Bitcoin Price Chart Indicators Flash Similar to 2021 Peak, Altcoin Market Awaits RTY Direction
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Blockchain Backer Newsletter – https://blockchainbacker.substack.com
Blockchain Backer's Technical Analysis Toolkit for Crypto – http://www.BCBacker.com
Blockchain Backer 702 Digital Art NFT Collection on XRP – https://nft.onxrp.com/collection/blockchain-backer/
Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.
DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions. Any affiliate links in the description of these videos may provide a commission if you decide to purchase their products. I appreciate any and all support of my channel, and without you, I wouldn't be here. Thank you.
Hey Becker, Ty for the content
Hope you ll take a look at the monthly data and same indicators in the next video
I d like your opinion on that
Sounds and looks like this time really is different.
Thanks for the info BCB. I took some profits myself this week when you posted about XRP. Also set some stop losses just in case. XRP is 80% of my net worth, and being homeless I couldn't afford another round trip.
But I've bought myself a van with my profits fully decked with solar panels, battery, awning and bed in the back so no matter what happens now I'm set to comfortably wait for the next bull.
People talk of life-changing wealth, and my life is already changed immeasurably for the positive. I still have enough to be fully decked out with 12v fridge, gas stove etc. No debt, kids fully grown and my health robust.
Thankyou for all your pick me ups over the long HODLing years and for always having my back mate. I'm quite literally a happy camper.β€οΈ
Thanks BCB
Thank you! Good job
Thank you! Good job
Thank you
I did the same Iβm not round tripping my bags again
Man you are getting a lot of shiznit on X for this video.
The 'balance' of BC Backus π π―ππ½π«‘
@BCB, Do you think the range we are in now, from 8thAug, is a mini version of the big range from 16thJan? If you shrink it and overlay it we would be around the 10thJun waiting for the final capitulation. With a crash to around $2.50-2.60 which touches the bottom of the descending channel.
Been Lurking since 2020. Always grateful for your content, and honesty. Have learned so much, still happy to be in top 4% of holders!!
If we are waiting for the RTY to confirm a breakout,then why are we not analysing wether there is bearish diversions on the RTY rather.
Fair assessment, most alts will be useless if there isnβt a bigger alt season. Time will tell.
Since when was 2021 the most pathetic alt season? 2021 was dope
Really good video, people need to know this.
Respect for analysing what is on the charts and openly expressing it, all the haters are the ones that are too lazy to learn basic TA
Thank you BCB β€
Great data, thanks for putting it together!!!!β€
I believe youβre spot on.
what's you're read on the indicators for RTY? Also any reason you don't use OBV?
The only thing you need to know is has there been euphoria yet and the answer to that is definitely no. Buckle your f**** seat belts
How can we look at it from the bear case when we are in so much fear?
Youβre a legend, your predictions were almost right every time, and your honesty just shows how much transparent you are with your followers, unlike the moon boys on other channels.
We need to see the possible ugly! Thanks for showing all the possibilities. I don't know why people don't want to see what MAY be! I don't want to be an ostrich with my head in the sand!
goat
I donβt care what the rest of people think about you based on what the market does, I will always appreciate a person and respect them for being just simply honest.
Oh I'm so good with one last tiny push in the market. If this'll help the altcoins finally gets it's time to shine then I'm all for it. If it happens during some kind of retrace then welp, I'll be ah waitin'.
I don't hate you yetπ
Thanks for your updates !
Man people don't like hearing other people's opinions. Money is the root of all evil
The Btc top is close to in definitely is this bearish divergence a leading indicator. Bitcoin still has some more to go onnthe rsi as far as higher prices…it rolls over at 138k -140k
7000 views and only 2000 likes………..HIT THE LIKE BUTTON!
What if bitcoin is actually bearish like the indicators indicate but that it will do a crash down to the the 0.5 retracement and then up do a .702 retrace like the chart you are showing on the right and the altcoins rallying into that? I remember you talking about that a few months ago but you then stopped talking about it. That would line up with past cycles where altcoins topped as Bitcoin hit the 0.702. It also fits with the altcoin RSI not crossing yet and BTC.D not tanking. Could this explain the conflicting signals? Just a theory, curious what you think.
Great video. Very well presented. Thank you. π
Thank you BCB
π€¦ββοΈπ€¦ββοΈπ€¦ββοΈπ€¦ββοΈπ€¦ββοΈπ€¦ββοΈπ€¦ββοΈπ’π’π’π’π’π’π’
Pragmatic Backer is a real bummer, dude. π jk appreciate you bruv
Hey, this is America, there is no bear news. Everything's fine. Nothing to worry about. Don't be telling us there is a possibility of rough times ahead. That's un-American. We're fine. Move along. Nothing to see, here.
Well sounds like Altcoin season is coming π ππππ
I knew it topped and the run is over
Bc is there any bull cases for bitcoin ? I was hoping it had more potential for its effect on the alt market later
Thank you dear friend….. we will see what happens next. I am out for nowβ€β€β€β€β€β€β€β€β€β€β€β€β€