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Bitcoinbullish

BITCOIN when do the BEARS WIN?What's up everyone! 😃 The answer depends on many factors and we will be looking at a couple of different ones in the form of price acion patterns, indicators and reracements. ------------------------------------ Part 1: The Daily Chart; Channel life, the daily SMAs/EMAs and the trend's Fibonacci levels. - The Daily SMAs 50: 41.8k 100: 41.6k 200: 48.2 - The EMA Ribbon 20 Day EMA to Day 60 EMa 44k-43kk - The ascending channel Top: 48.300-48.600 Bottom: 38.400-38.800 - The trend's (32.9k-48.2k) Fibonacci retracement 23.6: 44.6k 38.2: 42.4k 50.0: 40.6k 61.8: 38.7k 65.0 38.3k 78.6: 36.2k ------------------------------------- Next Strong Support (lower green circle): - 50&100 day SMAs - The 38.2 level on the trend's Fibonacci retracement = 42.4k-41.6k Next Strong Resistance (upper green circle): - Daily EMA 20 - 23.6 Fibonacci level = 44k-44.6k ------------------------------------- Trend support (lower red circle): To stay in this trend that we are in since January now in form of this ascending channe, we need to hold the bottom of the channel as a worst case scenario. The good news is that there is more support in that area: - Ascending Channel support - 61.8 & 65 Fibonacci levels = 38.3k-38.7k Trend Resistance (upper red circle): (confirmation to the upside with daily close above) - Ascending channel resistance - 200 day SMA = 48.2k - 48.6k ------------------------------------- Conclusion: - The bears start winning if we fall below 41.6k and they officially start to take control below 38.3k - The bulls start seeing a reversal to the upside above 44k and start to take full control above 48.2k ------------------------------------- I would like to add that this post is meant exclusively for educational purpose and that non of my posts are financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
by DeFeye
1
BITCOIN (BTCUSD) – CASH: Buying After A Pullback To Support AreaBITCOIN (BTCUSD) – CASH: Buying After A Pullback To Support Area (NOTE: As Bitcoin doesn’t form perfectly clean signals most of the time, and as this market has random levels of liquidity and can be very volatile, we will only annotate the clearest and well-pronounced signals that form at confluent areas of the chart. TRADING BITCOIN AND CRYPTO IS HIGH RISK, USE A REDUCED POSITION SIZE UNTIL YOU ARE FAMILIAR WITH THIS MARKET). Price Action: There is no new price action signal to note at this time. The prior Bullish Pin Bar Signal from late last week has now failed (We did not consider trading this signal, nor did we mention it). Potential Trade Idea: We are considering buying on a deeper retracement lower and after a price action buy signal on the daily or 4 hourly chart time frame, at or just above the 37559 short-term support level.
BITSTAMP:BTCUSDLong
by UnknownUnicorn393254
BITCOIN 360k+ Update!Happy Saturday Everyone! 😃 It's been a little over two weeks since my "crazy" post and video where I spoke about why I think that Bitcoin could reach 165k to 360k before we break the uptrend on the larger time frames and fall into a full on bear market. The original Idea and the follow up video got a lot of traffic and I want to thank all my new followers and @tradingview for the support! 😃🙏 I decided to post an update here on the Monthly BTCUSDT chart for better visibility. Original Idea: "...The Idea is simple, as you can see BTC has never fallen below the 200 Week SMA (black line), not even during black swan events like the start of the pandemic in 2020 ... Bitcoin hasn't found the top yet as an 85% correction from the current 69k top would take us to about 10k and we would have to break the 200 week SMA which as previously mentioned, has never been broken. Hence a result, to imitate the behaviour of Bitcoin during and after the ATH's in 2013 and 2017, BTC would have to rally to about 165k before dropping back down to the 200 week SMA..." Update: - The average correction after reaching a new ATH was 83% from top to bottom since 2010. - 360k+ is more likely than 165k top since the weekly 200 SMA reaches 60k+ (rough estimate) after BTC reaches a top of 360k+.. - All ATH's since 2010 are taken into consideration. Stay tuned for my Bitcoin update video 🎬, where I will discuss the most bullish path to reach those targets of 360k+ ! 📈 I would like to add that this post is meant exclusively for educational purpose and that non of my posts are financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
INDEX:BTCUSDLong
