Kri
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How to TRADE a “Pullback”
1. Mark the Highs and Lows
2. Look for a reversal and wait for confirmation
3. Entry when 0.214 Fibonacci Level acts as a Support
4. Stop Loss must be placed below the last low
5. Take Profit above 1.618 Fibonacci Level
#Kri #Tradingtips
1. Mark the Highs and Lows
2. Look for a reversal and wait for confirmation
3. Entry when 0.214 Fibonacci Level acts as a Support
4. Stop Loss must be placed below the last low
5. Take Profit above 1.618 Fibonacci Level
#Kri #Tradingtips
Here’s when Bitcoin will reach $300,000, according to analyst
Bitcoin (BTC) is once again showing a strong rebound, successfully establishing its price above the crucial $60,000 support zone.
Amid short-term bullish sentiments, a crypto analyst believes that the asset’s historical price trajectory could prepare Bitcoin to hit $300,000.
In line with this, pseudonymous analyst apsk32 noted in an X post on July 1 that a unique metric based on the power law could drive Bitcoin to a new all-time high.
The expert pointed out that Bitcoin’s price has adhered to a power law for over a decade. This adherence suggests a fundamental growth process in the Bitcoin network, something not typically seen in traditional financial markets.
According to apsk32, the power law support represents the network’s intrinsic value—the value when all hope and hype have dissipated. To assess the current price relative to this inherent value, apsk32 leveraged time as a metric.
Indeed, between 2014 and 2024, Bitcoin has exhibited a clear pattern of adherence to the power law. During the 2017 and 2021 bull cycles, Bitcoin’s price was five years ahead of the support line.
Apsk32 suggested that by the end of 2025, if the four-year cyclic pattern of bull markets continues, Bitcoin could be five years ahead of the support line, translating to a price of $300,000.
“The 4-year cyclic pattern of the bull markets point to a peak in late 2025. By the end of 2025, being 5-years ahead of the support line is equivalent to a bitcoin price of $300,000,” the analyst said.
Has Bitcoin bottomed?
If the prediction comes to fruition, Bitcoin’s short-term price movements remain crucial to watch. Attention is on whether BTC has bottomed. Notably, crypto trading expert Michaël van de Poppe suggested that Bitcoin could be in line for more gains after hitting a higher low and finding support at $60,000.
“It made a higher low, found support at $60,000, and continued the momentum upwards. I think we’ve bottomed out,” Poppe said.
Bitcoin price analysis chart. Source: TradingView
In the meantime, with Bitcoin having opened the month on a positive note, investors will be hoping the asset emulates the historical trajectory for July.
In particular, data shared by crypto analysis platform Coinglass shows that Bitcoin has historically averaged a slump of 0.35% in June. However, the maiden crypto has recorded minimum monthly gains of 8% for seven last July 11 trading periods.
Bitcoin monthly return. Source: Coinglass
Bitcoin price analysis
In the near term, Bitcoin shows signs of resurgence after briefly claiming the $63,000 mark in the last 24 hours. By press time, BTC was trading at $62,770, having rallied over 2% in 24 hours. The value reflects a gain of almost 5.5% from the weekly low of $59,500.
Bitcoin seven-day price chart. Source: Finbold
Attention now shifts to Bitcoin reclaiming the $63,000 resistance, which will open the door to claiming $65,000.
#BTC #BITCOIN #Kri $BTC
Amid short-term bullish sentiments, a crypto analyst believes that the asset’s historical price trajectory could prepare Bitcoin to hit $300,000.
In line with this, pseudonymous analyst apsk32 noted in an X post on July 1 that a unique metric based on the power law could drive Bitcoin to a new all-time high.
The expert pointed out that Bitcoin’s price has adhered to a power law for over a decade. This adherence suggests a fundamental growth process in the Bitcoin network, something not typically seen in traditional financial markets.
According to apsk32, the power law support represents the network’s intrinsic value—the value when all hope and hype have dissipated. To assess the current price relative to this inherent value, apsk32 leveraged time as a metric.
Indeed, between 2014 and 2024, Bitcoin has exhibited a clear pattern of adherence to the power law. During the 2017 and 2021 bull cycles, Bitcoin’s price was five years ahead of the support line.
Apsk32 suggested that by the end of 2025, if the four-year cyclic pattern of bull markets continues, Bitcoin could be five years ahead of the support line, translating to a price of $300,000.
