As we head into December, We can see that the major drops I had predicted since November 14th has occured.
Bitcoin is currently fighting to stay above the major Support line that developed back in march of this year 2019 when Bitcoin had the golden cross and rallied to 13k zone.
This support line is set to break as we are no where near the end of our...
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Above is my projected estimation of the next Bull Market.
I will be executing a buy on or around March 26th 2020
From that buy I will be Holding my Buy until October 13th 2020 (TBD By Future Analysis)
Stop Loss will be set at or around $4,200
Take Profit $18,000 (TBD By...
Capitulation is basically when Miners stop mining and sell some of their bitcoins to keep operations going.
However Capitulation is more likely to occur at the end of every annual year now due to regulation and taxes.
It is easier to calculate loss/profit by shutting or slowing the network down and washing your hands so to speak.
Power consumption costs are higher...
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ABCD triangle on Coinbase:BTCUSD weekly chart first and second retest occurred within 105 days of each other, if history repeats itself Bitcoin appears to be 70 days away from a further decline to $7800
However, Coinbase:BTCUSD could make a break to the upside testing HUGE Resistance at $9,500
Simple and to the point.
1.Currently we are sitting within the $8000 range
2. 20 day moving average of $8120 is acting as strong resistance
3. Bearish sentiment has set in on the MACD and RSI
4. As of right now Next level of support is looking to be $7850
5. Failure to hold $7850 could see a further decline to the 50 day moving average of $5700
6. Possibly within...
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The above chart is based on the line break technical analysis.
I have drawn out the forcasting Bollinger band path of movement.
1 day chart we have bounced off the 20 day moving average, we are now below both the 20 and 50 day moving...
Worst case scenario,
As BCHUSD moves into the month of October RSI is currently sitting within the 20/30 zones on the daily chart. BCHUSD will within the next three to five days indicate whether a correction is in store or whether further downside to $130 levels. If the support of $213-$200 is broken then a drop to the next support level of $173 is the next...
Well.....It's obvious at this point.
Bakkt friend buys future shorts
Whale friend dumps market
Bakkt friend pays back whale friend
Whale friend buys more BTC at lower price
Whale is also Miner so whale shutoff miners to drop the hashrate slowing the supply during high demand before the halving.
This is what's happening, if I'm wrong.....then.....based on the...
Tripple bottom formation on 1hr chart.
4hr chart is looking to make a turn around soon.
If this price rise happens, look to the 1D chart for a near drop in price possibly breaking $300 resistance.
Influx of volume today will confirm or cancel out this forecast.
Bitcoin and other cryptocurrencies are a very...