by DeFeye
13
Bitcoin's Stock to flow and Log Growth Curve suggest upside 30xBitcoin has been boring the last couple of months and has roughly gone sideways in a rather long range for the last year. The price action has been sideways some of the longer term indicators have been priming and suggest that the next move is to the upside. The stock to flow model comes and goes in popularity with the volatility of bitcoin. When bitcoin is impulsing to the upside people pay a lot of attention to the indicator. Then there are times like we are in right now, when the stock to flow has moved but price action is still roughly sideways. I myself historically have always doubted the stock to flow but it is putting more history behind it and so it seems to be more reliable than I have previously thought. There are several different versions of log growth curves and I find this one useful. It is subdivided into sectors and I have elected to simplify the curve by showing the top and bottom 14.59% as well as the middle portion of the band. For the last two pumps on the stock to flow bitcoin moved roughly sideways around one of the log growth bands for quite a while before pumping to target or beyond. For the last couple of months price has hopped on top of the lower band I defined and so far has done a good job of finding support. The Log MACD histogram is beginning to approach zero and the Log MACD is turning up. The hidden bullish divergence increases the probability that we will see a sustained move to the upside. If the last two trend pumps of the stock to flow are suggestive of this next uptrend we will still have to be patience for this move to slowly pick up steam. Hopefully we will see that strength pick up over the next two-six weeks. If the stock to flow ends up being accurate will will have to get a new log growth curve. First things first will be to see how this weekly pattern resolves. But I have seen plenty of TA around that so I won't replicate it here except to say a move to the top of the weekly keltner is likely, then retesting the horizontal level of the ascending triangle.
BITSTAMP:BTCUSDLong
by This_Guhy
9
BTC daily bearish scenario, if it were to happen.BTC daily chart: this is the scenario if it would go down. there is a bullish scenario as well, but i belive this is how it would go down if it does. key level of support are listed. I honestly believe that a new financial system behind the scene is causing this major dump and volatility. Long term, the charts are still set-up.. also ive been in the belief for 6+ months, cycles are not going to be the same at all, due to the world wide crypto adoption...the future is bright...hang on. rememeber, my previous charts show if it brreak the bullish trendline, it would look to go to $52K+...also TESLA and MICRO STRATEGY has there billions of dollars of BTC at $29-32,000 so my opinion, they dont want to lose there money, they would buy it all up at those levels.
COINBASE:BTCUSD
by bylerzone
2
BITCOIN 165k before 22k!Happy Sunday Everyone! 😃 This is a mid to long-term bullish scenario for Bitcoin. The Idea is simple, as you can see BTC has never fallen below the 200 Week SMA (black line), not even during black swan events like the start of the pandemic in 2020. We can also see that after the previous ATH's in 2013 and in 2017 , the price dropped roughly by an average of 85% . The conclusion of this idea is that Bitcoin hasn't found the top yet as an 85% correction from the current 69k top would take us to about 10k and we would have to break the 200 week SMA which as previously mentioned, has never been broken. Hence a result, to imitate the behaviour of Bitcoin during and after the ATH's in 2013 and 2017, BTC would have to rally to about 165k before dropping back down to the 200 week SMA roughly between 25k and 22k . I would like to add that this post is meant exclusively for educational purpose and that non of my posts are financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
Editors' picks
INDEX:BTCUSDLong
by DeFeye
171
165k BITCOIN Prediction Too CONSERVATIVE?!Happy Monday Everyone! 😃 The title says it all, I'm going over my very controversial chart from yesterday where I predicted a 165k top for BTC . I will post an updated more detailed version of the chart in the coming days. Please make sure to check out my other posts too if you liked this one! And finally a massive THANK YOU to all of you new followers and THANK YOU to @TradingView for publishing my post on to the front page of the website! 🙏🚀😃📈 I would like to add that this post is meant exclusively for educational purpose and that non of my posts are financial advise. As always, A BIG THANK YOU for stopping by, I hope you liked my post! If you did, please take a second to drop a like or comment, every engagement puts a smile on my face, but also helps me to get my ideas out to many more of you guys! 😃🙏 Happy Trading ✌♥📈
