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2020

Old Idea #1 Two-Year Forecast for Bitcoin 2021/22I took the retracement from $200 to the old ATH, and found two Fibonacci levels that predicted our current ATH and bottom. All levels are scaled for log chart. 1.382 extension matches with today's bottom. 2.382 extension matches with today's ATH. If we have a full retracement to $20k by the end of 2020, then the 1.382 extension predicts the first sell-off peak at $40k, and the 2.382 extension predicts $200,000 blow-off top by 2022, depending on how far and fast that greed and hype can really take us. Again, my Fibonacci levels are scaled for log charts. As I watch the market struggle to stay above $6k today, I do expect things to get better with time. Coronavirus and global market sell-offs be damned.
COINBASE:BTCUSDLong
by waysidebitcoin
1
DEEPIND MAY 11 intraday viewPRICE ACTION ANALYSIS IT MAY HIT 85 Deep Industries Limited started in the year 1991, with a primary objective of catering the ever increasing demand for Oil and Gas Industry. Since its inception, Deep Industries Limited has been serving the industry in various segments with the foremost being providing Air & Natural Gas Compressor Services on chartered hire basis, wherein company commands a healthy market position and is also the first company in India to offer such services. In the year 2006, company successfully diversified itself in providing Workover & Drilling Rig Services on chartered hire basis. Currently, company holds a strong fleet of Onshore Workover & Drilling Rigs ranging from 150 HP TO 1500 HP.
DLong
by imperiousgaruda
Scenarios for Bitcoin in the rest of 2020 (1W)There are 2 main scenarios I see come to reality with Bitcoin. Looking at the past these are very realistic scenarios backed by facts. Note that my analysis is straight forward backed by this chart and neither bullish or bearish. However I added Long to this analysis because at typing of writing I reopened 2 long positions in DOLLAR & EURO: 7970 USD & 8030 EUR. If Bitcoin gets rejected at €9K on the weekly this could very well start a new trend on daily timeframe. A downtrend towards a small demand zone of €7,3K - €6,8K which it will very likely will break. The main demand zone which has competition with bulls is €6,8K - €6K. If the demand zone gets a breakout back down, €5K is almost surely the end of this trend of reversal. 200EMA will be around that point in time on weekly and as shown in the past even with COVID19 shows a strong support level. €5K was the main support level of 2018 where price bounced several times and acted as huge support. In my analysis I see a low chance Bitcoin will hit any lower than €5K and thus bottom is reached. If a new uptrend emerges starting off 200EMA on weekly you can expect a very volatile uptrend and will quickly recover towards €5,9K - €6,8K zone. Next up is strong pressure from bears of upper side of bearish triangle, bears might push price back down at €8K level depending where we are at the time. Anyhow this will be the 5th retest of this resistance level and thus a very important retest. If this gets rejected this wouldn't be very bullish. If Bitcoin breaks triangle to upside, a new uptrend commences. The triangle is a big formation where bulls and bears where fighting. I don't see price being pushed down after breaking out of this triangle. A retest should be traded as this could be the last stop to hitting the last somewhat zone of supply €9K - €10K. A very physcological level of supply where Bitcoin might hang and use as consolidation zone. If Bitcoin continues to stay bullish after all this time it might go on its way to an ATH which is definitly a possibility. Depending on volume traded rather than volatility. I don't see any likely chance of hitting a new ATH in 2020 yet. €11,5K could be the high of the following months where price might get rejected, not consolidated, atleast unlikely . Good news is needed to back up this analysis, FOMO is a must in the end of 2020 or beginning of 2021. This would be a repeat of the scenario in the end of 2017 and beginning of 2018. As seen with previous ATHs, the ATH happened around 1 year after the halving took place. The first halving which happened on 29 November 2012 had a bullrun towards an ATH with a return of 8069%. The second halving which happened on 9 June 2016 had a bullrun towards an High with a return of 289%. The third halving will happen at an estimate of 12 May 2020 at time of writing. The price could likely be already priced in by some, but I, on the otherside think otherwise. This could be just the very start. Breaking this triangle and following this uptrend for the rest of the year would be the best bullish scenario I hope to see, yet still realistic. Since federal Reserve started pumping stocks and other markets with printed money, Bitcoin was stated as a safehaven and alternative currency in media and news sites. Bitcoin continued it uptrend longer than expected by most and climbed towards €8,5K level where we are now waiting and consolidating on lower timeframes. With the halving in sight this is only good news following up on eachother. I want to end this idea by saying that corrections are healthy and needed in healthy market trends and don't always mean reversals.
