The Bitcoin Price Is Crumbling: Here’s How to Profit

Share your long-term Bitcoin charts here

Here are two good long-term charts:
Now show me yours :)
submitted by coinwatcher to BitcoinMarkets [link] [comments]

On the CME futures market

So lot's of stuff going on regarding the CME market, and it seems a lot of disnfomation, figured I'd get my thoughts out there on the CME.
In my opinion, the CME market is pretty near unambiguously bullish. As in, there's a ton of positives and very little negatives. I've heard the arguments against, and it generally boils down to: shorters and manipulators.
Manipulation of the type many seem to talk about happens far less often then they think. Yes, a small market like a thinly traded alt coin or a penny stock on the pink sheets may be able to be purely manipulate by a single entity (or small group of collaborators). While Bitcoin is much smaller market then more mature markets like gold, oil, or stocks, it's still far too big for this kind of manipulation. It's not like there's a Secret Whales Club where all the whales get together and plot their nefarious shorting strategies. Could a whale enter a massive short and hope to profit? Sure, they could. But another whale (or just the collective action of the market) could just as easily have other ideas and despite the whales best efforts, price still rises, thus wiping out the unfortunate whale. And when this whale covers their huge short in a haste, we would expect to see huge rallies as the whale buys in a panic to cover their short. Whales get their asses handed to them by the markets just as often as everyone else. They just tend to lose more. There is no magicical ability for whales to remove their risk in the markets. Doesn't matter if you put $1 or $1 billion into a market, once you do it, you're subject to the same market forces as everyone else, and if you make a bad bet, you're going to get your teeth kicked in, just like everyone else. Markets are a great equalizer. It's just as happy to crush a plumber as it is a billionaire.
So sure, in theory, the possibility for this kind of manipulation exists. But it's just as likely it will fail (shorting a security in the midst of an extremely powerful multi year bull market isn't really a sound strategy)and if it fails, the whales panic covering will propel Bitcoin to even higher highs.
And of course, the same argument would apply to the other side. WE're all so worried about bogeymen manipulating the price down, but why couldn't they manipulate it up? That seems just as likely.
In any case, since we have no idea if this sort of thing is happening, since we would have no idea how to determine if it was, since it's questionable if it would even be successful, and since it's just as likely to be down to the upside as it is to the downside, the only rational thing to do is just discount this whole line of thinking as both unlikely and irrelevant. In theory, any market could be manipulated. If that's a major concern for you, you probably wouldn't be invested in anything. Just keep your money in the bank and enjoy that sweet sweet 0.015% interest rate. This sort of trade exists mostly in the minds of frustrated retail traders and not in the real world. Not because these people wouldn't do it if they thought they could get away with it, of course they would. It's that it's dumb, unlikely to work, and massively risky. THAT'S why it's not done in any significant way.
And if you're sitting there thinking about "but how does he explain how the gold market is manipulated" let me stop you right there. My type of analysis isn't for you. I don't subscribe to unproven conspiracy theories (i.e. gold market manipulation by globalist cabals, fraudulent Tethers etc) and I don't entertain ppl who do. If you have facts or hard data on the manipulation of the gold market or fraudulent Tether creation, by all means, post it below and we can analyze it. But if you want to be a successful trader you need to deal with facts, data, and objective reality. One of the primary reasons why the "little guy" tends to get crushed in the markets more often then not is that this type of trader is disproportionately likely to based their trading on conspiracy theories and other misinformation. This will get you killed. A good rule of thumb, if you heard about something on Zero Hedge or Info Wars, or any other similar source, it's almost certainly bullshit.
In addition, the bigger a market is, the harder it is for any single entity or cabal to manipulate it with predatory practices. Thus, any even that increases the size of the market will, by default, REDUCE the likelihood of it being manipulated.
As far as the concern about shorters, this is a little more valid in the sense that it actually does happen. That said, I think lots of people fundamentally misunderstand how important shorters are to a healthy, functioning market. They are an essential part of the price discovery mechanism, and making it easier to short something is a good thing and not a bad thing.
