Btclong
Bitcon BTCUSD - Possible Bullish moveBitcon is currenty respecting support level of 22500 . Possible movement is upto next resistance level as marked in the chart.
In second scenario , if support is broken, then next support level of 20800 is reachable in the coming days.
Chart will be updated daily based on the market movement.
Are you guys ready for the bull run?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#Bitcoin Long Term Technical Analysis:-
In this weekly time frame, BTC is trading inside this expanding triangle pattern and is currently bouncing from there.
After the breakout of this expanding triangle pattern, we expect a 400% bounce technical
TARGET:- 73k, 90k, 150k,
This is not a piece of financial advice.
(DYOR)
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Bitcoin's Most Important Upside Reaction AreasObvious key reaction areas to watch.
* one thing to note, the DAY chart is approaching the mixed 200 avg. So I'd expect a reaction around this zone of from 20,100 - 21,600 or so.
From there, we have two obvious reaction areas that anybody who trades my highly effective trading system:
20,187 or so - 4D key reaction level. Follow the rules outlined when trading around reaction levels and PACs
RDA - 22,500 to 23,400 - 4D RDA, if the price gets here, this is the best highest probable short area for a SHORT FADE swing trade on Bitcoin.
I use these charts to define zones, then I drop down to 30m structure chart to confirm a FADE move. From there I typically watch the 5m and TICK charts to confirm an early change in bias. Then on confirmation of a 30m bias change I add at size on key reaction areas.
That's it. Question leave them below and I'll answer, even provide TA.
🟡 The Most Popular Myths About Bitcoin Debunked 🔑During the existence of bitcoin and other cryptocurrencies, a large number of erroneous judgments have appeared about them, which continue to spread among people even now. This leads to cryptocurrency being treated negatively, as the vast majority of myths about digital currencies are aimed at discrediting them.
In this article, we will look at the most popular of them and debunk them for good.
Bitcoin Can Be Hacked
Cryptocurrencies are created based on blockchain technology, which organizes a database consisting of a chain of blocks. Each successive block has information about previous blocks. Such a database is stored simultaneously on all computers of the system participants.
This technology is based on the principle of decentralization, that is, the database is not in one place, and all the computers participating in the system, form a network. To affect the network in any way, it is necessary to get 51% of its hash rate. Only then will it be possible to make changes to the transactions and impose their acceptance on a minority.
Bitcoin's computing power is distributed all over the world, and to try to take over the network, a large amount of hardware has to be combined. Still, mining companies will not destroy their source of income. And even if someone decides to attack the system, it will at most lead to failures, which will be eliminated with emergency updates.
However, cryptocurrency exchanges and other digital money services are vulnerable to hacking.
Bitcoin Is Not Backed By Anything
Back in 1971, the U.S. authorities abandoned the Bretton Woods system (the gold standard), and the U.S. dollar lost its peg to gold. Since then, the U.S. currency has not been specifically backed but is directly dependent on the country's financial stability.
To understand what bitcoin is secured with and how its price is formed, it is necessary to consider the value and functionality that the cryptocurrency presents to its owner:
Anonymity. No one monitors bitcoin transfers and has no right to influence (cancel or suspend) the transaction in any way;
Low commissions. In the network of the main cryptocurrency, there is a fixed commission for transfers, which is set based on the load on the network. It means that the commission will be the same if you transfer $100 and $100k, as well as any other amount;
Speed. Bitcoin transactions are usually instantaneous. Allowable delays range from a few minutes to one hour, depending on network load;
Limitlessness. You can transfer bitcoins anywhere in the world. The main thing is that the recipient has a cryptocurrency wallet.
Thus, bitcoin allows making anonymous payments and money transfers of any amount, regardless of the location of the sender and the recipient of the cryptocurrency. This factor, combined with bitcoin's limited issuance (21 million coins), determines the demand that subsequently forms the cryptocurrency's price.
Bitcoin Is Used Only By Criminals
The anonymity that cryptocurrencies give does allow the use of digital coins in illegal schemes. But, in this case, it is no different from cash, which is also used in illegal activities.
Last year, bitcoin began to be actively bought by large companies to protect against inflation and other risks of the traditional financial market. For example, the main cryptocurrency of $1.5 billion was purchased by Tesla. According to CEO Elon Musk, Tesla sold 10% of bitcoins at the end of March and recorded a profit.
