UnknownUnicorn3394555

UnknownUnicorn3394555

Hello traders and investors. Here’s a quick market update on BTC: USD.Since the halving event BTC had bounced between 10000-9000 range for basically two months now. Logically, where we see long periods of consolidation in a range like this, it usually means that a breakout in either direction is coming.We had a similar scenario like this in 2016, after the halving...

UnknownUnicorn3394555

Hello traders and investors. The bitcoin hash rate has been recovering nicely since the miners purge – now crossing 100mTH pushing up towards 110mTH level. The difficulty looks healthy as-well, according the data from Bitcoin Difficulty Estimator, we should be seeing an increase anywhere between +10.14% to +18% with the next adjustment. This looks great in...

UnknownUnicorn3394555

Hello traders and investors, here’s another breakdown of BTC:USD. Fundamentally, we haven’t changed much, with all that protesting and riots that are going down in the US, the markets are still looking pretty good. The BTC difficulty is settled at around -9% - which is weird as the BTC price is still holding above 9500. We are in a situation where technical...

UnknownUnicorn3394555

Hello traders and investors, Things are not looking good fundamentally with BTC, as the so called “miner’s purge” that we’ve been talking about for the last few weeks is still going on, and as of right now the areas where Bitcoin mining is heavily concentrated is at risk of being shut down. As if this is not enough, another thing that adds a tremendous amount of...

UnknownUnicorn3394555

Hello traders and investors, here’s a weekly recap on BTC: USD Fundamentally, we have a big difficulty adjustment recently, a big drop of -18% recently an another one coming up at -7%. That’s a big drop which comes as a result of miner’s dropping out. So Who’s dropping out? As covered in previous articles, the majority of the miners are unprofitable with the BTC...

UnknownUnicorn3394555

Hello traders and investors, This week we anticipated one of the biggest event of Bitcoin, the halving. As mentioned on our previous article the BTC reward reduction is having a significant effect on the hash rate as it fell from 135mTH/s on the day of halving to 125 mTH/s, an 8% decrease. This can be explained with one thing – Miner’s purge. A ton of miners...

UnknownUnicorn3394555

It is always a debate on what Bitcoin will do in terms of pricing for a halving event. Some people believe that the halving is already priced in by the market and thus there's no expectation for the price to do anything. Others believe that due to price equilibrium, a halving of supply should cause an increase in price if demand for Bitcoins is equal or greater...

UnknownUnicorn3394555

Hello. Here’s a recap on whats going on with BTC:USD pair on the weekly and daily timeframe. As you may know, we’ve been forming green candles after green candles on the weekly for quite some time now, with this week’s candle being the strongest of them all, breaking through the 7700 resistance and taking the price all the way up to 9500. Now as you can see...

UnknownUnicorn3394555

Hello. Here’s a quick recap on BTC USD on weekly and daily time frame. First things first it looks it like our last week’s analysis was on point, we have indeed reversed back to the 6500 level, to retest that previous support before continuing the upside trend. On the daily time-frame you can see that we’ve finally broken the previous higher-high located at 7600...

UnknownUnicorn3394555

Hello traders, here’s quick recap on BTC USD pair. Starting off with the daily time-frame, as you can see that we’ve been moving in waves since taking off from the 3000 level we’ve been breaking resistance after resistance and forming new levels of support all the way up to 7000 resistance.As you can tell by the pattern, this week has been a bit different from...

UnknownUnicorn3394555

Hello trader’s, here’s a market breakdown on Bitcoin : US Dollar . We’ll be starting this analysis with the weekly time-frame and we’ll be dropping down to a daily time-frame. As you can see, this week’s candle reached our target of 7500 that was covered on our earlier analysis that resulted with a slight reversal back below 7100 resistance, that has acted as a...

UnknownUnicorn3394555

Hello traders, here's another breakdown of BTC : USD on both weekly and daily time-frame. If you have already checked our previous analysis on this pair you can tell that that the market is still moving in sync with our analysis. Starting with the weekly time-frame BTC is struggling to break above the 6960 support now turned resistance - which has been tested...

UnknownUnicorn3394555

Hello traders, here’s another breakdown of BTC : USD on a weekly and daily timeframe. Starting off with the weekly timeframe you can see that this week’s candle is further confirming our analysis from last week - the bulls are not ready just yet. You can see that the start of this week resulted with a rally to the 7000 level however throughout the week as we...

UnknownUnicorn3394555

Hello, traders and investors here’s another breakdown of BTC: USD on a weekly time-frame. Starting it with a small recap, the previous weekly candle took us from the likes of $8000 all the way down to $4000. The market is currently moving in sync with our previous analysis, if you checked them you already know that we’ve been waiting for weeks for a retest of the...

UnknownUnicorn3394555 Updated 

Hello traders, here’s a quick market update on BTC:USD on a weekly time-frame. As you can see the long awaited 6,000 region has been finally filled, if you have followed us for some time you know that we have been covering this since January 2020 even though BTC was being traded at 10,000 at that time. Looking at the chart you can tell that this weeks candle has...

UnknownUnicorn3394555

Hello traders, here's a market breakdown of BTC : USD on the weekly time-frame. If you checked our XRP:USD analysis you can already tell we have a similar situation with Bitcoin. BTC absolutely rocketed from the 6500 level all the way up to 10500 during the bullish rally that we anticipated this January. Since reaching the 10500 level BTC has been consolidating...

UnknownUnicorn3394555

Hello traders, Here's a market breakdown of XRP : USD on the weekly time-frame. The start of 2020 was marked by massive growth in the crypto market, with XRP being one of the most volatile altcoins of the market - rocketing from .19 cents all the way up .35 cents. This movement resulted with a massive spike, but unfortunately the price reversed and closed back...

UnknownUnicorn3394555

Hello traders, here we are again with another market breakdown. We finally got some stability on the market after the ongoing conflict between USA and Iran where it was almost impossible to analyze, predict or trade any market movement. Now as you can see we did have a pretty good spike to the 9500-9600 level that was covered on the previous article. This level...