“The 4-year cyclic pattern of the bull markets point to a peak in late 2025. By the end of 2025, being 5-years ahead of the support line is equivalent to a bitcoin price of $300,000,” the analyst said.
Has Bitcoin bottomed?
If the prediction comes to fruition, Bitcoin’s short-term price movements remain crucial to watch. Attention is on whether BTC has bottomed. Notably, crypto trading expert Michaël van de Poppe suggested that Bitcoin could be in line for more gains after hitting a higher low and finding support at $60,000.
“It made a higher low, found support at $60,000, and continued the momentum upwards. I think we’ve bottomed out,” Poppe said.
Bitcoin price analysis chart. Source: TradingView
In the meantime, with Bitcoin having opened the month on a positive note, investors will be hoping the asset emulates the historical trajectory for July.
In particular, data shared by crypto analysis platform Coinglass shows that Bitcoin has historically averaged a slump of 0.35% in June. However, the maiden crypto has recorded minimum monthly gains of 8% for seven last July 11 trading periods.
Bitcoin monthly return. Source: Coinglass
Bitcoin price analysis
In the near term, Bitcoin shows signs of resurgence after briefly claiming the $63,000 mark in the last 24 hours. By press time, BTC was trading at $62,770, having rallied over 2% in 24 hours. The value reflects a gain of almost 5.5% from the weekly low of $59,500.
Bitcoin seven-day price chart. Source: Finbold
Attention now shifts to Bitcoin reclaiming the $63,000 resistance, which will open the door to claiming $65,000.
#BTC #BITCOIN #Kri $BTC
Everyone you know will adopt #Bitcoin ,
1. Bears / Critics will panic and buy.
2. Citizens will use it to escape fiat chaos.
3. Central banks will buy it.
4. CBDCs will fail.
5. More Countries will adopt it.
Patience is often the most challenging aspect.
Our leaders need to study #BTC ,
the next bull run will be huge,
Everything that I read literally points to the inevitability of Bitcoin.
Are you ready for the flood?
#Kri $BTC
1. Bears / Critics will panic and buy.
2. Citizens will use it to escape fiat chaos.
3. Central banks will buy it.
4. CBDCs will fail.
5. More Countries will adopt it.
Patience is often the most challenging aspect.
Our leaders need to study #BTC ,
the next bull run will be huge,
Everything that I read literally points to the inevitability of Bitcoin.
Are you ready for the flood?
#Kri $BTC
In #Bitcoin , as in life, the foundation matters most for stability.
Physics is law,
Everything else is theory.
Anyone can break laws created by people, but I have yet to see anyone break the laws of physics.
While the connection between physics and #Bitcoin may not be immediately apparent,
There are essential principles from the world of physics that underlie the technology that powers this revolutionary monetary system.
By exploring the first principles of both physics and #Bitcoin ,
We can gain a deeper understanding of their intersection and the broader implications of their convergence.
Intersection of physics and #Bitcoin reveals an intricate relationship between the fundamental principles governing our universe and the innovative technology powering the world's first decentralized digital money.
The laws of thermodynamics, quantum mechanics, and information theory all contribute to the robustness, security, and efficiency of the #Bitcoin network.
#BTC $BTC #Kri
Physics is law,
Everything else is theory.
Anyone can break laws created by people, but I have yet to see anyone break the laws of physics.
While the connection between physics and #Bitcoin may not be immediately apparent,
There are essential principles from the world of physics that underlie the technology that powers this revolutionary monetary system.
By exploring the first principles of both physics and #Bitcoin ,
We can gain a deeper understanding of their intersection and the broader implications of their convergence.
Intersection of physics and #Bitcoin reveals an intricate relationship between the fundamental principles governing our universe and the innovative technology powering the world's first decentralized digital money.
The laws of thermodynamics, quantum mechanics, and information theory all contribute to the robustness, security, and efficiency of the #Bitcoin network.
#BTC $BTC #Kri
Permabears are sidelined!
They will remain sidelined,
In an asset like #Bitcoin ,
You cannot afford to be a permabear;
Gradually, then suddenly,
They will have to face reality or become like every other salty hater who would have been better off buying #BTC than being a permabear since inception.
In the long term, as I always say,
Never bet against #Bitcoin and never bet against technological advancements.
$BTC #Kri
They will remain sidelined,
In an asset like #Bitcoin ,
You cannot afford to be a permabear;
Gradually, then suddenly,
They will have to face reality or become like every other salty hater who would have been better off buying #BTC than being a permabear since inception.
