🚀 100 consecutive days above 10k!

This is the longest Bitcoin has ever spent above the 10k level

We may never get a chance to see Bitcoin below $10,000 on the closing basis

BTC 👀

The current consolidation is very similar to what we had back in April 2019

It doesn't have to breakout exactly like that and repeat history, but what if…

MA200 has officially made an All-Time High!

This is very bullish for BTC 🚀

Look at what happened last time MA200 made ATH after a bear market

BTC entered a full-blown bull market!

So, that escalated relatively quickly 🚀

BTC skyrocketed according to my projection and hit my target 🎯

This is what a perfect call looks like

Update

🎯 Target Reached! Profit 37% without leverage

If we go higher, next target is 2.618 Fib (~ 19k)

Bitcoin had not had three positive consecutive quarters since 2017. During that year, BTC reached its all-time high at $20k following its second block reward halving in 2016

📍October has been a great month - BTC rose by 28.2%

The biggest moves on the market tend to happen in November-December

For instance, in November 2017 BTC went +54%

This month (November 2020) BTC is showing +11% so far

Excited what end of Q4 brings

​Get over $500 bonus from ByBit!

Register through my link:

https://partner.bybit.com/b/cryptobullet

Deposit needed amount of BTC & enter the voucher code WIN$500 in the Reward hub

• $50 per ≥ 0.05 BTC deposit
• $100 per ≥ 0.1 BTC deposit
• $300 per ≥ 0.5 BTC deposit
• $500 per ≥ 1.5 BTC deposit

+ $20 guaranteed coupon per any BTC deposit


It’s basically free money!🔥Hurry up


📍Bonus granted on 25th Dec

Bitcoin 90-Day Volatility has been contracting since the 20k top in December 2017

Big breakout to new all-time highs is coming!

More likely next year, but BTC can easily do it till January

BTC 4h

There’s an ascending triangle shaping up

We have a flat topside resistance at 15.8k (currently looking like a double top) and a rising support trendline (which is in line with EMA50) catching a series of higher lows

BTC was severely sold off when the funding was spiking. Right now it’s flat again

🐻 Breakage below EMA50 would ruin the bullish structure, so it’s a good point to manage your risk

🐂 To be bullish on this BTC consolidation I need to see a return to the top of the triangle. Until then we are in a no-trade zone

VET is printing an interesting bullish picture

We are in the apex of a Huge Falling Wedge

📍All it has to do is to break above EMA21, which is in line with the resistance line

Let’s zoom in

On the 4h we see an Inverse Head & Shoulders pattern

Volume is tailing off - breakout soon

ETH/USD update

Third attempt to break through the resistance cluster

🚀 ETH Moon mission is yet to start. It’s just a matter of time

#NWC recently broke out of a 70-Day downtrend

Looks good to challenge the top soon

Project has strong fundamentals as they announced they are building the most comprehensive app so far!

I can easily see this project go 10x by the end of year. Exchange - #kucoin

BTC dominance

Important moving average regained - EMA100

Next one critical - EMA200 at 67%. Right there we have a horizontal resistance as well

💡BTC.D might get rejected there again kicking off an Altcoin relief rally

🎯 BTC broke out of the Ascending Triangle just like I predicted and keeps going up nicely

💰Decent profit gained on this move

ETH breakout will blow your socks off 🚀

ETH did break out but not so violently

Only 2% gain (which is decent if using 10x leverage)

Now testing the critical Moving Average for this setup

The picture doesn’t look so good already. Breaking below this MA is bearish 🐻

​What is the floor price for Bitcoin right now?

Let’s use NVT price for identifying a fundamental floor price of Bitcoin

[ NVT is the price-earnings ratio for Bitcoin. It just looks for how much volume is going through the blockchain ]

You see the blue line - this is the NVT price. You can consider it an organic price of Bitcoin and it’s very hard to go below it, because below this price spot investors will continue to buy

We did get that slice right through the NVT price on COVID-19 crash in March (that was a derivatives driven, not a lot of coins moved on-chain at that moment)

📌 According to NVT Price the lowest bound that BTC can ever come back down to is 11.5k as of right now (anything below is a buy if we even get a chance)

But keep in mind that it’s trending up and in a month the floor will be around 13k

YFI analysis

Here’s what I’m seeing:

Giant iHead & Shoulders pattern is almost completed

Coincidentally a bunch of resistances come together in one place (at the neckline of right shoulder) right when the big move is mostly expected

Needs to break the Resistance Cluster to rally hard 🚀