Bitusd
Bitcoin USD Complete Detailed Analysis w/ 2 Month ViewJust another Greed-based Run-up that will cause a Massive Dead-Fall Drop almost Straight Down, just like the previous 3 before this ruthless run-up!
We have officially Left the Trend-Line Reduction Zone and the New Trend-Line is at $9,659.019 and we are trending up with a total Trend-Line loss of $1,470.00
At the Current Trend-Line Rate of $9,659.019 plus a Trend-Line Increase Rate of $160.14 per day, Bitcoin will be worth nearly $65,000.00 in 365 days...
Bitcoin was moving down through a Trend-line Reduction Zone over the last six days at a rate of $1,148.33 Per day and as it did it established a new Trend-line at $9,659.01, which caused a Trend-line loss of $1,470.00 (Bitcoin's Actual Worth)... As the CryptoCurrency dropped it also continued to progress up the Main June Trend-line at a daily increase rate of $160.14 Per day, which now continues upward on the new Trend-line... The Bitcoin Currency may or may not return to the previous June Trend-line, yet either way, the Trend-line is still moving up at the same daily rate as before the Reduction and it remains unaffected by day trading activity... When Bitcoin Peaked at $13,849.00 on June 26th, it was an ambitious attempt to recapture the Previous Trend-line from May that experienced a $3,000.00 dollar loss after a Trend-line Reduction that dropped from approximately $9,000.00 down to $6,000.00, which started the June Trend-line that is currently moving up at an expansion rate of $160.14 per day... Late day trading brought on a rally that topped out at $10.916.82, which further established its new ceiling above the baseline of $9,659.019 and that offer lots of room for substantial day trade opportunity to profit over the next few weeks as it climbs back up toward it new high of $13,849.00... At the current Trend-Line of $9,659.019 plus the daily increase of $160.14, Bitcoin will be worth nearly $65,000 in the next 365 days and nearly $195,000.00 by the end of the next 3 Years and likewise the Trend-Line is likely to jump up several times with further institutional investments (Like Retirement Funding for Teachers)...
Another Greed-Based Run-up ending in a Massive Dead-Fall Drop!Just another Greed-based Run-up that will cause a Massive Dead-Fall Drop, almost Straight Down just like the 3 previous!
They're not even letting it go through the natural pullbacks, they're just pumping it up so they can screw everyone at the top when they dump it in a mad sell-off to the bottom, which will regretfully cause another Trend-line Reduction Zone for another week of lost time... ... ... ...
We have officially Left the Trend-Line Reduction Zone and the New Trend-Line is at $9,659.019 and we are trending up with a total Trend-Line loss of $1,470.00
At the Current Trend-Line Rate of $9,659.019 plus a Trend-Line Increase Rate of $160.14 per day, Bitcoin will be worth nearly $65,000.00 in 365 days...
Bitcoin was moving down through a Trend-line Reduction Zone over the last six days at a rate of $1,148.33 Per day and as it did it established a new Trend-line at $9,659.01, which caused a Trend-line loss of $1,470.00 (Bitcoin's Actual Worth)... As the CryptoCurrency dropped it also continued to progress up the Main June Trend-line at a daily increase rate of $160.14 Per day, which now continues upward on the new Trend-line... The Bitcoin Currency may or may not return to the previous June Trend-line, yet either way, the Trend-line is still moving up at the same daily rate as before the Reduction and it remains unaffected by day trading activity... When Bitcoin Peaked at $13,849.00 on June 26th, it was an ambitious attempt to recapture the Previous Trend-line from May that experienced a $3,000.00 dollar loss after a Trend-line Reduction that dropped from approximately $9,000.00 down to $6,000.00, which started the June Trend-line that is currently moving up at an expansion rate of $160.14 per day... Late day trading brought on a rally that topped out at $10.916.82, which further established its new ceiling above the baseline of $9,659.019 and that offer lots of room for substantial day trade opportunity to profit over the next few weeks as it climbs back up toward it new high of $13,849.00... At the current Trend-Line of $9,659.019 plus the daily increase of $160.14, Bitcoin will be worth nearly $65,000 in the next 365 days and nearly $195,000.00 by the end of the next 3 Years and likewise the Trend-Line is likely to jump up several times with further institutional investments (Like Retirement Funding for Teachers)...
Bitcoin Bottom Soon?The long term trend of Bitcoin is still down.
I took a quick short trade when Lazy Trend System indicators were aligned. As usual, my risk is always 1% for short term trade. The trade was closed at 3% profits.
The price is currently approaching the support zone of around 3980. If the price rebounce, there could be a potential short to mid term upside. If the price broke this level, we may potential see further sell down on Bitcoin.
Stan Larimer in Critial Care, Hospitalized "While in the midst of his recent travels, Stan has suffered from a medical issue that has resulted in him being hospitalized. Further complications occurred, and he was transferred to a nearby facility that could address his condition appropriately."
"At this time, Stan is in critical care"
I belive it to be a stroke
Get better Stan.
Bitcoin Continues To Get Hammered - Next Support At 5K Bitcoin's price just broke under its 200 day moving average and broke under the established trend in 2017. Buy interest at 7500-8k was very minimal and sellers are still in control of this market. Price will likely find buyers at 5k, but I'm not sure if it will be enough to turn the tide. A lot of the hype behind crypto has settled down in the last 6 weeks and the buying enthusiasm just isn't there anymore. We could remain in a full blown crypto bear market for several months.
This an older trend- channel that price had respected before the run-up in 2017
Profit Taking in Bitcoin and AltcoinsBoth Bitcoin and the Altcoin Index have fallen substantially, indicating a somewhat rare flight to fiat. This is reflected by the Crypto Spread Indicator, which is hovering around parity, though tilting somewhat in the favour of Altcoins. Although we are seeing a brief technical relief rally in both, it might be wise to wait for more buying volume before entering a position in either, though we are currently at value levels identified in this newsletter for Bitcoin and many Altcoins.
Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here !
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Low to low Trend Lines increasing slope in timeEveryone is saying: "Look at the trends! Don't get stirred by emotions, it's all in the TRENDS, TRENDS TRENDS!". I think we all agree, we just disagree about the trends we should be looking at. Here are some of the trends I found. Hear me out and feel free to break it down and critique.
Take the 'my trend lines' the be the lines that go from lowest drop to lowest drop within a couple of month's frame, they can also be called 'low-to-low trendlines'. Since we cannot really trust the 'up-trend' (else called a bubble') I am here using the down-trend to see what people are valuing BIT to be in the minimum value scenario.
So, if you look at the changing low-to-low trendiness we see them increasing in time (from 1 to 5, and possibly 6). We have not yet seen this pattern go down, yet.
Many are speculating BTC to go down below 2K, if this turns out to be true than we can begin talking about 'downtrend' and dark times. However, until now the 'low-to-low' trendiness have been pointing upwards more and more, which makes sense if we think about the huge spike in demand. Therefore, following this trend, I would expect the new low to remain above the 3K.
One cannot just be looking at the graphs without an understanding of the laws of supply and demand! The graphs can't be going down just because it would look good on a chart. Look at the Trends, yes, but don't be fooled by those who claim to 'know' the trends.The graph is an abstraction in the end, and it only 'represents' the ups and downs connected to supply and demand , please don't forget that.
It is possible that we are in a downward ( bearish ) cycle, but this is not what the low-to-low trend lines are showing.
Please do share your thoughts and comments! They would be much appreciated. This is a thought, not even an opinion, so do go easy on me please. Also, do not base your trendes entirely on this thought alone, be careful and take it easy guys.