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$NWC token looks promising here on KuCoin & HitBTC

It broke out of accumulation recently and and seems like it is re-resting the prior resistance for support

Local parabola was established off the lows, and there is no evidence of its failure yet

EMA50 is in line with the parabola providing additional support

Also keep an eye on EMA21, it’s been catching the dips perfectly lately
CryptoBullet
BTC broke out of the Ascending Triangle to the upside as expected 📍It happened right after the CME Futures expiration like I was anticipating
There we go! 🚀 Huge upswing as expected

BTC
has almost reached its breakout target!

Congratulations to those who followed
Happy Bitcoin Independence Date!

It’s been 3 years since the huge event UASF to get Segregated Witness into the Bitcoin ecosystem

The User Activated Soft Fork was a successful attempt to gain independence from miner governance and central control


📌Note
August 1, 2017: 1 BTC = $2.7k
August 1, 2020: 1 BTC = $11.7k
CryptoBullet
BTC broke out of the Ascending Triangle to the upside as expected 📍It happened right after the CME Futures expiration like I was anticipating
🎯BTC reached the triangle breakout target and even exceeded 12k for a while before the flash crash

Now waiting for the weekly close
📍We’ve got a new CME gap to close: 11465-11620
QTUM/BTC had a dip into the Golden Cross between EMA50 & EMA200

Support Cluster of EMA50, EMA200 & MA200 + Strong Horizontal Support held up the price during BTC ride to 12k

QTUM looks promising here
BTC: Macro View

https://www.tradingview.com/chart/BTCUSD/AyQPhbT1-BTC-Macro-View/

❗️Guys, please, click the LIKE button. I would appreciate it
CryptoBullet
QTUM/BTC had a dip into the Golden Cross between EMA50 & EMA200 Support Cluster of EMA50, EMA200 & MA200 + Strong Horizontal Support held up the price during BTC ride to 12k QTUM looks promising here
🎯QTUM hit R1 for 12% profit after the chart was shared here

Now coming down again. Until the Support Cluster is intact, the bias on this coin is bullish
CryptoBullet
CME Gap got filled!
August 11, 2019 CME Gap got filled recently! It took almost 1 year

📍Now there is only one CME Gap left: 9925-9645
It will be filled one day, but obviously not tomorrow. It will take some time

I think that BTC dipping into 9925-9645 area will be a great buying opportunity in the long run
Bitcoin’s realized price exceeds 6k for the first time!

BTC realized price is the value of all coins in circulation at the price they last moved, in other words an approximation of what the entire market paid for their coins

📎
Market Cap = each bitcoin in circulation is multiplied by the current price

Realized Cap = each bitcoin in circulation is multiplied by the price at the time it last moved

Realized Price = realized cap / circulating supply
CryptoBullet
NWC didn’t stop on that and continued going up! 🚀 buying more #kucoin #hitbtc exchanges
NWC reached my parabolic target! 🎯

Profit 48% from the bounce area

Now we have the S/R Level 2. It is a strong horizontal that will likely bounce the price if it dips there on the first try

EMA21 is going up sharply and soon will be at S/R Level 2. It will take a while for EMA50 to get there, but it’s headed towards it

I do not rule out a small correlation, but if it happens, it will be an opportunity to buy the dip and ride it on another leg up
We are not even close to the hype that Bitcoin had in late 2017, but we are already above 11k!

Imagine what price BTC will be at when the retail FOMO like in the second half of 2017 begins

📊 According to data from Google Trends, worldwide interest in the term “buy Bitcoin” has been steadily increasing over the past 12 months period!

💡This is very similar to what we had in late 2016-early 2017 before the massive bull run
Looks like BTC is printing a bullish re-accumulation formation - Bullish Pennant at the topside resistance from the weekly timeframe

And seems like we had the same formation in May 2019

💡Just compare these two market structures and you will find out that they look very similar:

Same rejection by 0.236 Fib in both cases, same Flash Crash after a higher high (2)

And on the whole, the Fib levels have been pretty much respected by both pieces of price action

📍No major reversal until 11k is broken, but going below 0.236 Fib (11.4k) on the closing basis would be concerning for the bulls
CryptoBullet
BTC: Macro View https://www.tradingview.com/chart/BTCUSD/AyQPhbT1-BTC-Macro-View/ ❗️Guys, please, click the LIKE button. I would appreciate it
BTC

We’ve got the Highest Weekly Close since January 2018!

💭I think overall we are gearing up for 1.618 Fib (13.7k) extension
📍CME Gap got filled on the flash crash!