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 🚀

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

💡I am viewing the current relatively small consolidation as a nice Ascending Triangle which has more chances to break out to the upside📈

CME BTC Futures (BTCN20) expiring in ~1 hour!

📍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

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

🎯BTC reached the triangle breakout target and even exceeded 12k for a while before the flash crash

Now waiting for the weekly close

NWC perfectly bounced off of the area I expected it to happen!

🎯Bounce target got swiftly reached! Profit 29%!

📍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

NWC didn’t stop on that and continued going up! 🚀

buying more #kucoin #hitbtc exchanges

Update

🎯Target Reached! Profit 30% without leverage

CME Gap got filled!

🚀 XRP is 44% up since I called it!

I hope you took advantage of this free recommendation and made some profit

🎯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

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

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