💎 Your Exclusive Bitcoin Analytics! (25 Sep 2024)

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Our Archive of Previous Newsletters

Welcome to Bull Market Bytes!

Your byte of cryptocurrency insight where we all grab a bag of popcorn and wait in anticipation for Bitcoin’s Moon!

Let’s Explore Today’s Highlights

🧠 Fun Fact: Free Bitcoin!

📊 Market Breakdown: Bitcoin’s Bullish Success Chance

📌 Bull Market Bulletin: Current News & Stories

📚 Trading Strategies: Rising Wedge

Free Bitcoin! 🧠

We all have come to know and love Bitcoin…

Well, when it doesn’t want to freefall to zero like my credit score. 😂

But when Bitcoin was first released, how did people initially fall in love with it? 🤔

Was it through the blockchain technology?

Or maybe it was through the decentralization?

(Buzzer) Nope! It was though the free stuff!

I’m sure it was other things, but let me just have this one joke… 🤣

On June 11, 2010, software developer Gavin Andresen launched a legendary project on Bitcointalk…

This project was called “The Bitcoin Faucet”! 😎

How exactly does this work, you may ask…

It is quite simple… you would visit the website, add in your Bitcoin wallet address, and get a free 5 Bitcoin! 💎

That is around $315,000 at today’s value! 😮

Now, what is more wild is the amount of Bitcoin that was placed in the faucet when it first began… any guesses?

It was loaded with 1,100 Bitcoins, or $69,300,000 at today’s value! 🤯

Just a side note… there are still working Bitcoin faucets that you can claim Bitcoin from…

Granted, it isn’t 5 Bitcoins anymore… unfortunately… 😂

The Legendary Bitcoin Project!

Market Breakdown 📊

Great to see everyone join us for another market breakdown!

Awesome to see that the crypto markets are starting to heat up as we see some movement going on!

Now, we just need to continue the momentum… 😂

For today, we will be covering the overall market, and of course…

Diving more into Bitcoin’s projections! 📊

This includes:

1. Cryptocurrency Heatmap (7-Day)

2. Bitcoin’s Projected Movement

3. Our Thoughts on Movement

So, without further ado… well, one ado… a word from today’s sponsor!

Thank you to Vinovest for sponsoring today’s newsletter. Now with that “ado” out of the way, let’s go ahead and dive in!

Cryptocurrency Heatmap (7-Day)

It is always an amazing thing when you can start the market breakdown with a green heatmap! 😁

As we see below, the gains are starting to flow in and with those gains…

People are speculating movement less and seeing that when cryptocurrency moves… it moves! 📈

One thing to keep in mind with the percentages is that they are not overexaggerated.

With the percentages of:

1. Solana - +15.04%

2. Ethereum - +12.31%

3. Bitcoin - +6.54%

These are healthy moves. We want to get to the overexaggerated where Bitcoin is up +75%…

But everything needs to align so we have a strong movement! 🚀

Speaking of Bitcoin’s movement…

Bitcoin’s Projected Movement

In our previous newsletter, we broke down Bitcoin’s movement and some projections that we had in mind.

We also saw that Bitcoin may be moving quicker than anticipated…

And with that said, it appears that we are still on that track! 📈

Let’s take a look below and you will see that Bitcoin continues to move up a steep support line.

With that said… the projections are in…

We are currently at:

1. Continued upward movement - 71.2%

2. Reversal to downward movement - 28.8%

These are the percentages for which is likely to occur prior to the 14th of October this year.

We are only a little over two weeks away, so this is getting interesting! 👀

Now, let’s take a look below and see how it looks with the ascending triangle highlighted…

As we previously covered, the ascending triangle can end with a bullish or even a bearish movement.

At this time, it is more likely… 71.2% more likely to be exact… 😂

That Bitcoin will continue to push upward through the ascending triangle…

However, there is always that currently 28.8% that it reverses and does not break through before the 14th of October…

When the next weekly candlestick forms, we will have more of an idea of what is to occur.

Which is a perfect example of what we have said in the past…

Market predictions and trading is like driving through fog, the further out you try to see the more difficult it is…

Hence that is why we focus on weekly candlesticks and not monthly or yearly… 😅

Our Thoughts on Movement

Bitcoin continues to move in a strong pattern and we definitely like what we see! 😃

Granted, if we fall below $60,000 during this weekly candlestick, we will break support…

Which is never a fun thing… 😬

The number will increase as we reach the next weekly candlestick.

In the meantime, let’s hope and pray that we hold $60,000! 🙏

🧠 Don’t forget! Price consolidation (sideways movement) is not a bad thing… but too much sideways movement may result in downward movement.

Bull Market Bulletin 📌

Cardano Founder Attacks Ethereum. Charles Hoskinson, the founder of Cardano, claims that the Ethereum network is more like a “dictatorship” … definitely some strong words there. 😅 He claims that Ethereum co-founder Vitalik Buterin exerts too much influence… Grab a bag of popcorn as this is getting interesting! 🍿

CEO Linked to FTX Fraud is Sentenced to Prison! The FTX fraud is something that is bound to be talked about for many years to come. Now, to the interesting part… 👀 The ex-Alameda Research CEO that testified against Bankman-Fried during his criminal trial last year and was a “cornerstone” in his conviction is now being judged. This isn’t a light judging either, this comes along with a jail sentence and billions in fines! 😮

Gamestop Customer Wins 1 Bitcoin from a $33 Pack of Cards! I suppose dreams do come true! 😂 It is reported that someone bought a first-edition pack of Cardsmiths’ Currency Trading Cards and was able to scratch off a wallet address with 1 Bitcoin… that is over $63,000 for a $33 purchase! 🚀 Note to self… I need to look into this some more. 🤣

Is the Presidential Election Bitcoin’s Rocket Fuel? It is coming to a more common opinion that Bitcoin’s movement is highly dependent on the upcoming presidential election in the United States. Seem far-fetched? Possibly… However, the United States does account for the largest economy globally with a GDP over $25 trillion! 🤯 Now, traders and investors are saying Bitcoin will hit this number by quarter 4 of this year!

Bearish Channel 📚

Welcome back to another exciting educational lesson!

In last week’s lesson, we covered the bearish channel.

In past lessons, we have covered the falling wedge pattern and are going to exactly that… but the opposite. 😂

For today, we are going to cover the Rising Wedge Pattern!

Throughout the lesson, we will cover the primary topics of:

1. The Type of Pattern

2. Movement of the Pattern

So, without further ado, let’s dive into this pattern and expand our knowledge as we may see the pattern while trading…

And hopefully avoid it making us lose all of our money! 🤣

The Type of Pattern

Even though it is named the “rising wedge pattern” …

This is a bearish pattern! 📉

The reason for this? Well, let’s take a look below.

As we see above, this pattern has an upward movement that slowly consolidating.

What do we mean by this? 🤔

The support and resistance lines are growing closer as the pattern moves higher, and because of this…

This pattern is creating a decision that must be made… up or down?

Being that this specific pattern does not generate a high amount of upward momentum, it is met with a strong push downward.

Why is this? 🤷‍♂️

Because when resistance lines are not broken, and volume starts to taper off… support lines become broken. 📉

Movement of the Pattern

Let’s go ahead and see how this pattern moves in real-time! 👇

🧠 Remember! Just because an asset appears to be in a bullish pattern… does not mean that it is in a bullish pattern… 😅

Your feedback is very important to us! ❤️

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