For one, shorters reduce volatility, and very often can prevent catastrophe, but the very act of cooling down an overheated market. Anybody who read The Big Short knows how difficult it was to short the subprime housing market in the mid 2000's. I don't think it's coincidence that subprime became such a massive bubble. I don't believe for a second that the 3 guys featured in TBS were the only 3 who saw this coming and wanted to short housing. I'm sure there were tons of ppl who saw it. The book documents how difficult it was to short. Would the subprime bubble have happened if there was a much easier way to short it (say, a bearish ETF or something)? Probably. But it's also very likely it wouldn't have been so painful because if shorters were allowed to do their thing, the bubble probably wouldn't have gotten so big in the first place. Shorters act as a relief valve on overheated markets, and this tends to reduce volatility and bring stability to markets.
In addition to this crucial service, shorters also provide another essential service by providing liquidity during corrections, bear markets and other sharp downturns. When the panic selling hits and all of a sudden the bulls are nowhere to be found, oftentimes the only people buying are shorts taking profits and covering their positions. This tends to make corrections less severe then they otherwise be, and end quicker then they otherwise would. So shorts aren't something to be feared. They keep markets from going up too far too fast (which tends to reduce the big corrections that Bitcoin is known for) and when markets DO correct, they tend to make for a softer landing.
Just look at the short interest over the recent big corrections, on November 13, and the most recent one, around November 29.
https://ibb.co/bC4PNw
The recent fall was around 25% and the November 13 correction was almost 40%. The most recent one saw shorters buy 10,000 coins during the correction to close their positions, and the November 13 one saw almost 15,000 during that correction. Those are massive numbers. How much more would the correction have been if those shorters weren't buying then? 50%? 60%? Obviously it's impossible to quantify. It would have been much worse without them though.
So, although it may be counter intuitive, allowing shorters easier access to the market is actually a positive for Bitcoin. I wouldn't call it "bullish" exactly, but I would definitely call it "healthy". Which can indirectly be bullish. A more stable, less volatile market with more steady gains and less huge corrections will likely, over time, attract more users who otherwise wouldn't be interested in it.
So we've looked at the two main worries, shorting, and manipulation. On the manipulation side, the CME market will make the overall BTC market bigger, which actually REDUCES the risk of manipulation. That risk still exists on some level, I guess, but it will be less after the 18th then it is before it, so this is not a valid concern. And as far as shorting, shorters are a crucial part of healthy price discovery, and we should be happy that more ppl will be able to short with this market. Not to mention that shorting is still niche trading behavior. MOST investors (and even many traders) will never short as a rule, preferring to be long only. Investors tend to have a bull bias as well. And traders are inherently trend followers as a group. Considering Bitcoin is still in a powerful multi year bull market, it is almost a certainty that the futures market will bring in much more buyers then sellers. CME traders aren't idiots. They're not going to look at the long term Bitcoin chart and be like "yeah, gonna short this insane bull market". They're far more likely to be like "wow, now THIS is a bull market. Time to buy!"
So of all the concerns I'm hearing, none really worry me. On the bull side, you've got vastly increasing the universe of potential buyers which I fully expect will keep the long term bull rally in good shape. You've got the decreased volatility that will come with increased volume. You've got the increased brand awareness and prestige that comes with being listed on a major global financial exchange, crucial for building the credibility of Bitcoin into a mature, world class asset. Too many ppl today think Bitcoin is still a Wild West where anything goes. Things like this will go a long way to reducing that perception. And finally, the CME market is the precursor to a Bitcoin ETF, which will cause this thing to fucking explode. If the CME market will increase the universe of potential buyers significantly, an ETF will increase it exponentially.
All in all, I don't believe the CME market is anything else but unambiguously bullish. I cannot think of a single valid concern that is actually a problem.
I'm sure I'm missing a few other concerns, but if they get posted in the questions below I'll add them up here and try to address them. If I agree that they're valid concerns, I'll say so.
submitted by BTCrob to btc [link] [comments]

