All posts made by LUCKMCFLY in Bitcointalk's Wall Observer thread

A great analysis of the Crypto market ..
•   The total crypto market cap recovered nicely and broke the key $250.0B resistance area.
•   Bitcoin price is up more than 7% and it recently climbed above $10,400.
•   Binance coin (BNB) price is also gaining momentum and it recently broke the $22.50 resistance.
•   Litecoin (LTC) price is facing a few solid hurdles near the $68.00 and $70.00 levels.
•   BCH price is up more than 5% and it is about to break the $300 resistance area.
•   Tron (TRX) price is slowly moving towards the $0.0160 and $0.0162 resistance levels.

The crypto market cap and bitcoin (BTC) are currently surging above key resistances.Ethereum (ETH), litecoin, ripple, BCH, TRX, XLM, BNB and EOS are also correcting higher.

Source: https://www.newsbtc.com/2019/09/03/bitcoin-price-btc-signaling-bullish-reversal/

And we could say that it is confirmed by breaking up:

Source: https://www.tradingview.com/chart/BTCUSD/GlU7dhnA-BITCOIN-UP-OR-DOWN-OF-THE-TRIANGLE/

I think that if we take into account the new events that give a lot to talk about, such as the so-called "Cepo" of Argentina, it may have helped a little to raise the price if we apply the simple Offer-Demand Law.

In this they show:

source:https://cointelegraph.com/news/study-blockchain-in-healthcare-market-to-surpass-16-billion-by-2025

and they say that progress is being made.

All they have to do is approve, because Bitcoin will go up at any time, we have a touch of being radically bullish and the train is going to go ...

The Bitcoin rate approaching the order of the quintillions:

Source: https://www.blockchain.com/charts/hash-rate

Very close to continue making more history, on the other hand in:

Source: https: //twitter.com/maxkeiser/status/1170696986405851137

To brighten the day, finally someone who thinks like me:

Source: https: //twitter.com/BTCOINPRO_/status/1171336197395943424

Leaving low levels behind... Cool

Hi, I wanted to share my analysis:

Where I see that there is an area of opportunity at $ 9298, where I believe that there may be a liquidity zone, I do not believe that it goes down there, as many Bulls are defending that position.

At $ 12303.5 there is a slight ceiling that can be broken with some volume, it is not difficult, since I analyze under Wyckoff's theory. You only need to break the $ 13500 so that after that we begin to confirm the bullish trend.

Finally my analysis is to Days, and the volume that is observed at the moment is not high, it is below the MV Length, which indicates that there is almost no interest in selling, that is, the offer is not very strong for that range, in higher levels I observe it by Tensorcharts and I observe:

Indeed, there is little volume, what I like about this tool is that Red = Sales and Green = Purchases, this gives me a real perspective of what is happening.

In FXStreet they give this analysis:

As the wedge initially shows that it breaks long, it is likely that there is a liquidity group, in my opinion, the bears will not succeed.

In the 1h fractal:

Source:https://www.fxstreet.com/cryptocurrencies/news/bitcoin-technical-analysis-btc-usd-hit-with-devastating-rejection-after-failing-to-break-through-game-changing-resistance-201909101500?utm_source=dlvr.it&utm_medium=twitter

The bulls are defending their positions ..

It is interesting, according to CryptoPotato:

https://cryptopotato.com/bitcoin-chart-analysis/

The volume of the Short is not relevant, confirming that sales are few, there is more buyer interest. The offers at these levels are practically running out, what remains is to test offer at higher levels, perhaps at $ 11K and up.

In this analysis, the main thing is that an impulse may arise that raises the price to $ 15.3k, but if they do not defend the positions, it can remain at $ 7.4k.

https://cointelegraph.com/news/price-analysis-11-09-btc-eth-xrp-bch-ltc-bnb-eos-bsv-xmr-ada

On the other hand when viewing the graph in tensorcharts, at 1 day, it is noted that there is not much volume, if the price falls with low volume means that there is no demand, there is almost no interest in shopping there, the offer may appear in levels of higher prices, I am much more inclined to go up and I think I am going against many analysts ..

The arrows indicate the number of transactions or the number of orders there are, at higher levels there is more negotiation interest.

It seems that we are doing bullish sense, observing the analysis:

Source: https: //twitter.com/forexcrunch/status/1172152215706001418

If we see the Volume Profile is very interested in the prices of $ 10,400 and $ 10,800 and the volume is considerable, it could be said that at higher volume and price there are more purchases, the Demand is being present in the market.

I like this news:

I like how the Bitcoin logo looks there ....

In the PremierLeague they have already started ... This is a plus for the price, it will certainly help the price continue to rise. Already the Watford Football Club will win many fans!

New benchmark for the Bitcoin price to take more bullish momentum:

Source: https://www.diariobitcoin.com/index.php/2019/09/13/proveedor-de-indices-bitcoin-cf-benchmarks-obtiene-licencia-para-operar-como-referente-en-europa/?from=bitven.com

The positive impact may not be immediate in the market, but without a doubt it will begin to help despite Brexit, because it will have a state of equivalence between the United Kingdom and Europe ... This confirms that there will be more investors joining Bitcoin ...

British artist knows what he wants!

Source: https://www.diariobitcoin.com/index.php/2019/09/14/artista-britanico-lincoln-townley-vende-coleccion-de-19-obras-por-490-bitcoins/?from=bitven.com

For some time this artist wants to revolutionize the artistic world by reaching those people who do not know about technology and bitcoin, we have artists, football teams, I think we are on a very good path.

This Tweet in a nutshell describes a lot!

I think the market gives many signs for itself, there is little time for September 23 for BAKKT, we have football teams with the Bitcoin logo, artists, athletes, countries, who want to be protagonists in the market, $ 10K is a Low price for the Bitcoin Real Value, many are waking up ...

The attack on Saudi oil facilities has reduced global oil supplies by 5%, the attack also caused an increase in the price of #oro by 1%, for #Bitcoin, Saudi oil attacks will be a crucial test of The good faith of the asset. Shocked

This analysis is about what might happen, the good is yet to come.

Currently people in many countries are acquiring the knowledge necessary to operate with Bitcoin ...

When it comes to money, people learn faster, the demand for Bitcoin is growing every day and in countries with crises they take more advantage. Argentina, Venezuela are always the ones with more volumes in transactions with bitcoin.

According to this tweet:

whose analysis is:

The way he analyzes through Elliot coincides with a criterion I have about it, in trend Elliot is always met, and according to Wyckoff's theory studying the Bitcoin graph, we are already in an initial stage of Bullish trend, it is very It probably can happen.

The exit of some problems for companies:

Especially those who request loans from banks to increase capitalization or buy raw materials, some to acquire machinery. Now is a good time to capitalize.

Almost all TA give a bearish scenario as a possible event, as shown here:

But, seeing it from another point, this is good, it may go down a bit, but the opposite will happen, sometimes the market does the opposite of what others think, and if they are governed by emotions the impact is greater, such and as Jesse Livermore (Speculator) said in his books, the Strong Hands always set their traps to hunt the STOPS and then it is very likely to see a bullish rally coming by doing quite the opposite of what others think.

Many will say bearish,

But when looking at the volume and the candles, there may be an effort and not a good result, that is, they are very small candles and a lot of volume, and when viewing the Volume Profile, you can notice that there is more interest in purchases than sales.

Quote from: rebal15 on September 18, 2019, 11:51:54 PM

Quote from: fillippone on September 18, 2019, 06:11:20 PM

There is no way for BTC to get to value in the millions without dollar losing value. As simple as that.

You still think BTC at 1million dollar.

Why Not?

The key of the Pennant is to break up,

https://www.dailyfx.com/forex/market_alert/2019/09/20/Bitcoin-Price-Chart-Forecast-BTCUSD-Awaits-Pennant-Breakout.html

if it breaks in 15525 it can reach the 61.8% fibo point that it reached in June ... taking into account that we are at the beginning of the bullish trend phase, it would be best to buy to wait for the Good rally.

I think PlanB has a lot of security:

Although I think that 2020 will be a total explosion that the market will have, it will be full of many news, wherever its nature is good or bad, the market will have more demand, thus generating a sustained increase in price coupled with the bullish trend.

Who believes that history repeats itself?

Source:https://twitter.com/Weightlosspro14/status/1175860149682147330

Well, maybe I don't exactly do it, but we are on our way to that stage.

Do you think this is such a decisive week?

Possibly, although I think that the impact of Bakkt will not be instantaneous.

Something logical

Many truths in a single tweet ..

Here with some Statistics:

https://www.bakkt.com/markets

To brighten the day . A sexy Reference ...

The only solution for countries in crisis is in Bitcoin ..

Gold does contribute, but it is difficult to transfer from one place to another, many taxes, but the funds that are managed through Bitcoin are much larger and in seconds. It would be the ideal solution for these types of problems.

Apparently 2020 promises ...

Well the price falling, it looks with volume, apparently there may be the Shorts to buy cheap ..... the smartest way to buy is cheap ....

The BTCUSDShorts at 4h are still open .....

CNBC did not wait ...

The reactions begin to be seen:

The Liquidations in Bitmex ...

Quote from: serveria.com on September 25, 2019, 01:41:33 PM

Quote from: LFC_Bitcoin on September 25, 2019, 01:36:24 PM

Quote from: serveria.com on September 25, 2019, 01:28:27 PM

Quote from: LFC_Bitcoin on September 25, 2019, 01:26:10 PM

@BitBitCrypto
This is one of the most obvious shorts in the last year or so.

With EVERYONE around clicking the red, I wouldn't be surprised if $BTC prints a $1000 green candle up.

https://twitter.com/bitbitcrypto/status/1176506608647639040?s=21

BTFD gentlemen!

$1k is really REALLY pessimistic... it should bounce to at least where we were last week... Cool

Feeling confused, I want to buy but debating if I should pull the trigger now or wait until tonight or even tomorrow.

I guess in the long run there's no big difference if you buy today or tomorrow... I mean if you're planning to HOLD for at least 1-2 years. Cool

The Smart Investor will always support these levels in the market, because he knows that his analysis is above this, the market is driven by people's emotions, panic is sometimes an ally for investment, you just have to know how to wait for enjoy the benefits that Bitcoin will bring to normalize and enter your address, and the smartest way to buy is cheap, something like this is happening now.

A Clarification, simple but that clears doubts:

Patron Adam and Eve ....

Well, let this be the springboard for the good ... the Good Rally--

Price at this level?

When Checking BTCUSDShorts:

Still sailing at 4h, I hope they close quickly.

I think that by closing "The Shorts" we can see the price recovery, which can be fast, so they are testing offer at these price levels.

Taking into account that greater adoption is being taken for Bitcoin and Technology, it is likely that this graph at some time Not determined will continue its rise.

As time passes, market conditions change, but each day it is likely to add a new investor and / or speculator to the market.

Quote from: VB1001 on September 26, 2019, 03:32:10 PM

Quote from: VB1001 on September 24, 2019, 04:11:49 PM

edit: Who gives me the merit No. 1001, has a prize.

The winner is:

fillippone, quote the post and I will give you the prize, 10 sM for you.

VB1001 this was my goal > 1001

I no longer need merits, I have what it takes to become a legendary when the time comes, use the merits to help other WO members with excellent publications.

Thank you all.

Congratulations dude, great work, great contributions with quality, you deserve it!

Well it's never too late to start ....

source: https://twitter.com/ChartsBtc/status/1177256014174797825

The market always gives a good chance of recovery.

On the other hand, some news is not all bad ..

source:https://cointelegraph.com/news/10-000-nodes-are-running-btc-lightning-network-in-new-all-time-high

The good news may not have the direct impact on the market at once ... but it does help to improve the overview of what's coming ..

Many times you can understand the market in the opposite way ...

And if we see another approach:
Positive News = Price Drop = Sales
Negative News = Price Increase: Purchases

Price drop with "Open Shorts" = Smart Purchases by Investors.

As Jesse Livermore said: "The best way to Accumulate is by buying cheap, when people panic"

Perhaps the best opportunity is being presented right now and represents purchase ..

A different view ...

source: https://twitter.com/FeraSY1/status/1177544342501769218

The supports can create a possible liquidity zone that can withstand ... the purchases generated here can boost again.

When taking a look at the market for a 4h fractal, observing "The Shorts" is something positive they have been closing.

Seeing "The Longs" have been growing, indicating that it is a good indication that the price begins to recover.

In the graph in general it has been showing signs of going up with little volume, it is positive, because it tells me that the floating offer is running out.

Looking at TensorCharts.com, you can see more purchase orders in the order of $ 8.5K to $ 9k ...

And when seeing the millionaire wallets, (10-1000) BTC their percentage has not changed much, I had always seen it in 62-63% .... Normally in 2017 to 2018 when it was in bullish trend this percentage was in the order of almost 80% .. It means that sales have stopped a little.

If everything goes like this, the market may recover quickly.

Seeing the PlanB tweet:

and reviewing "The Shorts" gives me some peace of mind that they are closing them, it can be an indication of a tenuous lateralization or market recovery.

Quote from: Biodom on September 28, 2019, 11:23:24 PM

Quote from: LUCKMCFLY on September 28, 2019, 10:55:43 PM

Seeing the PlanB tweet:

and reviewing "The Shorts" gives me some peace of mind that they are closing them, it can be an indication of a tenuous lateralization or market recovery.

I am not sure why would the green phase be so abortive in this bull run.
In 2016-2017 it lasted for more than a year.

In other words: I doubt that we are in the "orange" stage, but who knows.
Maybe, we are front-running the whole trend while we were behind the "true" trend in 2015-2016.

He is absolutely right, although sometimes the times of the market are similar but with different circumstances, what was presented for 2015-2016 could be similar, but when analyzing it today the conditions can change the scenario, perhaps more participation, the issue of BAKKT ..

Quote from: HairyMaclairy on September 29, 2019, 12:11:49 AM

Shaping up nicely for debart. C’mon badger you can do it.

What pleases me is that it is rising with low volume, maybe if you follow that course of a great jump at a better price, floating offer may be disappearing. Upload effortlessly.

Quote from: teosanru on September 29, 2019, 02:19:35 PM

Current situation really doesn't looks good as we are at a cliff hanger standing at this support of 7500-7700 which is creating a large descending triangle larger than the one which we already broke. This isn't good because if we break this then next possible target downwards would be 5800-6000 levels which will create a parallel descending channel for btc signifying another long bear run once again. So I think I would stay away from the market as of now. Even the MACD Crossover on 4h chart wasn't helpful. Red bells are ringing.

I have noticed that now there are many important movements in the market on weekends, although the market is open 24 hours a day, those interested in moving the price are starting to do it early ... This happened a few months ago.

It's interesting the similarities there are,

Source: https://twitter.com/BSF_ANALISIS/status/1178422536733941763

Circumstances that the market gives us.

Another view of PlanB ...

There may be other reasons, but it is valid.

Well, on the other hand ...

It can be an incentive for New Investors ..

The price is below the 200 day MA on Coinbase for 5 days now...

As shown:

Source: https://www.forexlive.com/Cryptocurrency/!/bitcoin-up-on-the-day-but-stays-below-the-200-day-ma-20190930

Some results are not as the mass thinks.

The Possible Bakkt Effect has been disappointing for many ... There is still a long way to go, there are many events that can happen.

I want to see these statistics when Bitcoin reaches its bullish trend

You may have to see the money injected into the Exchanges to list or try to give shitcoins oxygen ...

Quote from: Icygreen on October 01, 2019, 03:51:03 PM

Quote

A great flippening is approaching.

More investors flip everyday to realize that quanatative easing, negative interest rates, fractional reserves, the elimination of cash, mass surveillance, currency wars, and inflation are all the frightening experiments, not bitcoin.

https://twitter.com/Rhythmtrader/status/1178702941315829761?s=19

Can confirm that this week a family member and a friend seperately approached me to discuss removing their money from the bank. It's happening, people are losing trust in the system. They still see BTC as the more risky option so they're buying land as a move to preserve their wealth.

It is that the banking system, is based a lot on credit systems, and if they fail to comply they are able to leave people on the street, it is a system that is losing a lot of control today with the adoption of Bitcoin.

Quote from: JayJuanGee on October 01, 2019, 04:42:27 PM

Quote from: LUCKMCFLY on October 01, 2019, 03:10:36 PM

I want to see these statistics when Bitcoin reaches its bullish trend

You may have to see the money injected into the Exchanges to list or try to give shitcoins oxygen ...

Do you have a link to the source of that chart, or is the chart behind some kind of firewall?

Of course, the article is here: https://www.bloomberg.com/news/articles/2019-10-01/tether-not-bitcoin-likely-the-world-s-most-used-cryptocurrency

and the graphic source was taken for Coinmarketcap.com article

For some it is disappointing, but the best things take time to arrive ..

Source:https://twitter.com/lawmaster/status/1179376262768406529

Just starting this, there is a long way to go ...

And, 32,443 blocks until mining reward is halved (~225 days):

Source: https://twitter.com/ChartsBtc/status/1179409787882266626

Many speak that it can reach $ 7500, but there are many defending their positions:

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently declining and it is now well below the 50 level.

Major Support Levels – $8,100 followed by $8,000.

Major Resistance Levels – $8,300, $8,400 and $8,500.

Source: https://www.newsbtc.com/2019/10/02/bitcoin-price-btc-remains-vulnerable-below-8500/

I think that in this December we can see faster recovery..

This analysis is very timely, the market recovery begins to be felt.

4h $BTC

-developing iHS
-cloud e2e
-tk c-clamp
-bullish williams alligator

entry: >8500
-horiz
-williams fractal
-cloud e2e

TP: 9100-9400
-horiz
-200EMA
-flat kumo
-50% retrace

SL: 8120
-tenkan
-R shoulder
-williams fractal

Source: https://twitter.com/CarpeNoctom/status/1179604922607837190

Hey guys, have you ever done some trading on both sides? That is, if you enter Long, do you protect your position in Short with some leverage? This Spanish-speaking Trader did it, the video is from 2018, but it seems to me that the adrenaline he feels is a lot! more when you do it with 100k!

Source: https://www.youtube.com/watch?v=T7p5UTPNPIs&t=14s

As Jesse Livermore did, it is a way to always be in the market, no matter which direction you are going.

Do you think it is convenient to do it right now in the market? Since the price is expected to increase, but if it falls, protect your position.

Obviously, to do this you have to have a lot of experience and try to suppress emotions to the fullest.

Quote from: d_eddie on October 03, 2019, 04:37:54 PM

Quote from: Gyrsur on October 03, 2019, 04:09:23 PM

Quote from: d_eddie on October 03, 2019, 04:05:11 PM

Quote

I'm not a huge fan of the system but then I'm no expert.

I'm no expert either, but the system does pay off with a little caution.

really? may you care to explain, please?

This system can and does pay off. A couple ways it can:

- No need to close both positions at the same time! You could taper the losing one or close it abruptly if you're sure of the trend.

- Different size/different leverage for the two positions.

Quote

EDIT: this WO thread is a time eater for sure! Damn! Grin

EDIT2: is rehab possible?

You could sell all your coins, so you'd stop wasting your time here.

Hm, on second though what if you become like r0ach and end up wasting even more time? As as added insult, you'd probably feel very very bad as a noob nocoiner.

Summing up, I have to admit I have no useful rehab suggestions. Sorry.

You are right, well, it is a system that can be safe if it is perfected with the experience, every time it is successful in trade it is because another lost the trade that he did, it is like trading with the money of others, since Everything is valid from the point of view of market speculation.

Quote from: fillippone on October 03, 2019, 05:02:59 PM

Quote from: JayJuanGee on October 03, 2019, 04:47:18 PM

So, because of dickering around with shorts, there is NOT as much profits from when BTC's price finally does go up, but at the same time, profits are made when BTC's price goes down in a much greater way than merely selling a few BTC on the way up and buying back at lower prices.

So your reasoning is the following.
You are long 10 BTC. You short sell 1.

1)If BTC goes up, you are happy, because you lost on the short bitcoin, but actually you gained.
2) If BTC goes down, you are sad, but at least you can buy back your bitcoin, profit from it and alleviate your suffering.

THe reality is.
a)You are long 10 BTC.
b)You decide to sell 1 bitcoin.
c)You are long 9 bitcoin and some cash.
If BTC goes up, you are happy, because you gained. on those 9 bitcoin. Cash is the same.
If BTC goes down, you are sad, because you are losing on those 9 bitcoin. Then you decide to buy another bitcoin and you are long 10 bitcoin and some (less) cash. You are in a very similar position than point c. but with less cash to spend on more bitcoin buying.

If you are trading with linear assets there's no other other way to sum all of your positions and think about only as a SUM. the worst think yopu can think is where you bought some corn and you have to sell it above that level to gain.

I strongly disagree with d_eddie.
Even in highly volatile environment Mark To market is the best way to think of your trading position, because MtM has to do with the current price, so it has to do with the future movements.
If you think on yor P&L, you think where you traded the corn in the Past. Very dangerous.
When you trade you have to think only where you are headed to, not where you have been: is't like driving looking into the rearview mirror to decide where the road is headed....

Quote from: d_eddie on October 03, 2019, 04:49:33 PM

- I let my long live because she will get back up there eventually! This might not be 100% rational, all right Grin

This is actually 100% rational. HODLing is the best strategy to gain from Bitcoin!

EDIT: I just realised I replied to JJG. I don't know if I am ready for a wall of text!

It is a great point of view, in fact I placed that analysis because I see that it is a way to protect a LONG, in fact, the best is Hold, but if the market moves against our Long, we could not lose, and even get some gain with a Short ... in fact, that technique is from a speculator from the 1800-1900s, Jesse Livermore.

It is interesting that some Bitcoin earnings are correlated with the Tether emulation.

Source: https://www.bloomberg.com/news/articles/2019-10-03/bitcoin-gains-correlate-with-tether-issuance-researcher-says

I know that many bullshit coins to list in an exchange, suppose: the customer gives around 1 million dollars, then they pass it to Tether, and that's where the exchanges assure them of profits, and the whole business is in the purchase of Market Makers packages.

And:

A palpable reality.

Quote from: El duderino_ on October 03, 2019, 11:19:57 PM

Quote from: El duderino_ on October 03, 2019, 08:43:40 PM

#Joker

Update later

Joker great drama.
Artistic, strong, masterpiece.
Though.... to serious.

#Update

I want to see! I have been told that it is excellent!
I think I'll download it to see it today!
With your references I think I will proceed to the download.

Quote from: jojo69 on October 04, 2019, 12:07:51 AM

burn baby burn

https://twitter.com/DoveyWan/status/1178706886750691329

Wow the owners must be crying for a millionaire loss of that level, because $ 10M is so much!

A first millionaire loses love for the Industry ..

Jared Kenna

Source: https://www.bloomberg.com/news/articles/2019-10-03/an-early-bitcoin-millionaire-loses-his-love-for-the-industry?srnd=cryptocurrencies

It is really sad that someone with so much potential is disappointed because technology is not the main thing, from a point of view the bitcoin market has developed further.

For collectors,

Very good price..

In this tweet,

It seemed interesting to focus on Venezuela and deepen a bit to share it with you

Based on the global data of the countries that handle the most Bitcoin volume:

For Venezuela, when analyzing the volume in Localbitcoins in local currency (Bs), it is obtained

Source: https://coin.dance/volume/localbitcoins/VES

When taking it to USD:

Source: https://www.usefultulips.org/VES_Page.html

Worldwide it is:

Source: https://coin.dance/volume/localbitcoins

Volumes with a more global perspective:

Source: https://www.usefultulips.org/World_Page.html

In Venezuela alone, more than 250 million dollars have been commercialized this year at localbitcoins.com.
But now with the new policies they have of KYC, and due to the geopolitics of the government more than one user is going to be frightened, I just hope it does not affect the market and its volume.

Quote from: El duderino_ on October 04, 2019, 09:06:33 PM

https://twitter.com/CauseWereGuys/status/1179882411901030400?s=20

Really instant made me laugh, would it be real ?? Would be awsome Cheesy

Lol wow that's very good that,

Dude, I hope it's true!

Quote from: JayJuanGee on October 05, 2019, 03:34:29 PM

Quote from: legendster on October 05, 2019, 12:58:25 PM

Quote from: LFC_Bitcoin on October 05, 2019, 12:54:03 PM

Starting to accept that we may not get an exciting pump until late 2020. What are your plans guys if we go relatively sideways until the halving?

I’m buying regularly, adding to my stash because I know that we’ll look back on the current price in 2021 & laugh, wishing we’d bought more.

I cannot afford to hodl if it goes beyond a certain number. Since I get paid in BTC per month, I will have to immediately switch to a stable coin upon getting paid if things get that bad.

I hope they won't get that bad.

Of course, if you are getting paid in BTC, then you have different considerations including that you likely have to sell regularly, merely for your living expenses.

There are few (only nutjobs) that believe that anyone should be attempting to live 100% bitcoin when bills/expenses are most likely in fiat.

This reminds me of the controversial Family-Btc of 2017, that they sold all their material goods to buy BTC, who travels around the world, saying that they only spend BTC, which, it seems to me, should have their good bottom in fiat. Or they may receive some fund due to their advertising.

Good things over here ....

I think Warren Buffet is a great investor, his books are very educational in terms of financial investment. Just when he spoke badly about Bitcoin, I was disappointed, but seeing this:

Lol, this guy knows how to describe one of the reasons why Buffet can't understand this world.

Bitcoin is the only asset that grows 200% only in this 2019, something that has not even achieved the gold, however, Bitcoin it falls and rises...... will always shine.

Quote from: El duderino_ on October 06, 2019, 08:44:23 PM

Quote from: rebal15 on October 06, 2019, 08:29:04 PM

Quote from: El duderino_ on October 06, 2019, 10:42:42 AM

https://twitter.com/CryptoBull/status/1180619664751243270?s=20

Mmmm

is there enough cash for $50k BTC. I mean, if holders will sell at $50k, can exchanges and all others business pay sellers?

