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Bitcoin Accumulation or More Pain to Come?As I've been saying. The best case scenario for Bitcoin during these upcoming months is to hold and stay above the crucial $30,000 level of support. Our worse case scenario is having daily and weekly candle closes below $30,000. Looking at the monthly chart we're approaching bearish divergence on the MACD and most likely will diverge. The question is can $30,000 continue to hold as the market continues to slowly sell off. How much more fearful can we get? We are now back at the bottom of this channel once again. As long as we're at these levels expect Bitcoin to come back down and re-test the lows $28,750. This is nothing we haven't already seen. I can smell the fear, uncertainty, and doubt through my screen every time we range back down in the lower $30ks. A couple things to keep in mind: * On the Fear & Greed Index Bitcoin has been extremely fearful since May 14 and we continue to remain extremely fearful. * This is the longest time in Bitcoins history we've been in a prolonged state of extreme fear. * A Death Cross (200 day MA going below the 50 day MA) has already formed on June 19th. * Bearish Divergence is approaching on the monthly MACD. * Google Searches for Bitcoin are at a 7 month low. * Unlike the 2017 market top & crash its confirmed that Bitcoin has been in a Wyckoff Distribution schematic. Which indicates there's big money, wall street, and major financial institutions are more directly involved in this market than ever before. *It has so far been evident that Bitcoin between $28,000 - $31,000 have been very hot accumulations zones for whales. Of course that can always change. *If we can't hold $30,000 then $20,000 may be our next stop. This current market sentiment and fear will not be here forever. When we're very greedy then becoming extremely fearful becomes greater over time. After we've exhausted being extremely fearful then our human greed over time slowly starts to build up again. It is a constant back and forth. We will come out of this period more resilient than ever. I do believe we will probably remain sluggish for the next couple of months if there's no decisive break to the downside just looking at the monthly charts. How low do we go? Nobody knows we need to take this day by day and week by week. Don't forget the underlying power that you have by owning Bitcoin. You are you're own bank. You have digital property and freedom outside of our corroding financial system. Bitcoin is a powerful technology that monetizes peace, fairness, and mathematical integrity in economics. This is why its a big deal and will not go away. Much peace, love, health, and wealth.
COINBASE:BTCUSDLong
by peacefuljustin
Custom PM vs Cryptos chart heavily favors gold, silverHere is a chart I put together and have been keeping an eye on for some months now. I was able to predict the recent bottoming formation which has held up nicely. The chart is adjusted to reflect the current gold-silver ratio, putting them on equal ground, and similarly with the btc-eth ratio. As you can see, the rise in precious metals versus cryptos has happened significantly in the past, by some 637%. I know people want hard numbers for this prediction, but that's impossible since there are 2 main factors: The price of metals and the price of cryptocurrencies (namely the top 2 here). Maybe one goes up and the other goes down, or they both up but relatively one more than the other. What one can surmise from this chart however is that it currently looks still very bullish for precious metals versus cryptos. This is backed by fundamentals such as the shifts taking place with basel III, metals held in an extended accumulation phase, and bitcoin and etherium coming down from it's blow-off top.
