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Bitcoin (BTC) Things Are Getting Spicy $50,000 Incoming!The market euphoria is starting to heat up once again. The market sentiment is changing fast and we are now back to "Greed" on the Fear & Greed Index. Even the main stream media's tone is starting to change once again. I'd even go on to say Bitcoin may now be Elon Musk resistant. China mining crackdowns will also start to become be a narrative that will no longer have a FUD inducing effect on the market. We have strong resistance at $46,784 right at the 0.5 Fibonacci level. Expect a pullback to the $42k Levels or even lower $40k levels. Once we break past this resistance level I do believe Bitcoin will work its way up to retesting $50,000 as long as this positive momentum continues to grow strong. We may possibly be in the next extension of this overall bull trend for Bitcoin and the Crypto market in the coming months. * On the weekly time frame we're starting to approach bullish divergence on the MACD . * The hash rate is growing fast. * Clean Green energy for Bitcoin mining is becoming a positive mainstream media talking point. * A stronger Cryptocurrency influence and advocates will become stronger in Washington D.C. as a result of the botched crypto-infrastructure bill. * Global Multi-Trillion dollar economic rescue packages will continue to expand the global money supply. * NFT's, Ethereum , Gaming Tokens, and DeFi mania will continue to grow. * On the daily timeframe we're currently retesting the 200 Day Moving Average. Much peace, love, health, and wealth!
COINBASE:BTCUSDLong
by peacefuljustin
1
Ethereum Time Is Running Out! Prices Will Go Up.If you don't own at least 1 Ethereum you still have time. Owning 2 or more is even better. I know I've been sounding like a broken record but I seriously believe Ethereum will have a tremendous price value in the not so distant future. Owning at least 1 Ethereum will guarantee that you have some wealth and longevity in this space. The future of Decentralized Finance and economics is within Ethereum which is easily a multi-trillion dollar market in the coming years. Ethereum under $2500 is a bargain considering the events and changes in the months to come that I believe will have a positive impact on price. On the weekly MACD we're starting to loose negative momentum and heavy sell pressure since mid May of this year. We're not overbought on the RSI which indicates there's some still some more run-up. But also keep in mind that on the monthly time frames we're still a little heated. Consider this: * EIP-1559 will make Ethereum deflationary and limited. It will also reduce gas fee's and forever burn Ethereum which will create a limited supply. * EIP-1559 commences in roughly 2 days so far the biggest upgrade in Ethereum's history. * We have strong support at $1690 and strong Resistance at $2900. * This has been a heavy accumulation period in the entire cryptocurrency space. * Bitcoin has defended the critical $30,000 support level. * We're approaching the Golden Zone on the Fibonacci Levels (Golden Zone = 0.382 between 0.618) My approach to the crypto-currency market and trading is always long term. I encourage you to have a long term mindset in these markets. Ethereum will be primed for serious gains considering we hit new all time highs on the Bitcoin pairing and re-test all time highs on the USD pairings. Believe in you're investments and be patient! Ethereum is key to the growth and future of this entire market. Cheers! Much peace, love, health, and wealth as always!
