200 w support, pitchfork, fib retracement all meeting at usd 1100 - 1300
add summer time when ETH traditionally has always lost out against BTC
add uncertainty of the upcoming merge
add the ETH 2 staking unlock
Price might go sideways or dip even further for some months, before eventually recovering hard end of the year beginning of 2023. Why ? Look at my chart, support lines AND upcoming Litecoin halving. Price recovery usually starts about 6 mths ahead of halving.
Bitcoin and Litecoin are the only long standing cryptos with no pre-mine, no founder cash outs,...
Some are desperately trying to defend the USD 2 support.
Despite the weekly burn of tokens, the price vs USD continues to decline. The amount of outstanding tokens simply is way too large vs the amount of tokens burnt even if the company would grow tenfold.
The 6 amigos elected by the company have yet to make an impact - come up with a new service benefiting the...
TRX just found its support on EW retracement and it is still the second largest carrier of USDT - by far - with 36.4 billion USDT issued on it.
While people are applauding Solana, it only carries 1.5 bln USDT on its network.
USDT on Ethereum is just shy of 39 bln having lost the most at almost 800 million in recent days, while only 320 mln where redeemed on Tron .
BSV continues to dump. And now suffered yet another 51% attack splitting the chain into 3 chains. I love when a scammer is the only one left to buy his coin.
www.cryptodaily.co.uk
Bitcoin has reached multiple support lines, the end of the Super Full Moon down pull and the Bitcoin Conference is just ahead.
I see a strong recovery with a double top early November and early December supported by a succession of two Super New Moons. The current sharp correction was due to a succession of two super full moons accelerated by the comments of a...
Litecoin on a clear path to follow Bitcoins 1 - 5 waves just like in 2017.
On the fundamental side Litecoin consistently has top 5 trading volume aka liquidity making it the most useful currency besides Bitcoin.
Litecoin vs Bitcoin has followed a pitchfork pattern nicely.
Just as Bitcoin Litecoin has not been premined. From day one anyone could download the software from Github, install it and mine Litecoin.
Whereas Ethereum was premined to the tune of 70 mln ETH by Vitalik and his cofounders. The incoming SEC chair Gary Gensler stated repeatedly that Ethereum was...
Bitcoin formed a classic bull flag, touched the 50d moving average and is heading towards its next up-leg to reach the next target by April.
I expect it to move sideways for another week / 10 days before moving back above usd 40k and beyond.
However people frustrated about the trading stop in GameStop once again favoring WallStreet might move into Bitcoin and...
Algorand is gaining momentum in the financial industry. Traditional banks, exchanges, insurance companies, investment funds chose Algorand to build their crypto infrastructure rather than Ethereum. Traditional finance prefers technology developed by MIT professors rather than Russian hackers. And Algorand can do today what Ethereum wants to achieve with v2 some...
Bitcoin is on its way, currently on the 3rd of 5 up moves. Just like in 2017 and just like Litecoin.
These cycles I expect smaller pullbacks in between due to institutional buying taking Bitcoin off the market for good for at least 5 to 10 year periods.
The IHF token invests in new crypto businesses as capital investments. Any cash flow / profits will be used to buy back the token reducing supply, increasing the price. The chart has only a short history as it was previously listed with the Liquid exchange and moved to HitBTC just this year.
By now the fund has invested into 3 crypto exchanges / trading apps plus...
Unfortunately XRP, due to the SEC lawsuit and continued dumping of XRP by Ripple and its former co-founder Jed McCaleb, has re-entered the downward trend it established in January 2018.
According to the clean pitchfork channel it could fall as low as USD 0.03 by late March 2021 unless Ripple reaches an agreement with the SEC.
If the lawsuit drags on for more...
Just like Litecoin Bitcoin is in a clean pitchfork uptrend channel unlikely to break anytime soon.
Major institutions and investment fonds have started to buy Bitcoin as a currency hedge and are unlikely to sell anytime soon. See BitcoinTreasuries.org
Also Bitcoin has now overtaken Visa, Mastercard, JPMorgan and soon Berkshire Hattaway as the largest financial...
Litecoin, just as Bitcoin is in a clear pitchfork uptrend channel.
In addition Litecoin is still undervalued compared to Bitcoin and even XRP.
At BTC 28430, LTC 128, XRP 0.20 it cost USD 68.7 bln to buy the remaining Bitcoin supply, 10.9 bln to buy the remaining XRP supply but just 2.3 bln to buy the remaining LTC supply, despite LTC continuously high daily...
According to the BCH rich list just a few wallet addresses -- 0.77 % -- hold -- 92.66 % of all BCH.
In plain English there is nobody left willing to buy their bags.
97% of all addresses hold less than 1 BCH and the vast majority 91 % of all addresses are near empty (hold less than 0.1 BCH). They have already sold it all.
According to the BSV rich list 97.5% of all BSV wallet addresses hold less than 1 BSV, in total just 1.96% of BSV.
In plain English - few big accounts hold 98% of all BSV unable to dump it onto noobs. Because there are no noobs left willing to buy that scam coin.
