Will $BTC hold the $42K support?Let me first begin by stating that Bitcoin is still in a healthy state. I took time to zoom into the micro levels of the bitcoin charts to find out what is going on in the more immediate term. Just as a follow up to my previous chart which (I will link at the bottom) that there seems to be a push for a further 8% dip to the $40/41K levels. The market is in a classic accumulation phase also in a descending channel which is are all good signs for a bullish reversal. The descending wedge has the potential to push the market lower in search for a much lower bottom. The it may be very tricky to trade this young accumulation phase as it presents the whales and institutional money to liquidate further long positions in the leveraged markets. The $42K level is the perfect environment for more liquidations to take place. As I have thoroughly observed, the daily 200MA may still be the reason why there is a gravitational pull each time the retail hands attempt to push prices higher. The market is also moving in a bullish convergence which is also a good sign showing potential reversal may take place any moment. As you can see in the charts, we are edging closer to finding that bottom which I still suspect may be at the $40/41K levels before the mark up phase. by SilasMorerwa1
Falling Wedge Pattern I know that is early to tell that will be a bull falling wegde, but we can clearly see that this pattern have been form over and over again on bitcoin chart. So RSI on 30 its always a good buy zone in the bull markets. and if that trigger the first fibonacci level is 80k dollars for bitcoin. lets make a 100% on this trade. Good luck..Longby BrandonMartins3
BTC broke downward channel.. heading back up now!!BTC broke downward channel.. heading back up now!! Longby JackedBird112
Is Wall Street About to Crash? Crypto and the Real-Estate MarketIs Wall Street About to Crash? The TL;DR is: Probably.Long19:34by RyanTanaka112
$2100 Bitcoin Lines.. Signal to the Ultimate Bitcoin Bottom??I am not sure if this means anything or not... If you take the candle when Bitcoin really broke down November 14, 2018... and then mark a point below it around $2,100... you can draw trendlines that correspond to the price action over the last few months. As the future data is unknown, i drew a gann fan from the latest trendline to the $2100 level... just to see if it has any meaning in the future. Could this be an anomaly of a clue that the ultimate bottom will be around $2,100? Is the bottom already in? Can't deny the touches on these lines, question is if the mean anything going further. And a final note, once bitcoin lost a trendline, it has yet to have a full candle (open and close) above that trendline. -Travis JMJ - UIOGD by ProcinctuUpdated 0
-35%Hello If in this week can’t close above 55k can enter in short term bearish and a massive correction ~%35 down to $38k Long term still bullish (70K usd)Shortby BizzarTrading222
Did my Bitcoin Chart Get you Out in Time??I posted this on 4/14/21. we had two great exits and several more good exits. Please like share and follow to support. and comment most of all. did this chart help anyone here? thanks . this is not financial advice. please react to encourage me to post these more often. thanks.by RichBuddy1
btcusdt correction and buy zones i think we will see some correction buy zones 44k 37k try to do your own researshby Aymen_N222
Bitcoin $BTCUSDC Target PTs 76,245-93,237WHY BITCOIN IS THE ONLY CRYPTOCURRENCY YOU NEED Several characteristics reinforce Bitcoin’s dominance and superiority over all other cryptocurrencies. In contrast to the thousands of different cryptocurrencies that have emerged since the 2017 Initial Coin Offering boom, Bitcoin remains the best choice for any investor looking to enter the space. Why is Bitcoin superior to all other cryptocurrencies? To find the answer, one must first examine what makes bitcoin a sound monetary asset. The following are several of its key characteristics. ABSOLUTE SCARCITY There will only ever be 21 million bitcoin in circulation, and that number won’t be reached until 2140. By 2035, 99% of all the bitcoin that will ever exist will have been mined. This fixed supply issuance of 21 million is programmed into Bitcoin, meaning that it can never be changed or altered without consensus among the network’s node operators. Furthermore, no matter how much the demand for bitcoin increases, the supply will always remain the same, and over time, the supply expansion decreases until stopping entirely. This is a key distinction that determines the nature of sound money and Bitcoin’s economic principles. There is an infinite supply of other cryptocurrencies, as other cryptocurrencies’ maintainers can simply create more iterations of coins out of thin air, regardless of current monetary policy. Saifeadean Ammous, the best-selling author of The Bitcoin Standard, provided an excellent explanation of scarcity in