The oldest U.S. banks, such as Morgan Stanley, Goldman Sachs, and JP Morgan, are also showing interest in cryptocurrencies. The latter is already preparing to launch its first actively managed bitcoin fund. Goldman Sachs will also make cryptocurrency investments available to clients.
Bitcoin Is A Bubble
Back in 2010, the price of bitcoin was less than $1, but now it is worth more than $23,000. Other cryptocurrencies have also seen their prices go up by hundreds or thousands of times. This gave reason to compare the cryptocurrency market with a bubble that will surely burst, and investors will be left with nothing.
First of all, let's understand what a bubble is. It is an economic cycle of trading an asset characterized by an unsustainable growth of its market value. One of the first examples of such a bubble was the rise in the price of tulips in the Netherlands in the 17th century. At that time, their value soared tenfold, and never recovered after the collapse. There was also the famous dot-com bubble at the beginning of the century. Back then, the value of Internet companies soared and collapsed dramatically in a short period of time.
Bitcoin and other cryptocurrencies have been around for more than a decade. During that time, they have gone through several cycles in which their value rose and fell. However, after all, previous falls, bitcoin has renewed its price records. Along with it, the entire cryptocurrency market grew.
As analysts explain, cryptocurrency fluctuations form a pattern typical of young markets. They expect assets to rise and fall with smaller fluctuations over time, and the time between these cycles will increase. That is, the cryptocurrency market will become more stable and predictable.
Buying Cryptocurrency Is Difficult
Many potential investors are deterred from buying crypto assets by their lack of experience. Since it is a new and technological tool, it may seem complicated. In fact, it is possible to invest through special exchanges, mobile applications, or other trading platforms. The registration procedure on them is usually no more complicated than, for example, creating an account on a social network or in an online store.
As a rule, the major exchangers ask to confirm the identity. To do this, it is necessary to upload a photo of the documents. This is a requirement of the world's regulators, which helps make exchanges more secure. However, those who value anonymity can also find exchanges where there are no such requirements.
The process of buying cryptocurrency itself is also simple. To do this, you can top up your account and use it to make purchases or pay with your card directly for each cryptocurrency purchase. In terms of complexity, this procedure can be compared to recharging a cell phone or buying goods.
One Needs A Lot Of Money To Buy Cryptocurrency
Most people learned about the existence of cryptocurrency when the price of bitcoin reached tens of thousands of dollars, which would seem to immediately cut off investors with a budget of a few hundred.
In fact, all services allow you to buy a share of bitcoin or another cryptocurrency. The minimum amount for which you can buy a cryptocurrency may vary from site to site, but usually, it's only a few hundred dollars.
If you buy a bitcoin or other cryptocurrency, you will earn on its growth, as well as those who operate with tens of thousands of dollars. If an asset doubles in value, for example, then the investments of everyone who holds it will also double. The same will happen if the crypto-asset becomes cheaper.
Only Pros Can Make Money With Cryptocurrency
There is a widespread belief that buying cryptocurrency is similar to trading on the forex market. They say you have to buy it when it goes down in price, sell it when it goes up in price, and so on in a circle. And in order to do that one has to understand its trends, news, and reasons for daily price changes.
Of course, that's how traders make money. However, most crypto investors are not actively trading. They only buy bitcoin or other tokens and wait for them to rise in price. This strategy is used by those who see the potential of cryptocurrencies in the long term. The superiority of this strategy is ease. You don't need to check the exchange rate every day and monitor the news.
Cryptocurrency Guarantees Anonymity
This myth arose because cryptocurrency allows for transactions outside of the banking system. There are also anonymous wallets, for the creation of which it is not necessary to enter any personal data.
At the same time, it should be taken into account that any transaction is recorded in the blockchain and saved forever. This means that if bitcoin has been in a wallet that is associated with criminal activity, no matter how much it is sent to other wallets, it cannot be "laundered". Law enforcement can access the blockchain data and track down the person who made the transactions. However, because this procedure is complicated, it is used only in special cases.
Everyone Who Buys Cryptocurrency Will Get Rich
There are a lot of stories about people who bought bitcoin when it was worth a few hundred and woke up rich a few years later. Similar cases occur with other coins that have increased in price tens or hundreds of times. However, this does not mean that everyone who buys cryptocurrency will certainly get rich.
Keep in mind that these are risky assets that can both rise and fall in value. In addition, their volatility is higher than that of stocks, real estate, or fiat currencies. Therefore, experts advise keeping 5% to 10% of their savings in crypto-assets.
