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Bitcoin And The Insane Beauty Of The Fibonacci Golden Pocket!Bitcoin as always makes perfect sense when looking back in hindsight. The single most respected Fibonacci Retracement level is the 61.8% level, yet as we all know exact targets are rarely hit. When we add the 65.0% Fib Retracement level to the 61.8% Fib Retracement level we get what is famously known as the Fibonacci Golden Pocket. This is the single most respected reversal zone when using Fibonacci Retracement analysis. This chart is a perfect educational example of the Fibonacci Golden Pocket working its magic. I hope you found this post educational and manage to keep this Golden Pocket analytical tool in your memory bank for the future! If you would like to see my post predicting this top and reversal in advance to within 98.5% accuracy see the below related and linked article.
COINBASE:BTCUSDEducation
by Markster
5
Bitcoin 2022..!!#BTCUSD #BTC (Mission 2022) 1 BTC = $25000 In 2022 What Is Bitcoin ?? Bitcoin is the most secure and robust cryptocurrency in the world, currently finding its way across the world of business and finance. Bitcoin was thought of as Internet money in its early beginnings. Unlike fiat currencies Bitcoin is a decentralized currency. That means that a network of users control and verify transactions instead of a central authority like a bank or a government. Up to this day, Bitcoin uninterruptedly works as money one person pays another person for goods and services. Once Bitcoin is exchanged, the record of the transaction is publicly recorded onto a ledger known as the blockchain, which other Bitcoin users, known as miners, verify by putting those transactions into a block and adding it to the blockchain after Proof of Work (PoW). After a certain amount of transactions have been verified by a miner, they will receive newly minted bitcoins for their work and thus new bitcoins will be added into circulation, while the number of bitcoins in circulations are now in the multi-millions range, the maximum amount of bitcoins that can ever be created is capped at 21 million. The creation rate is automatically halved approximately every four years as more bitcoins are added into circulation, whilst this system is modeled after gold, mining difficulty is always increasing as hashrate increases and makes finding new bitcoins harder as the number of available bitcoins reaches the 21 million cap. As bitcoin has matured as a cryptocurrency, there have been more companies warming to the idea of using various bitcoin exchange facilities to gain exposure to the volatile bitcoin price while a few websites such as reddit WordPress and overstock have begun accepting Bitcoin, most major retailers have yet to take the plunge into Bitcoin. Satoshi Nakamoto Founder Of Bitcoin Satoshi Nakamoto is the name used by the unknown person or people who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin's original reference implementation. As part of the implementation, they also devised the first blockchain database.In the process, they were the first to solve the double-spending problem for digital currency using a peer-to-peer network. They were active in the development of bitcoin up until December 2010. Hit Like On Idea For Our Support & Motivation.. Please Follow For More Interesting Ideas. Thanks
GEMINI:BTCUSDEducation
by Faibik
4
Enough to go onIt's been a quiet year, not for lack of attention, but either nothing material has changed, or the information hasn't been indicative. Short term - going down. Medium term - range bound. Long term - $13,000 will be the new floor. $13,000 USD has turned out to be a key level. It's a 1/3 FIb retracement off the ATH, and the current Fib. retracements off of $13K match up very will with other trending supports - $10k, $9k, $7.5K, $6K and $4.5K. I"m giving even odds that we tickle $7,500 before year end, and likely before September. Don't see us going much below that, except for maybe a brief visit to $6K, and it's unlikely to touch $4,500. So of my BTC purchasing power, I'm putting 10% at 9,5, 20% at 7,5, 50% at $6,5 and leaving 20% uncommitted. I don't think we'll touch a lot of the bottom, but we're going down before we go back up.
