Bitcoin Bull Market Support Band Update

Bitcoin Bull Market Support Band Update




Time for an update on our Bitcoin bull market support band, considering that we have a new weekly close for Bitcoin. This bull market support band is essentially …

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About the Author: Benjamin Cowen

30 Comments

  1. thanks for your insights my only criticism is you need to invest in some artwork for your walls. your backdrop doesn't do it for me and therefore, you need it.

  2. Why does no one talk about the 9 period moving average on the monthky chart? Can we please implement the 3 6 9 pronciple and make tesla proud??

    Look what happens on the monthly chart with the 9 period moving average…we might be confirming it as resistance and are about to plunge…lets see what happens but that average is very important when looking at past cycles…..

  3. << Stablecoins have been integral to the crypto-industry for the past two bull cycles, with their role in injecting liquidity. Stablecoins’ utility is evident in other aspects of the industry too, with DeFi sharing an interoperable relationship with stable assets. However, the role of these stablecoins changed over the past few months. One major bullish narrative associated with stablecoins is the amount of reserve held on exchanges during a bear market. A common belief is that investors refusing to cash out during a market fallout is a sign of their patience. However, there is a key change taking place with respect to USDT based on Ethereum. Now, during bear markets, stablecoin reserves sit on exchanges and do not incur any value. Just as Ethereum remains the base collateral for all these DeFi assets the one thing to be noted about the current stablecoin flow into DeFi assets is that the ball continues to roll in favor of consistent profitability during a bearish market. As lnvestors looking for ways of being profit able even in a bear market is a necessity and in my opinion, the most consistent way of being profitable is through trαding and there are tons of services to aid profitable trαding these days. I trαde daily with trαde signals from Mr Eric John Clark and I have been able to increase my port folio of 1.7 btc to over 7. Mr Eric’s Teliqram (@ericclark01) is a pro trαder who provides trαde signal services and also has a lot of free trαde courses on the internet to help you get started in your trαdes. I can attest to the accuracy of her signals and would recommend it to anyone in the community today.

  4. Would be funny if a "Sell the News" ETH dump after Aug 4th triggers a BTC drop to 37 or 35k. Might be bullish for it to drop to 35k and then bounce back up. Sadly my crystal ball is still in the shop.

  5. I screamed my lungs out the first day my investment yielded results and I withdrew it successfully, partly out of disappointment and partly out of excitement. Disappointed because I could have invested more and I didn't, and excitement because I never expected it to be real! Bitcoinsamurai are one of the good ones!

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