Editors' picks
INDEX:BTCUSDLong
by DeFeye
127
Bitcoin (btc) set to Start New Trend starting from WEEKLY chart 10 decemeber 2018 considering 12345 waves it ended on 08 nov 2021 considering it as impulse waves and with that consideration and watching price action CORRECTIVE ABC was formed and connecting fib retracement from A to B, C wave was ended on 1.6 retracement which is a textbook projection on DAILY chart marking shicff pitchfork from starting point of ABC wave to AB (0-AB) found that C wave has halted on lower median on pitchfork we plotted (((confluence 1))) with the help of trend based fib extension, marking it with same point of pitchfork and connected the remain two points with median of pitchfork considering ((1.382)) lvl as my golden zone for the price rejection was occurred (((confluence 2))) as bear market condition are fast and furious the bull markets are big and slow, using TREND BASED FIB TIME, again the ((1.382)) levels were syncing with {MEDIAN + TREND BASED FIB EXT + TREND BASED FIB TIME} (((confluence 3))) on 4HR chart the yellow mark price action had bullish RSI divergence THIS ANALYSIS IS PRE ENTERING THE TRADE HOW TO TRADE? ? ? ? ? the green buying zone, as price breakout and retest the zone specifically = 38200 to 38550 (((ENTER))) it has mostly POSISTIONAL trade the Target has no limit instead using TSL will be great for maximising our profit will update accordingly ...
Long
by Jimmy_Rebello
3
#Bitcoin cycleBitcoin habits In this analysis, I noticed the behavior of bitcoin It is quite clear that every time an important level was broken and a new ceiling was hit, bitcoins hit the broken level. Growth cycles are usually four years It usually grew by more than 450% in each cycle In this chart we see that we have not yet reached the middle of the road I expect bitcoin to grow to $ 140,000. The lowest possible price is $ 18,900. If Bitcoin falls below $ 18,900, I think a bearish market has begun
INDEX:BTCUSD
by shamanica
Bitcoin ---> Pump incoming! Pay attention to the chart pattern and the oscillators. When the stochastic, RSI and Money Flow Index, all reach their lows, it typically indicates a pump for Bitcoin. And when this occurs on the daily, it usually means a pump that lasts for many days (even a couple of weeks). Given the chart pattern (an ascending triangle), the target is $100K but... don't let that fool you. I predict an EPIC struggle to cross $100K, so take profits before then my friends as whales will send the price DDDD OOO WWWW NNN the throat of thirsty buyers who believe in $100K+ Bitcoin! Happy Trading y'all :-)
COINBASE:BTCUSDLong
by LTSInvestor
Bitcoin Update 08/11/21: BTC Breaking Out, Road to $74k Bitcoin Update 08/11/21: BTC is Breaking Out, Road to $74k is clear from here, we are currently 12% gain away from the $74k target at the 127.20% fibs. Please see previous analysis below. Happy Trading :) Bitcoin Update 19/10/21: Bitcoin is currently 0.82% away from the previous ATH set in May, our next price target is at the 127.20% fibs @ $74k. Please see previous analysis below. Happy Trading :) Bitcoin Update 13/10/21: BTC Golden Cross Road to $74k (18/09/21). BTC is showing strong support around 53k-55k, from here we expect a clear breakout above the 78.60% fibs and a retest of the ATH🎯@$64k! Currently BTC is only 12% away from the previous ATH . BTC is now back above 55k for the 2nd time now in 5 months. Please see previous analysis below. Happy Trading :) Bitcoin Update 03/10/21: Since the 30th September, Bitcoin has grown 18%+ over the past 3 days. From the current price level Bitcoin is 33% away from the ATH . Scenario 1 didn't quite play out for BTC as we mentioned earlier during the start of the month (September). From here we can expect the Scenario 2 Push Phase to play out. A clear break from here with the 13 EMA crossing up above the 50 SMA will be further confirmation of this continued bullish momentum pushing above Key Resistance at $46k. September is historically a red month, and this year we saw this across the board from stocks to cryptocurrencies. The BTC Golden Cross experienced on the 16/09/21 signals very bullish momentum. From a