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Cashistrash

BTCUSD BULLISH? CEILING TO THE FLOORWith the pump on the news of Elon Musk confirming purchases of Tesla vehicles in the USA can now be purchased with Bitcoin, we have now just seen as I would say. A correction to the mean, but from here looking at the 30min timeframe im predicting that if we hold the previous high support which it looks like it has some strength, we should push back towards the upside, now we're looking for volume confirmation. Failing the breakout towards the upside we could see lows to retest the strong resistance point we have seen as recently as yesterday at a price of around $53,600. For now I remain BULLISH open trade at $54,650 on the breakout of the last W pattern we saw.
COINBASE:BTCUSDLong
by TradingCheww
YOU ARE HERE - Bitcoin Bull Cycles We exchange our time (finite) for cash (infinite). We store our time (finite) in cash (infinite) for accumulation and later use – store of value. Monetary technology systems change – from food, animals, precious metals, to promises then paper. Money printed faster than the trees it grows from . The best performing fiat currency is the British Pound which over it’s 317 years of life has lost 99.5% of it’s value . The dollar in your pocket worthless than it did last year. Cash (infinite) as a store and measurement of value is not accurate – like a bent ruler. Cash is man-based currency. Man is greedy, man is short sighted, man make mistakes, man lie. Bitcoin is math-based currency. Math is nature, math is reality, math is accurate, math does not lie, math the language of God. Bitcoin’s scarcity is the greatest monetary breakthrough never before - and never again - achievable by mankind. Bitcoin is a one time, path dependant invention that dematerialises gold – it can move faster and easier, hide anywhere but cannot lie. Of the total 21,000,000 approx. 20% are lost forever = 16,800,000 - supply. Of the circulating supply, 78% is not for sale and increasing – demand. If you own 0.0224BTC you are in the 1% club – of the world. $4.8 million per BTC = approx. $150 trillion market cap. Cash is a bent ruler, but USA military expenditure in 2019 = $1.9 trillion. Once we surpass 50k we may only see it once more. Yes this dip will be a blip.
BITSTAMP:BTCUSDLong
by ZooperDooper
6
BTO: Oversold short term. Speculative $6.50 to $7.50 in 8 daysBased on past oversold on the 1 hour chart, we can expect a correction to favour the bulls until the past resistance/support at the mid 7.50s CAD. That's generally a 11-13% gain in 7 to 8 days. All these gold miners are going to get a lot of attention in 2021 with gold about to likely take another bull run. After all, all asset classes are going up so gold, although it has lost its luster to firecracker crypto, is a unloved short term asset until it rotates to shine again. Speculative, short term long. On the medium and long term, bulls have to prove themselves. The bears have ruled in 2021.
TSX:BTOLong
by UnknownUnicorn2413721