Get started

2020

Bitcoin BTC 20K All-time-high October 2020 (Rough Estimate)First I want to mention this is my first TV chart idea and I'm no professional trader by any means. Take this idea with a grain of salt. Based on my relatively simple chart, I think there's a good probability of Bitcoin hitting the 20k target during October of this year. If this target is reached I suspect one of two scenarios. I'm leaning more towards further upside breaking through 20k after a small shakeout. Bitcoin has steadily increased in price since inception and unless there's a black swan event to damage confidence (very possible) I think new interest combined with more preparation to handle high numbers will benefit Bitcoins price in the following months. Alternatively perhaps MSM news will pump the "20k ATH Bubble news" and new investors will get dumped on with a sharp retrace. In this scenario I can see revisiting 12k as a worst case scenario, by then I suspect Bitcoin will want to resume bullish momentum.
BITMEX:BTCUSD.P
by NFTArtist
2
Merry Christmas 2019! Your gift? Bitcoin at 3K! A Short ScenarioHi All, Wow, what a couple of months... and weeks... and days... and hours! What the hell is going on with BTC!? Now I know this post may get taken the wrong way to begin with so lets lay a few ground rules first; 1. This is just a scenario. Nobody really knows what BTC is going to do next, so no, I'm not claiming to predict the future. 2. I know the pattern is somewhat incomplete but I address this in my TA. 2.1. In saying the above, I have published this idea as a possible pathway that BTC might take downward, should we have a confirmed downtrend, with the intention of a retrace. Now the supporting TA; Head & Shoulders Pattern I have started the analysis with the pattern as it is arguably the weakest element of TA on the chart. We do not have a right shoulder forming yet, let alone a confirmed neckline! There are a few confirming factors we can consider however. In order for the proposed neck line to be confirmed (or touched at the least), we would need to break the 38.2 fib line, break the trend line established since April (labeled 20MA trendline which we will get to later), and dip below the 50MA. A considerable task. There is one recurrence though which works in this patterns favor; The period displayed above shows the highest number of 38.2 fib line tests both as resistance and support. There is noticeable confluence with the MACD indicator, as every positive MACD cycle clearly coincides with a hold of the fib line, whereas every negative cycle coincides with a break of the fib line. If we now look at the current chart you will notice MACD is about to cross into negative cycle. Additionally, considering the previous MACD cycle took 15 days, and assuming this cycle is around the same, we actually provision a perfect amount of time for price action to reach our hypothetical neckline. The case for this point to act as a pivot is double edged; The neckline suggested by the first shoulder is in perfect confluence with the trend line set since the break out in April (labelled 50MA trendline). Both of these as well as the fact that the 8400-8500 price range has been a traditional level for support/resistance previously suggest that this support line may be too strong to breach at an initial attempt. The case for the subsequent bounce and pullback to and from the right shoulder is as follows; The 10K mark has psychological value and there would be interest in retesting this price from a retail perspective. This same 10k mark has also acted as support/resistance previously. Our trend line from April would be tested as resistance in confluence (labelled 20MA trend-line), and an attempt at breach of the 38.2 fib level would also occur. It is at this point where i think it is crucial if this pattern is to succeed or fail, as well as strong signalling for short to mid term trend confirmations. We could see the right shoulder creep a little higher for example but any serious breach of the 50 fib line would largely invalidate this analysis. For the idea to be viable, all levels of resistance must hold for the formation of the right shoulder. Following this is the confirmation of the pattern, which is the break of the neckline. In order to do so price action would need to break the trend line established since April (50MA Trendline) a significant milestone. This would ultimately be the second attempt and would signal the end of this mid term uptrend. The distance from head to neckline, measured from the assumed trend line breach provides us with a possible target of 3K. To achieve this target we would need to breach the final ascending trend line established back in DEC of last year as well as the 200 MA, technically (and in all reality) plunging us once again into a bear market. Should the above occur, 2019 would have obviously not been the year the new BTC Bullrun started. MA's and MA Trendlines There are a number of trend lines drawn on the chart; 7MA TL (Trendline), 20MA TL, 50MA TL, 200MA TL, and lastly the major trend established in DEC last year. The 200MA TL is at deviation, at a steeper angle and degree, to the major trend line, just as the 50MA TL is at deviation, at a steeper angle and degree to the 200MA TL so and and so forth all the way to the 7MA TL. This is in perfect confluence with the parabolic nature of BTC's recent rise. I have assigned each TL an MA as each MA should touch or get in close proximity to each of the red dots marked on the suggested H&S price trajectory and trendlines following a H&S price pattern. Should the pattern materialise, we should start to see a downward trajectory for the 7, 20 and 50 Ma's which should be in or around those points. This is not support for this analysis as such, but additional chart occurence that we might expect so see. MACD & Histogram MACD is clearly showing signs of turning to negative cycle. We also currently have the lines touching the upper half of the symmetrical triangle providing BTC with ample room for downard price action. Histogram has also confirmed the