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Could Bitcoin hit 53k before going higher?Currently Bitcoin has stopped at the 60k support but isn't looking all that great. This is the 3rd attempt to break out completely, but each time it has failed miserably. The ATH was right at the R3 weekly and the support was right at the old resistance. Slightly lower we have a key diagonal coming from the 29k bottom + horizontal + weekly P + CME gap at 59k + Volume profile PoC, then the 50 DMA + Monthly P are at 55-56k and finally 53k which is important in my opinion for several reasons. First of all we have this interesting fractal from the previous large drop from 62k down to 50.5k. Very similar situation and it could repeat. Then we have old support that broke just for a brief period and then quickly reclaimed and led to a decent move up along with the weekly S3 (for now). I also believe it is a great place for a trap right below the 50 DMA + Monthly P to scare people because the 50 DMA hasn't really been broken to make people think the bull might be over. The fact that it held twice so perfectly is not a bullish sign but bearish until we get a shakeout. Finally the last reason is that there is a CME gap right at 54.5k. Long are super high all across the board, no matter where you look at (Bitfinex, Binance or OKex). Funding is quite high and premiums on futures are dropping but in weird and rapid way which might be a signal that somebody knows something. Now add to the mix that we are 2 days after the Coinbase IPO (not much more money to flow into crypto from there) and that Alts have rallied about 70-100% since March 25th without a large correction. We've also had 3.5 months of alt season which usually is enough for the show to be over + Bitcoin is overbought and diverging. Now having said all that before I see it go to 53k I wouldn't call for a bear market or anything like it. For now I see no major risks in terms of bonds, the USD or stocks, although at some point relatively soon I'd expect a correction in stocks as they are back at ATHs and rallying hard. Now in regards to crypto as a whole, it probably is time for a correction. We've moved up hard and we've seen tons of crazy moves over the last few days. We've seen things rally for almost 2-3 weeks and that's usually enough for a decent pullback. Of course after that I believe we are going higher and that this year we could see the total Market cap get to 10-20T by the end of the year. So a 20-25% pullback in alts and 15% pullback in BTC wouldn't be anything crazy and just a healthy washout before we move higher. In term of a bear market I see nothing that screams bear and although it isn't impossible I can't and don't want to call anything long term bearish at the moment. By the way I did talk about this correction on BTC briefly on my social media but because it was pretty late for me I had to just resort to those mediums and not Tradingview. Even here I try share as much as possible but sometimes my trading or other stuff get in the way. coinalyze.net s3.tradingview.com s3.tradingview.com
BITSTAMP:BTCUSD
by BitcoinMacro
2
Ethereum Classic's Fork LiftEthereum Classic (ETC) has had a great start to 2021 with the price rising 600% YTD. The hash rate of the ETC network has been rising steadily since the three year low as seen in early September last year. The Price has followed suit from the off in 2021. This has resulted in making the network more attractive to miners which in turn increases the security of the project. We went long on 07 February and are +373% in a little over two months. Ethereum Classic is a global, open-source blockchain platform for decentralized applications (DAPPS), powered by smart contracts and has its own native digital currency ie. ETC. Ethereum Classic is actually the original legacy chain of the Ethereum network. It emerged after a contentious hard fork on the Ethereum blockchain in July 2016 after a disagreement over reverting the blockchain to reverse a hacking. The hacking involved DAO or the decentralized autonomous organization, which had raised $150 million in an initial coin offering months earlier. Whereas ETC did not revert the chain, ETH followed another course. Both the coins support smart contracts, but ETH has taken a performance-based path in its 2.0 rollout as it moves to a Proof of Stake model. Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions. Greyscale Investments, established by Digital Currency Group in 2013 have created 14 Digial Asset Trusts including one for Ethereum Classic. The ETC trust is now the third largest digital asset trust on Greyscale's books: tokenview.com Ethereum Classic has a circulating supply of 130 Million ETC coins and a max supply of 211 Million. Binance is currently most active market trading it. We spotted an opportunity in early February as a result of the rising hash rate which had been in evidence over the previous months and with the price having retraced 420% from its all time high, we decided to take the plunge. Today we see a 18% pullback in the price from its all time high set just 14 hours ago. After the recent rally, this pullback may see a few sniffer dogs arrive on the scene. Will you be one of them?