BITFINEX:BTCUSDEducation
by BigDataBarista
Xlm the second countcount 21 of 2 It's still in a regular ABC correction from the 1st wave & wave 3 is about to start. Trading in a nut shell = right about direction, but stopped out repeatedly from fear, bad ta, & over leveraged before the big move. Investors scale in and beat your a$$ Previous set up was beautiful but alt szn has not started yet and btc is still dragging them around from correlation. Lets get complex and learn! Ill update a thread with intra-day trade on my twitter in tv bio
Education
by ChaseWallace
The Bitcoin speculative frenzyHello and welcome to my idea. Since early 2018 I was following the progress of this gigantic bubble explosion in this idea: I want to make a new clean idea now. I have been following it closely and noting people psychological state. Recently I check trading view homepage ideas mine are not in here, I am pretty disapointed as I was trying to show that in these situations bears get ridiculed and bulls "group up" on them to kick them while they are down. I do have some content but I wanted more, so it is not only "a coincidence" "a few bad apples". I have a great number of twitter screenshots on my PC thought, shall these posts disappear... Also have trading view & other. I believe Bitcoin 2019 bull market is very close to the end. What we witnessed in 2018 was not a correction but the start of a new trend to the downside. While it was possible that BTC retraces to 0.382 only after hitting 3k, 0.786 was much more likely (~$13500). We got to 13000 today. So I think the timing for this idea is perfect. The global economy is completely insane, the FED decisions are very questionnable, on top of that every one, completely uneducated people, are getting into investing. The consequences are going to be disastrous. The examples I am thinking of are: - The mississippi bubble in the 18th century that resulted in decades of bad economy and then the french revolution ("Let them have cake" - Marie Antoinette) - The US stock market bubble of 1929 which resulted in World War 2 ("The jews and Poles are parasites and the jews crashed the economy") We are living at a time where instant gratification is the norm, people are more delusional than ever, and as I said, complete bubble, interest rates and bonds yields are at their lowest in human history, plus the financial world got invaded by complete amateurs. This month, beyond meat IPO went up 300% in days. There are plenty of crazy examples. Bitcoin is simply the graphical manifestation of the insanity that is going on. Here is a recent idea about the Bitcoin bubble within a bubble that is going on. And another. We could go for an ABC as described here Or 12345. Bitcoin could ABC to 500$ then hoover in the 500-2000 range for a long while. It could become a currency like the other ones. Why would it not get replaced by something better thought? There are a few bubbles very similar to Bitcoin, but first I would like to focus on Sugar. In the eighties. By "last time they said" I refer to what Bitcoin investors keep repeating, that last time Bitcoin went down some people said it would keep going down and that did not happen. Which makes absolutely no sense to anyone rational / capable of understanding probabilities / just understand how bubbles work. > Great accumulation bottom great entry > 3.618 total extension, 0.618 wave 5 extension > Up 650% > Took exactly the same duration to return to baseline both times > 0.786 retrace "Back to normal" or phase 6 in hyperwave terms (see bubble charts describing the "back to normal" phenomenon) > Not completely clear accumulation, no high reward to risk entry (too many eager gambling buyers?) > At 4.236, wave 5 between 0.618 and 0.786, I expect the top to be in that range > Up 350% after going parabolic. Total when this is over should be around that number. > We shall see how long to go down to 3000. > Almost at 0.786, we probably (?) make it there? Let's take a look at 2011-2013 "bubble". I do not like the word bubble, definitions are all bad. "Prices rise far above instrisic value". Who is to say what the intrisic value is? Demand and supply is what defines it. If bubbles "exist" as defined, then gold is permanently in a state of bubble, all fiat currencies too. Pretty much everything all the time. This is not a "back to normal", just want to look at extensions. Mainstream media and all the people invested in it are (OBVIOUSLY for the people invested) saying this is "back to normal". They are living in an echo chamber and telling every one how they think we are "back to normal", like we expected something else from people that bought... I have explained how this was soon to fail and shown evidence after evidence. Facts and facts and facts, and even undeniable proof of what was going on, and have shown what always happened in history, just to be ignored or ridiculed. This time it's different. Just got ridiculed because "it did not happen in the 2 weeks after that post was made". I am being nice, 2 weeks is more than most people attention span nowadays. Scams can last a long time before dying, but the way things are, I doubt it will last much longer... Surely not 20 more years like Madoff's ponzi scheme. The investors in this scam have turned insane by greed and the % move (most were probably not very smart to beging with), so this is why it is called "dumb money". Completely ignoring facts and risk and logic... A reason for the price to go up is "last time they said". Where some technology is mentionned and the fools that got trapped in this bubble believe that a great number of people were actually bearish on those technology (which is never the case). I made a list of a few of what was supposed to be the "future" "just like last time they said" and just failed completely. There are more failures than successes but we remember successes only, and people are not open minded enough and not interested in history (or too lazy or too greedy and in denial) to know that. Besides, they always seem to mix the technology (Blockchain) which is certainly very interesting, and Bitcoin which is not very different than a ponzi scheme. As a speculator I am trying to guess what a top could be. Momentum should slow in the 12000-14000 area and I would bet on the downside. Price could get close to 15000, and the public go completely wild, whales would take this chance to sell their large stacks that can hardly be cashed out (we have seen sells of only 5000 spread over hours drop the price by 10%...). It is actually not super interesting to trade for plenty of reasons, but I will anyway, for fun & education.
