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Btcusdidea

BTC/USD On average, every four years (after 210,000 blocks in the China blockchain), the production of new bitcoins abruptly halves, or more precisely, the reward given to miners for adding a block to the China block is halved. Hawing has been placed in the network code by Satoshi Nakamoto, the anonymous creator of Bitcoin, with the aim of controlling bitcoin inflation.Since the Hawing event actually halves the supply rate of new bitcoins, the experts believe that this event will have a significant impact on the price of bitcoins and can increase the value of bitcoins over time.What is the philosophy of the Hawing event?You may be wondering why it was necessary to design this change in the Miners' Rewards and why the reward rates for the Miners should not be kept constant. Will this event not end to the detriment of the miners?The answer to this question lies in the law of supply and demandIf new bitcoins are generated quickly, or the number of bitcoins that can be produced is infinite, the high number of bitcoins in circulation will gradually devalue them."The main reason for doing this is to control inflation. One of the biggest mistakes of traditional Fiat currencies, which are controlled by central banks, is that they can print as much money as they want, and if they print too much, the value of government currency will rapidly decline under the law of supply and demand.Unlike conventional currencies, bitcoin is designed to act like a valuable commodity, like gold. The amount of gold in the world is limited and with the extraction of each gram of it, the extraction of the remaining gold becomes more difficult than before.It is because of this limited supply that gold has been able to establish itself as a medium of exchange and value storage over the past 6,000 years. "We hope Bitcoin can do the same." Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
BITSTAMP:BTCUSDLong
by detxcapital
1
BTC - Weekly timeIn the weekly timeframe , after the start of a great trend, we gradually saw the size of candlesticks become smaller and also the volume of transactions decreased, which was the first sign to start bitcoin correction. The Doji Candle closed last week after reaching the $ 50,000 channel, which could be another sign of correction. The Ichimoku Cloud Tenkan sen line is flat, which can be considered as another sign to end the uptrend. The peaks of Ichimoku cloud are descending, which is another sign of the beginning of a correction in the market In the Williams Indicator, we have reached the buying saturation zone, which will be another sign of market correction, Which can be expected to go down the -40 line In the time frame of 4 hours, with each ascending wave, we saw that wave shorter than the previous wave until the rsi indicator gave a negative divergence. Currently, support for the Ichimoku Cloud Kijun sen line at 46,800 has prevented further price correction Also, by drawing a corrective Fibonacci, if a correction occurs, the price can drop to 0.5 Fibonacci, which ranges from $ 40 ,000 to $ 41,000. It seems that Kijun sen Ichimoku will soon lose support and the Candle will move to Tenkan sen . In that area, we see very credible support points, such as: Tenkan sen 20-day average Ichimoku cloud roof District 0.5 Fibonacci &... The general trend is still bullish , and if the above scenario happens, we will only see a correction in the market, not a FALL. These are all hypotheses and should not be your criteria for doing business At any moment, the market may be pumped with great news or it may lose all its support with bad news Deal with your own strategy Good luck
by javid67
3
BTC is unstable and might DIP soonBitcoin has been moving in an upward trend for some time now and looks like it has completed 5 waves already. We should start seeing some form of correction now. So Bitcoin will retest and 48K -50K zone and might get rejected again, pushing Bitcoin further down and potentially breaking the lower part of the channel and continue down further. Also MACD is showing weakness in the trend. On FIb level, it can potentially move anywhere between 0.382 to 0.618 as marked on the chart. In couple of days we will have clear picture of where BTC is heading. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks. Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
Short
by Manjyot
BTC bounce levels ? From where you can think of long positions Hi, first and most imp advice is wait for market to settle down a lil bit don't force trades.If you are holders then buy at every bounce levels , Buy in parts. But if you are future traders your concern should not be that market prices are higher or lowers you should wait for proper entry Here I pointed on some of the strong bounce levels of BTC 47 levels becomes weak as it was most hitted by BTC , Yesterday pump was not a actual strong pump as BTC volume was on the lower side it was just the manipulation of the market just future traders and scalper can take advantage of that situation Now before taking entries you to watch for how this strong support reacts, I am mentioning a diff bounce levels from where you can think of long by looking at the volume inflow and reaction at support 1st level is 46600 2nd level is 45500 3rd level is 44100 From these levels BTC can bounce back most probably we will visit 45 Comment below what you think
BITSTAMP:BTCUSDLong
by ProfessorMH
4