Bitcusdt
I was fool to want you!200 FK 0 0 0 $?look at the Bitcoin/usd chart that i have saved it since Jan-May 2021,
after completion to reach 60,000$ as longed 3rd wave,
I confess I was influenced by some bullshit rumors & well known ideas as 5th wave target
and to put it up to 150,000$ !
while I knew that was very improbable!!
Bitcoin - Unleash the bears!While I anticipate a fairly brief 'relief' rally, possibly up towards 44.6k, there can be little doubt that BTC looks set for yet further correction from it’s 2020 – 2021 charge
The weekly moving averages of significance (50 & 20 MA) crossed down on 14th March and if we take a look back at the historical data regarding these crosses it makes for break reading.
In 2014 they crossed and this saw the price fall by over 74% over a 154 day period before beginning to move back towards the upside.
In 2018 they crossed again and this saw the price fall by over 50% over a 175 day period before again returning to it’s upside move.
Early on in 202 there was a black swan event in the form on the COVID-19 crash which I will not count for this analysis.
Looking at this historic data I am expecting a 150 – 175 day period of sustained bearishness with lower highs and lower lows on a weekly basis. With a potential 46% price drop falling at least to 30-35k and possibly even somewhere between 22-25k.
A wick down to this area would also fill a much needed gap in the CME which has previously caused BTC to have it’s handbrake on when reaching for new highs.
Coincide this with the DXY, which has a confirmed negative correlation with BTC, looking unstoppable on it’s charge to 102 and the bitcoin bull support band falling through everything seems to align to this idea.
As always, please leave a like and let me know your thoughts.
BITCOIN short position ❌🧨Based on the chart, the price is close to trend line and resistance levels ✔️
and
we expect brief correction to the downside before more gain ❌🧨
if only
the price breaks the trend line here to the upside, we can see more gain for the price 🚀
other
significant resistances and supports are located on the chart ✔️
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
Bitcoin Critical Support and Time PeriodJust drawing lines on charts.
BTCUSD (Coinbase), Weekly
Looks like BTC is heading down to a critical support area around $35,500, coinciding with a breakout event in RSI by late October. If that area support holds, look for a reversal that needs to break out the upper trendline around $46.5k. IF we break through, then we need to break resistance around $52k and around $60k to try to find a new all-time high. Might make for some interesting times over the winter holidays.
Of course, we could always get an October surprise that sends us even further down past the lower trend line and into the $hitter.
Good times.
bittorent.BitTorrent’s original goal was to disrupt the legacy entertainment industry and how consumers obtain content.
Expensive and inefficient distribution networks were the main target, with original developer Bram Cohen seeing benefits in allowing internet users to distribute content among themselves directly.
Rank #52
Token
On 407,121 watchlists
BitTorrent Price (BTT)
$0.00285
6.33%
0.00000006815 BTC1.70%
0.000001156 ETH0.91%