Risk Adjusted Returns vs. Other Assets - A long term bullish bitcoin chart

Risk Adjusted Returns vs. Other Assets - A long term bullish bitcoin chart submitted by pcvcolin to Bitcoin [link] [comments]

11-28 04:03 - 'This bullish long-term chart shows why Bitcoin is the epitome of "OK Boomer".' (self.Bitcoin) by /u/TheGogglesDoNothing_ removed from /r/Bitcoin within 931-941min

'''

[link]1
'''
This bullish long-term chart shows why Bitcoin is the epitome of "OK Boomer".
Go1dfish undelete link
unreddit undelete link
Author: TheGogglesDoNothing_
1: prev*ew*re*d*it/pxgah0l**8141.**g?width=*60&*ormat*p**&a*p;*ut*=webp&**p;s=*e*9f78e8*f66e9c99*1*b*7ce*67*dc1e**0**9
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Bitcoin is breaking up on daily chart- long term down trend could be over !!!!!

Bitcoin is breaking up on daily chart- long term down trend could be over !!!!!
We are finally breaking up from this long term down trend on #bitcoin . See Blue Chart (bottom chart) . If we confirm on daily then the down trend is over. See also the regular chart( top chart ) it does not show that trend . Only Blue Charts give you that information www.chart.blue
https://preview.redd.it/wmgmb492dwv21.jpg?width=1949&format=pjpg&auto=webp&s=74ae25c5d6b40d982d6101b2b28eeb71f42d713b
submitted by mark-blue to Bitcoin [link] [comments]

DataDash – Bitcoin Preparing For The Next Rally | The Long-Term Chart Is Repeating History

DataDash – Bitcoin Preparing For The Next Rally | The Long-Term Chart Is Repeating History submitted by Yanlii to cryptovideos [link] [comments]

Bitcoin Cash - The road to 10k. Long-Term chart and analysis (on yours.org)

https://user-images.githubusercontent.com/26960314/40053724-09c217fc-5860-11e8-864c-df0eb5930eac.png
This and other articles (updated today) regarding TA+FA on BCH on yours.org https://www.yours.org/@imkeshav
Hello guys.
I've been in this crypto space since last September . I was fascinated by bitcoin and blown-out by the price hike. Soon after I invested in BTC, BCH, ETH, XRP. The more I started reading about Bitcoin and the economics behind it, the more sense it made.
But the scaling debate did not make sense in terms of the price. BCH was the same and supposed to solve all the fee problems that BTC had. Moreover, my hero, Roger was a strong supporter.
On a hunch, and with some help of great mentors in Technical Analysis at that time, I felt BCH at $400/$300 was the massively undervalued. I missed the bus in 2017 beginning felt like I got a second chance to buy bitcoin below $1000.
Meanwhile I started using (now realize it is rare to do so) crypto for real world things - I bought hardware wallets using Bitcoin, sent donations to the TAs who helped make me money and the best was stumbling upon yours.org. For the first time in more than a decade of usage of Internet I actually paid to read something. This was a phenomenal use case for crypto and BCH (I was not very impressed with steemit).
To continue the experiment of using BCH for real life - I started writing articles on BCH analysis and put enough stuff in the free and paid section of my articles.
I did this because it helped me open up my mind to the potential investment opportunity in BCH even more after using/paying it for real life things, and I hoped others will see the same instead of just speculating or moving crypto between exchanges.
A wonderful thing happened to me - People started paying to read my articles and I was earning crypto. It was always a dream to get paid to write, but imagined it was very hard. Yours.org and BCH made this possible.
Similar to yours.org, there are so many cool things like tipprbot, memo.cash, blockpress, coinText - I would be really surprised if someone used them and did not appreciate Bitcoin (cash). I remember one BTC troll commenting on twitter, where I asked for hehis BCH address and to her utter surprise, I sent her $5. She/Him was really grateful to me, but later deleted the tweet https://twitter.com/imkeshav/status/941206061125582848 Anyway, long story short, I went all in BCH at end of October and after that there was no turning back (I still find it very hard to diversify)
https://www.yours.org/content/how-i-stumbled-onto-bitcoin-cash-and-invested-early-in-the--greatest-b-666abeefc085
Because of this experience and the TA that I learnt, I had an opportunity to present in a local conference for first time investors https://twitter.com/imkeshav/status/935557786728984576
Based on that feedback from there, I started writing more articles on Technical Analaysis and Fundamental Analysis/Strategy on yours.org and the feedback through BCH has been awesome.
I would love if you guys can read through them and share your feedback. I did not do this earlier because this subreddit always felt like a battlefield and I was uncomfortable about being relentlessly trolled by core fanatics
But I now realized (very late), yours.org is troll-free because 1) I can set a comment fee 2)and they have to use BCH to troll my articles. So even if they troll I/We win ;-)
Another reason to post now is that I see the bashing Roger gets and still he does not hesitate/stop. I could do this at least.
Please let me know if this subreddit is not a place for this kind of content (TA on BCH) as I don't see anyone else posting. Thanks for your patience.
submitted by imkeshav to btc [link] [comments]