In the long term, as I always say,
Never bet against #Bitcoin and never bet against technological advancements.
$BTC #Kri
#Bitcoin is a pension that actually works.
Humans have never built a stronger, more secure computing network.
If you are here now, and you are saving in #bitcoin , you are set;
Continue the path.
Sometimes it will be difficult, but it will pay off.
The army of plebs will have more purchasing power than some of the billionaires that exist in 2023.
(This will take a couple of decades)
There are 5.3 billion people on Earth with access to the internet.
Let's say 1 million coins are lost.
For each person, there are 0.0038 Bitcoins.
It's truly incredible.
#BTC is the first money that don’t need a military army to protect itself.
$BTC #Kri
Humans have never built a stronger, more secure computing network.
If you are here now, and you are saving in #bitcoin , you are set;
Continue the path.
Sometimes it will be difficult, but it will pay off.
The army of plebs will have more purchasing power than some of the billionaires that exist in 2023.
(This will take a couple of decades)
There are 5.3 billion people on Earth with access to the internet.
Let's say 1 million coins are lost.
For each person, there are 0.0038 Bitcoins.
It's truly incredible.
#BTC is the first money that don’t need a military army to protect itself.
$BTC #Kri
Long-term investors are buying up Litecoin
On August 2, 2023, Litecoin experienced its third halving on the Litecoin network, after which the asset's price plummeted 46%.
However, onchain metrics hint that LTC has reached a tipping point.
Long-term holders started buying unusually large volumes of Litecoin around October 5.
The chart below shows that between October 13 and October 17, they were replenishing their balances by at least 400 thousand coins every day. On October 15, Holder's Net-In purchased 413,949 LTC, which was the highest since June 2021.
Holder's Net-Inflow metric estimates the daily increase in the number of coins in the wallets of investors who have held the asset for at least one year.
An increase in the metric tends to indicate growing confidence in the long-term price prospects of the asset.
To confirm this hypothesis, we can cite the fact that in the last three cases, a sharp jump in Holder's Net-Inflow led to an increase in Litecoin's price by at least 25%.
#litecoin #Kri $LTC
On August 2, 2023, Litecoin experienced its third halving on the Litecoin network, after which the asset's price plummeted 46%.
However, onchain metrics hint that LTC has reached a tipping point.
Long-term holders started buying unusually large volumes of Litecoin around October 5.
The chart below shows that between October 13 and October 17, they were replenishing their balances by at least 400 thousand coins every day. On October 15, Holder's Net-In purchased 413,949 LTC, which was the highest since June 2021.
Holder's Net-Inflow metric estimates the daily increase in the number of coins in the wallets of investors who have held the asset for at least one year.
An increase in the metric tends to indicate growing confidence in the long-term price prospects of the asset.
To confirm this hypothesis, we can cite the fact that in the last three cases, a sharp jump in Holder's Net-Inflow led to an increase in Litecoin's price by at least 25%.
#litecoin #Kri $LTC
This is you and me, as plebs, in the middle of acquiring #Bitcoin ,
Competing with every gigantic institution around,
Remain focused.
The SEC has no valid arguments to deny a Spot #Bitcoin ETF.
They will be forced to accept it.
If Fidelity, BlackRock, and ten other ETF issuers all agree that #BTC is an asset class,
The size should potentially be 100 to 1000 times larger than it currently is.
All are the catalyst for the bull market.
$BTC #Kri
Competing with every gigantic institution around,
Remain focused.
The SEC has no valid arguments to deny a Spot #Bitcoin ETF.
They will be forced to accept it.
If Fidelity, BlackRock, and ten other ETF issuers all agree that #BTC is an asset class,
The size should potentially be 100 to 1000 times larger than it currently is.
All are the catalyst for the bull market.
$BTC #Kri
Stop letting people in "power" control your every move,
Study #Bitcoin ,
People need understand why CBDCs are problematic.
If you fall out of favor with the government,
which seems increasingly likely nowadays,
your funds can disappear instantly.
The state mishandled your finances.
The state mismanaged your energy sector.
The state jeopardized your food supply.
The state compromised your education.
The state undermined your healthcare.
It's time to reconsider your allegiance to such a failing system.
Time is the most important concept to grasp.
Yet, some still fail to grasp this,
Time is our scarcest resource.
Time is the canvas on which life is painted.
Time is the currency of experience.
Time is the ultimate judge of our actions and choices.
Stop wasting it.
