Here's Why We Didn't Know If Bitcoin Is In a Bull Or Bear PhaseIt would explain all the new price patterns and movements. We were neither in bullish or bearish territory. We were in a huge Bullish Continuation Symmetrical Triangle and all price movements were taking place within this symmetrical triangle from around April 2017 and will continue till breakout to start next bull run which is expected to be around January 2021.
It would answer many questions and confusion out there especially the disagreement between traders on whether are in a bull phase or in a bear market continued correction phase still. The breakout to huge bull run will also happen about 8 months after halving which fits into the timeline too.
It would explain why the bears will be louder when price rejects from the top of the triangle and why the bulls will take over when the price bounces from the bottom of the triangle.
And if this is indeed the case, the next bull run will be HUGE after building up all that energy in the Symmetrical Triangle for 3 years now and by the time it breaks out as expected to next year it would have been 4 years!
If this indeed turns out to be the case, the next bull run will be epic. Aren't we due for one? All we have to do is survive the shakeouts.
Bitcoinbullrun
LINKBTC - Bitcoin to move soon?Looks like LINK is hitting the top of the wedge. Will it drop soon vs BTC?
Linkusd is also hitting resistance and would have enough downside.
The question is, are people selling Link for BTC because of a BTC bullrun and accordingly LINK will fall vs USD, or will both btc and link drop...?
Or am I all wrong about the wedge and LINKBTC just keeps on rising?
Bitcoin/USDLONG, i have clearly shown what i see to be going on. Also this pair has broken out on the daily timeframe!
I expect a slow move until we break 0.786, once we break this first target is 0.5 fib level where i see a small amount of pullback to the 0.618 fib level. My overall target would be the -27!
BTC more signs of a bull run regardless of Iran US conflictSince BTC is already digital gold and adaption is just the next step. Considering that BTC was pumping along with January effect and the conflict between US and Iran. Let's consider that I was bearish already during this phase of consolidation from January 8-13 where Iran and US expressed concern to end conflict to not escalate a war. BTC then consolidated and was bound for correction on my analysis. But I was proven wrong and for me BTC pumping was unlikely from here. But it did...So in conclcusion if BTC is pumping even out of the Iran and US conflict which is already fading away...then we can consider this a sign of a bull run. Let's still see
BITCOIN Breaking point for a bull runSince the chart above mentioned the RSI 14 weekly showing signs of btc on a bull run or not..in a candle stick perspective we're already right exact at the resistance area of BTC and it will show either we have a retracement-pullback then go back up to a bull run. Or...this is alraedy the top and another correction dowanrds to $5,500ish. Call me repetitive but I have been saying since Novemeber BTC bottoming is possible already. Inline with January effect, halving and technical indicators showing up. BTC coming to a bull run this January is possible. Notice on the same China pump before there is a bearish divergence HTC present at MACD, RSI CCI. Now there's no bearish divergence at MACD only at RSI, CCI. It's possible this is just a retracement-pullback only.
Bitcoin catalyst bull run or not...Notice if BTC goes and finds support above RSI 14's 50-52 level. It says in the bull run regardless of bearish divergences which are irrelevant at uptrends. If it's below it, it's a bear run. We're now at the breaking point where BTC will either break above these levels and confirm a bull run...or not.
Bitcoin pump 2020 or 1st-early 2nd quarter pumpIf we don't pump on January 2020 likely it can happen anytime between the 1st quarter of the year 2020 OR at most 2nd quarter of 2020 which is the may halving. Also note that BTC corrected middle of 2019 June so possible that the maximum bottom will be on middle of 2020 which is May. Note that May is also the halving of Bitcoin.
BTC NEXT TARGET ZONE $15.600 / $17.250BTC is been moving inside parallel chanels, each channel is getting more narrow, RSI, STOCH and MACD are showing a formation of a Bearish divergences this never happened this year ont his time frame in all the indicators., This couldbe the last stage of this uptrend then following an ABC correction going through all the channel until reach the bottom of the last one and the horizontal level of $9700, should be good support.
Bitcoin Trend ContinuationOn the Daily chart, this is the potential long setup I mentioned in my Telegram group yesterday. If $8,200 is broken which is not yet confirmed, but looks likely, then this long trade may become active. The cryptocurrency market has been very volatile over the months of April and May so this is why I am staying on the Daily chart as opposed to the H4 as well as only searching for trend continuation opportunities and not counter-trends.
Entry for this trade is around the $7450 level with targets up at the $9,675 level at the -0.27% Fibonacci and Stop Loss around $6,800 at the 110% Fib extension. This gives me a nice 3.39/1 Risk Reward which meets my preferred target of a minimum 3/1. Risk of account is 2% as usual.
Of course, this buy limit may not be fulfilled and then further setups will be analysed in that case.
BITCOIN road to $100.000+ in the comming 2 years.BITCOIN road to 100k+ in the comming 2 years.
The market cycle has started again. Maybe this cycle wil be the biggest ever. And maybe it wil go over the 100/200/300k.
But realistically a 100/150k is very nice for this comming bullrun.
What we see now is a accumulation zone. We need to let bitcoin rest. And i think you can add position add $6000.
The accumulation zone is uptrending to the halvening. if we break this accumulation zone and break 11k i think there is another scenario then this.
But if that happens it could be a really different rally than the previous.
Lets see what happend the comming years!
Goodluck you future millionaire!
i am sorry if there are any faults in chart or the post.
Follow me for more crypto and like this post if u agree!
Bitcoin to 350K next cycleBitcoin to 350K next cycle:
According to past performance, Bitcoin has always extended to 18.618 of the previous Bull run.
Bitcoin has done this 3 consecutive times, therefore market could experience an epic bull run in the next 3-5.
Accumulation zone 4000-1000 because no one knows where is the bottom or "where the bottom is"
But would be buying little around 3-4k and the bulk if it goes below 2k.
Time frame 3-5years.