Was there enough at 100 when people ask the same question for 10K ?

And still 50K is only little over double of ATH.....

I totally agree, I can't even imagine how much the new ATH can achieve.

Note: @micgoossens Your Vegeta Logo with the BTC is spectacular! Super cool!

A start to the week with a lot of movement!

Source:https://www.coinness.com/news/416948

Appearing bulls are reacting ..

It would be phenomenal that this year the candle culminates like that of 2013.

Source: https://twitter.com/ChartsBtc/status/1181215870216892417

Well now you can build your own LigtheningATM!

Y su contrucción técnica en GITHUB: https://github.com/21isenough/LightningATM

Source: https://decrypt.co/10046/ightningatm-how-to-make-your-own-bitcoin-atm

More information here: https://decrypt.co/10046/ightningatm-how-to-make-your-own-bitcoin-atm

She knows that many of them work hard on her BTC when they see her.

A possible scenario that we can see very soon ...

Source: https://www.tradingview.com/chart/BTCUSD/2tow9eLv-BITCOIN-You-See-Everything-by-Your-Own/

Good sign of buy, in addition the candles are increasing with little volume, the offer may be running out, the price will rise more.

Source: https://twitter.com/CryptoWizzaaard/status/1181856745565642753

So, are the Exchanges the biggest Bitcoin Holders?

Source: https://twitter.com/thetokenanalyst/status/1181618606649548800

Info more explained : https://bitcoinist.com/who-are-the-biggest-bitcoin-hodlers/

Exchanges usually have the advantage of knowing where the Stop Loss, supports and resistances are, as well as the areas of opportunity for the best trade.

Go go go .. It seems that these guys are realizing that it is better to adopt Bitcoin, there is no inflation, there are no negative interest rates ... (Subliminal Message that BTC is the best option) Possible Fundamental for those who enter Wall Street panic.

Said by the Former Director General of the Swiss Banks, Oswald Gruebel.

Source: https://bitcoinist.com/top-banker-admits-fiat-is-worthless-is-bitcoin-the-future-of-money/

This type of news can have a very positive impact on the market ... Maybe not immediately, but in the medium and long term it will certainly help.

It's curious, due to its low correlation, Bitcoin can substantially increase the portfolio with traditional assets.

Correlation (2/1/2012 7/31/2019)

Source: https://bitcoinist.com/bitcoin-has-potential-to-boost-investment-portfolio-returns-vaneck-says/

When you look at the volume profile, you can see that there is a lot of shopping interest in the order of $ 10K to $ 11.6K.

Source: https://twitter.com/sunnydecree/status/1181962223981355008

The road looks very promising, the interest lies very little towards lower levels.

The key is knowing how to wait and have patience because it is coming every time is much better.

Source: https://twitter.com/ChartsBtc/status/1182043345712844800

Bitcoin gains 3.6% as UNICEF begins accepting cryptocurrencies..

Source: https://decrypt.co/10192/bitcoin-gains-4-unicef-accepting-cryptocurrencies

They consider it a blessing to receive cryptocurrencies, this has brought a very good impact to the market.

According to an Analyst, it is imperative that the price remains at $ 8,600 or more, it is a very strong resistance.

More Info: https://www.newsbtc.com/2019/10/10/why-bitcoin-price-should-retake-8600-to-maintain-bull-trend/

According to this, I think that a liquidity zone is generated there to resist any bearish blow.

The bulls must be prepared to make this good and strategic movement.

Interactive information great chart, "Mayer 0.983"

Source: https://twitter.com/ChartsBtc/status/1182321677356560384

The effect of the Central Banks has intervened the economy in every way, devaluing savings, work, pensions. Undoubtedly, Bitcoin fixes all this, if we start that the traditional system is based on debt, it can automatically generate printing of cash bills, causing inflation, when Bitcoin enters into action these problems dissolve like salt in water.

Source: https://twitter.com/sansmithcapital/status/1182414170039472128

Quote from: minime0105 on October 11, 2019, 12:45:50 AM

I wonder why the current price rize stopped at 8600 .. i needed moaaar

A possible liquidity zone may be consolidating, it is like an inflection point at the AT level, according to many analysts, the EMA of 200 coincide and it is imperative that it stay there or increase so that any bearish attack does not lower the price precipitously.

So it means that we will be in this period thus achieving a possible liquidity zone, perhaps a lateralization that serves as resistance to boost new price levels.

Source:https://twitter.com/skew_markets/status/1182652432595259392

- She believes that institutional investors have a blindfold that only she can remove, limiting them to technology and its possibilities for financial growth, and she is sure that they will follow her advice.

-This could cause some weak hands to panic, which can be a strategy to take away their Bitcoins and eliminate the offer at low prices.

-At the same time, he admits that institutional investors are not up to the investors and speculators of the Crypto market.

CME Saw A Record Number Of Large Open Interest Holders In Q3. (25 + BTC)

Source: https://www.coinness.com/news/421536

Very positive data. I hope it helps to continue improving the price.

This is something similar to a tipping point, any momentum can take us to higher levels, just break the $ 8.6k barrier.

This possible liquidity zone is being formed and has been there for some time.

The historical transaction between Malmi and NewLibertyStandard .

https://www.blockchain.com/en/btc/tx/7dff938918f07619abd38e4510890396b1cef4fbeca154fb7aafba8843295ea2

Source: https://beincrypto.com/a-5-btc-usd-transaction-on-this-day-10-years-ago-officially-made-bitcoin-an-economic-good/

This new tweet from PlanB reminded me of the method of crossings, which is applied in calculus, they call it "The Cemetery method".

Great analysis for negotiating data in these 10 years of history.

Quote from: VB1001 on October 13, 2019, 06:26:24 AM

(This weekend has not been good for me, one of the Maine Coon has gone to a better life, R.I.P., 17 years, the last 2 years medicating daily every 12 hours, diabetic, great hunter, a strong animal that has resisted until last minute.)

BTC 8,322

Waiting for the movement.

Oh dude, I feel your loss, a cat marks the life of each person, I also had a cat that lived 14 years, it made me very bad when I lost it. I currently have 4 kittens. Sometimes it's good to have that kind of company at home, strength ..
I'm sure your cat had a great life, that's what you should remember.

We are at a point where it is imperative to expect it to break the $ 8600, it is a key point, if it increases I am sure it will reach $ 9531 to park there for a while.

Source: https://www.tradingview.com/chart/BTCUSD/RhuuLqdL-BTCUSD-Mark-UpDate/

Casa Crypto-Custody Startup Calls Lightning Network ‘Early and Reckless’

Some clients are concerned about the nodes that connect to the HTTP protocol and not HTPPS, although Casa replied that it is not accidental they chose HTTP because it is a domestic connection and does not create a sense of insecurity, while HTPPS is impractical and dangerous.

https://beincrypto.com/casa-crypto-custody-startup-calls-lightning-network-early-and-reckless/

It can be interpreted as accumulation, although I see it as a signal that can break the price up.
although it can be attributed to an internal transfer, or taken to a wallet in custody. And as the price is at a turning point I see this very positive.

Source:https://beincrypto.com/bitcoin-whale-moves-5-million-in-btc-from-coinbase-time-to-accumulate/

The fees since 2018 have dropped significantly in rates, the network has matured .. The adoption of SegWit has had a lot to do with it.

Source: https://eng.ambcrypto.com/bitcoins-lazarus-syndrome-leaves-many-obituaries-unwritten/
According Mati Greenspan, Senior Market Analyst at eToro:

Quote

“Segwit adoption is good for the network but generally requires additional effort on the part of the programmers. We can only assume that the recent adoption is coming from merchants and wallet providers who want to see Bitcoin running more smoothly.”

Graph representing the proportion of bitcoin transactions in the SegWit network, BIP141= https://github.com/bitcoin/bips/blob/master/bip-0141.mediawiki

http://charts.woobull.com/bitcoin-segwit-adoption/

It would be a thousand times better than Bitcoin ... although as it comes from a congressman, many of its reasons have a political and control tint.

Source:https://cointelegraph.com/news/us-congressman-facebook-should-add-bitcoin-not-create-libra

Congressman Warren Davidson:

Quote

”Facebook already filters content — some people say with bias, some people say it’s great, they’re protecting my safe space [...] So do we want filtered speech or free speech? Do we want filtered transactions or freedom?”

Although they think that the launch may bring destabilization to the economy, I think Bitcoin would do it with more hegemony.

Guys, what do you think of AngeloBTCTC semi-retired whale tweet?

According to AngeloBTCTC, he has predicted that Bitcoin can reach $ 30K in 2021. If this happens in a hypothetical case, it would be at the door of the Accumulation phase.

Starting that it's just a prediction, this guy always causes impact when he makes his controversial tweets.

More Info: https://u.today/top-bitmex-trader-says-hes-patiently-waiting-for-bitcoin-price-to-drop-to-6000-level

Precious metals have a reserve of value, but in this case silver has more Industrial use that the gold.

With the worldwide adoption of Bitcoin, I believe that things will change and will see Bitcoin much more valuable, since it would move large volumes of money in a very short time, this would expedite the purchase of raw materials, loans and capitalization of Industries.

Quote

Bitcoin’s price appears to follow a fractal pattern of increasing magnitude, where each iteration of the fractal matches the classic shape of a Gartner hype cycle.

Source: https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-part-3-of-4-2e2c002593f1

Guys can now buy their exotic luxury car brand Karma paying with BTC.

Dr. Lance ( Karma CEO ):

Quote

“We are opening our platform to serve as a test bed to help convert theoretical blockchain applications to practical use.”

The competitor of Tesla is offering a very attractive payment method, this attracts attention remarkably.

Source: https://dailyhodl.com/2019/10/16/tesla-competitor-is-now-accepting-bitcoin-btc-for-its-exotic-luxury-car/
https://www.youtube.com/watch?v=kfxGgdKt134

Sometimes it's not about technology or market speculation, this time the lives of innocent children were saved. This type of news is an incentive to continue the good development of adoption in Bitcoin.

Already more than 330 arrested.

Source: https://www.npr.org/2019/10/16/770628069/one-of-the-worst-forms-of-evil-more-than-330-arrested-in-child-porn-site-bust?utm_source=twitter.com&utm_term=nprnews&utm_medium=social&utm_campaign=npr

According to the agreement of the United Kingdom with the European Union on Brexit, it recovered in the market, with a gain of 1.3%.

Source:Coin360

Regular Cointelegraph contributor Michaël van der Poppe said:

Quote

“Interesting market dynamics,” he told Twitter followers on Thursday amid rumors buyers were waiting for Bitcoin to dip below $6,000.

Source: Cointelegraph

And when you think you've seen everything in life, Craig Wright comes out saying that Satoshi Nakamoto plagiarized his Bitcoin thesis ...lol

Quote

“The University still has my thesis from 2008, they still have my proposal. [….] On that alone, you can make a decision when it comes out, and it will.”

But he had a slip:

Quote

“[When the thesis comes out] Did Satoshi plagiarize me? Because there are sections in the [Bitcoin] whitepaper — whole paragraphs — [that can be found] in some of my work.”

Video for you to see the detail. Youtube

He really doesn't know what to say anymore.

Source:Craig Wright Now Claims Satoshi Nakamoto Plagiarized His Bitcoin Thesis

ESET discovers that Hackers steal Bitcoin in fake TOR browser when they shop on the Dark Web.

When victims load their wallet online, the already Trojanized browser changes the addresses of bitcoin to those of Hackers.

ESET team says:

Quote

“This trojanized Tor Browser is a non-typical form of malware, designed to steal digital currency from visitors to darknet markets. Criminals didn’t modify binary components of the Tor Browser; instead, they introduced changes to settings and the HTTPS Everywhere extension. This has allowed them to steal digital money, unnoticed, for years.”

Source:u.today

A great cycle:

Fuente: @ChartsBtc

Today the 18 million Bitcoin mined is already fulfilled, there are already 3 million left and the Bitcoin Halving is approaching.

It's great, just that governments won't like it, especially the one from the U.S.

Banking and governments alike always look for ways to regulate and complicate everything.

The good thing is, it is not a monopoly who decides to coveneincia to be 21 million Bitcoin.

Quote

BREAKING: The 18th million Bitcoin was just mined in the last block of transactions.

There are only #3MillionLeft to mine in total and 375,000 to mine before the next block reward halving.

Source:@APompliano

In recent readings, Gold cannot be compared with respect to Bitcoin, but it cannot be doubted that it is Digital Gold, which has a growth higher than the same gold.

Quote

600,000 bitcoin blocks have been mined.

#bitcoin network is running at 300k transactions per day, almost 4 million utxo (better measure of tx because it unpacks batched transactions) per day.

What would it cost to validate & transport 4 million psychical gold tx per day ...

Source:Plan₿

This is a very good omen for the Bulls.

Quote

2hr time frame
Sym triangle on RSI - Present on multiple time frames
Possible ascending triangle on 2hr here

We could see a breakout within 9hrs towards 8.1k ..the falling wedge resistance, where things could get even more interesting for bulls

@TheCryptomist

I think it's time to take off, there have been many Bitcoins moves towards some exchanges, Binance, Bitfinex ... that bullish momentum is needed to put this more exciting.

Source:@CryptoDingue

The next movements may be looking for new offer levels of $ 8k and up.

Guys, I know that the news has some impact on some traders, especially the weak hands, this topic on Reddit caught my attention.

Source:Reddit

Can Bots sell quickly and cheaply to take advantage of purchases? Perhaps it is a simple but effective strategy, since "Feeling" can be used in favor of the human, it is like the way to start beating the bots.

Guys through Tensorcharts.com it is seen through Bitfinex that the price takes a good course, there are almost no strong sales walls, apparently it is going up very sexy.

Could it be that the bulls are waking up?

According to BurgerCrypto for October, the upward trend begins on Halloween / early November.
His model based from Bitcoin’s historical returns and the stock to flow ratio.

The expected returns translated them to expected prices:

Source:https://medium.com/burgercrypto-com/forecasting-bitcoin-returns-with-prophet-in-python-part-ii-b3e44b3de95

According to this, the bearish trend ended completely, what remains is to wait for its bullish development.

Curious and interesting facts:

Countries with little financial freedom have great adoption of Bitcoin.

Countries with high inflation:

The data thrown are 317 BTC per 100,000 inhabitants.

Russia of seconds with 272 BTC per 100,000.

The values of Venezuela and Russia are unusual today, while countries with greater economic freedom are increasingly joining Bitcoin market.

Countries with more Internet penetration exhibit high volumes relative to population and GDP per capita

Source:https://cryptoslate.com/data-bitcoin-interest-high-places-low-economic-freedom/

Bitcoin's deflationary economy, has done much more than the traditional economy, provides more opportunities for people around the world, criticized the way the policy imposed by the US. UU. And the EU to impose sanctions on some countries, Bittrex and CEX.IO banned some countries with Crypto potential that offer market demand. Regulations should not exist in Crypto.

When observing the graph:

Quote

$BTC - 6% move over the past day, price failed to close above the monthly open

Price wicked up to the POC (point of control, price level where the most volume traded in this range) and has now pulled back

Want to see price hold level below (green) or BTC will head back down

Source: @Josh_Rager

I like to see that the price of BTC when analyzed with the Volume Profile, after the range of $ 8351.24 if the bulls decide to make another effort can raise the price to the range of $ 9k because the negotiations in that range are few, the price would rise With low volume.

Although some already call it digital gold.

Quote

#bitcoin .. like clockwork

Plan₿

This type of prediction is quite interesting, it reminds me of the Halving trend, and it is likely to happen.

Quote

50K-200K at the start of 2022? Bitcoin long term price prediction. #bitcoin #btc

@markblabla

And on the basis that they have been making a lot of Bitcoins movements towards exchanges, I don't think they are going to make "Shorts", because there is no sales interest at lower price levels.

Guys, I think it was a short Binance, apparently they may have released their influence, seeing Tensorcharts.com the graphic:

In the 1D sail, see "Shorts" and sale of 20,744.75Btc, and purchases at the same time of 15,181.07BTC, I highlighted in yellow in the box.

Then when seeing in Bitfinex:

There were equal Shorts but with sales of 5,436.11 BTC, and Purchases of: 4,662.27BTC.

And when reviewing the "Shorts" by TradingView:

The "Shorts" are still open

It is necessary to wait for the positions to close, but it is seen that there is a fight of bulls and bears, what there were are "Shorts"

I think you should not panic, because they made "Shorts" and did not find much offer, maybe they are testing that area, always to buy, the smartest is lowering prices.

Well, it's never too late, thanks to Bitcoin this noble boy found love.

When your Laptop literally saves your life. Grin

Bakkt Hits New All-Time High, With Over 450 Bitcoin Futures Contracts Traded..

Quote

Per historical data from Intercontinental Exchange (ICE) — the operator of Bakkt — today the platform has traded 441 Bitcoin futures contracts for November 2019, with the last recorded trading price settling at $7,400 per Bitcoin. 11 futures contracts for December have been sold, with the last recorded trading price at $7,407.

Source:https://www.theice.com/products/72035464/Bakkt-Bitcoin-USD-Monthly-Futures-Contract/data?marketId=6137542

via:@BakkBot

XBTO:

Quote

“Last week, we bought the first Bakkt Bitcoin Daily Futures contract and took the first physical delivery of a digital asset under existing commodity futures laws and regulations. This week, we executed the first block trade. We’re pleased to report that the launch was successful and can accommodate large trades.”

Source:Cointelegraph

New highs are seen in the Bitcoin Hash.

Quote

Bitcoin hash rate continues to make new highs despite the weaker market

Consuming ~3x+ more electricity than when BTC peaked in Q4 2017 - ~80 TWh annually

Marginal production cost of 1 BTC excluding hardware ~$5,260 currently & will double next yr post halving...

Source:@skew_markets

Well that is debatable, the approach that takes the graph is correct.

Quote

No reason to panic about yesterday's Bitcoin price drop, the price is still well within one standard error of
@100trillionUSD
's Stock to Flow model.

Source:https://twitter.com/hamal03/status/1187404271328870400

Robert Kiyosaki, I consider a great teacher in financial advice through his books.

Kiyosaki says: «Bitcoin and cryptocurrencies are very interesting»

Quote

"I think it's very interesting. they are facing the Fed - the central bank of the United States - one of the most powerful banks ever created. And they are getting into their territory. It's as if I'm facing McDonald’s. So I think they will step on them. I think it's a very exciting moment.

Although it has some weaknesses with the technological aspects:

Quote

«Personally, I am a technological dinosaur. I can barely use a cell phone. Therefore, it is better that I stay out of cryptocurrencies. So, if you are a young person and you like cryptocurrencies, it could be your place. Again, everything is "do what you love." I love businesses, I love gold […] I love using debt as money, because in 1971 the dollar became debt, and I love not paying taxes legally. ”

Via: YouTube

Guys, what happens is that they are closing the "Shorts", maybe they didn't get more offer at low price levels, people don't want to sell.

When all the "Shorts" close, the price recovers, and they start looking for an offer at higher levels, $ 8.6k and up.

You have to wait, emotions know how to take advantage of whales.

In this analysis:

Quote

$BTC Update

Bullish candle that woke the market, was hedge short myself 1x got stopped out and still up in BTC

Late shorts got punished and literally knocked out all stops

A great start but still want to see price break/close above previous resistance $8,374+

Happy Friday

via: @Josh_Rager

When looking at the volume profile, it is clear that the road to reach $ 10k is not with such resistance, considering that all Shorts close, an effort made by the bulls can quickly reach that level.

BAKKT numbers are very positive, new memories between yesterday and today..

@BakktBot

Bakkt CEO Kelly Loeffler says:

Quote

“The Bakkt Bitcoin Options contract will be based on the benchmark Bakkt Monthly Bitcoin Futures contract and represents another important step in developing this asset class for institutional investors, their customers and investors.”

and confirms:

https://dailyhodl.com/2019/10/25/crypto-platform-bakkt-smashes-record-as-bitcoin-rallies-eyes-regulated-options-for-btc-futures/

More than $ 80Millions of liquidations in Bitmex, for short positions.

source: https://www.newsbtc.com/2019/10/26/bitcoin-price-rips-past-9000-now-up-20-on-the-day/

You can reach $ 10k because there is not much offer at those price levels.

Well now, yes, there is more confirmation:

and Longs:

Apparently the offer at lower price levels is over, so it rose easily to $ 10k, I hope it continues to rise!

It is not much volume and the sail is Long, that means that it is going up because there is no floating offer =)

The earnings are substantial.

Quote

The previous two times Bitcoin saw a >40% daily gain, it was trading at $0.40 and $5.65.

Today, Bitcoin’s 42% swing is the 3rd largest daily gain in price history.

Data via @coinmetrics

Source: https://twitter.com/yassineARK/status/1187916570766561280

Hodl!

Something of Bitcoin Pre-History, very interesting ..

Source: https://twitter.com/fluffypony/status/1188463946916909056

The world would be very boring without the existence of Bitcoin.

Devices to send and receive Bitcoin, without connection of electrical fluid and Internet, inspired by the situation in Venezuela.

Randy Brito, Co-founder and CEO of LOCHA MESH:

Quote

@randybrito
presenting
@Locha_io
Locha Mesh. "Locha" means money/income in Venezuela. They are building an open-source hardware node with antenna to be safe, private and able to be off the grid and send and receive messages and transactions.
@LNconf
#TLC2019

Source: @AnitaPosh

There are 2 devices called "Turpial" and "Harpía" a wireless network composed of nodes that connected to each other allow the transmission of information without the need for connection to the Internet or to the electricity network.

China Merchants Bank, China Merchants Bank is not a small fish, it is a medium-sized financial institution.

Quote

China... China Merchant Bank just announced invested in BitPie, the Bitcoin wallet with longest history and most users back in China ...

Via Twitter: @DoveyWan

If this has helped the price of a good jump, then follow the function!

More Info: https://www.newsbtc.com/2019/10/28/chinese-bank-invests-bitcoin-wallet-president-xis-remarks/

This is good, the masses are calm ...

Source:https://www.coinness.com/news/439890

There is more confidence, the feeling of purchase will begin to arrive little by little.

The supremacy is always remarkable ...

Shitcoins will always be Shitcoins ever and ever again..

Quote

2017: "Bitcoin is defined by the most proof of work chain"
2018: "Uh, the real Bitcoin is the one that abides by the original economic code"
2019: "SATOSHI'S VISION IS GOVERNMENT FRIENDLY AND ANARCHISTS WILL BE SUED INTO OBLIVION"

Source: https://twitter.com/lopp/status/1189175280583270402][url]https://twitter.com/lopp/status/1189175280583270402[/url]

Governments will never control Bitcoin, they think that buying the Hodlers will weaken it.

Ammous:

Quote

“I think lots of (Bitcoiners) will never sell their last coins for any price in fiat. They might have to spend it to survive, but they’ll never accept owning fiat & zero BTC,”

Adam Back, CEO of Bitcoin development company Blockstream:

Quote

“Once Bitcoin reaches saturation, some years down the road, ask yourself (hypothetically) would you diversify vs hodl,” he responded.

At that point it’s still hard to retain value in an inflationary environment, so what are you gonna diversify into even?

Source:https://bitcoinist.com/governments-wont-control-bitcoin-hodlers-will-never-sell-expert/
The way to stop this is to weaken the use, and every time the use of Bitcoin is greater, it facilitates payments, remittances, shops, businesses ... it is something you will never gain.

It is a good time to start, see an increase similar to $ 712 to $ 6,033, although history does not repeat itself, I think there are conditions for them to be fulfilled, and to meet current circumstances.

Source: https://twitter.com/ChartsBtc/status/1189191490200690689

Reaching $ 10k is a very possible goal, it can soon be given ..

It's interesting, I hadn't seen it like that ..

Quote

#BTC #BITCOIN
This will blow your mind! 🤯

I Tried to visualise it

You see those gains? every cycle the gains get divided by 3 BUT the time-span get multiplied by 3!!

If we break ATH expect 2000% / 3 = 666% 😈

New ATH = 130K

Amazing huh?!

Please RT share this shit!!!!!!

Referring to:

Quote

$BTC needed:
👉625 days to break 2011 ATH
👉1245 days to break 2013 ATH
👉It's been only 680 days since ATH of 2017

Think about it for a sec...
Remember Fibonacci?

625 + 625 = 1250!
1250 + 1250 = 2500 - 680 = 1820 day left.

🎯 October 2024

@BTC_JackSparrow think level. 🧠

Source: https://twitter.com/888Velvet/status/1189029370381426690

Halloween Theory of Effect ...

Quote

suggests that buying an asset to hold throughout the winter months will reward the investor handsomely.

Quote

With Bitcoin halving that will take place in May 2020, the potential for an increase this time is the largest in its state. And with the prices expected to reach $ 55,000 per BTC for the next halving in accordance with a widely cited model between stocks and flow, which could lead to the biggest Halloween profit effect however, in Bitcoin, taking the price $ 55,000 as predicted and resulting in an amazing 497% profit from current prices.

Source: https://www.newsbtc.com/2019/10/30/will-bitcoin-price-benefit-from-the-halloween-effect/

Happy Hodlloween!!

It is a favorable superstition if it happens.

I love Italy...

Source: https://www.coinness.com/news/443952

Example to follow for many more countries.

Some data on Bitcoin Performance.

Quote

Seeing a lot of talk about $BTC's "Birthday"

Here's the past performance of this day since 2010.

Source:https://twitter.com/Bitdealer_/status/1189908054118146048

Bitcoin and Stocks Break 2019 Inverse Correlation Trend...

S&P500:

Bitcoin:

Quote

Comparing charts from the S&P and Bitcoin shows compelling — but certainly not conclusive — evidence for the Bitcoin hedge narrative. It is also important to consider the many other factors that might affect correlation data, such as central bank policy, inflation, etc.

