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Digitalgold

BITCOIN, WTF TRENDS EDITIONBitcoin has some crazy trends. But everyone says I'm crazy, so I've really got nothing to lose, haha. Basically, everything is overextended, but not really.. if that makes any sense. It puts bitcoin rejecting somewhere between now and 48k, and dropping to like 32k, which then has it returning to 54, which then has it going to like 12k, which then shows 120k. How likely is this scenario? LOW. Very low, and even lower that it is similar to what I've drawn. But also.. Not impossible. So, here it is. IF it should happen like this, you'll be prepared to buy into some massive fear. If it doesn't happen. Then trends and price targets are still relevant.
COINBASE:BTCUSD
by nicktussing77
Strong Breakout confirm for the 5th wave of ImpulseWaveOn week chart I figured out the Impulse Wave has begun from $15,4xx and now it's been happening the fifth wave with target around $40,000 and can be further at $42,000. You easily spot the strong Valid Breakout happened around $31,300 within volume higher 130% Avg. Vol 30 days and now, it will retest or keep up climb higher and higher cause the bullish candle has a bit little wick that shows strength of buyer. However, my view Bitcoin can reverse a bit before go up again because ADX > 80 and RSI Overbought these signals is good for reversing. Wait and see around $31,300 Time will tell
Long
by trieutv
Global holdings of digital gold AKA BitcoinThey said it was only used for money laundering... How did they know that? They now say it is like nothing else. What does this chart say to you? What will this chart say to you after the global financial systems Germany is talking about using Bitcoin as legal tender NOW. Imagine if 1/3 of their population picked up 0.1 Bitcoin... That would be 2.7 million BTC... My American government is not stepping forward yet(BUT they hold many, most people don't know this). Will they launder theirs through Coinbase??? Almost 20% of the blood dollar spent with lobbyists last year was on the topic of cryptocurrencies. El Salvador is picking one up every day and they are bringing prosperity to their economy. Multiple smart people think that we have multiple nations mining bitcoin while trying to hide it while others are turning their equipment on and using effin volcanos. Don't forget to take the orange pill. Love you Max and Stacy! The show on RT kept me thinking of more in my 20's. You've changed my life and mind in! Companies, countries & their populations of Bitcoin holdings. You know they are DCA buyers and will scoop up any flash sales. The price is being suppressed. worldpopulationreview.com buybitcoinworldwide.com www.chainalysis.com www.forbes.com
TVC:XAUBTCLong
by Polarbearman
Bitcoin 12H made it to $30K, now pulled back about $500 so farBitcoin held and made a move to the upside considering all the happenings in the markets. BTC needs to hold on this yellow trend line... If not we can see $28K, good support. Don't forget we got the FOMC rate announcement next month... talks of them pausing could send Bitcoin and Risk assets higher. Keeping an eye on Bitcoin dominance also to watch the money flow. Lets see how all this plays out. Good Luck Out There!
by BuddaCo_LifeStyle
BTC manipulation at its max.As i have stated yesterday about the btc prices been bearish. BITSTAMP:BTCUSD as you can see the price movement yesterday was ridiculous, tricking many, many people going into long positions. the buy volume was so little but with a massive green candle is corporate funds exiting the position after jacking up the price for retail investors. Dont fall for it next time when you see little buy volume with a large green candle. we are still on track for the short position i have stated yesterday at the 23233 area when it breaks we trade.
