Bitcoin Q4 2022 outlook: a potential 2019 fractal in play. The 61.8% fib from the December 2017 prior all-time-high to December 2018 low is where Bitcoin peaked by summer 2019: $13.9k. A potential play here is a similar rally to the 61.8% fib, from the current all-time-high of $69k to $17.6k, standing around the $50k psychological level.
DESPITE Low Time-frame oscillations bitcoin is globally affirming (again) its Daily DOWN-TREND. This week Rates will be HIKED by the FED again .... Act Accordingly Brace YOURSELF !!! Now 140,000 bitcoins are starting to be DUMPED on the Market from Lquidation of Mt. Goz confiscated wallets. The owners of these HUNDRED-FORTY-THOUSAND BITCOINS have waited for...
Scheduled september 18th Mt. Gox was a bitcoin exchange based in Shibuya, Tokyo, Japan. Launched in July 2010, by 2013 and into 2014 it was handling over 70% of all bitcoin transactions worldwide, as the largest bitcoin intermediary and the world’s leading bitcoin exchange. In February 2014, Mt. Gox suspended trading, closed its website and exchange service,...
For those who don't know, the now defunct Mt Gox exchange has begun liquidating their BTC and BCH assets. They have roughly 137,000 remaining of each according to the Mt Gox Cold Wallet Monitor. The most recent sells were on 4/26 and 5/10 and both affected the price noticeably. If they are selling like clockwork, we should see a giant red dildo hit the charts...
It's the return of the GOX nightmare that everyone had all but forgotten about. The BTC Yakuza (Mt.Gox trustee) definitely sliced the beef steaks of every "perfect" buy entry on the market as they dumped over 60000 BTC! Interesting that they seem to stop after collecting a bit over $400 Million USD. This would satisfy their creditors. But the question remains: ...
This chart gives me a warm and fuzzy feeling. I hope it gives you one too. In the black since $333! The general idea is that the value of bitcoin increases with adoption. So far the best indicator of that has been transaction volume. For a period of time we were way higher than the true value of bitcoin because of the Willy Bot scandal at Mt. Gox artificially...
First reliable breakout signal off the downtrend after the long 7 months bear market for Litecoin. (Correction from 48 USD -> 3.3 USD. 14x decrease in price) We also have a double bottom made on 22.10 CNY (3.3 USD). This is an extremely good risk/reward place to be taking position on Litecoin with stops at 21.69 CNY.