DOT- Thriving ecosystemDOT is no Ethereum killer as many of its parachains within the ecosystem are using Ethereum blockchain and not native to DOT. Nonetheless, it is quickly becoming the force to be reckoned with acting as a base layer for many interesting use cases within the DeFi space.
On of my potential long-term plays in crypto. Good time to continue to accumulate at various support lvls as BTC continue its retracement.
Not investment advice. Do you own due diligence.
Regression
BTC: Daily - Buying the dipFor those bullish on bitcoin and wanting to buy the dip, you now have a window of opportunity. It's unknown how much longer this will last, but HODLer's always win in this game. Ichimoku indicators are all bullish (white line above price, blue over red, and price above cloud.) There is no significant weak spots in the cloud (green shaded area). 40-45k seems to provide the best support areas with that being 50% and 61.8% retracement levels. These retracement levels also mean a longer consolidation period for dip buying. The regression trend (blue and red shaded area) is strong at 94.4% and shows that a correction will likely end around the bottom end of this channel. It also lines up with the bull trend line (thick blue) and should be monitored closely. Any big break on the downside of the cloud and bull trend line could indicate a move into a bear market.
Bitcoin regression to hit $1-5 million within 12 years Was Jack Dorsey correct in predicting "bitcoin would likely become the single global currency within 10 years, “but it could go faster.” back in 2018?
Trolololo's famous 2014 regression predicted a price of $100,000 for bitcoin by July 2021 after correctly predicting a price in excess of $10,000 in 2017. The $100k target remains to be achieved, but seems likely based on current trends and momentum.
Bitcoin logarithmic power law predicts a Bitcoin price by 2032 of at least $1 million and as high as $7 million by 2032, which would put bitcoin in a similar ballpark in terms of total market as of Gold.
Based on "final" destinations and measuring the power law channel based on previous tops, a high of between $95k-150k is possible to estimate for the current halving cycle, assuming the cycle high is complete before the end of 2021, with a cycle low excpected between $20k and $50k before 2024.
Short ES on center regression channel. If ES breaking below central regression channel (white solid line) then go short on retest of white line. Look at confirm indicators. Headed below ATR (green line) Rsi to break below 50. Be careful though because this is a line and could go long again. Only enter if 4h tf low is below center white line. Otherwise you do not enter. If shorting but turns to be false breakdown then do opposite and go long. Because then I think we go to again new all time high.
ZUO Daily BreakoutZUO is beginning to breakout on the daily chart from the long term bearish trend line (purple) after crossing over the 200 period MA (yellow line). There is plenty of support from ichimoku clouds (green shaded area). The regression channel (red and blue shade) shows a 96% correlation which indicates this is a strong bullish trend (thick blue line). Bulls should be looking to buy on a red day that comes close to this trend line. The next key level of resistance is around 17, and should be monitored to see if the price can successfully break above. Historically, ZUO has played in very tight range bound areas.
When will it be time to pause the GME? #stocksThis recent move in GME has be extraordinary to say the least but what matters now is when to temporarily put the controller down and take a break. On a short term basis I am watching the regression channel from the past two days. While we remain in the channel the game is still on but below the channel means its time to rest your fingers
Bitcoin making similar moves to the 2017 bull runWe can see back in May of 2017, when we broke out of the green band we went straight to the purple band and bounced between those levels for about 180 days.
Now to January 2021, we have broken out of the green band and we are approaching the purple band. Nothing is certain, but bitcoin tends to follow these regression bands.
2020 Dominance Channel BTC.D #btcdominance #bitcoin $BTC #cryptoHere we see our Btc Dominance chart . As you can see we have been in the same regression channel for all of 2020 . That pink and blue box on the chart is a regression channel indicator. We are also about to hit a TD Sequential 9 in green ( that's those numbers you see on top of the candles . ) When we hit a number 9 in green on November 20th we then saw steep downward dumping happen and I expect the same will happen again . If this channel seems like it will be continuing into 2021 then we could see an altseason on the way when Bitcoin Dominance starts to go down .Also notice that rsi is about to wick up to that red line - again there should be a turnaround there soon too.