BITSTAMP:BTCUSDShort
by ciythex
Proof-of-Stake Makes Their Move: Is Bitcoin In Trouble?This might be somewhat of a controversial take, but for a while I've been warning that Bitcoin's long-term prospects may be in trouble - a lot of it has to do with how the coin's community distanced itself from utility and business cases and leaned hard into the "store of value" idea during last year's hype. - The idea of "store of value" applies to all money and is not really a competitive advantage: all coins store value by default. - Bitcoin's block size limitation and efforts to make improvements on the protocol have largely been thwarted by the mining community who prefers the scarcity model and don't want things to change. - Bitcoin failed to rise in response to inflation like gold did: the "Bitcoin is good for inflation" thesis did not pan out in the last few rallies for alternative assets. - Bitcoin's recent attempts at defending their interests through the political system (Brad Sherman vs Aarika Rhodes, El Salvador) isn't getting the results that many of its supporters hoped for. And more people are starting to realize that its governance processes and scaling solutions are done off-chain - which clashes with the idea that the coin is completely decentralized. - Despite its attempt at differentiation, the data suggests that people buying stocks and people buying Bitcoin are often overlapped heavily, ever since it became much easier to acquire crypto assets through mainstream sources. Bitcoin's name-recognition may end up hurting them in the long-run since it's likely to go down with the fiat market as a whole. As inflation remains high (a record 8.6% in May in the US), the financial industry is starting to talk more about interest rates - during recessionary times people tend to favor reliable interest returns rather than speculation plays. As a result of this we see that crypto coins that offer staking rewards (Tezos - XTZ, Algorand - ALGO, Cardano - ADA; soon to be Ethereum - ETH and Chainlink - LINK) are starting to gain some momentum. Given that the banks have been hesitant to raise interest rates on their savings mechanisms (though they don't seem to have any problems raising interest rates on your mortgages/loans lol) the value that proof-of-stake coins offer in DeFi have started to look much more appealing. If these trends continue, the "flippening" may be sooner than we thought. (But not in the way that most thought it would go down - it may not even be Ethereum, if the merge doesn't go as planned over this summer.)
BITSTAMP:BTCUSDLong
by RyanTanaka
1
Real vs. Digital Gold: How Does Crypto Survive the Bear Market?An analysis of the recent dip in crypto (and stocks as a whole), similarities and differences from the 2017 rally (and crash), and how it might affect the trajectory of the crypto ecosystem as a whole. The money leaving the space currently is likely mostly from traditional investor types who probably saw the NFT/crypto craze in the media and got curious, but got spooked by recent news about inflation and increased interest rates by the Federal Reserve. This is why we see a pretty clear pattern groups that correlate performance with mind-share and media presence (traditional stocks, major coins , and altcoins). Gold - real gold, not traditional - on the other hand, is doing really well right now since it is often touted as a hedge against inflation and that seems to have panned out. But we don't see the same pattern emerging with Bitcoin today - a coin that has long argued that it was basically "Gold 2.0". Is the idea that Bitcoin is a hedge over, or is it just beginning? As an aside, I compared CryptoKitties with the more recent Bored Ape Yacht Club project and found that the two projects were very similar - almost identical, in a way. History does repeat itself, it seems.
OTC:AUGGLong
by RyanTanaka
BTC, possible TARGETS for DIGITAL GOLD!Bitcoin is now in a big value zone, as we can see on the horizontal volumes, from which it is trying to breakout. The liquidity collection that was recently shows the aim of a big player to accumulate long positions. The return in the triangle and squeezing is an additional bullish signal. The CLOSEST target is at $42600. If the price breaks this level, the next target is $45800. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
40
Bitcoin long from $40,000? Only if Bitcoin truly is digital goldBitcoin has been often touted as digital gold. With Ukraine<>Russia tensions heightening we are seeing risk-off trades, with USD, JPY, Gold and Oil all appreciating. Bitcoin however has not yet appreciated. Price seems to be stabilising around the $40,000 mark, which may be an opportunity to go long. THIS DEPENDS ON ONE THING: IS BITCOIN DIGITAL GOLD? If bitcoin truly is digital gold, used for risk off returns than hypothetically we should see BTC appreciate. Ukraine tensions have been rising as fast as inflation (aha!), both of which should (again hypothetically) spur bitcoin higher. Unless of course Bitcoin isn't digital gold...
