Bitcoin Bulls need to push and hold above $28,200 to neutralize this pattern developing. Otherwise, bearish market structure develops with LHs and LL with a LL retest if Friday's low is taken out. A break out above upside trend line to resume upside momentum.
After twenty five years trading this is my favorite strategy to trade Cardano . The 8 hour time frame is ideal for swing trading with three potential signal periods a day. This accounts for the Asian, European and American sessions allowing you to have the rhythm of the market. The 8 hour also does a fantastic job filtering our noise while holding trends yet...
After twenty five years trading this is my favorite strategy to trade Ethereum. The 8 hour time frame is ideal for swing trading with three potential signal periods a day. This accounts for the Asian, European and American sessions allowing you to have the rhythm of the market. The 8 hour also does a fantastic job filtering our noise while holding trends yet...
After twenty five years trading this is my favorite strategy to trade Bitcoin. The 8 hour time frame is ideal for swing trading with three potential signal periods a day. This accounts for the Asian, European and American sessions allowing you to have the rhythm of the market. The 8 hour also does a fantastic job filtering our noise while holding trends yet...
In this chart Bitcoin's price is lined up from previous cycle peaks showing the duration of the bear market until next halving of the miner's reward. What do you think from the perspective on this chart. Do you think Bitcoin's price will be above or below $24,000 at the next halving?
We have much more data now. My model I believe is much more accurate accounting for current rate of adoption and price with a slope of 107.17% YoY. Volatility is diminishing. Returns remain consistent. Adoption rate on bitcoin is roughly 100%+ a year. Slope of the model since 2013 angle of 107.17%.
Fed could cut rates in 2023, 2024 if inflation under control. What happens if it is not? Can the Federal reserve run qualitative easing into inflation? What happens then? If the Nasdaq lost 50% the index would still be above March 2020 lows.
Does anyone believe it is possible for Bitcoin to make a new all time high by November 2023? It would be so weird for Bitcoin to make new all time highs before the halving what would that be a new structure? Would it still be considered diminishing returns? Maybe consistent ones?
Which gap do you think closes first? Gap below was partially filled on May 12. If that was capitulation may not ever close. If market continues to trade down on fears of central bank tightening into a slowdown the gap could be closed and even ones below it. The gaps on the upside I imagine get filled. Which gap gets filled first the one above or below?
107.17% angle slope. Adoption rate is currently just over 100% yearly. Causation or coincidence?
This template is what I call the playground. Bitcoiners should now return to dca from building reserves regardless of bottom is in or not. Bitcoin is undervalued and this is the time to take advantage. Tell as many friends and family as possible once again as we are in an accumulation zone until $58k. Either this model is very wrong or a lot of...
Either this model is very wrong or a lot of people are going to be very surprised. $120k+ #bitcoin Jan 2024 Adoption rate continues or something breaks. That is the lowest expectation of the model at that time. $120k+ Price is normally above the bright yellow line not on it and rarely below it.
Bitcoin has spent less than 200 days under green highlighted line. Bitcoiners should now return to dca from building reserves regardless of bottom is in or not. Bitcoin is undervalued and this is the time to take advantage. Tell as many friends and family as possible once again as we are in an accumulation zone until $58k.
Do you think it holds or breaks? Watch the close today.
Golden accumulation zone if so from now until $55k bitcoin.
Longer and potentially much lower, especially in light of current Fed policy tightening until something breaks.
When those white diagonals break while price is close to the green line the price of Bitcoin really moons. Which line breaks first the green or white?
Price spends majority of time above brightest yellow prime trend line. Observe price climbs close to the line for a period of time before entering into the next bull run. Trend lines appear more reliable when compared to 200 weekly ma for those waiting and watching for the touch.