BNC:BLXEducation
by MrRenev
18
The Advantages of Price Action (Technical Analysis) Technical Analysis (AKA Price Action) Technical analysis is the understanding and observing of markets through the only thing that matters; price. Prices generate similar patterns over time, in every market. A single price chart contains more information than you would ever imagine at first glance. Everything you need to know about any company, or market is on the chart in front of you. The current price is what the true value of the market is, regardless of news, indicators, or anything else. The Advantages of Technical Analysis (Price Action) No News - Everything you need to know is on the chart in front of you. Completely disregard all news and outside information. All news is already built into the current price. The price action of the market is all you need to know. Once you understand how institutions operate, you can follow them. No indicators. All indicators are a derivative of price. For example a Fibonacci level. Every price on a chart is a Fibonacci level of some other price on the chart. Although they appear to work, these levels do not work because of Fibonacci. But instead due to the traders equation, which is the mathematical formula institutions use to enter and manage trades. Clearly define support and resistance. You can see on a chart where prices are likely to do something. These are "Key entry points" or "Buy and Sell Zones." Clearly define risk and edge. With technical trading, you have the ability to define your risk before getting into a trade. If the market does not do what you expected, and instead goes beyond your stop, you exit. Without needing to wonder about why this happened, or constantly observing the news. Identify the strongest markets without relying on outside information like news, indicators, someone else, or a "tip." Become independent and trade for your self. If you found this helpful please like! Feel free to comment or ask questions.
Education
by tradersmentality
The Advantages of Technical Analysis (Price Action)Technical Analysis (AKA Price Action) Technical analysis is the understanding and observing of markets through the only thing that matters; price. Prices generate similar patterns over time, in every market. A single price chart contains more information than you would ever imagine at first glance. Everything you need to know about any company, or market is on the chart in front of you. The current price is what the true value of the market is, regardless of news, indicators, or anything else. The Advantages of Technical Analysis (Price Action) No News - Everything you need to know is on the chart in front of you. Completely disregard all news and outside information. All news is already built into the current price. The price action of the market is all you need to know. Once you understand how institutions operate, you can follow them. No indicators . All indicators are a derivative of price. For example a Fibonacci level. Every price on a chart is a Fibonacci level of some other price on the chart. Although they appear to work, these levels do not work because of Fibonacci. But instead due to the traders equation, which is the mathematical formula institutions use to enter and manage trades. Clearly define support and resistance. You can see on a chart where prices are likely to do something. These are "Key entry points" or "Buy and Sell Zones." Clearly define risk and edge. With technical trading, you have the ability to define your risk before getting into a trade. If the market does not do what you expected, and instead goes beyond your stop, you exit. Without needing to wonder about why this happened, or constantly observing the news. Identify the strongest markets without relying on outside information like news, indicators, someone else, or a "tip." Become independent and trade for your self. If you found this helpul please like! Feel free to comment or ask questions.