BITSTAMP:BTCUSD
by tomstewy
4
Bitcoin technical and fundamental analysis #1Bitcoin is looking pretty explosive here. Bitcoin has gone totally flat over the last few months and it has been just chopping around. Right now it is sitting at the exact average of all prices over the last few weeks/months. At the 50 DMA, Monthly P and the Volume Profile PoC. This has come right after the most crucial correction so far. We finally broke the 50 DMA after the two perfect touches screamed for breakdown, got close to the 128 DMA, touched the S2F 463DMA model, hit the Volume profile HVN, Golden ratio x2 multiplier AND the NVT price model. Couldn't have gotten any better... Or could it? We got a complete wipe out of longs at that point and funding has remained very low, the lowest around 57k. Essentially that was the best shakeout that bottomed at the best potential bottom. Alts have been trending higher vs BTC for 4 months and they still look strong. Eventually a lot of that money will flow back into BTC. A lot of the BTC sold has gone to strong hands and a big portion of the people who sold that BTC most likely bought alts with it, so when the flows reverse BTC could fly. Until then alts are a bit of an issue because BTC might suffer if Ethereum or others flip it in the short term. The altcoin top in my opinion will come either at the end of May or end of June and then BTC will start its rally... But until then we could see some incredible things there. I wouldn't be surprised if BTC has a rally to 70-80k and then has a major correction. This could come along with the large cap top and then small caps start rallying again like we saw in Feb-March. Until then going down to 51k isn't impossible, but I think that would be the bottom and we wouldn't go lower. If we go to 40k from here I will be very surprised given that things haven't gotten that hot yet. Funding rates across the board remain pretty low and just a few weeks ago we had a 30% correction which is usually enough for a bottom. For now I don't think 60k will break in one go, however I don't think it will take long either. So to me the question is more like will Ethereum rallying hard affect Bitcoin negatively? So far it looks like it. I don't believe the bull market is close to being over... Not even remotely. But BTC might suffer as alts go higher until either alts get too high and reverse or there is a catalyst for Bitcoin to rally. In my opinion these big rallies in alts will eventually force Bitcoin to correct along with them and at one point BTC will start rallying alone. However the truth is that my beliefs around the market and around Bitcoin are currently being tested given how many things alts have going for them, and more specifically Ethereum. If Bitcoin gets dethroned, that could be very damaging for the price even vs USD in the short term. At least until Ethereum fails...
Long
by BitcoinMacro
Could Bitcoin hit 53k before going higher?Currently Bitcoin has stopped at the 60k support but isn't looking all that great. This is the 3rd attempt to break out completely, but each time it has failed miserably. The ATH was right at the R3 weekly and the support was right at the old resistance. Slightly lower we have a key diagonal coming from the 29k bottom + horizontal + weekly P + CME gap at 59k + Volume profile PoC, then the 50 DMA + Monthly P are at 55-56k and finally 53k which is important in my opinion for several reasons. First of all we have this interesting fractal from the previous large drop from 62k down to 50.5k. Very similar situation and it could repeat. Then we have old support that broke just for a brief period and then quickly reclaimed and led to a decent move up along with the weekly S3 (for now). I also believe it is a great place for a trap right below the 50 DMA + Monthly P to scare people because the 50 DMA hasn't really been broken to make people think the bull might be over. The fact that it held twice so perfectly is not a bullish sign but bearish until we get a shakeout. Finally the last reason is that there is a CME gap right at 54.5k. Long are super high all across the board, no matter where you look at (Bitfinex, Binance or OKex). Funding is quite high and premiums on futures are dropping but in weird and rapid way which might be a signal that somebody knows something. Now add to the mix that we are 2 days after the Coinbase IPO (not much more money to flow into crypto from there) and that Alts have rallied about 70-100% since March 25th without a large correction. We've also had 3.5 months of alt season which usually is enough for the show to be over + Bitcoin is overbought and diverging. Now having said all that before I see it go to 53k I wouldn't call for a bear market or anything like it. For now I see no major risks in terms of bonds, the USD or stocks, although at some point relatively soon I'd expect a correction in stocks as they are back at ATHs and rallying hard. Now in regards to crypto as a whole, it probably is time for a correction. We've moved up hard and we've seen tons of crazy moves over the last few days. We've seen things rally for almost 2-3 weeks and that's usually enough for a decent pullback. Of course after that I believe we are going higher and that this year we could see the total Market cap get to 10-20T by the end of the year. So a 20-25% pullback in alts and 15% pullback in BTC wouldn't be anything crazy and just a healthy washout before we move higher. In term of a bear market I see nothing that screams bear and although it isn't impossible I can't and don't want to call anything long term bearish at the moment. By the way I did talk about this correction on BTC briefly on my social media but because it was pretty late for me I had to just resort to those mediums and not Tradingview. Even here I try share as much as possible but sometimes my trading or other stuff get in the way. coinalyze.net s3.tradingview.com s3.tradingview.com
BITSTAMP:BTCUSD
by BitcoinMacro
2