TVC:GOLDLong
by greenvention
1
Importance of diversification across asset classesAny feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :) In this post, we have attempted to cover the importance of portfolio diversification. To drive our point home, we have taken a 2-year reference and divided it into 3 parts: Pre-pandemic : January 2019 to 10th Feb 2020 Height of the pandemic : Feb 2020 to 23rd March 2020 Post pandemic : 30th March 2020 till present The 3 classes of asset that we included in this analysis are: Cryptocurrency- ETH Stocks- S&P 500 Commodity- Gold Pre-pandemic period: ETH was on a bull run as were other major crypto currencies. It shot up more than 125% during that period. The S&P 500 index was up by 38.5% during the same period, while the precious commodity, Gold, rose by 24.15%. At the height of the pandemic: It was a testing time for the diversification of portfolio. Holding any particular asset class and not diversifying at all, proved to be a disaster for many naive investors. ETH dropped by approximately 65%. The S&P 500 index tanked almost 33%, while Gold, considered to be the safest asset, lost 12%. Post-pandemic period: It was one of the massive bull-runs in the history of bull runs. Patient investors who entered into the markets at the height of the pandemic saw their wealth growing multiple times. Moreover, with the Central banks around the world printing currencies at a furious pace, the only way to beat inflation was to invest in high alpha generating assets. ETH shot up almost 1800% during this period, which is a 18x return. The S&P 500 shot up over 94%, while Gold went up by a meagre 21%. Considering the returns and the risk over these 3 periods, it can be stated with absolute conviction that the need for diversification is supreme. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
BITSTAMP:ETHUSDEducation
by Mudrex
2
Bitcoin Undervalued (Don't Get Use To These Prices)We go up like and escalator but come down like an elevator. That's Bitcoin... We are slowly but surely grinding our way to the upside above the 200 day moving average and out of this support and resistance channel between $32,000 - $40,000. We recently got rejected at $41,000 but that's ok! A retest and bounce off between $35,000 - $38,000 is a healthy sign. We have been closing with higher weekly candles since the Elon Musk induced market crash a month later. Fundamentally I personally do not believe we will head back below $30,000. I think that's an overly bearish scenario since the majority of the heavy sell off already happened May 17th. We've remained over $30,000 despite the "Russian" ransomware attacks, antagonizing Elon Musk tweets, and Donald Trumps Bitcoin scam comments. But coming back down to the lower $30k levels is always possible. My target for when we will be steadily back above a solid $40,000 Bitcoin and out of the support & resistance channel is by the end of August if we keep this trend going. Remember what doesn't kill Bitcoin only makes it stronger. Bitcoin became legal tender for an entire country for the first time in history this month. I'm inclined to believe that by the end of the decade El Salvador will not be the only country to accept Bitcoin as legal tender. It is also only a matter of time before over 80% of all Bitcoin mining will be done using 100% "clean green" renewable energy. We will not be at these low Bitcoin prices for too long. Now is your chance to add to your Bitcoin positions if you haven't. I use to tell my friends and family Bitcoin under $10,000 is a steal a year ago. Now I'm saying Bitcoin under $50,000 is a steal. Don't miss this accumulation phase and don't let the hyper volatility get the best of your emotions. It goes both ways. Bitcoin was the strongest asset class to hold from 2010 -2020 and Bitcoin will remain the strongest asset to hold from 2020 - 2030. Why? More people and capital comes into the network over time than goes out year after year. As always much peace, love, health, and wealth. If you believe in economic freedom, peace, and integrity then you believe in Bitcoin. We will not be trading at these prices or be below the 200 day moving average for too much longer.
COINBASE:BTCUSDLong
by peacefuljustin
2
Bitcoin How Low Can We Go? Heading To Heavy Accumulation Zone.First it was Elon Musk, then the China mining crackdown, then the Colonial Pipeline ransom, and now Donald Trump thinks Bitcoin is a scam oh no!!!! What's next on the Bitcoin punching bag? Overly optimistic when prices are high and overly pessimistic when prices are low is how our emotional psychology works plays against us. The lowest point I see Bitcoin potentially trading at is $27,500 at worse. Can we get below $30,000? Absolutely. But as I said previously I believe Bitcoin at these prices is going to get purchased up very fast especially if we drop below $30,000. Are we heading towards $20,000? I still don't believe so when a company like MicroStrategy goes $400 million into debt just to buy more Bitcoin at around $30,000. That's just my opinion though I could definitely be wrong. We're at the bottom of this channel and Bitcoin between $28,000 - $30,000 is a very hot buy zone. Don't let the media trick you into thinking that your Bitcoin is worthless or it's a scam. Bitcoin is here to stay and bring mathematical integrity to our current economic system. El Salvador just became the worlds first country to adopt Bitcoin as legal tender. Meaning that Bitcoin will be widely adopted by El Salvador to pay all forms of public and private debt within the country. My question is which countries will be next? We're probably going to have a choppy summer of sideways movement between $30k - $40k but don't worry. These prices will be another time we reflect and say "I wish would've purchased more." Much peace, love, health, and wealth! Always hodl and never sodl at a loss. We will get through this period.