relation to money: “A money that is easy to produce is no money at all, and easy money does not make a society richer; on the contrary, it makes it poorer by placing hard-earned wealth for sale in exchange for something easy to produce.” COMPLETELY DECENTRALIZED Bitcoin is the only truly decentralized cryptocurrency. No single entity or person runs or operates the Bitcoin protocol. Therefore, the entire Bitcoin ecosystem is completely resistant to any counterparty risk. Politically and socially, this is extremely important to the overall value proposition of Bitcoin’s network because, with no single points of failure, governments and other powerful entities cannot target, coerce, or manipulate any individual or group into regulating or altering key components of the base protocol. Ethereum, for example, has the influence and leadership of Vitalik Buterin and the Ethereum Foundation, so as Ethereum 2.0 and other cryptocurrencies continue to adapt and grow, it will be interesting to see how he and the protocol responds to political pressure and government regulation. PROVEN NETWORK EFFECTS Bitcoin’s network effects cannot be ignored. It has established itself as a legitimate store of value (SoV), growing to over $1 trillion market capitalization in 12 years. No other cryptocurrency has come even close to Bitcoin’s mass adoption and overall market cap. To further emphasize the power of Bitcoin’s network effects, Metcalfe’s Law holds that a network’s value is proportional to the square of the number of users. That is to say, as a network’s number of users grows linearly, its value grows exponentially. Jeff Booth, a visionary leader in the Bitcoin space and author of The Price of Tomorrow, explained that for any new emerging technology to disrupt an existing network of similar significance, it needs to be 10 times better. For the new network to gain mass adoption, it can't just be twice as good—it needs to be orders of magnitude better to create a mass network effect. BITCOIN WINS When looking at the overall crypto ecosystem, it can be easy for beginning investors to get overwhelmed by the thousands of different cryptocurrencies . One might question whether they should go all in on Bitcoin, or incorporate other cryptocurrencies into their portfolio. There are different opinions on other cryptocurrencies, as some believe them to have various possible future use cases. However, from the standpoint of which cryptocurrencies have the characteristics of a SoV asset, there is no comparison to Bitcoin’s economic and technical principles. Bitcoin is and will continue to reign supreme as the top global cryptocurrency as its adoption grows, wealth management firms continue to provide exposure to their high-net-worth individual clients, and more institutions adopt it on their balance sheets. In the race to become the world's largest monetary asset and paradigm-shifting economic network, Bitcoin will win.Longby BADQOMOCAWGOWLD113
Bit Coin Doing PullbackHello to all friends ... Bit Coin shows a good situation to continue buying for a higher level ... last week's forecast pullback has hit and caused a good rebound at level 261 as a pullback ending.This caused the start for wave 3. We wait for the pullback to finish for wave 5 ..Longby Fibo_Musang1110
BITCOIN SELL LEVELSI HAVE CHARTED WHERE I THINK THE CRITICAL SUPPORTS FOR BTC ARE AND WHERE I THINK IT WOULD BE GOOD TO POSSIBLY GET OUT AT 2 LEVELS IN CASE WE DO GO DOWN. THIS IS NOT FINANCIAL ADVICE. MY OVERALL SENTIMENT IS BULLISH ON BITCOIN. PLEASE LIKE AND COMMENT YOUR IDEAS .. PLEASE LIKE IF YOU AGREE OR LIKE THE CHART. COMMENTS MOST WELCOME. THANK YOU.Longby RichBuddy1
Bitcoin $BTCUSDC Target PTs 80,000-95,000Market Wrap: Bitcoin Near $60K as Coinbase Listing Stirs Fresh Crypto Hype Bitcoin (BTC) trading around $60,120.82 as of 20:00 UTC (4 p.m. ET). Climbing 0.68% over the previous 24 hours. Bitcoin’s 24-hour range: $59,428.21-$61,219.72 (CoinDesk 20) BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians. Bitcoin surged early Monday to a four-week high of $61,219.72. Analysts said the largest cryptocurrency might have gotten a boost from the hoopla surrounding U.S. exchange giant Coinbase’s coming direct stock listing Wednesday. In cryptocurrency circles, the “Coinbase effect” is when a digital token gets a price pump after getting listed on the cryptocurrency exchange. But bitcoin might get the benefit of a different type of “Coinbase effect” – if newbie investors, spurred by mainstream press coverage of the stock listing, decide to put money into cryptocurrencies. “The Coinbase hype within crypto, in terms of valuation and its domino effect on other markets” means Wednesday’s direct listing might become “a key catalyst event,” Singapore-based crypto quant firm QCP Capital wrote Monday on its Telegram channel.by BADQOMOCAWGOWLD1
Bitcoin clears Bullfrag, approches 55k TargetBitcoin clears Bullfrag, approches 55k TargetLongby JaceStrykerUpdated 5