ValeriosB

ValeriosB

If you are uncertain about the price direction, check the previous 4 year halving cycle. Add more days because of difficulty to move the large market capitalization.

ValeriosB

If being conservative ~100,000$ is the new target for ATH. If being optimistic ~400,000$ is a possible new ATH by 2022

ValeriosB

It took 215 days after Bitcoin 2016 halving for Litecoin to start performing in price. 60 days left after Bitcoin 2020 halving, let's see if Litecoin repeats the previous pattern.

ValeriosB

Very strong support for DGB on a bottom line of ascending channel.

ValeriosB

Bitcoin always made new All Time Highs a year + after the halving as the supply reduction was slowly taking in effect, while the demand remained strong with a steady growth.

ValeriosB

If you have a hard time investing and trading, this is a 3x to 7x. Average True Range and a multi year All Time Highs and All Time Lows.

ValeriosB

It's hard to spot the minor waves with high accuracy, but at least we know that the big downtrend has turned off, now we are on a bull market with wave 1 in action. it may have already finished, it may have a little bit yet to go, take a look for a possible outcome. Note that during the last Bitcoin bull cycle when it just started rallying all altcoins including...

ValeriosB Updated 

BTCUSD vs BTCDGB After the Bitcoin halving in 2016, BTC started appreciating in USD in 90 days. At the same time DGB was depreciating in BTC until Bitcoin touched a new ATH. Then DGB boomed to incredible gains.

ValeriosB

Just a comparison to 2017 chart.

ValeriosB

3 Month of accumulation prior the post halving rally.

ValeriosB

Digibyte trading volume is picking up, all of a sudden when no one expected such an uptrend, it makes strong reversal move.

ValeriosB

Every time Bitcoin goes parabolic a year later after halving

ValeriosB

Let's see if this ascending channel will hold. RSI on 15 minute is oversold. RSI on monthly is still in low band. Daily and Weekly RSI are overbought

ValeriosB

We can notice that as well as approaching the next halving we have annually lower highs, but higher lows, take in consideration that, this is a long term vision.

ValeriosB Updated 

Hard money (Sound Money) A scarce / precious metal is getting stronger after each recession, especially after 2008.

ValeriosB

Well we can see here the time frame difference of two similar drops.

ValeriosB

The question is not a technical analysis. For price actions like this someone is responsible. The price is being determined on exchanges, and someone needs a big stack to make such an impact. While depositing physical Bitcoin on any centralized exchange you trade derivatives, and guess who is responsible for BTC derivatives?

ValeriosB

I think many people were in Panic while Bitcoin dropped so much, well, that were really unexpected. But the fundamentals didn't drop.