CRYPTOHELL

JUST IN: 1,000 blocks remain until Bitcoin halving. @WatcherGuru

The Bitcoin Hong Kong ETF is set to be approved next Monday, the potential looks pretty good for boosting Bitcoin purchase volume. — Bitcoin Hongkong ETF rencananya akan di approve pada Senin mendatang, potensinya cukup bagus untuk mendongkrak volume pembelian Bitcoin. Source

Maybe you guys have some price references for accumulating $RNDR, if based on the current trendline it's undergoing testing. I can't read $RNDR charts right now, so what's a good buying price since it's already at the top price? — Mungkin temen-temen punya referensi harga untuk akumulasi $RNDR, kalo berdasarkan trendline saat ini sedang testing. Gua lagi gabisa baca chart $RNDR harus beli di harga berapa karena udah di harga atas.

VENOM isn't too volatile. I'm still keeping an eye on the 0.786 - 0.886 ratio as the support level. But I've also set limit orders at the 1.13 - 1.272; 1.414 - 1.618 ratios. — VENOM gak terlalu volatile, gua masih merhatiin rasio 0.786 -0.886 sebagai level support. Tapi juga udah set limit order di rasio 1.13 - 1.272 ; 1.414 - 1.618.

$NEAR, Watch out for both ratios 1.618, I'm going to use the EMA200 daily timeframe as the support level. I'm planning to buy and make Near part of my portfolio. — Perhatikan kedua rasio 1.618, gua akan jadikan EMA200 daily timeframe sebagai support level. Gua mau beli jadiin Near sebagai portofolio.

$IOTA. Keep an eye on the ratios 0.786 - 0.886; 1.272 - 1.414 in the price range of $0.2443 - $0.222 as support levels. The green box can be used as a reference for order blocks, so the accumulation range is up to $0.205. — Perhatikan rasio 0.786 - 0.886 ; 1.272 - 1.414 pada kisaran harga $0.2443 - $0.222 sebagai support level. Kotak hijau boleh dijadikan referensi order block, jadi range akumulasi sampai dengan harga $0.205

$XRP hasn't shown its performance yet, but it's still consolidating close to its major trend support level. Accumulating XRP now is okay, the CBDC narrative by the end of the year might boost the price of many cross-border payment tokens like XRP. — XRP sama sekali belum pamer performanya, tapi masih terus terkonsolidasi dekat dari level support major trend-nya. Akumulasi XRP sekarang juga boleh, narasi CBDC di akhir tahun kemungkinannya akan mendongkrak harga banyak token cross-border payment seperti XRP.

The white-colored metric is Stock-to-flow, and twice already when the price touched or stayed at that level, corrections happened. So, pay attention to the support area as our buying and hodling zone. — Metric berwarna putih adalah Stock-to-flow, sudah 2 kali disaat harga menyentuh atau berada di level tersebut patut terjadi koreksi. Maka perhatikan area support sebagai area beli dan menabung kita.

Personally, I'm still focused on the EMA50 daily timeframe as the support level, hoping there's liquidity there. But it seems like there's not much action around $65k - $64k. — Gua pribadi masih fokus pada EMA50 daily timeframe sebagai level support, gua harap ada likuiditas disana. Tapi keliatannya sih sepi pengunjung di harga $65k - $64k

Hey, check this out, the US government is selling a bunch of Bitcoin from the Silk Road case again. So, friends, you should pay attention to the support ratios 1.13 - 1.272; 1.414 - 1.618 in the price range of $59,200 - $53,350. — Tolong diperhatikan, pemerintah AS lagi banyak jual Bitcoin dari kasus Silk Road. Jadi temen-temen patut perhatikan support rasio 1.13 - 1.272 ; 1.414 - 1.618 pada kisaran harga $59.200 - $53.350

https://twitter.com/Giovann35084111 For your references

Basically, theories about Bitcoin reaching $100,000 or more sooner or later have been widely introduced, one of them being Plan B, which was trending with its Stock-to-Flow model last year in 2021. — Pada dasarnya teori-teori Bitcoin cepat atau lambat bisa menyentuh $100.00 atau lebih itu banyak diperkenalkan, salah satunya Plan B yang trending dengan Stock-to-flow nya pada tahun 2021 kemarin.

Using this chart, two conclusions (or perhaps, assumptions) are made. 1. The price will reach $100,000 per bitcoin no earlier than 2021 and no later than 2028. After 2028, the price will never drop below $100,000. 2. The price will reach $1,000,000 per bitcoin no earlier than 2028 and no later than 2037. After 2037, the price will never drop below $1,000,000. As always, the logic of this chart and the assumptions derived from it depend on bitcoin’s previous performance being indicative of the future. That is always the case when relying on any sort of linear regression. However, unanticipated events may drastically alter that behavior in the future, so one should not take the price predictions made by this chart as gospel.

This chart is derived by taking two bands of bitcoin prices. - A resistance price above the current price - A support price below the current price These resistance and support bands were derived by taking a linear regression of the historical bitcoin price to derive a “power law”. This power law is just a straight line to represent the correlation between bitcoin’s price and time. This line is then perfectly copied (including its slope) twice. With these two new lines, - One is lowered such that the historical bitcoin price is always equal to or greater than the prices hitting that line - the support line. - One is raised such that the historical bitcoin price is always equal to or less than the prices hitting that line - the resistance line.

Santostasi argues that Bitcoin's price behavior aligns more closely with this kind of distribution due to several factors: 1. Network Effects: Bitcoin's value is influenced by its network effects, meaning that as more people adopt and use Bitcoin, its value tends to increase. This results in occasional exponential price surges followed by periods of consolidation. 2. Speculative Nature: Bitcoin, being a relatively new asset class, is subject to high levels of speculation. Speculative trading can amplify both upward and downward price movements, leading to the formation of bubbles and subsequent corrections. 3. Limited Supply: Bitcoin's supply is capped at 21 million coins, making it inherently deflationary. The scarcity of Bitcoin contributes to its value proposition, as demand increases while supply remains fixed. 4. Psychological Factors: Human psychology plays a significant role in financial markets, including Bitcoin. FOMO (fear of missing out) and FUD (fear, uncertainty, and doubt) can drive investors to buy or sell impulsively, causing extreme price swings. By understanding Bitcoin's price dynamics through the lens of power-law distributions, Santostasi suggests that investors can better anticipate and navigate the market's volatility. However, it's essential to note that while the Power Law Theory offers insights into Bitcoin's behavior, predicting future price movements remains inherently challenging due to the multitude of factors influencing the market.

Have you heard about Bitcoin Power Law theory ? The Bitcoin Power Law Theory, proposed by Giovanni Santostasi, is an attempt to model and predict the long-term price behavior of Bitcoin using principles from power-law distributions. Santostasi, a physicist by training, applies concepts from statistical mechanics to understand complex systems like financial markets, particularly focusing on Bitcoin. In essence, the Power Law Theory suggests that the price movements of Bitcoin follow a power-law distribution rather than a normal distribution. A power-law distribution is characterized by a few large events (extreme price movements) and many small events (minor price fluctuations), with no clear scale or typical size.

🔥 Ethereum ETF Nearing Approval on Monday in Hong Kong https://u.today/ethereum-etf-nearing-approval-on-monday-in-hong-kong

That's why the open interest for futures contracts is positive, with the volume increasing until April 7th. — Makanya open interest untuk pembukaan kontrak berjangka positif dengan naiknya juga volume sampai tanggal 7 april kemarin.