This chart shows ETH/BTC with an inverted Bitcoin Dominance (BTC.D) chart.
Do you see two double tops here?
Or do you think this is too soon, and alt season will continue - onwards and upwards to even greater heights?
Happy trading, and please leave a LIKE if you appreciate this chart :)
TradingView now has historical data for several markets, including Bitcoin (Ticker: INDEX:BTCUSD), which now has price history going back to 2010.
You can see how helpful this is for analysis using long moving averages, like in this chart of Bitcoin, where we're able to see price action and the 55 Monthly MA (in yellow) as far back as possible.
The list markets...
If we're following the 2017/2018 fractal, Bitcoin's price movements might look something like this.
What do you think? Could this happen? :)
The most recent price of BTC at the time of writing is: $37825.91.
The 200 Simple Moving Average (SMA) is at: $40032.96.
The percentage distance from the latest BTC price and the 200 SMA is:...
We can now see the M2 Money supply in Trading View. Just type 'FRED:' as the search term as the symbol.
There was a TV notice about this, but I wanted to store it here too, because it's really helpful :)
Here's the notice:
Also see these other instruments that are available now too via FRED:
Global markets fell today, amid fears of the Delta variant of the Covid-19 virus. Yet among all the doom and gloom, Dash saw gains of 15.5% - what gives?
First, let's take a look at the DASH Coin Metrics. The most recent price of DASH at the time of writing is: $136.73.
The 200 Simple Moving Average (SMA) is at: $202.78, and the percentage distance from the...
So now that we've pierced, and stayed below the red 200 SMA - is that all for the bull run? Does Bitcoin now grind its way back down to $12k?
Or do you think Bitcoin could recover the 200 SMA, and head even higher, later this year?
The purple arrows on the chart indicate Bitcoin halving dates.
The most recent price of BTC at the time of...
If we break the local downtrend line, it is possible Bitcoin could go high enough to try the resistance at around $54k.
Do you think it'll happen? Let me know in the comments! :)
The most recent price of BTC at the time of writing is: $36294.25.
The 200 Simple Moving Average (SMA) is at: $40353.3.
The percentage distance from the latest BTC price...
Bitcoin has been on a downward spiral since Elon Musk described it as 'fossil fuel powered' and saying that for that reason, Tesla won't be willing to accept Bitcoins.
You could argue that Bitcoin was due for a correction in any case - this has been one of the longest week-on-week rises in Bitcoin's history: 16 weeks straight up from $10.5k to $41.9k, followed by...
*Even if* the bitcoin price keeps correcting downwards, as it has been recently, it could still easily bounce off the 200 SMA at around $39.4k and still retain a bullish structure - and go upwards from there, perhaps later in the year.
If however, Bitcoin's price fell through the 200 SMA, things could start to look a lot more bearish.
Solana spiked above $52 today, following network growth due to investors seeking a cheaper alternative to Ethereum.
The coin has since fallen back to $46.
The 200 Simple Moving Average (SMA) is at: $13.0.
The percentage distance from the latest SOL price and the 200 SMA is: 254.0%.
A coin with a percentage distance greater than 100%...
Elon Musk's Tweet reads:
"Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.
Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to...
The Internet Computer is here.
ICP has just launched on Coinbase (as shown in this graph), and on Binance.
The release from Binance reads:
"The Internet Computer is a layer-1 protocol that is developed by the Dfinity Foundation and aims to become ‘a blockchain network that evolves the internet’. This ‘internet computer’ intends to ‘extend the functionality of...
Doge has a new competitor in the form of Shaba Inu.
Already investors have pushed SHIBU to the number 33 spot, with a market cap of 5 Billion.
Will you be backing the new upcoming coin, or will you stick with the original meme coin, Doge? ;)
Bitcoin could be headed back to the weekly 21 EMA - at around $23-24k. Once at the 21 weekly EMA Bitcoin could continue the bull run, or if it shows weakness there, it could mean the end of the bull run for now.
Alternatively, Bitcoin could hang around the 30-33k area while the EMA rises to meet it, before heading to 38k and the possibility of retesting 42k.
The last time the 55 and 100 EMA's crossed up was on 7 April 2019.
Recently they have crossed up again, and we'll see what kind of effect this has on the bitcoin price over the next few months - of what could be a sustained bull run.