KRAKEN:ETCUSDLong
by rzinho
3
The craziest price prediction of BTC in 2030.This is just my personal idea and price speculation for Bitcoin and digital currencies. In my opinion the mass adoption has began recently in many industries which will convince the whole world and the universe to shift to crypto currencies any time soon. perhaps you might have asked this questions that how much would be a Bitcoin around 2030 when the mass adoption completely happens? here we go. I believe that the total market cap by 2030 will be 10000X which is not really bad hehe, imagine if only %50 of the population, the companies, the agencies and the financial institutions use digital assets for their daily transactions as well as investment so they put their money in to this industry. believe it or not we are just at the beginning of this paradigm shift. in my view, due to the limited circulation supply of Bitcoin which is almost over and also the enormous demand, each Bitcoin might be around $500000000 or 500 Million dollars in 2030-2040. this is just my price prediction for the next 10-20 years. please leave your comments bellow to talk more about this amazing investment opportunity in our century or at least in this decade. Thank you for your time and support.
BITSTAMP:BTCUSDLong
by taktip
11
Best Bitcoin Trading Ideas!!Bitcoin is back at highs, with a minor retracement as we anticipated. From here it could go either way. If we see a burst of momentum, we could easily breakout to the $60K's. We could also range at this point, or retrace further, forming a broader bull wedge consolidation pattern. Either way, there is no denying Bitcoin is gearing up for the $60K's, its just a matter of when. We could see a dip to $54.3K, or even $52.8K. The Kovach OBV is strong but has sloped off slightly
BITSTAMP:BTCUSDLong
by quantguy
$EGLD - Elrond is moving like AAVE +90%When I made my post of the original setup I said how it is fundamentally a strong project with a well respected team behind it, but damn I didn't expect this. I can't lie I took all my profits at the 2.0, at $91 which I'm happy about as was still a big 40% profit. Maybe now in this environment if a coin is fundamentally really bullish, like 1inch was, we keep 20-30% of the initial trade running as a bit of an investment and cash this out when it does it's next leg or two up, if it does that is. Wandering where this will go now? Theres not really anything to fib off here, so maybe psychological $150? A retrace to $101 or $91 does look likely to me in the near future...
by InvestmentsHub
BTC on its resistance areaBTC is on its resistance area. As long as the candle sticks are above the line A and has not break the line A to the right of it, two targets for bitcoin will be reachable. first possible reaction zone and also target is 40000 and second possible reaction zone is 47500. If line A breaks, targets may fail and the chart will need reanalysis. Note: If the RSI line remains under the value 50 it may probably breaks the line A but if it comes up above the 50 price will moves up toward 47000.
B
by Trade_n92
Eco/monetary news n°27: The FUD is more than just FUD> After 3 months of election fraud suspicions/allegations Myanmar military arrested the state leader & president *********************** 2021 off to a good start. Unsurprisingly it has begun. After winning the general elections with 80% of the votes (not counting the fixed 25% the military get) the heads of the ruling party, state leader and president were removed by the military which claims the evidence of fraud got too big to ignore. A general is now state leader, and the VP is now president, for 1 year until new elections happen. Of course, all the usual 🤡 have blindly jumped to their press rooms and their keyboards to "condemn the coup" and we have not heard the side of the burmese military. It's bad when the unelected military have political power, but it's great when social networks and the media have UNLIMITED POOOOOWEEEER! Joe Biden has done what you'd expect, threats of sanctions, but China might have its own word to say, especially now that east asia (1/3 of the world) are in the process of switching to their own economic area, something that is huge but has gone under the radar of the western media (with their own digital currency which was never going to be Bitcoin lmao at those that thought otherwise). This obviously adds to the paranoia of the western ruling class which is being threatened in Europe, and poo'ed their pants in the US when the capitol was stormed. A contested election that ends up in arrests? An estimated 80% of the US military supports Trump? They are getting nervous. > Defund the police: US White House panicking and more resolved than ever to turn the US into a police state 😆 *********************** Part of the reasons the WH is panicking is what I wrote in the previous point: populism, elections contest, a very real CH raid (irrational people become fully aware of something when it happens, when they physically see it happen they really start caring), and now a very real coup in Myanmar. Antifa & BLM have been rioting, they ignored it to win an election but they know it and they want to fight it. They also are afraid of civilian Trump supporters. So yeah, they are really turning the country in a police state. I crack up each time I see a braindead tv guy say that "Now that Trump is gone we are returning to normal" with shinny eyes and a big smile on his face. "Back to normal", where did I hear that before? Boy this is just the start. Textbook complacency and denial. > Top epidemiologists publish covid papers that make EU bureaucrats look stupid & France far-right would win 😏 *********************** The EU, and the EU representatives are being shaken. The french president, which is the least smart one since at least 1950 (I don't know the previous ones), is started to rage and panic, he