technical perspective Bitcoin is in a Bullish market, further to this we have the Golden Cross for BTC which occurred on the 16th September on the Daily Chart (Historically every time we see this movement on the moving averages, we have experienced significant growth in BTC ). The Golden Cross signals very strong bullish momentum which could see Bitcoin back at the ATH price level after a clear breakout above the 61.80% Fibonacci which is a significant level for whale action as we see accumulation around this key price level range between $47k-$52k. From the current price level @ $48k, BTC is 54% away from the ATH price. We expect some explosive movement incoming in the next 2-3 months as we head towards eoy. Please see previous analysis below. Happy Trading :) 🎯 Bitcoin Update 05 /09/21: Bitcoin has been in a steady accumulation range between $46k-$51k for the past 23 days. From this key level we can expect continued bullish momentum towards the upside to the next key level of resistance at $57k. Currently Bitcoin is 25% from its ATH price @ $64k. If we can have a clear break of this resistance and hold above $51k flipping it into support we can expect a bullish run towards the $57k resistance, this move might be met with some heavy resistance above this key level as $58k-$60k is a key psychological barrier for Bitcoin . The next few months are critical for BTC as bullish momentum could see the 127.20 fib target at $74k. Please see previous analysis below :) Happy Trading! $50K incoming again for the weekend 🚀, if we can break resistance and hold above $51k flipping it into support we can expect a bullish run towards $57k resistance. The next few months are critical for BTC as bullish momentum could see the 127.20 fib target at $74k. Please see previous analysis below :) Happy Trading! Bitcoin Update 21/08/21: Road to $74k is clear, but first Bitcoin has to break above $51,068 and flip this into support for the next leg up to the 78.60% Fibonacci level at $57,125. If Bitcoin can flip the 61.80% fibonacci level into support we could see bitcoin approaching the $60K region looking to push for a new ATH . The 61.80% fibonacci level is a key resistance level and a level where we previously saw large amount of whale accumulation in the previous run before the May crash. In another possible scenario we could see Bitcoin retracing and consolidating in the short term but when we look on the lower time frame 4H, the swing call script has just triggered a strong buy signal showing continued bullish momentum for Bitcoin . It is official the Bitcoin Bulls are back!! Please see previous analysis below. Happy Trading :) Bitcoin Update 14/08/21: Update: Currently 4% Gain from this Short-term Swing Opportunity, stops just below $43,812, TP @ $51,068 at the 61.80% Fibs, additional TP at the 78.60% @ $57,125 (19% Gain from current price level). Please see previous analysis below. Happy Trading :) The Bitcoin Bulls are Back! After setting a new ATH @ $64,841 in April, Bitcoin experienced its the first major sell (some may say manipulated) off in this Bull Run Cycle (-50% from the top). We have been closely watching the BTC chart for a strong trend reversal signal. From the ATH @ $64,841, Bitcoin formed a triple bottom in the $28-30k region, the last bottom experienced on the 21st July is confirmed as our bottom here. The Swing Call Script gave further confirmation of the strong trend reversal as a Buy signal was triggered on the 4H Chart on the 22 July and further on the 6th August showing strong signs of bullish momentum back into the market. From here we expect BTC to retest the current ATH @ $64k which is a 40% Gain from the current price @ $45k. Further to this, we can expect some heavy resistance between the 61.80% - 78.60% fibonacci level. A clear break past the 78.60% fibonacci level see BTC setting a new ATH at the 127.20% fibonacci level. Please see previous analysis below. Happy Trading :) BTC finally testing the 200 SMA and is showing strong signs of bullish momentum as we see the BTC Bulls coming back into the market 🚀. After 4 failed attempts of trying to break above the key resistance @ $38,595 BTC has finally broken above this key price level. Since the crash BTC found its Bottom tanking down -51% on the 19th May to $28,787 from $57,777 and had previous retraced from the ATH price @ $64,841 to $46,814 (-27%). BTC has been in a whale accumulation zone for the past 27 days from 19th May to 15th June. Our Swing Call Script triggered a strong buy signal for #BTC LONG when