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Bitcoinpriceprediction

#Bitcoin - thoughts out loud #17 !!! IT IS IMPORTANT TO READ THE DESCRIPTION !!! Good afternoon , dear colleagues! I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument. For the current period of time, I continue to look for opportunities to buy an asset cheaper. As in the previous opinion, it was said that the range of 23000 - 23200 is a benchmark for further movement. As we can see, there is no professional activity. I expect purchases to resume around 19000 . Thank you all for your attention, I wish you success, and remember: Sometimes you win /sometimes you learn . #Bitcoin
Short
by WVitalievich
$BTCUSD BitcoinBitcoin (BTC) price has declined today. The price of Bitcoin (BTC) is $22,426.84 today with a 24-hour trading volume of $34,156,727,976. This represents a -3.70% price decline in the last 24 hours and a -6.40% price decline in the past 7 days. With a circulating supply of 19 Million BTC, Bitcoin is valued at a market cap of $432,715,752,258. What is Bitcoin? Bitcoin is a cryptocurrency launched in January 2009 with the first genesis block mined on 9th January 2009. It is a decentralized digital currency that is based on cryptography. As such, it can operate without the need of a central authority like a central bank or a company. It is unlike government-issued or fiat currencies such as US Dollars or Euro in which they are controlled by the country’s central bank. The decentralized nature allows it to operate on a peer-to-peer network whereby users are able to send funds to each other without going through intermediaries. For more information on Bitcoin, do read CoinGecko's How to Bitcoin book. Who created Bitcoin? The creator is an unknown individual or group that goes by the name Satoshi Nakamoto with the idea of an electronic peer-to-peer cash system as it is written in a whitepaper. Until today, the true identity of Satoshi Nakamoto has not been verified though there has been speculation and rumor as to who Satoshi might be. How does Bitcoin work? While the general public perceives Bitcoin as some kind of physical looking coin, it is actually far from that. Under the hood, it is actually a distributed accounting ledger that is stored in a form of a chain of blocks, hence the name blockchain. In a centralized system like the ones operated by a commercial bank, given a situation where Alice wants to transact with Bob, the bank is the only entity that holds the ledger that describes how much balance Alice and Bob has. As the bank maintains the ledger, they will do the verification as to whether Alice has enough funds to send to Bob. Finally when the transaction successfully takes place, the Bank will deduct Alice’s account and credit Bob’s account with the latest amount. Bitcoin conversely works in a decentralized manner. Since there is no central figure like a bank to verify the transactions and maintain the ledger, a copy of the ledger is distributed across Bitcoin nodes. A node is a piece of software that anybody can download and run to participate in the network. With that, everybody has a copy of how much balance Alice and Bob has, and there will be no dispute of fund balance. Now, if Alice were to transact with Bob using bitcoin. Alice will have to broadcast her transaction to the network that she intends to send $1 to Bob in equivalent amount of bitcoin. How would the system be able to determine that she has enough bitcoin to execute the transaction and also to ensure she does not double spend that same amount. Here is where mining takes place. A Bitcoin miner will use his or her computer rigs to validate Alice’s transaction to be added into the ledger. In order to stop a miner from adding any arbitrary transactions, they will need to solve a complex puzzle. Only if the miner is able to solve the puzzle (called the Proof of Work), which happens at random, then he or she is able to add the transactions into the ledger and the record is final. Since running these computer rigs cost money due to capital expenditure for buying the rigs and the cost of electricity, miners are rewarded with new supply of bitcoins that is part of its monetary system and some amount of fees paid by the person who wishes to transact (in this case it is Alice). This makes the Bitcoin ledger resilient against fraud in a trustless manner. While it is resilient, there are still some risks associated with the system such as the 51% attack where by miners control more than 51% of the total computation power and also there can be security risks outside of the control of the Bitcoin protocol.