COINBASE:BTCUSDLong
by peacefuljustin
1
Uniswap (UNI) Forming Road to $50 then $100? V3 & EIP1559 Everybody's favorite Unicorn. Yes I said it. We're on our Unicorn path to $100. The reality is another +130% increase from these price levels will put us at a $100 Uniswap. And if we continue to hold this bull trendline we may be there by next year. With these bull market conditions another 1.3x isn't too farfetched. We still have yet to see the full post network effects from the highly anticipated V3 upgrade coming into Uniswap tomorrow. Another huge factor in Uniswap's price I believe is Ethereum's EIP1559 effect on Uniswap. Ethereum's EIP1559 essentially means every transaction on Ethereum will burn ETH gas FOREVER. Meaning the supply of Ethereum will be diminished every year. I can only imagine how that will effect the price of Ethereum and Uniswap in the long term once Ethereum switches over to proof of stake and Ethereum becomes a scarce asset. Uniswap is already 52% through it's circulating supply and its hard capped at 1,000,000,000. The total value locked ( TVL ) has grown exponentially by over $6 billion dollars since October of 2020. Uniswap is only at a $22.5 billion dollars as a global decentralized Exchange which to me is undervalued for the value Uniswap brings to entire crypto space. As DeFi and Ethereum grows so will Uniswap. I can literally go on for days about Uniswap because there's a lot of upside. I'm very bullish about Uniswap this cycle and still holding my bag throughout the rest of the year. Cheers! Much peace, love, health, and wealth!
COINBASE:UNIUSDLong
by peacefuljustin
9
VeChain (VET) Next Stop 10 Cents.VeChain has been itching to achieve an all time high of 10 cents. We've been trading between a low $0.08 cents - $0.095 cents since March 20th. It seems like the VeChain train is waiting a little longer for people to board before the next journey beyond $0.10 Cents. We have also been flirting with the 50 day moving average re-testing and bouncing off of it. It also seems like entries for positions at or below the 50 day moving average has yielded some positive gains. As I've said before VeChain is the blockchain for enterprise, logistics, inventory management, and supply chain distribution for small and big business. VeChain virtually has no competitors, expansive partnerships from small businesses to governments, and is a first mover in blockchains when it comes to these industries of business. Personally I believe VeChain will run way past 10 cents by to top of this bull cycle and has the potential to be a top 10 cryptocurrency. There is real world use case and applications being built on VeChain almost everyday. VeChain will continue to develop and revolutionize our antiquated logistics and supply chain systems we use today throughout the rest of 2021. Even at almost 10 cents VeChain has been undervalued in my opinion and still has room for a lot of upside. I still believe VeChain has a $1 potential this bull cycle in cryptocurrency. Much peace, love, health, and wealth!
Long
by peacefuljustin
2
Ethereum Undervalued Still Under $2000 Will Moon 2021 "But in this world nothing can be said to be certain, except death and taxes.”- Benjamin Franklin, in a letter to Jean-Baptiste Le Roy, 1789. I say "nothing can be said to be certain in cryptocurrency except Bitcoin and Ethereum." I'm no fortune teller but if I were to bet I'd say that Bitcoin and Ethereum will still be dominate forces beyond the year 2030. It's no doubt that Bitcoin and Ethereum are the brain and heart of the cryptocurrency ecosystem. Therefore they are also the safest cryptocurrency investments. With that being said Ethereum has still barely scratched the surface in it's price discovery phase. While Bitcoin has already had a 300% increase from it's previous all time high of $20,000 to $60,000, Ethereum has only went $1400 to $2070 barely a 50% increase from its 2017 all time highs. This is great news for anybody investing in cryptocurrency. Ethereum still has a massive amount of room to grow. Today I find myself telling people to at least own more than 2 Ethereum if possible and become a multi-coiner. Ethereum is the next layer of the internet and the and will be destined to achieve a trillion dollar market cap just like Bitcoin. Ethereum under $2000 today is a steal. Don't sleep on Ethereum and then one day you wake up and realize it's over $10,000 per coin. I didn't say anything though. Much peace, love, health, and wealth.