the 13 EMA crossed up above the 50 SMA on the 10th June; BTC has since increased over 10% in just over 5 days. From the current price level we have longs positioned and the current TP 1 is at the 127.20% Fibonacci level @ $74,647 (85% gain from current price level) and TP 2 at the 161.80% Fibonacci level @ $87,122 (116% from current price level). Note the price targets are for long term swings, we may be in this accumulation phase a little longer. Happy Trading :). See previous analysis below. Bitcoin Update 02/04/21 Next Target @ $66,953 13% Gain New ATH in April I've loved charting BTC last Month, analysis has been quite spot on just waiting on our new ATH now @$66,953 13% Gain from current price level. #Bitcoin has found key support around $58k price level. It looks like the Bitcoin Bulls are back in the market. Worst case scenario from here in the short-term could see the price test the 50SMA, and breaking below this level would see another test of the 200SMA before the anticipated move to the upside and our target of $66.953 at the 127.20% Fibonacci level. See previous analysis below. Happy trading :) Update 29/03/21 Bitcoin next Target @ $66,953 21% Gain Nice bounce from the whale accumulation zone at the 78.60% Fibonacci Level. Looks like the BTC Bulls are back in the market. See previous analysis below. BTC Monthly Outlook Update (23/03/2021) Approaching Whale Accumulation Zone at the 78.60% Fibonacci level @ $52,371. Interesting next few days from here as a bounce from the 200 SMA at the whale accumulation zone could finally see us break through the key resistance at the current ATH level from 14/03/21 @ $61,690. April is set to be a very interesting and pivotal month for the cryptocurrency space. See previous analysis and monthly outlook below. Happy Trading :) #whaleaccumulationzone Update 21/03/21: Yesterday the Bulls failed to push the price higher and we had a small retracement down from $59.5k to $55.6 where we found some support of the current price level (-7%). From here the worst case scenario would find us in a key whale accumulation zone @ 78.60% Fibonacci level $52,371. However this scenario is unlikely to play out and as expected from the previous outlook before, we expect the Bulls to come back in the market, pushing as further to higher highs as we have been consolidating around this key price range between $54.5K to the current ATH @ $61.8k. If we fail to break past the previous ATH , the bearish scenario may see a test of the 200 SMA around the 78.60% Fibonacci level, otherwise the Bullish scenario is still in play. Note that from this current trend from 28th January we have only tested the 200 SMA once and a bounce from this level may signal a much stronger bullish move towards our price target $77,335 @ the 161.80% Fibonacci extension and further $107,340 @ the 261.80% Fibonacci level. So far great performance this month from £BTC as March is usually quite a bearish month looking back at the past. April looks ready for us to really fly, testing the 161.80% Fibonacci extension , but note this may not be a straight forward push but all the fundamentals are pointing towards the $70K as our next significant area of interest for the Bulls, currently a 16% gain from the current price level would see BTC reach $66,953 127.20% Fib extension. See previous analysis from 1st March 2021 below. Happy Trading :) $BTC #HODL *Update 20/03/21 #BTC Monthly Outlook Update from 1st March 2021; 13 EMA crossing up 50 SMA showing strong bullish sentiment as we are about to enter the last week of the month, expect the bulls to come back and to push the price higher. Currently the 127.20% Fibonacci Target ($66,953) has not been tested yet, but we expect some big movement in price over the next few days and further going into the last week of the month (Yes, it has been March Madness), 13% Gain from the current price level @ $59,390 to $66,953 127.20% Fib extension. Our next target after this is $77,335 @ the 161.80% Fibonacci extension . From our analysis at the beginning of the month It looks like scenario 2 has been in play, see below previous analysis from 2nd March 2021. In addition to previous price analysis, the Cryptocurrency 'Super Cycle' is in play as we are just at the brink of global adoption. 