Bitcoin has broken up through resistance.
Based on previous halving cycles the next bull run is just getting going. A long way up from here. I expect history will repeat.
Not investment advice, just my opinion
Just a little idea of history repeating with another bubble cycle coming after the next halving of bitcoin supply to miners and the stage we may be at compared to the last one.
Outlook could be extreme bullishness over next year or so
This chart shows bitcoin including the earliest trading data from MtGox when bitcoin was worth a few cents.
Large channel encompasses all the moves so far. Reveals last spike to 20K plus was small compared to other peaks (bubbles). Also bitcoin is not far off the bottom of this channel.
If the channel holds, bitcoin could rise to possible unfathomable new...
Gold Silver Ratio (GSR) has indicated for a few years now that silver looks undervalued compared to gold. It is often claimed that the actual ratio of these two physical elements in the earth's crust is akin to 15 silver ounces per 1 gold ounce, however price at the moment values 1 gold ounce as nearly 70 silver ounces!
Could this be about to change? GSR is...
Could be a great time to buy, silver has obeyed this fork for quite some time. I don't trade that way myself but I guess you could put a sell stop under the fork in case it breaches and moves further down. Personally I say forget trading paper derivatives and get some real shiny bits to stash away somewhere secure.
Gold is below a very obvious line of resistance and once again close to testing / breaking up. Based on fundamentals which include central banks QE, negative interest rates etc I think only a matter of time until it breaks up. Perhaps in short term we will see another dip with gold constrained in a wedge in the shorter term. Central planners will like to keep...
Where there was once etherium now there are two 'etheriums'. The original etherium has set precident for bailing out buggy dapps. And etherium classic which promises to be immutable and censorship resistant, (like the original etherium claimed to be). One which is controlled by etherium elites and one which values freedom.
You might guess which I prefer....
Bitcoin price now rising as I've been predicting for some time now. Higher highs, higher lows, halving of supply coming soon. Uncertainty due to Brexit, 'recovery' of economy story hard to keep going. Possible big drops coming in the stock market.
It looks like the current move might spike up towards $950 if it repeats similar spike to $500 a couple of months...
Following on from an earlier idea 'Bitcoin Primed', we have nearly arrived at the point where I predicted large bull moves a few months ago. Bitcoin may start a run from here if it gets above the red trend line it is sitting under.
The idea behind this is that a speculative bubble will begin to form any time within next few months due to the halving of supply....
We are so used to seeing altcoins spike up and just as quick collapse down back to near nothing, that etherium seems to be defying crypto law of gravity. I've been waiting for bubble collapse since 5 dollars and here is etherium still going with its last peak at $15.
But there have been some very steep plunges recently. So is it the end of etherium rise? Very...
Bitcoin seems to be facing quite an obvious area of resistance, marked with a purple dash. I'm expecting bitcoin will have enough momentum to get through that on this current bull move. If not then perhaps a drop down first, both scenarios shown with blue arrows.
Horizontal red line up at $630ish looks like quite obvious area to look for next resistance
Early days but if gold keeps falling from here it will look more and more like a handle forming on a cup n handle formation and might see gold propel upwards towards $1400.
Regardless of the current drop and consolidation the rounded bottom looks positive for gold in the long term