There are some analysts who say that if the S&P is in a bullish trend, Bitcoin will do very well due to its low correlation.

Quote

the United States Federal Reserve has added $210 billion to the market over the past two months — an amount greater than Bitcoin’s entire market cap of $167 billion — and one that could make deflationary assets such as gold and Bitcoin attractive to investors.

Source: https://cointelegraph.com/news/bitcoin-and-stocks-break-2019-reverse-correlation-trend-chart-data

Although many ways and discussions of this issue have been established, it is notable that the Bitcoin market has shown itself to shine on its own light, has had its Accumulation and Distribution phases with great success, while some claimed that this deflationary economy represented being a bubble .

Already over the years and see the tremendous potential that has a technological and market level arise this type of analysis, which, is not bad, sometimes I think it is to try to convince those investors who think like Warren Buffet. Bitcoin adoption is getting better.

The adoption of Bitcoin in some countries.

Quote

Countries have a choice: embrace it or become obsolete.

I'm compiling a database with currently 192 countries and 10-20 pro/against indicators (like: monetary base, G7, NATO, 5eye, tax-haven, import/export etc) plus a model which countries are likely to embrace #bitcoin or not

Via Twitter: PlanB

Every crisis has a solution that very few see, some countries like Venezuela and Argentina see refuge in Bitcoin, prefer Bitcoin that FIAT.

Quote

Demand for #Bitcoin in economically volatile regions reached record highs in 2019.

Since 2013, volumes on Argentine peso, Hong Kong dollar, and Venezuelan bolivar bitcoin pairs have exceeded $600 billion in total value.

Via Twitter: @CryptoWelson

Other countries like Italy prefer to use Bitcoin than Credit Cards for online purchases. And worldwide we begin to see the weakening of FIAT.

Source:https://ambcrypto.com/bitcoins-demand-seems-stronger-with-every-weakening-fiat/

Quote from: Bossian on November 01, 2019, 04:20:16 PM

Quote from: LUCKMCFLY on November 01, 2019, 02:51:34 PM

Other countries like Italy prefer to use Bitcoin than Credit Cards for online purchases.

And where exactly did you get this bullshit from?

No country in Europe right now prefer using Bitcoin over credit card , and you are quoting freaking Italy, one of the least modern country in Europe, using Bitcoin over credit card for online shoppping?

and to buy what exactly since 99% of goods cannot be purchased with Bitcoin?

And given that 99% of people have a credit/debit card and probably less than 5% of people have Bitcoin in Italy, your post makes absolutely 0 sense. Cannot believe the shit posted on this forum sometimes

You can corroborate my statements here:

https://es.cointelegraph.com/news/italians-prefer-btc-to-visa-or-mastercard-when-shopping-online

and:

https://dailyhodl.com/2019/11/01/italians-opt-for-bitcoin-in-e-commerce-with-shoppers-gearing-up-for-crazy-deals-on-black-friday-and-cyber-monday/

And there is much more information if you start to investigate a little more.

Bullish Bakkt..

Quote

ICYMI: Thursday's Bakkt Bitcoin Monthly Futures:

💸 Traded contracts: 345 (-49%)
📉 Day before: 676
🚀 All time high: 1183

*bleep blop* tip sats for server costs https://tippin.me/@BakktBot 🤖

Via Twitter: @BakktBot

And Bakkt pairs up with Starbucks:

Quote

“Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for use at Starbucks.”

Source: https://cointelegraph.com/news/bullish-bakkt-company-launches-new-products-as-futures-trading-surges

Now @PlanB will share graphics in real time.

Quote

#Bitcoin halving .. 6 months to go 🚀

As of today I will be using the real time charts at https://digitalik.net/btc for halving tweets.

@digitalikNet
and I have been optimizing data & charts. You now have more beautiful and real time updated charts, and it saves me time: win-win!

https://digitalik.net/btc

It is interesting that now the concern is not to repeat a crisis like that of 2008.

Quote

With the FED creating more money the dollar value deflates even further. Since 1913 the greenback has plummeted in value. According to research, back then a person with $100 could buy the same amount of food, clothing, and other necessities as $2,529 would buy today.

It is taken as an alternative that Bitcoin can provide a solution, it is also of a deflationary nature, it is not printed, your distribution is finite, so it is valued according to the law of supply and demand,that is, there is no inflation.

Quote

Bitcoin, with a predetermined supply, immunity from central bank meddling, and decentralization from any state or nation makes it the perfect solution for this problem. In theory Bitcoin would become the world’s currency giving the control back to the people, not the banks. A massively flawed banking system was the catalyst that spawned Bitcoin in the first place. As Satoshi Nakamoto wrote himself;

“Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.”

Source: https://www.newsbtc.com/2019/11/02/how-bitcoin-can-solve-the-dollar-depreciation-disaster/

The strength of Bitcoin.

Source: https://twitter.com/BitcoinLifestyl/status/1190806756143714304

Co-founder and partner at Morgan Creek Digital, Anthony Pompliano:

Quote

195 days until the next Bitcoin halving.

Less than 3 million Bitcoin left to mine.

Hash rate keeps hitting all-time highs.

We are watching the strongest computer network in the world continue to get stronger and stronger.

Incredible.

Via Twitter: @APompliano

More info: https://bitcoinist.com/bitcoin-fundamentals-are-better-and-stronger/

There is much talk that debt increases in the world's households and saving decreases, the Fed has been manipulating financial markets and lowering interest rates.There is no possible diversification, the best refuge found is through BTC.Then for 2008 the banks were responsible for the global financial crisis, and the perspective that it seems will continue to be the culprits of the next one?

The case of the Institutions accumulating in long.

Quote

Institutional longs at CME - one month high

Could we see a breakout soon > 1.5k BTC?

Via twitter: @skewdotcom

Quote

institutions using the CME “have a good track record for the right directional trade,” having shorted BTC ahead of the Bakkt launch and the subsequent crash.

and:

Quote

This change in institutional attitude, of course, comes after Bitcoin’s historic rally from $7,300 to $10,500 last month, which rekindled sentiment that crypto is in the midst of a raging bull market.

Source: https://links.bitbullcapital.com/institutions-accrue-bitcoin-long-positions-as-price-looks-to-break-past-9300

Guys, here I present to you this prediction model of Bitcoin prices from Math and Tom Lee..

Source: https://www.reddit.com/r/Bitcoin/comments/dr6j77/bitcoin_price_prediction_based_on_math_and_tom_lee/

Calculations of 7-10% per year, not bad ..

Quote

Verification of what I said before: #bitcoin cash & carry (spot buying btc and simultaneously future selling for delivery in 1-6 months) will net you 7-10% annualized return .. almost risk free.
@stephanlivera
and I talk about this in the podcast that will be out later today.

Source: https://twitter.com/100trillionUSD/status/1191293123298832386

Source: https://twitter.com/skewdotcom/status/1191289006027419648

Conservative Strategy

Guys, At a SIMS convention At the Symbiosis International University a fake Satoshi appeared, named Jorg Molt where he was introduced as the "co-founder of Bitcoin."

Quote

Mr. Jorg Molt, Co-Founder, BITCOIN, delivering a talk to SIMS student managers on BITCOIN and its applications. #
@PuneSIMS
# SIMSARC # BITCOIN

Source: https://twitter.com/PuneSIMS/status/1074536827573293056

Also not satisfied with it, he said he has 250,000 BTC.

Until Andreas Anotonopoulos ...

Source: https://twitter.com/aantonop/status/1191007637355323392

No one found out how this guy got a space there for the presentation, and apparently cheated the entire audience.

Things are getting better and better with the adoption of Bitcoin.

Source: https://trends.google.com/trends/explore?q=bitcoin,post%20malone,taylor%20swift,ariana%20grande

Quote

On the 12-month chart, Bitcoin has been trending high against several chart-toppers with a current index of 45 compared to 17 for Ariana Grande and 15 for both Post Malone and Taylor Swift.

Source: https://dailyhodl.com/2019/11/04/bitcoin-searches-top-post-malone-taylor-swift-and-ariana-grande-on-google-trends/

Well waiting for bullish confirmation ..

Quote

$BTC - not really updated the Renko chart, because nothing has changed. Still one solid level that needs to be flipped until I can get excited. $8.6k remains the level that would need to hold if downside pressure is applied. Advantage for bulls, HULL says uptrend.

Source: @ColdBloodShill

Quote

According to a recent Renko candle chart from analyst Cold Blooded Shiller, Bitcoin remains in an uptrend formation. While they argued that the chart implies that Bitcoin will need to flip a resistance level in the high-$9,000s into a support level, they noted that the HULL implies that the uptrend for the cryptocurrency is still intact, even in spite of the slowdown seen over the past few days.

Source: https://en.ethereumworldnews.com/bitcoin-uptrend-intact-price-needs-to-flip-high-9000s-resistance/

Quote from: JayJuanGee on November 05, 2019, 05:02:32 PM

Quote from: LUCKMCFLY on November 05, 2019, 02:02:30 PM

Well waiting for bullish confirmation ..

Quote

Source: @ColdBloodShill

Quote

Source: https://en.ethereumworldnews.com/bitcoin-uptrend-intact-price-needs-to-flip-high-9000s-resistance/

I am a little puzzled about why ethereum folks are wanting to write about bitcoin? Coattail hanger on-ers?

Everyone, even the shitcoiners, know that they have to watch bitcoin first?

They may be looking forpersonal growth, I think they are aware that they must first verify Bitcoin, so that their analysis does not invalidate so quickly, if Bitcoin goes up, the shitcoins still go down a bit, because nobody wants to lose the good Bitcoin movement and quickly for sell their shitcoins to buy bitcoin, then They start with their analysis, I imagine. At the level of market speculation, it is the most logical thing, now shitcoin investors are more strikeouts.

Now China is Pro-Blockchain and Pro-Bitcoin.

Source: @DoveyWan

Quote

On Tuesday evening, Chinese cryptocurrency insider Dovey Wan found that the NDRC has eliminated Bitcoin mining from its list of industries to phase out over time. According to a roughly translated version of the article in question, the “consultation paper” that indicated that the NDRC cryptocurrency mining operations due to environmental damage has been “deleted,” implying that there will no longer be a concerted effort to stem the flow of electricity to China’s Bitcoin miners.

Source: https://www.newsbtc.com/2019/11/06/no-china-isnt-banning-bitcoin-mining-chinese-crypto-insider/

The best of all is that now in China they will have an App that will teach them about Blockchain and Bitcoin, there are already more than 10 million active users, the app is called: Xuexi Qiangguo, but this App in turn will monitor them ..

Oh I like this trend, it is very interesting and elegant at the same time.

Quote

“Cyber-money will no longer be denominated only in national units like the paper money of the industrial period. It probably will be defined in terms of ounces of gold.”

-The Sovereign Individual (1997) Davidson & Rees-Mogg
#bitcoin

Via Twitter: @PlanB

This is getting better every time.

Quote

ICYMI: Tuesday's Bakkt Bitcoin Monthly Futures:

📈 Traded contracts: 1061 (+96%)
📅 Day before: 541
🚀 All time high: 1183

*bleep blop* tip sats for server costs https://tippin.me/@BakktBot 🤖

Source: https://twitter.com/BakktBot/status/1192082718655422464

Bakkt has a slow pace, but it really deserves all the merit possible, it is very likely that the most capitalized entities are attracted even knowing the market risk.

Some observations made by CryptoThies:

Quote

Upcoming $BTCUSD Block Halving - Observations & What to Expect (Should the trend of the previous two continue)

Via Twitter: @KingThies

He says that some time after the historical maximum was broken, it took around less than 300 days for a new maximum both times..

This is very positive, because a massive survey of former US congressman. reveals that the best investment is through bitcoin, it is 29 times more popular than the dollar.

@RonPaul

And According to Nate Geraci, president of ETF Store:

Quote

“When we talk to our younger clients, we have a basic allocation of gold in our portfolios, and they ask us about it and tell us:’ And what about cryptocurrencies? And if you talk to millennials primarily, and ask them what they would prefer between bitcoin and gold, the answer is overwhelming. It is not even something tight, it is as if 90% preferred bitcoin. »

More Info: https://cointelegraph.com/news/ron-paul-survey-reveals-most-prefer-bitcoin-for-10-year-investment

It's interesting: Discrepancy between growth rates of job seeker and employer interest since 2015:

Job seeker and employer interest in BTC roles over time.

Quote

According to the research, the recorded decline in interest in crypto-related jobs took place after the bull run of 2017 reversed to a bear market in 2018. Prior to that bear market, job seeker interest had been notably outpacing demand within year-over-year periods from 2015 to 2016 and from 2016 to 2017.

Annual percentage change in the share of BTC roles since 2015

Quote

The most in demand roles related to cryptocurrency were identified by calculating the percentage of job postings related to bitcoin, cryptocurrency and blockchain during the time period specified and ranking them in order based on the percentage of job postings for those roles during the time period of October 2018 to September 2019.

Source: https://cointelegraph.com/news/searches-for-btc-jobs-drop-53-employer-demand-up-26-in-2019-indeed
https://www.beseen.com/blog/talent/bitcoin-job-market-2019-beyond/

2.33B not bad ...

Quote

BTC’s nominal GDP would be $8.4B, about equal to the world’s 140th biggest economy, assuming only 1 % of BTC adj. transfer value is used for final goods and services.

Check out the full story by
@luyongxu
in this week's issue of State of the Network:

Source: https://twitter.com/coinmetrics/status/1191747248650162176

That is why Bitcoin is among the 140 best economies in the world.

An interesting indicator ..

Via Twitter: @truenomic

Following Bitcoin Difficulty Ribbon:

Source:http://charts.woobull.com/bitcoin-difficulty-ribbon/

In TradingView:

Source: https://www.tradingview.com/script/mW5MOyak-Bitcoin-Difficulty-Ribbon/

And Stock/Flow Model:

Source: https://www.tradingview.com/script/94qYmRLn-Stock-Flow-Model/

I don't know how effective it is, but it draws attention to add it as a plus to our market analysis, it may help to clarify some thoughts.

Apparently, the feeling went from being almost negative to neutral, it may have been a search for brutal stop loss. The bulls are on the play.

Source: https://thetie.io/coin-detail/BTC.X

$15 million: Bakkt Bitcoin Futures Daily Trading Volume Hits New High..

Quote

While bitcoin’s price fell below $9,000, users were active in trading futures, pushing the exchange to its most recent milestone.

Quote

However, Bakkt gained traction at the end of last month as the price of BTC made a resurgence, leading to a 250% jump in volume on Oct. 25.

Source: https://www.cryptoglobe.com/latest/2019/11/bakkt-bitcoin-futures-trading-volume-hits-new-all-time-high/

Via Twitter:@Bakkt

@BakktBot

US Dollar Dominates 65.49% Market Share In Fiat-To-BTC Trading.

Quote

As of 13:14 (UTC) on Nov 9, Coinhills statistics show that the US Dollar is the most traded national currency for Bitcoin, dominating 65.49% of the global fiat-to-BTC market, followed by the Korean Won (17.73%), the Japanese Yen (13.97%), the Euro (1.48%), and the British Pound (0.55%).

Source: https://www.coinness.com/news/454748

The so-called "dollar hegemony" is present, the good thing is that Bitcoin will always dominate.

The adoption will be massive in a very short time, since 50% of financial professionals believe that Bitcoin will surpass S&P 500 in 2020

Quote

According to a study carried out by Chainalysis, a cryptocurrency data analysis firm, across 350 professionals in the finance industry, 48.6% of them believe BTC will outshine S&P 500 index in growth rate in the next 12 months. Comparative to Bloomberg Barclays bond index, the housing index and equities, BTC emerged the favorite asset choice for the financial professionals in the short term.

Source: https://www.coinness.com/news/455282

Nice reading.

Quote

[New Post] Bitcoin's evolution is very similar to the early days of the internet. People should spend less time evaluating where we are today & more time focusing on where we are going.

Technology continues to improve rapidly and Bitcoin is no different.

Via Twitter:@APompliano

https://offthechain.substack.com/p/why-bitcoin-and-the-early-internet

Bullish volume, best that 2017..

The Bitcoin market has recently exceeded activity levels at the end of 2017, when BTC began its historic rally that prices soared to a record high above $ 19,900.

Bitcoin broke 40% above the maximum levels of 2017, much higher!

Quote

Massive volume in Bitcoin

Guess what?

Things are not as they may seem.

Shrinking Spot market volume has been more than compensated for.

Futures have swallowed the Spot market. BTC 90 day Volume was recently 40% more than the 2017/18 peak.

This has powerful implications.

Via Twitter: https://twitter.com/caprioleio/status/1194023819276619778

The "holding" behavior by whales and new funds to attract the purchase of BTC.

Quote

1/ Combining net $USDT & net $BTC flows

Reading chart: Left axis is net $USDT flows - net $BTC flows. So, for example, a $100M tether inflow & $100M btc outflow equals +$200M (both are bullish). In reverse, $100M tether outflow & $100M btc inflow equals -$200M (both are bearish)

Via Twitter: https://twitter.com/ceterispar1bus/status/1194014160599822337

Source: https://bitcoinist.com/bitcoin-90-day-volume-breaks-bullish-above-peak-2017-levels/

Well done ... Bakkt, Singapore

Source: https://www.coinness.com/news/458404

Quote

“We have the intention of offering a cash-settled contract as well,”

https://www.coindesk.com/bakkt-in-discussions-to-offer-cash-settled-bitcoin-futures-in-singapore

Interesting: Elliptical curve in Bitcoin ...

Quote

Neal Koblitz (Professor of Mathematics at the University of Washington) and Victor Miller (CCR) independently co-discovered elliptic-curve cryptography. To ensure that transactions involving #bitcoin are secure elliptic-curve cryptography is used between owners of #bitcoin

Source: https://twitter.com/TheoryBitcoin/status/1194592227886084097

Hyperinflation problems in Zimbabwe. They consider bitcoin as a solution.

Inflation rate skyrocketed to 79.6 trillion percent.

Via Twitter: https://twitter.com/HeyRhett/status/1190781461244366848

Quote

A likely scenario that would result is that some people would begin to trust keeping their money in Bitcoin wallets than in bond notes that a government can theoretically print more of… if more people have their money stored in bitcoin wallets, businesses would see reason to start accepting these Bitcoin as payment which would increase liquidity.

Quote

It appears that bitcoin is the magic bullet that can solve many of the country’s problems. With the nation’s central bank rolling out a new currency, it might be the chance of many citizens to exit the fiat system and consider bitcoin as the alternative.

Source: https://www.ccn.com/zimbabwe-cash-withdrawal-limits-bitcoin/

2019 great year for Huobi and Binance, they have exchanged the most Bitcoin.

Source: https://twitter.com/thetokenanalyst/status/1194510319764361216

From Binance purses we send a total of 136.638 BTC to the Huobi Global Exchange purses, not bad ..

Source: https://www.tokenanalyst.io/analytics

I really admire Binance's ability to have this kind of recovery after suffering that famous attack where they stole a significant amount of Bitcoins.

Updated Bakkt..

Quote

Daily summary of Wednesday's Bakkt Bitcoin Monthly Futures:

📉 Traded contracts: 601 ($5,270,770)
📅 Day before: 1456 (-59%)
🚀 All time high: 1756 (11/8/2019)

Follow
@BakktBot
for realtime updates | Tip sats https://tippin.me/@BakktBot

Source: https://twitter.com/BakktBot/status/1194874928836882432
Waiting for a good movement in their prices.

If the best option is HODL!

Quote

When in doubt? #HODL.

Not holding #Bitcoin on Dec, 7 2017 means you would have missed its largest daily absolute gain of $3,608 (25%).

The chart below (from May 2013, when $BTC hit $100) to now shows the impact of the best performant days on the annualized avg. daily returns.

Source: https://twitter.com/BinanceResearch/status/1194919127065878529

And there are many more reasons to prefer Bitcoin.

Quote

The cause behind this is of course inflation. The United States Federal Reserve prints more USD every year, a practice which Cameron Winklevoss recently called out as 20 trillion reasons to own Bitcoin

Source: https://beincrypto.com/us-dollar-failed-as-savings-technology-highlighting-bitcoin/

Payment volumes between Bitcoin vs. Visa, Master Card and Paypal.

Quote

The volume of Payments And Transactions: BTC vs Payment Systems

🔹 $BTC takes 3rd place by transaction and payments volume outpacing
@Paypal

🔹The average volume of BTC transactions exceeds 462 times the volume of
@Visa

Source: https://twitter.com/CryptoRank_io/status/1194948335175647235

This year, adoption continues to grow and Asian events in recent events can bring that next year to the expected halving, it will surely climb the third place occupied by Bitcoin compared to traditional payment operators.

Region of confluence that could help trigger the next sustained uptrend...

Interesting Vision of the Crypto Dog, Mitoshi Kaku:

Quote

Major confluence coming for $BTC in terms of dates, and walking along that 45 angle too. (Early Bullish Signal, in terms of trends). With matching cycle pivots on the 1W/1M. Time to pay attention!🧐 #CryptoIkagi

Source: https://twitter.com/CryptoSays/status/1195222903056470016

https://www.newsbtc.com/2019/11/15/time-to-pay-attention-bitcoin-nears-major-confluence-level-as-bulls-fight-back/

Bitcoin as "Sound Money".

Quote

Oops! Global debt surged to a record $250tn, led by the US and #China and driven by record-low interest rates. In H1 of 2019 alone, another $7.5tn debt were added. https://cnb.cx/2CHHSF0 via
@RomanWenzl

Source: https://twitter.com/Schuldensuehner/status/1195293766418083841

Quote

How does Bitcoin offer an alternative? Well, for starters, it has a fixed supply capped at 21M BTC. That means that its value cannot be distorted through more minting, therefore functioning as ‘sound money.’

Source: https://beincrypto.com/global-debt-surges--a-recordto-250-trillion-highlighting-a-need-for-bitcoin/

Bitcoin is what the world needs ...

HODL !!

Similar stages, but with different circumstances those presented today, from 2012-2015 there was not as much technology adoption as now.

Quote

Bitcoin 2012-2015 vs. 2016-2019
Price, 200 day moving average, Mayer Multiple

Source: https://twitter.com/ChartsBtc/status/1196449013907615746

In cases of economic turbulence, it is better to choose Bitcoin, some investors are already doing it intelligently, some keeping discretion.

Quote

“If you’ve got to move fast, uncertainty means Bitcoin. I mean, gold, you can’t really carry much of it, it’s hard to store, it’s quite difficult to buy. You can’t just go, I’ll have some of that gold. It’s much easier to buy Bitcoin, and move Bitcoin, and protect Bitcoin than gold. So gold is at a bit of a disadvantage. And it’s old usage as the flight capital of choice is being eroded.”

and:

Quote

“I think Bitcoin could easily go to twenty thousand. I’m expecting it to go to fifty, I’ll be very happy if it were to go to one hundred thousand. And the one million dollar Bitcon number is purely what you get if every Satoshi is worth a dollar, no, sorry, a cent. Let me get that right. So that’s just a mathematical number,” he bullishly noted.

Via YouTube: https://www.youtube.com/watch?time_continue=119&v=g5w2wiuAIA4&feature=emb_logo

Source: https://www.newsbtc.com/2019/11/18/analyst-bitcoin-price-can-reach-50k-on-macroeconomic-uncertainty/

Quote from: JayJuanGee on November 19, 2019, 12:01:21 AM

Quote from: LUCKMCFLY on November 18, 2019, 10:56:03 PM

In cases of economic turbulence, it is better to choose Bitcoin, some investors are already doing it intelligently, some keeping discretion.

Quote

and:

Quote

What do you believe is the date of that interview, LUCKMCFLY, or anyone else?

I know that the linked article is from today, and the download of the video is just a few days ago, but based on the content, it seems that Clem Chambers was describing $6k as an upwards price point for BTC (rather than downwards), which would imply that the interview was in early 2019 - before BTC had broken back above $6k, and maybe even before April 1, 2019. Unless, he was suggesting $6k as a kind of BTC buying opportunity, and that is why he was suggesting $6k as if it were a positive BTC development?

Yes, it is out of context with the reality of the price now and in fact, it refers to $ 6k, although I associated it at the time that Bitcoin began to grow from $ 6k quickly (But I forgot the detail that could have been possibly before of April 1) .Thanks for the clarification JayJuanGee .. Possibly the article seemed relevant to those statements of the interview to show the growth it had from that moment until now.

Quote from: JayJuanGee on November 19, 2019, 04:12:53 AM

Quote from: LUCKMCFLY on November 19, 2019, 02:56:39 AM

Quote from: JayJuanGee on November 19, 2019, 12:01:21 AM

Quote from: LUCKMCFLY on November 18, 2019, 10:56:03 PM

In cases of economic turbulence, it is better to choose Bitcoin, some investors are already doing it intelligently, some keeping discretion.

Quote

and:

Quote

I was puzzled by the context of the statement because the interview seemed current, but the statements about going to $6k seemed quite a bit off. I spent a decent amount of time perusing the article and various webpages including the comments on the YouTube page, and no one seemed to have mentioned it... so it still remains a bit of a puzzle for me concerning exactly when that interview actually took place and yeah it may have been uploaded much later than when it took place, perhaps?

I've been looking the same way, what I got was that it was dated November 15 of this year ...

I followed the sources: https://www.kitco.com/
https://www.kitco.com/news/video/show/Kitco-NEWS/2612/2019-11-15/The-gold-versus-bitcoin-debate-is-still-on-expert-says-$20k -is-in-the-cards-but-for-which # _48_INSTANCE_puYLh9Vd66QY_ = https% 3A% 2F% 2Fwww.kitco.com% 2Fnews% 2Fvideo% 2Flatest% 3Fshow% 3DKitco-NEWS

https://investorshub.advfn.com/

It is really strange ..

Good very good!