COINBASE:BTCUSDLong
by BADQOMOCAWGOWLD
1
#Bitcoin - thoughts out loud #16!!! IT IS IMPORTANT TO READ THE DESCRIPTION !!! Good afternoon , dear colleagues! I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument. On this time frame, you need to pay attention to the development of events. The graphical situation is as follows: If professional operators are not interested in further markup of the asset from the range of 23000 - 23200 , then I expect a drop to 19000 . We are watching the development of events on the 15m. Otherwise, it's a long-only mood. Thank you all for your attention, I wish you success, and remember: Sometimes you win /sometimes you learn . #Bitcoin
by WVitalievich
4
#Bitcoin - thoughts out loud #15!!! IT IS IMPORTANT TO READ THE DESCRIPTION !!! Good afternoon , dear colleagues! I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument. I am continuing the deal open on the previous idea. There is a buyer present, everything is going according to plan. I expect an impulsive movement, by Monday, March 06, 2023 , I expect bitcoin at 25800 . Thank you all for your attention, I wish you success, and remember: Sometimes you win /sometimes you learn . #Bitcoin
Long
by WVitalievich
5
$BTCUSD BitcoinBitcoin (BTC) price has increased today. The price of Bitcoin (BTC) is $23,693.95 today with a 24-hour trading volume of $29,607,630,597. This represents a 1.30% price increase in the last 24 hours and a -3.00% price decline in the past 7 days. With a circulating supply of 19 Million BTC, Bitcoin is valued at a market cap of $457,812,511,932. What is Bitcoin? Bitcoin is a cryptocurrency launched in January 2009 with the first genesis block mined on 9th January 2009. It is a decentralized digital currency that is based on cryptography. As such, it can operate without the need of a central authority like a central bank or a company. It is unlike government-issued or fiat currencies such as US Dollars or Euro in which they are controlled by the country’s central bank. The decentralized nature allows it to operate on a peer-to-peer network whereby users are able to send funds to each other without going through intermediaries. For more information on Bitcoin, do read CoinGecko's How to Bitcoin book. Who created Bitcoin? The creator is an unknown individual or group that goes by the name Satoshi Nakamoto with the idea of an electronic peer-to-peer cash system as it is written in a whitepaper. Until today, the true identity of Satoshi Nakamoto has not been verified though there has been speculation and rumor as to who Satoshi might be. How does Bitcoin work? While the general public perceives Bitcoin as some kind of physical looking coin, it is actually far from that. Under the hood, it is actually a distributed accounting ledger that is stored in a form of a chain of blocks, hence the name blockchain. In a centralized system like the ones operated by a commercial bank, given a situation where Alice wants to transact with Bob, the bank is the only entity that holds the ledger that describes how much balance Alice and Bob has. As the bank maintains the ledger, they will do the verification as to whether Alice has enough funds to send to Bob. Finally when the transaction successfully takes place, the Bank will deduct Alice’s account and credit Bob’s account with the latest amount. Bitcoin conversely works in a decentralized manner. Since there is no central figure like a bank to verify the transactions and maintain the ledger, a copy of the ledger is distributed across Bitcoin nodes. A node is a piece of software that anybody can download and run to participate in the network. With that, everybody has a copy of how much balance Alice and Bob has, and there will be no dispute of fund balance. Now, if Alice were to transact with Bob using bitcoin. Alice will have to broadcast her transaction to the network that she intends to send $1 to Bob in equivalent amount of bitcoin. How would the system be able to determine that she has enough bitcoin to execute the transaction and also to ensure she does not double spend that same amount. Here is where mining takes place. A Bitcoin miner will use his or her computer rigs to validate Alice’s transaction to be added into the ledger. In order to stop a miner from adding any arbitrary transactions, they will need to solve a complex puzzle. Only if the miner is able to solve the puzzle (called the Proof of Work), which happens at random, then he or she is able to add the transactions into the ledger and the record is final. Since running these computer rigs cost money due to capital expenditure for buying the rigs and the cost of electricity, miners are rewarded with new supply of bitcoins that is part of its monetary system and some amount of fees paid by the person who wishes to transact (in this case it is Alice). This makes the Bitcoin ledger resilient against fraud in a trustless manner. While it is resilient, there are still some risks associated with the system such as the 51% attack where by miners control more than 51% of the total computation power and also there can be security risks outside of the control of the Bitcoin protocol.
