The graph shows hash rate divided price for bitcoin. The distribution of points is linear, increasing from left to right, indicating a strong positive correlation. A quick check with python shows that Bitcoin price and hash rate have a 78% Pearson correlation taken over the entire history of the market. To put that into perspective, anything above 50% would...
Science Has Proven That Reading This Education Post Will Either Put You To Sleep or Put You On Your Path To That Lamborghini. Let's Start From The Beginning... (Print this entire tutorial as a reference) WHAT IS GRID TRADING? Grid trading is a type of trading, typically managed by a dedicated Grid Bot. In a nutshell, you select a range, you...
Enclose copy of my previous posting of this chart - Daily version, with an extended 200 MA. NOT ADVICE DYOR.
In this post I will explain why there will be another alt season and alts will perform well at some point against Bitcoin. 1. Shitcoins piggy back on Bitcoin's success. For as long as Bitcoin is doing well, people will try to find the next Bitcoin. Many newcomers will feel they missed the boat or they will simply believe Bitcoin is outdated tech. Most people...
NOT ADVICE DYOR
I continue to talk about my trading principles.
Every time the market to change the plate before and after, is the most prone to make mistakes, many people are not good because of psychological quality, false start, resulting in unnecessary losses, so trading is not only competitive technology, more is to see the psychological quality. As with Texas hold 'em, if you can play a bad hand to the end and win, it's...
Don't have time to post all details on chart for now. See previous posts what I'd normally add. NOT ADVICE. DYOR.
Not many are able to think long term and realize this, but the cryptocurrency markets have already topped. With summer ending soon, the next 50% price cut might be only a few weeks away. Good news! I was (finally) able to verify and unfreeze an account with a crypto exchange and cashed out most of my money out of this MLM scheme. Now, I have no skin in the...
I am seeing divergence in GOLD and BTC. BTC seller pressure and GOLD buying...people are "unsure" in the economy as to what is happening, they don't even want to think about elections, brexit stuff is still happening, JPY yen is getting stronger and BTC has corrected almost 50% this year..Asia holds most of BTC so as it climbs so does Yen alongside trade wars with...
All details on chart. NOT ADVICE. DYOR.
hey traders, very interesting market sentiment on BTC. currently the market is approaching a key level of support, and reaction on this level will most-likely determine Bitcoin's future direction. for now, be focused on the narrow support area between 9000 and 9500. if bears break and close below it, I will expect bearish continuation to lower structure levels...
Hello traders! Today we will talk about Bitcoin and its dominance! Well, as you know BTC Dominance is in the sharp rise and looking at the current wave structure, it doesn't look like it's already topped yet! A potential continuation triangle formation can be also seen in the ETHBTC chart, which means that BTC is still leading! So, in our opinion, based on many...
This rising wedge played out perfectly, came back to the exact starting point on the 4h.
In bitcoin trading, many chart forms are applied, such as double bottom, double top, head and shoulder bottom, triangle, etc. The most important one belongs to triangle sorting. I think a lot of people remember last November's crash. At that time, bitcoin was in a large convergence triangle, which failed to break upward several times and was well supported in...
cross want to crack resist i believe BTC true in wave 33