COINBASE:ETHUSDLong
by peacefuljustin
Bitcoin Preparing for New Highs April. $100,000 Inevitable.As in the words of Michael Saylor: "There is no better asset to buy, there is no better asset to buy, for a third time there is no better asset to buy." Don't get lost chasing alt-coins that you forget to accumulate the ultimate apex financial asset of our lifetime which is Bitcoin. I have been telling people for the past 2 months that Bitcoin under $100,000 is a good deal. I remember when I use to say Bitcoin under $10,000 was a steal not that long ago. We have been trading above a steady $50,000 for Bitcoin the past couple weeks. It seems like every time we test the 50 day moving average and bounce off we get a beautiful run up. January 27th 2021 was the last time we touched the 50 day moving average and that yielded a 100+% gain in Bitcoin price within 45 days. We also have a bullish divergence on our daily MACD. History repeating itself? We'll see. Always stack those satoshis! If you don't know what to buy just freaking buy Bitcoin! Convert that dirty fiat currency loosing 20% yearly purchasing power into Bitcoin that gains purchasing power every year. Much love, peace, health, and wealth!
COINBASE:BTCUSDLong
by peacefuljustin
4
Bitcoin's Next Psychological Destination $70,000In many ways I still feel like we're just in the very early stages of this bull cycle in Bitcoin. Interesting to see how this one will play out. We just hit the $60,000 psychological number and $70,00 will be next. Grayscale Capital and MicroStrategy Investments are investing heavily at all time highs. They will continue to do so even past $100,000. Don't forgot the avalanche of corporations and intuitions that want a piece of that Bitcoin pie. Bitcoin is starting to seem like a good price under $100,000.
COINBASE:BTCUSDLong
by peacefuljustin
Bitcoin New Psychological Price Floor of $40,0000?Will we ever see Bitcoin in the $30,000 - $39,000 price range again? We've been forming a nice psychological base support level above $40,000 since February 8th. Ever since Elon Musk & Tesla announced their historic purchase of Bitcoin the days of even a $40,000 Bitcoin may very soon be a thing of the past. But of course that's just mere speculation there's always a possibility we go back down. Now every day that goes by we're starting to miss the days of accumulating Bitcoin at "cheaper" prices. As of now from the 4 hour chart perspective Bitcoin below $47,000 is seeming like a nice buy. Remember this is the year of the "Great Race" for Bitcoin. We need to consider that world governments, corporations, financial institutions, business, and individuals world wide are starting to realize the fundamental need for Bitcoin as we'll continue to see the destruction of fiat dollars world wide throughout this decade. The only solution governments know is to continue printing cheap money .The biggest global Fear Of Missing Out (FOMO) possibly in the history of man. There is a need for Bitcoin now more than ever. Cheers and much love and peace as always! Stay wealthy and stay healthy!
