#Bitcoin
After $BTC reached it's ATH in 2017, the correction lasted 21 days. After that, we saw a parabolic rally.
After $BTC reached it's ATH in 2020, the correction lasted 21 days. After that, we saw a parabolic rally.
Same scenario in 2024? My body would be ready.😶🌫️
✅$55k .. S2F is back .. like clockwork!
Now let's break S2F model on the upside🚀
Read the original 2019 article to know what's next:
https://t.co/n5P5uMCKHT
During the last 3 pre-halving years, #Bitcoin fell below its bull market support band in Aug/Sep.
The purpose of this correction is to flush out as many of the scams and cash-grabs prior to the the halving.
No guarantee it happens this time, but certainly a strong possibility
The table below highlights the North American listed #BTC miner operational performance for the first 6 months of 2023.
Having achieved the top spot in 2022, $HIVE has subsequently been replaced in 2023 year to date by $BITF, who have consistently performed well every month.
Only 5% separates the top 6.
A number of #BTC miners have been using energy strategies to determine the best rate of return which will account for some of the lower than average performances.
S2F-model update, based on on latest data and halving cycle average S2F-ratio and BTC price:
- for current halving cycle model still says $54k. BTC is $31k (average)
- for 2016-2020 cycle model predicted $4.4k. BTC was $5.8k
For me the model error is OK and surely doesn't make S2F model "broken" or "invalid", but I guess that's a personal decision. I focus on ~$500k (plus/minus a large error) for next cycle!
We do not need banks
We do not need on/off-ramps
Just start asking #bitcoin for your products & services
Just start using products that can be bought with BTC
Just stop using banks and fiat (USD, EUR etc)
#Bitcoin 2-month stoch RSI just:
- Bottomed at 0
- Bull crossed
- Closed above 3
It’s done that twice before:
- Sep 2015
- Mar 2019
Both times price then went up to and wicked off the 2M supertrend before the next red 2M candle printed.
That currently sits at 56K.
@shakepay@COLDCARDwallet a hot wallet is connected to the internet and could be vulnerable to online attacks, but it is faster and makes it easier to trade or spend crypto. A cold wallet is not connected to the internet, so while it may be less convenient, it is more secure.
Shaketag: merejy
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