Bitcoin – This is what’s happening

Today I’ll do my favourite type of TA post: where I show you charts and let you make up your mind. I’ll point out the patterns and movements which I see – you get to decide if I’m right or not. (*Spoiler alert* – I’m pretty good at being right…)

Chart 1: The Long-term chart

The long-term chart is important because it sets the “climb angle” for BTC as a whole. I have seen several long-term logarithmic charts lately, with each successive bull markets showing a declining angle of climb. I don’t consider those charts to be correct. The technical analysis of

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BTC: Not putting my money where my mouth is

I was faced with a very difficult decision this past weekend: Buy BTC or don’t buy BTC.

Last month I described a crypto buying process ( “Buy crypto now! – Like this:” ), a process which I believe best suits the current market conditions. Because it is an optimal buying-in strategy, I have been trying hard to stick to it. However, some unfortunate local circumstances have created a sudden urgency in my need to acquire more BTC. Due to my particular financial situation, these circumstances will not apply to you, but what I have learnt from this situation may well assist

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Investing in Crypto is too close to gambling, so let’s gamble!

A long, long time ago (8 months – which is like 8 years in crypto terms) I wrote this post on Steemit: https://steemit.com/cryptocurrency/@bitbrain/investing-in-crypto-is-too-close-to-gambling

In it I complained that outsiders see crypto investing as gambling, but then went on to say that:

“Since we’re being accused of it, we might as well be guilty of it!”

I think that it’s time to be guilty of it again…

Let’s Gamble!

(again)

From https://www.maxpixel.net/Gambling-Game-Bank-Game-Casino-Profit-Roulette-1253622, shared under the CC0 1.0 license

Here is how this works:

The prize is the same as last year’s – simply the most enviable prize in all of the known cryptoverse. If you beat me, and it’s a big “IF” then you

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BTC Short-term 13 March

A small short-term BTC price movement forecast – compliments of yours truly

From big to small:

The large converging triangle is still in play – this apex of this triangle lies in mid-July (solid white lines).BTC is still moving downwards after it’s last trip up above $4000. I expect a bounce around $3600 (solid yellow lines).Interim BTC movements are in a North-Easterly direction and are accordance with diagonal Fib levels.

Made by Bit Brain with TradingView

The bigger picture looks like this:

Made by Bit Brain with TradingView

In the short-term I expect a BTC movement something like this. Volume is dropping again so

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A Bounce is not just a bounce

BTC took a big dip less than a day ago. Unlike other recent dips, it didn’t stay there for long…

The recent BTC dip was significant in size: A drop from around $3894 to $3742 (a $152 difference – BitMex prices) within an hour is a relatively major drop. On any other day, a 3.9% drop in BTC price would be a considered a bad day. This day was different.

Whereas the norm for BTC is to stay at the new level after a sudden price drop or rise, BTC started recovering instantly: regaining and then passing the starting level (of the

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BTC – 08 March

A quick look at what BTC is doing

In the short-term BTC is channel bound within an ascending channel. It seems likely that this state of affairs will not continue for too much longer. I say that based on the length of similar channels in the recent past. I expect a sudden rise or dip before BTC forms a new channel with the same East-North-East price movement.

The chart below looks back about three weeks and shows how this East-North-East price movement has been prevalent in all major recent channels. It also shows how long the channel bound price movements remain intact

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Bitcoin – The future becomes clearer

Old age is difficult. I went to my PC to type my blog post – topic firmly in mind. After finally catching up on all recent post comments, other interesting posts and typing a few replies… … I had no idea what my topic was anymore. Fortunately I keep a long list of “topics I will one day get to” – so I opened up my list and picked one. As I was about to start typing, I glanced at the BTC chart and noticed something I hadn’t noticed before. One more topic change later and here we are! Today

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Bitcoin – The future becomes clearer

Old age is difficult. I went to my PC to type my blog post – topic firmly in mind. After finally catching up on all recent post comments, other interesting posts and typing a few replies… … I had no idea what my topic was anymore. Fortunately I keep a long list of “topics I will one day get to” – so I opened up my list and picked one. As I was about to start typing, I glanced at the BTC chart and noticed something I hadn’t noticed before. One more topic change later and here we are! Today

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Bitcoin Technical Analysis: Continuation of the Bear Market or Bear Trap?

Yesterday Bitcoin tried breaking above the $4,120 resistance on Coinbase. While price was able to briefly wick above, it was unable to decisively penetrate. The bears quickly pushed it back below $4,000. Even though we watched price drop nearly $400 in 4 hours, volume remains relatively strong in comparison to just 2 weeks ago. In…
Read on Trybe

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Bitcoin and EOS Analysis: QUICK UPDATE

Bitcoin has been unable to break above the $4,000 resistance (Coinbase). Volume ’s dropped off slightly, which was expected. Price is currently trading round $3,900. it looks like we may see one more attempt to breach $4,000. If that fails, I’m expecting a drop back at least $3,800. EOS has been impressive these past few…
Read on Trybe

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