Theperfectionist

Theperfectionist Updated 

The Basics of Bitcoin's Analysis As we approach the anticipated fourth Bitcoin halving on April 15th, 2024, the mining of Bitcoin’s 19,656,962nd coin is a testament to the network’s enduring strength, bringing the circulating supply to 90% of the total. The ‘rainbow chart’ remains a popular model for visualizing Bitcoin’s logarithmic growth and its cyclical...

Theperfectionist

Bitcoin Halving 2024: A New Era The fourth Bitcoin halving, expected on April 15, 2024, will cut the block reward to 3.125 BTC, increasing scarcity and reinforcing its deflationary nature. Historically, halving cycles drive three phases: a bullish uptrend in the first 70,000 blocks, a bearish retracement in the next 70,000, and sideways consolidation before the...

Theperfectionist

Introduction The fourth Bitcoin halving, anticipated on April 15th, 2024, marks the beginning of a new era, reinforcing Bitcoin's deflationary narrative and catalyzing its cyclical market dynamics. With 90% of Bitcoin's supply already mined and a reduced block reward of 3.125 BTC, scarcity is set to increase, setting the stage for a bullish...

Theperfectionist Updated 

BITSTAMP:BTCUSD BINANCE:BTCUSD CME:BTC1! COINBASE:BTCUSD What’s Bitcoin? Bitcoin is a decentralized digital currency that operates on a network of computers, eliminating the need for intermediaries or central authorities. It was introduced in 2009 by an anonymous individual or group known as Satoshi Nakamoto, who outlined the concept in a white paper...

Theperfectionist Updated 

Speculations, Data analysis, well-known Patterns, Fundamentals, Daily News and more are several tools we use to predict what could be the next move of our favourite instrument : Bitcoin. Genesis Bitcoin (BTC) was invented by a pseudonymous individual or group named Satoshi Nakamoto in 2008 and is the world’s first enduring cryptocurrency that succeeded where...

Theperfectionist Updated 

Bitcoin's 19th million coin was mined recently, increasing the circulating coins proportion to 90% of the total supply. Besides, there is a common pattern known as the rainbow chart which displays the logarithmic regression path bitcoin follows. The cyclical behaviour of the security can be explained by the following facts : Bitcoin tends to be overall bullish...

Theperfectionist Updated 

We entered the third era of Bitcoin, the rebirth with an increasing weekly traded volume at 75,000 coins and a succession of RSI overbought levels marking an uprising bullish strength. After settling at the lowest level of the era 3500.0 USD per coin, the crypto is aiming for 20000.0 and upper levels with its third euphoria.

Theperfectionist

It has been a crazy time in the cryptocurrency market as dog-themed coins have spiked and fallen while the head of Tesla has also had his own impact on the massive Bitcoin market. Elon Musk has come out against Bitcoin’s environmental impact and tanked the price, but there are a lot of other crazy news events impacting crypto. Ethereum co-Founder Vitalik Buterin...

Theperfectionist

The cryptocurrency market has gain a tremendous popularity within the past 4 years. Unarguably during the 2017, bitcoin was on all the report news highlights with a solid return of 1318%. Besides, this wouldn't prevent it to have an 84% drawdown that would last more than a year. Just as a simple understanding and in a fundamental view, Bitcoin has a limited supply...

Theperfectionist

Fundamental: U.S. crude oil inventories were seen falling last week, while distillate supply likely declined for a fourth week, a preliminary Reuters poll showed. Meanwhile, OPEC Cuts 2021 Oil Demand Forecast Again as Virus Cases Rise World oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise, OPEC said on Tuesday, adding...

Theperfectionist Updated 

Natural gas is playing a larger role in the energy industry. Once thought of as a byproduct of oil production, natural gas is now used in a variety of ways, from residential uses to industrial, to electricity generation. For instance, the single largest factor affecting demand for natural gas is temperature. During the winter, natural gas is used for heating while...

Theperfectionist

Fundamental Analysis: It’s been nearly three years since the world’s top oil exporter and OPEC’s de facto leader Saudi Arabia forged an alliance with Russia to start managing oil supply with the hope of rebalancing the market and ensuring, in their words, market stability, in other words—higher oil prices. While they have managed to put a floor under oil prices,...

Theperfectionist

We entered the third era of Bitcoin , the rebirth with an increasing weekly traded volume at 75,000 coins and a succession of RSI overbought levels marking an uprising bullish strength. After settling at the lowest level of the era 3500.0 USD per coin, the crypto is aiming for 20000.0 and upper levels with its third euphoria. The current support @6000.0 acts like...

Theperfectionist

Origins and Concept: Ripple is a peer-to-peer decentralized open source public ledger created to facilitate the electronic transfer of money, whether fiat or crypto. It was initiated in 2012 to reduce money transfer times of 3-5 days to instantaneous and to significantly diminish the estimated $1.6trillion in annual costs associated with global money transfers....

Theperfectionist Updated 

Fundamentals: Crude Oil has always been the prime choice of traders when it comes to geopolitics : The commodity soared in response to an aggressive drone attack on a Saudi Arabian oil processing facility, whipping 5.7 million barrels of daily crude production or 50% of the kingdom’s oil output.Yemen’s Houthi rebels claimed responsibility for the attack, but the...

Theperfectionist Updated 

Reasons of placing a Buying Trade: - Strong Support market by RSI Oversold Levels and Divergence. - Consolidation. - Sell off Exhaustion with weak bars. - Lower Highs Trend line Broken.

Theperfectionist Updated 

Reasons of going short on NASDAQ (US indices): - Weaker Tech sector (Poor earnings). - Trade war uncertainty. - Lower High displaying bearish pressure. - First Oversold Signal

Theperfectionist Updated 

Reasons of going Long on USOIL: - Weakening DXY due to trade war alleviation. - Increasing production, exportations and reserves. - Increasing volume - Strong support level with oversold and divergent RSI