COINBASE:ETHUSDLong
by peacefuljustin
3
Bitcoin Start Of New Multi-Year Bear Market? I Don't Think So...There have been many people calling for a sub $20,000 Bitcoin and the start of a new multi-year bear market? I do not believe that will be the likely scenario considering we have already crashed and the major selloffs have already happened. I highlighted the 3 most major sell of volume sticks since 2017. It has been clear this period has been turning out to be a consolidation phase in the market as we continue to move sideways waiting for a strong move to the downside or upside. Consider this: * Buy and sell volume has been getting very low. * We now have over 200 days of support trading above $30,000 * We only have 28 days of support between $18k - $20k. * $30,000 is a way stronger and more important support level than $20,000. * Tesla has not dumped their Bitcoin Holdings. * Intuitions are still more interested in Bitcoin than ever before despite the volatility and crash. * Bitcoin hash rate has slowly been recovering. * This is the longest period of extreme fear registered from The Fear & Greed Index ( We are still continuing to be extremely fearful). * Bitcoin mining is continuing to become more renewable and miners have been re-locating mining outside of China at a rapid rate. * On Chain Metrics indicate large whale addresses have been accumulating between $28k - $30k. * This most recent crash has been the biggest in crypto history considering the amount of money that has left the space (1 Trillion in under a month). * Countries adopting Bitcoin as legal tender will continue to grow. * Bitcoin is becoming more desensitized to Elon Musk and China FUD. * Crypto luxury transactions accelerate at Sotheby's. * Sotheby's recently sold a rare 101.38-carat diamond for $12.3 million in cryptocurrency. I say all of this because market sentiment is what drives price. This market has matured greatly since the last bear market. We will come out of this state of extreme fear, uncertainty, and doubt in the months to come. We are now back at them bottom of $30k. Can we go lower? Yes but how low? We're still in a downtrend and the charts are pointing down. Expect another drop to $28k as long as we're still in this phase. I don't believe we are starting a multi year bear market "just yet". The fundamentals going forward are more way more bullish than bearish throughout the rest of this year. If you're at a loss I'd just say continue to HODL through this and be patient. Think about the bigger picture and believe in your investment. This is the future of economics and finance. The bears want you to sell at these lower prices and want you to believe Bitcoin is back on its death bed. Most of my portfolio is staked throughout this period. Much peace, love, health, and wealth everybody.
COINBASE:BTCUSDLong
by peacefuljustin
Ethereum a New Evolution Brewing Still Time to Own At Least One!I know people are starting to sleep on cryptocurrency. Not too much heavy buying and not too much heavy selling. The state of the market is in limbo but these times present great opportunities. If you don't own at least one Ethereum now will be the time to seriously consider making it a goal. If you're trying to build wealth in cryptocurrency with the least amount of risk Ethereum is essential to your journey. I have new Fibonacci levels starting from the swing high of $4395 on May 12th to the swing low of $1695 on June 26nd. Ethereum has been trading between $1695 and $2300. I'd say that Ethereum under $2000 is a steal. Of course these prices can all change depending on Bitcoins mood. If Bitcoin drops to the lower 20ks as many people suggest then Ethereum can easily come down below $1,000. So be cautious as the market sentiment is still extremely fearful. However, the upside potential is extremely strong considering the developments taking place within Ethereum . Post EIP-1559 ( Ethereum becomes deflationary), continued DeFi expansion, and the NFT innovation are some of the catalyst that will have a major positive impact on Ethereum . Even Fox news channel and CNN are invested and experimenting in NFTs which is shocking to me. I believe we will have stagnant price action until there's a decisive move in the market to the upside or further downside. We have been moving sideways for some time which can indicate we're in a heavy accumulation phase in the market. Looking at on chain metrics from Santiment the whale supply held by top addresses have been increasing at an alarming rate since May 22nd. Smart money knows wassup. Ethereum is still very undervalued. Cheers much peace, love, health, and wealth as always! Keep building that crypto wealth for you and your family!
COINBASE:ETHUSDLong
by peacefuljustin
Bitcoin Why is Everybody Extremely Fearful? It's been clear we've been in a slow steady downtrend. We've been producing lower highs, and slightly lower lows which of course isn't a good sign for positive price action. To be honest we will be at these levels for weeks to come or even another couple months. This entire market has had a serious cooldown. The charts indicate we're pretty much on a steady path to make candle closes below the crucial support level of $30,000. It's been very remarkable that Bitcoin has been holding strong above $30,000 despite the Tsunami of fear, uncertainty, and doubt that continues to plague the market. Originally I said we were overly bearish but chart doesn't lie. The good news is that Bitcoin has been extremely fearful for over a month on the Fear & Greed Index. Eventually when sentiment is so fearful we eventually slowly work our way back to being greedy again overtime. The last time we we're this fearful was during March 2020 Global COVID-19 shutdown. The reasons then were quite obvious because nobody knew outcomes of the shutdown as then entire globe went into hysteria. The reasons why people are extremely fearful of Bitcoin today is pretty confusing: Tesla no longer accepting Bitcoin, Elon Musk's troll tweets, clean energy concerns, China's renewed crypto crackdowns, and the exodus of miners out of China relocating to more crypto friendly mining jurisdictions around the world.... Are these reasons to be extremely fearful? In my opinion no.... This is all good for the Bitcoin network long-term. But cryptocurrency is hyper volatile which is another way to say hyper emotional. It's difficult to say were we go from here. The best case scenario is we continue to hold above $30,000 and move sideways for a while until the bulls come back. Worse case scenario is we slowly continue down on this descending wedge into the mid $20,000 range and $30k becomes resistance. There still may be more maximum pain and I know it hurts to see. You can only use so much Technical Analysis before you have to balance it with the fundamentals. Market sentiment and buyer / seller emotion is what ultimately drives price. The charts indicate down in the short term but the long term fundamentals and macro environment for Bitcoin point up. Especially as Governments continue to print historic record trillion dollar packages and stimuluses around the world. Hyperinflation is coming if its not already here. Like I said before we are going to have a rough choppy summer until we can have a better overall market sentiment. We will get through this cloudy period in cryptocurrency. There's way too much innovation and adoption not to be bullish long term. Bitcoin will be a multi-trillion dollar asset. As always much peace, love, health, and wealth. Bitcoin = Freedom.
