Read This Before Calling Me a Perma-Bear! Not Convinced; I think the stock to flow model is great, but let's look at real data before we continue to put our faith in it. For example - Gold has a similar concept, in regards to bitcoin and other cryptocurrencies. Yet, when we adjust price with inflation, there is still extremely long periods like 1981-2006 where price didn't budge. And, if we look back even further at the time of the gold rush, gold did 1,000x its initial price in less than 20 years. What we are seeing now in bitcoin is the hype train coming to an end. Now, that doesnt mean that I don't think that bitcoin will be worthless, but I think it's safe to say that what we have seen since it started was the "Digital Gold Rush". If we expect bitcoin to every 4 years 100x-500x itself, we would be setting our expectations way too high, because we are assuming that the first 10 years are what will be the same cycle until earth itself is no more. Bitcoin can succeed! But!!!! We need to look at the idea of stock to flow, and understand that price still will not be identical to how it is every cycle, for reasons such as recessions/depressions - mass unemployment - wars - mass debt, and many more reasons.
Btcbullish
$BTC getting confusing #LetsLearntogether Hi everyone!
This is not a financial advise to buy or sell bitcoin its is my personal trade and i am sharing this for my record and for educational purposes
i am not a professional trader, i am also learning
in this chart btcusd is forming rising wedge pattern according to this pattern we are bearish
MA 50 and 200 had crossover which is bullish
so i am expecting the price to touch 61-65 fib level which is also resistance of 200 daily moving average
so its confusing i am not in any trade until rising wedge breaks down or we touch 61 fib level so here is my opinion
thanks i would love your comments and opinions so that we can learn together.
also follow me on twitter
#letsLearnTogether
42% SHORT ON BTC, NOT EXPECTING A SCAM LIKE THIS SHITCOINTHE BIGGEST SCAM COIN EVERY MADE, THE BIGGEST PARADISE FOR SCAMMARS.
OK NOW LET'S GO BACK TO HIGH IQ VERSION OF MY SMALL BRAIN.
THIS IS THE BOTTOM, TAPPED THE WEEKLY 200MA AND BAGS FILLED, I CAN ASSURE YOU THIS IS GOING TO RIP UPWARDS AND KILL SOME BERAS.
$BTC #BITCOIN to $11k according to technical analysis hello everyone and welcome to another analysis on #bitcoin $BTC BTCUSD as you can see on the chart above bitcoin is on an ascending channel on the 4 hour time frame and that is a BULLISH pattern which could take us all the way up to $11000 if BTC breaks the upper resistance at $10150
also we have an RSI and MACD histogram bullish divergence on a 4H time frame. And that is a bullish sign!
recently we held the 9550 support quite well and BTC needs to hold that support in order for the bullish scenario to happen.
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Peace Out!
Not a Financial Advice
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Bullish MarketEvery time that the market gets bullish, Alts and BTC both break out MA200.
This time the Alts are above MA200 and BTC is below that.If it can break out MA200, The first TP for BTC will be $11950. Even if BTC can not break out MA200, I believe Alts will be bullish.
Both Alts and BTC are Bullish. They both broke their bearish channel.
AGIBTC : Buy After Pattern Breakout.AGIBTC : Buy After Pattern Breakout.
Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
bitcoin to $27000 if this level Holds!!hello everyone, glad to have you here today! so according to fib extensions $27000 is the next relevant target for bitcoin, we recently successfully bounced off of the 0.618 fib level and if we hold that level I believe $27K is the next on the cards as a first target for the next bull cycle! also according to Elliot wave theory there is a very high probability that we've just finished second wave and the third one is about to start which is usually the longest one which means that we basically will reach the %100 level on fib extensions which is at the $27K! so guys let me know if you agree or disagree with my Analysis one the comments below! cheers guys have a nice day.
DISCLAIMER:
information presented one my posts are for education purposes only. not a financial advice because I am not a Financial adviser!!!
BTC a Contrarian?Hi,
I believe anyone who has spend 6 months in the crypto market can say BTC is a contrarian asset, anyways I have sought out a short term bullish scenario if it helps.
1. IF and ONLY if we manage to close above 21 EMA on the daily and with it the weekly close also happens by Sunday, I believe we could see a short term relief rally.
2. Do not be fooled if this move reaches $8500 level. Why? Longs are largely leveraged right now. Guide yourself to Bitfinex's long and short chart.
3. Currently we are in a NO trade zone. Watch MacD closely.
4. Breaking into red box can generate a short opportunity AND closing above 21 EMA can open a long opportunity.
5. THE MOST IMPORTANT POINT OF ALL IS THAT IT SEEMS LIKE FUTURES MARKET FOR BTC IS CURRENTLY THE CONTROLLING FACTOR SO WITH THE WEEKEND APPROACHING WE MAY HAVE A CHANCE IN THE SPOT MARKET ONCE THE SELLING PRESSURE IS TAKEN OFF.
Trade SAFE!
**** THIS IS ONLY FOR EDUCATIONAL PURPOSES ****
BTC/USD This is hard to believe but here we are.Good morning everybody,
I did this chart yesterday and published it but forgot to take the lock feature off, so nobody got to see this at all. So here we go again.
Here is a shocker for you! everybody is thinking down but that is what "they" want you to think. As you can see on this chart, we have a very complex wave count, the tough part was the last part in my count, it was the bizarre spike that we had seen with BTC not to long ago, which had me baffled for a period of time but anyways, since we had hit this bottom, the best I could come up with is called an expanded flat; very common, mind the spike.
The good news for the bulls is that we have hit bottom, providing that this is truly an expanded flat. That means that we are now heading for higher highs in the coming months and naturally surpassing the all time high. Why? because this is just the beginning of wave 3 from the all time high. If you look at the chart, this is the second big wave for BTC .
Why will BTC go up? That is a good question, I will answer that with a question. Is there any other coin that competes with BTC?
Cheers!
BEARISH MARKET ALMOST DONE ?Bitcoin has entered the Reload Zone (green square) yesterday , and as we all know , it broke the trendline a few weeks ago. We can see on this chart that bitcoin has bounced of the trendline. We can expect a retracement on the 0.382 or in reload zone of the last wave (red square).
We could have a Shark Setup if it goes back in the reload zone (red one) .