Cryptocurrency Is A Vogue, And It Will Go Away Soon
A few decades ago, computers and e-mail were of interest only to a very limited number of technology enthusiasts. When Steve Jobs said that soon computers would be in every home, he was surprised to be asked, "what are they there for?".
The same thing is happening now with cryptocurrencies. So far, they have been used by a relatively limited number of people. But today's cryptocurrencies create ecosystems that, according to analysts, will continue to evolve, and there will be more and more practical applications for them.
There is growing interest in decentralized financial programs, which are safer, more reliable, and cheaper than the current systems. Tech giants are exploring ways to merge the real and digital worlds, using blockchain technology as a building block for this. States are thinking about creating their cryptocurrencies. So virtual assets, of course, will evolve and change but will remain with the technology on which they are based.
Conclusion
New tokens appear all the time and, quite possibly, some of them will increase in value hundreds of times. At the same time, some of them will depreciate or disappear altogether. Therefore, professionals advise diversifying your cryptocurrency portfolio: keep most of the funds in popular cryptocurrencies, such as bitcoin or Ethereum, and only part of the funds should be spent on new projects that seem promising. This will allow you to keep a balance between risk and reward.
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) raced past the $23,000 level to start the weekend, with prices climbing to a multi-month high.
Following a low of $20,961.21 on Friday, BTC/USD climbed to an intraday peak of $23,249.89 earlier today.
Today’s rally saw bitcoin jump to its highest level since August 24, when the price at the time was trading at a top of $23,600.
As can be seen from the chart, the move comes as the 14-day relative strength index (RSI) moved back toward a ceiling of 90.00.
Currently, the index is at the 86.30 level, with earlier gains somewhat fading, as traders move to secure profits.
As of writing, BTC is trading at $22,902.03, which is still roughly 9.27% higher than yesterday’s low.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USDT. #BITCOIN ON RESISTANCE 🔴
Expecting Little Retracement And Then Towards 25K 🚀
Not SHORTING Here But Will LONG Above RESISTANCE 👍
BitVero Crypto Academy.
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
BTCUSD: The bottom is in! 🚀The Indicator Pi Cycle was been very accurate in the past. It has been quite effective in determining tops and bottoms. About Pi Cycle Indikator TOP: It uses the cross of 111 day SMA and 350x2 day SMA. About Pi Cycle Indikator BOTTOM: It uses the cross of 150 day SMA and 471x0.745 day EMA. And the RSI is below 50, which is also a clear bottom signal imo.
My recommendation as always: Buy the dips and hodl. 😀
--
Let's see what happens.
Happy trading.
BTCINVESTING
--
--
My Post Apr 17, 2021 "BTCUSD: Whats about PiCycle? A bearish signal?"
My Post Dec 15, 2021 "BTCUSD: Difference - Bearish Downtrend | Bullish Accumulation"
My Post Apr 15, 2019 (3 year ago!). I was one of the first btw. ;-)
--
#Bitcoin potential targets if uptrend holdsSo far #Bitcoin has failed to hold its bearish breakout underneath TR3 (Trading Range 3) - once price re-entered the trading range it quickly moved to the other side performing a breakout, a sign sellers are trapped.
If the price continues to hold above the TR3 breakout successfully then it has a likelihood of visiting the previous breakdown area at TR2 (Trading Range 2) marked by red. Potentially even further depending on market conditions.
I am bullish on #BTC while price stays above the $21000 area, if price closes underneath there on the weekly or daily timeframe I will consider myself incorrect, meanwhile if it holds above then I will be targeting 26500-32000 as a take profit area (the previous "Bearish Breakdown" areas.
How Bitcoin can get to 10 Million Per Coin (Simplified) FidelityThis extremely simple here is a diagram and walk through of the world's worth as of 2020.
For this experiment lets say the year is 2034
We start with 21,000,000 coins are now circulating
Estimated 35% of the supply is lost over time that can never be recovered
13,650,000 of the supply remain
60% of that circulating supply has been bought my sovereign states and retirements and treated like 30-year Treasury bond. 8,190,000 coins now sit and do not move unless country funding is needed similar to the FED holding Gold.
5,460,000 of the supply remains liquid and publicly traded
how do we get Bitcoin to $10,000,000 from a small 21k price?
$54,600,000,000,000 Yes 54 Trillion in Marketcap impossible!
Take just 5.3% from the Stock markets to the Global Wealth that's all you need.
