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Elon candle| BTC massive trend reversal after Elon Musk's tweetIn this post, we are exploring the effect of "humorous tweets" by the Billionaire entrepreneur and CEO of Tesla, Elon Musk. In the recent past, his tweets had created quite a stir in the crypto universe. DOGEUSD had skyrocketed massively. Bitcoin tanked terribly after he tweeted that Tesla stopped accepting Bitcoin payments. Just a few hours back, he has taken another humorous jab at BTC maxis by asking how many are needed to change a light bulb. Michael Saylor, Dan Held, Peter McChivo, and many more giants quickly joined the twitter frenzy to respond to Musk. Many critics are calling out the SEC to take notice of his actions, terming them to be a clear case of market manipulation. The SEC is probing hard into the crypto realm, with the investigation with Ripple. Elon had earlier stated that his company still holds $1.5 billion dollars worth of Bitcoins. It remains to be seen whether the tweets turn out to be the premise for a regulatory investigation. As of now, BTC has already lost more than 4.2% of its market capitalisation post the tweet! And that does worry out the investors! ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
BITSTAMP:BTCUSDEducation
by Mudrex
16
ALTS MARKET CAN 10X-100X WITHIN NEXT 12 MONTH - CryptoManiac101ALTS / USD CRYPTO MARKET I've said it before and I'll say it again... Crypto market of Alts has all the potential to 100X in current conditions and if we look at fractals, it is very much possible. And yes, I know that fractals do not guarantee repeated success, however if we take a look at this bull run, it is very reminiscent of the 2017 bull run, nearly identical in every move. It's not my job to convince you of anything, I'm just here to show you what you might be missing or just not looking at. Previous Chart
CRYPTOCAP:TOTAL2Long
by CryptoManiac101
7
$300K BITCOIN INCOMING? ***DISCLAIMER*** IM NOT 100% SAYING THAT BITCOIN WILL HIT $300K ANYTIME SOON... THIS IS JUST FOR FUN. The BTCUSD LOG chart shows the channel we're in and where we're currently sat. Yes, the picture looks bleak right now. Yes, the big players have bent the majority of us retail traders/investors sideways. And yes, I need some Adderall and sleep. But, we **couldddddd** have an even bigger move yet to come. This chart locks the price target at $280K for OCT/NOV 2021. Realistically, don't listen to me. I'm giving you all some hopium. But no, honestly, the road ahead is going to be impossibly hard to fight on. We have to accept that a longer bear market is inbound. Likely near-term (relative) price targets to the downside are still $25K with the lowest likely price at $12K for the bear market bottom. If we are to fight along slowly out of this to the upside then $42K, $45K, $48K and $50K are all targets to overcome. Praying Michael Saylor comes out like the second coming of Jesus (PBUH) to take me out from under :(
BITSTAMP:BTCUSDLong
by OfficialRoinn
Bitcoin trend two possible waysAs we can see in the 1D Bitcoin Graph, has been showing some consolidation, trying to test resistance two times and yesterday support was tested. I see clear consolidation here, and I still see that the Head & Shoulders is printing on the 1D graph. I spect that #BTCUSD will still testing resistance and maybe support these days, and then breakout to print the H&S. A price close candle below the support $29688 will cancel this idea/trade and the next price to expect will be $19247 if that happens we will see a panic sell that could send #BTCUSD price to 13k-15k levels. Definitely im LONG here, since im a HODLER, if you are planning to trade daily or very short term, you shouldn't take this as a financial advice. I do really expect to see #BTCUSD price going to 100k+ this year. Later Mayo. BINANCE:BTCUSD
BITSTAMP:BTCUSDLong
by SrMayoZ
Elon Musk vs BitcoinElon Musk is the new Donald Trump of the Markets. As Elon Musk tweets go, so does the markets especially the cryptocurrency market, namely Dogecoin, Bitcoin & CumRocket among the main ones. (Trump had similar effects from his tweet as president of the United States on the stock market.) The billionaire and Tesla CEO has been have been specifically tweeting about crypto a lot recently affecting prices by up sometimes fewer than 80 characters and memes of dogs. I am not sure what his game plan is most recently but Elon Musk have been driving the price of Bitcoin down relentlessly and with coordinated and precision attacks at some of the weakest low liquidity trading times. Musk’s tweets may not be for his own financial gains, but they are highly affecting crypto investors and he is attracting a lot of hate from the community currently for his actions. My main questions are why is he doing it? Can anyone stop him? What will be the long-term effects of his actions? Could he be driving down the price so that us retail investors can hop on for a highly discounted ride to the moon?
FTX:BTCUSD
by krobby
1