long term logarithmic support trend since the first day
It seems the bitcoin have broken its descending channel out, If the bitcoin atmosphere remains good (not fake out), a huge potential may be here for TON.
Let's see what will do this coin with her support from Telegram.
Some indications the bearish market has been started: 1. The 5 waves counting is complete. 2. The historic time cycle pattern is reached the end of the bullish period. 3. The alts like ETH exiting their 2 years ascending channel. The BTC.D at the bottom needs to grow up.
As you know the hashrate of BTC network dropped significantly (50%) in recent days (started 16 April) because of stories you may heard from China. If you are familiar with BTC mining, the network difficulty is set to a value such that the mining process of a block take about 10 min. So the more the hashrate the more difficulty, but there is something maybe wrong...
As you know the hashrate of BTC network dropped significantly (50%) in recent days (started 16 April) because of stories you may heard from China. If you are familiar with BTC mining, the network difficulty is set to a value such that the mining process of a block take about 10 min. So the more the hashrate the more difficulty, but there is something maybe wrong...
The 59K is the intersection of 3 supports. Buy limit: 59300
Everything is clear in the chart! What's your idea?
If this happen it will be when the ALT total market cap reaches the point the two supports meet (within a couple of weeks). This will be nice after BTC consolidating on 8K! * The short term support line is linear and the long term one is logarithmic.
short term: neutral mid term: bearish long term: bullish (while we are in big channel)