💡The current run up is not imitating the last cycle (high of $1150 in late 2013 - the low low of $165 in 2015 - the new high of 20k in 2017), which everyone tends to compare to.
👉The current bull run feels more like 2012 - early 2013 bull run.
Look at the 2012 BTC action. We started with a very compressed accumulation band and then we drove the price sharply up unlike the really long period of accumulation that happened in 2015.
If the structure of this bull market is going to resemble 2012-2013, the first take to the 2019-2021 bull market is completed and the second act is supposed to start in the Q4 (October-December).
👉The current bull run feels more like 2012 - early 2013 bull run.
Look at the 2012 BTC action. We started with a very compressed accumulation band and then we drove the price sharply up unlike the really long period of accumulation that happened in 2015.
If the structure of this bull market is going to resemble 2012-2013, the first take to the 2019-2021 bull market is completed and the second act is supposed to start in the Q4 (October-December).
⚠️ CME BTC Futures expire today at 3 pm UTC time and settle on July 29th. May a major correction follow soon?
Also keep in mind that there are still two unfilled gaps: mid 11k range & mid 8k range.
Also keep in mind that there are still two unfilled gaps: mid 11k range & mid 8k range.
CryptoBullet
BTC is getting ready for a breakout! The price is being squeezed as well as the RSI.
False breakout to the upside and a massive dump. Nothing special for crypto trading
📉 BTC dropped by $650 within a single hourly candle. Remarkable that most of the action happened in a flash crash manner ($400 drop in 5 minutes).
If you think it's because of the IRS sending warning letters to thousands of US taxpayers across the country about cryptocurrency reporting, you are probably wrong.
🎯 All this dangerous choppy sideways action from the top is nothing more than selling an enormous position while hunting for traders' stops & liquidations.
If you think it's because of the IRS sending warning letters to thousands of US taxpayers across the country about cryptocurrency reporting, you are probably wrong.
🎯 All this dangerous choppy sideways action from the top is nothing more than selling an enormous position while hunting for traders' stops & liquidations.
Technically speaking, we are on the way to 8.5k-8k zone.
❗️The biggest concern is how obvious this level is.
In other words, you should be worried by the fact that many people are identifying the same level of support (buy zone).
💡Conclusion:
- it will just take significantly longer to get to that support zone (unlikely)
- we are going lower than the majority expects
- the price will reverse before it gets to 8.5k
❗️The biggest concern is how obvious this level is.
In other words, you should be worried by the fact that many people are identifying the same level of support (buy zone).
💡Conclusion:
- it will just take significantly longer to get to that support zone (unlikely)
- we are going lower than the majority expects
- the price will reverse before it gets to 8.5k
⚡️📰 BREAKING: A New York judge has delayed making a decision on whether Bitfinex and Tether need to turn over documents to the state Attorney General and otherwise comply with a state investigation.
90 days more to print millions of USDT
90 days more to print millions of USDT
From your point of view, what will happen to the price of Bitocoin?
Anonymous Poll
55%
The price will reverse before it gets to 8.5k
45%
The price will blast through 8-8.5k zone and find support at lower prices
NPXS: a shitcoin or a winning lottery ticket?
https://www.tradingview.com/chart/NPXSBTC/GOmcosaf-NPXS-a-shitcoin-or-a-winning-lottery-ticket/
❗️Don't forget to subscribe to our Trading View profile & press the like button. We would appreciate it.
https://www.tradingview.com/chart/NPXSBTC/GOmcosaf-NPXS-a-shitcoin-or-a-winning-lottery-ticket/
❗️Don't forget to subscribe to our Trading View profile & press the like button. We would appreciate it.
The month of July closed red interrupting a streak of green. Is that critical?
By simply looking at the Monthly chart, you can not deny that we are in a strong uptrend. For now July looks like a minor pullback. One thing that should concern you is high red volume.
By simply looking at the Monthly chart, you can not deny that we are in a strong uptrend. For now July looks like a minor pullback. One thing that should concern you is high red volume.
💭 Let's talk about something that you are probably tired of and fed up with.
We see many supposed crypto "experts" or "traders", let's call them this way, who like to declare that they are always right. Always.
First of all, it's mathematically impossible. No way you will be always right in the long run, even if you are the guru of TA or FA. Especially when we talk about TA. You have to realize that TA only says what's more likely to happen. Trading is about probabilities and money management. But let's get back to those "always winning experts".
Don't you make fun of them when they post their charts with two arrows up & down? We do. Especially after the price action when they say that they were right.
⚠️ Be cautious with these "experts. There are so many of them over the Telegram and Trading View! Do not follow their recommendations, because:
- Firstly, it's hard to figure out which direction they expect the market to go (due to their ambiguous analysis)
- Secondly, if they give an analysis, you follow it and the market goes in the opposite direction, you will lose your money, but that "expert" will write that he was right again and predicted the move perfectly.
We see many supposed crypto "experts" or "traders", let's call them this way, who like to declare that they are always right. Always.
First of all, it's mathematically impossible. No way you will be always right in the long run, even if you are the guru of TA or FA. Especially when we talk about TA. You have to realize that TA only says what's more likely to happen. Trading is about probabilities and money management. But let's get back to those "always winning experts".
Don't you make fun of them when they post their charts with two arrows up & down? We do. Especially after the price action when they say that they were right.
