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Bitcoiusd

#btcstarburst THIRD TIME IS A CHARM!!This is another look at a GANN study… Here we see the bounce, If we are heading to the 60k region and it kind of looks like it, maybe we break through clean.. There are three options on the board… Support levels look pretty good… fear and FUD is falling… So the question really is hold and buy or Sell? BTC will always go up long term… It always has. We could be in for a massive double Bottom… and or Not…. Either way DCA safely this is time to accumulate 25k-45k is a quality buy especially if you are a HOLDER… If we ever spike to 11k something is definitely off in the market, THE FUD that comes out is timed to perfectly!! This is a study
KRAKEN:BTCUSD
by Jonnycatx
Bitcoin: Final pressure point before the new bull market.Using the Gaussian Channel, we can see how last week's aggressive rise has now entered into the bearish wave length. In the 2014/ 2015 bear cycle, the time it breached this length marked the final pressure point before the new bull market started. It is rational to assume that Bitcoin has entered into a "buy-the-dip" phase as the consolidation of the accumulation/ distribution stage unfolds. The next question that arises is how long will the bearish wavelength last this time. In 2014/ 2015, the spike that breached into the bearish wave length was at the middle of the cycle and lasted approximately 406 days. If this time last week's spike represents what the 2014/ 2015 one did, then this wave length should last less than 406 days (315). Whatever the duration, BTC is most likely at the very early stages of a the new bullish cycle. Get a quick idea why by clicking on the study below: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
BITFINEX:BTCUSD
by InvestingScope
20
Has Bitcoin made a Bottom according to the RSI?We continue our series of large scale studies on the long term behavioral charting of BTCUSD, this time by looking at the RSI. On the Monthly chart the RSI has made a Double Top event during the previous economic cycle on April 2013 and November 2013. This was the 2013 uptrend's phase of Enthusiasm, Greed, Delusion and New Paradigm that eventually paved the way for the blow of the bubble stage and led to the 2014/ 2015 bear cycle. The RSI made a bottom sequence on that bear cycle within January - September 2015 where retail investors hit the despair phase but smart money and institutional investors started accumulating. Similarly in the most recent (current) cycle, the RSI made a Double Top on August 2017 and December 2017 and last month (Dec 2018) hit the support of the previous cycle's accumulation phase. Based on the above parameters we can assume that this is the current "despair" phase for retail investors and the start of the accumulation phase for smart money and institutions that sold the 2017 Double Top. The conclusion is that a bottom has been formed (always based on that model) and a prolonged consolidation period is ahead until the next bull run. Have a look at some of our previous studies that are linked to the current chart: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
BITSTAMP:BTCUSD
by InvestingScope
Can Ripple surpass Bitcoin's market value?Weiss Ratings claim that Ripple's XRP will surpass Bitcoin by market value, being currently the third largest coin with a market capitalization $14.8B and an average daily trading volume of about $500M. Specifically they emphasize that: "Payment networks tend to have a higher value to society than stores of value. That’s why we expect payment networks like #XRP to take over #BTC in terms of market cap in years to come – not necessarily 2019. #crypto #bitcoin #altcoins," the company wrote in its Twitter account" (source: twitter.com). Based on the the strength to weakness ratio of the two coins, we see that XRP is much more aggressive with its bullish runs than BTC but also declines more on its bearish sequences than BTC. However the rate of XRP's bull runs is greater than the advantage BTC has on its bear runs. Notice that while BTC bottomed to its mid September 2017 value, XRP did so to its mid December 2017 and is since consolidating. Although the above showcase the strong foundation of XRP, we cannot go as far as Weiss and claim that Ripple's payment network (cap of traditional networks is in the billions) can overthrow Bitcoin's store of value (cap of traditional store values is in the trillions). History has shown that store of value is generally more durable and can be even more so on a highly skepticistic market as an early disruptor as the cryptocurrency market is. We gladly welcome your thoughts on this one. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
BITSTAMP:XRPUSD
by InvestingScope
12