Long
by BADQOMOCAWGOWLD
1
$BTCUSDTBitcoin (BTC) price has increased today. The price of Bitcoin (BTC) is $23,682.53 today with a 24-hour trading volume of $29,126,506,860. This represents a 1.20% price increase in the last 24 hours and a -3.00% price decline in the past 7 days. With a circulating supply of 19 Million BTC, Bitcoin is valued at a market cap of $456,943,471,673. What is Bitcoin? Bitcoin is a cryptocurrency launched in January 2009 with the first genesis block mined on 9th January 2009. It is a decentralized digital currency that is based on cryptography. As such, it can operate without the need of a central authority like a central bank or a company. It is unlike government-issued or fiat currencies such as US Dollars or Euro in which they are controlled by the country’s central bank. The decentralized nature allows it to operate on a peer-to-peer network whereby users are able to send funds to each other without going through intermediaries. For more information on Bitcoin, do read CoinGecko's How to Bitcoin book. Who created Bitcoin? The creator is an unknown individual or group that goes by the name Satoshi Nakamoto with the idea of an electronic peer-to-peer cash system as it is written in a whitepaper. Until today, the true identity of Satoshi Nakamoto has not been verified though there has been speculation and rumor as to who Satoshi might be. How does Bitcoin work? While the general public perceives Bitcoin as some kind of physical looking coin, it is actually far from that. Under the hood, it is actually a distributed accounting ledger that is stored in a form of a chain of blocks, hence the name blockchain. In a centralized system like the ones operated by a commercial bank, given a situation where Alice wants to transact with Bob, the bank is the only entity that holds the ledger that describes how much balance Alice and Bob has. As the bank maintains the ledger, they will do the verification as to whether Alice has enough funds to send to Bob. Finally when the transaction successfully takes place, the Bank will deduct Alice’s account and credit Bob’s account with the latest amount. Bitcoin conversely works in a decentralized manner. Since there is no central figure like a bank to verify the transactions and maintain the ledger, a copy of the ledger is distributed across Bitcoin nodes. A node is a piece of software that anybody can download and run to participate in the network. With that, everybody has a copy of how much balance Alice and Bob has, and there will be no dispute of fund balance. Now, if Alice were to transact with Bob using bitcoin. Alice will have to broadcast her transaction to the network that she intends to send $1 to Bob in equivalent amount of bitcoin. How would the system be able to determine that she has enough bitcoin to execute the transaction and also to ensure she does not double spend that same amount. Here is where mining takes place. A Bitcoin miner will use his or her computer rigs to validate Alice’s transaction to be added into the ledger. In order to stop a miner from adding any arbitrary transactions, they will need to solve a complex puzzle. Only if the miner is able to solve the puzzle (called the Proof of Work), which happens at random, then he or she is able to add the transactions into the ledger and the record is final. Since running these computer rigs cost money due to capital expenditure for buying the rigs and the cost of electricity, miners are rewarded with new supply of bitcoins that is part of its monetary system and some amount of fees paid by the person who wishes to transact (in this case it is Alice). This makes the Bitcoin ledger resilient against fraud in a trustless manner. While it is resilient, there are still some risks associated with the system such as the 51% attack where by miners control more than 51% of the total computation power and also there can be security risks outside of the control of the Bitcoin protocol.
Short
by BADQOMOCAWGOWLD
2
#Bitcoin - thoughts out loud #14!!! IT IS IMPORTANT TO READ THE DESCRIPTION !!! Good afternoon , dear colleagues! I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument. The current situation suggests that the asset may rise in price over the next week. For further gains to occur, professional operators and other market participants should keep the price above 22722 with possible false breakouts. After this formation, we will have all the doors open for further upward movement. Otherwise, we will see a decline to the next support price, where there will be demand at favorable levels. Stay tuned for an update of the idea, there will be a continuation of the idea. Thank you all for your attention, I wish you success, and remember: Sometimes you win/ sometimes you learn. #Bitcoin P.S. Consider the previous idea and search for an entry point.
Long
by WVitalievich
2
Bitcoin Free Fall Starting Mid MarchMultiple negative divergences are seen here on daily. -Ascending Wedge -Broadening ascending wedge -MACD Negative Divergence -Money Flow Negative Divergence I have a downside initial target at 17.5K -- I have to see from there where the market goes. If inflation is not under control by May / June, and the terminal rate nears 6-7 percent, Bitcoin will go into full-blown capitulation. Be careful if you are a long-term investor. I would sell everything at 25-26 on the next rally.