Quote

Yesterday, Bakkt breached the $100mln mark in monthly aggregated volume for the first time in its young history.

Via Twitter: https://twitter.com/skewdotcom/status/1196817115967307776

Big Bakkt!

Bitcoin will always give Win-Win results ..

Quote

Even though the price of #Bitcoin is down to almost $8.100, it is important to highlight that the crypto-asset has a STRONG bottom

What does this mean?

It means that with the current price, 61% of the addresses holding #BTC would make a profit if they sold their position today

Source: @intotheblock

Hodl is the best option,

Panic and Fomo bad counselors.

Quote

1/ The 5 key stages of Bitcoin market cycles.

(and why there is no need to overly panic about price action at the moment)

Quote

2/ Looking at the total macro market, so far...so much like previous cycles.

Price broke out of 2yr MA and retested it yet again.

Likely we grind sideways in this blue zone before we start to track up into the bull run (yellow, orange, then red).

Quote

3/ Lots of talk about miners last couple of days

Looking specifically at miners, yes it makes sense there is still some selling pressure but I think it will be limited and will play out in next 2-4wks

Miners are ONE important part of the ecosystem, not the only important part.

Quote

4/ Overall, patience is the key requirement right now.

As is being aware of emotions such as apathy and fear.

So far in this cycle, everything continues to go to plan for Bitcoin.

Source: https://twitter.com/PositiveCrypto/status/1196784986013216768

Quote

the creation of losers and winners is also a matter of emotion, a combination of FOMO to buy at climbing prices or near the peak, or panic-selling near the bottom.

Source: https://bitcoinist.com/hodling-pays-61-of-bitcoin-owners-could-sell-at-profit/

How much this market can improve based on Bitcoin having the ability to rescue German savers from negative interest rates...

Quote

German banks had agreed not to levy negative rates on depositors with less than 100,000 euros in their savings account. But, Germany is not alone. Interest rates are set below zero in Switzerland, Denmark, and even Sweden. The idea behind negative interest rates is to encourage depositors to ditch their savings and move into an investment mode. This is where some could consider Bitcoin.

It is important to consider:

Quote

Once the economy suffers inflation and consumer’s spending power drops, they will look for a hedge of protection. This is where Bitcoin can provide stability and protection for investors whose spending power is continually being eroded by the cluelessness of the banks.

@pierre_rochard

Source: https://beincrypto.com/bitcoin-can-rescue-german-savers-from-negative-interest-rates/

According to the head of investments at Arca, Jeff Dorman, said:

Quote

“Bitcoin price action is a continuation of themes that have developed since this summer. Volumes are low, no new money is coming into the ecosystem, and stocks/bonds/gold are all up double-digits year-to-date, which makes the non-crypto world lose focus on this emerging asset class.”

At the moment I see the market as a good buying opportunity.

Quote

Is #Bitcoin forming a "Diamond Pattern"?

If so, the chance of a break up is 70%, and the chance of a break down is 30%.

Personally I'm not too sure about it, but let me know below what you think!

Via Twitter: https://twitter.com/themooncarl/status/1197083555165290496

Source: https://u.today/bitcoin-in-2140-price-of-just-1-satoshi-may-be-unbelievable

The Bitcoin market, the shortage is part of the hope of higher market prices.

Quote

BTC expected supply was 18,000,000 at block 600,000.

But there are over 1,500,000 coins that are assumed lost.

And many more that were stolen and haven’t moved since...

Read the full break down by
@khannib
in this week's State of the Network:

http://coinmetrics.substack.com

Source: https://twitter.com/coinmetrics/status/1196829503970041856

Quote

Bitcoin has between 500,000 and 700,000 active addresses per day, and the number of unique addresses hovers around 500,000. Hundreds or thousands of coins are being moved for active trading each day, and simply holding the coins has not led to appreciation. Rather, trading activity and liquidity has led to discovering the higher BTC prices.

Source: https://bitcoinist.com/bitcoin-supply-less-than-18-million-coins-due-to-locked-wallets/

Hey guys, I think this about the market, seeing it on Tensorcharts.com, I see that the candle is long, but with little volume, it can be seen in the table that there are sales, it may be because of FUD, panic, because there was enough supply.

And seeing the "Shorts" are not fully open, just a little ...

I think that at any moment there can be a great rebound and recover the price ...

Bakkt is prepping to launch Bitcoin to USD settled Futures on December 9..

Quote

On December 9, the
@Bakkt
Bitcoin (USD) Cash Settled Monthly Futures contract will launch at ICE Futures Singapore.

Read the press release: https://ir.theice.com/press/press-releases/all-categories/2019/11-21-2019-235911370

Source: https://twitter.com/ICE_Markets/status/1197699516570443776

Quote

“Bakkt Bitcoin Cash Settled Monthly Futures will be settled against data from the physically delivered Bakkt Bitcoin (USD) Monthly Futures contract, the first fully regulated futures market for digital assets,” reads a press release from the company.

Source: https://beincrypto.com/bakkt-launching-bitcoin-to-usd-settled-futures-contracts-on-december-9/

This is within the odds, and I think they are very high: The level of Bitcoin support could trigger an explosive movement of bulls, if defended.

Quote

In the near-term, it is highly likely that Bitcoin will pause its descent at this level, as the $6,900 to $7,200 range marks the crypto’s “golden pocket,” which may allow it to find some much needed buying pressure that catalyzes a short-term rally.

Source: https://www.newsbtc.com/2019/11/22/bitcoin-support-level-may-spark-explosive-bull-movement-if-its-defended/

Updated Bakkt!!

Quote

Daily summary of Friday's Bakkt Bitcoin Monthly Futures:

📈 Traded contracts: 2728 ($20.30 million, +66%) (New ATH 🚀)
🚀 All time high: 2728 (11/22/2019)
💰 Open interest: $1.75 million (+29%)

Follow
@BakktBot
for updates - Sats welcome @ https://tippin.me/@BakktBot

Source: https://twitter.com/BakktBot/status/1198138787244716032

Bitcoin HODLers....

Quote

Even with the recent correction, Bitcoin market prices are at a moon-like level in comparison to prices just eight years ago. Back in 2011, BTC was a niche asset with trading just starting off, conquering the $1 for the first time, after climbing from a few cents.

Quote

👑#BTC Log Scale👑

We are getting close to some important levels. Bounce is most likely just around the corner

- 50% retracement log scale
- Bottom of PF
- Golden zone of fib circle

Expecting a B wave up and then a last move down as a C wave

Source: https://twitter.com/theo_crypto99/status/1197877314224300032

Quote

In the short term, BTC has also shown its price recovery capabilities. After dipping just below $7,000, the Bitcoin price quickly bounced above $7,300.

Source: https://bitcoinist.com/bitcoin-btc-return-astronomical-with-eight-year-timespan/

Bitcoin Climbs from Recent Lows as Bulls Fight Back

According to :

Quote

$BTC #Bitcoin 1 hour decision point

Source: https://twitter.com/BigCheds

Good...

Quote

Updated #bitcoin values with new beta and risk free rate. S&P 500TR is used as the market proxy and 1-yr CMT as RFR.

Source: https://twitter.com/nsquaredcrypto/status/1195385537093341185

Quote from: Millionero on November 24, 2019, 02:42:55 PM

Quote from: LUCKMCFLY on November 24, 2019, 02:09:58 PM

Good...

Quote

Updated #bitcoin values with new beta and risk free rate. S&P 500TR is used as the market proxy and 1-yr CMT as RFR.

Source: https://twitter.com/nsquaredcrypto/status/1195385537093341185

Am I reading correctly? It looks like
ln(p) = a(y-k)^2 + h = t
I'm not understanding it.
Can somebody please 'splain me?

Yes, the red part is of the same function, that is the behavior it has for its mathematical modeling ...

You can simulate it in Matlab or other Software for you to see.

Quote from: El duderino_ on November 24, 2019, 03:47:55 PM

Wanna know how to get rich?

Buy cheap when everyone is scared. Then wait, and do nothing.

Sit on your hands. Smoke some cigars. Read some books. And continue to do nothing.

Sell when everyone is euphoric. Then wait, and do nothing.

Buy again when everyone is scared...

https://twitter.com/btc_macro/status/1198365753537286144?s=21

Been said numerous times... though I don’t sell but still these lines can help some guys

That is what the intelligent investor must do, in the investment books that is the basic principle, the key is to have the patience to be able to obtain benefits. Sometimes the market is moved by emotions and it is great to take advantage of them to operate that way. Great advice!

The crises in some countries of South America, is making adoption much faster, inflation, economic problems are ravaging, began by Venezuela, is spreading to Chile, Colombia, Argentina.

The volumes are increasing, so far people see Bitcoin as a great refuge, in fact the best.

Quote

They say the dollar rate in ordinary markets is 800 Chilean Pesos (CLP) to the dollar. Their analysis of the dollar rate in bitcoin crypto exchanges and markets, however, concludes one dollar is worth 830 CLP.

Quote

Many are taking their chances with bitcoin where some $2 million worth of bitcoin volumes exchange hands weekly just on the peer to peer platform, Localbitcoins.

Quote

Colombia is next to Venezuela, so some of this volume might be related to the very dire situation in their neighboring country, but the economy of Colombia is not doing great in real terms as it is contracting by 1% to 0.5% every quarter when we account for inflation.

Source: https://www.trustnodes.com/2019/11/24/bitcoin-premium-develops-in-chile-adoption-spreads-in-colombia-amid-global-protests

For Andreas Antonopoulos fans:

Quote

Bitcoin saves people from clutches of financial surveillance: Andreas Antonopoulos

I like this thought ..

Quote

Andreas Antonopoulos opined that the next economic collapse will affect cryptocurrencies, owing to the presence of institutional interest, but Bitcoin and other digital assets will be recognized as safe havens once people realize that centralized systems will fail.

Source: https://eng.ambcrypto.com/bitcoin-saves-people-from-clutches-of-financial-surveillance-andreas-antonopoulos/

This analysis is under Wyckoff's theory, according to a smaller fractal, the bullish trend phase is likely to begin to be fulfilled ...
we can expect that we can expect a price recovery.

https://twitter.com/TradingCryptoES/status/1198952523207454721

The tweet is of Hispanic origin, but the market view is interesting ..

Bulls can boost the resistance zone from $ 7,337.78 to $ 7,702.87, the chances of a deeper fall will decrease.

Source: https://www.caneislandcrypto.com/blog

The massive adoption of Bitcoin will undoubtedly increase market demand.

Quote

Bitcoin’s network value, expressed in USD market cap, has a high correlation with the level of network activity, expressed in dollar transaction value (TV$). The chart below shows the direct link between the Bitcoin price and the 12-week average USD transaction value.

Quote

The Bitcoin price is also driven by the active stock moved on-chain. If we analyze the HODL waves, we can see that bull markets are associated with an increased proportion of moving Bitcoins.

Source: https://bitcoinist.com/bitcoin-bulls-favorite-stock-to-flow-model-is-flawed/

It may indicate the beginning of the good price recovery.

Quote

It's very clear what the market thinks of this latest selloff!

Bitcoin buy positions (blue line) are at their highest level since February, while bitcoin sell positions (orange) are near their lowest level ever.

Data from
@bitfinex
displayed by
@tradingview
.

Source: https://twitter.com/MatiGreenspan/status/1199222953658990594

Quote

Despite the relatively choppy market, some major market players have been doubling-down on their Bitcoin holdings. Yesterday, BeInCrypto reported that one whale added 14,074 BTC to their Bitcoin holdings, bringing their total to 31,850 BTC ($231M). Two days ago, another whale moved some $337M worth of Bitcoin for just $0.40. In short, when in doubt, follow the money. Bitcoin’s on-chain activity seems quite active as of late.

Source: https://beincrypto.com/bitcoin-buy-positions-spike-to-highest-level-since-february/

Good things can come ..

Quote

#Cryptos could be seeing the end of a torrid selloff but volatility is likely to persist.
@MatiGreenspan
tells #DaybreakEurope's
@rdhearing

@chepker
Bitcoin support is now at the last remaining Fib level. https://bloom.bg/2pQm0UZ

Source: https://twitter.com/BloombergRadio/status/1199226188826324992

It would be good that this December taking advantage of the demand generated in the market can increase the price of Bitcoin.

Quote

$BTC

all i want for christmas is this PF to hold

Source: https://twitter.com/CarpeNoctom/status/1199226420771332097

10k objective. It is very possible.

The volume profile indicates that it can arrive without much effort, the bulls can achieve it .. It would totally change the face of the market.

According to Katie Stockton:

Quote

She sees a breakout above $10,000 as a “a nice positive catalyst from a technical perspective”, but says traders will need to keep a watching brief for a confirmed breakdown or a bullish breakout

Source: https://en.ethereumworldnews.com/bitcoin-price-fragile-bullish-breakout-possible-above-10000-upbit-hack/

One look, it may be a good omen ...

Quote

#BTCUSD $BTCUSD $BTC #BITCOIN

🚨BULL ANNOUNCEMENT:

👉NOVEMBER = IMPORTANT MONTHLY CLOSE!

DEFEND:
✅DIAGONAL BULL CHANNEL
✅TRIANGLE
✅RSI +50
✅20SMA (BB band)

IF YOU SUCCEED YOU WILL BE REWARDED WITH A BULLCROSS NEXT WEEK 50MA/100MA = 🚀

Then Bears can BTFO!

Drop MIC 🎤
🤟

Source: @888Velvet

PlanB:

Quote

What caused 2018 #bitcoin bear market? CME futures, MtGox curator selling, ICO crack down, Bitmain troubles? Nobody knows.

What I do know is: 2017 ATH was out of S2F model prediction bands, and 2018-2019 prices were perfectly within S2F model band. Looking forward to 2020-2021.

Source: https://twitter.com/100trillionUSD/status/1199744234791804930

Interesting Bitcoin Charts thread.

Quote

Quick thread of charts for talking bitcoin this Thanksgiving

Bitcoin price history with S2F and mining info

Source: https://twitter.com/ChartsBtc/status/1199780006169214976

Hi WO!!

Bakkt update ..

Quote

Daily summary of Wednesday's Bakkt Bitcoin Monthly Futures:

📈 Traded contracts: 5671 ($42.52 million, +148%) (New ATH 🚀)
🚀 All time high: 5671 (11/27/2019)
💰 Open interest: $4.16 million (+6%)

Follow
@BakktBot
for updates - Sats welcome @ https://tippin.me/@BakktBot

Source: @BakktBot

Nice face!

Quote

BTC/USD | $BTCUSD | $BTC $USD

BTCUSD Is Smiling With It's H&S Bottom

Long or short it on WCX: http://wcex.com/trade/BTC-USD

Source: https://twitter.com/IdeasPrime/status/1200068331144962048

$8k is resonating a lot out there ..BTC

Quote

Bitcoin may be on its way back to $8,000 https://bloom.bg/34zVC0L

Source: https://twitter.com/crypto/status/1200462907315773441

History may be repeated, but with different scenarios :

Quote

1/ Looks like Bitcoin is trying to get back above the 2yr MA after it dipped below it in the past week when price capitulated.

Would be very bullish if we can get a few days closing back above that level.

Until then, cautious optimism (as it was a promising capitulation).

Quote

2/ Zoom out to see why.

Once we retest the 2yr MA and close above it, that has historically signalled the start of a mega bull run.

Source: https://twitter.com/PositiveCrypto/status/1200396062764290048

Great activity, possible market movements ..

Source: https://twitter.com/whale_alert

Waiting for the good bullish rally .. Roll Eyes

According to CryptoCompare:

Quote

Bitcoin is trading at $7,524, down just over 2.5% in the past 24-hour period

Quote

maybe Bitcoin is down today is due to the slight nervousness and uncertainty in the crypto market as the result of the announcement on Friday (around 18:17 UTC) by the office of Geoffrey S. Berman, the United States Attorney for the Southern District of New York, regarding the arrest of Virgil Griffith

And the opinion of an Analyst:

Quote

$BTC could be reversing here after a short term uptrend

Remember, the overall trend has been down, though price can't move straight down and this relief was needed short term

Price could have certainly hit local top here as we move closer to the weekly close

@Josh_Rager
Source: https://www.cryptoglobe.com/latest/2019/11/bitcoin-pauses-to-catch-its-breath-after-a-four-day-run-to-7827/
It may indicate price recovery.

This December I have the hope that the demand in the market will grow, I have always seen that the demand of DeepWeb increases in December and the price increases, I hope this month is something similar to that of 2017 and not of 2018 ...

If the feeling is "Extreme Fear", it means that weak hands will sell .... It's a good time to buy some Bitcoin for anyone who can do it.

Source: https://www.coinness.com/news/482858

PlanB: 5 months!

Quote

#Bitcoin halving .. 5 months to go 🚀

For miners: production cost of 1 btc will double

For investors: stock-to-flow (unforgeable scarcity, inability to inflate stock) will double

Source: https://twitter.com/100trillionUSD/status/1201122852004605952

Little by little the moment approaches ...

Quote

Update on $BTC #Bitcoin Halving - Dec 1st 2019

Block Halving ETA: 164 days, 20 hours, 52 minutes

Date ETA: May 14, 2020

Blocks Until Halving: 23,791

*Retweet for awareness*

Source: https://twitter.com/BigCheds/status/1201234574107447298

Hodlers!!!

Quote

11,580,00 bitcoin have not moved in over a year.

Even with a 85% increase in price during that time, those millions of bitcoin were not sold or traded.

Hodlers of last resort are insane.

Source: https://twitter.com/Rhythmtrader/status/1201264872941600774

Bullish activity is approaching in the market ..

Quote

3 Key Metrics Suggest Bitcoin Price Has Completed Its Macro Bear Cycle

Many may still be pessimistic, but bullish growth will be imminent.

Source: Coin360.com

Quote

when the weekly candle closes, the MACD should paint a very different picture, a picture that shows the bleeding is coming to an end. This coupled with the week ahead means that traders could see a 7% increase if the CME gap is filled and the MACD could even cross bullish by Dec. 9.

Source: https://cointelegraph.com/news/3-key-metrics-suggest-bitcoin-price-has-completed-its-macro-bear-cycle

A comparison of Halving with previous cycles ...

Quote

Here's a version with prices for pre & post 3rd halving for context. Keep in mind that each cycle peak will likely be lower than the prior one.

Source: https://twitter.com/ChartsBtc/status/1199458935591198721

Quote

Each cycle is 210,000 blocks (~4 years). This chart starts half way through the cycle and goes half way into the next cycle. This is my attempt to show the lows prior to halving and the peaks post halving but keep everything centered around the halving.

As they explain they say that each peak of the cycle will be lower than the previous one.

Source: https://news.bitcoin.com/how-the-upcoming-bitcoin-halving-compares-to-previous-cycles/?utm_source=dlvr.it&utm_medium=twitter

Hi Wo! The winner of the Golden Ball! Messi!!

Quote

Can you believe this?! Six #ballondor for Lionel Messi 👀 How much more to come?

Source: https://twitter.com/francefootball/status/1201603759626997763

https://www.theguardian.com/football/live/2019/dec/02/ballon-dor-2019-football-awards-messi-van-dijk-rapinoe-live

How many BTC will Messi have?

Bitcoin-Gold Correlation

Quote

Bitcoin correlation with gold at its highest in history.

Fiat currencies are at risk of extreme dilution while backed by record indebted governments.

Now 45% cheaper than 5 months ago, a small position in $BTC is a call option on currency wars & inflation.

Source: https://twitter.com/TaviCosta/status/1201587231707807744

Innovation in BTC

Quote

Relatively new initiatives and show a more complete picture of Bitcoin stack technology.

Users when using Lightning can make transactions privately on the use of additional techniques and network layers, such as Tor, from here the percentage of private use of the lightning network can be estimated by analyzing the number of channel opening transactions in the chain compared to the number of public channels outside the chain.

Quote

Bitcoin, in its totality, is a constantly evolving suite of protocols.

Source: https://medium.com/@LucasNuzzi/a-look-at-innovation-in-bitcoins-technology-stack-7edf877eab14

Nice Chart..

Quote

This chart is hard to read but I believe it says “Buy bitcoin and hodl for 4+ years”.

Source: https://twitter.com/ChartsBtc/status/1201889745040576512

I also see it as buying and Hodl!

Many are prepared, that's why Hodl!

Quote

Past perfomance are not suggestions for the future but , are you ready if this happens?

Source: https://twitter.com/BallRuner/status/1201968470302302213

Capitalization of the Bitcoin market, one of the largest ..!

Source: https://twitter.com/balajis/status/1202057047962988545

According to Balaji Srinivasan, The co-founder of Earn, Teleport, CoinCenter:

Quote

Bitcoin is literally the biggest (and arguably best) unicorn of the 2010s. Uber has a market capitalization of $50 billion, Google says, and Airbnb has a pre-public valuation market capitalization of closer to $35 billion, making them both smaller than Bitcoin’s $130 billion market cap, even in aggregate.

Source: https://www.newsbtc.com/2019/12/04/bitcoin-the-biggest-unicorn-of-the-2010s-market-cap-higher-than-uber-airbnb-combined/

Gradually climbing to better Bitcoin places, adoption will certainly help ..

Quote

Bitcoin, by market cap, is the ~25th largest global entity yet it has no marketing department, no budget, and zero debt. The case for decentralised services is strong.

Source: https://twitter.com/LlewMorkel/status/1202237587739627520

Nice... Bitcoin= 6 Onces of Gold

Quote

"As a thought experiment, imagine there was a metal as scarce as gold but with the following properties: boring grey color, not a good conductor of electricity, not strong, not useful .. and one special, magical property: can be transported over a communications channel" Nakamoto

Source: https://twitter.com/100trillionUSD

Interesting..

Quote

The impact of having 1% of a portfolio in Bitcoin

Therefore, it is of no surprise that investors have shown considerable interest in owning Cryptocurrencies such as Bitcoin

Continue reading at http://bbfta.org

Source: https://twitter.com/BritBlockchain/status/1202596214736392192

Many claim that Strong Gold Performance to Boost Bitcoin, In fact, gold could benefit from Bitcoin ..

According to Mike McGlone ( Bloomberg Intelligence commodities analyst )

Quote

The “Bitcoin is digital gold” narrative isn’t the only reason why the analyst is bullish on the cryptocurrency market heading into 2020. McGlone also wrote that Bitcoin is “winning the adoption race among crypto assets and is become increasingly scarce, which favors price appreciation.

Many expectations for Bitcoin by 2020, including:

Quote

1.- The strong growth in U.S. equities, namely the S&P 500, implies that investors will soon start allocating more capital to risk-on investments like Bitcoin and cryptocurrency.

2.-The halving.

3.-While China has taken a harsh stance towards Bitcoin thus far, he noted that the authorities in China remain pro-digital assets because they are pro-blockchain.

A nice reading here: https://www.cryptomak.co.uk/bloomberg-bitcoin-price-likely-to-head-higher-alongside-gold/?utm_source=dlvr.it&utm_medium=twitter

According to the chart, the behavior clearly indicates that we are at the beginning of a good bullish rally.

Quote

4/ Also keep an eye on Bitcoin Network Momentum

At this point in prior cycles, we saw rapid increases in on-chain BTC volumes for 6-10wks b4 bull market started

Worth watching for now to see if this repeats following recent uptick

@woonomic
version with coinmetrics data is 🔥

Source: https://twitter.com/PositiveCrypto/status/1202627555016220674

Bitcoin gaining more ground, this is a good omen ..

Quote

Cryptocurrencies' market cap is now totaling $201.88 billion

In the last 24 hours, the trading volume was equal to $61.84 billion

Bitcoin $BTC's market cap share is currently at 66.85%

Source: https://twitter.com/CryptoGulp/status/1202777316000256000

Quote from: BobLawblaw on December 06, 2019, 04:12:57 AM

Quote from: LUCKMCFLY on December 06, 2019, 03:05:19 AM

Source: https://twitter.com/CryptoGulp/status/1202777316000256000

I'm wondering why Tether is traded so much. Any ideas ? I'm not a trader, so... yeah.

I think one of the reasons is because people believe they are saving dollars, they see it better to leave it in Tether than in a bank (although they do not know what they are doing), and it also influences the crypto market in China, everything may be happening to tether for the Fud to Bitcoin.

Bitcoin and Gold ...

Quote

Interesting chart: Bitcoin has been increasingly correlated with gold (although the correlation level is still relatively low).
@100trillionUSD

@MarkValek

@MarkYusko
#btc #gotgold

Source: https://twitter.com/RonStoeferle/status/1202914857043058689

Fully in accordance with Plan B...

Quote

Governments fight money laundering, terrorist financing and protect consumers with AML/KYC targeting bitcoin, but sacrifice privacy.

But why? Banks do money laundering, terrorism is not a big threat and KYC puts consumers at risk (eg Equifax): BTC doesn't need personal data!

Source: https://twitter.com/100trillionUSD/status/1202948823460524032

I want to see this candle in green at the end of this 2019 Cool

Quote

Bitcoin yearly candles

Source: https://twitter.com/ChartsBtc/status/1202975974129713153

This means that the next ATH will be very good.

Quote

The total number of #bitcoin addresses that hold any amount of #BTC has hit an all-time high at 28.39M addresses, surpassing the previous ATH of 28.38M (achieved on 1/10/18). 🤑👍

Source: https://twitter.com/sonnyleyba/status/1203066520819027968

Nice Model for ATH..

Quote

Days since last ATH

https://digitalik.net/btc/days_since_ath

#bitcoin #btc

Source: https://twitter.com/digitalikNet/status/1203112269678284800

Is a interesting chart...

Quote

Last 7 days BTC netflows across 11 exchanges. Data by
@thetokenanalyst
(I've used our enterprise websocket feed to generate this chart) #btc #onchain

Source: https://twitter.com/madewithtea/status/1203255944009961473

Quote

Average monthly spreads, expressed as a percentage of the price, range from 0.045 percent on Coinbase in March, to 0.304 percent on itBit in July. For comparison, bid-ask spreads on Vanguard ETF products right now range from 0.01 percent to 0.09 percent.