GBPUSD LONGMy reasoning
1. Sweep so much liquidity
2. Didn’t close below the hourly zone wick
3. Retested the same regression channel(AGAIN) it broke out of for a strong buy
This could be short term to create the left shoulder of the H&S it looks to be creating OR the last discounted entry to the buy swing.
DKNG Catalysts+Break over Resist=Strong BuyDKNG has become the official betting partner for the upcoming Tyson fight, NBA on the way, Football still going on, DKNG is looking strong.
A recent break over the 49.9 resist and holding the trendline in the regression channel proves a good buy; January-March 50-55 calls look great!
You are so beautiful , to me BAT/BTC #crypto $BATHere we have our Bat bitcoin pair on a 3 day chart .As you can see Bat broke down from that channel it had been in and had a hard dip down as most alts did when Bitcoin pumped over 15 k yesterday making a new yearly high . The rsi has also bottomed out here and I have to say this is looking beautiful to have probably a 100% rise ,in my opinion . Now sitting at 1296 sats and looks like it should easily come up to the bottom of that pitchfork near 2000 sats ( the blue area above our current price . ) But we could also easily go up to that red heart on my chart which is the bottom of that Ichimoku cloud near 2700 sats . That would be over 100% from where we are now but either way it's a good return . First we need to break out of this regression channel we are in ( this downward channel we are in ) we need to find bottom and then start to turnaround and break upward but it is looking highly likely . If we break through that Ichimoku cloud we could see more than 2700 sats but I'm not necessarily expecting that . Such a beautiful chart ....
GOOS Long-term PlayGOOS has seen a new powerful trend emerge - a great entry would be at the bottom of the channel, it a break over the channel. Especially with the winter season coming up, a better than expected ER, and online commerce doing well, 2021 calls look great.
Above charted are the Fib lines and powerful resistance lines from previous months - best entry would be low-30s, more accurate is following the trend of regression. Optimal exit set at 44.97, strong resistance from 2019.
Regression lines suggest the BTC top is around 17k for 2020Moore's law has tought us that historic evolutionary patterns are happening 10 times faster after each new technological or scientific breakthrough when it hits the mainstream public worldwide. This breakthrough is then followed by a parabolic and very bubbly event, only to face a dozens month old bloody correction, while finally allowing the new market to mature as it becomes adopted and globally regulated. The end result causes yesterday's all time highs to become tomorrow's new bottoms. But what history has shown is that only a few select will rank above everything else and this will only take place when the potential promise of a strong vision is fulfilled on a global scale changing humanity's habits in a way we never thought possible.
The last time a transition like the one I'm describing above happened was between 1984 and 2020. This has been a time of great change that started when Nasdaq introduced the internet to the world as early as the 1980s. When the Soviet Union was falling and the Berlin wall fell a new world was being reshaped thanks to the start of the internet era. These highlights preceded another historic event 2 decades later. Of course, we've all heard about 9/11 and how it paralized the entire world in 2001. After the dust settled, it took the internet market almost 6 years to hit the peak of a sucker's relief rally and mark the end of the dotcom bubble burst. The parabolic unexpected rise that the internet bubble displayed the first time, was something that is still unbelievable to this day. Even though denial and disbelief are a thing of the past, we can still wonder what those so called experts have to say today when asked if our computer pundits lacked all common sense back in the day? Well look at how unimaginably far "electronic wonderland" has come. The internet did indeed replace traditional systems used by banks and governments in the 1990s. Now another global event is about to close a chapter that started as early as 2008 when the global recession took place. We're seeing one after another industrial revolution, each time happening exponentially faster and in a more impactful way than the previous one. The world is being taken by storm yet again, as cryptocurrencies more than outperformed in the last quarter of 2017 and in the early days of 2018. In contrast and just like the dotcom bubble peak back in 2001, both astonishing events preceded a very bloody correction in the 2 years that followed. Both events witnessed by today's freelancer and entrepreneurial millenials, saw Nasdaq find the true bottom around the fourth quarter of 2002 followed by a crystal clear relief sucker's rally that lasted 6 years up until 2007 soon ensued by a higher bottom to spike a much much bigger rally that continues today.