[uncensored-r/BitcoinMarkets] On the CME futures market

The following post by BTCrob is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ BitcoinMarkets/comments/7h32j3
The original post's content was as follows:
So lot's of stuff going on regarding the CME market, and it seems a lot of disnfomation, figured I'd get my thoughts out there on the CME.
In my opinion, the CME market is pretty near unambiguously bullish. As in, there's a ton of positives and very little negatives. I've heard the arguments against, and it generally boils down to: shorters and manipulators.
Manipulation of the type many seem to talk about happens far less often then they think. Yes, a small market like a thinly traded alt coin or a penny stock on the pink sheets may be able to be purely manipulate by a single entity (or small group of collaborators). While Bitcoin is much smaller market then more mature markets like gold, oil, or stocks, it's still far too big for this kind of manipulation. It's not like there's a Secret Whales Club where all the whales get together and plot their nefarious shorting strategies. Could a whale enter a massive short and hope to profit? Sure, they could. But another whale (or just the collective action of the market) could just as easily have other ideas and despite the whales best efforts, price still rises, thus wiping out the unfortunate whale. And when this whale covers their huge short in a haste, we would expect to see huge rallies as the whale buys in a panic to cover their short. Whales get their asses handed to them by the markets just as often as everyone else. They just tend to lose more. There is no magicical ability for whales to remove their risk in the markets. Doesn't matter if you put $1 or $1 billion into a market, once you do it, you're subject to the same market forces as everyone else, and if you make a bad bet, you're going to get your teeth kicked in, just like everyone else. Markets are a great equalizer. It's just as happy to crush a plumber as it is a billionaire.
So sure, in theory, the possibility for this kind of manipulation exists. But it's just as likely it will fail (shorting a security in the midst of an extremely powerful multi year bull market isn't really a sound strategy)and if it fails, the whales panic covering will propel Bitcoin to even higher highs.
And of course, the same argument would apply to the other side. WE're all so worried about bogeymen manipulating the price down, but why couldn't they manipulate it up? That seems just as likely.
In any case, since we have no idea if this sort of thing is happening, since we would have no idea how to determine if it was, since it's questionable if it would even be successful, and since it's just as likely to be down to the upside as it is to the downside, the only rational thing to do is just discount this whole line of thinking as both unlikely and irrelevant. In theory, any market could be manipulated. If that's a major concern for you, you probably wouldn't be invested in anything. Just keep your money in the bank and enjoy that sweet sweet 0.015% interest rate. This sort of trade exists mostly in the minds of frustrated retail traders and not in the real world. Not because these people wouldn't do it if they thought they could get away with it, of course they would. It's that it's dumb, unlikely to work, and massively risky. THAT'S why it's not done in any significant way.
And if you're sitting there thinking about "but how does he explain how the gold market is manipulated" let me stop you right there. My type of analysis isn't for you. I don't subscribe to unproven conspiracy theories (i.e. gold market manipulation by globalist cabals, fraudulent Tethers etc) and I don't entertain ppl who do. If you have facts or hard data on the manipulation of the gold market or fraudulent Tether creation, by all means, post it below and we can analyze it. But if you want to be a successful trader you need to deal with facts, data, and objective reality. One of the primary reasons why the "little guy" tends to get crushed in the markets more often then not is that this type of trader is disproportionately likely to based their trading on conspiracy theories and other misinformation. This will get you killed. A good rule of thumb, if you heard about something on Zero Hedge or Info Wars, or any other similar source, it's almost certainly bullshit.
In addition, the bigger a market is, the harder it is for any single entity or cabal to manipulate it with predatory practices. Thus, any even that increases the size of the market will, by default, REDUCE the likelihood of it being manipulated.
As far as the concern about shorters, this is a little more valid in the sense that it actually does happen. That said, I think lots of people fundamentally misunderstand how important shorters are to a healthy, functioning market. They are an essential part of the price discovery mechanism, and making it easier to short something is a good thing and not a bad thing.