start of a negative trend albeit a weak one at this stage. VOLUME This is actually one of the most telling indicators. We simply do not have anywhere near the same volume leading up to the bull run of 2017. Obviously this is not support of the pattern occurring, but its strong support of a downward move however that may be. I don't think we can consider this the start of the bull run with these levels of volume not do I think these levels are enough to sustain an upward move let alone fend off a downward one. VPVR If we move our time frame to start from this years bottom, we will notice that our value profile sits 5K and below. This is in perfect confluence with the volume charts suggesting that we have not had wider participation in this current bull run and purchases above 5K have been in the minority. It also suggests that we don't have much resistance from a demand perspective at least until 4.5-5K opening up the reality or opportunity for BTC to revisit 3K. Ichimoku Clouds The H&S right shoulder would nicely retest Ichimoku as well as the aforementioned indicators prior to pattern confirmation. The more confluence the better. Confirmation of current down trend TBC by this indicator however, something to note. Summary The pattern is still forming, and as such, invalidation of this idea will be quick and swift. Overall my disposition is still a short on BTC in the mid-term based on various other indicators mentioned. Another revisit at the 3K level would need a new technical analysis for entry, but it would not be a bad assumption to think that a second visit to 3K should it occur, would act as a double bottom. Additionally with halving occurring next year as well as a maturing crypto market and participants we should have a better conditions to kickstart a new bullrun. Equity markets tanking late this year/ early next year would also be viewed positively from a crypto perspective. Confirmation Formation and confirmation of pattern. Invalidation; 50% Fib test in short term. General dissolution of pattern. Thanks guys, leave a comment and let me know your thoughts, Traders-Corner *** Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions. All investment and trade decisions, no matter how well investigated, involve risk. ***
BITFINEX:BTCUSDShort
by Traders-Corner
4
BTC In Wonderland Finding The Fire Station For This Fired Up BTC There Is Idea Of Short Letter to Predict BTC . Also its your Kind donate Any Crypto to Author :-d First Step Was Crossing The Line Border . 16640 $ Tonight you Saw this Cross Line Was Brooked By Btc Short Firing There Is no Such Big Resistance to Setting Up Btc Place in 2 Lines First one will Be simple Sec Step : Will Be starting New Way To Btc of course 16500 up to 17500 . its those Step Every one Spoke About it . this Location Will be Marvelous I am sure you hear some Perfect Trader : Are you Ready For 20 K or Lose . Its Magical Place i want to talk , It is The best Comic Real Name : BTC In Wonderland 20 k Dreams or Reality of 60 k in 2020
BITSTAMP:BTCUSDEducation
by Rebvari
Ultimate LONG 2019-2021 I see no recession coming. Get over with Trade wars, it is no longer irrelevant. It is only the headlines that make you drop your stocks so BlackRock and Vanguard can accumulate more. I see a lot of fear. we don't fall on fear. we fall on greed and too much confidence. Getting some entry around here and in one months. Try not to pick stocks, use ETFs to diversify, but first read the holdings structure and commisions. If you like to pick stocks, watch the ones who are: 1. looking strong on drawdowns 2. gaining more on market growth. 3. have great guidance and nice forward P/E vs current. 4. don't play earnings. just hold, otherwise you'll end up messing up 5. try to diversify, but do it truly. don't buy all tech, or all semiconductors, or all biotech or all banks. if you buy QQQ, you buy a lot of Apple, FB etc. so, no need to add more of it. p.s. please see the previous related ideas, to see how it ends up
FX:SPX500Long
by KholleKhokk
The ETHBTC Megabull Pending the Activation of the IH&S PatternHi everyone! Before we get started, take a second to hit the like and follow button to put this idea on the top spotlight and keep getting updates. For those who have been following our updates and charts on Telegram, you remember that we've posted the same chart back in December 2018 pending the completion of the green IH&S. At this moment, the market seems to have completed enough consolidation to attempt another breakout to complete the last shoulder of the IH&S and activate it with a hit of 0.040. You can clearly notice looking at the chart that ETHBTC has a strong repeating IH&S bull reversal historical pattern (we are going for the 3rd now) within the log parallel bull channel , and once that we activate the IH&S we will very likely have a similar explosive Megabull on this pair (even ETHUSD ) towards the top of the channel around few potential targets depending on how Bitcoin pans out: 0.32-0.36 BTC 0.51-0.61 BTC - which is most likely the final target, target that we had since December The question is pretty much the timing hence why two fractals were included with the blue fractal topping on August 2019 and the delayed purple fractal with a top in May 2020 right around Bitcoin's halving. Feel free to discuss if you agree or disagree! Like this chart and follow us to get updates on this fractal analysis. Don't forget to share our idea with others while referencing our work.
Long
by BitcoinGuru
14
Time analysis: Could the bitcoin bear market end October 2020?To me, it looks like the market is moving slower after each cycle. Our last bull run was longer than the previous one. The 2014 bear market was also longer than the 2011 bear market. To my findings, the bear market of 2014 moved 2.5x slower than the 2011 one. If we use that same factor this time according to my calculations the bear market now should end around October 2020. I know that sounds very depressing but as a long term trader I'm trying to find every possible outcome and this is one of them.
BNC:BLXShort
by CivilisedWolf
6