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BITCOIN, Channel-Breakout Emerged, Further Determinations!Hello, Welcome to this analysis about Bitcoin and the daily timeframe perspectives. As mentioned in the previous analysis Bitcoin formed this major ascending-channel-formation, if you did not see this analysis already I highly recommend to watch it having a full-depth-overview. In recent time, Bitcoin formed the breakout above the upper-boundary as expected which is now fulfilling one fundamental groundstone for the all-time-high to finally complete. In this case now I discovered further important determinations that are necessary to consider here, therefore I detected all the important levels, structural formations and upcoming determinations we need to consider with Bitcoins established structure. When looking at my chart now we can watch there how Bitcoin moved on with the breakout above the upper-boundary and advanced further in this area. Now as Bitcoin approaches the local resistance a pullback from there on has a higher likelihood, once this pullback has completed it will be important on how Bitcoin approaches the levels in the structure mainly the confirmational-bounce-cluster that is marked in blue in my chart. In this cluster several supports coming together such as the horizontal support, the upper-boundary of the ascending-channel and the 20-EMA, this level is important to hold and bounce off and when Bitcoin shows up with it this will lead to the origin-formation to complete a new all-time-high. Taking all these factors into consideration there is good potential to consider a confirmational formation above the upper boundary here which can take the shape of a bull-flag or a triangle-formation, once this formation completed and bullish continuations show up it will lead to the breakout into the new all-time-high. In this case it is necessary that Bitcoin really shows up with the bullishness and does not increase bearish signs that can invalidate the formation and lead to a pullback again. As always it is pivotal to await the final confirmations before moving into a proper direction rather than over-speculating the market into a one-sighted direction and rushing into trades that do not satisfy. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
26
BITCOIN (BTCUSD) – Week 42 – Embrace the new all-time highAmerican finservice company Square will soon begin investigating technical requirements for building an open-source Bitcoin (BTC) mining system, according to CEO Jack Dorsey. Jack Dorsey said in a recent tweet storm that “Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. The more decentralized this is, the more resilient the Bitcoin network becomes.” Dorsey believes that further decentralizing the Bitcoin network will be critical for securely settling the transactions “well after the last bitcoin is mined.” Moreover, Square’s system aims to deliver energy-efficient mining solutions by innovation in silicon, software, and integration. After denying, delaying or ignoring dozens of applications over the last four years, the U.S. Securities and Exchange Commission has given its approval for the first Bitcoin ETF. ProShares filed an amended prospectus on Friday, indicating that it has received the go ahead for its Bitcoin Strategy ETF to move forward on Monday. The company's ETF is tied to Bitcoin futures contracts, rather than directly to the current price of Bitcoin, but its approval still represents a landmark moment for the crypto industry. Technically, Bitcoin did exactly what we forecasted in our last weekly report. We expected a correction and then a continuation to the upside and it happened. For this week the higher probability move remains to the upside as we have no technical clue that would indicate a reversal. We may see a correction that will reach the blue trendline marked on the chart and after that the continuation to the upside. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:BTCUSDLong
by financialflagship
2
BITCOIN TRIANGLE-CYCLE, These TRIANGLES Are EXTREMELY PRECISE!Hello, Welcome to this analysis about Bitcoin, the weekly timeframe perspectives, and the major underlying triangle-formation that I have detected coming in several different variants and timeframes on the lower as well as higher timeframes and varying in amplitude. What is so amazing with the triangles Bitcoin is forming is that they actually are extremely precise and in a highly vast majority of cases reach the objected target-zones. Therefore I will look at the past triangles Bitcoin that I published Bitcoin has formed in the past and then also contribute them into the broader context with the long-term-cycle Bitcoin is trading in and the current main decisive ascending-triangle-formation likely to complete next. ▶ Current News Objectives: From a fundamental news perspective, we can catch some very important and pivotal developments in the Bitcoin and Cryptocurrency space recently. Since China the previously biggest Bitcoin mining hub banned Bitcoin mining and trading just two months ago miners from China settled out into more supportive places mainly in the united states and now just two months after the ban the United States became the biggest Bitcoin mining hub, this is why we see mining activity and the