COINBASE:BTCUSDEducation
by tradersmentality
BTC In Wonderland Finding The Fire Station For This Fired Up BTC There Is Idea Of Short Letter to Predict BTC . Also its your Kind donate Any Crypto to Author :-d First Step Was Crossing The Line Border . 16640 $ Tonight you Saw this Cross Line Was Brooked By Btc Short Firing There Is no Such Big Resistance to Setting Up Btc Place in 2 Lines First one will Be simple Sec Step : Will Be starting New Way To Btc of course 16500 up to 17500 . its those Step Every one Spoke About it . this Location Will be Marvelous I am sure you hear some Perfect Trader : Are you Ready For 20 K or Lose . Its Magical Place i want to talk , It is The best Comic Real Name : BTC In Wonderland 20 k Dreams or Reality of 60 k in 2020
BITSTAMP:BTCUSDEducation
by Rebvari
Theory on Nov crash and 2019 PumpGoing to write about a theory i have on what might have been going on the past 9 months. I have talked about similar things a few times in educational posts, saying that financial markets are NOT here for us, they are here for the brokers and banks to get commission fees and intrest (funding) from leveraged traders. Just like: Casino's: house always wins on the long term. Sports betting: House always wins because most don't have the patience to wait for the good games and gamble preferably 24/7 (just like trading). (online) Poker rooms, taking a percentage (rake) from each played pot (just like brokers/exchanges, guaranteed and no risk). Sometimes doing giveaways and special things to keep the intrest of the players/gamblers/traders alive ;) So those are not around for the gamblers/players/traders to make money. They also don't want them too loose everything, they want them to always be able to play and as long as possible to keep everything alive. Think most people have gambled at least a few times in their life and we all know the saying, beginners luck. It's as if a casino has a special radar to spot a first timer and letting them win the first time. Why? Because once you taste an easy win, you can never go back. Wise people eventually know when to quit gambling before things get out of hand. Others can never let go of that winning feeling and always hope (maybe even pray) that it will come back again (FOMO). Now back to my theory. Think it's safe to say that crypto exchanges had an amazing year in during and since the ATH. With huge volumes all over where they were making big bucks on a daily basis. Since the failed rallies at 8500 and 7400 we can see that volume dropped a lot. The volume candles don't give the correct picture, so i wrote the volumes i remember seeing on average during those periods. Now i can write my thoughts about what might have happened, but it's a bit too much conspiracy theory ish :). So i rather let you think about it yourself and your more than welcome to share what you think might have been going on. Of course eventually i will post my theory on this part as well later on. Only part i will say upfront, during the 3K zone, almost everyone thought Bitcoin was dead and many even started to feel as if, maybe, just maybe it was just one big hoax all along. What is general sentiment now? Oh and before i forget, the Bitfinex/Tether (this one is maybe a bit far fetched) and the Binance hack that happened back at the 5k. Mentioned it back then as well, because we never saw any follow through on that news. Felt like it was being used to eventually short squeeze people who shorted on that news. Please don't forget to like if you appreciate this :) The previous post i mentioned:
COINBASE:BTCUSDEducation
by botje11
54
Four months up in a row plus breakout - Where next?Two plus points for bitcoin at the moment. First is that at this stage based on past performance it appears like stocks go down bitcoin stays level. If stocks rocket so does bitcoin. Win Win. Plus lots of hype about new entrants into the crypto market. My belief - biggest threat to bitcoin future is in brand awareness, and adoption. The authorities will reward brand awareness and adoption. The authorities ultimately can control crypto liquidity and licensing. If the capitalization of brand awareness and adoption of a rival coin outgrows bitcoin you can be 100% sure that rival coin will target store of value next. For now crypto needs as much liquidity as possible to grow, and bitcoin the biggest brand name, and current bellwether of a whole new nascent industry appears too big to fail.
BITFINEX:BTCUSDEducation
by UnknownUnicorn2181194
2