Huge buy signal, Bitcoin & Crypto

zerohedge

zerohedge

Although I trade stocks & options, as many here,

from time to time I take a look at the crypto market, as it is subject to big bull/bear cycles.


One major indicator in the BTC/crypto market is the BTC miner revenue.

At the very moment, you can conclude that this indicator bottomed.


From here on, miner revenue will (most likely) rise again.

As it is with every cycle, BTC price rises from here on as well.

There is much discussion on where is the right price level to get in
($66k is already a high plateau).

Still, it won't surprise me if this, in hindsight, will become the new big support level.


Trade well.
 
zerohedge said:
Although I trade stocks & options, as many here,

from time to time I take a look at the crypto market, as it is subject to big bull/bear cycles.


One major indicator in the BTC/crypto market is the BTC miner revenue.

At the very moment, you can conclude that this indicator bottomed.


From here on, miner revenue will (most likely) rise again.

As it is with every cycle, BTC price rises from here on as well.

There is much discussion on where is the right price level to get in
($66k is already a high plateau).

Still, it won't surprise me if this, in hindsight, will become the new big support level.


Trade well.
More...

You are late by many weeks/months

Trade well.
 
zerohedge said:
LoL,
Thanks.

I talk about a major signal;
I am invested in BTC in a fundamental way.
More...


I always check when the trend starts before I pull the trigger.
And if I am late to enter a trade, I might enter the trade with a small quantity,
or not enter the trade at all.


Trade well.
 
maxinger said:
I always check when the trend starts before I pull the trigger.
And if I am late to enter a trade, I might enter the trade with a small quantity,
or not enter the trade at all.


Trade well.
More...
Sounds reasonable.

Atm, it's definitely not advisable to take a swing position,
just something for scalpers and very short term / news traders.

If I'd be interested in getting in / add to my position,
I'd place a pending order slightly above all-time high, which is $73k.

If price accumulates enough and raises up, it might go threw the resistance and go on from there.

Fake outs happen as well, but $73k is a strong barrier, which could initiate a good bull run.
I don't think that breaking that resistance would end up in a sell off...


Other than that, the range is persistent for now.
 
zerohedge said:
LoL,
Thanks.

I talk about a major signal;
I am invested in BTC in a fundamental way.
More...
Can I ask what fundamentals?
Miners profits should drop with the halving, you get paid 1/2 of what you were paid to solve the problem. Cost of hardware and electricity is influenced by inflation.
No earnings , no cash flow, price moves on emotion. (fear & greed)
Not saying you can't make money trading it but it's hard to calculate a fair value.
 
deaddog said:
Can I ask what fundamentals?
Miners profits should drop with the halving, you get paid 1/2 of what you were paid to solve the problem. Cost of hardware and electricity is influenced by inflation.
No earnings , no cash flow, price moves on emotion. (fear & greed)
Not saying you can't make money trading it but it's hard to calculate a fair value.
More...
This coincidence happens after each halving:
First the miner revenue bottoms, gets up again & shortly after the next bull run occurs.

It's just a historical coincidence, nothing more.

So, statistically I would get bullish during the next 2 months sometime.


But yes, overall miners earn less, and rely more on the BTC/dollar price.
 
zerohedge said:
This coincidence happens after each halving:
First the miner revenue bottoms, gets up again & shortly after the next bull run occurs.

It's just a historical coincidence, nothing more.

So, statistically I would get bullish during the next 2 months sometime.


But yes, overall miners earn less, and rely more on the BTC/dollar price.
More...

Your site is sht.
 
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