hash rate increasing recently which is converting into increased demand and therefore positive for Bitcoin bullish developments. Besides the launching of a major Bitcoin-ETF comes nearer, therefore these developments indicate a bullish sentiment that fulfills the fuel for Bitcoin's current major triangle to complete. ▶ Major Bitcoin Triangle-Cycle And The Current Triangle Forming: When looking at my chart we can watch there how Bitcoin has established this major triangle-cycle with two massive historical triangles already completed, the first historical triangle is this huge ascending-triangle and the second is this precise symmetrical triangle formation, both targets of these two major massive triangle-formations have already reached, the target of the first ascending-triangle with the peak of 2017s bull-market and the second of the symmetrical triangle with the top at 60.000 USD before the China FUD spread. Now in the current dynamic, we can see this very solid ascending-triangle forming which is marked in blue and which is likely to complete in the next times because demand is increasing both fundamentally and technically, completion of this triangle will appoint to the upper distribution range of the massive triangle-cycle from where Bitcoin needs to show if it reverses or forms the next triangle. ▶Previously Formed Bitcoin Triangles Analysis: Bitcoins Huge Symmetrical Triangle Reached Its Major Target-Zones At The 60.000 USD Level: Bitcoin Triangle On The 4-Hour Timeframe Completing With A Exponential Upside-Breakout Like Expected: Bitcoin Triangle-Formation On The 1-Hour Timeframe Fulfills More Likely Bullish Breakout To Reach Out Targets: Bitcoin Triangle On The 4-Hour Timeframe Finalizes With Higher Likelihood Bullishness To Accelerate Bullish Volatility: In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
42
BITCOIN, ROADMAP To A New ALL-TIME-HIGH!Hi, Bitcoin has properly completed the main bull-flag-formation and the major massive cup-and-handle-formation in the structure. Bitcoin is now holding solidly above the upper-boundary of the bull-flag and Bitcoin is validating this by staying above the neckline of the paramount cup-handle-formation that completed greatly with the breakout above the neckline, if you did not see these analysis already I highly recommend them to watch to have a full-depth-overview. Now in this structure I discovered important establishments Bitcoin is now developing on the daily timeframe perspectives with a possible accelerating breakout to a new all-time-high-condition incoming. Therefore as when looking at my chart we can watch there that Bitcoin has formed this major huge ascending-channel-formation with the coherent ABC-wave-count within and the local bull-flag recently completed. Bitcoin now moved into a bullish-transition-zone where it is holding above the local bull-flag and preparing to form the further continuation bullish-breakout when demand increases in the near future this is a likely scenario to be expected. When Bitcoin then bounces above the upper-boundary of the ascending-channel it will be the great setup from where Bitcoin merges higher to form the final all-time-high with the wave-C-extension as shown in my chart. Bitcoin is also strongly holding above the 55-EMA in black and the 20-EMA in red which are great supports here, therefore when Bitcoin should pullback these will be the first supports where Bitcoin will likely bounce and continue the dynamics. Once the breakout above the upper-boundary has emerged this will activate upside-targets and technically they are in the 80.000 Usd area. As we see now it is always pivotally necessary to always keep patient in the market and wait for the right confirmations rather than overspeculating the market as it is seen to often these times, it is necessary to have a roadmap to hold against smart money operators and market makers omnipresent in this market. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
17
The Epical Rise Of Blockchain, Bitcoin And Cryptocurrency!Hello, Welcome to this analysis about Blockchain, Bitcoin, And Cryptocurrency. In the past decades Blockchain, Bitcoin and Cryptocurrency established a paradigm and rise to the top in a faster, higher, and more accelerated manner since it was never seen before in human money history. In fact, as I already mentioned in a previous article Bitcoin is the most innovative and technologically advanced money form in history, it is due to the fact that it is scarce and can not be increased by will like it is the case with fiat money in its form we see today, even gold is not completely scarce because it is unknown how much of it can still be mined, for Bitcoin it is clear only 21 million can be mined. These developments come not from nowhere, in fact, the origins of Bitcoin and other cryptocurrencies as we know seem today have their roots back years before the first Bitcoin transaction was made by the famous Satoshi Nakamoto, all this came from smart people who made thoughts on how a decentralized, scalable and scarce money can be created to the astonishing developments we have seen till today, even whole countries adopting the technology as a legal tender. Therefore I looked at all the important developments for Blockchain, Bitcoin, and Cryptocurrency that were