COINBASE:BTCUSDLong
by peacefuljustin
9
Kusama (KSM) Looking Strong Good UpsideI know the market sentiment has been "extremely bearish." And we are in a bear trend, I wouldn't consider this a bear market officially just yet. Now is the time to really start thinking which projects will perform when we inevitably overcome the cloudy summer season of FUD storms and on to sunnier days in cryptocurrency. Kusama is looking strong and will most likely be at the forefront of the next DeFi Mania wave along with Polkadot (DOT) of course as these projects are going to be key cryptocurrencies in the expansion of DeFi. The Kusuama parachain auctions have have started and will be live for the next couple of weeks. With this recent Bitcoin dip there was a massive sell off as many people are getting out of their Alt coin positions. We formed a nice and important bounce for Kusama starting to form a new level of support after this capitulation . Of course if Bitcoin experiences another massive plunge bringing it deeper in $20ks then we could see this support easily broken bringing down below the $100 range. Only 10 million coins already 89% through its circulating supply. Keep Kusama on your radar.
Long
by peacefuljustin
4
A "Welcome to" Pinescript codingThis simple idea is an intro to @TradingView & @PineCoders Nothing fancy or complex, if you are already coding - you can skip this. simple MA build walk through & adding a second MA. If you want to get into coding, then here's the basic introduction. FYI - I am not a coder, 21 years trading experience and know a bit about the instruments - but new to actual coding, especially in Pine. Hope it helps someone! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Editors' picks
COINBASE:BTCUSDEducation
by Mayfair_Ventures
49
Bitcoin Undervalued (Don't Get Use To These Prices)We go up like and escalator but come down like an elevator. That's Bitcoin... We are slowly but surely grinding our way to the upside above the 200 day moving average and out of this support and resistance channel between $32,000 - $40,000. We recently got rejected at $41,000 but that's ok! A retest and bounce off between $35,000 - $38,000 is a healthy sign. We have been closing with higher weekly candles since the Elon Musk induced market crash a month later. Fundamentally I personally do not believe we will head back below $30,000. I think that's an overly bearish scenario since the majority of the heavy sell off already happened May 17th. We've remained over $30,000 despite the "Russian" ransomware attacks, antagonizing Elon Musk tweets, and Donald Trumps Bitcoin scam comments. But coming back down to the lower $30k levels is always possible. My target for when we will be steadily back above a solid $40,000 Bitcoin and out of the support & resistance channel is by the end of August if we keep this trend going. Remember what doesn't kill Bitcoin only makes it stronger. Bitcoin became legal tender for an entire country for the first time in history this month. I'm inclined to believe that by the end of the decade El Salvador will not be the only country to accept Bitcoin as legal tender. It is also only a matter of time before over 80% of all Bitcoin mining will be done using 100% "clean green" renewable energy. We will not be at these low Bitcoin prices for too long. Now is your chance to add to your Bitcoin positions if you haven't. I use to tell my friends and family Bitcoin under $10,000 is a steal a year ago. Now I'm saying Bitcoin under $50,000 is a steal. Don't miss this accumulation phase and don't let the hyper volatility get the best of your emotions. It goes both ways. Bitcoin was the strongest asset class to hold from 2010 -2020 and Bitcoin will remain the strongest asset to hold from 2020 - 2030. Why? More people and capital comes into the network over time than goes out year after year. As always much peace, love, health, and wealth. If you believe in economic freedom, peace, and integrity then you believe in Bitcoin. We will not be trading at these prices or be below the 200 day moving average for too much longer.