For one, shorters reduce volatility, and very often can prevent catastrophe, but the very act of cooling down an overheated market. Anybody who read The Big Short knows how difficult it was to short the subprime housing market in the mid 2000's. I don't think it's coincidence that subprime became such a massive bubble. I don't believe for a second that the 3 guys featured in TBS were the only 3 who saw this coming and wanted to short housing. I'm sure there were tons of ppl who saw it. The book documents how difficult it was to short. Would the subprime bubble have happened if there was a much easier way to short it (say, a bearish ETF or something)? Probably. But it's also very likely it wouldn't have been so painful because if shorters were allowed to do their thing, the bubble probably wouldn't have gotten so big in the first place. Shorters act as a relief valve on overheated markets, and this tends to reduce volatility and bring stability to markets.
In addition to this crucial service, shorters also provide another essential service by providing liquidity during corrections, bear markets and other sharp downturns. When the panic selling hits and all of a sudden the bulls are nowhere to be found, oftentimes the only people buying are shorts taking profits and covering their positions. This tends to make corrections less severe then they otherwise be, and end quicker then they otherwise would. So shorts aren't something to be feared. They keep markets from going up too far too fast (which tends to reduce the big corrections that Bitcoin is known for) and when markets DO correct, they tend to make for a softer landing.
Just look at the short interest over the recent big corrections, on November 13, and the most recent one, around November 29.
https://ibb.co/bC4PNw
The recent fall was around 25% and the November 13 correction was almost 40%. The most recent one saw shorters buy 10,000 coins during the correction to close their positions, and the November 13 one saw almost 15,000 during that correction. Those are massive numbers. How much more would the correction have been if those shorters weren't buying then? 50%? 60%? Obviously it's impossible to quantify. It would have been much worse without them though.
So, although it may be counter intuitive, allowing shorters easier access to the market is actually a positive for Bitcoin. I wouldn't call it "bullish" exactly, but I would definitely call it "healthy". Which can indirectly be bullish. A more stable, less volatile market with more steady gains and less huge corrections will likely, over time, attract more users who otherwise wouldn't be interested in it.
So we've looked at the two main worries, shorting, and manipulation. On the manipulation side, the CME market will make the overall BTC market bigger, which actually REDUCES the risk of manipulation. That risk still exists on some level, I guess, but it will be less after the 18th then it is before it, so this is not a valid concern. And as far as shorting, shorters are a crucial part of healthy price discovery, and we should be happy that more ppl will be able to short with this market. Not to mention that shorting is still niche trading behavior. MOST investors (and even many traders) will never short as a rule, preferring to be long only. Investors tend to have a bull bias as well. And traders are inherently trend followers as a group. Considering Bitcoin is still in a powerful multi year bull market, it is almost a certainty that the futures market will bring in much more buyers then sellers. CME traders aren't idiots. They're not going to look at the long term Bitcoin chart and be like "yeah, gonna short this insane bull market". They're far more likely to be like "wow, now THIS is a bull market. Time to buy!"
So of all the concerns I'm hearing, none really worry me. On the bull side, you've got vastly increasing the universe of potential buyers which I fully expect will keep the long term bull rally in good shape. You've got the decreased volatility that will come with increased volume. You've got the increased brand awareness and prestige that comes with being listed on a major global financial exchange, crucial for building the credibility of Bitcoin into a mature, world class asset. Too many ppl today think Bitcoin is still a Wild West where anything goes. Things like this will go a long way to reducing that perception. And finally, the CME market is the precursor to a Bitcoin ETF, which will cause this thing to fucking explode. If the CME market will increase the universe of potential buyers significantly, an ETF will increase it exponentially.
All in all, I don't believe the CME market is anything else but unambiguously bullish. I cannot think of a single valid concern that is actually a problem.
...
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Long Term Charts Put Bitcoin Price At for $11,400 Local Top, $60K Bull Cycle Top

