Bitcoin bull run again? the chart speaks itself

By Emad | honarparvar | 31 Oct 2023


this chart has been my roadmap for longterm Bitcoin trading since the beginning of 2023.

722dd3b13f4ba18036e97291af6a5089ff5da7cfe9d1acfcab40c8d19b8c7e58.png

the weekly supply should be tested in my opinion. the two indicated imbalance zones strengthen this idea too.

fundamentally, important issues for Bitcoin's long run are:
- Regulatory and governance: though I believe Bitcoin is an so called succeeded act of anarchy and decentralization, still seems governors are playing a big role in people's mindset.
- Security (of users) since the security of the blockchain itself doesn't seem to be an issue yet
- Scalability: Bitcoin, comparing to rivals like ADA Cardano, has a limited capacity to process transactions, which depends on the size and frequency of the blocks that are added to the blockchain.

Buy Bitcoin... or Altcoins?
I do both. but once you considered the giant is going sideways after any spikes up, it will be wise to have more of good altcoins.

what Altcoins do I consider good?
here is my list of favs: Cardano ADA - Ethereum ETH - Polygon MATIC - LINKCHAIN LINK

How do you rate this article?

17


Emad
Emad

youtuber, business developer and Crypto enthusiast


honarparvar
honarparvar

Writing is my addiction!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.