CryptoBullet
LTC/BTC: on the daily chart there is a descendent triangle - bearish formation at the low. Is there something bullish about LTC?
🎯 LTC/BTC first target reached!
On Dec. 6th we mentioned that LTC was in trouble as the hashrate had been dropping significantly and the price formed a nasty descending triangle at the low, which indicated a continuation to the downside. And we got it! LTC broke down the descending triangle and met our first target!
On Dec. 6th we mentioned that LTC was in trouble as the hashrate had been dropping significantly and the price formed a nasty descending triangle at the low, which indicated a continuation to the downside. And we got it! LTC broke down the descending triangle and met our first target!
💭 2019 has been a complete outlier in terms of market structure for Bitcoin. Why?
💡One of the primary factors was the Plus Token scam happening in China, which was a major Ponzi scheme. First two quarters of the year it subtracted a lot of the circulating supply of Bitcoin in the market and also created an artificial FOMO coming from Asian buyers that wanted to get into the scam. And then right after the stars of 3rd quarter they started to dump on the market, which created an immense selling pressure on the market.
[ Interestingly, users started reporting delays in fund withdraws on June 30th and the date on which the Plus Token started dumping their coins was within about a week at the top of 13k ]
📌So, apart from natural selling coming from miners, we had about 1.3k BTC per day on average as an additional selling pressure in the market, which broke the structure of the market.
💡One of the primary factors was the Plus Token scam happening in China, which was a major Ponzi scheme. First two quarters of the year it subtracted a lot of the circulating supply of Bitcoin in the market and also created an artificial FOMO coming from Asian buyers that wanted to get into the scam. And then right after the stars of 3rd quarter they started to dump on the market, which created an immense selling pressure on the market.
[ Interestingly, users started reporting delays in fund withdraws on June 30th and the date on which the Plus Token started dumping their coins was within about a week at the top of 13k ]
📌So, apart from natural selling coming from miners, we had about 1.3k BTC per day on average as an additional selling pressure in the market, which broke the structure of the market.
What do you think about XRP ?
Final Results
58%
It's a shitcoin (outright scam)
42%
It's a blue chip (great investment)
CME Futures are expiring in 2 hours
📌Here is an important point: these are half-yearly Futures and they were opened on July 1, near the top and right at the beginning of the downtrend.
📌Here is an important point: these are half-yearly Futures and they were opened on July 1, near the top and right at the beginning of the downtrend.
XRP
https://www.tradingview.com/chart/XRPBTC/GflKDrvy-XRP/
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https://www.tradingview.com/chart/XRPBTC/GflKDrvy-XRP/
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As we wrap up 2019, let's make some kind of BTC price prediction for the upcoming year
When do you think BTC will break its all-time high (20k)?
Final Results
38%
2020
36%
2021
13%
2022
14%
2023
What do you think the price of Bitcoin will be by the end of 2020?
Final Results
15%
3k-6k
22%
7k-10k
26%
11k-15k
37%
15k+
2019 is coming to an end. What a year it has certainly been!
Guys, we would like to express our sincere gratitude to you for your being part of CryptoBullet channel.
We are happy to unite best people in crypto and we will continue to do our best to navigate you. The next year in this space is going to be absolutely fascinating!
🎄Wishing you all the best in 2020!
Guys, we would like to express our sincere gratitude to you for your being part of CryptoBullet channel.
We are happy to unite best people in crypto and we will continue to do our best to navigate you. The next year in this space is going to be absolutely fascinating!
🎄Wishing you all the best in 2020!
What a start of the year for Bitcoin!
Look at the hash rate. On the first day of 2020 BTC hash rate hit a new all-time high! That is impressive
Dec. 17, 2017: BTC price - $19.6k
Hash Rate - 14,630,524 TH/s
Jan. 1, 2020: BTC price - $7.2k
Hash Rate - 119,353,780 TH/s
💡The hash rate is incredible, because from the all-time high of 20k to today the hash rate is up more than by 700%. Could you think of anything more fundamentally bullish for BTC than the hash rate being 700% more than it was at BTC all-time high?
Look at the hash rate. On the first day of 2020 BTC hash rate hit a new all-time high! That is impressive
Dec. 17, 2017: BTC price - $19.6k
Hash Rate - 14,630,524 TH/s
Jan. 1, 2020: BTC price - $7.2k
Hash Rate - 119,353,780 TH/s
💡The hash rate is incredible, because from the all-time high of 20k to today the hash rate is up more than by 700%. Could you think of anything more fundamentally bullish for BTC than the hash rate being 700% more than it was at BTC all-time high?
BTC: Monthly Outlook
https://www.tradingview.com/chart/BTCUSD/V8O9a8D8-BTC-Monthly-Outlook/
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https://www.tradingview.com/chart/BTCUSD/V8O9a8D8-BTC-Monthly-Outlook/
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Decisive move is coming for NEOBTC
The price is being squeezed between EMA200 & EMA100. These MAs have been pretty relevant and acted as strong support/resistance. Also pay attention to the trendlines - breakout is close.
The range is getting extremely tight. Volume declining. Be ready
The price is being squeezed between EMA200 & EMA100. These MAs have been pretty relevant and acted as strong support/resistance. Also pay attention to the trendlines - breakout is close.
The range is getting extremely tight. Volume declining. Be ready
BTC: There Is So Much Resistance
https://www.tradingview.com/chart/BTCUSD/N6VAMtce-BTC-There-Is-So-Much-Resistance
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https://www.tradingview.com/chart/BTCUSD/N6VAMtce-BTC-There-Is-So-Much-Resistance
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BTC: Wyckoff Accumulation Confirmed! Important BTC update
https://www.tradingview.com/chart/BTCUSD/hOSmUMbh-BTC-Wyckoff-Accumulation-Confirmed/
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https://www.tradingview.com/chart/BTCUSD/hOSmUMbh-BTC-Wyckoff-Accumulation-Confirmed/
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BTC: Bulls, Do Not Get Overexcited! MUST READ
https://www.tradingview.com/chart/BTCUSD/FZyz3pKV-BTC-Bulls-Do-Not-Get-Overexcited
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https://www.tradingview.com/chart/BTCUSD/FZyz3pKV-BTC-Bulls-Do-Not-Get-Overexcited
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BTC weekly
The weekly close is important, because we are probably going to close the weekly candle above the MA50, which is a pretty good sign.
📌Now the EMA21 is the challenge, as well as the MA20.
The channel is drawn in the most conservative fashion, so the resistance is not broken yet (which is pretty much in line with what we see on the daily)
The weekly close is important, because we are probably going to close the weekly candle above the MA50, which is a pretty good sign.
📌Now the EMA21 is the challenge, as well as the MA20.
The channel is drawn in the most conservative fashion, so the resistance is not broken yet (which is pretty much in line with what we see on the daily)
A multi hundred dollar move is ahead for Bitcoin
📌Notice how the Ichimoku Cloud still keeps the price inside and now we are pretty much close to the decisive move.
⚠️Right now the Cloud resistance is in line with the EMA200. If Bitcoin breaks above EMA200, we can look for a continuation towards 9k where we have MA200.
📌Notice how the Ichimoku Cloud still keeps the price inside and now we are pretty much close to the decisive move.
⚠️Right now the Cloud resistance is in line with the EMA200. If Bitcoin breaks above EMA200, we can look for a continuation towards 9k where we have MA200.
