$TULIP Bulbs are Sprouting Green Shoots!$TULIP Season Means it's Spring!
$TULIP to $5.55 is only the first division in this growing process!
Watch it grow here!
TULIP
TULIPafter touching important support we see a doji candle and price back, I think TULIP can retest the broken trendline
TULIP longBuying some smaller coins now.This one looks promising on 1H chart.Can see divergence and MACD crossing to north :) Start buying.. :)
$SOLFARM Triangle formingA nice triangle forming here on solfarm - (TULIP.) It could break either way so keep an eye for it, but consolidating nicely for the next move which can see +- 43% move to measured target. If we break up we should move to around $30 from current levels of $19.29
TULIP USD - Breakout of a symetrical triangle forming an IH&SAfter a retest we can expect a breakout to the top. This will cause a inverse head and shoulder pattern which could lead us to 30 - 32 Region in the comming days.
Entering 20.35 - 20.50
TP: 22.50 - 23.30 - 28 - 31.10
No Financial Advice
DYOR
Bitcoin Water Drop PatternBitcoin is like a drop of water on a tulip leaf ready to fall down and touch the ground and evaporate towards the clouds.
Crypto currency: "The Digital Tulip"?📌 During the last five months, the price of Bitcoin increased more than five times - from $10,000 to over $60,000 while the global crypto currency market capitalization topped $1.7 trillion. When it comes to traditional assets, such a rapid rise in the value of an asset typically indicates the emergence of a financial bubble. But, what about crypto currencies?
📌 Against the tsunami of crypto currencies' market capitalization increase, financial bubbles of the past look like small and mid-size waves, historically adding 40 to 440 percent to the asset value. The value of global crypto currency markets increased almost 900% from March 2020 to today.
📌 When do bubbles usually reach their peaks? In looking at past bubbles, the longest time period is four years with an elongated period experienced by the real assets markets. If the crypto currency bubble is compared with digital asset bubbles, like the Dotcom and Biotech bubbles, it may peak 13-21 months after the bubble started to blow or between March and December 2021.
Is this time different? Super-easy monetary policy and expansionary fiscal policies in the US and around the world coupled with the accessibility of financial instruments and stock exchanges for a wide range of non-professional investors may make this "digital tulip" bubble different than bubbles of the past. These factors make it more difficult to predict how much the peak value of Bitcoin and other crypto currencies can exceed their fundamental price levels defined by the cost of coin mining and infrastructure maintenance.
We are expecting a Bubble crash in Crypto Market..💭
What's your views and Thoughts 💭 Please feel free to describe below.
My targets for BTC and next potential support/buy zone.Much more sideways action than anyone anticipating. Also more pain to come. I think we will be trading $8300-$11500 range for two more months unless we break down hard around $8300!
The Bitcoin, The Gold and The TulipI’m no expert at Gold though I wouldn’t be the first or last person to make comparisons between Gold and Bitcoin. Sure both are minable and have a limited supply, but what about price trend similarities?
For Bitcoin fans who check the price daily, you will recognize the similarity of Gold’s parabolic rise from 250 USD to 1,900 USD between the years 2001 to 2016 and Bitcoin’s rise between September 2017 to present (albeit that Bitcoin pricing is x10 of Gold). The Gold price surge started back when the United Stated decided to embark on the hunt for a particular middle eastern man who apparently yielded massively destructive weapons, and ended in 2011 in what seemingly was a bubble. Other similarities to Bitcoin include:
- The peak of 1,900 was viewed as a huge bubble just as the 20k price of Bitcoin was.
- Gold also has little intrinsic value.
- Gold has been refered by some as a relic, and Bitcoin is also showing signs of becoming a relic as newer technology emerges.
- In a more limited way, Bitcoin has also been a flight to safely in certain countries experiencing fiat currency issues.
The differences are:
- Gold looks and feels great!
- The evolving trend for Gold is observed across years rather than months.
Bitcoin leading Gold price trends?
Bitcoin’s recovery from the December 2017 price correction has been similar to Gold. Gold so far has managed to rise back from about 1056 almost hitting 1400 and has since ranged just as Bitcoin bounced back from around 11,000 and started ranging between 13,000 and 16,000. Since Bitcoin price trends evolve faster, would Gold follow a Bitcoin's price recovery? I don’t see a relationship between the two markets currently though time will tell whether the similarities in the graphs would continue.
What about Tulips?
Along with being compared with Gold, Bitcoin has also been referenced countless times to the Tulip and the potential to experience a similar crash to nothingness. So what will make Bitcoin not crash and survive across the centuries as Gold has? Gold bears marked differences between the Tulip and Bitcoin, that being it doesn't die and you can actually hold it and get warm fuzzy feelings. So if Bitcoin is to have a future, the demand for it must develop into what John Maynard Keynes referenced as a "Barbarous relic".
Bitcoin is rising again today . . . and Gold is hitting 1320. Fun times.
