the two day standoff, yielding two dojis are moving toward healing in BTC. This may not prove to be meaningful, but it is sign of a standoff. I think some people have walked away from the market until someone comes in and either drops the price in a sale or buys it up. I would consult the order book to look at where we stand -- just did
GDAX is very balanced...
FOR YOUR EDUCATIONAL BENEFIT ONLY:
do I think it will drop below the yellow, above? No
Plenty of buyer action at the yellow lower line. Bears can't drop below. Might have to let it rise
Bears can get into the 8K area right now, but it won't last, the yearly trend is demonstrated and sticking to it
whales doing us the favor of keeping us in the market, but...
not the parabolic surges, but the periodic 30% surges are what make bitcoin great.
Understand that the rise, calming/falling, then resurge is what makes this the dream trader coin.
Dont' depend upon the coin mooning -- depend upon it rising 25%, then falling, then resurging. Do this every week or so, and you are set.
not investment advice, people!
on average bitcoin gets trapped in a valley which takes approximately 28 days to lose and retrace 30% of value
PRECEDING parabolic growth -- you are sitting on an earthquake fault
get ready for money
not investment advice -- trade on your own information
lil' bucking bronco! Getting bigger this year
As long as you observe this channel, you observe YOY growth. The spasm at year-end is an anomaly that tends to take place each year, most of the time
Take stock of the progress, and envision the continuity of this channel. History created it, and the future may keep it.
As for the pullback, it's all on-trend, so no...
bitcoin is a prodigy, but in tough times in its short life, there are periods where bear markets create tough circumstances. It is best to review how these work
1) always run bollinger bands with long time frames, ie 200 and 100 day SMA
2) contrast that long period with the 50 MA and a 34 or similar EMA
3) buy low bollinger bands, after several frames...
proof-of-demand sends this market into a buying panic
selling is proof of demand-- it's the work of bears pushing down a viable product as low as it can go
crash = panic
proof of recovered price, then new ATH -> parabolic
even with bans, hacks, war between NK / JP (end of march), and bitcoin cash, the fundamental geometry goes like this:
and so on
that is the value you maintain as a holder, that is the volatility you withstand as an owner
hopeful, but likely
momentum builds upon momentum
This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation. You will understand this comment as purely...
in the early going, bitcoin on bitstamp surged out of nowhere to ~$200. From there is sustained less radical gains, but consistently upward. This created more of a growth curve in 2014, adding up to a very dramatic surge. It is these dramatic surges that attract attention to the asset.
Most cryptos experience these extreme demand surges. It comes from proof in...