called the France "a country of 66 million prosecutors" and whined that it was normal to make mistakes "we all make them every single day". Really? Every day? How bad are you? Calamity Joe. Even the mainstream parties and media are starting to ask questions, here is an article about the Swedish health agency asking clarity on what it is paying for: www.reuters.com   Here is a paper by Ioannidis, the world nb 1 epidemiologist (203 h-index), showing that lockdowns were very likely to be useless (and even favor the spread of the virus), as I predicted 9 months ago I may add: www.medrxiv.org He recently wrote "Congratulations on your editorial highlighting the depressing levels of “corruption” taking place in the name of “beating the pandemic”. Scrutiny certainly deserves to be directed towards conflicts of interest within members of SAGE and scientific/medical advisors..." Link to the full thing: www.bmj.com Things are looking grim for the liberal bourgeois globalist "elite". Times are changing. Ah back in 2002 the France major far right party got to the presidential 2nd turn and average people voted in mass to "be a barrier to radical extremism", in 2017 they were in the 2nd turn again and got 33% votes, and now a poll showed they had 50% vote intentions. People showing their discontent, I'm not sure they read the program of the Rassemblement National, cutting a hand for stealing an apple man this is harsh, ok I exaggerate but barely. And even with 1/5 of the votes they only get a handful of parliamentary seats, so I guess the first female president could only rule as a dictator? What an opposition, during a recent liberty-restriction vote in France here was the opposition (there are 577 deputies): Les républicains (centre-right in Europe, left of US democrats): 15/105 Socialistes (they need no introduction): 5/29 La France insoumise (radical left "rebels"): 5/17 - Where did they go? They talk a lot, and then? They had swimming pool? (French people will understand) Rassemblement National (far right): 0/6 - They are loving it, they would take harsher measures if they could, and the french would vote for this "opposition" 🤦‍♂️ In France the whole executive branch of the government is elected by the president, so this vote is important, the president is the head of state and face of the country, the Prime Minister is I guess the most powerful politician, technically he is 2nd after the president since the president can sack him and change him but he's the one that runs the country, an unelected guy that kissed enough bums to get nominated, and has no plan (seriously, past PMs got interviewed years later and they went "no idea how I ended up here, I had no plan no idea what to do I just followed"). I know this is a little long, but hey during the "covid emergency" the executive in France and Europe has completely bypassed the legislators (congress), soooo... If the far right gets nominated, even without any legislative power... If 60k deaths is enough for an emergency, they'll find something. I want to congratulate all the high IQ liberals that set a precedent to enable the next Hitlers to become dictators without even trying. Great job. I'm actually genuinely impressed. > Davos New World Order chat: Putin & Xi Jinping warn elites will lead to war that will "end our civilization" 💥 *********************** The chat with the "common folk" has been postponed to June, but the usual head of states / governments chats have taken place. Just going to link the articles. 1- The Putin article "The crackdown on civil liberties by the elites will lead to a terrible war", with a link to a video of him speaking via CNBC: newspunch.com 2- Winnie the Pooh sperging something about a cold war: www.hindustantimes.com 3- They spoke of global taxation of tech giants at Davos, and Germany says they spoke to Yellen which seems to agree! About time the US paid its fair share to Europe. Damn I am shaking while I am writing this. They have been scamming the world for too long. I do not support "eat the rich" UNLESS it's tech giants. F*** them. YEEEEEEEEEESSSSSSSSSSSSSS!!!!!!!!!!!!!!!!! altnewscoin.com > BIS says banks representing 1/5 of the world population will release a Digital Currency in the next 3 years *********************** You know Bitcoin maximalist logic: => Since this is happening, it means digital currencies are getting adopted. This is good for Bitcoin. => If they would not be doing this, Bitcoin has a monopoly on the DC market. This is good for Bitcoin. www.finextra.com Also, "A recent survey indicates that 86% of central banks are conducting research or development in the area of CBDC". The most recent speech they uploaded: www.bis.org A little quote for fun: "Above all, investors must be cognisant that Bitcoin may well break down altogether. Bitcoin needs a hugely energy-intensive protocol, called “proof of work”, to safely process transactions. Currently, so-called miners sustain the system’s security, and are rewarded with newly minted coins. A sad side effect is that the system uses more electricity than all of Switzerland. In the future, as Bitcoin approaches its maximum supply of 21 million coins, the “seigniorage” to miners will decline. As a result, wait times will increase..." > IMF warns of risks (zzz): IMF finds new words: warns of ‘exceptional uncertainty’ in vaccine-driven recovery 😁 *********************** The IMF raises their GDP growth predictions and will increase them even more if the US approves of a 2 trillion relief package, wow this sounds like great news! Why don't we print infinite money? Infinite growth! "GDP is up 8000% this year after we printed 10000% of our MZM and spent it randomly on troll projects" wow so much progress! 🧠 financialpost.com Oh and they "warn of risks", that's not even funny anymore. Maybe the US economy grows by 20%, and my short position on the USD also grows by 20%?
by MrRenev
2