Long
by jonathanvn
Ke mana arah tuju KLCI?INDEX KLCI UPDATE 1 MAY 2020 KLCI telah rebound dari point area 1212 sejak Perintah Kawalan Pergerakan di laksanakan. Persoalannya kemanakah arah tuju KLCI? Pendapat peribadi saya, KLCI telah melepasi phsycolgy point 1400 dan telah menutupi gap yag di lakukan sebelum ini. Apa yang bakal berlaku pada bulan May? saya menjangkakan index bakal melakukan sedikit lagi kenaikan sehingga paras 1470 - 1505, sekiranya paras 1500 berjaya di kekalkan berkemungkinan index akan terus melakukan kenaikan. Walaubagaimanapun, saya melihat index akan mula Uturn melakukan kejatuhan pada range 1470 - 1505 menghala ke area point 800+. *Perhatian!!! Kajian yang di tunjukkan adalah pendapat peribadi sahaja, tidak ada kena mengena dengan arahan jual mahupun beli sesuatu saham. Segala perubahan boleh berlaku mengikut situasi semasa market. #KLCI #IbrahimZohari #IndependentTraders
FTSEMYX:FBMKLCI
by IbrahimZohari
Bitcoin Halving - Past, Present & FutureBitcoin Halving Analysis & Predictions So, in this analysis we're going to try to predict the price of Bitcoin against the US Dollar for around the 12 May (on the 3rd Bitcoin Halving Event!). We're also going to try and predict the future price of this asset through to the 4th halving event in 2024 - these predictions are based on chart analysis of BTCUSD from 2012-Present. We're big fans of clean charts with easy to read indicators on technical analysis - so we've tried to make this as easy to understand as we can for you all, both visually and written down. Let's assume you know at least a little bit about Bitcoin, and the technology behind it; but what's the halving event everyone's talking about? What's this got to do with Mining? Why would this affect the price? Let's go through a few things before we dive into the analysis... What is Bitcoin Mining? Mining Bitcoin is essentially using special hardware/software to solve math problems which, in turn, approves and adds records or transactions to Bitcoin's public ledger (or block chain). This block chain confirms the transactions to have taken place to the rest of the network. Miners are rewarded for their efforts in Bitcoin which provides a safe, logical and fair way for the currency to be distributed, and also adds a pretty good incentive for people to mine themselves. What is a Halving Event? We know that miners are rewarded for their computational efforts with Bitcoin, but how much do they get, and how often? Well, miners are rewarded a certain amount of Bitcoin once a "block" is produced (approx every 10mins). Before the first halving of Bitcoin miners would be rewarded 50 Bitcoins per block. This reward will half on every halving event, which is after every 210,000 blocks are mined (approx every 4 years). So after the first halving, miners were rewarded 25 BTC per block, right now it's 12.5 BTC, sometime in the middle of May this year it will be reduced again after the halving to 6.25 BTC per block. Why Do This at all? The idea is that over time, the amount of Bitcoins issued will decline and would therefore become more sparse as a whole. This would mean (given equal or increasing demand) that the price is going to rise. This is opposed to fiat currencies like USD or EUR which inflate over time as supply increases (more money gets printed), which would lead to a decrease in it's intrinsic value, thus pushing general prices higher (known as De-Basement by Inflation). That was a lot to take in, but now you've got an idea what's going on in the Bitcoin Block Chain world. -if we've explained it properly! Let's move onto actually looking at the chart! After reaching a new all time high of $30 in the middle of 2011, Bitcoin retraced back down to just a few dollars (losing ~90%) followed by an upward burst re-gaining about half of it's previous losses; this is where Bitcoin's first halving happened. After this halving, as you can see, the price explodes upward gaining 9000% throughout 2013, stopping only momentarily on it's way to it's peak of $1150, before a long 2-year consolidation. (We shouldn't really call it a consolidation - it was a 2-year trading period with some amazing trades to be made - but that's a different article!) During the aforementioned period we witnessed a low of $150 before a creep up to the second halving where it was trading at $650. This provides us with some interesting numbers, let's take a look at what we know so far... Note - all figures have been rounded for clarity - the actual results would differ slightly but the idea and point being made would remain the same. 1st High - $30 1st Low - $3 (10% of high) 1st Halving - $12.50 (+300% from swing low AND about half of ATH) 2nd High - $1150 (+9000%) 2nd Low - $150 (13% of high) 2nd Halving - $650 (330% from swing low AND about half of ATH) 3rd High - $20000 (3000%) 3rd Low - $3000 (15% of high) Prediction - 3rd Halving - $10,000 (half of ATH) to $12,000 (+300% from swing low) It's quite a statement - to get from where it is currently ($7000) up to $10,000 - $12,000 within 4 weeks seems completely un-reasonable, and yet, stranger things have happened in the crazy world of crypto! So, that's our prediction for where Bitcoin will be in about 4 weeks from now (middle of May) when the 3rd Bitcoin Halving occurs - What do you think? Onto our future predictions for Bitcoin going forward to the fourth halving event, this is a long way off so speculation based on extrapolation and past performance is all anyone has to work with. We're thinking if our prediction is correct for $12,000 in mid May 2020 there will have to be a period of consolidation following on shortly from the halving, possibly lasting anywhere from a few weeks to