BTC trade ideas
New support level or now trading in a lower range?BTC has set a lower support level, or has just dropped into a lower range. For now is supporting the top of the range but we'll have to watch over the weekend to see which direction this goes. Consolidation at this new level? Seems that everyone believes in equities at the moment. Watching for a break out.
Are we back at a new support level or will we break down again?We seemed to inch up just over the range we've been consolidating in and have 'just' peeked over the range we've been consolidating in. Will this hold? Or will we fall back into the range as we have previously? Seems gold is shinier than bitcoin right now.
Consolidating in this channel or preparing to break out above?The momentum seems to be weak here as we consolidate in this channel. Do we break out above from here or test the support level below again? Or will we hang out until everyone gives up, break out above and then trigger FOMO buying?
Further downward momentum into support?BTC indicates underlying value of GBTC (not exactly 1:1 as GBTC is a 'representative' fund). Current trend is downwards into a range of support that has been touched several times recently.
BITCOIN ALL TIME HIGH ANALYZE! AFTER THE RISING WEDGE PATTERN FAILED AND THE PRICE IMPULSIVELY RISE AND BREAK THE ALL TIME HIGH PRICE
WHERE IS THE RESISTANCE?
WHERE WILL BITCOIN STOP AND DO HIS SECONDARY REACTION? (DOW THEORY)
IN HERE I WILL USE THE GOLDEN RATIO 2.618 OF XAY FIBONACCI EXTERNAL RETRACEMENT AND THE PRICE WILLBE STOP AT 371.707B
DISCLAIMER ON!
Bonfire built trend symmetry. BTC MARKET After finding true square to price, I built rings from midline to historical pivot tangents. After that , I used intersections and 45 degree lines to find possible trends and pivots to look for in the future. Mnay things not marked on this chart as it would get way over crowded. The curved trends show tell a story on it own. Long term bullish but many did not see that the market cap is already ATH.
#Bitcoin's Market Cap hit an All Time High this week!#Bitcoin's Market Cap hit an All Time High this week!
Even not reaching ATH in price (yet Smiling face with open mouth and cold sweat), due to the issuance of coins over the last 3 years (~3.5%/year) it was able to do it anyway!
Another metric that gives #BTC a bright future to come Slightly smiling face
BTC IS ALREADY AT 20K USD !!What we consider as a target to reach and the razor's edge separating us from the new bull run is actually only a decontestualized number. Indeed, if we look at the market cap, the BTC market already reached the ALL TIME HIGH of Dec 2017 as new btc were mined in the meantime.
BTC IS ALREADY AT 20K USD !!What we consider as a target to reach and the razor's edge separating us from the new bull run is actually only a decontestualized number. Indeed, if we look at the market cap, the BTC market already reached the ALL TIME HIGH of Dec 2017 as new btc were mined in the meantime.
BTC market cap ATH is a stone throw awayHi All,
We are very close to break ATH market cap on BTC.
Since more BTC is around now, obviously a smaller price is needed to march 2017's market cap.
Another milestone achieved?
What do you think?
Thnx
Jad
BTC Market Cap MOON MissionThe second cycle we are seeing appears to be a more powerful version of the first. I believe this money will flow into the extremely oversold alts before rugging them again around summer time.
btc/usd -- LONG TERM FORECASTWe still have %90~ gains remaining before harmonic completion
Lets see what the future has for us
Goood luck
BTC MARKET CAP - ON THE EDGE OF THE BULLRUNHello, the btc price is still not at the June 2019 levels, but the market cap is, as new BTC have been mined since then. The reaction to this level is therefore very important. I expect a small retrace from here, but should this not happen, and the 246bn level be broken to the upside, we can say that the bull run is starting.
