The story line about block reward "halving" is unfolding, now without the "reason" for price to climb.
Some would argue that because the cost to mine hasn't changed the price per coin should double. Very strange logic. More likely, some miners would quit so the mining cost drops.
Of course, if there's suddenly a huge demand that wasn't there...
I see two scenarios (thought of it last night):
1. Prices goes to 20k, and a dramatic crash follows, wiping out most coins and maybe some exchanges. Target is around 1k. This is the best scenarios, because most scammers will leave, and after a cleanse there'll be a new possibility to get 20-100x with Bitcoin.
2. As charted. Fake out at death cross cannot pass...
Somehow it reminds me of ... (better not say it publicly).
I am not saying / accusing / hinting that Tron is related to any fraudulent activities. I am only referring to the flow of news, which can be a mix of different shades of truth.
Target is 2/3 price drop.
The sharp downward channel may not sustain for much longer (can't go to negative).
Some mid-term relieve is very likely on the long-term support.
However, without changes in the fundamentals, the technical reasons for a strong move aren't obvious.
Some weeks ago, I suggested the possibility that in a somewhat bullish market ETHBTC would stay in the yellow zone.
However, since the BTC pump and dump was confirmed (see related charts), the market outlook in my opinion is generally bearish.
Now that ETHBTC has obviously broken down the descending triangle formed since late 2017, it is foreseeable that ETH...
Ask yourself one question: Are you buying Bitcoin now? If you aren't, why do you expect someone else to?
Having led a blockchain project myself, I can honestly say that there are at least ten times more scammers (pretending to be marketers, influencers, investors, or exchanges) than real investors who show any interest in anything other than outright scamming...
Hi, this video follows my previous ones.
In it, I explain why on a fundamental level Bitcoin price could go up, to complement my previous posts about the chart (because the chart hasn't really changed since a couple of days ago: I don't over-analyze short-term movements).
This video extends my previous ones on Bitcoin.
The last idea in which I suggested the possibility of a descending triangle was invalidated by the quick drop below $10k.
Volume is finally picking up, but a couple of days more are likely before the said sharp bounce can take place. An exact estimate of the location is virtually impossible. All supports above 7k are weak.
It's truly unfortunate that BTC has gone parabolic so soon. The strong hands are impatient, as there is no willingness to enter.
I believe this is a miscalculation that will lead to another crash + prolonged bear market.