Quote

Exchanges' activities on the bitcoin network tend to follow predictable patterns, indicating net inflows. However, large balances often move in unpredictable ways and it can be difficult to distinguish the flow of capital from a change in custodial practice

Source: https://www.coindesk.com/bitcoin-volatility-is-up-liquidity-stagnant?utm_source=dlvr.it&utm_medium=twitter

Quote from: fillippone on December 07, 2019, 10:43:16 PM

Quote from: LUCKMCFLY on December 07, 2019, 09:17:50 PM

Is a interesting chart...

Quote

Last 7 days BTC netflows across 11 exchanges. Data by
@thetokenanalyst
(I've used our enterprise websocket feed to generate this chart) #btc #onchain

Source: https://twitter.com/madewithtea/status/1203255944009961473

Quote

Source: https://www.coindesk.com/bitcoin-volatility-is-up-liquidity-stagnant?utm_source=dlvr.it&utm_medium=twitter

Once again good work, LUCKMCFLY, even if I think 2 of 3 graphs need more analysis.

Please tell me what should I read in the first chart: I see an horizontal line of dots without any meaning, to me at least. Also: what is an inflow? Fiat inflow? Or everything inflow? In any case: how do you measure it? If I weren’t a polite person I would say that graph is garbage.

Second chart is very interesting: 10 BTC is quite an institutional size, I see many guys willing to trade 10 BTC at once. I am quite surprised seeing Coinbase topped ho that list. Also surprises me seeing Gemini so in the back seats.

Third graph, again it would be interesting, but we know too little about storage management from exchanges to infer really useful informations.

Hi fillipone, thank you very much and of course I published that 1st chart because I associated it directly to the data offered by tensorcharts.com:

In the yellow box that I remarked belongs to the volume zone, each ball represents data of purchases and sales, where it is an indication of the number of operations by volume, when the translation is made in the volume it seems as if it were linear, and that's why it looks horizontal and they did it for several Exchanges, it's like a compendium of the same, I found it interesting to show it.

The second and third chart I show because I want to emphasize something interesting, they only limited to show the 10BTC trade, and they do it to inform according to:

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Where they wanted to capture this information through the graph, and as you say we know very little about the storage management of exchanges to infer very useful information.

And according to this I think 2 things that have helped me a lot:

1.- As there is no consolidated Volume for the Bitcoin market, these statistics are not completely reliable, but it brings me closer or gives an idea of what may be happening over the years.

2.- I have learned that when in the part of (100-1000) BTC when it reaches 75-80% it gives me confirmation that the bullish trend phase began.( It is currently at 61.87%, according to the table.)
Of course, it is my way of seeing and taking advantage of these graphs and it helps me to identify the phases of the market well, starting from this premise because that is when the offer ends, representing 75-80% of accumulated bitcoins and is ready to raise price.

Note: I think that there is still no consolidated volume where I take into account all the existing volumes in all Exchanges, because they do not take into account the volumes of Korean Exchanges, some of localbitcoins and that information is very important, however I consider that many Strong Hands do they have this tool through development that some programmers have implemented and they pay for them, only for their exclusive use.

And tensorcharts.com is one of the tools that I have achieved very useful because the green and red volume part represents: green = purchases, red = sales, has a very real order book, and the version that is through payment offers a profile volume well adapted to reality.

BITCOIN / GOLD Ratio...

Quote

BITCOIN / GOLD Ratio currently stands at 5.15 and has risen +2.97% in the last week of trading against gold. (against the SP500 it risen +2.52%)

Source: https://twitter.com/BitcoiF/status/1203726525352349697

Could it be repeated again?

Some patterns are often repeated and stories may be repeated sometimes, but the current circumstances are different.

Quote

In a few hours’ time, Bitcoin’s weekly chart is expected to print a golden cross of the 50-week and 100-week simple moving averages, with the former crossing above the latter. As an analyst recently pointed out, the last time this was seen, BTC surged by 75% in the four to five weeks that followed the cross.

Quote

The much anticipated weekly candle close for $BTC

The 50/100 MA golden cross is all but confirmed & we're closing on a bounce above fibonacci support from the December bottom in 2018 to the 2019 top

The last golden cross on the weekly led to 75% gains in the following weeks 🚀

Source:https://twitter.com/LilMoonLambo/status/1203726586488508417

On the other hand..

Source: https://twitter.com/crypto_birb/status/1203343292915687424

Quote

This difference seems to imply that Bitcoin is unlikely to see a 75% gain, which would bring the cryptocurrency to $13,000 from current prices, in the coming weeks.

Source: https://www.newsbtc.com/2019/12/09/last-weekly-golden-cross-led-bitcoin-rally-75-same-happen-now/

Important movements are expected in 2020, as we are close to the Bitcoin halving, trade war between the U.S. and China, Stablecoins, the largest adoption of Bitcoin, I think all this adds up and will affect Bitcoin positively.

Analysis by Tom Lee ..

Quote

We may be about to test
@fundstrat
's theory.

S&P up 27% in 2019. Up 4% from November breakout.

Will a rising S&P tide bring the Bitcoin boat up also?

“Bitcoin does best when the S&P’s up more than 15%.”
- Tom Lee

Source: https://twitter.com/caprioleio/status/1203628681903689728

Bitcoin vs. World's Megacorps

It is without a doubt the best Investment:

Total return (%) with Investment of $ 100 10 years ago:

Quote

1. Bitcoin: 9150088%
2. Amazon: 3,156%
3. Manzana: 2,345%
4. Visa: 1,597%
5. Microsoft: 899%
6. JP Morgan: 433%
7. Facebook: 420%
8. Berkshire Hathaway: 228%
9. Johnson & Johnson: 216%
10. Walmart: 171%
11. Alibaba: 108%

A interesting article,

Source: https://howmuch.net/articles/biggest-companies-vs-bitcoin-last-decade-performance

If we take into account that these actions its important movements are every 10 to 8 years, Bitcoin in its first 10 years has been much better, which means that due to its nature it can be predicted that the next growth of Bitcoin will be much more high, which is still the best investment in the world with respect to the Stock Market.

Quote from: JayJuanGee on December 10, 2019, 06:38:07 AM

Quote from: LUCKMCFLY on December 10, 2019, 04:44:00 AM

Bitcoin vs. World's Megacorps

It is without a doubt the best Investment:

Total return (%) with Investment of $ 100 10 years ago:

Quote

That's a ridiculous assertion. Bitcoin had absolutely no value when it launched, and it took nearly a year and a half to get some kind of idea of possible value (with the pizza transaction), and maybe a couple more years to get any kind of meaningful exchange trading with MTGOX and some of the limited number of exchanges to cause some kind of possibly meaningful liquidity.

Probably more fair to start measuring BTC price or value from 2012, if not a bit later.. but hey.. we can assess that there was some liquidity and price finding abilities that were starting to occur in 2010 and 2011 - but still seems a bit too damned niche in those earliest of days to even be attempting to compare with start-up companies with some track recored or even mature companies/investments, like the ones listed.

Well, yes, maybe it was because the author of the article did not take into account that after the pizza transaction started everything, the truth is that that detail I missed, thank you very much, it is a golden observation ... Then the graphic obviously it would have another form, judging by mathematics, it would have to have a horizontal behavior and not pronounced from the beginning ...

Some variations that have made the PlanB model. It catches my attention because PlanB liked it.

Quote

For this, i calculated the vecm for each month and took the confidence intervals from the models. for the forecast part, i used the confidence interval from the last model. this last part is the interval given by exp(-2.443379)*sf^3.189581, exp(-2.443379)*sf^3.713882.

Quote

here. I plotted the CI expansions for each VECM snapshot, and then used the last CI for the forecast range.

Source: https://twitter.com/phraudsta/status/1204329006641762304

Source: https://twitter.com/phraudsta/status/1204370743976284160

Nice Chart, Bitcoin Price History....

Quote

Prices of December 10th

Source: https://twitter.com/ChartsBtc/status/1204498427674939393

Many positions in Longs ... Maybe the offer does not appear in the levels...

Quote

Someone is longing the hell out of bitcoin.

Source: https://twitter.com/zackvoell/status/1204406439160242177

Quote

While looking at the chart that Voell referenced above, it is clear that there is an inverse correlation between long/short positions and price movements, as long positions dived to multi-year lows in March of 2019 when BTC was trading at yearly lows in the $3,000 region, just before it began a massive rally up to $13,800.

Source: https://www.newsbtc.com/2019/12/10/bitcoin-longs-are-rising-rapidly-today-but-why-is-its-price-not-moving/

I like the approach with Elliot Waves, particularly I like to use them when Bitcoin is in the bullish trend stage ...

Quote

One for the Elliot wave fans...

Source: https://twitter.com/davthewave/status/1204593714762371072

Modeling proposal presented to add S2F to the equation.

Quote

For review. Preliminary proposal to add the derivative of S2F to the equation. Appears to model a bit of the 2013 & 2017 bubble.
@100trillionUSD

Source: https://twitter.com/Geertjancap/status/1204671492069449728

On the other hand..

In BitcoinCharts

I think that increasing demand in the Darkweb can help the price of Bitcoin increase.

Quote

I know we like to ignore this for the sake of "mainstream acceptance", but the USD value of bitcoin passing through darknet markets continues to increase regardless of bitcoin's speculative value...

I think
@jillruthcarlson
makes some good, realistic points.

Source: https://twitter.com/JamesTodaroMD/status/1204818577674657792

BitMEX, has introduced help to withdrawals to Bitcoin Bech32 (SegWit) addresses.

Quote

According to transactionfee.info, the percentage of such transactions has hit a peak close to 58 percent in the first half of October and at the end of November. Right now the figure stands at 56 percent.

Source: https://beincrypto.com/bitcoin-derivatives-exchange-bitmex-enables-segwit-withdrawals/

It is interesting, based on the prediction model. Although in my opinion making predictions is somewhat complicated.

Quote

4 years multiple shows difference between current price and price 4 years before. It never went below 6x and if it keeps above that number in next two years next ATH would be $120K minimum.

Source: https://twitter.com/digitalikNet/status/1204928433651879941

But, According to Tim Draper:

Quote

While explaining the different financial investment options investors have, Tim said Bitcoin provides the best option for long term investors. Tim who is an investor himself predicted that bitcoin price would reach as high as $250,000 within the next few years. He said Bitcoin is constantly improving and gaining more applications.

Source: https://cryptonewmedia.press/2019/12/12/bitcoin-is-the-currency-of-the-future-says-billionaire-tim-draper/

Quote from: fillippone on December 12, 2019, 04:19:31 PM

Quote from: LUCKMCFLY on December 12, 2019, 03:50:32 PM

It is interesting, based on the prediction model. Although in my opinion making predictions is somewhat complicated.

Quote

4 years multiple shows difference between current price and price 4 years before. It never went below 6x and if it keeps above that number in next two years next ATH would be $120K minimum.

Source: https://twitter.com/digitalikNet/status/1204928433651879941

But, According to Tim Draper:

Quote

Source: https://cryptonewmedia.press/2019/12/12/bitcoin-is-the-currency-of-the-future-says-billionaire-tim-draper/

Yes this is fascinating, but this is not a model: he's drawing lines and noticing that somehow the price never got below that line.
Not a word WHY this happened.
That would be a model.

So, fascinating, but dismissed as a predicition worth for investing.

Thanks fillippone,

This is how you say, I trust the PlanB model with the modeling of the value of bitcoin with stock-to-flow ... it gives much more credibility because he himself affirms that the model is not forever.

Nice pattern.

Quote

Throwback Thursday - I was overly optimistic but the basic pattern is intact.

Source: https://twitter.com/ChartsBtc/status/1205149798644346880

High correlation...

Quote

ICYMI: the very high correlation between stock-to-flow and #bitcoin price is NOT spurious ... because S2F and btc price are co-integrated 🔥..🚀

Source: https://twitter.com/100trillionUSD/status/1205244207675432960

Interesting article, Bitcoin and Gold.

Quote

Bitcoin’s price has to balloon to $425,000 a pop, or a massive 5,570 percent, to equal the total supply of gold in world markets.

Quote

the correlation between the two assets is at its highest since 2016. When seen in the context of the several cases of political and economic turmoil which saw capital movement out of traditional fiat currencies and into “safe-haven” assets, this like-for-like movement makes sense.

Source: coinmetrics.io

Source: https://eng.ambcrypto.com/bitcoin-a-far-cry-from-the-valuation-of-digital-gold/

Analysis using Wyckoff ..

Quote

BULLISH 🐂

Source: https://twitter.com/888Velvet/status/1205304201531793410

Pamoldar I think the bubbles represent each bullish stage in small periods of time, this guy always makes an analysis with Wyckoff in small fractals, usually attracts my attention because in small fractals the volatility is very large. And if I think the same jojo69, in my particular case, I analyze Wyckoff in the stages of Accumulation and Distribution, and for bullish and bearish trends I like to use Elliot.

Bitcoin Production Cost, by Charles Edwards, this article has interesting data, I have seen many threads describing many claims of high cost, this article seems fairly impartial and informative.

- The Cambridge Bitcoin Electricity Consumption Index (CBECI)

Source: https://www.cbeci.org/

Quote

Cambridge’s calculation assumes an equally weighted basket of profitable mining equipment which is perhaps the most thorough approach to assessing mining hardware utilisation, depreciation and therefore energy consumption globally today

- Bitcoin’s Production Cost

With Cambridge electricity data, as a result 5 years of Bitcoin production costs.

Quote

We term this the Bitcoin Miner Price and it is calculated here as the Bitcoin Price + (Daily Transaction Fees) / (Daily Bitcoin’s mined).

In short term.

According to this 2019 it has been less profitable compared to 5 years ago.

Quote

Bitcoin Production Cost doubling at 2016 Halving. Estimated Production cost increase was tempered by the phase in of the significantly more energy efficiency Antminer S9

Quote

The influence of each new Bitcoin in 2020 onwards will drop significantly with the Halving. Therefore, as alluded to by Satoshi above, the reliability of the Bitcoin Electrical Cost as a price floor may reduce with time.

Source: https://medium.com/capriole/bitcoins-production-cost-88d889462ea7

Interesting Basics...

Quote

"Bitcoin continues to have strong fundamentals through 2019"

Check out
@blockchaincap
's insightful and data driven insights as they review the state of crypto in 2019: http://bit.ly/34dN2E6

Source: https://twitter.com/coinmetrics/status/1205515511653642240

Source: https://drive.google.com/file/d/1vc-DGG0iqEBQqNlsr5x6vxGxWUAEdgV3/view

Interesting ... although this is not completely reliable.

Quote

A look at the bitcoin balances of wallets that held any $BTC over the past decade.

Centralized or decentralized - you be the judge...

Source: https://twitter.com/thetokenanalyst/status/1205525039497523200

Opinion of John Bollinger, inventor of the Bollinger Bands ..

Quote

Presently, because the Bitcoin market is choppy and consolidating following the break below the $8,000 mark in late November, BB shows that there is a squeeze. Aforementioned, a breakout because of this accumulation is on the offing, benefiting HODLers.

Source: https://twitter.com/bbands/status/1205601394616483840

Quote

Traders who use the Bollinger Bands to filter out signals often watch out for this pattern. When it prints, usually high volatility is on the offing. In this scenario, BTC prices are largely stuck on range mode. As prices consolidate–bulls are overwhelmed by a wave of incessant bears, aggressive traders can begin placing limit positions on either side of the divide in expectation of a relieving price rally, or a discouraging dump.

Source: https://coingape.com/bollinger-bands-squeezing-is-bitcoin-btc-ready-for-9000/

Halle Berry, This beautiful girl advocates Bitcoin for her movies ...

Quote

“Let’s say Crypto and Bitcoin rather than money or cash”.

Source: https://blockchainnews.report/2019/12/halle-berry-to-advocate-bitcoin-for-her-movies/

I see her as sexier with those statements ...

An analysis for Halving ..

Quote

Anticipating The 2020 Bitcoin Halving Rally #crypto #cryptocurrency http://hashfeed.io

Source: https://twitter.com/hashfeedio/status/1206212577522372608

Something very true .. .

Quote

Some people think hyperinflation can only happen in developing countries with dictators (Zimbabwe) or socialist governments (Venezuela). But don't underestimate the consequences of quantitative easing & negative interest rates in US EUR JPN. #bitcoin is a hedge against QE & NIRP.

Source: PlanB

Some always criticize the volatility of Bitcoin ...

Quote

Many people try to talk negatively about Bitcoin volatility, meanwhile Amazon, Yahoo, and Priceline all COLLAPSED over 96% back in 2000 before minting millionaires.

Early tech volatility is natural. Long term upwards volatility is the holy grail.

Source: https://twitter.com/RiggsBTC/status/1206261452253925376

And a very intelligent opinion:

And a very intelligent opinion of a Yale Professor:

Quote

“BTC should occupy about 6% of every portfolio in order to achieve optimal construction. Even those who are strong Bitcoin skeptics should maintain at least 4% BTC allocation."

Source: https://twitter.com/danheld/status/1205880279379959808

It is a fact that Bitcoin is backed by the masses, obeys the law of supply and demand, with great technological support representing a deflationary economy ....If Hodl is undoubtedly one of the best options for now no matter what.

Quote

If Bitcoin adoption increases, chances are BTC is grossly undervalued at spot rates. Time is the only ingredient.

Source: https://coingape.com/bitcoin-btc-is-like-amazon-of-2001-its-grossly-undervalued/

European traders have been more active ..

Quote

European hours have been the most active in the last month.

Here hourly volumes in UTC time for BitMEX's XBTUSD contract

Morning you get Asia + Europe and afternoon Europe + US. Will be hard to disrupt time zones!

Source: https://twitter.com/skewdotcom/status/1206301760039591936

Quote

Jun20 BTC Futures are now live on
@BitMEXdotcom
, currently trading at a +4.5% annualized basis.

Source: https://twitter.com/skewdotcom/status/1205461768476274690

According to the new president of the European Central Bank, Christine Lagarde:

Quote

has spoken in favor of adopting a digital currency approach. Lagarde, former head of the IMF, has stated ECB must “stay ahead of the curve” by creating a stablecoin.

Source: https://bitcoinist.com/europeans-trade-bitcoin-btc-the-most-on-bitmex/

Surprising the amount of liquidations in Bitmex..

Quote

$12,3 billion longs and only $7 billion shorts were liquidated on BitMEX in 2019

Looks like shorting safer 🤔

Source: https://twitter.com/_blockandchain_/status/1206680399721578496

I think that you should be patient right now.

Quote

The good thing is that if this is a bullish bottom, we have time

I much rather await how price develops towards the level than to have bids and risk it will just puke through it

Accumulation is a slow process

Patience is always key

Source: https://twitter.com/BTC_JackSparrow/status/1206528998119002112

Interesting...

Quote

Just to shed some perspective on the #macro. Yes, it's early days still. But lets not overlook the fact that $BTC is already ahead of Australia and South Korea's fiats #bitcoin

Source: https://twitter.com/cryptojase/status/1206779553340784641

This looks good ..

Quote

Energy Value Oscillator.

Bitcoin's price as a percentage of its Energy Value.

2019 looks VERY similar to the starting characteristics of prior bull runs.

Just need to see that uptick in Hash Rates 🚀

Source: https://twitter.com/caprioleio/status/1206854344181768192

The month of December is very significant for Bitcoin, 2 years ago it reached its ATH, last year it was in approximately 3K, expecting the best of this December ..

Quote

$19k December 17, 2017

We're half way through bitcoin's 4 year cycle.

Source: https://twitter.com/ChartsBtc/status/1206993848502587392

I like this model, it has a lot of theory of market speculation, and investment at the same time.

Quote

Stock-to-flow model predicts the long term trend, and greed & fear cause the actual bitcoin price to dance around this trend. #cointegration

Source: https://twitter.com/100trillionUSD/status/1206979035378724868

John Stossel, the ABC and Fox News commentator gained millions of followers when he talked about Bitcoin.

Source: https://twitter.com/JohnStossel/status/1206275802570149889

Quote

“The world is 250 trillion in debt. The US now has 1 trillion dollar deficits. It’s irresponsible to not own bitcoin as a hedge in case the money managers at the central banks lose control. With negative rates, liquidity injections into overnight repo market the control is slipping”

Source: https://www.newsbtc.com/2019/12/16/tv-personality-tells-his-million-plus-followers-why-he-bought-bitcoin/

Interesting data.

Quote

#Millennials are way more likely to invest in bitcoin than other generations and are moving away from conventional banking. Study by #provokeinsights found that 43% of millennials said they trusted #cryptocurrency exchanges more than US stock exchanges [Chart: #bitcoinsrhythm]

Source: https://twitter.com/BxeCapital/status/1207333268175179776

I hadn't seen it that way, but buying is a good option.

Quote

#Bitcoin Unrealized Profit is low at the moment & seems to be trending down. At the same time, Unrealized Loss is trending up. Look out for a cross over, historically signaled bottoms.

As traders have less profit to realize, sell pressure could reduce.

http://studio.glassnode.com/compare?a=BTC&a=BTC&m=indicators.UnrealizedProfit&m=indicators.UnrealizedLoss&sameAxis=true&scl=lin&scl=log

Source: https://twitter.com/TheCryptoDog/status/1207360187654213632

I recognize the effort of the bulls to contain $ 6.4k and boost the price to $ 7.2k

Quote

Bitcoin $BTC has apparently held at important support

Via Twitter: https://twitter.com/PeterLBrandt/status/1207367441594093569

Quote

If bulls are able to hold the cryptocurrency above its previous support level at $7,000 in the near-term, bulls may be able to shift the tides of the recent downtrend back into the favor of buyers, potentially allowing for Bitcoin to post a bullish close to 2019.

Source: https://www.newsbtc.com/2019/12/19/how-bitcoin-avoided-a-much-deeper-pullback-with-a-timely-reaction-from-bulls/

The best option for protection against possible recession is Bitcoin.

Quote

Global debt is fast making fiat money worthless (see chart).

At $10 million per Bitcoin, Bitcoin provides a sufficient reserve to alleviate the world’s debt burden.

'Old money' will see this soon... #bitcoin #HODL #BTC

Source:https://twitter.com/CryptoDataHound/status/1207532871474237440

Less and less for Halving ...

Quote

Bitcoin halving candles

Source:

Quote

https://twitter.com/ChartsBtc/status/1207681320547241984

This article is interesting about Tendencies and Opportunities of Bitcoin Taxation in the EU.

Quote

In the meantime, while it is absolutely possible to Live on Bitcoin in Europe, as Bitcoin Magazine’s Colin Harper did, the experience will be much more difficult, given the complexity and disparities between European tax systems, to meet the many reporting obligations that this lifestyle will generate.

Source: https://bitcoinmagazine.com/articles/bitcoin-taxation-eu-tendencies-opportunities

Hodl increasingly takes HODL.

Quote

At 8,990,000% Gains, Bitcoin Dwarfs All Other Investments This Decade - https://icoinmarket.com/2019/12/20/at-8990000-gains-bitcoin-dwarfs-all-other-investments-this-decade/At 8,990,000% Gains, Bitcoin Dwarfs All Other Investments This DecadeAt 8,990,000% Gains, Bitcoin Dwarfs All Other Investments This Decade

Source: https://twitter.com/icoinmarket1/status/1208022489110077441

According to NewsBTC:

Quote

on an earlier date, all gold in circulation is currently valued at approximately $7.83 trillion, while all Bitcoin has a mere $180 billion valuation. Should the latter fully displace the value of the first, industry analytics firm Crypto Voices estimates that BTC would swell to a value of $450,000.

Source: https://icoinmarket.com/2019/07/23/at-5-of-gold-bitcoin-crypto-are-sized-fairly/

I want to share the BitcoinCharts thread, it always presents nice graphics::

Quote

Merry Christmas and happy holidays!!! If you were hoping for lots of bitcoin charts, your wish is about to come true... 1/10

See you in 2020!

Quote

The Mayer Multiple 2/10

Quote

History and drawdown 4/10

Quote

Yearly, halving and on this date 5/10

Quote

Sats per cent 6/10

Quote

Bitcoin stock and bitcoin flow 7/10

Quote

Market cap 8/10

Quote

Are the halvings priced it? 9/10

Quote

It's always a good time to DCA 10/10

Source: https://twitter.com/ChartsBtc/status/1208062615794016256

A very interesting article about Ransomware, the famous "Ryuk" has caused a lot of profits for hackers, his rise in the Bitcoin era has been huge. The impact has been profound, however this type of news is relevant for highlighting its Bitcoin based rewards.

Quote

“Ransomware has helped put bitcoin in the news and we know that the price of bitcoin goes up whenever it is in the news,” stated De Montfort University’s Cartwright “So, ransomware also partly drives the price of bitcoin.”

Ryuk has hit more than 500 faculties, now security specialists expect many more attacks in 2020.

Source: https://laptopcapri.com/how-ransomware-exploded-in-the-age-of-bitcoin/

A risk model presented ..

Quote

New $BTC video on validating the risk model. I feed in dummy #price data for the next 4 years and watch how the risk model reacts. Feel free to send me a vector of projected price data and I'll feed it into the model too!
#BTC #Bitcoin #Cryptocurrency
https://youtu.be/xPt7kkirzDA

Source: https://twitter.com/intocryptoverse/status/1208412646430527493

The markets of S & p500, Gold and Bitcoin ..

Quote

The stock market this year hit new highs but still while Nasdaq recorded a 38% surge, S&P 500 was up 31%

Quote

Gold, the classic safe haven asset meanwhile was up only 15% trading at $1,474 per ounce, near its April 2013 level.

The correlation between gold and Bitcoin is at level 0.1.

