Most 'organic' Bitcoin pump in years — trader explains why a blow-off top is ...
Bitcoin on-chain analyst Willy Woo sees three reasons why a blow-off top is unlikely to happen anytime soon for BTC price. Despite Bitcoin's (BTC) steep rally in November, the price is consolidating above $15,000 as on-chain analyst, Willy Woo says a blow-off top is unlikely for three main reasons.The three factors are the growing outflow of funds from exchanges, increase in “HODLers,” and data showing that investors already took profit.Bitcoin is moving from exchanges to individual walletsAccording to the data from Glassnode, a large amount of Bitcoin has been moving out of centralized....
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After an evening of perusing the internets a post on reddit stuck out to me. “Bitcoin is being manipulated like other alt-coins” . The writer, mitchr4, goes on to explain that he is or has been an alt-coin trader for a while and has seen certain pump-and-dump patters emerge in the alt-coin industry. mitchr4 goes on draw parallels between the recent price spikes and downturns in the bitcoin market and the pump-and-dump nature of altcoins. mitchr4 goes on to explain how the pump and dump scheme works in bitcoin….
There is an interesting project currently taking place in Argentina. Nubis Bruno, an Argentinean web developer and entrepreneur, has found a way to help local organic farmers sell their products using Bitcoin. In Buenos Aires, organic farmers are struggling to sell their products. However, some farmers have found an alternative. With the help of Bitcoin, these farmers have succeeded in creating an online presence where they can sell their organic vegetables directly to customers with no fees or middlemen getting in the way. Santiago Zaz, a friend of Nubis Bruno, is a member of an organic....
New Hampshire, home to 4,150 farms comprised of 471,911 acres of farmland, is a prime destination for local, organic farm products. The state is also home to one of the most robust Bitcoin communities in the world, and as a result you can buy all your organic groceries with cryptocurrency. According to Jessica Love, one of the key organizers behind the Community Market Day Project, a network of small farmers and artisans markets, the desire for more local, natural, and pesticide-free farm products has been growing recently. “There are more and more farmers realizing the consumer/profit....
Bitcoin price has been stuck trading within a small symmetrical triangle. These continuation patterns tend to suggest another equal sized move down is coming. However, a sweep of lows would “perfect” a buy setup that could initiate a pump and dump fractal from years ago. The pump and dump would be designed to further confuse […]
Bitcoin price is chasing after $18,000, but the shorter consolidation phase of this rally has led some analysts to expect a blow-off top. Bitcoin price is steamrolling toward $18,000, and excited traders are calling for the top-ranked digital asset to overtake the 2017 all-time high at $19,763. Unless you're a bear, reaching a new all-time high is great. But ideally, for a sustainable rally to maintain its pace, a staircase uptrend is more beneficial than a sudden upward climb. In recent weeks, BTC has continuously surged higher without prolonged consolidation periods or any major....