BTC - Bitcoin is likely about to get fun again!
The most lucrative trading signal in Bitcoin's history just flipped to "Buy"
Bitcoin has reached a point that historically can be referred to as the point of maximum opportunity.
The point in time where you will sit in bitcoin, be down the least amount of the time you hold it, and be in it the least amount of time before it reaches new highs.
Sounds confusing I know, but you'll get what I mean in a minute here...
A trading signal just triggered on Bitcoin that has only triggered 10 times in Bitcoin's history, and on average, the resulting gain has yielded roughly 5,000% gains:
(Source: https://twitter.com/caprioleio/status/1210713524693024768)
Sounds pretty good right?
Hash Ribbons indicate a large rally may be right around the corner
A trading indicator known as "hash ribbons" has signaled buy on bitcoin for only the 10th time in bitcoin's history.
The tool is based on miners and when they are dumping and when they are holding.
Historically that has been a very good judge of when bitcoin is about to move:
(Source: https://www.newsbtc.com/2019/12/28/the-most-lucrative-signal-in-bitcoin-history-just-flipped-buy/)
And right now it is saying, buy buy buy!
About to get fun again?
For those of you that have been holding all the way down from the peak in late 2017, it hasn't been much fun for the last 2 years.
However, there are a lot of things lining up that may indicate that is about to change.
If history repeats again we are about to start a 2 year period of overall bullish price action.
And for those of you not holding any bitcoin, but instead altcoins, hopefully this bullish activity helps pull the entire crypto market out of the doldrums as well!
Stay informed my friends.
-Doc
Best news ever, I like this!!
!COFFEEA
!shop
$trdo
Very interesting analysis. I wonder if this will have similar impact as 2017 where most everything was lifted or will this be BTC exclusively?
Thanks. Yea that is the million dollar question...
I wish I knew.
My guess is that once bitcoin gets "high enough" it will start to lift everything else up again as new money will chase the next bitcoin and money made in bitcoin will start to diversify out into some of the altcoins.
Sort of how we saw bitcoin peak in late 2017 and then alts took off in the weeks that followed...
Bitcoin first, then the altcoins.
The only question will be what level is "high enough" for that phenomenon to start to happen?
Nobody knows, and the best is to HODL if you believe this indicator will materialize.
This is my general sense. That bitcoin will have a great up trend until the halving in about 4(or 5) months..
As for the altcoins, we can't deny that bitcoin has a great impact to every single crypto and dictates the most trends of those..
Let's be ready though..
Happy new year
Sometimes it pulls value from altcoins, other times it pulls em up with it. Hopefully it's mostly the latter over the next 2 years.
Wow @jrcornel Excellent your analysis.
However everyone in the crypto world is waiting for that push, I am one of those who think that the BTC is the main one of it depends on the rebound of any other crypto,
I repeat is just my opinion.
So if you repeat what happened in 2017 many others will follow you behind and among those is our STEEM.
Regards
@Lanzjoseg
Yep, that's the hope!
Dear @jrcornel
Would you mind if I take few minutes of your time?
Together with few core members of project.hope team - we'te trying to promote our recent publication: an article explaining economy behind our non-profit community project build on STEEM blockchain.
Perhaps I could ask you to spare few minutes and check it out and share your feedback with me.
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Link: https://steemit.com/hive-175254/@project.hope/3-ways-of-joining-our-efforts-project-hope-economy-explained
ps.2.
HAPPY NEW YEAR :) Hopefully 2020 won't be as scary as many expert are predicting.
Cheers,
@crypto.piotr