Source: https://bitcoinexchangeguide.com/bitcoin-beats-gold-and-longest-running-bull-market-of-sp-by-a-wide-margin/

Representative dates ...

Quote

Here is how $BTC has performed around Christmas time

Source: https://twitter.com/Bitdealer_/status/1209254260183056385

Nice ..

Quote

Bloomberg and
@TheStalwart
🤣🤣🤣
Last year (2018) you compared bitcoin to tulips and predicted btc would go to zero in 2019 or 2020.
Have You No Shame?

Source: https://twitter.com/100trillionUSD/status/1209455953587974144

Merry Christmas WO!

An interesting analysis following the Wyckoff methodology.

Quote

$BTC - Wyckoff like scenario - just throwing this out there...

Very early to determine whether this is at all accumulation - it can easily breakdown on a retest of the lows again.

Volume profile switched off - you can reference that yourself

Will keep this thread updated

Source: https://twitter.com/TraderX0X0/status/1209110952148393984

A good article of this vision: https://www.newsbtc.com/2019/12/25/wyckoff-bitcoin-bottom-in-price-poised-break-past-8000/

Less and less for halving ..

Quote

Were these halvings priced in?

Source: https://twitter.com/Bitcoin/status/1209521632261398528

Big step Bitcoin ...

Quote

Most of the commodities, stocks, and bonds staged an outstanding run in 2019. But the traditional asset classes still fell short before a stronger and a more offbeat contender: Bitcoin.

Quote

Investors are also treating 2020 as a bullish year for Gold. Wall Street veteran Byron Wien called the yellow metal an “interesting investment.”

Quote

Bitcoin bulls also made similar calls in favor of the cryptocurrency. They believe demand for bitcoin would go higher against the global central banks’ dovish policies.

Quote

The search volume for "Bitcoin Halving" is steadily increasing, according to Google Trends.

The #Bitcoin halving is only 147 days away! Prepare yourself! 🚀

Source: https://twitter.com/themooncarl/status/1207262001682092032

Source: https://www.newsbtc.com/2019/12/26/bitcoin-outperforms-gold-us-stocks-and-bonds-in-2019-will-2020-be-same/

Quote from: Phil_S on December 26, 2019, 04:32:07 PM

I want to see 8000 this year.

Me too...

Remember that:

Quote

Bitcoin market cap dominance (a highly manipulable metric of questionable value) rose nearly 20% throughout 2019, extending and doubling the gain seen in 2018. The combined market caps of the thousands of altcoins does not even reach half that of Bitcoin.

Source: https://twitter.com/lopp/status/1210267110829625348

Insteresting perspective:

Quote

Would you feel the same about #bitcoin's current price of $7200 ?
...
If 2013 peak was $100 instead of $1000, and 2017 peak was $2k instead of $20k (If that were true, BTC would have increased every single year). #perspective

Source: https://twitter.com/100trillionUSD/status/1210653170210357248

Some metrics of 2019, which affirms the power of Bitcoin.

1.-Transaction Count

Quote

December 2017 is now in second place, still with over 11 million.

Quote

#Bitcoin has had a record 2019 with transaction count, transaction volume (USD equivalent basis), and hash rate reaching new all time highs this past year.

Source: https://twitter.com/TradeBlock/status/1210313908529049601

2.-Transaction Volume

More transactions originate more value.

Source: https://www.blockchain.com/en/charts/estimated-transaction-volume-usd?timespan=1year&showDataPoints=true
3.- Hash Rate

Quote

Despite a reduction in price and therefore miner profitability, their commitment continues to grow, data suggests.

Source: https://www.blockchain.com/charts/hash-rate

Source: https://cointelegraph.com/news/someone-say-bear-market-bitcoin-sets-3-huge-new-records-in-2019

The best signal for Bitcoin

Quote

The Most Lucrative Signal in Bitcoin History Just Flipped Buy https://libr.co/the-most-lucrative-signal-in-bitcoin-history-just-flipped-buy/

Quote

The tool has only given this buy signal just ten times in Bitcoin’s lifecycle, and the following uptrend has resulted in as much as 5,000% on average returns for investors.

Source: https://twitter.com/caprioleio/status/1210713524693024768

Quote

The quote suggests that although market sentiment may be in the dumps after an extended downtrend, this often results in the best possible financial opportunity and is a strategy some of the most famous investors in the world have long sworn by.

Source: https://libr.co/the-most-lucrative-signal-in-bitcoin-history-just-flipped-buy/

3% not bad ..

Quote

#bitcoin 200 week moving average has never gone down, currently increasing at $150 (3%) per month

Source: https://twitter.com/100trillionUSD/status/1210984765739941888

Quote from: El duderino_ on December 28, 2019, 10:47:57 PM

via Imgflip Meme Generator

via Imgflip Meme Generator

I did this evening

Welcomed everyone with rosé Dom Perignon 2005....

Served scampi diablo with spiced tomato’s on the side

Tuna robespierre with French fries

Tiramisu

All home made with some fine white wines, gin tonics, coffee and Amaretto......

Only pics of dessert (I’m not a star chef and rarely coock myself) though all went well !!!!

Cheers and take care for one and other Kiss

Wow that looks very delicious, God made my mouth water ...

That is a delicacy in all its splendor ...

Some criteria about Bitcoin bullish ..

Quote

Are we in a $BTC bear market?

No, we are in the re-accumulation phase of a bull market.

Source:

Quote

https://twitter.com/woonomic/status/1211024512969428992

Quote

History repeating per Woo’s analysis will mean Bitcoin will burst higher by the second half of 2020, meaning BTC is likely to set new all-time highs a few months or a year after tha

Quote

BTC is showing signs that it will soon undergo a second mark-up rally ahead of May 2020’s halving.

Source: https://www.newsbtc.com/2019/12/29/bitcoin-midst-bull-market-on-chain-analysis-suggests/

A great ROI, Bitcoin shines with its own light.

Quote

In a world where the popular stock market index, S&P 500, combining the 500 best-performing stocks in the U.S. has surged with 189% in the last ten years, other well-known companies are delivering more considerable results.

Source: https://twitter.com/JonErlichman/status/1209119957860208642

Quote

$1 invested back then would be worth more than $90,000, representing a 8,900,000% ROI in ten years.

Quote

While there are several stocks with high returns, Bitcoin is outperforming all of them by a country mile. In its relatively short existence, the largest crypto has noted numerous improvements in its usage and security, raising the question of what is to come and how it will affect our investments and entire lives.

Source: https://cryptopotato.com/8900000-roi-bitcoin-is-the-best-performing-asset-of-the-ending-decade/

Quote from: jbreher on December 29, 2019, 05:25:44 PM

Quote from: LUCKMCFLY on December 29, 2019, 04:48:55 AM

Some criteria about Bitcoin bullish ..

Quote

Are we in a $BTC bear market?

No, we are in the re-accumulation phase of a bull market.

Source:

Quote

https://twitter.com/woonomic/status/1211024512969428992

That's great. Looks like he is asserting that there is some significant numerical measure entitled 'On-Chain Investor Activity'. What exactly is this measure?

I think it is because of the volume, and it may take it, supported perhaps by a possible divergence. It's what I can intuit from there

Interesting article that talks about some signs of coming a good bullish season .. "Four Signals Suggesting Bitcoin Price On Verge of Bull Trend"

Quote

This was last seen in mid-2016, prior to the parabolic run-up that brought Bitcoin from $500 to nearly $20,000 in a few years’ time.

Quote

We argue over short-term moves but big picture is clear👀
Let's rock 2020💰
Who's with me?

Source: https://twitter.com/crypto_birb/status/1209180138488967173

Source: https://www.newsbtc.com/2019/12/29/three-indicators-suggesting-bitcoin-price-verge-bull-trend/

A great article entitled: "Bitcoin’s increasing price resistance uphill, short- and long-term" very complete analysis ..

Quote

The red zones are reflections of the statistics of short-term growth rates observed within the halving period. The highest and lowest points in the reddish areas represent the maximum and minimum growth rates observed. The maximum and minimum growth rates are estimated over several hodling periods, represented horizontally. Darker areas indicate percentiles.

Quote

Let us now compare the real return curves to those based on model data using a model with diminishing returns.

Quote

This is not a statement that the S2F model is incorrect, but it does show that for the S2F model to hold as currently formulated, return curves need to change compared to how they have behaved up to now: they need to transition from being diminishing to being non-diminishing.

Source: https://medium.com/@hcburger1/bitcoins-increasing-price-resistance-uphill-short-and-long-term-36ab6f74e61a?

2020 will be a great year for Bitcoin.

Quote

Lots of people spent the year screaming about how bad Bitcoin is and how it is destined to fail.

Bitcoin didn’t care.

It was busy outperforming all other assets in 2019. 🤷🏽‍♂️ (h/t
@Kevin_Kelly_II
)

Source: https://twitter.com/APompliano/status/1212070391994302466

Happy Year WO !!!!

The progress and profits that Bitcoin has left is impressive ...

Quote

It’s a massive windfall for those who HODL’ed through its ups and downs, even as it continues to provide fodder for get-rich-quick schemes. For some, the never-ending fantasy of continually hitting that payoff still helps to keep Bitcoin’s momentum going.

Quote

“Certainly the numbers are what appeals to investors,” said David Tawil, president of ProChain Capital. “The next 10 years need to be a totally different stage of growth based on totally different factors than the first stage.”

Source: https://www.bloomberg.com/news/articles/2019-12-31/bitcoin-s-9-000-000-rise-this-decade-leaves-the-skeptics-aghast

Advantages of Bitcoin over all Alt ..

1.-Scarcity
2.-Apolitical value transfer
3.-Technical prowess
4.-It’s not an entity

And many more!

Quote

“In a world where conventional systems are also politicized, Bitcoin has an advantage of being “neutral” in the sense that it is controlled by none of the competing power blocks, which means that any and all could potentially participate.”

Quote

“BTC currently has 97 exahashes protecting its network to BCH’s 2.5 exahashes, giving BTC a hash rate 39 times higher than that of even its next closest digital-cash competitor,” he continues.

Source: https://coin.dance/blocks/proofofwork

Source: https://cointelegraph.com/news/bitcoin-4-big-competitive-advantages-over-altcoins-in-2020

Interesting article on: Bitcoin’s natural long-term power-law corridor of growth

Quote

The model predicts that the price will move between the red support line and the blue top line. The purple robust fit / RANSAC line defines the center of the “normal mode”. The two past halvings as well as estimated future halvings have been marked with black vertical lines.

One of the interpretations:

Quote

A price of about $150 000 at the beginning of 2022, which is the next and fourth four-year period.
A price that is lower than $150 000 until mid-2028, which is in the sixth four-year period.

Source: https://medium.com/coinmonks/bitcoins-natural-long-term-power-law-corridor-of-growth-649d0e9b3c94

They claim that volatility is passive, an aggressive movement in the market is expected.

Quote

$BTC Volatility near ATL's. This chart doesn't indicate that a move is near, but looking at most of the majors' charts I expect the next move to be an aggressive one.

Source: https://twitter.com/cryptodude999/status/1212609065005793280

Quote

When markets show indecision, price action often compresses until more and more traders sit out on the sidelines, awaiting the next big breakdown or breakout to reenter the market.

As soon as the breakout begins, all of the sidelined traders begin taking positions, further adding to the severity of the resulting movement.

Source: https://www.newsbtc.com/2020/01/02/bitcoins-next-move-expected-to-be-aggressive-as-volatility-wanes/

I hope that this possible aggressive movement is bullish ... meanwhile Hodl ..

Bitcoin is showing positive signals..

Quote

Technical indicators:

Hourly MACD – The MACD is slowly reducing its bearish slope.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level, with positive signs.

Major Support Levels – $7,325 followed by $7,200.

Major Resistance Levels – $7,400, $7,420 and $7,500.

Source: https://www.newsbtc.com/2019/12/30/bitcoin-rally-not-likely-over/

Nice! Historical maximum ..

Quote

BREAKING: #Bitcoin hash-rate just hit an all-time high again! 🚀

120,000,000,000,000,000,000 hashes per second! 🔌

Source: https://twitter.com/CryptoWelson/status/1212900612347760640

Go go go BTC

Quote

Will be pretty deflating if we get all the way back up here and peter out at this high volume node but looks good with that .618 bounce $btc #bitcoin

Source: https://twitter.com/____Thrasher__/status/1212970633962889217

And Google Trends:

Source: https://www.reddit.com/r/Bitcoin/comments/ejab8m/google_trends_bitcoin_search_term_top_65/

Excellent graphics by [ur=https://twitter.com/ChartsBtcl]Bitcoin Charts[/url]

Quote

Bitcoin yearly candles 2011-2019

Quote

Bitcoin birthday price history

Source: https://twitter.com/ChartsBtc/status/1213124248463499264
https://twitter.com/ChartsBtc/status/1213124807098658818

Market speculation to the fullest in Iran ..

Quote

Iran-based sellers on peer-to-peer trading platform LocalBitcoins are currently asking for around 1 billion Iranian rials or over $24,000 per Bitcoin (BTC) — well over its 2017 all-time high — as tensions reach a boiling point between Washington and Tehran.

Quote

“Bitcoin is trading at nearly $24,000 in the USD equivalent of Iranian Rials on LocalBitcoins today. It's unlikely those purchases are paying for the Iranian military's response. Instead, it might be innocent (and desperate) Iranians looking for a way out of the coming chaos.”

Meanwhile Iran will seek revenge on the USA for the murder of Soleimani. It is really something delicate what is happening ..

Source: https://cointelegraph.com/news/bitcoin-selling-for-24-000-per-btc-in-iran-as-us-tensions-escalate

Nice Article ´Falsifying the log growth model of Bitcoin value´

Quote

we encounter a good reason to take the log of the price — the span is much too broad.

Source: https://medium.com/@phraudsta/falsifying-the-log-growth-model-of-bitcoin-value-7db6ca3603f2?

Analysis by Wyckoff, a bullish rally may occur up to $ 9k for this spring ... maybe at the end of January.

Quote

$BTC #BTC $XBT #BTCUSD

This is what I see..

I'll leave the narrative up to you.

Quote

Thread: 3/3

Change to Lower TF

Here is your Bottom 😘

Source: https://twitter.com/888Velvet/status/1213069881559662593

Quote

Velvet’s assertions that Bitcoin is in the midst of an extended Wyckoff Spring/Accumulation pattern isn’t the only thing suggesting an immediate return to $9,000, maybe higher.

Source: https://www.newsbtc.com/2020/01/04/bitcoin-poised-spring-past-9000-coming-weeks/

This is another analysis that they also do using Wyckoff's theory.

Quote

The textbook pattern, should BTC follow it to a T, suggests that BTC will break higher and higher in the coming days, in an upward move that will bring the asset back to the high-$7,000s.

Quote

Hi, I am Livercoin and I like wyckoff reaccumulation.

$BTC #Crypto

Source: https://twitter.com/livercoin/status/1213568002400116738

Quote

Another analyst echoed this optimism, posting the below chart. In it, he notes that if BTC can break the neckline of the inverse head and shoulders pattern formed over the past five weeks, which it did, a 15% move to hit $8,500 could be had in the coming weeks.

Quote

If everything unfolds as it goes, $ 9k may be an attainable goal in the short term.

Source: https://www.newsbtc.com/2020/01/05/why-analysts-bitcoin-surge-7450-just-beginning/

The price of Bitcoin $ 7450, for many this may be the beginning of the possible upside recovery, an optimistic atmosphere is felt in the market.

Cointegration between Bitcoin price and Stock-to -flow ..

Quote

IMO co-integration between #bitcoin price & stock-to-flow means all network effects march lockstep: Investors, Speculators, Merchants, Consumers, Miners and Developers together ... demand & supply, like clockwork!

Source: https://twitter.com/100trillionUSD/status/1213815577527095296

It is interesting what Antonopoulos affirms that the Bitcoin Inflation Rate will not affect the Dollar, the fiat currency may have other types of interest.

Quote

“[…] from a monetary perspective, Bitcoin’s success is manifest destiny. It’s inevitable, it’s unstoppable, and more importantly, nothing else needs to happen, nothing else matters. All the matters are the soundness of the money, all the matters is the inflation rate.”

This January 3 gave a interview: Bitcoin inflection point, a multi-chain network, Decentraland / NFT

Via YouTube: https://www.youtube.com/watch?time_continue=1618&v=DvjTNEyC-hI&feature=emb_logo

Source: https://eng.ambcrypto.com/bitcoins-inflation-rate-will-not-affect-the-u-s-dollar-andreas-antonopoulos/

Nice Chart with predictions...

Quote

50 Predictions on the PLC Model Chart

🚀 Tim Draper was right in 2017.
🚀 See my own forecasts of 150k in 2022 and 750k in 2028.
🚀 The last two PlanB S2F predictions are off the chart.
🚀 Realistic 12k predictions of Song & Novogratz for the end of 2020.

Source: https://twitter.com/BitcoinEcon/status/1213965403107549184

Minor difficulty in Bitcoin ..

Quote

Bitcoin difficulty adjustments alter the difficulty of miners finding blocks.

Bitcoin has had 8 months where the difficulty adjustment was lower than the prior month.

These decreases have done a good job of locating cyclical bottoms.

Miner capitulation - Is the bottom in?

Source: https://twitter.com/Pladizow/status/1214155531117576192

Bitcoin price looks great ...Another good Chart from PlanB

Quote

So it begins ...

Source: https://twitter.com/100trillionUSD/status/1214306914097647617

Some analysts say that Bitcoin is on the verge of becoming parabolic, others of shoulder-head-shoulder pattern...

Source: https://twitter.com/BigCheds/status/1214305776812077058

Quote

$btc setup is finally getting interesting👀

Source: https://twitter.com/crypto_birb/status/1214301108446879745

According to crypto_birb

Quote

If bulls are unable to continue propelling Bitcoin higher in the near-term and it faces a rejection around its current price levels, it could mean that the bullish inverse head and shoulders pattern is kaput, and that the next parabolic growth phase will be reserved for another day.

Source: https://www.newsbtc.com/2020/01/07/bitcoin-is-on-the-brink-of-going-parabolic-heres-the-levels-to-watch/

Hi WO! The movements of Bitcoin are very interesting, the Bulls are beginning to manifest, will it be influencing the emotion of Halving?

Quote

#bitcoin

Source: https://twitter.com/ChartsBtc/status/1214582292422615043

It's a good time for #StrongHats

as colleague VB1001 says

Hi WO! Here in this Article they speak about increase of price Bitcoin, Can it would be for Iranian Missile Attack..

Quote

BTC is now looking to cement its position as the leading safe-haven asset, at least in crypto, amid heightened geopolitical tensions.

Quote

The move to fresh 2020 highs comes after Iranian missiles struck U.S. and coalition bases in Iraq, causing traders to reallocate capital into safe-haven assets such as gold and oil away from riskier assets.

And:

Quote

Crude oil has risen significantly and is up 4.3 percent while the spot price of gold has is up 2.19 percent to around $1,608 per troy ounce.

Source: https://www.coindesk.com/bitcoin-hits-new-2020-high-above-8400-after-iranian-missile-attack

Interesting...

Quote

Critical #Bitcoin network infrastructure consists of millions of miners geographically distributed globally, full-nodes wherever an Internet connection is available, satellites in space and much more.

#Bitcoin is an impenetrable fortress of validation. https://thebitcoin.pub/t/bitcoin-is-an-impenetrable-fortress-of-validation/52183

Source: https://twitter.com/Bitcoin/status/1214752940574920704
https://thebitcoin.pub/t/bitcoin-is-an-impenetrable-fortress-of-validation/52183

Bitcoin Core improvements to eliminate third-party software dependencies.

Quote

Build Systems & Security – Bitcoin Is Improving

This piece is written by
@fanquake

He explains recent Bitcoin Core build system improvements & how 3rd party software dependencies, such as OpenSSL, have been removed. This has improved Bitcoin's security

https://blog.bitmex.com/build-systems-security-bitcoin-is-improving/

Source: https://twitter.com/BitMEXResearch/status/1214885546578923520

Bitcoin and gold rising as much as rumors of war are generated ..

Quote

Bitcoin was at $7,600. The score over the last month shows Bitcoin up 9% and gold up 8%. By way of comparison, the one-week movement on West Texas Intermediate oil is 2%, for one month 6%.

Source: https://investorplace.com/2020/01/gold-bitcoin-safe-haven-investing-fear/

This beginning of the year has been very active, fire in Australia, rumors of war, and Bitcoin, gold, oil have generated profits.

Another view of an Analyst using Wyckoff's theory ..

Source: https://www.tradingview.com/chart/XBTUSD/Noakp7n5-Why-I-believe-Bitcoin-will-retest-All-Time-Highs-by-July-1-2020/

At the same time he explains his prediction based on:

Quote

1.- The Lucid Stop and Reversal has printed a bullish candle for the first time since July 2019, when BTC was trading well above $10,000.
2.- The Average Directional Index on a daily basis has seen the first bullish crossover since March 2019.
3.- The one-week Relative Strength Index for Bitcoin is “getting ready to test 50,” a level that if broken through may imply dramatic upside.
4.- The one-day Ichimoku Cloud has formed a bullish TK cross.

He thinks that in July 2020 he can reach $ 20k again, an analysis that can result.

Source: https://www.newsbtc.com/2020/01/09/bitcoin-surge-150-6-months-why-analyst-thinks-possible/

Interesting since the S2F model predicts an increase of more than $ 55k after Bitcoin halving.

Quote

According to the theory, scarcity drives value and a reduction in supply might eventually raise BTC’s S2F, with it being predicted that the price will go over $55k after the halving.

Source: https://eng.ambcrypto.com/bitcoins-obedience-to-s2f-model-predicts-surge-over-55k-post-halving/

A very interesting article about the bitcoin macro-trends and projections model.

Quote

we have now entered a new hodl zone, with the third halving upcoming in May 2020. Because the price (and BEAM Value) has been dropping while within the grey zone, but not below 0.07, this is great evidence of re-accumulation. There were re-accumulation phases at each start of the hodl zones in the past when price dropped again after a peak. The green buy zones are initial accumulation phases. Reaccumulation usually provides a second chance for late comers to buy at somewhat higher prices. This is good evidence that we are beginning to enter a bull market.

Quote

Each day MVOCD (blue line) is below Bitcoin price (black line), more Bitcoin days are being created than being destroyed, ie people are holding onto their Bitcoin because as a store of value they believe its price in the future will be more than it is today. They have given up the opportunity to sell Bitcoin today to instead hold it for the future — so we call this the opportunity cost.

Source: https://medium.com/@robertspigler/bitcoin-macro-price-projections-44cfd800d66a

Implied hash rate of Bitcoin..

Quote

CM estimates have Bitcoin's Difficulty increasing by ~8% in 4 days time to reach a new ATH at ~15,000,000,000,000

This is due to the implied hash rate of Bitcoin maintaining ATH levels since Jan 1

Source: https://twitter.com/coinmetrics/status/1215566068552355841

The high correlation of Bitcoin and Gold makes many optimistic ..

Quote

Kang admits here that it’s possible that the rise and fall in response to the conflict was probably triggered by speculators. However, regardless of that possibility, Kang says that people have a stronger “belief in BTC as a hedge to global uncertainty, leading to more people trading BTC on macro events.”

Via twitter: https://twitter.com/Rewkang/status/1214983190881787905?s=20

Source: https://paulcrypto.com/2020/01/10/how-bitcoins-high-correlation-to-gold-and-other-sovs-is-strangely-bullish-for-btc/

It may prove to be an advantage to have at least a correlation with gold and that Bitcoin has a low correlation with other Stock Market actions ...

Seeing some news I have now come across this: "Expert says gold and bitcoin prices are not correlated", which emphasize the Non-Correlation of gold and Bitcoin, in my previous post they give some arguments to believe that yes, it is really curious to run into With two types of thoughts. In this article: Expert says gold and bitcoin prices are not correlated

Quote

“On standard economic and financial measures, gold and bitcoin are at opposite ends of the spectrum — gold is historically a safe haven while bitcoin is a risky asset. Gold is a physical asset that will be valued for decades to come (and been a reserve of value for centuries) while bitcoin is a string of numbers on the computer that may change overnight, ”Cartwright told Decrypt.

What is certain is that when there were those war drums Bitcoin behaved as a refuge of value, even if temporarily but it did.

Quote from: LUCKMCFLY on January 11, 2020, 12:31:31 AM

The high correlation of Bitcoin and Gold makes many optimistic ..

Quote

Bitcoin Halving.... Interesting..

Quote

Here are figures for $BTC's growth prior to its Halving and after it

Pre-Halving 1: +663%

Post-Halving 1: over 3400%

Pre-Halving 2: +383%

Post-Halving 2: +4080%

Most of #Bitcoin’s growth as a result of the Halving occurs after the Halving

Source:

Quote

https://twitter.com/DeerCrypto/status/1216058331590086656

Quote

After all, Bitcoin’s historical price action has shown the Bitcoin Halving to be a unique type of event that tends to make investors money — not only heading in to the Halving but many months after it as well.

Source: https://medium.com/swlh/bitcoin-halving-everything-you-need-to-know-4573dc5b528e

In Iran, Bitcoin is increasingly valuable ..

Quote

with inflation constantly on the rise, the rial has been facing a lot of devaluation, especially after President Trump reinstated certain economic sanctions against the Islamic nation last year.

Quote

“Iranians use crypto as a store of value — very much like in Venezuela, where their currency has been rapidly devalued. Also, no merchants accept Bitcoin openly as payments in Iran and e-wallets are nonexistent.”

Source: https://cointelegraph.com/news/bitcoin-is-becoming-more-valuable-to-iranians-amid-tensions-with-us

Open interest impact, this January 9 with 70% more than in 2019.