#BTC #Kri $BTC
Study #Bitcoin ,
People need understand why CBDCs are problematic.
If you fall out of favor with the government,
which seems increasingly likely nowadays,
your funds can disappear instantly.
The state mishandled your finances.
The state mismanaged your energy sector.
The state jeopardized your food supply.
The state compromised your education.
The state undermined your healthcare.
It's time to reconsider your allegiance to such a failing system.
Time is the most important concept to grasp.
Yet, some still fail to grasp this,
Time is our scarcest resource.
Time is the canvas on which life is painted.
Time is the currency of experience.
Time is the ultimate judge of our actions and choices.
Stop wasting it.
#BTC #Kri $BTC
We must also ask ourselves if we are willing to take the necessary steps to ensure that #Bitcoin can still serve as a form of
1. Money.
2. Asset.
3. Store of wealth.
4. Exchanger of goods.
Even if every major power system attacks it simultaneously.
The answer to these questions will determine the future of #Bitcoin , and our own fate.
1. #Bitcoin is the ultimate monetary system.
2. The internet and digital property will outlive any government.
3. Bitcoin universally protects your most valuable asset: time.
4. Bears have no chance.
opt out.
#BTC $BTC #Kri
1. Money.
2. Asset.
3. Store of wealth.
4. Exchanger of goods.
Even if every major power system attacks it simultaneously.
The answer to these questions will determine the future of #Bitcoin , and our own fate.
1. #Bitcoin is the ultimate monetary system.
2. The internet and digital property will outlive any government.
3. Bitcoin universally protects your most valuable asset: time.
4. Bears have no chance.
opt out.
#BTC $BTC #Kri
Over $100 Million gone in 5 minutes. This is why you don't play with leverage
In case you're somehow out of the crypto loop(yet on this sub) or just stumbled into our crypto sphere, Bitcoin's price has recently been on a tear. Even earlier today the price was still doing very well. And all of a sudden either a huge whale or a group of buyers just happened to make some sizeable purchases that had the price spike to $34,000. Granted, the price has cooled off a bit now but not before leaving a huge trail of blood and gore.
In just the space of 5 minutes(per Coinglass), we see $120M in rekt traders' money disappear. This of course meaning that traders who were using leverage to trade were liquidated as the price went too high(and too low as well in some cases). Most of these liquidated traders were shorts where traders who shorted expecting the price to fall were forced to buy back at a very high price and close their trade when it instead rose leaving them with huge losses.
As we see per Coinglass in just 5 minutes the 120 Million disappeared due to shorts and 10 Million disappeared due to long liquidations.The long liquidations were likely ironically those who used leverage expecting the price to go even higher but it cooled off and fell instead.
This is also a good reminder to make sure you place stop losses in case the price spikes up or down so you limit your losses in the worst case.
#trading #Kri #BTC
In just the space of 5 minutes(per Coinglass), we see $120M in rekt traders' money disappear. This of course meaning that traders who were using leverage to trade were liquidated as the price went too high(and too low as well in some cases). Most of these liquidated traders were shorts where traders who shorted expecting the price to fall were forced to buy back at a very high price and close their trade when it instead rose leaving them with huge losses.
As we see per Coinglass in just 5 minutes the 120 Million disappeared due to shorts and 10 Million disappeared due to long liquidations.The long liquidations were likely ironically those who used leverage expecting the price to go even higher but it cooled off and fell instead.
This is also a good reminder to make sure you place stop losses in case the price spikes up or down so you limit your losses in the worst case.
#trading #Kri #BTC
Do the math. Study the math.🤯
Most people understand the concept of "money" for the first time when they grasp the idea of #Bitcoin .
A gift to humanity that truly can't be replicated, debased, or stopped.
This is about to get Insane! (#BTC )
What % do you think will enter the first year since ETF are up and running?🤔
What price?
Institutions are coming to #Bitcoin
To those who think it's impossible,
Watch, don't interrupt 🧡
Remember to store your BTC in cold storage 🧊
$BTC #Kri
Most people understand the concept of "money" for the first time when they grasp the idea of #Bitcoin .
A gift to humanity that truly can't be replicated, debased, or stopped.
This is about to get Insane! (#BTC )
What % do you think will enter the first year since ETF are up and running?🤔
What price?
Institutions are coming to #Bitcoin
To those who think it's impossible,
Watch, don't interrupt 🧡
Remember to store your BTC in cold storage 🧊
$BTC #Kri