a few months, with the price lingering between $10,000 to $20,000. Sometime in the last quarter of 2020 there will be an explosion upward, the one we've all been waiting for, the move that's widely predicted to reach highs of $100,000+. We don't disagree with this sentiment either, from a technical analysis perspective the indications show exactly that; we're predicting highs of a little less than $100,000, maybe between $85,000 to $95,000. We should say, although the "move" may begin sometime in 2020, it may not reach it's potential (or it's target ;)) until 2021, 2022 or even later! This article should not be taken as trading advice per se , but as some guidance on what could happen if 2 things are true; the first one being that technical analysis has a basis in trading successfully, and can indeed help to "predict" the future. The second being that history repeats itself, we all know the phrase and we're sure lots of people (including us) believe it to be generally true, let's find out in a few weeks, and again in a year or so! The world of trading Crypto currencies can be dangerous, illogical, frustrating, un-predictable and very much profitable with the right knowledge and experience. Good Luck & Happy Trading
BITSTAMP:BTCUSD
by theCrypster
6
SPX - Update - 61.8% Fib in Sight - Bull or Bear?The SPX has broken above the 50% fib level and looks set to visit the 61.8% retracement. Prior Analysis We have already moved beyond my prior analysis targeting the typical 50% retracement, whilst this is not uncommon it is certainly a testament to the power of stimulus and a positive narrative, or perhaps naivety, as the Federal Reserve has stepped up their "stimulus" to unprecedented levels, north of 1.5 trillion within the past 4 weeks. With Lorrie Logan, head of the federal reserve's open markets, signaling that further irreversible intervention is inevitable: "supporting smooth market functioning does not mean restoring every aspect of market functioning to its level before the coronavirus crisis. Some aspects of liquidity—especially aspects related to transactions costs and market depth—are importantly affected by fundamental factors such as how the current extraordinary uncertainty about the economic outlook influences trading behavior. These aspects of market functioning may not return all the way to pre-crisis levels for some time, even as our purchases slow." With the knowledge that the Federal Reserve is and will continue to be the buyer of last resort, barring direct stock purchases (for now, but that will change shortly). How do we play these markets? The US economy is not going to open until May 1st, at the absolute earliest, according to "leaked" white house documents: "The plan lays out three-phases: Preparing the nation to reopen with a national communication campaign and community readiness assessment until May 1. Then, the effort, through May 15, would involve ramping up manufacturing of testing kits and personal protective equipment and increasing emergency funding. Then staged reopenings would begin, depending on local conditions. The plan does not give specific dates for reopenings but specified "not before May 1." Furthermore the same document states that government intervention is likely to continue until a vaccine is available: "The plan also carries this warning: “Models indicate 30-day shelter in place followed by 180 day lifting of all mitigation results in large rebound curve - some level of mitigation will be needed until vaccines or broad community immunity is achieved for recovering communities.” This fact alone, would suggest that the downside is not over just yet as the longer the lock-down measures remain in place the more the US economy will continue to bleed. But we must not get too bearish too soon. Gap Fills? The correct play at the moment, in my opinion, is to expect more upside albeit only for the short-term, as the rush of stimulus and the apparent slowing of global infections continues to placate markets and with the breadth of CB purchases, the path of least resistance is up. That being said. I will be looking to go short, should the market fail at the 200 ma or at the 61.8% fib level. I will be open to long positions, similar to my WES trade, which produced gains of over 170% in little over a few days, but i am more comfortable, waiting in cash for the time being, as even the slightest bit of bad news can send the markets tumbling lower. -TradingEdge Sources: Federal Reserve Operations: www.zerohedge.com White House Document: www.zerohedge.com BlackRock Following Fed Purchases: www.zerohedge.com
SP:SPX
by Profit_Link
2
Bitcoin Double Bottom Support Test Before Or After Halving??Currently the BTC1! futures weekly candle is soon to close, It is important to note that it is currently a holiday weekend. The 12 EMA is currently below the 100 EMA for the first time since December 2018 Last time this occurred, BTC experienced a 50-60% drop BTC is currently up 100% from the March 12th capitulation bottom......Will BTC capitulate again to retest this macro support before or possibly after the halving? only time will tell............
CME:BTC1!Short
by ILL_Midas
False breakout or to 7800? SPY will lead.Green: Continuation of the false breakout. Price is rejected at the 0.618 fib level. Red: Price is unable to break above the 0.50 fib level and heads lower immediately. Note: Both the SPY and Bitcoin are currently around the 0.50 fib level. 0.50 fib level is a critical level psychologically for the SPY. Expect rejection and a wake-up call for many retail investors. Unless if a miracle happens! Tip: Keep an eye on news headlines. Not financial advice. Good luck.
GEMINI:BTCUSDShort
by OptiPulse