COINBASE:BTCUSDLong
by peacefuljustin
2
Bitcoin How Low Can We Go? Heading To Heavy Accumulation Zone.First it was Elon Musk, then the China mining crackdown, then the Colonial Pipeline ransom, and now Donald Trump thinks Bitcoin is a scam oh no!!!! What's next on the Bitcoin punching bag? Overly optimistic when prices are high and overly pessimistic when prices are low is how our emotional psychology works plays against us. The lowest point I see Bitcoin potentially trading at is $27,500 at worse. Can we get below $30,000? Absolutely. But as I said previously I believe Bitcoin at these prices is going to get purchased up very fast especially if we drop below $30,000. Are we heading towards $20,000? I still don't believe so when a company like MicroStrategy goes $400 million into debt just to buy more Bitcoin at around $30,000. That's just my opinion though I could definitely be wrong. We're at the bottom of this channel and Bitcoin between $28,000 - $30,000 is a very hot buy zone. Don't let the media trick you into thinking that your Bitcoin is worthless or it's a scam. Bitcoin is here to stay and bring mathematical integrity to our current economic system. El Salvador just became the worlds first country to adopt Bitcoin as legal tender. Meaning that Bitcoin will be widely adopted by El Salvador to pay all forms of public and private debt within the country. My question is which countries will be next? We're probably going to have a choppy summer of sideways movement between $30k - $40k but don't worry. These prices will be another time we reflect and say "I wish would've purchased more." Much peace, love, health, and wealth! Always hodl and never sodl at a loss. We will get through this period.
COINBASE:BTCUSDLong
by peacefuljustin
1
BASICS OF SAVING & INVESTMENT | RULES YOU SHOULD NEVER BREAK Debt and living on credit is a universal norm. While the "wisest" among us are trying to persuade themselves how they "hack" the system buying on credit card smartly, the richest among us keep following totally different commandments . You must remember that debt makes you dependent , it makes you submissive to the system. To become truly free and wealthy, here are the simple rules that will change your life if you follow them: 1 - Spend less than you make 2 - Do not save what is left after spending, but spend what is left after saving 3 - Invest the rest in the industries that you understand 4 - Never borrow to invest 5 - Stop trying to get rich quick 6 - Never let your emotions intervene 7 - Patience pays The rules by themselves are very easy and straightforward, however, most of us are not disciplined enough to follow. Learn them, try them, practice them and one day you will become free! ❤️Please, support my work with like and lovely comment!❤️ It truly helps! Thank you!
COINBASE:BTCUSDEducation
by SignalProvider
8
Bitcoin (BTC) Going to $20,000? Big $40,000 Resistance Many people believe we're heading back towards $20,000 but I see it differently. Bitcoin has spent less than 12 days trading under $25,000 after breaking its all time high of $20k on December 16th 2020. Compared to the 148 days of Bitcoin being recognized trading above $30,000. There's just not much support at those levels. Sure we can still drop below $30,000 but if we did it has become clear to me that Bitcoin trading below $30k has been aggressively accumulated. If companies such as Ark Invest and MicroStrategy publicly announced they've purchased more Bitcoin in between $30k -$40k I'm inclined to believe they'll go drunk off buying below $25k and all the other institutions swimming with them. We've hit heavy a heavy psychological resistance at $40,000 and we could be trading sideways between $30k -$40k for a period of time as we aim to get back above the 200 day moving average. I do not believe this is the start of a bear market but I do believe this will be another phase of accumulation at these levels. Much peace, love, health, and wealth.