Long Term Charts Put Bitcoin Price At for $11,400 Local Top, $60K Bull Cycle Top submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Long Term Charts Put Bitcoin Price At for $11,400 Local Top, $60K Bull Cycle Top

Long Term Charts Put Bitcoin Price At for $11,400 Local Top, $60K Bull Cycle Top submitted by Ricktap458 to BestBitcoinNews [link] [comments]

Long Term Charts Put Bitcoin Price At for $11,400 Local Top, $60K Bull Cycle Top

Long Term Charts Put Bitcoin Price At for $11,400 Local Top, $60K Bull Cycle Top submitted by leftok to atbitcoin [link] [comments]

Arbitraging ABOT Audit Results Positives & Negatives | Bitcoin Chart Long Term Trend

Arbitraging ABOT Audit Results Positives & Negatives | Bitcoin Chart Long Term Trend submitted by Rufflenator to 3bitcoins [link] [comments]

Arbitraging ABOT Audit Results Positives & Negatives | Bitcoin Chart Long Term Trend

Arbitraging ABOT Audit Results Positives & Negatives | Bitcoin Chart Long Term Trend submitted by ososru to Bitcoin4free [link] [comments]

Analyst: Bitcoin (BTC) Short-Term Bullish, But Long-Term Chart Suggests Pullback

Analyst: Bitcoin (BTC) Short-Term Bullish, But Long-Term Chart Suggests Pullback submitted by Ranzware to BitNewsLive [link] [comments]

Could Bitcoin (BTC) Follow Gold's Long-Term Chart? - Ethereum World News

Could Bitcoin (BTC) Follow Gold's Long-Term Chart? - Ethereum World News submitted by ulros to fbitcoin [link] [comments]

Could Bitcoin (BTC) Follow Gold’s Long-Term Chart?

Could Bitcoin (BTC) Follow Gold’s Long-Term Chart? submitted by leftok to atbitcoin [link] [comments]

Could Bitcoin (BTC) Follow Gold’s Long-Term Chart?