Quote

Bitcoin Options Launch Imminent as CME Open Interest Hits 7-Month High http://feedproxy.google.com/~r/BitcoinIndependentNewsAndBlog/~3/sRcf1omjCNE/?utm_source=dlvr.it&utm_medium=twitter

Via Twitter: https://twitter.com/crypto_bittrail/status/1216711765628575744

Quote

According to aggregate volume data for Bitcoin futures products by analyst Skew Markets, global futures trading volume crossed the $20 billion mark on Jan. 8 alone.

Source: https://cryptonewmedia.press/2020/01/13/bitcoin-options-launch-imminent-as-cme-open-interest-hits-7-month-high/?utm_source=dlvr.it&utm_medium=twitter&utm_campaign=Feed%3A+BitcoinIndependentNewsAndBlog+%28Cryptocurrency+new+media+press%29

A large influx of Bitcoin Investment.

Quote

With the current price of BTC around $8,000, the influx of capital per day should be greater than $14.4 million [144 blocks/day × 12.5 BTC/block × $8,000]. As pointed out by Tuur Demeester, for the price to remain at the $8,000 level until halving, there should be a $1.72 billion influx of capital into Bitcoin.

According to Meltem Demirrors:

Quote

“There are bigger firms involved in Bitcoin. So I think that directionality in a much deeper market for Bitcoin is going to change the way people trade around the time of the halving… “I think it’ll be interesting to see how people trade around the halving – particularly some of the high-frequency trading firms.”

Source: https://eng.ambcrypto.com/could-3rd-bitcoin-halving-favor-bears-bitcoins-shifting-narrative/

Hi WO!!

Bitcoin HODL!

Quote

To make an informed decision, profitability of holding bitcoin denominated in troy ounce of gold for every buy and sell date over the last 10 years:

Via Twitter: https://twitter.com/mutatrum/status/1216822969307144194
https://hodl.camp/#pair=btc-xau&scale=33

Article that talks about "HOW BITCOIN RESOLVES THE MONETARY MADNESS OF THE GLOBAL CENTRAL BANK".

Quote

Global Central Bank Put in one Chart: Central Banks around the world have pumped tons of liquidity into the markets to kill volatility. The People’s Bank of China has expanded its balance sheet the most in the past 15yrs.

Source: https://medium.com/@suncain522/how-bitcoin-solves-global-central-bank-monetary-madness-45a423affdd2

It's curious to see so much Tether movement, will it be indicative of massive Bitcoin buy?

Source: https://twitter.com/CoinTrendz/status/1217219856858263553

Well, the issue of sending large quantities via Lightning Network is already being resolved.

Quote

The #LightningNetwork's theoretical throughput exceeds that of any "next-gen" #blockchain and even payment systems like Visa or Alipay. We've reached an inflection point where decentralized systems can outperform centralized systems. ⚡️⛓️📈 #Bitcoin

Source: https://twitter.com/Excellion/status/1217240159076462592

Many analyzes are formed from the Stock-to-flow model.

Quote

Gold vs Bitcoin: The stock to flow concept visualized.

The "hardness of money" of Bitcoin will be about the same as Golds, from May 2020 to May 2024.
Even "harder" thereafter.

Source: https://twitter.com/MarkValek/status/1217325142411444224

Quote from: realr0ach on January 15, 2020, 03:24:59 PM

Quote from: LUCKMCFLY on January 15, 2020, 02:28:15 PM

Stock-to-flow model.

"Stock to flow" does not apply to Ponzi scams. I don't know if any of you noobs understand economics at all - and I wasn't there to personally witness the event or personally audit all the bookkeeping - but the great depression involved a liquidity deficit. Some claim it was an engineered depression by the banks, others claim it's not; who knows, that doesn't matter for this discussion. What matters is that if Bitcoin was actually the unit of account of anything (I.E. the world reserve currency and everything is priced in Bitcoin), the halving itself is a liquidity implosion similar to the great depression.

With Bitcoin not being the unit of account of anything it doesn't really matter because it just functions as a meaningless pump and dump scam, but if you actually tried to price everything in the world in Bitcoin it would be laughable. What type of "monetary system" do you know of where every vendor on the planet needs to massively adjust all their prices every four years? None exists because anything with such stupid mechanics always dies because anything operating with such dynamics is a Ponzi scam. The purpose of a monetary unit is to provide price stability, not be unstable by default.

In terms of having an actual functioning economic system, the 'halving' is a monetary crisis, not some sort of benefit. The only people who view it as beneficial are pump and dump scammers hoping it allows them to make money off algorithmically designed, large volatility. If Bitcoin was designed to actually be useful as a unit of account for something instead of a Ponzi scam, the block reward would be static eternally. The government creators of Bitcoin who want it to function as a cashless society slavery system where everything you do is monitored in real-time knew it would be impossible to try and get anyone to use Bitcoin with an infinite, static block reward over metals, so they designed it as a get rich quick scheme, Ponzi scam to later be adjusted or replaced when it eventually fails due to having no use case beyond a pump and dump scam.

Thank you very much for your realr0ach point of view,

I respect his way of thinking about these scenarios, historically gold is always the best way out of the crisis, Bitcoin is undoubted protagonist today, in my case, I give much importance to both the investment and the refuge of the value that It represents, although many economists do not recommend it because it is volatile.

Some market speculation..

Quote

The model appears to model the bubbles ánd bear markets fairly well. It confirms a certain inertia of price reaction, so a lag ánd overshoot. Model would predict: Price will catch up with S2F ratio a year after the halving. And overshoot by ~ 2x. (3/3) h/t Tom!

Source: https://twitter.com/Geertjancap/status/1217552995065442307

Juicy rewards ..

Quote

Bitcoin’s Share of PoW Mining Rewards Now Above 80% http://dlvr.it/RN9WJS #bitcoin #fintech

Via Twitter: https://twitter.com/MichaelCMcKee/status/1217862350004338688

Quote

bitcoin's network security, as represented by its hash rate, has increased sharply over the years, helping build confidence in the blockchain and establishing a positive feedback loop of security and network effect. At press time, bitcoin's hash rate is roughly 100,000,000 Terahashes (or 100 exahashes).

Source: https://www.coindesk.com/bitcoins-share-of-pow-mining-rewards-now-above-80-percent?utm_source=dlvr.it&utm_medium=twitter

Very possible scenario.

Via Twitter: https://twitter.com/Josh_Rager/status/1217908906439184390

Quote

If BTC is able to find continued support around $8,600 and buyers continue absorbing the significant selling pressure it is currently facing, the crypto could soon see an extension of the massive upwards momentum it has found over the past two weeks.

Source: https://www.newsbtc.com/2020/01/17/this-single-factor-suggests-bitcoins-2020-rally-is-far-from-over/

Interesting chart.

Quote

Bitcoin 2012-2016 vs. 2016-2020

Source: https://twitter.com/ChartsBtc/status/1218217608308121601

Quote from: fillippone on January 17, 2020, 09:30:16 PM

Another hit from PlanB!

Very interesting. And answering one of the most common question: why Bitcoin is still at Vegeta level if it is going to be worth in the million in a few years?

Efficient Market Hypothesis and Bitcoin Stock-to-Flow Model

Quote

Bitcoin Stock-to-Flow (S2F) model was published in March 2019 [1]. The model has been well received by bitcoiners and investors. Many analysts have verified the cointegrated S2F model and confirmed bitcoin price predictions [2][3][4].
The S2F model also received critique. The best steel man argument against the model comes from the Efficient Market Hypothesis (EMH). The argument states that the model is based on publicly available information (S2F, bitcoin's supply trajectory) and therefore the analysis and conclusion must be already priced in.
In this article I share my point of view on S2F model and EMH. I analyze arbitrage opportunities, risk & return model and derivatives markets.

This part is one of the best in my opinion on how the market moves.

Quote

Bitcoin options and futures markets do not expect rising prices at or after next halving. It is possible that markets still overestimate future risks.

Source: https://medium.com/@100trillionUSD/efficient-market-hypothesis-and-bitcoin-stock-to-flow-model-db17f40e6107
A great analysis.

It would be great for the bullish trend to spread.

Quote

Previous weekly resistance @$9555 - Bring it home $btc.

Twiter: https://twitter.com/filbfilb/status/1218556125366444032

Quote

If FlibFlib’s analysis does prove to be valid and Bitcoin pushes towards $9,500, it could mean that its recent uptrend will extend significantly further.

Source: https://www.newsbtc.com/2020/01/18/bitcoin-on-the-cusp-of-a-massive-rally-as-analysts-closely-watch-monthly-close/

Interesting ...

Quote

Jan 19, 2020: The current Mayer Multiple is 1.00 with a $BTC price of $USD 9,067.36 and a 200 day moving average of $9,063.14 USD. The
@TIPMayerMultple
has historically been higher 64.85% of the time with an average of 1.46. Learn more at:

Source: https://twitter.com/TIPMayerMultple/status/1218833420211630080

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this tool is intended to help people understand their emotions and corresponding probabilities of various price multiples (from a historical context)

Source: https://www.theinvestorspodcast.com/bitcoin-mayer-multiple/

Bitcoin at $10k would not be bad at all.

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As long as $8400 holds there is nothing to worry about.

$10K still in play.

$BTC

Via Twitter: https://twitter.com/galaxyBTC/status/1218854975968772096

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This rally marked a significant extension of the upwards momentum that the cryptocurrency incurred earlier this month when it began rallying from lows of $6,800.

Source: https://cryptonewmedia.press/2020/01/19/bitcoin-highly-bullish-despite-selloff-heres-what-could-propel-it-to-10000/?utm_source=dlvr.it&utm_medium=twitter

Bitcoin Hash Rate Hit a New ATH, the Halving is getting closer, these movements become more interesting.

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The Bitcoin network hash rate has reached an all-time high at 126 quintillion hashes per second. By comparison, this time last year, the network was hashing at just 38 quintillion hashes per second.

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At this moment, mining Bitcoin is as difficult as it’s ever been, at 14.78T. In fact, since the start of 2020, mining difficulty on the Bitcoin network jumped 13%.

Source: https://www.newsbtc.com/2020/01/19/bitcoin-hash-rate-hit-a-new-ath-and-its-crucial-leading-up-to-halving/

Tic tac tic tac ... Halving ..

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” The second halving event dropped Bitcoin’s daily issuance rate from ~3,600 BTC to the current ~1,800 BTC per day. This ultimately pushed BTC into the most recent bull run of 2017 where the asset saw a +2,800% increase over the following 18 months.”

The patterns are similar, just wait for the next behavior:

Source: https://www.newsbtc.com/2020/01/20/bitcoin-halving-isnt-priced-in-based-on-this-indicator-which-means-price-will-react/

Nice..

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Bitcoin Energy value just hit an all time high.

The network is stronger, and more valuable, than ever before.

Source: https://twitter.com/caprioleio/status/1219196321892052992

Nice addition with stock to flow model..

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Bitcoin price with S2F 2012-2018 vs 2016-2022

Source: https://twitter.com/ChartsBtc/status/1219652559381483525

$ 12.5K likely for approach to Halving ..

Quote

The analyst speculates that the upcoming Bitcoin halving event, due in May, will likely trigger buying interest among investors and convince people to hold, setting BTC on a track that follows the 50-week moving average

Source: https://dailyhodl.com/2020/01/21/analyst-traders-should-prep-for-serious-shift-in-bitcoin-btc-momentum-12-5k-likely-as-halving-approaches/

Economists mostly follow traditional models, only some see beyond.

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Successful Bitcoin holders have low time preference & judge over extended periods, e.g. risk-adjusted return over 4-year holding periods. If an economist has not researched this strong market signal for explanations of supply & demand, they don't have a useful opinion about it.

Source: https://twitter.com/NickSzabo4/status/1219805247536693248

I think Bitcoin is leveling up, more and more adoption ...

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Is bitcoin's price rising steadily with an occasional bubble or is it leveling up every 4 years?

Source: https://twitter.com/ChartsBtc/status/1220031106986078211

Risk and Performance, interesting thinking of PlanB

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#bitcoin risk & return (-74% & 206%) is off the chart!
Looking at 50 years price data: bonds, gold and stocks are on the same risk & return line, consistent with EMH and CAPM. But bitcoin is far above that line. IMO that is the reason why the market overestimated bitcoin risk.

Source: https://twitter.com/100trillionUSD/status/1220055061235216384

The best started since 2012 ..

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(CME) launched one such product, a bitcoin options contract, which reportedly had a successful first day of trading with a total of 55 contracts, worth 275 bitcoin, or the equivalent of $2.4 million.

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As much as 65 percent of respondents to a survey conducted by crypto indexer Bitwise and ETF Trends said that a crypto ETF was their preferred method of getting exposure, followed by a distant 16 percent preferring direct ownership and an even more distant 9 percent preferring a mutual fund.

Source: https://www.forbes.com/sites/greatspeculations/2020/01/21/bitcoin-has-its-best-start-to-a-year-since-2012#69eccbae69e9

The Ichi cloud has a lot of information, this time we may have a good bullish rally.

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$BTC

The 3D ichi (on standard settings) made a bullish cross.

These seem to work pretty well on bitcoin.

Just an observation.

Source: https://twitter.com/ByzGeneral/status/1220537251807080450

The new adjustment is approaching.

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+6% difficulty adjustment next Tuesday💥
https://diff.cryptothis.com

Source: https://twitter.com/100trillionUSD/status/1220672280730226689

A nice analysis.

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Some of you can't read..

Here is a simple chart with 3 levels:
- Holding 50MA is good
- Holding 20MA is bullish,
- Losing the 100MA is bearish! (IF we lose it (pay attention, I said IF!) I will be extreme bearish on #Bitcoin and consider a 1k target)

For now target = 10.965

Source: https://twitter.com/888Velvet/status/1220714005376983041

Insteresting Thread..

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A thread on the history of $BTC mining hardware

1/ Prior to 2011 $BTC mining was dominated by CPU and GPU hardware. The introduction of FGPA mining in mid-2011 was short-lived; a hashrate arms-race started with the introduction of faster ASIC mining hardware in mid 2012

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2/ The use of ASIC miners was one of the most important milestones in $BTC mining. This correlated w/ the increase in $BTC price and was a good indicator that there was adoption and momentum behind the fledgling cryptocurrency beyond the initial enthusiasts

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3/ The first ASIC mining rigs were not sold to the public until early 2013. This corresponded with a dramatic increase in price of $BTC

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4/ Between 2013 - 2014 $BTC mining chips shrank down from 130nm to 20nm (an 85% reduction) in an effort to cram more hashpower onto boards that required less power to run. $BTC economics was beginning to get serious

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5/ Since 2014, despite increasing competition between miners, higher capital costs, and market volatility, the network hashrate has continued to grow at a near uninterrupted exponential rate. The only thing we can really be certain of?

$BTC is here to stay 🚀🚀

Quote

Visuals and research by
@dangjeremy3
and commentary by
@simonohanlon101

Data from - http://docs.tokenanalyst.io

Source: https://twitter.com/thetokenanalyst/status/1220775209432690688

Another great analysis of PlanB.

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After 2012 and 2016 #bitcoin halving there was no death spiral or miner capitulation (of course). Network difficulty / hashrate did 10-100x 2yrs before those halvings, and 10-100x 2yrs after halvings. So far 2020 difficulty path tracks 2016 perfectly.

Source: https://twitter.com/100trillionUSD/status/1221061038831030272

Interesting factors taken into account for predictions.

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How to Make Correct Bitcoin Predictions:

Rule 1: If price went up like crazy in the last 4-5 months, project the same increase 4-5 months into the future.

Rule 2: Copy the 3-4 year prediction of a power law model. Maybe adjust it a bit downwards to be safe.

Rule 3 below...

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Rule 3: After a bear market project a similar growth as at the start of a previous cycle 6-12 months into the future.

Source: https://twitter.com/BitcoinEcon/status/1221002064165330945

"Sharpe ratio" > 1 ..

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#Bitcoin is the only asset with a "Sharpe ratio" > 1 (return>risk)! Classic asset (stocks, bonds, gold) risk & return basically flat. Even FAANG (Facebook, Apple, Amazon, Netflix, Google) .. not even close to btc. Note I skipped bitcoin's first years (2009-2012) and updated data.

Source: https://twitter.com/100trillionUSD/status/1221114618925527040

Cool...Bitcoin’s (BTC) risk-return is a “different beast”

Bitcoin Risk-Return a ‘Different Beast’ Compared to Amazon: Analyst

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Uploading a chart showing BTC risk-return versus Amazon stocks, U.S. bonds, gold and the S&P 500 on Jan. 24, PlanB showed Bitcoin behaved completely differently as an investment.

Quote

AMAZON added to the risk & return chart.
Risk (worst year return, 2000) = 15/76-1 = -80%.
Return (1998-2019, geometric) = (1850/5)^(1/22)-1 = 31%.
Much closer to the "normal" EMH / CAPM line.
Bitcoin (orange) is a different beast!🔥

Twitter: https://twitter.com/100trillionUSD/status/1220696131916718080

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At current levels, markets continue to conform to stock-to-flow, at $8,300 trading just below its suggested range. Before the next halving in May, $8,300 is, in fact, the average price the model says Bitcoin will trade at before moving significantly higher.

Source: https://cointelegraph.com/news/bitcoin-risk-return-a-different-beast-compared-to-amazon-analyst

Information of interest.

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Clark Moody Bitcoin Dashboard https://bitcoin.clarkmoody.com/dashboard/

Source: https://twitter.com/ChartsBtc/status/1221825736593424385
https://bitcoin.clarkmoody.com/dashboard/

Maybe a break is not confirmed by reaching 9.4k..

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BREAKOUT CONFIRMED!!

The downward Channel is Officially Pulverized! 🔥💥🔥

The downward Channel is Officially Pulverized! At this point, the breakout is clear. The 200 DMA is in the dust. Get your rockets & lambos ready bois, we goin to da moon. 🚀🏎️🌛

Twitter: https://twitter.com/MatiGreenspan/status/1222312079761133568

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Bitcoin would need to hold its January gains even if an easing global market sentiment boost risk-on sentiments. That could confirm that traders are bullish on to the cryptocurrency for broader timeframes – and that the current pump is not a fakeout.

Source: https://www.newsbtc.com/2020/01/29/bitcoin-hits-9-4k-but-a-bullish-breakout-is-still-not-confirmed/

Another update of BitcoinCharts

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Bitcoin Mayer Multiple 1.046

Source: https://twitter.com/ChartsBtc/status/1222541711856918528

According to Lee, an emerging Bull waking up ..

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Bitcoin moved back above its 200-day moving average on 1/27... positive milestone and reinforcing 2020 shaping up to be great year for $BTC #bitcoin

- whenever BTC >200D, win-rate (6M forward) jumps to 80% and essentially "re-entering" bull market (>200D)

Twitter: https://twitter.com/fundstrat/status/1222566246455160832

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Lee has also stated that Bitcon’s year-to-date gain of 26% represent the largest of any major asset class, with the cryptocurrency’s use as a safe haven asset being a likely contributor. It’s also worth noting that BTC price has moved up further since this tweet.

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Bitcoin is best performing asset class YTD +26%... demand for "safe haven" is boosting Bitcoin and arguably, #Bitcoin is seen as a better "safe haven" than $Gold #gold

- Gold is up a decent 3% vs a whopping 26% for Bitcoin

Twitter: https://twitter.com/fundstrat/status/1222301926936715265

Source: https://bitcoinist.com/bitcoin-is-re-entering-a-bull-market-fundstrats-tom-lee-confirms/

Many bullish factors by some analysts ..

Bitcoin Is “Screaming” For a Massive Surge: Factors That Will Send Price Surging Past $20,000

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The #Bitcoin hash rate JUST HIT a new ALL-TIME-HIGH!

A whopping 123,011,832 TH/s!!!

The $BTC fundamentals are screaming for a huge bull run leading into the halving! 🚀

BULLISH!!

Twitter: https://twitter.com/themooncarl/status/1222807314526298113

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Bitcoin’s hash rate “just hit” a new all-time high at over 123 exahashes per second — an astronomically large number of hashes being computed each second to process BTC transactions.

According to Financial Survivalism:

Quote

Source: https://www.newsbtc.com/2020/01/30/bitcoin-screaming-massive-surge-factors-send-price-past-20000/

The correlation efficiency between Bitcoin and Gold in this 2020 has been recorded as a maximum compared to the last 4 years.

According to Alex Kruger saw this growth:

Quote

“Bitcoin is in the process of becoming a macro asset as the market matures. In the meantime bitcoin is also a hedge against the TAIL-RISK of fiat systems collapsing, i.e. a put option on central banks without expiry.”

Twitter: https://twitter.com/krugermacro/status/1222024287240048645

Source: https://www.newsbtc.com/2020/01/31/bitcoin-actually-declines-off-of-political-uncertainty-bombshell-study-finds/

Fractal interesting ..

This Eerily Accurate Fractal Suggests Bitcoin Will Soon Explode to $12,000

Quote

Galaxy, another popular crypto analyst, spoke about this fractal in a recent tweet, noting that BTC could soon break the $10,000 barrier and move to $12,000 after a short period of trading sideways.

Quote

Today & May-June '19 similarities are interesting to watch.

By looking at this fractal, we are now in a consolidation before entering the next bull move & break the $10K barrier.

RSI also bounced in the exact same area as it did back then.

$BTC

Twitter: https://twitter.com/galaxyBTC/status/1223236420451684354

Source: https://cryptosyringe.com/this-eerily-accurate-fractal-suggests-bitcoin-will-soon-explode-to-12000/7629/

$10k is a psychological and necessary number for Bitcoin.

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The weekly chart makes it easier to visualize Bitcoin’s channel pattern and recent breakout. If Bitcoin can clear the technical congestion from $9,400 to $14,000, it should open up the opportunity to gun for its late-2017 highs once again.

Source: https://www.forbes.com/sites/jessecolombo/2020/01/31/heres-what-to-watch-after-bitcoins-breakout/#274c20813df1

There is very little left for the event ..

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In 3 months we will have a second S2F50+ asset. Very interesting how markets will value it 🔥

Source: https://twitter.com/100trillionUSD/status/1223578808160280576

Another way to see Halving with Elliot ..

Quote

Bitcoin Elliott Wave estimate targeting Halving event http://dlvr.it/RPBvl0 🙋 Earn Crypto via⟶ http://cbet.wtf √

Source: https://twitter.com/AlertTrade/status/1223688747599818753

I totally agree with this statement ..

Source: https://twitter.com/100trillionUSD/status/1223973310339391488

Another great tweet from PlanB about halving Bitcoin.

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#bitcoin halving 3 months to go .. now above S2F model value

Source: https://twitter.com/100trillionUSD/status/1224072769761161216

According to analyst Filb Filb

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“pretty bullish outlook” because the “volume indicators are good,” not to mention the “moving averages are trending up.” He added that his monthly chart coupled with his proprietary indicator is printing a buy signal, “which in the past has meant a big upside move.”

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“Overall, Bitcoin is exactly where anticipated; slowly grinding up towards previous resistance… I’m very much of the opinion that Bitcoin will reach to at least $12,500 level before the halving.”

Source: https://www.newsbtc.com/2020/02/03/heres-why-bitcoin-could-soon-see-big-upside-even-as-price-stalls-at-9400/

This week began with great volatility in the Stock Market, and the Bitcoin market is with good signals.

Bitcoin Price Forms ‘Golden Cross’ as China Panic Prints $170B

Quote

Authorities have fielded criticism for their handling of the outbreak, with China’s central bank injecting a huge lump sum of capital — 1.2 trillion yuan ($170.9 billion) — into the local market.

Source: https://coin360.com/coin/bitcoin-btc?utm_source=cointelegraph&utm_medium=referral&utm_campaign=maket-update

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Bitcoin was exhibiting bullish signals — technical fundamentals continued to set new records, and institutional interest in products such as Bitcoin futures was more palpable than ever.

Source: https://cointelegraph.com/news/bitcoin-price-forms-golden-cross-as-china-panic-prints-170b

Little is left for the Bitcoin Halving, a highly anticipated event ..

Quote

#Bitcoin price history

Twitter: https://twitter.com/ChartsBtc/status/1224358700686565380

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#bitcoin halving in 95 days

Twitter: https://twitter.com/ChartsBtc/status/1224359650260176896

Nice Chart..

Quote

When in doubt, zoom out #bitcoin

Source: https://twitter.com/ChartsBtc/status/1224717525172117504

Interesting...

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Bitcoin may enhance the risk and return profile of institutional investment portfolios. More in my "Investment Case for Bitcoin" presentation. Source: https://vaneck.com/globalassets/home/us/insights/blogs/investment-outlook/vaneck-digital-assets--the-investment-case-for-bitcoin.pdf

Source: https://twitter.com/gaborgurbacs/status/1224708731650412547

Interesting analysis with the Ichimoku cloud

Bitcoin Explodes as Rare Bull Signal Flashes For the First Time in 10 Months

Quote

Dubbed as Ichimoku Cloud, the technical indicator turned green to identify a long-term upside trend shortly after bitcoin surged towards $9,769.70 on Wednesday. It also hinted at the imminent formation of a Golden Cross – a popular candlestick pattern that predicts an upcoming bull market.

Source: https://www.newsbtc.com/2020/02/06/bitcoin-explodes-as-rare-bull-signal-flashes-for-the-first-time-in-10-months/

It would be great before Halving to see the price of Bitcoin at $ 15.8k..

Quote

Why This Top Analyst Says Bitcoin May Hit $15,800 Before 2020 Halving - https://cryptonewsking.com/2020/02/06/why-this-top-analyst-says-bitcoin-may-hit-15800-before-2020-halving/ - -

Twitter: https://twitter.com/CryptoNewsKing/status/1225591365419126784

Quote

“We can see that the pre halving ultimate top was around $800, or the 78.6% fib retracement. While history never repeats but often rhymes, this would actually put a top in around $15.8k.”