COINBASE:BTCUSDShort
by JonGalt_
1
Bitcoin Bottoms and Tops ( Future Price Movement)Hi Guys , i was interested to Bitcoin where the Tops and Bottom are,or why was the top at 19k in dec 2017 and not 30k or 40k well i analysed the chart a bit and im also surprised how it developed since the start. OK lets GO and i tell you what i found here in the Charts. First the Chart is in log scale. Yellow lines are the halving events. In the first cycle i looked into the date range oct 11 to january 13, it looks like Bitcoin settled up first nicely a uptrend (Green Trendline), no huge pumps and slowly rising. Finally after halving, it took some months to Massive Price movements for Bitcoin. Well now we come to the interesting PART The second and third cycle looks also similar, after breaking every Supportline(RED arrows) if it comes down from ATH we builded up the Bottom for Bitcoin, the range how much bitcoin takes to bottom out is different.(mostly 10-14 months) and started to build up a new uptrend with supportline, slowly till halving event. When the halvings finally happened it took generally some month to start massive Pumps. It looks like halving events are the real catalyst for massive Price Pumps and leading to new ATHs. NOW, when we look ,where are the Tops and Bottom for Bitcoin ? we have to look into second cycle, we can see that the green trendline from the the first cycle acted in the second cycle the ATH top in dec 2017. when we came down to the uptrend line in the second cycle , we broke it, formed bottom, but rallied here to the previous support line from the second cycle which was the local TOP and acted here as RESISSTANCE. maybe coincidence? well lets have a look into the third cycle. we broke the uptrendline from the second cycle. spent some time here at same levels but suddenly we pumped here again but the local top was again the previous trendline from the second cycle. it acted here clearly as ressistance and we dumped till the halving event. After this the real Pump occured on Bitcoin which was lead to over 60k. But why we stopped at 60k? well again the previous uptrend line from the second line acted here as ressistance. The fourth cycle which we are in now , i think we formed the bottom. because the date range compared to previous cycles are similar 10-14 months.The next step is now the possible scenarios that i will write down. What i think about Bitcoin is that, we cant really know how much Bitcoin can go down after we breakdown the trendline, but it looks like we formed now finally the bottom. Possible scenarios: 1. Bitcoin pumping to the Third Cycle Uptrendline which will act as ressistance again and dumping till halving to form the new uptrend line. After Halving we see the real Pumps. Price target here would be : 60-75k, then we dump till halving, we rise after halving slowly and building up the new uptrend line and pump again to the previous Trendline from the third cycle which would be Pricetargets over 200k+ 2. we rising slowly and building up now the new uptrend line till halving and then seeing Massive price movements above 200k. Maybe this Idea answers you why we stopped at excactly 19k and 64k and not on different prices. NFA
BITSTAMP:BTCUSDLong
by halildemir9518
4
#Bitcoin - thoughts out loud #13!!! IT IS IMPORTANT TO READ THE DESCRIPTION !!! Good afternoon, dear colleagues! I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument. The previous goals were achieved, but under a different scenario. After the asset has been depreciated, we see a surge in volumes at the culmination of sales, followed by a false breakout of the level and the strength of the buyer. There is a setup that can be used to work with, I open a long and support the trade. Thank you all for your attention, I wish you success, and remember: Sometimes you win /sometimes you learn . #Bitcoin
Long
by WVitalievich
6
Bitcoin Consolidating to go Lower AGAINBitcoin/1H Doing another Pennant We are also in a down trend channel that I draw which everytime it reaches the end of the channel it makes a move. Worth noticing when SPX was consolidating btc went to 25K now that spx started to move down btc coming down with it. We could perform a fake pump and grab some liquidity before further downside.bearish momentun is just starting and we yet have to see bigger red candles ~13% Please Follow,Comment,Boost if you find it informative. Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
BTCUSD ( High Probability BUY Setup SOON )* Here we can see clearly from our analysis if BTCUSD don't break our support trend line, we're going to be looking for BUY Setups in coming days & weeks, * If we see a down trend & it breaks our support trend line, we believe it's going to be forming Inverse Head & Shoulder Reversal Pattern ( VvV ) before the big BULL run for BTCUSD this Summer, * As for us we won't be looking to SELL BTCUSD this coming days or weeks, instead we'll be waiting for the BULL run on our favourite Crypto Currency to trade, * We're using H4 time frame for a clearer view of our analysis, hence we can't predict the duration of our analysis to occur on the charts, * Keep a close eye on Crypto Currency King, * Happy pip hunting traders, * FX KILLA.
COINBASE:BTCUSDLong
by FX-PIPHUNTER
4
#Bitcoin - thoughts out loud #11.Good afternoon , dear colleagues! I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument. Over the weekend, I expect the cryptocurrency market to form a trading range and move into a phase of redistribution or re-accumulation. The formation is not ready for this period of time, I need confirmation. What are your thoughts on this asset? Thank you all for your attention, I wish you success, and remember: Sometimes you win /sometimes you learn .
by WVitalievich
#Bitcoin - thoughts out loud #12Good afternoon , dear colleagues! I want to continue my opinion and vision of the current situation on the cryptocurrency market on the example of this instrument. And in continuation... In this phase of the market, we have upthrust, which may indicate that we are witnessing a distribution, but there is no confirmation at this time. I expect the price to be in the range of 25300 - 25600 , after which the market will settle everything. Thank you all for your attention, I wish you success, and remember: Sometimes you win /sometimes you learn.
by WVitalievich
6
Bitcoin Catastrophic Move On FOMC DayBTC/1H forming a parallel downwards channel After 3rd touch at 25.2 and jebating everyone with that Ascending Triangle. bitcoin invalidated the triangle and started bleed down slowly to ~24K showing Bears are comin into the market again and bulls are running out of fuel. Please Boost,Comment,Follow if you find this video informative!Really motivates me to do more. There are some buy pressure still which I think bulls can try to push the price back to 24.8 for the last time before a catastrophic move to the downside ~22.4 or even a capitulation candle to 21.1 Detailed explanation with lot more to covered on video Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk
3