CryptoBullet
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CryptoBullet
LTC update: post-halving syndrome On Aug. 5 (the day of LTC halving) we mentioned that LTC can have some issues after the halving like in 2015. Right now LTC is playing with dangerous numbers by testing that horizontal level. This picture does not look…
LTC update

Like I said back in December, breakdown of that horizontal line was disastrous for the price

πŸ“‰ LTC fell down by more than 30% since then

But after the darkest night comes the brightest dayβ˜€οΈ
Average BTC Transaction Fee rose by 280% this month
(However still lower than the value of May 20th)

Fees typically spike with higher network usage and given Bitcoin's recent rally above $11k
The longer it takes for BTC to kick off the bull run, the higher the top will be!

Currently this model projects the BTC top at $76.9k πŸš€
BTC update

When you consolidate for a long time, which we did, and volatility gets really low, which it did, then the following move is expected to be very significant and I would expect the first consolidation to be a re-accumulation phase

πŸ’‘I am viewing the current relatively small consolidation as a nice Ascending Triangle which has more chances to break out to the upsideπŸ“ˆ
CME BTC Futures (BTCN20) expiring in ~1 hour!

πŸ“These are the Half Yearly Futures and they were launched on Feb. 3

Expecting some volatility since BTC is consolidating & getting ready for a breakout
$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 πŸ“It happened right after the CME Futures expiration like I was anticipating
There we go! πŸš€ 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


πŸ“ŒNote
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 πŸ“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
πŸ“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

πŸ“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