recorded till today and categorized them into three main periods. THE TECHNOLOGICAL-INITIATION-DEVELOPMENT-PERIOD: When looking into the history of Blockchain, Bitcoin, and Cryptocurrency it becomes clear that the first footsteps of this innovational technology were spotted in the 20th century, to be clear it was in 1979 the year in which Ralph Merkle published the Merkle-Tree in its P.h. D. thesis, it was the very first model of a blockchain which already provided an approach to public-key distribution and digital signatures, an epical moment that should lie grounds for the further developments following in past years. In the years following this event many important technological events and inventions took place such as hashcash which was the very first digital form of a proof-of-work conceptual technology, proof-of-work is the central process behind mining Bitcoin. In 2004 then Hal Finney came to the surface whom some describe as the secret hidden Satoshi Nakamoto and in fact this can be possible as Hal Finney already created a Non-Exchangeable Non-Fungible Token Exchange Dynamic with the proof-of-work concept implemented. Then just some years later in 2008 a mysterious Satoshi Nakamoto who can be a group, a person or a company, it is still unkown till today published the Bitcoin white paper. Only one year later the theory became reality and Bitcoin launched with the first transactions taking place, the framework of later exponential developments in Blockchain, Bitcoin, and Cryptocurrency. THE INCREASED-PUBLIC-ATTENTION-PERIOD: Since Bitcoin has firstly seen daylight in 2009 till some years later in 2011 Bitcoin was mainly used by computer nerds and early adopters who found the technology great. Even though many years in the fore have passed with the first technological developments it was still very early for Bitcoin and no public attention caught on however this should change in the coming years with the infamous Mt. Gox cryptocurrency exchange emerging and Bitcoin shooting from some dollars to over 1000 Usd in some months, such a rise in price action was extremely new and in this time Bitcoin was initially spotted by the public, many called it a bubble however following years should prove that this should be not the case. This time was also the period in which other cryptocurrencies besides Bitcoin launched into the space such as Ethereum emerging with its white paper published in 2013 and with the frontier network launching just two years later in 2015, from then on Ethereum moved to the top becoming second-largest cryptocurrency by market-cap besides Bitcoin. This was also the beginning of Cryptocurrency's great astonishing bull-market that protracted till 2017, in which many Cryptocurrency projects launched and IPOs got unbelievable hype. Even to this point many institutions and the public still kept skeptical about the asset which later changed opinion and entered the market and as seen now the skepticism was not approved because Bitcoin formed several higher all-time-highs after it even recovering from the corona crash. THE MAINSTREAM-ACCELERATION-PERIOD: This is the period that began around the ending of the 2017 historical bull-market and is still holding on till now, even it can be said that Blockchain, Bitcoin and Cryptocurrency development is still early and that users coming in just cathing the starting mainstream adoption. Sure Bitcoin showed a heavy bearish crash after the 2017 bull-market however the technological developments still gone on in this phase even when many well-established tech-companies such as Google or Facebook banned Bitcoin, this did not changed the fact that the inherent value still increased and that Bitcoin managed to recover just in this phase, even the corona crash was not able to keep Bitcoin down on the long term and also the well-established tech-companies like Google or Facebook reversed and lifted the bans again to even implement new features such as Twitter implementing the Bitcoin Lightning Tipping feature. All these events drove the demand and realtime-price-action to the upside with Bitcoin reversing and recovering from the heavy corona crashes and making new highs. A new hype around NFTs created and institutional investors from classical payment providers like banks to car companies like Tesla moving into Bitcoin. Even the first country adopted Bitcoin and all these events are due to the fact that we are now in the mainstream-acceleration-phase which is likely to continue for the next time as Bitcoin and Cryptocurrency just began to catch mainstream attention. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Great developments are the seed of fate deeds grow into destiny." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
11