Could Bitcoin (BTC) Follow Gold’s Long-Term Chart? submitted by Ranzware to BitNewsLive [link] [comments]

Round II w/ @woonomic & @venzen from Beautiful #Thailand to talk $BTCUSD Long Term Charts and all tings #Bitcoin wi… https://t.co/1zzTZkvTDF - Crypto Dynamic Info - Whales's

Posted at: February 19, 2019 at 04:31PM
By:
Round II w/ @woonomic & @venzen from Beautiful #Thailand to talk $BTCUSD Long Term Charts and all tings #Bitcoin wi… https://t.co/1zzTZkvTDF
Automate your Trading via Crypto Bot : http://bit.ly/2GynF9t
Join Telegram Channel for FREE Crypto Bot: Crypto Signal
submitted by cryptotradingbot to cryptobots [link] [comments]

This chart from August really shows a conservative/realistic long term chart. Bitcoin $144,000 by August 2023.

This chart from August really shows a conservative/realistic long term chart. Bitcoin $144,000 by August 2023. submitted by cryptoanalyticabot to cryptoall [link] [comments]

This chart from August really shows a conservative/realistic long term chart. Bitcoin $144,000 by August 2023.

This chart from August really shows a conservative/realistic long term chart. Bitcoin $144,000 by August 2023. submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Hello MVIS IR and PR from a long-term shareholder. Bitcoin PPS chart vs Bitcoin Google search activity

Hello MVIS IR and PR from a long-term shareholder. Bitcoin PPS chart vs Bitcoin Google search activity submitted by KY_Investor to MVIS [link] [comments]

Analysis: “Uncanny” Correlation Between The Long-Term Bitcoin And Gold Charts

Analysis: “Uncanny” Correlation Between The Long-Term Bitcoin And Gold Charts submitted by leftok to atbitcoin [link] [comments]

The Bitcoin Chart I've Obsessed with For Months BITCOIN ACCUMULATION STATION! Bitcoin Analysis 19th July 2020! Short, Mid & Long Term Strategies! Bitcoin Chart Technical Analysis for 07-15-2020 Bitcoin Long Term and Short Term Targets + Trade Setup  6.10.20 Bitcoin's Long Term Chart Could Change Everything

Bitcoin history for 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019. Bitcoin price chart since 2009 to 2019. The historical data and rates of BTC This chart illustrates long term extrapolation of the log chart trend for Bitcoin, with key Arc trends which could hold a clue to the near term future and longer term trend. In Summary there has been 4 periods of 'mean' bullish growth / consolidation in the lower arc range with one period of hype and one period of bear market. Based on this historical trend, any break of price above the white Long Bitcoin Long Term - 4 year cycle / fractal . Bitcoin / U.S. Dollar (BITSTAMP:BTCUSD) theellk Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter. I thought it was time to make a longterm chart, with all these wrong charts going around, hehe. They are wrong because bitcoins support and resistance lines are NOT linear in the logarithmic chart. I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue to grow exponentially. From my studies of technical analysis, I believe the price of bitcoin is charting a long-term bullish flag formation. To briefly summarize, a bullish flag is a continuation pattern.

[index] [5061] [1809] [27114] [26273] [10197] [30349] [9931] [26909] [15781] [11099]

The Bitcoin Chart I've Obsessed with For Months

Short, Mid & Long Term Strategies! Bitcoin Beats - Duration: 22:50. Hamilton - Bitcoin Beats - Daily Vids! 40 views. 22:50 💦 STRUCTURED WATER DEVICE 💦 Simple, Cheap & DIY - Duration: 14:23. The Main Principles Of 12 Best Cryptocurrencies for Long-Term Investment [2020 Bitcoin has actually not just been an innovator, ushering in a wave of cryptocurrencies built on a decentralized peer ... The Bitcoin chart I've obsessed with for months, this is one of the most important charts for the long term prospects of bitcoin. Here is why this chart is now very important. PLEASE READ THE DESCRIPTION!! I go over the Bitcoin Long Term Targets and Bitcoin Short term Targets including the trade setups and invalidation points as to when one count is confirmed over the ... If you look at just candles on your chart and nothing else, everything looks random and that's how most people see price movement, but once you put the right indicators and the right trend lines ...

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