theory would no longer be valid. There is strong price suppression at the moment, however, with a break of trend on the RSI's this play may be initiated. IMO
We Gon Be Alright - While BTC has crashed -$10,000 in one daily candle, we still have a very strong macro uptrend that is still currently holding. However, if that trend is broken on a daily close then we could actually see that $10,000 BTC every bear has been praying for. Personally I see the slow move toward the macro trend, then a bounce back up to eventually...