(This is not even including derivatives that can use country backing to leverage to prop up debt purchased, If you include derivatives in the future with unlimited QE you can start pricing Bitcoins in Billions)
Summary don't be stupid, don't be dumb, don't listen to anyone even me, do the math open a report of the worlds wealth and ask yourself why Fidelity gave Bitcoin a 100M - 1 Billion projection before 2050.
What you saw in the last years was I have to say to clueless people with stimulus checks, nerds with tech money pushing the price up, and fraudulent leverage exchanges running 100x purchasing power.
What do you you think if the world moves to a BTC supportive state with sovereign wealth? Institutional funds? Reserve banks?
Bitcoin will not replace Gold it will not replace central banks, Bitcoin is a new global decentralized
Planet Bond - Not a Government Bond, Not a cooperate Bond, this is a new form of something away from companies, away from governments, accessible anywhere. more secure than anything.
A Planet Bond.
And yes if this ends up playing out El Salvador will make (UAE) Dubai look like a 2nd world country.
Category Value ($ Billions, USD) Source
Silver $44 World Silver Survey 2019
Cryptocurrencies $244 CoinMarketCap
Global Military Spending $1,782 World Bank
U.S. Federal Deficit (FY 2020) $3,800 U.S. CBO (Projected, as of April 2020)
Coins & Bank Notes $6,662 BIS
Fed's Balance Sheet $7,037 U.S. Federal Reserve
The World's Billionaires $8,000 Forbes
Gold $10,891 World Gold Council (2020)
The Fortune 500 $22,600 Fortune 500 (2019 list)
Stock Markets $89,475 WFE (April 2020)
Narrow Money Supply $35,183 CIA Factbook
Broad Money Supply $95,698 CIA Factbook
Global Debt $252,600 IIF Debt Monitor
Global Real Estate $280,600 Savills Global Research (2018 est.)
Global Wealth $360,603 Credit Suisse
Derivatives (Market Value) $11,600 BIS (Dec 2019)
Derivatives (Notional Value) $558,500 BIS (Dec 2019)
Derivatives (Notional Value - High end) $1,000,000 Various sources (Unofficial)
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BITCOIN/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin ( BTC ) climbed higher on Friday, as the world’s largest cryptocurrency rebounded from Thursday’s losses.
The rally comes despite the news that crypto lender Genesis has filed for bankruptcy, following the likes of FTX.
BTC/USD rose to an intraday high of $21,175.24 earlier in today’s session, which comes from a low of $20,689.88 on Thursday.
Looking at the chart, today’s rebound in price came as the 14-day relative strength index (RSI) moved back above the 80.00 mark.
As of writing, the index is at the 80.40 level, with the next visible resistance level at the 88.00 zone.
Many expect that BTC could make another attempt to break out of a key resistance point at $21,400.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USDT 4HOUR UPDATEHello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-Bitcoin is again testing the resistance area. The bulls keep pushing the price. There is a small uptrend line that works as support. The overall market is looking good. Trade with stop loss.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you.
BTC/USDT 2DAY UPDATE BY CRYPTO SANDERS !!Hello and welcome to this BTC /USDT chart update by Crypto Sanders.
I have tried to bring the best possible result in this chart.
Chart Analysis:-BTC is attempting to break the key $21500 resistance. It is making it weaker with every attempt. It is now trading in a tight range between $20400 to $21400.
The MACD crossover is showing bullishness, and the Hash Ribbon has also given a buy signal after a long capitulation. MA is broken after 100 times. All these confluences are showing that the bulls are back.
We need to wait for a solid breakout of the long descending trend line to confirm the strong bullish trend in the market.
This is not a piece of financial advice.
Hit the like button if you like it and share your chart in the comment section.
Thank you
BTC/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BTC /USD 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) dropped below the $21,000 mark on Thursday, as crypto markets fell following slowing U.S. retail sales figures.
The decline saw BTC/USD hit an intraday low of $20,541.54 earlier in today’s session, fresh from a four-month high of $21,564.50.
Since the sell-off, BTC now seems to be in search of a support point, with the $20,500 mark a likely candidate.
Looking at the chart, a drop was somewhat expected with the 14-day relative strength index (RSI) tracking near a two-year high in recent days.
As of writing, the index is at the 78.40 level, which is marginally above a floor at the 77.00 mark.
Should a move below this point take place, it is likely that BTC bears could push prices toward the $20,000 zone.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you