bitocin
2,780 views
8 Posts
Hot
Latest
Bitcoin 'crazy tight' Bollinger Bands point to $190K
BTC price target
Bitcoin should rise "significantly" as intense volatility prepares to hit, new analysis predicts.
In a post on X on July 19, Julien Bittel, head of macro research at financial advisory publication Global Macro Investor, eyed a BTC price of up to $190,000.
"Compressed" Bollinger Bands ignite talk of 6-figure BTC price
Bitcoin has the fuel to launch to six-figure all-time highs if volatility signals play out like in the past.
According to Bittel, the current "crazy" state of the Bollinger Bands volatility indicator demands that BTC/USD rockets higher.
"Bollinger Bands are crazy tight by historical standards," he summarized.
"Only two other months in history have we seen the weekly Bollinger Bands so compressed: April 2016 and July 2023."
Bollinger Bands form one of the most essential crypto volatility indicators and also offer insight into the strength of price trends.
On weekly timeframes, the gap between the upper and lower band has rarely been narrower. What traditionally comes next has always been good news for bulls.
"During both of the previous episodes, Bitcoin prices rose significantly over the following twelve months, Bittel continued.
"A similar move this time around would target Bitcoin within a range of $140,000 to $190,000."
It is not the first time this bull market that the Bands have pointed to major BTC price upside. As Cointelegraph reported, in late 2023, constriction precluded the run to local highs just before the launch of the United States spot Bitcoin exchange-traded funds (ETFS). $BTC #bitocin #btc
BTC price target
Bitcoin should rise "significantly" as intense volatility prepares to hit, new analysis predicts.
In a post on X on July 19, Julien Bittel, head of macro research at financial advisory publication Global Macro Investor, eyed a BTC price of up to $190,000.
"Compressed" Bollinger Bands ignite talk of 6-figure BTC price
Bitcoin has the fuel to launch to six-figure all-time highs if volatility signals play out like in the past.
According to Bittel, the current "crazy" state of the Bollinger Bands volatility indicator demands that BTC/USD rockets higher.
"Bollinger Bands are crazy tight by historical standards," he summarized.
"Only two other months in history have we seen the weekly Bollinger Bands so compressed: April 2016 and July 2023."
Bollinger Bands form one of the most essential crypto volatility indicators and also offer insight into the strength of price trends.
On weekly timeframes, the gap between the upper and lower band has rarely been narrower. What traditionally comes next has always been good news for bulls.
"During both of the previous episodes, Bitcoin prices rose significantly over the following twelve months, Bittel continued.
"A similar move this time around would target Bitcoin within a range of $140,000 to $190,000."
It is not the first time this bull market that the Bands have pointed to major BTC price upside. As Cointelegraph reported, in late 2023, constriction precluded the run to local highs just before the launch of the United States spot Bitcoin exchange-traded funds (ETFS). $BTC #bitocin #btc
34 Trillion of Debt: How to Save Your Purchasing Power
US National debt has now passed $34 Trillion for the first time in history.The US has added over $1 Trillion of debt the last 3 months alone.Trading Machine AI Experts said that the more debt we have, the less your money becomes worth. You must invest in assets to protect your purchasing power.The U.S. dollar has no inherent value, it's a symbolic representation of value. It's a medium of exchange printed out of thin air, whose value is derived from trusting a government.US Debt over time:2023: $32 Trillion2020: $28 Trillion2010: $14 Trillion2000: $6 Trillion1990: $3 Trillion1980: $908 Billion1970: $371 Billion1960: $286 Billion1950: $257 Billion1940: $43 Billion1930: $16 Billion👍Please like and share this post if you found it helpful⬆️ 💥Want more tips like this? Follow me You’ll love my weekly newsletter, join 50,000 readers.#trending2024 #bots #TradingNews #bitocin #ai
How to get more discipline and control in trading?
It takes 2 min to read this and It will change your life!
Gaining control and discipline in trading is crucial for long-term success.
Many traders enter the market with high hopes, but without discipline, those hopes can quickly turn into losses.
Define when to enter and exit trades based on the kind of trading you are into. What does that mean? If you wanna enter the trade, before entering you have to know where to enter, where is your profit target and where your trade is invalid and you have to put your stop loss. If you don't have these 3 it means you are gambling, not trading! Trade only when you have a proper time dedicated to trading. Take this seriously, as it is an exam or something your life depends on, and I guarantee you will achieve better results! The majority and I mean the majority of people will enter a trade, lose money, put more money, and repeat. But what if you have to feed your family and your kids with this money and profits you make? You would be entering only trades that you are very sure of instead of entering 10-50 trades per day what you usually do cause you would be scared to lose that money. This is exactly what you need to think and put yourself in an imaginable situation where you need to feed your family or your kids, and if you are single put really hard imagination to imagine you have a family.
I spent the majority of time losing trades and transferring more money on a futures account and losing again but look at this now! I told my wife, listen I am trading here, we have an option to watch how am I doing monthly and I want you to check on my every week how was my week with this calendar daily profit/loss and show her transfer history so she can check I did not transfer more money. I am gonna start with this amount, if I lose it don't let me deposit more money until next month. TRUST me! I was so careful not to lose and got discipline and edge with this trick as I have someone who is controlling me and I have to be really careful with my trades now. I don't enter 10 trades or more per day as I was entering before, only setups I really like and respect my strategy and I doing so much better since then. Try this and it's gonna change the way you trade! Hope this helped you learn from my mistakes and experience! Good luck!
#trading #emotions #DisciplinedTrading $ARPA $LUMIA $SOL #bitocin
Gaining control and discipline in trading is crucial for long-term success.
Many traders enter the market with high hopes, but without discipline, those hopes can quickly turn into losses.
Define when to enter and exit trades based on the kind of trading you are into. What does that mean? If you wanna enter the trade, before entering you have to know where to enter, where is your profit target and where your trade is invalid and you have to put your stop loss. If you don't have these 3 it means you are gambling, not trading! Trade only when you have a proper time dedicated to trading. Take this seriously, as it is an exam or something your life depends on, and I guarantee you will achieve better results! The majority and I mean the majority of people will enter a trade, lose money, put more money, and repeat. But what if you have to feed your family and your kids with this money and profits you make? You would be entering only trades that you are very sure of instead of entering 10-50 trades per day what you usually do cause you would be scared to lose that money. This is exactly what you need to think and put yourself in an imaginable situation where you need to feed your family or your kids, and if you are single put really hard imagination to imagine you have a family.
I spent the majority of time losing trades and transferring more money on a futures account and losing again but look at this now! I told my wife, listen I am trading here, we have an option to watch how am I doing monthly and I want you to check on my every week how was my week with this calendar daily profit/loss and show her transfer history so she can check I did not transfer more money. I am gonna start with this amount, if I lose it don't let me deposit more money until next month. TRUST me! I was so careful not to lose and got discipline and edge with this trick as I have someone who is controlling me and I have to be really careful with my trades now. I don't enter 10 trades or more per day as I was entering before, only setups I really like and respect my strategy and I doing so much better since then. Try this and it's gonna change the way you trade! Hope this helped you learn from my mistakes and experience! Good luck!
#trading #emotions #DisciplinedTrading $ARPA $LUMIA $SOL #bitocin