peacefuljustin

peacefuljustin

Everybody's favorite Unicorn in Cryptocurrency. Like most of the other alt-coins we've been hitting major resistance levels before the next major step-up. We formed a short term horizontal channel so we're moving sideways a bit. We'll see how long this holds. Once we break this resistance level of $31.30 we will be grinding towards re-testing all time highs in the...

peacefuljustin

I've had a simple investors thesis when investing in cryptocurrency since 2017. I've always judged the growth of cryptocurrency by the growth of the market cap. The more money that comes into cryptocurrency the more prices will appreciate (certain cryptocurrencies of course). The more money that comes in the more innovation, use case, public interest, and...

peacefuljustin

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...

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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...

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Bitcoin is a wild stallion that cannot be tamed. I believe if it wasn't for the positivity and confidence about Bitcoin that came out of the B-Word conference we may of continued down a path below $30,000 making a stronger case for the bears. The B-Word conference has definitely lightened the extremely negative sentiment brewing throughout the space. Even the tone...

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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...

peacefuljustin

As I've been saying. The best case scenario for Bitcoin during these upcoming months is to hold and stay above the crucial $30,000 level of support. Our worse case scenario is having daily and weekly candle closes below $30,000. Looking at the monthly chart we're approaching bearish divergence on the MACD and most likely will diverge. The question is can $30,000...

peacefuljustin

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...

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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...

peacefuljustin

I 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...

peacefuljustin

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...

peacefuljustin

Just looking at Helium's (HNT) chart through the "Elongate FUD Crash" indicates this is a strong project. Helium has held up well through Elongate and will continue to grow in network as we have the first major halving coming up in August. Unlike most cryptocurrencies Helium is a very user-friendly miner oriented community were many users of the network are also...

peacefuljustin

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...

peacefuljustin

Internet Computers chart is looking very very juicy from a technical standpoint. A front page cryptocurrency in the top 11, has Coinbase listing, has over a $10 Billion market, was recently dumped, and now going sideways. These kinds of chart setups don't come too often, usually after a cryptocurrency is released, pumped, dumped, then flatlined. It' seems like...

peacefuljustin

Big weekend ahead for Vechain and the of the cryptocurrency market. We have very important resistances to break the first being $0.14 cents for Vechain. As of right now we're at the doorsteps of retesting it. If we fail to break this we may have choppy waters ahead potentially going back down to below $0.10 cents in a worse case scenario but good if you want to...

peacefuljustin

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...

peacefuljustin

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...

peacefuljustin

Interesting 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...