Now that the cryptocurrency market is maturing, we can see history in the making as bitcoin did indeed reach a massive technological breakthrough at the end of 2017 followed by a 2 year bloody correction. This time though, moore's law didn't disappoint as the bitcoin market printed a 6 month sucker's relief rally ensued by a higher bottom just a few short months later, signaling an extended bear market and a slower future rally, a more progressive but healthier bullrun between next 2022 and 2023, if not earlier.
When comparing 2017 to the doctom bubble, it seems a massive new technology explosion took place 15 times faster than the euphoria experienced in 2001.
When looking at bitcoin's algorithmic hashrate, it seems Q2 of 2019 was a sucker's rally, similar to the one experienced in 2015.
Contrasting today's massive performance on the stocks that survived 2001's doctom bubble after reaching 98% losses from ATHs followed by a slow rise amidst regulation and adoption,
the crypto market is a trillionaire market in the making and the trend should continue as follows:
2013 has been very similar to 2017 in the crypto market.
2014 was very similar to 2018 where a gigantic bloody correction burst the bubble yet again.
2015 saw a sucker's rally signaling a bottom and a future rally potential, just like it happened early January of 2019
2016 Bitcoin had it's second halving, taking it from $185 early January 2015 bottom to $780 June 2016.
As miner difficulty increases and bitcoin becomes more scarce, covid-19 impacts every small business including those in the crypto industry causing a massive miner capitulation. Moreover, the block reward will be reduced from 12.5 BTC to 6.25 BTC .
With a pool of 15,700 miners left from hundreds of thousands will put the price of bitcoin anywhere from 16k to 53k around the date of the next bitcoin halving till mid 2023.
( BTC Price: $7000 x 6.25 = $43.750).
Institutional Trading is Heating Up
There is currently only a bit more than $2B in crypto. There was a large study done by JPMorgan, which found out that every $1B that goes into crypto increases the market cap by $50B.
So, this means that the actual FIAT money that went into crypto over the last few years is only 2% of what the total amount of cryptos are worth and that there is only $2.2B in crypto total right now, because $2.2B * 50 =$110B, that’s what all crypto is currently worth.
At the height of the last bull run, there were around $20B in crypto.
Say Bitcoin reaches a $30,000 price and a $240B market cap, we would probably be at a total $1T market cap.
There is only $20B entering crypto needed this year, since every $1B that enters crypto, increases the market cap by $50B.
BAKKT, Fidelity and ETFs could easily add $10B to this, which would make the crypto market increase by 5x alone.
Add small investors, Bitcoin whales and we are at $20B and a $1T total market cap again like in 2017, where we topped out at $800B total crypto market cap.
As 2020 arrived with a big bang, we see a strong indicator of what's to come in this exciting brave new orwellian and huxle'y's world, there's a big green light that the cryptocurrency and blockchain market is going to shock the world 10 times faster than the internet 2.0 market has to date! Nevertheless and regardless of the current Pandemic, bitcoin is still following a perfect trace of regressive models run by bots on the biggest crypto exchanges. 16k to 17k is the top for now I'm afraid.
EURGBP Brexit in the works.EURGBP seems to be breaking out of key support levels, after putting on a regression channel you can see its broken out of a strong supportive trend line. Fundamentally, with Brexit being much in the air right now, we can expect a lot of volatility within this pair. However with the strength on other pairs and the bearish movement I will be looking at shorting this and having the SL be the previous consolidation point.
Subscribe to my YouTube for my trading challenge coming up (100-10,000) , I will be posting the record on MyFXBook which is the same handle as my TradingView.
$4600 Bitcoin as 2021 low ? BTC/USD #Bitcoin $BTC #cryptoHere we see that huge pink and blue regression channel on our 3 day chart . You can see we have reliably remained in this channel since 2018 even through highs and lows. It seems until All Time High is breached above 20k that we will remain in it . That means we will revisit the bottom pink part of the band at some point . If that happened , for instance , next summer of 2021 it would line up perfectly with our bottom trendline ( that thin purple line ) and bring us a $4600 Bitcoin price next summer . You can see it on my chart where the orange B is . Also that area is roughly where our .236 fib is from our full fib . This is a great collection of different indicators that we will see a great price sometime next year . I believe the price could always wick a bit above or below there though , say from 4200 to 5800 but for sure we should see sub 6k and as long as we don't break below our 2019 low of 3150 we are still long-term bullish .Good things ahead !