COINBASE:BTCUSDLong
by peacefuljustin
4
GateChain Token allTime breakout - $GT $GTXHey frens I just wanted to show u my fav chart of my fav native exchange token. I watch BNB, HT, LEO and GT, which all are about to breakout any moment or really sewn. This one $GT is my winner of them also I have the feeling there is something incoming for all crypto exchanges and their assets. Suprisingly even $HT performed better to me, then the notorious one $BNB, but for sure I have no idea for what $LEO is doing there. Good luck for this coming event
by UnknownUnicorn2332549
3
Undervalued Bitcoin - A lot of room for capital gains According to PlanB's Stock to Flow Cross Asset Model (S2FX), Bitcoin (BTC) is still undervalued by 35% as of now and the fair value of Bitcoin will climb further in the next month. The S2FX model predicts a Bitcoin price of around 280k USD by end of 2024 at latest. What we saw in the last weeks is a lot of buying activity of institutions like Microstrategy, Square and Greyscale Bitcoin Trust driving the prices higher and higher. My personal opinion is that this is still the beginning of the big Bitcoin pump in the upcoming month. More and more institution start buying bitcoin against a hedge against the endless printing of FIAT money. FOMO (Fear of Missing Out) is following.
BITSTAMP:BTCUSDLong
by Tools-for-Trader
4
DO NOT MISS RAVENCOIN !!!"Ravencoin is a peer-to-peer blockchain, handling the efficient creation and transfer of assets from one party to another." That is the use case reported on their website. From what I understand they are active in issuance and tokenization of assets. You can buy it on Binance, Bittrex, Bitrue, and other important exchanges. 24 H VOLUME today is almost as high as its entire market cap !! Volume 120 Million $ (with 150 M MarketCap) !! THIS IS WHY I take a small position (1% of portfolio) in this coin. Will add once we break resistance. On balance volume is trending higher since a long time: accumulation. RSI is picking up. Price looks like it wants to break out of a bullish descending wedge soon. We are right at resistance around 250 - 270 satoshi, but once it is taken out, the rise could important. This coin has still not pumped, but I am sure it will ! Take a close look.
Long
by Dangermousebanana
5
Atom Still Making Higher Lows Within Ascending Channel Have had my eye on Atom for quite some time now. There may be an exciting opportunity here as this is a "new coin" that has not seen the pump of a bull market. Fairly low total supply about 3x of Ethereum. I was lucky enough to get a very small bag of $7 ETH by total chance so Im fully aware of what is possible. Interoperability will be a major need in the world of many cryptos. I believe few cryptos will stand at the end of the blockchain bubble but that is a long ways off. .com bubble was mainly US investors and it peaked around 6 trillion. Crypto is global.... Time will tell. Wish everyone the absolute best. Cheers
KRAKEN:ATOMUSD
by MitchMilli
Long term investments - 2019: LVMH - LVMUY - MC.FRLong term investments - 2019: This is a series of posts on long term investment for 2019. Every serious investor establishes a solid money management with a balanced risk factor. Investing 100% of your savings in forex or crypto currency is like make a blind all in at poker. So a key factor is to choose which asset allocation suites better for you and to found low risk investments on long term. This investment and assets suits my needs. Today choice is LVMH group but could be other luxury assets . This is why: 1- The World Economic Forum (WEF) pubblished the new World Inequality Report 2018 where it is highlighted an increase of inequality between high and low salary. As a consequence, who has money can spend more in luxury stuff and luxury assets will continue to grow in long term. 2- Technically speaking, the first strong resistance area is between 352 and 364, so there is enough room at north for increase its value. 3- Looking at seasonality charts (2015-2019), best moment to buy are January, July and September. If you like my ideas and scripts, please leave a feedback and follow me.
OTC:LVMHFLong
by 03.freeman
SILVER (XAG/USD) | 16.500 - Keep An Eye On It!Hi, Green area consists of: 1) Fibonacci Golden Ratio 62% 2) Fibonacci Extension 127% 3) Middle number 16.500 4) Daily & Weekly EMA200 are around the marked area. 5) 2X AB=CD! 6) Channel projection 7) Let the bullish price action around the green area guides you into the trade! 16.500 is the key level, wait for a smaller timeframe candlestick patterns after the touch. As said let the price action guides you into the trade ;) If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Regards, Vaido
FOREXCOM:XAGUSDLong
by VaidoVeek
1