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Could Bitcoin hit 53k before going higher?Currently Bitcoin has stopped at the 60k support but isn't looking all that great. This is the 3rd attempt to break out completely, but each time it has failed miserably. The ATH was right at the R3 weekly and the support was right at the old resistance. Slightly lower we have a key diagonal coming from the 29k bottom + horizontal + weekly P + CME gap at 59k + Volume profile PoC, then the 50 DMA + Monthly P are at 55-56k and finally 53k which is important in my opinion for several reasons. First of all we have this interesting fractal from the previous large drop from 62k down to 50.5k. Very similar situation and it could repeat. Then we have old support that broke just for a brief period and then quickly reclaimed and led to a decent move up along with the weekly S3 (for now). I also believe it is a great place for a trap right below the 50 DMA + Monthly P to scare people because the 50 DMA hasn't really been broken to make people think the bull might be over. The fact that it held twice so perfectly is not a bullish sign but bearish until we get a shakeout. Finally the last reason is that there is a CME gap right at 54.5k. Long are super high all across the board, no matter where you look at (Bitfinex, Binance or OKex). Funding is quite high and premiums on futures are dropping but in weird and rapid way which might be a signal that somebody knows something. Now add to the mix that we are 2 days after the Coinbase IPO (not much more money to flow into crypto from there) and that Alts have rallied about 70-100% since March 25th without a large correction. We've also had 3.5 months of alt season which usually is enough for the show to be over + Bitcoin is overbought and diverging. Now having said all that before I see it go to 53k I wouldn't call for a bear market or anything like it. For now I see no major risks in terms of bonds, the USD or stocks, although at some point relatively soon I'd expect a correction in stocks as they are back at ATHs and rallying hard. Now in regards to crypto as a whole, it probably is time for a correction. We've moved up hard and we've seen tons of crazy moves over the last few days. We've seen things rally for almost 2-3 weeks and that's usually enough for a decent pullback. Of course after that I believe we are going higher and that this year we could see the total Market cap get to 10-20T by the end of the year. So a 20-25% pullback in alts and 15% pullback in BTC wouldn't be anything crazy and just a healthy washout before we move higher. In term of a bear market I see nothing that screams bear and although it isn't impossible I can't and don't want to call anything long term bearish at the moment. By the way I did talk about this correction on BTC briefly on my social media but because it was pretty late for me I had to just resort to those mediums and not Tradingview. Even here I try share as much as possible but sometimes my trading or other stuff get in the way. coinalyze.net s3.tradingview.com s3.tradingview.com
BITSTAMP:BTCUSD
by BitcoinMacro
2
Ethereum Classic's Fork LiftEthereum Classic (ETC) has had a great start to 2021 with the price rising 600% YTD. The hash rate of the ETC network has been rising steadily since the three year low as seen in early September last year. The Price has followed suit from the off in 2021. This has resulted in making the network more attractive to miners which in turn increases the security of the project. We went long on 07 February and are +373% in a little over two months. Ethereum Classic is a global, open-source blockchain platform for decentralized applications (DAPPS), powered by smart contracts and has its own native digital currency ie. ETC. Ethereum Classic is actually the original legacy chain of the Ethereum network. It emerged after a contentious hard fork on the Ethereum blockchain in July 2016 after a disagreement over reverting the blockchain to reverse a hacking. The hacking involved DAO or the decentralized autonomous organization, which had raised $150 million in an initial coin offering months earlier. Whereas ETC did not revert the chain, ETH followed another course. Both the coins support smart contracts, but ETH has taken a performance-based path in its 2.0 rollout as it moves to a Proof of Stake model. Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions. Greyscale Investments, established by Digital Currency Group in 2013 have created 14 Digial Asset Trusts including one for Ethereum Classic. The ETC trust is now the third largest digital asset trust on Greyscale's books: tokenview.com Ethereum Classic has a circulating supply of 130 Million ETC coins and a max supply of 211 Million. Binance is currently most active market trading it. We spotted an opportunity in early February as a result of the rising hash rate which had been in evidence over the previous months and with the price having retraced 420% from its all time high, we decided to take the plunge. Today we see a 18% pullback in the price from its all time high set just 14 hours ago. After the recent rally, this pullback may see a few sniffer dogs arrive on the scene. Will you be one of them?
KRAKEN:ETCUSDLong
by rzinho
3
The craziest price prediction of BTC in 2030.This is just my personal idea and price speculation for Bitcoin and digital currencies. In my opinion the mass adoption has began recently in many industries which will convince the whole world and the universe to shift to crypto currencies any time soon. perhaps you might have asked this questions that how much would be a Bitcoin around 2030 when the mass adoption completely happens? here we go. I believe that the total market cap by 2030 will be 10000X which is not really bad hehe, imagine if only %50 of the population, the companies, the agencies and the financial institutions use digital assets for their daily transactions as well as investment so they put their money in to this industry. believe it or not we are just at the beginning of this paradigm shift. in my view, due to the limited circulation supply of Bitcoin which is almost over and also the enormous demand, each Bitcoin might be around $500000000 or 500 Million dollars in 2030-2040. this is just my price prediction for the next 10-20 years. please leave your comments bellow to talk more about this amazing investment opportunity in our century or at least in this decade. Thank you for your time and support.
BITSTAMP:BTCUSDLong
by taktip
11
Best Bitcoin Trading Ideas!!Bitcoin is back at highs, with a minor retracement as we anticipated. From here it could go either way. If we see a burst of momentum, we could easily breakout to the $60K's. We could also range at this point, or retrace further, forming a broader bull wedge consolidation pattern. Either way, there is no denying Bitcoin is gearing up for the $60K's, its just a matter of when. We could see a dip to $54.3K, or even $52.8K. The Kovach OBV is strong but has sloped off slightly
BITSTAMP:BTCUSDLong
by quantguy
$EGLD - Elrond is moving like AAVE +90%When I made my post of the original setup I said how it is fundamentally a strong project with a well respected team behind it, but damn I didn't expect this. I can't lie I took all my profits at the 2.0, at $91 which I'm happy about as was still a big 40% profit. Maybe now in this environment if a coin is fundamentally really bullish, like 1inch was, we keep 20-30% of the initial trade running as a bit of an investment and cash this out when it does it's next leg or two up, if it does that is. Wandering where this will go now? Theres not really anything to fib off here, so maybe psychological $150? A retrace to $101 or $91 does look likely to me in the near future...
by InvestmentsHub