Bitcoin is now next to making the 0.382 Fibonacci retracement test (ATH to 3150 bear cycle Low) and one thing has shocked the crypto world more than anything. The considerably shorter time it has taken BTC to do so compared to the previous two cycles. Few expected such a strong and continuous rebound since the 3150 bottom. Is this right? Since most researchers...
Allow me to be one of the only analysts to inform you that Bitcoin is in a bear market rally. It held the top of the channel that I showed in my last analysis and rallied higher. However, I'm becoming increasingly convinced that the bear market is not over, and that this is a bear market rally. It's hard to know for sure though, because there really is a lot of...
Bitcoin Halving :
New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the reward halves is called a "halving".
In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50...
I´ve spend many days watching the Bitcoin tickers at many timeframes for many years and I realized this is the ultimate chart with important trendlines / gread & fear (based on RSI) / halvening setup which seems to be respected for many years & in my opinion from long tern perspective investing this Weekly chart is most important history based...
Log Analysis (top that was above the channel would be considered a throw-over) - $19,800 top was at the upper boundary of the channel line.
Long-term target for retracement: $1900-$3000 (High Probability $2300-$2840 - 85.4-88.6)
Fibonacci confluence for this area aswell.
Selling Bitcoin here looks tasty. I will try to hold it for next 4-8 weeks to buy more Bitcoin later
BTC agains USD it is hitting strong resistance and forming strong bearish divergence
(Im personally closing my 70% profit trade since Entry at 33xx range called...
Following this spring rally of bitcoin, we will have a longer bear market...…
I have compared the current bear market to the silver bear market and the last BTC bear market.
It's not the first one i have made, but this is the last revision.
Falling triangles, falling wedges, double bottoms, triple bottoms, it's all there and it will take a while before we will...
Market cycle study through sinewave suggests the following:
Bull market are long as one full wave length: Lambda (peak to peak)
Bear market lasts Lambda/2
Accumulation lasts Lambda/2
Currently in accumulation phase.
Sinewave peaks overlap monthly macd histogram peaks
I thought it was time to make a longterm chart, with all these wrong charts going around, hehe.
They are wrong because bitcoins support and resistance lines are NOT linear in the logarithmic chart.
I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue...
The post has been my masterpiece since 2016
It is a really long one and not for everyone, kinda a summary of my 3 years Trading Knowledge and forecast of Bitcoin's future movement!
Who am I? I have been trading in crypto since November 2016 . Seen many shit coins , seen many big pumps and epic dumps.
Made money , Lost money. However, I always focused to improve...
I am a BTC bull, but I see far too many overly optimistic price projections on tradingview.
They seem to draw an exponential channel, instead of the current one, that is curved.
While of course it can be that BTC goes out of the current channel, and bursts through the upper resistance, thus reverting back to its original exponential trend,
I like to be more...