2017/18 was the hype era, we cannot continue to set targets based on the price movements during the cycle mainly fuelled by hyper and euphoria, it is now 4 years later and real development has been happening behind the scenes, a lot of people cannot quite comprehend the growth and the different cycle that we are now in as Moore's Law of exponential growth can only give us a hint at the growth that is about to be experienced over the next 4 year cycle. An increased influx of capital injection into this now trillion dollar market will only continue, as Defi takes its hold on current Global financial infrastructure, and yes history repeats itself, We call this the 'Roaring 20s' just like before at the end of WW1, the pandemic has only accelerated the current adoption rate of blockchain technology. As some are already aware, the best time to grow a million dollar portfolio was from 2009 to 2019 just after the housing market crash. The second best time in our lifetime is Now! from 2021 to 2029 after the pandemic market crash. We are still very much Bullish for BTC to reach our EOY Target of $356,000, See below key fundamentals which support our bullish sentiment. *(March 02, 2021 Update) BTC is currently consolidating at 61.80 Fibonacci Level. BTC outlook for the month ahead is still very much bullish . Although the sellers have been in control of the market since soaring to a new ATH on 21/02/21, BTC took a sharp retracement as expected at these new level of resistance as well as a new ATHof$58,792 on the Gemini Exchange. As from historic highs we see a lot of profit taking occurring after 3 weeks of setting new constant highs from the previous low of the last push wave which saw BTC setting a high of $42K and then sharply retracing down to $28,787 where we found the previous resistance and also the beginning of the last phase which saw one of the greatest run of Bitcoin in history, reaching the current ATH of $58,792. With the current push phase now over we find ourselves asking how low can we go from here and when do we expect to break past a new ATH . This outlook is based on 2 possible scenarios which could both play out. We have seen the 50% Fibonacci retracement level respected on the last 2 Push phases which both set new ATHs, the first being $42K and latter, the recent high of $58K. As we have seen a strong retracement over the past 7 days back down to the 50% Fibonacci, it may be time for the BTC Bulls to regain control of the market as the current fundamentals point to the 50%-38.2% Fibonacci level of key resistance as well as a point of accumulation for the BTC whales, more importantly the $39,000 mark when looking left at the previous key resistance before the parabolic move to the $58k ATH . With this in mind, from the current levels we could see the price of BTC sink further before the much expected move which could see BTC testing the previous High of $58k and further pushing to the 127.20% Fibonacci extension level setting a new ATH @ $66,953. Scenario 2 would see the current push towards the ATH continue but may face some resistance, and further consolidation expected around $46k-$49k as they are the key Whale Supports towards the upside, so a further retracement could be in play, possibly testing the 50% Fibonacci level, as well as the 50 SMA , with a bounce confirming an explosive move to the upside which could see BTC easily smash past the 127.20% Fib extension level setting new fresh Highs between $67,000-$78,400+ by mid to late March. Use the buy zone indicated to map out your position as a possible 52% gain is achievable from the Buy zone. Stochastics showing an extremely oversold market condition. Happy Trading :) * Key Supporting Fundamentals for BTC: Strong Interest of Institutional Players A survey of institutional investors and wealth managers who already engage with bitcoin reveals that 85 per cent plan to increase their investment in the cryptocurrency over the next two years. The survey, which was commissioned by Nickel Digital Asset Management (Nickel), a regulated investment manager connecting traditional finance with the digital assets market, also reveals that between now and 2023, 72 per cent expect professional investors in general to invest in bitcoin for the first time or increase their exposure. Current Economic Instability The policy of the US Federal Reserve and the economic instability that has arisen as a result of the unprecedented emission of new dollars may further play a role in the growth of Bitcoin price...10% of the $380 billion stimulus money could be going directly into cryptocurrencies and Bitcoin . Digital Gold Crypto currencies certainly look as if they’re here to stay. It makes a lot of sense to have them in an increasingly digitised world. While bitcoin has a strong