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Bitcoindollar

BTC - Things Are Getting Very Scary Hi, this is my new update for BTC. After 25% correction things are getting very scary for BTC. Right now we have broken some support levels, the most critical one is $51200, that we have to hold and the most important one is that we have to hold both the SMA100 and the trendline, but once we break below these levels then, we are going to test the support level $45000 and I think we are going much lower. MACD is red, we have broken SMA50, RSI is very low and has broken som support levels. 3 things can make us happy 1.) The support level $51000 holds, 2.) The trendline holds and 3.) The SMA100 holds. So be PREPARED
BITSTAMP:BTCUSD
by GOAT1375
1
BTCUSD - Pay Attention, Stay Calm, Spend Money !!!Hello everyone, I am trying to give a hand to others that could be stuck in indecision. Consider that anything is possible, check the end of the last 4 months(Options), check the indicators(Divergence), check support zones, check Rising Wedge. Trust True Intuition Take(Do not Pay) Attention to fibb retracements, resistance zones, buying interest, volumes and the last show for this Bull Run, which could be near. Consider it, This is not just a trading advice, St. Gex
BITSTAMP:BTCUSD
by StGex
3
BTC USD Weekly Timeframe, Revisit 20EMA levels on the table?Failure to reclaim 57k even with bullish news such as Venmo integration doesn't look good. Wouldn't be surprised to see BTC bleed down to the 20EMA levels such as 43-45k over the coming weeks before seeing a strong reversal. I've started to act accordingly and reduced exposure, hoping to be wrong, but it would be stupid to ignore the red flags. Market doesn't make much sense right now with all these meme coins pumping (DOGE, SAFEMOON etc...)
COINBASE:BTCUSD
by wizardfromspace
BTCUSD - Looking at wide contingenciesA troll on youtube says that I'm doing too much guessing. Lol. I'm preparing for contingencies. I'd be happy as shit to keep confirming the solid black trend line. But I'll be prepared if we start onto the dotted line. P Brandt and another friend seem to think we will bounce off 43k. Ironically that's about the top of my re-enty zone should things get dicey. I also agree that if we stay above 30k we're absolutely still long-term bullish on a bigger time-frame with a local downward movement. Probably somewhere in the middle of my massive retrace zone is my most likely expectation should this chart start to confirm the dotted line. Damn. I'm writing too much. Your eyes and your research should tell you all this. I don't give buy signals but you can and should follow me on youtube for my rampant speculation.
BITSTAMP:BTCUSD
by HaYoo_Market_Analysis
2
BTC, Strange price action - thoughtsA few ideas for Bitcoin During the bullrun it can be seen that 'hills' form throughout the run (labelled 1,2,3..) This is evident in the 2017 run and 2020 run The cup and handle idea is just a wacky idea that I threw together, it could also be viewed as a massive bullflag that has taken form Currently the price is acting strange, not forming a 'hill' but plateauing just above one of the bands Assuming the top band is touched this is out of character, any thoughts or additions to this 'strangeness' is welcomed Curious to see how this goes
COINBASE:BTCUSD
by Bixley
BTC- Rebound at 44k or now? (Video)Good morning people, Cryptos have corrected while we were supposed to be having our weekend relaxation time... cryptos never sleep but we have to. This is my updated Bitcoin chart, where I see a major support at 44k and that's where I would be buying massively. This does not mean that the price will drop there, it might go up now BUT: The dip caused the price to drop under the channel and this is bad news as it might go back up now and find resistance.
Long
by FX_Professor
3
Bitcoin $BTCUSDC Target PTs 76,245-93,237WHY BITCOIN IS THE ONLY CRYPTOCURRENCY YOU NEED Several characteristics reinforce Bitcoin’s dominance and superiority over all other cryptocurrencies. In contrast to the thousands of different cryptocurrencies that have emerged since the 2017 Initial Coin Offering boom, Bitcoin remains the best choice for any investor looking to enter the space. Why is Bitcoin superior to all other cryptocurrencies? To find the answer, one must first examine what makes bitcoin a sound monetary asset. The following are several of its key characteristics. ABSOLUTE SCARCITY There will only ever be 21 million bitcoin in circulation, and that number won’t be reached until 2140. By 2035, 99% of all the bitcoin that will ever exist will have been mined. This fixed supply issuance of 21 million is programmed into Bitcoin, meaning that it can never be changed or altered without consensus among the network’s node operators. Furthermore, no matter how much the demand for bitcoin increases, the supply will always remain the same, and over time, the supply expansion decreases until stopping entirely. This is a key distinction that determines the nature of sound money and Bitcoin’s economic principles. There is an infinite supply of other cryptocurrencies, as other cryptocurrencies’ maintainers can simply create more iterations of coins out of thin air, regardless of current monetary policy. Saifeadean Ammous, the best-selling author of The Bitcoin Standard, provided an excellent explanation of scarcity in relation to money: “A money that is easy to produce is no money at all, and easy money does not make a society richer; on the contrary, it makes it poorer by placing hard-earned wealth for sale in exchange for something easy to produce.” COMPLETELY DECENTRALIZED Bitcoin is the only truly decentralized cryptocurrency. No single entity or person runs or operates the Bitcoin protocol. Therefore, the entire Bitcoin ecosystem is completely resistant to any counterparty risk. Politically and socially, this is extremely important to the overall value proposition of Bitcoin’s network because, with no single points of failure, governments and other powerful entities cannot target, coerce, or manipulate any individual or group into regulating or altering key components of the base protocol. Ethereum, for example, has the influence and leadership of Vitalik Buterin and the Ethereum Foundation, so as Ethereum 2.0 and other cryptocurrencies continue to adapt and grow, it will be interesting to see how he and the protocol responds to political pressure and government regulation. PROVEN NETWORK EFFECTS Bitcoin’s network effects cannot be ignored. It has established itself as a legitimate store of value (SoV), growing to over $1 trillion market capitalization in 12 years. No other cryptocurrency has come even close to Bitcoin’s mass adoption and overall market cap. To further emphasize the power of Bitcoin’s network effects, Metcalfe’s Law holds that a network’s value is proportional to the square of the number of users. That is to say, as a network’s number of users grows linearly, its value grows exponentially. Jeff Booth, a visionary leader in the Bitcoin space and author of The Price of Tomorrow, explained that for any new emerging technology to disrupt an existing network of similar significance, it needs to be 10 times better. For the new network to gain mass adoption, it can't just be twice as good—it needs to be orders of magnitude better to create a mass network effect. BITCOIN WINS When looking at the overall crypto ecosystem, it can be easy for beginning investors to get overwhelmed by the thousands of different cryptocurrencies . One might question whether they should go all in on Bitcoin, or incorporate other cryptocurrencies into their portfolio. There are different opinions on other cryptocurrencies, as some believe them to have various possible future use cases. However, from the standpoint of which cryptocurrencies have the characteristics of a SoV asset, there is no comparison to Bitcoin’s economic and technical principles. Bitcoin is and will continue to reign supreme as the top global cryptocurrency as its adoption grows, wealth management firms continue to provide exposure to their high-net-worth individual clients, and more institutions adopt it on their balance sheets. In the race to become the world's largest monetary asset and paradigm-shifting economic network, Bitcoin will win.
Long
by BADQOMOCAWGOWLD
1