A Bitcoin indicator with a 'perfect' history just told you to buy the dip
A $40,000 BTC price provides a classic entry point, the Bitcoin to stablecoin ratio oscillator suggests. MicroStrategy may be as smart as ever “buying the dip” in Bitcoin (BTC) as an indicator with a “perfect” history tells traders to buy.In a tweet on June 15, popular analyst Cole Garner flagged bullish signals for the Bitcoin to stablecoin ratio oscillator.Buy the dip or mind the whale?After MicroStrategy announced plans to raise another $1.5 billion, the proceeds of which could be used entirely to purchase Bitcoin, BTC/USD cemented support at $40,000.The move followed praise from both....
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Bitcoin price has finally closed a weekly candle over $60,000 on Binance for the first time in the asset’s history, marking the highest weekly close ever. However, just as such a moment is realized, a highly accurate top-sniping indicator with a three for three success rate has called the top of the current crypto market cycle. But could picking the top in the powerfully trending cryptocurrency really be easy as Pi? Pi Cycle Top Indicator […]
This week, Bitcoin's 150-day EMA is set to close below its 471-day EMA for only the third time in history. Bitcoin (BTC) could undergo a massive price recovery in the coming months, based on an indicator that marked the 2015 and 2018 bear market bottoms.What's the Bitcoin Pi Cycle bottom indicator? Dubbed "Pi Cycle bottom," the indicator comprises a 471-day simple moving average (SMA) and a 150-period exponential moving average (EMA). Furthermore, the 471-day SMA is multiplied by 0.745; the outcome is pitted against the 150-day EMA to predict the underlying market's bottom.Notably, each....
Commentary by Jacob Donnelly. At least twice a week, I get asked about Bitcoin. More people in my network realize I write about it, so they naturally want to know what it is, how it works and whether it's a Ponzi scheme. I quickly realized that I had rehearsed the perfect answer to every question. At least, I thought it was the perfect answer to every question. Then I read The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order by Paul Vigna and Michael J. Casey. The two are Wall Street Journalwriters, and this is their attempt at explaining the....
The best traders keep a sharp eye on an asset’s momentum. Here’s why the RSI and moving averages are the perfect indicators for this task. Technical analysis, the study of chart patterns, is a tool that helps traders increase their edge over others. This is done by keeping the trader on the right side of the trend and providing warnings when the trend is about to reverse. There are many indicators and patterns that can accomplish this task but there is no one particular indicator that fits the bill for all market conditions.Therefore, traders prefer to use a combination of indicators,....
Reviewing the difficulty changes in Bitcoin’s history demonstrates that the practice of mining is near-perfectly competitive and is becoming increasingly so.