tendency to polarise opinion, it has now gained acceptance among some of the world’s largest financial institutions and payments companies. MasterCard, for instance, has said it will begin supporting crypto currencies on its network later this year. PayPal already allows eligible users to buy, sell and hold bitcoin in the US and expects to roll out its service in other territories soon. The Case For Global Adoption and New Reserve Currency Cryptocurrencies promise to help solve problems that are particularly acute in emerging markets (EM). Their governments are often centralized but relatively unreliable, which destabilizes currencies, opens the door to profiteering middlemen, and erodes public trust. Blockchain, the technology behind Bitcoin’s decentralized network, promises to cut out the grasping hands of governments and middlemen, and speed up transactions with more transparency and lower fees. It is offering what many EM customers are desperate for. The Development and Extensions of Blockchain Technology Due to the nature of blockchain technology’s ability to benefit all parties involved in different business operations. Since it was introduced in 2009 through the application of Bitcoin , blockchain technology continues to attract not just the financial institutions of the world, but also other fields and industries in insurance , law, entertainment and the Internet of Things ( IOT ) applications. Several scholars and advocates have also strongly suggested the use of the technology in voting systems globally, medical records and vehicle registrations by the state to further increase efficiency, simultaneously eradicating fraud in many areas. This technology does not only aim to improve conventional business operations but can also empower the greater society out of poverty as 1.7 billion adults in the world remain unbanked. The widespread adoption of a cryptocurrency like bitcoin running on the blockchain would mean that anyone with access to the internet can send and receive value from point A to B without the need of a third party. Although many Banks were very hesitant and in fact spread fear in the markets due to cryptocurrencies being linked to nefarious activities on the dark web. A recent study by Goldman Sachs suggested that the adoption of blockchain technology in facilitating seamless cross border transactions without the worry of fraudulent transactions could save up to $6 billion a year; as the new models currently being developed by the bank would mean inefficient payment and accounting networks would be eradicated.
GEMINI:BTCUSDLong
by CryptocurrencyMagnet
IT'S HAPPENING! BULL AUTUMN AHEAD IN CRYPTO LAND!As discussed at length a couple of months ago, we've been keeping a close eye on the internal strength relationship between Marathon Digital Holdings (an American Bitcoin mining company) and the Bitcoin spot price. As we can see, the soon four year long reversed head and shoulders pattern has now gotten a technical breakout. As long as this DOESN'T turn into a fakeout, we can safely conclude that Bitcoin is in for an autumn rally! Why then is that? Well, just as Coca Cola won't lower their prices on their tooth-acid nightmare should the price of sugar skyrocket, neither would Marathon itself trend whilst Bitcoin is dumping. Based on the near 4-year long technical build-up, there is A LOT of upwards pressure amidst a north-bound breakout, like now. Hence, we can naturally conclude that Bitcoin is either ready to truly move, or at least to continue consolidating with time, as in a price-based correction, above THIS key horizontal support zone. We have recently discussed how Bitcoin could be in for a nasty flat down to $22,000-25,000. Is that entirely nullified then? Yes and no. As long as this internal breakout in Marathon versus Bitcoin (NASDAQ:MARA/BITSTAMP:BTCUSD) DOESN'T turn into a fakeout, then yes: the flat threat is cancelled. If, however, we were to see a soon-to-come break below the technical neckline, then you can bet the farm Bitcoin will go down there. As for now, given the immense risk to reward, I have put all of my eggs into Cardano, Ethereum, Marathon Digital Holdings and Polkadots - all of which are some of the strongest technical prospects right now. With that said, I WILL release EVERYTHING upon a break down below the neckline. And the reason is simple: fakeouts tend to move highly aggressively in the opposite direction. In such case, you can take the low to mid 20 000s targets to the bank.
NASDAQ:MARALong
by LongLifeTrading
1