As we can see the market here is still bearish but we can expect a bullish market only after breaking the resistance of trendlines on the chart(Blue trendlines resistance). Also, we can expect more corrections here like the red path. Strong supports and
BTC – 2013 and 2021, a comparison of the Bitcoin Market Cycles!
ople are so focused on the hourly/ daily timeframe that they get emotional on every dip! Take a step back to the weekly/ monthly timeframe and see why I’m so bullish now. Stop looking at the short term dips/rise. Short term is irrelevant for the move that is coming!
Long term bitcoin predictions. This idea is based on the belief that the 2019 to March 2020 harmonic is repeating. We can draw two similar proportioned harmonics to the current price action that gives different paths.
What is the future outlook for bitcoin?
This chart that you are looking at, I hope it will be the most legendary chart I have ever made.
You’ve seen a lot of logarithmic charts like this one…
I’ve been reading texts and messages at an increasing rate that Bitcoin is currently forming the Top/ Peak/ All Time High of the current Cycle (Bull Market). Even though this noise is not alarming as historically an increase in sell positions always goes wrong…
Pitchfork, is a technical indicator for a quick and easy way for traders to identify possible levels of support and resistance of an asset’s price. It is presents and based on the idea that the market is geometric and cyclical in nature
According to a recent research note by JPMorgan, institutional investors have withdrawn about $20 billion from their gold investments since mid-October and during the same time frame, institutional inflows into Bitcoin (BTC) have increased by $7 bil ...
Just recently, the onchain data and research company Glassnode published a report that introduces variations of Bitcoin’s Spent Output Profit Ratio (SOPR) and Market Value to Realized Value (MVRV) Ratio. Glassnode analyst, Rafael Schultze-Kraft, ...
I found XAUBTC chart interesting. Here is why.XAUBTC has been bearish for a while. HOWEVER…
We can clearly see that the impulse movements are getting smaller and flatter. (as shown by the angles highlighted in blue)
JP Morgan is launching a structured investment product based on the performance of its “Cryptocurrency Exposure Basket,” which tracks stocks of publicly traded companies with exposure to cryptocurrencies. The weight of each stock is “determined b ...