⚠️ Be cautious with these "experts. There are so many of them over the Telegram and Trading View! Do not follow their recommendations, because:
- Firstly, it's hard to figure out which direction they expect the market to go (due to their ambiguous analysis)
- Secondly, if they give an analysis, you follow it and the market goes in the opposite direction, you will lose your money, but that "expert" will write that he was right again and predicted the move perfectly.
Please, give us you opinion on this:
Press 👍 if you agree that ambiguous analyses are bull shit Press 👎 if you like charts with two arrows and analyses with undefined author's position
Press 👍 if you agree that ambiguous analyses are bull shit Press 👎 if you like charts with two arrows and analyses with undefined author's position
Anonymous Poll
75%
👍
25%
👎
Did you miss the bottom twice?
💡Here is our new idea on Trading View:
https://www.tradingview.com/chart/BTCUSD/oXOjFDCn-Did-You-Miss-the-Bottom-Twice/
❗️Don't forget to subscribe to our Trading View profile & press the like button. We would appreciate it.
💡Here is our new idea on Trading View:
https://www.tradingview.com/chart/BTCUSD/oXOjFDCn-Did-You-Miss-the-Bottom-Twice/
❗️Don't forget to subscribe to our Trading View profile & press the like button. We would appreciate it.
🥇 Guys, we are in the daily TOP Author List on TradingView again!
Thank you for your support! We keep rocking it together!
If you are not subscribed to our profile yet - it’s the best time to do it right now: https://www.tradingview.com/u/CryptoBullet/
Thank you for your support! We keep rocking it together!
If you are not subscribed to our profile yet - it’s the best time to do it right now: https://www.tradingview.com/u/CryptoBullet/
Since August has just started, here is an interesting observation
Historically, BTC returns in August have set the tone for the rest of the year. If August is positive, then Bitcoin for August - December is very strong. If August is negative, August - December is lackluster. This relationship doesn't seem to exist for other months.
Historically, BTC returns in August have set the tone for the rest of the year. If August is positive, then Bitcoin for August - December is very strong. If August is negative, August - December is lackluster. This relationship doesn't seem to exist for other months.
BTC Big Picture. MUST READ
https://www.tradingview.com/chart/BLX/Q0tqA8L8-BTC-Big-Picture
❗️Don't forget to subscribe to our Trading View profile & press the like button. We would appreciate it.
https://www.tradingview.com/chart/BLX/Q0tqA8L8-BTC-Big-Picture
❗️Don't forget to subscribe to our Trading View profile & press the like button. We would appreciate it.
📍Previous LTC halving occurred late August 2015 and look what happened after it. 📉 LTC experienced a prolonged 75% decrease in price.
This time in 2019 LTC started its way up and, eventually, decline earlier than in 2015. Does history repeat itself and LTC will have a marathon to the downside ? If that's the case, Litecoin is done.
💭The reward for a block has already halved + the price is dropping + BTC halving is 10 month away. Who will mine LTC in this environment?
This time in 2019 LTC started its way up and, eventually, decline earlier than in 2015. Does history repeat itself and LTC will have a marathon to the downside ? If that's the case, Litecoin is done.
💭The reward for a block has already halved + the price is dropping + BTC halving is 10 month away. Who will mine LTC in this environment?
If I gifted you, what would you rather take: $10k in BTC or $20k in any other crypto of your choice but you can't touch it for the next 5 years. What would you choose ?
Anonymous Poll
71%
Bitcoin
29%
Any other altcoin
Thanks for voting!
So, the results of this poll are very interesting not only because of the fact that the vast majority prefers Bitcoin, but mostly because we asked the same question late December 2018.
📌 Back in December we got the following results: 56% chose BTC & 44% chose Altcoins. That looked like a parity with a slight overbalance in favor of BTC.
👉 Now, 7 months later, the results are fascinating: 71% choose Bitcoin (❗️even if they are given double the money in any altcoin) & only 29% - Alts.
What a drastic change! After an insane parabolic BTC rally and prolonged Altcoin bloodbath, almost everyone wants only Bitcoin.
Look at what we wrote the day after the poll in December:
"It's important to understand that Bitcoin is the only coin you can hold for the long period of time because of the strongest fundamentals."
Now when the Alts have been consistently breaking down their vital supports and creating new lows (against Bitcoin), more people understand why Bitcoin is the King 👑 and why only Bitcoin matters long term.
So, the results of this poll are very interesting not only because of the fact that the vast majority prefers Bitcoin, but mostly because we asked the same question late December 2018.
📌 Back in December we got the following results: 56% chose BTC & 44% chose Altcoins. That looked like a parity with a slight overbalance in favor of BTC.
👉 Now, 7 months later, the results are fascinating: 71% choose Bitcoin (❗️even if they are given double the money in any altcoin) & only 29% - Alts.
What a drastic change! After an insane parabolic BTC rally and prolonged Altcoin bloodbath, almost everyone wants only Bitcoin.
Look at what we wrote the day after the poll in December:
"It's important to understand that Bitcoin is the only coin you can hold for the long period of time because of the strongest fundamentals."
Now when the Alts have been consistently breaking down their vital supports and creating new lows (against Bitcoin), more people understand why Bitcoin is the King 👑 and why only Bitcoin matters long term.