The whole number effect is evident here, see orange circles. With a commodity in price discovery mode every four years, every four years traders sell bitcoin gains for whole portions of gold. I would say if someone hodled 1 bitcoin through a three year crypto winter, then suddenly it was worth 1kg of pure gold, they might be tempted to do the same. This informs...
Comment: The US stock market has bottoms, led by the tech sector. The probability of a continued rally into Q4 is high. The bull market has reset itself for more growth ahead. Technicals: Extreme Bottoming Indicator Deeper PBS Engulfing Bullish Candle @ support a-b-c pullback completion Monthly Average Range tested
Reverse head and shoulder formed with a neckline at 25000, whilst also compleating the bullish harmonic. Bitcoin is breaking through now with targets: - 28000 - 31000 - 42000
Hi everyone, When Pi Cycle bottom, which is a free indicator, cross up with 1 week candle and holdl support, there are great chances that the bottom is in. As long as, red line hodl support we can see further upside price action. Even in 2019, when the price was rising for short time, red line showed danger as soon as the 1 week candle broke down and...
It has been a while since I have done alt coin updates. Since the bull run is basically here I am going to begin with a classic. Good ol SHIB. I have a friend who I know really likes SHIB so I am doing this to assist him. Check out the video if you want the MACRO view. I didnt get into the smaller time frames too much because those would be scalping areas at this...
Check out the extension on this move. If we are to consider Bitcoins run to 69k as deviation from a holding downtrend this could be the break of the decade for Bitcoin. Each day that goes by I get more an more excited for an emerging bull market!! LET'S GO!
The ascending triangle on BTC has finally broken! I will be posting more updates in the future. For now... this looks to be 99.99% legit!!!
Current Market cycle for $BTC, UPDATED long term chart analysis for Bitcoin for this upcoming bull market.