bitcointrader3764

bitcointrader3764

Not Financial Advice - Just for my records...where one possible future of BTC may go...events that shaped the idea are the potential cross on the weekly EMA´s in the first week in August, historical analysis of halving events and lows/highs as they relate to halving. First bounce after bear low hitting the golden pocket, before a second failed attempt and an...

bitcointrader3764

The parabolic rise looks familiar..but the volume is disturbing. In fact the last spike in high volume was 3 months back at around 30K Who will blink first and realise the buyers aren't out there to sustain substantial selling volume. Elon, Grayscale or the miners? Whoever decides to go is immaterial o retail investors that the media and trying hard to intice to...

bitcointrader3764

playing with ideas and two scenarios seem to be converging...im looking at possible 0.185 - 0.195 breakdown Comments more than welcome..

bitcointrader3764

The sell orders lasted less than a minute...I missed it...and im keping a close eye on price.. As a measure to produce a long wick with the the ema resistance....to look like another move up is a dead cert...bravo...but as a highlight of the lack of buy order interest, i fear it may prove to be a backfire.. im of the opinion that the house of cards is about to...

bitcointrader3764

Bitcoin is a market of supply and demand. Pure economics devoid of government influence. Some would say Capitalism at its finest. Was it invented in the home of capitalism? probably not. Who controls the supply? Well I thik we can all agree on that. Chinese miners are by far the largest player and if this last year of political wrangling has taught us anything,...

bitcointrader3764

Here's the gamble - If someone comes up with a viable vaccine soon, (its already priced into the market), there wont be a major crash, although the reality of the timescale would most likely cause a correction. (Buy the rumour, sell the news). More likely is that first vaccine news will be negative and show up the reality that the politicians ignore that noone has...

bitcointrader3764 Updated 

We all know the next line...and it wasnt landing on the moon... Volume....my one word reasoning....to Bon Jovis 'This aint a bull run'! And it seems that bulls attempts to spark inteest is failing...meaning the downside will be quick and sharp To quote JBJ again... 'Should have seen it coming when the volume died' Good luck to all.

bitcointrader3764 Updated 

The planets seem to be lining up again. The stock market thinks the virus threat is over as infections reach nearly 60K a day and rising and tomorrow, (Independence Day holiday), may well be come know as the superspreader event that resulted in an unimaginable death toll down the line. As for BTC, the RSI now has the capacity to repeat and extend the downside of...

bitcointrader3764

When the stars align and the forces of the universe show us the way...who are we to question...lol This is one possible scenario the powers that be might be engineering...for our near term path... Good luck to all!

bitcointrader3764

The moves may be a bit more volatile but the patterns are the same. This time we might well see a retest of 3.1K and maybe if the retail longs get too confident and go silly we may see a squeeze below 3K In any event..anyone who thinks there will be a growing wave of demand in the coming weeks or months like the retail interest seen before the last bull run...

bitcointrader3764 Updated 

There is a $200 and 8 point RSI difference which points to a lower bottom point of the next sell off. Miners will need to sell more than they mine to pay there bills and will be dipping into reserves. Public demand is definitely not increasing as people are getting to grips with paying there own bills and putting food on the table. Notice the pumps are...

bitcointrader3764

I have oftened wondered the reasoning behind some of the patterns behind BTC. One of the biggest 'players' in the market are undoubtedly the miners. And one of the biggest pressures on them is the need to pay their electricity bills. Taking all other factors out of the equation for the time being, this means that at some point there will be increased supply. The...

bitcointrader3764

Chart and history may have said it all...

bitcointrader3764

So much focus on the halvening. Lets just remember the 40% decline after the last one. (And that was in a bull market, growing economy with falling US unemployment. Obama was POTUS...ah those were the days.lol Fast forward 4 years and evaluate the situation in the current global meltdown and someone tell me why we are going to the moon for the sake of the miners....

bitcointrader3764

You had to think like a whale they say, what would they do? Well the biggest whale indicator, Warren Buffett just got out of the airline industry and started building a cash pile. To me this says he is looking to get ready for a sharp decline in markets, average out the stocks that will weather the storm and buy into whatever he sees as the new normal when the...

bitcointrader3764

This is a little repeat for those who might get caught up in the wave of, I dont know what, going on right now. If you think the halving event is all profits and easy money, then I would point out that history is being somewhat distorted. The great bull run took 18 months after halving and that was without a global depression on the horizon like we have now. So I...

bitcointrader3764

Here is a fun look back....where do you think we are in terms of historical trend around halving? Does coronavirus make outcome worse than the historical trend...cause its looking pretty bad if you are accumulating now at this price even without the biggest global economic depression looming on the horizon....thoughts anybody?

bitcointrader3764

There is a trend line support initiated on the 24th August 2015 that was last touched on 1st August 2016 (approximately 2 month after last halving). I have extrapolated it on the chart. The assumption that we wont go lower than 3100 may be false making the run from 2018 and more recently in january...just attempts to reboot the bull run lost....Personally, the...