COINBASE:BTCUSDLong
by peacefuljustin
Bitcoin Out of Capitulation? Can we get back above 200 day MA.It wouldn't be cryptocurrency if we didn't have eye watering corrections like these. I guess this is the price we pay for having astronomical gains and cryptocurrency still being in its infancy stages as a market and technology. Its been blatantly clear that there has been a lot of institutional and whale buying during this market crash. I have a short term 1 hour channel of Bitcoins capitulation trend. We slightly broke out of the capitulation channel but we may re-test $35,000. Seems like we may have formed a double bottom but we'll see. We're trending back towards being over the 200 day moving average. These are good signs of recovery. A lot of other analyst are stating we're in a "dead cat bounce" and we may head towards the lower $20,000 levels. That's possible if we drop back below $30,000 but I see way more support and recognition above $30,000 than there is at the $20,000 level. Even if we did drop back to $20,000 most people would buy that up in a heart beat. This crash is driven by nothing more than fear and emotions because at the end of the day the fundamentals of Bitcoin remains the same. Just my opinions. Much peace, love, wealth, and health. And yes, I strengthened my family's Bitcoin and Ethereum positions this crash.
COINBASE:BTCUSDLong
by peacefuljustin
Bitcoin Support at $30,000 & $47,000Interesting how we come right down to the 1.618 Fibonacci level at $30,000 during this current Bitcoin crash. If we continue further to the downside we'll be going back to lower $30,000 levels. If we regain momentum back to the upside Bitcoin will probably go right back up to the 2.618 level around $47,000. We're trading dead in between two critical Fibonacci levels. I don't believe we will be trading in between the 1.618 and 2.618 levels for too long. Just my personal opinion. There's tons of volatility right now and the market is very spicy. Another Elon Musk Fear, Uncertainty, and Doubt tweet could easily send us further down. I'm personally not too fond of people that spread negativity and pretend they're going to sell Bitcoin but continue to buy it. I tend not to trust people that exhibit those qualities. Much peace, love, health, and wealth.
COINBASE:BTCUSDLong
by peacefuljustin
Why The Rich Get Richer. It Is Your CHOICE What is the difference between the rich vs poor mindset? How do the successful differ from the rest of us? So many people do not obtain financial freedom because they do not have one thing: the right mindset. Everything starts with how you think about money, wealth, and success. It is not a matter of luck, birth, or connections. The biggest differences between rich and poor people can be traced back to mindset, outlook, and behavior. The rich and the poor don’t only differ in how much they have in their pocket, but also in how they think. Rich people have a way of thinking that is different from poor and middle-class people. They think differently about money, wealth, themselves, other people, and life . By doing so, you will have some alternative beliefs in your mind from which to choose. In this way, you can catch yourself thinking as poor people do and quickly switch over to how rich people think. A positive attitude, focusing on doing the right thing overlooking good, becoming a continual learner and careful risk management are all differences between the rich and poor. This reduces their odds of becoming poor after disaster strikes, and it helps them achieve their financial goals over the long-term. A rich mindset will tell you to be self-sufficient & build multiple streams of income . It will tell you to build a team of smarter people than you to leverage the efforts of talented people. The mindset of the rich is the most decisive reason why “the rich keep getting richer, while the poor get poorer.” Bill Gates has been quoted as saying, “If we weren't still hiring great people and pushing ahead at full speed, it would be easy to fall behind and become some mediocre company.” So, which mindset do you have? ❗️Please, support this idea with like and comment! Thank will help a lot! Also, subscribe to my social networks, the link is below!❗️
Education
by SignalProvider
14
CAKEUSDTthis alt has the potential to reach unbelievable values as fundamental but technically the bulls show complete dominance in the chart therefore we consider the last slippage as a correction and go for our targets safely another mean of publishing this post was introducing a token listing today (10th of may) in pancake swap in name of wealth locks (WLT) strongly recommend to hold it for more than 3 months for a great fortune current value is 47.13$ you can do your researches and then enter such a signal as our observer reported this token showed a healthy fluctuation and we are getting heavy in it with this value . . . if you entered like we did just head in private chat and discuss the values there 👉This idea has the confirmation of "advanced price action" 👉For more information don't be shy and get in private chat of trading view 👉Hit share and spread the information in public chats or your twitter for everybody to get profit
Long
by the-crypto-analyzer