BITCOIN, Potential BULL-FLAG, These Are Important Levels!Hello, Welcome to this analysis about Bitcoin and the 2-hour timeframe perspectives. In recent times Bitcoin heavily developed bullishness to the upside and moved into important resistance zones, there is still an underlying demand dynamic in the market, and in this case, now I discovered the main formation Bitcoin is forming here which will be a decisive factor in the upcoming times, especially when it properly completes. Therefore as when looking at my chart, we can watch there how Bitcoin has developed this main ascending-channel-formation marked with the blue boundaries, within this channel Bitcoin has a coherent wave-count with the waves A to C already completed. Currently, Bitcoin is about to form the wave D in the structure on which the wave E will follow that completes the whole wave-count. In this case, it will be important on how Bitcoin approaches the confirmational-bounce-cluster marked in orange in my chart, when there comes a solid bounce to the upside this will be the likely origin of the completion of this whole bull-flag-formation which will be finalized with the breakout above. Bitcoin will then firstly appoint the 59450 level and test it, when the demand can hold on further there is the potential for a bullish continuation above this level. For now, it will be highly important on how this formation completes, remember that it can also be invalidated when Bitcoin breaks down below the supports, therefore we should keep patient and wait for the final validation. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
8
BITCOIN (BTCUSD) – Week 41 – New all-time high? The crypto market and analysts are pretty confident about the arrival of the first Bitcoin ETF in the U.S. ahead of this month. As per the latest Bloomberg report, there’s every possibility that four Bitcoin ETFs could be coming ahead this month. SEC Chairman Gary Gensler has recently suggested a possibility of getting a Bitcoin ETF that tracks Bitcoin futures. Meaning, these ETFs will hold bitcoin futures offered by the CME Group rather than the underlying asset. A filing with the Securities and Exchange Commission (SEC) shows that Senator Cynthia Lummis (R-WY) purchased between $50,001 and $100,000 BTC on August 16. Bitcoin on this day cost over $46,000, according to the crypto price tracking website CoinGecko. Lummis has been a noted pro-bitcoin voice in Congress, establishing the Financial Innovation Caucus to educate members of the Senate on crypto and regularly speaking out on crypto-related issues. Technically, Bitcoin behaved as we said in the last weekly report. We forecasted a move to the upside and it happened. For this week we see a continuation of the bullish momentum after a correction in this area. The correction may reach the first support area marked on the chart at $50k. We don’t have any reason for now to believe that the price will reverse and make another impulsive move to the downside. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:BTCUSDLong
by financialflagship
2
BITCOINs Massive CUP-HANDLE-FORMATION COMPLETED!!!Hello, Welcome to this Update-Analysis about Bitcoin, in this analysis, we are looking at the 2-day timeframe perspectives. The major cup-and-handle-formation I already mentioned in the previous analysis has now been rightly completed and Bitcoin pulled back from the main resistance to find support within the confirmational-support-bounce-zone rightly as expected, from there on Bitcoin bounced, and continued with bullish developments till the final breakout above the upper-neckline now recently emerged. Technically this was the confirmation of this massive formation and in this case now I discovered the further developments and considerations we need to examine in this situation. As when looking at my chart now we can watch there how Bitcoin is now finally above the neckline and above this neckline it is now forming this confirmational-formation marked with the orange box which can convert into a bull-flag-formation or also a triangle-formation from where on Bitcoin will have the ability to breakout and continue with its further bullish developments to the upside when Bitcoin does not show up with bearish signs and firstly pulls back in the structure. Technically this whole completion of the formation has now activated the target of 95255 USD which is likely to be reached when the bullish demand keeps increasing and Bitcoin advances further with higher highs. Taking all these factors into considerations now there is a good environment for Bitcoins advancement ahead of next times, not only technically but also fundamentally as from a technological perspective many new advancements in this Bitcoin and Cryptocurrency field accelerated such as the adoption of Bitcoin and Cryptocurrency in many fields of the economy reaching from classical payment providers such as MoneyGram adapting Cryptocurrency or Twitter implementing the Bitcoin Lightning Tipping feature, this news currently spread almost daily with new advancements in the field and they also overweighted the negative news that still are there, as we can see now Bitcoin survived this recent China FUD and has the proper framework to do so also in the future. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
35