Source: https://cryptonewsking.com/2020/02/06/why-this-top-analyst-says-bitcoin-may-hit-15800-before-2020-halving/

Important points of the S2F model..

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Some misunderstandings about S2F model:
1) That it predicts $100k by May2020. No, it predicts $100k May2020-2024 average, like the chart shows
2) Why $100k, it was $55k? Yes, the original model on monthly data (Mar22) says $55k, but a new model on yearly data $100k. Your choice.

Source: https://twitter.com/100trillionUSD/status/1225747611153465346

More about the new money flowing for Bitcoin.

Quote

New money flowing into bitcoin - Realized Cap reaching all-time high
@glassnode
(4/6)

Source: https://twitter.com/ArcaneResearch/status/1225750748547424256

Very interesting reading.

Quote

Bitcoin is like gold only with one unique and differentiating property. It can be transported over a communications channel.
@coinbase
presents a bullish case for bitcoin's commodity-like value in its latest blog post:

Twitter: https://twitter.com/coindeskdata/status/1225902161843937280

Quote

Compared to gold, Bitcoin is significantly more volatile. However, Bitcoin volatility is dampening over the years. According to CoinMetrics, average Bitcoin volatility (180d) has declined compared to the first half of the decade: from 6.4% (2011–2015) down to 3.7% (2015–2020).

Source: https://blog.coinbase.com/digital-gold-scarcity-and-bitcoin-halvings-1d6cc16f3e8d

The new gauge is cool ..

Quote

New gauge. This one shows how many days did close higher than the current price. When it comes to zero it means we have new ATH.

LIVE: https://digitalik.net/btc/dashboard/

@Bitcoin
#btc #crypto

Source: https://twitter.com/digitalikNet/status/1226266459875291142

The recent events of the epidemic that has killed so many people in China, has caused many to put Bitcoin as a refuge from value.

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“Technically the structure’s bias is bullish as long as price doesn’t lose $9,150,” said Teddy Cleps, a market analyst at Crypto Freak Network. “Price has a decent margin to retrace and mark another higher high, and thus continue its growth.”

Source:https://www.newsbtc.com/2020/02/10/bitcoin-dips-on-profit-taking-but-fundamentals-show-its-parabolic-rally-is-not-finished/

Behold, according to some analysts, Bitcoin and Gold continue to rise despite the outlook in the world, some speak of correlation even.

It is well known that the correlation is low between the two .. only that it can be taken as an important fundamental that can be exploited in the market.

I also think there is still fuel ...

Quote

$BTC - I think there is still some rocket fuel left in the #bitcoin tank..

Source: https://twitter.com/BigChonis/status/1227046665187622912

The volume shows that there is a lot of negotiation, besides the current world events can help to continue growing in price.

Many are disappointed because the $ 10k pass was not sustained as much, and did not exceed, but it has a lot of advantage, since there is already considerable information about the offer at that price level.

Quote

Bitcoin's broader uptrend is still valid despite Monday's sudden move lower from $10,200. The weekly chart shows scope for a test of the October high of $10,350.

Source: https://www.coindesk.com/mondays-price-drop-didnt-break-bitcoins-bullish-trend

The comparison as a whole gives the vision that can be seen in a bullish trend. Each time less is missing for the Bitcoin Halving.

Quote

#bitcoin 2012-2016 vs 2016-2020

Source: https://twitter.com/ChartsBtc/status/1227256437388140545

I think that many people are putting their investments in Bitcoin, world events are pointing out that money should be protected, and bitcoin is leading as is gold.

Quote

Mr. Rager. “23%, 19%, 16%, 12% and a move up to the monthly resistance would be a 10% gain before a possible pullback. I’m watching monthly open at $10,761 as a major resistance much like it was at $13ks.”

It's nice to see BTC with that percentage of growth.

Source: https://www.newsbtc.com/2020/02/12/bitcoin-hits-10000-once-again-but-its-rally-is-slowing-down/

Interesting data...

Quote

A look at fees as a percentage of total miner revenue over time.

Full Data: https://docs.tokenanalyst.io/#bitcoin-miner-stats

Source: https://twitter.com/thetokenanalyst/status/1227620213555896320

Great content of this article...

Zombie Crypto Coins Beat Bitcoin During This Year’s Resurgence

Quote

The bursting of the crypto bubble was supposed to be the end for thousands of coins that sprung up in the wake of Bitcoin’s staggering success. But that hasn't happened

Twitter: https://twitter.com/technology/status/1227782697281576962

Quote

“Quarantines have kept millions of people isolated and forced digital-asset traders and investors to stay at home and trade digital assets from their mobile devices,” Ozden said. “This has led more traditional investors to look at digital assets as a viable diversification in their portfolio against the continued downward pressure in the region’s markets.”

Source: https://www.bloomberg.com/news/articles/2020-02-12/zombie-crypto-coins-beat-bitcoin-during-this-year-s-resurgence?utm_source=twitter&utm_content=tech&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-tech&utm_medium=social

A little of Bitcoin Halving and Cycle Low Multiple..

Quote

When posting updates, I should make sure the chart actually updated 🤦 Let's try again...

#bitcoin cycle low multiple

Source: https://twitter.com/ChartsBtc/status/1228026647875469312

The third best month of Bitcoin.

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Few people realize we are currently in the third best #bitcoin month ever. Only Dec 2017 ($13.880) and June 2019 ($10.760) closed higher.

Source: https://twitter.com/100trillionUSD/status/1228408846344970246

One of the many visions of Elliot.

Bitcoin’s Next Move: Elliott Wave Theory

Trading chart showing two Elliott Wave cycles between pre-2011 to February 2020.

Quote

Each time we reached a previous all-time high, we got there around the middle of a wave. If that pattern holds true on this fourth go-round, it suggests we could have two more years of a bull market after we hit $20,000

Source: https://medium.com/the-capital/bitcoins-next-move-an-elliott-wave-theory-6ec77b6acc3c

Many have spoken badly about Bitcoin, but they do not see its history, some compare it to gold, they have called it Digital Gold, it is well known that in many countries it is used as a Shelter of Value ..

Quote

The #Bitcoin price never experienced a bear market according to this chart.

$BTC yearly candles 👇🏻

Source: https://twitter.com/themooncarl/status/1228656559913406465

Only Signal..

Quote

Ignore the noise, focus on the signal
#bitcoin #S2F

Source: https://twitter.com/100trillionUSD/status/1229403678605553668

The price history is interesting, sometimes it is as if patterns are repeated.

Quote

#bitcoin Mayer Multiple 1.078

The 200 day average goes back to August 1, 2019 (the highlighted part of the price history).

Source: https://twitter.com/ChartsBtc/status/1229433267524259840

Everything looks good ... However the market is unpredictable despite ... for now the best thing is Hodl whatever happens.

Signal That Preceded 10% Bitcoin Boom Appears Again, and It’s Big for Bulls

Quote

TD Sequential: a red "9" on a 4h TF.
I wouldn't trust it too much, but hey, it is there...
$BTC $BTCUSD #bitcoin

Twitter: https://twitter.com/CryptoHamsterIO/status/1229589397495934976

Quote

On the fundamental side of things, there is a confluence of geopolitical and macroeconomic factors that could help push the price of BTC higher. These include but are not limited to the impending block reward halving, the lowering of interest rates by central banks, potential volatility in the equities markets, and trade tensions between nations.

Source: https://www.newsbtc.com/2020/02/18/signal-preceded-10-percent-bitcoin-boom-appears-again/

There are many analyzes that start from the sk to flow model of PlanB.

Analyst Prices Bitcoin at $400k By Next Year Based on Miner Capitulation Pattern

Twitter: https://twitter.com/100trillionUSD/status/1229828709097594881

Quote

With that in mind, a ratio of 10, or 10 times the bottom ($3.7k), puts Bitcoin at around $37k come halving time. What’s more, a climb towards the ceiling will see a ratio of around 100, or 100 times the bottom, putting Bitcoin at $370k by spring 2021.

Quote

While not hugely different to the figure used by Plan B, when multiplying by 100, a divergence of $60k is significant.

Source: https://www.newsbtc.com/2020/02/19/analyst-prices-bitcoin-at-400k-by-next-year-based-on-miner-capitulation-pattern/

Macro cycles, important point to consider.

Quote

Dips like today can be discouraging to some—particularly to those just entering the space. But remember to keep the macro cycles in mind. #bitcoin

It's going to be an exciting 2-3 years...#Bitcoin 🚀🚀🚀

*Dashed blue line is a projection of upcoming retracement touch points.

Twitter: https://twitter.com/JamesTodaroMD/status/1230152900845932544
Source: https://twitter.com/JamesTodaroMD/status/1230262123395239941

It is a clear demonstration of an inflationary economy of fiat money against Bitcoin.

Quote

In this table we see how much money would a person have now in $ if he/she would, in a given year (first column) buy BTC for $2 (average cup of coffee?) every day.

For example: if in 2012 somebody would buy every day BTC for $2 he/she could now sell it for ~$1M.

#bitcoin #btc

Source: https://twitter.com/digitalikNet/status/1230519543224832000

An interesting walk through history.

Satoshi on Scaling

Quote

Lightning Network bears less similarity to Nakamoto HFT than many other designs, which Satoshi would likely approve over Segregated Witness and its new concept of size.

Source: https://thedailychain.com/satoshi-on-scaling/

Nothing bad.

Crucial Indicator: Bitcoin’s Parabolic Bull Run to $50,000+ Will Begin Very Shortly

Quote

Historically you really wanted to be long by the time the weekly Ichimoku showed a thin red cloud and price reached that moment in time

Image 1 = Oct '12 & May '16 thin red clouds visualized

Image 2 = 2020

This year will cement the foundation for the next parabolic run

Twitter: https://twitter.com/BTC_JackSparrow/status/1230744065177636865

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PlanB (100TrillionUSD), a pseudonymous quantitative analyst, revealed a revolutionary Bitcoin price model proving such price points as entirely feasible for BTC to reach in the coming years.

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Twitter: https://twitter.com/Geertjancap/status/1217552995065442307

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Some have been even more optimistic, saying that $50,000 may only be the start of an even greater move.

Source: https://www.newsbtc.com/2020/02/21/crucial-indicator-bitcoin-parabolic-bull-run-50000-begins-2020/

It is an option, everything can happen.

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1/ During the last two #Bitcoin bull cycles, price bottoms and tops fluctuated around halving dates in an almost equal ratio. If this relationship were to hold true, we still have more than 570 days of bull market ahead of us, with a cycle top coming in around Sep 2021.

Source: https://twitter.com/CryptoKea/status/1230925037026381826

There is talk of a resistance at $ 10k, it is likely that there is still a floating offer at the $ 9k level.

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In the near-term, it is important to keep in mind that Bitcoin is facing mounting resistance between its current price levels and $10,000, with Big Chonis – a popular analyst – noting that he sees “more resistance than support.”

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$BTC - all I see is more resistance than support...#bitcoin weekend price action begins ...

Twitter: https://twitter.com/BigChonis/status/1231031488029831168

Source: https://www.newsbtc.com/2020/02/22/this-tiny-range-could-set-the-tone-for-where-bitcoin-trends-in-2020/

It is a good point of view from Elliot.

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$BTCUSD 4 hour weekend update shows #Bitcoin turning higher from blue box as expected. It needs to break above Feb 13 high (10500) to avoid deeper (double) correction #elliottwave #trading

Source: https://twitter.com/ElliottForecast/status/1231797997970894850

There is little left for the big event ..

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#bitcoin halving drawdown cycles

Source: https://twitter.com/ChartsBtc/status/1231964993857277955

The information extracted from the volume is positive, following Wyckoff's point of view, a small rally may occur, I hope so.

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$XBT $BTC $BTCUSD #Bitcoin: Notes on the chart. Although things are looking bearish on lower TF charts, I think that btc is still in a big range between 9.6-10.4. Unless either of those lvls break on HTF charts, it's still just 1 big range IMO.

Source: https://twitter.com/AltcoinSherpa/status/1232136970517852160

I have no doubt about it, I think that the next ATH will be historic and will mark more value.

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#bitcoin drawdowns

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The price of bitcoin peaked at $32, $1,163, and $19,892 in the 3 cycles so far. Each time the price dropped > 80% but then rebounded. New all time highs were reached months after the first 2 halvings. Will it happen again?

Source: https://twitter.com/ChartsBtc/status/1232327004092919809

Interesting:

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An unknown miner has swept up nearly 9,000 BCH that were mistakenly sent to SegWit addresses (which are only redeemable on Bitcoin.) Over $3M as of today. H/T
@khannib

@coinometrics
https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-536

Source: https://twitter.com/lopp/status/1232292962949894144

There are 85 days left for the Bitcoin Halving, a lot of bullish expectation.

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whales with balances 1,000-10,000 BTC may be exiting the “wait-and-see” phase now, meaning they could potentially be done with the ‘hodling’ phase. Historically, exits from such phases have been followed by an increase in volatility, which means that bitcoin’s market could be in for a very volatile phase if such whales do indeed end their dormancy.

Source: https://asiatimes.com/2020/02/bitcoin-halving-whales-may-tire-of-hodling/

The effects of Coronavirus are already evident in the markets.

Twitter: https://twitter.com/RonnieMoas/status/1232351920104321024

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“We might be in for a short term relief bounce at [$9,000-9,100] ‘support’ here,” said full-time trader Michaël van de Poppe. “Mainly watching how strong this would be. Reclaiming $9,400 would be essential. If no bounce or no reclaim; $8,750-8,800 is next (based on weekly).”

Source: https://www.newsbtc.com/2020/02/26/bitcoin-hits-three-week-low-as-coronavirus-spreads-to-europe-us/

Nice..High expectations for Bitcoin Halving.

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#bitcoin cycle low multiple

Source: https://twitter.com/ChartsBtc/status/1232697833603485696

Following the model, for me it will be Bullish.

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Is #bitcoin bullish or bearish? According to the #s2f model, its about bang on where its meant to be. Look at the likelihood. The low likelihood points are becoming less frequent. bullish imo. Remember blue + low=undervalued. Red/orange + low=overvalued. https://btconometrics.com

Source: https://twitter.com/btconometrics/status/1232951660319657984

Yes! Hodl!!

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JUST HODL IT. pattern

Source: https://twitter.com/ChartsBtc/status/1233066977523982338

Bitcoin can be the solution for many things, gold has always been in crisis, currently for many it is also considered a safe haven.

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Where I live the entire yieldcurve is negative: 1Y interest rate, 5Y, 10Y, 30Y all below zero. Soon in US too. This is a problem because banks already charge negative rates on savings accounts. Also, pension funds have trouble making enough return. #Bitcoin could be the solution.

Source: https://twitter.com/100trillionUSD/status/1233346157977513984

Good point.

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Bitcoin has been UNCORRELATED to other asset classes.

If stocks drop, this does not mean Bitcoin has to pump. If gold prices climb, this does not mean Bitcoin will rise with it everytime.

Not negative or positive. UNcorrelated.

Narratives will come & go.

Source: https://twitter.com/VentureCoinist/status/1232671637130088449

Almost there.

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About 2 1/2 months until the next #bitcoin cycle starts[/quote

Source: https://i.imgur.com/uRJJ63r.png[/img]]

I think Bitcoin can take a good bullish leap.

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Very interesting dynamic on the TOTAL chart. There seems to be a generational pivot precisely at the intersection of the two most important diagonals on the entire chart dating back to the ATH.

Could BTC be coiling in preparation for something huge?

Twitter: https://twitter.com/MustStopMurad/status/1233529181130108933

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If the crypto market does dip lower before incurring some intense upwards momentum, it is possible that this formation will be validated, meaning that a massive movement is imminent.

Source: https://www.newsbtc.com/2020/02/29/something-huge-is-brewing-in-the-crypto-market-factors-to-watch/

Hi WO!!!

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Bitcoin Fear and Greed Index is 38 - Fear

Source: https://twitter.com/BitcoinFear/status/1233723832810299393

There is very little left for Bitcoin Halving, and the world with a developing Fundamental like Coronavirus, gold loses 7%, great opportunity to buy and Hodl now more than ever.

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#Bitcoin halving 2 months to go .. 2 more blue dots, then REDCohete

For new followers:
- Original S2F model article (22/3/2019):
https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
- S2F model and EMH article (17/1/2020):
https://medium.com/@100trillionUSD/efficient-market-hypothesis-and-bitcoin-stock-to-flow-model-db17f40e6107

Source: https://twitter.com/100trillionUSD/status/1234105954930741250

Interesting.

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Despite $BTC's recent price drop, its hashrate has hit ATH and continues to climb.

#Bitcoin's impending halving is getting closer each day, how do you expect price to react?

Read about Bitcoin & its diversification properties in portfolio management. Flecha hacia abajo
https://research.binance.com/analysis/bitcoin-diversification-benefits

Source: https://twitter.com/BinanceResearch/status/1234311320620584960

This may mean a good omen for the speedy price recovery.

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CME futures linked to the pair also notched higher by 3.57 percent, signaling a renewed bullish sentiment into the beginning of the new week.

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Traders considered bitcoin and gold to behave as havens against the turmoil in risk-on assets. But with all of them falling in tandem, it showed investors were merely speculating on bitcoin and gold: Buying them at lows and selling them at highs.

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Yield curve and US treasure bonds collapsing. Look at the stock market going down is exiting, but the real threat is in the bubble debt Bonds... buy gold and #bitcoin...

Twitter: https://twitter.com/javierbitcoin/status/1234438819124011008

Source: https://www.newsbtc.com/2020/03/02/bitcoin-jumps-alongside-gold-on-fiscal-stimulus-sentiment/

Hi WO!!!!

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Less than 10,000 blocks to go #bitcoin

Source: https://twitter.com/ChartsBtc/status/1234873116167266304

Great article, it is surprising how the stock-to-flow model has so many adaptations, in my time at the U, game theory was a very complicated matter, but with excellent applications.

The Hodler’s Game — Game Theory applied to Bitcoin’s pricing

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Hodlers tend to accumulate during low volatility periods and to sell during incurring price spikes, while Opportunists take the other side of the trade and kick-start the volatility when they enter the market

Source: https://medium.com/coinmonks/the-hodlers-game-a-summary-83ea4bac22d9

Another great tweet from Plan B..

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So I think May 2020 #bitcoin halving will produce similar results (red dots) as 2012 and 2016 halving. Why? Co-integration! ELI5: S2F and btc price stay together. Look at the white dots (1 means btc price is exactly S2F model value), btc is above and below model value EVERY YEAR.

Source: https://twitter.com/100trillionUSD/status/1235281599454998528

Hi WO!!!

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$BTC

Any long trade is a short term trade until Bitcoin can break and hold above the $9500s

$9400s to $9500s has played a important S/R level since June 2019 - breaking above this level will be key for bullish continuation

My take profit targets start near $9400

Twitter: https://twitter.com/Josh_Rager/status/1236171457903964160

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Despite high price action, BTC has not repeated previous periods of almost continuous growth, and is still range-bound. For now, bitcoin price stays within a long-term bullish framework, but future markets have to work out complicated moves around certain price levels.

Source: https://bitcoinist.com/bitcoin-price-must-pass-this-level-to-turn-bullish-again/

Great France!

Twitter: https://twitter.com/DailyChainNews/status/1236327670687858688

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The advancements that have been seen this week from India, France and South Korea paints a picture of recognition and acceptance of Bitcoin at the nation level, a level that will have a lot to say in the global adoption of cryptocurrencies.

Source: https://thedailychain.com/france-declares-bitcoin-as-legal-money-following-good-news-in-india-and-south-korea/

Nice..

Analyst 4 Reasons Why Bitcoin Is Looking Extremely Bullish at $9,000

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Bitcoin daily

Bitcoin daily

Golden cross

Kumo twist

Halving in less than two months

Enjoy the sunshine above the cloud Cool

Source: https://twitter.com/CryptoBull/status/1236218459832410112

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Reason #1: Bitcoin Recently Printed a Golden Cross

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Reason #2: The Halving is 2 Months Out

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Reason #3 and #4: The Ichimoku Cloud Is Bullish

Source: https://www.newsbtc.com/2020/03/08/analyst-4-reasons-why-bitcoin-looking-extremely-bullish-9000/

Bitcoin’s pullback from $9,000 triggers BitMEX liquidations

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As a result of the price movement, the volume has moved up, but not in a commensurate fashion. On March 7, a total of $9.47 billion was traded in Bitcoin futures across the major 9 derivatives exchanges, excluding the CME and Bakkt.

Source: https://eng.ambcrypto.com/bitcoins-pullback-from-9000-triggers-bitmex-liquidations/

It's interesting, technology makes the financial world change remarkably.

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When the stock market tumbles, investors usually seek safety in gold, bonds, and other hedging assets. A traditional argument says that falling yields are good for gold, going by their extremely accurate negative correlation since the 2008 financial crisis. Investors pick the yellow metal over low-risk bonds whenever the central bank cuts down its lending rates.

https://www.newsbtc.com/2020/03/09/bitcoin-gold-to-explode-as-treasury-yields-hit-record-lows-top-portfolio-manager/

Source: https://www.newsbtc.com/2020/03/09/bitcoin-gold-to-explode-as-treasury-yields-hit-record-lows-top-portfolio-manager/

Bitcoin Halving is approaching, many expectations are noted.

BITCOIN MINING DIFFICULTY SEES HUGE 6.8% INCREASE

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#bitcoin

difficulty adjustment appr. +6,8% today.

I marked the adj. of 5%+ (relevant adj.) from 2015.

green = price higher/equal until next relevant Adj.
red = price lower until next relevant adj.

a relevant adj. doesn´t lead to higher prices in general but often.

Twitter: https://twitter.com/BitcoinPrinter/status/1236971695795253253

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Bitcoin’s hash rate difficulty increased by almost 7% today at 5:50 am. The next scheduled difficulty rate recalibration will take place on March 21st at the very earliest, or in 2016 blocks. As difficulty increases it makes the network much harder to attack.

Source: https://bitcoinist.com/bitcoin-mining-difficulty-sees-huge-6-8-increase/

The time is coming ....

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Less than 60 days until halving.

LIVE: https://digitalik.net

#bitcoin #btc #stocktoflow

Source: https://twitter.com/digitalikNet/status/1237301625833885696

An interesting analysis using Wyckoff ..

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I created this for $BTC to give you an overview of two things:

1. Wyckoffian cycle logic
2. The reason there is no panic to take position

If this is a true accumulation process, we'll hold the lows and accumulate. If it's more aggressive, we'll see lows before beginning.

Source: https://twitter.com/ColdBloodShill/status/1237359050804920321

Another update of BitcoinCharts ....

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#bitcoin halving candles - less than 2 months to go

Source: https://twitter.com/ChartsBtc/status/1237384025137799168

Interesting linear scale..

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Linear scale through 2023

Source: https://twitter.com/ChartsBtc/status/1237757016493281286

PlanB update

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#bitcoin S2F chart update: current $7750 btc price (last red dot) spot on stock-to-flow model value (black line)

Source: https://twitter.com/100trillionUSD/status/1237822143951515650

Impressive liquidations.

Brutal 25% Bitcoin Crash Liquidates $0.5 Billion In BitMEX Longs

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As a result, per data from Skew.com, $500 million worth of BitMEX longs were liquidated in a single hour, wiping out lots of traders across the industry; it isn’t clear how much was liquidated across other trading pairs.

Source: https://www.newsbtc.com/2020/03/12/brutal-25-bitcoin-crash-liquidates-0-5-billion-bitmex-longs/

Hodl is the safe way.

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Well, I wasn't expecting that. Good thing I don't trade. DCA, BTFD, and HODL #bitcoin

Source: https://twitter.com/ChartsBtc/status/1238506899877707776

Although it is in this stage of extreme fear, it can be seen as a great opportunity to buy cheap, in fact even Snowden is interested in buying Bitcoin.

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Bitcoin Fear and Greed Index is 10 - Extreme Fear

Source: https://twitter.com/BitcoinFear/status/1238615880176713728

It is true, anything can happen, the fact that the situation of the Virus is improving in China is not a guarantee of anything, there is still a lot of panic and it is reflected in the markets.

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According to Mayer Multiple Price Bands #Bitcoin got extremely close to the "oversold" level at $4.9k on 12th March (closing price).

Oversold condition will be met @ closing price <=$4.7k (0.55x the 200 DMA).

Note: Be cautious, current macro situation could cause "trend" break.

Source: https://twitter.com/CryptoKea/status/1238821057366085644

Any announcement that raises the price of Bitcoin is welcome.

QE4 Begins: Fed Cuts Rates, Buys $700B in Bonds; Bitcoin Rallies 7.7%

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The price of the largest cryptocurrency by market capitalization soared 7.7 percent, from $5,182.70 to $5,582.62, in less than an hour after the Fed’s announcement.

Source: https://www.coindesk.com/qe4-begins-fed-cuts-rates-buys-700b-in-bonds-bitcoin-rallies-7-7?utm_source=dlvr.it&utm_medium=twitter

Most bet that Bitcoin will continue to fall, but the market always shows the opposite of what the masses think, in every crisis there is a very good opportunity that very few see, and in Bitcoin there is now a great investment opportunity.

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A really cool fractal

I added some context to it, comparing the virus with the 2008 crash

Gann analysis on the price and time aspects shows high confluence for this scenario with near ATH levels around EOY/NY

Kudo's to
@CryptoCapo_
and
@kenzboard
who showed me the fractal

Twitter: https://twitter.com/BTC_JackSparrow/status/1239133425790930950

And “Crypto Trader Digest” newsletter:

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“As central bank printing presses switch into beast mode, Bitcoin should enjoy a nice run back through $10,000 towards $20,000 by year end. Each central bank will cut rates to zero and announce open ended quantitative easing.”

Source: https://www.newsbtc.com/2020/03/16/scarily-accurate-fractal-bitcoin-will-trade-20000-q1-2021/