As the halving approaches, alt coins are losing their value in terms of BTC.
ETHBTC has fallen out of parabolic trajectory. This is bad news for Ethereum, as money flows out of Ethereum to support Bitcoin once again.
This is probably my most realistic case-by-case analysis on Bitcoin.
If you are interested in a buy opportunity, BTC should probably revisit 7500 +/- 200 range, which is between the 9 week and 21 week simple moving averages, and also that area is a key support area. I don't think BTC will remain in the current channel it is in which is very steep, and weekly...
Hi all, I just thought I'd share some long term possibilities with Bitcoin. My recent calls have not been correct so much, as I expected a pullback a bit earlier than where we managed to reach. BTC actually progressed throughout the entire channel. There is a possibility it can go higher, but I am doubtful once again.
I still lean bearish, but this weekly...
Upside potential seems to be around lower 8000, if lucky, lower 9000s.
Downside potential seems to be around 4400 as things stand.
Based on those two figures, I lean short, but only considering technicals.
In terms of fundamentals, this particular halving will hurt BTC more than it will help it. The likelihood of Bitcoin having a 9200% gain like in...
In the entire history of Bitcoin, the range 1300-1600 has not been tested twice. All other price levels have been tested twice.
This chart demonstrates the possibility of going down to the 1350 support level.
XMRBTC may reverse it's downtrend. I am supposed to be scaling in, but I just went in at 0.0069 with entire position. Oops.
If my idea fails and the isolated support level breaks, then next stop for XMRBTC is 0.004 (I'll double check on this). I do not think that will happen though.
I predict a drop to around 0.01820. May start scaling in there.
Not guaranteeing anything, but that support level doesn't seem too strong.
My past prediction was correct however I did expect it to reach 0.024 in a more powerful way.
A revisit to 0.01820 seems next stop.
This can be easily seen. Whether it is a sign for a reversal I am unsure. But considering ETHBTC reversed when something like this happened, XMRBTC may be next for a 10-20% increase or so.
I have heard XMR getting delisted from some exchanges so that may affect things a bit.
But what do I know. Good luck.