BITCOIN, MAJOR Descending-Channel BREAKOUT EMERGED!Hello, Welcome to this analysis about Bitcoin, we are looking at the daily timeframe perspectives. In recent times Bitcoin has shown up with a heavy bullish volatility development to the upside inclusively caused by several technological advancements in the Bitcoin field such as classical economy providers launching more and more into Bitcoin and Cryptocurrency or the establishments in El Salvador adopting Bitcoin as well as Twitter launching the Bitcoin Lightning Network Tipping Feature. Also, the institutional inflow for Bitcoin heavily increased in September to a level last seen in May of this year. All these events lying the fundament for the advancement of Bitcoins bullish price-actions of which we have seen the result now with this major bullish increase. Therefore I discovered all the important levels, structural formations, and upcoming determinations we need to consider with Bitcoin in its established structure and the upcoming movements. As when looking at my chart we can watch there how Bitcoin has formed this major massive descending-channel-formation and this descending-channel-formation was recently completed with a bullish breakout to the upside therefore it is the appropriate origin for further increasing bullish volatility and testing of upper resistances. Now in this structure Bitcoin has this great support-cluster marked in my chart in the blue level where several supports coming together such as the EMAs, the horizontal supports, and the ascending-channel, therefore it will be likely that when Bitcoin tests this level in the near future as it is marked in my chart a bounce off this level will emerge from where on Bitcoin continues with the wave C in its wave-count-development and tests the upper remaining resistance marked in my chart in red, when Bitcoin manages to move above this level sustainably this will lead to the further continuations. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "Good fortune is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
13
BITCOIN, ICHIMOKU-CLOUDs Increased BULL-SIGNs Developing!Hello, Welcome to this analysis about Bitcoin and the weekly timeframe perspectives. In recent times Bitcoin managed to hold its structure above the 47.000 USD level which is firstly a good sign and development indicating that Bitcoin bears did not manage to break down this area. Besides this now I discovered further important determinations Bitcoin is forming here that will be decisive in the upcoming times especially when considering the important Ichimoku-Clou-Developments, the Ichimoku-Cloud is an important indicator to measure the bullish or bearishness in the market, and in this case, I discovered high bullish signs with this indicator in Bitcoin, therefore I detected all the important levels and upcoming determinations. As when looking at my chart now we can watch there several central developments with Bitcoin and the Ichimoku-Cloud at central. Firstly we can see that Bitcoin is still holding above the green Ichimoku-Cloud and bounced in this cloud several times in recent times, this makes this whole development a bullish one as technically the bullish trend is still given. Besides that Bitcoin in the last days bounced above both the base-line in red and the conversion-line in blue, the base-line, in this case, is a momentum-trendline above which Bitcoin is now signaling bullish momentum, furthermore, there is a potential bullish crossover incoming with the conversion-line crossing above the base-line which will be a massive bullish sign. Taking all these factors into consideration Bitcoin turned in all significant elements of the Ichimoku-Cloud bullish with also the recent price-action above the lagging span, all these factors are bullish indications, therefore, there is a high possibility given for Bitcoin to form a considerable bullish breakout in the upcoming times which will confirm when Bitcoin finally bounces above the descending-trend-line. Also the built-up above the 20-EMA is important here as this crossover above this EMA in the past was always the origin of increased bull-markets to the upside. In this manner, Bitcoin has a great ground here to build up, and considering these indications it is only a matter of time till a final breakout emerges. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
COINBASE:BTCUSD
by VincePrince
25
How BITCOIN Is Setting Up For A Even BIGGER BREAKOUT!Hello, Welcome to this analysis about Bitcoin and the daily timeframe perspectives. As already mentioned previously Bitcoin is about to complete this potential inverse head-shoulder-formation in the structure with the left shoulder and the head already completed. The recent bullish volatility bounce to the upside has shown how fast the market can increase with volatility and move in an accelerated manner. It was also a great opportunity for us to profit on the long-side, now after these events, the further determinations are highly pivotal for Bitcoin here, therefore I discovered all the important levels, structural formations and upcoming determinations we need to consider with Bitcoins established movement. As when looking at my chart now we can watch there the key developments Bitcoin is forming in this whole structure, firstly important are the massive ascending-channel-formation together with the descending-channel building this range in which Bitcoin is trading now. In this range, we can see the head-and-shoulder-neckline Bitcoin has at the 48200 Usd marked in grey and below this neckline the actual formation forming with the left shoulder and head completed. Now as Bitcoin has still strong resistance within this 48200 Usd level a pullback off this area is highly likely and when this happens it ha good potential to be the leading factor in the finalization of the h-s-formation with the right shoulder. In this case, Bitcoin needs to bounce within the 44750 Usd level to complete the right shoulder and after that the whole formation. Also positively here is the oscillator side of things, as the MACD has formed this main bullish crossover recently which gives a central bullish valuation to this whole dynamic. Besides that, the RSI also formed this descending-wedge-formation and completed it recently with the breakout to the upside adding to the bullish indications for Bitcoin here. Therefore, in the next times, it will be important how Bitcoin manages to finalize the inverse h-s-formation and do not show up with serious signs that can invalidate the formation, when this happens a breakout into the bullish-continuation-zone has good possibilities. