#2
2016 Halving was in July 2016. Btc consolidated for the next 4 months till Nov 2016 (USA Elections Month) between 600-700$ and then made the final breakout. Remained in bull run for next 14 months and returned 4044% yield (40x move from August 2016 move)
So, Btc topped 526 Days after the Second Halving with 4400% Returns
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Guys I'm gonna post an interesting thread today. Currently preparing it. Stay tuned. Will be posting today
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I think August 5 was indeed historical & we have likely formed a bottom. Worst case seems like a retest of 54-56k levels & that too is worst case imo
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💰 Binance URL has been Unblocked in India. 🇮🇳
App Still unavailable on iOS & Android Stores.
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Binance Will Delist CVP, EPX, FOR, LOOM, REEF, VGX on 2024-08-19
https://www.binance.com/en/support/announcement/e2fcd2c945654c8d832395335429403e
Liquidity will come to good projects. Binance is slowly getting rid of all old non functional projects
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Vibes of 12.03.2020 COVID Dump. Global markets bleeding. Japan index sinks over 10% , worst crash since 1987. Warren Buffett is majorly in cash. And Bitcoin dump is just not stopping 💔
EXTREME FEAR
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📊Bitcoin Chart Update 📊
Bitcoin chose the second scenario, broke 64 support & now tested 60k Penultimate support & psychological levels. I'm certain that the second scenario will play out perfectly.
Our Avg Long entry - 62.7k. Targets remains same
Targets - 66k/ 68k/70k/ 73k/84k
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Good morning Guys. A new month. A new beginning. Trading ideas, possible paths and setups will Start flowing in this channel today onwards. Sorry for the dry July month.
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Germany's government is out of Bitcoin to sell. Now they have sold out almost all bitcoins.
By the years 2026-2028, Germany full stack dumping their seized BTC may go down as one of the biggest strategic Debacle in history
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Binance Will Delist BOND, DOCK, MDX, POLS on 2024-07-22
https://www.binance.com/en/support/announcement/4ffb7170f2f84ce3a06cc0cf1a788c23
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Someone bought the #Bitcoin dip! Over 20,200 $BTC, worth $1.23 billion, were sent to accumulation addresses 🚀
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📊 #Bitcoin Under Pressure!
- Mt. Gox to distribute 143K BTC in July.
- Miners sold $1.8B in June.
- Bitcoin ETFs faced $1B outflows since June 15.
- German government sold $200M BTC.
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This correction is news-driven and a typical ‘ Sell the Rumour, Buy the News’ type of correction.
Big news came out. The SEC suspends their investigation into Ethereum.
Altcoins are bouncing back upwards, and I expect we’re close to the bottom.
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BITCOIN SPOT ETFS SAW $100.9M IN NET INFLOWS ON JUNE 12.
There has been significant buying activity for the past month, including yesterday. They're accumulating without driving the price up. A big move is gonna happen after capitulating everyone. It's around the corner. Just a matter of a few days or weeks
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#1
First Bitcoin Halving was in Nov 2012, same month of USA Election. That time btc was trading around 10$. It pumped 130x in the next 12 months and made the local top $1163 in Nov 2013.
Btc topped 367 Days after the First Halving with 13000% Returns
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📊Bitcoin Chart Update 📊
Very formidable Price Action on BTC. Either it will grab liquidity below weekly open 58.7k and pump
Or it shall fill the 55k Fair Value Gap and make DB & pump.
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When sentiments will change many people are gonna regret not buying enough coins at the bottom
Not all your coins are gonna do 10X or 100X you will have some winners n losers, knowing this fact is gonna help to take profits along the way n rotate your bets n profits.
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🇷🇺 Russia just legalized crypto mining and gave the green light for using crypto in global payments.
Bullish 🚀
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Will 05.08.2024 be remembered as a historical day in crypto when climax happened and crypto Market bottomed out
Yes ❤️
No, we going 44k 💔
Share your views
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Bitcoin spot order books appear to be more balanced than they were before the weekend.
Many of the major coins have bids stacked just below the current price as well.
Traders feel safer bidding now. Adjusting stoploss a little lower at daily close below 58k.
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📊Bitcoin Chart Update 📊
It's been 3 & half months already since the Bitcoin Halving & as expected Bitcoin remained in the chopped zone mostly between 60k-72k with increased dominance killing all the momentum of Altcoins. If btc follows the pattern it did during the last two halvings, we could be on the verge of watching Bitcoin impulsive move in next 3-4 months.
Technically, Bitcoin is looking solid here with entire timeline becoming bearish at 64k support in confluence with August Open & EMA50 Daily. Moreover volume during last 4 red candles is relatively very low signifying Bullish Price Action.
Two Scenarios
1. Steadily move towards 73k from here
2. Tap 60k support & then hit 73k
I'm more in favour of Scenario 1. Took a Bitcoin long here at 64.4k & will double down if get chance to enter around 61k with invalidation daily close below 60k
Targets - 66k/ 68k/70k/ 73k/84k
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Do you guys think this Meme Index is relevant anymore.
Anyway, I'll be back posting charts and updates Today onwards. The market was in such a bad/dry state so didn't feel like posting much in crypto Summer. Waiting for btc to reclaim MA/EMA 200 in daily before posting some potential setups
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#AEVO
Bought a decent size of #Aevo. If btc has actually made bottom last night, AEVO is my first bet to go in big. I got a lot of questions regarding it when binance labs announced investing in AEVO. It was trading around $1 back then & dropped 55% since. I was waiting for 0.4-0.5$ range for this one and it provided me the same thanks to dump on Btc.
Buy zone - $0.4 ~ $0.5 (Current Price)
Short Targets - 0.55/ 0.60/ 0.70
Mid term Targey 0.90/ 1.20/ 1.50
Hodl Target - $10
Invalidation - Daily close below $0.40
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📊 Bitcoin Chart Update 📊
Unexpectedly Btc broke 64k amid some bad news. Fell below Oct 2021 monthly close & May 2024 Open. Expecting this ascending Trendine originating from dec 2023 to hold the price and we shall not close daily below 60.6k (May Open). Else market will retest MA200/EMA200 Confluence around 57-57.5k.
Re-Longed some Btc with stoploss Daily close below 56k. Wish me luck. I am Personally Adding my last bit of Capital at these Levels.
If I fail, I fail in Public.
#NFA
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#Eth vs #Sol
Tbh, I never really liked the Sol. That's why I always refrained from posting Solana plays.
* Sol ecosystem is purely gamble made for Punters. Sol Nonsense memes killed all the credibility & integrity of crypto & made the outside world think like crypto is nothing but a scam.
* Furthermore it took all the liquidity from legitimate Altcoins with actual use case, most of the coins dropped more than 50%
* Now it's clearly visible from the above two charts that liquidity is flowing back into the heart of crypto (Eth). Expect Altcoins to run from here. Q3 should belong to Bitcoin Fundamentally strong Altcoins
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📊Bitcoin Update 📊
Volume not confirming downtrend in Daily. Again daily had low volume breaking down from support. Hence the downtrend is not valid neither is the loss of support. Expecting a big bounce here soon. We'll likely make inverse head - shoulders i& bounce towards 80k.
A lot of the Bears will disappear in the next few days and everyone will start Bull Posting in a few hours.
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Undoubtedly All the Bears waiting/wishing for 52k/ 40k will soon regret it.
But lets not be mean to them. They are already losing their money shorting or will miss a hell lot of money for not buying when it was time. Being Bankrupt is enough Punishment for them.
HODL & Enjoy the ride 📈📈
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