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
28
Bitcoin "Uptober" or "Rektober" Market.? Where to 53k or 43k???Respected Traders, Not hope i know for sure most of you guys are having a blast this weekend. Cant say the same about the bears. XD So we have all successfully overcome the "Wake up when September Ends" song on repeat and now we are headed for "Uptober" or are we?? Update on last week: So two things happened exactly as i planned out. 1. No weekly close below the Bull market support band 2. No wick down below 36k So that confirms we are in a bull market. But i'm sorry to say my friends i have a really bad news for you all. In my opinion the push of BTC to 48k was really fast. Now we will be analysing the scenario of what happened exactly on those 15 minutes and i can think of just two things 1. Many people played with leverage 100x after 45k 2. Institutions and hedge funds just had orders right above it. And both are really bad news for bitcoin. Why? 1. If people used leverage that means exchanges will flush you out before crossing 53k 2. If institutions pushed big money inside BTC when Stock market wasn't doing that well then that means they either fear the stock market crash or they just made quite a loss recently. Cause i can say for sure no big funds will buy BTC at this higher price and no company purchased BTC that i know of recently to pump the price up. "News analysis" So where are we headed for now. Tbh i really don't know the answer for sure. But what i can only tell you for sure right now. 1. Don't count Evergrande out just yet. A USA company can still default is what i believe. Next week will be the key moment so watch out. 2. Don't count that FED and the government is gonna solve the problem regarding M2 money supply that has inflated the USA stock market and created this giant bubble. 3. Debt limit crisis on October 18. 4. Celsius, Blockfi and Stable coins gets banned by government as they wanna regulate it all before ETF in december 2021. These all factors above are bearish but 5. If government print that $1T coin we are going for "Blastober" meaning up and up. 6. Or if S&P 500, DJI perform great then too. "Technical Analysis" 1. My chart suggest if we break golden pocket region of BTC with MACD bullish momentum then we go to 53k and then we spend the same amount of time as we spend on 48k 2. If went below 46.5k then we go below till 42.5 or 43k region cause people will be talking about bull trap and also stock market might be going down at that time creating lot of panic "My opinion doesn't matter" I believe we are going down to 36k but only if Stock market crashes as Robert Kiyosaki said. (famous author of "Rich Dad and Poor Dad" ) Till then happy trading my bulls and bears. I hope you guys are right and we see "Uptober" but my gut says no we are going to see "Rektober" cause everything from Stocks , Crypto to real estate and gold. Everything will fall apart this month. Thank you Regards Dante. An artist in crypto.
COINBASE:BTCUSD
by desmondmilesdante
BITCOIN (BTCUSD) – Week 40 – Bullish momentumEl Salvador’s Bitcoin mining efforts are heating up, as the Central American nation has successfully mined Bitcoin using the geothermal energy of a volcano. The Central American country’s president Nayib Bukele tweeted: “We’re still testing and installing, but this is officially the first #Bitcoin mining from the #Volcanode,” he wrote. The update comes only three days after Bukele posted a video of what appears to be a mining center in a remote location, announcing that the country was taking its “first steps.” The U.S. Securities and Exchange Commission has pushed back the deadlines for four Bitcoin ETF (exchange-traded fund) applications to late 2021. They are among at least a dozen outstanding Bitcoin ETF applications on the SEC's desk, filed by various high-profile companies. They include applications for the Valkyrie XBTO Bitcoin Futures Fund (extended to December 8), the Kryptoin Bitcoin ETF (December 24), the WisdomTree Bitcoin Trust (December 11), and the Global X Bitcoin Trust (November 21). Technically, this week Bitcoin broke the orange trendline marked on the chart as we were expecting in the last week’s report. We give a high probability for a bullish continuation for the biggest crypto by market capitalization, with or without a pullback that may touch the trendline or the support zone marked on the chart. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
BITSTAMP:BTCUSDLong
by financialflagship
1