Bitcoin about to trend back to 8500 usd! Whales effect low!!I expecting a trending back in bitcoin!
as you did see my in before post i did talk about a breakdown below 8500, what did happend, and as i expect now, we will reback back before the market will choose a right way.
This are expecting made by us. so everone should self see what want do short or long.
MARKT are 100% long term.
I expect bitcoin will hit 8500 back before a side choose. after this i will update you!
# this are only expecting , nobody know the future!
Bitfinex
BTCUSD - The downtrend and then the uptrendHello and have a good time.
Here's the strength and power to stay in this channel.
If it continues its downtrend, it will reach Target, if Target rejects it, there is a strong support at $ 8,200 which is unlikely to break and the uptrend will start moving.
Of course, many Bitcoin bigots believe that Bitcoin will touch the $ 7,200 mark.
I wish you all the best.
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Thankful.
Move carefully.
Good luck.
Pre-halving Bitcoin growth analysisThe analysis charted above portrays a clear view of the necessary levels Bitcoin needs to break to successfully remain functional. Yes, that's the question in mind.
The alternating Red/Green lines are calculated Fibbonaci timezone to foster the time parameter ensuring the completion of market cycles. These are a convenient way to interpret the upcoming major moves. The bold black vertical line marks the date of halving. According to on-chain analysis and mining research, we believe that bitcoin should at least trade at $12,500 to sustain operation. There also a popular theory that miners already cashed out in the previous bull-run and can sustain operations for another year. This is valid but it does not deny the fact that in the long run, we have to hold these levels.
The moving averages selected bring in a very important number (as seen above) to determine possible resistance and support. The weekly looks rather bearish, yet bullish FA about legalization in India and South Korea could bring in new money to the table.
Only time will tell, Stay Mashed!
For more : hashedplutus.com
Bitcoin Gold (BTGUSDT) short.All description on the chart.
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BTC LongFrom the beginning, I saw BTC as a picture of the dotcom bubble. If you look at the dotcom bubble you can see the first rise to fall was approximately 7 years followed by a smaller up that rise to fall lasted about 7 years. Obviously crypto went through the cycle significantly faster. We saw the first significant up last around 21 months and if we use this for the second phase we don't revisit a higher low (App. 4-5.5k) till the end of September 2020. So what does this mean for the short term? I would say we definitely aren't falling quick, which leaves room to play the volatility of the market as sideways is not something crypto is accustom to. However, it should come as no surprise if the market doesn't skyrocket off of this. We could go as high as 16k (but unlikely). The second phase of the dotcom went above its marginal curve at the end before the crash of 2008. BTC could still do this or the up at the beginning to 14k may have been just that. If it was we could see a slow bleed down to 4-5.5 over a period of months. Alts like XRP, Stellar, OX (ones I follow) still need time to pump prior to the btc 4-5.5k. In every bubble, there are winners and losers so the verdict is still out on what alts will really do. One thing I am pretty strong about is BTC having already hit its bottom when it hit the 3k area. Note: I am not professional, not even an amateur, I am simply your voice of reason.
BTC Break to the upside? Or the calm before The Storm.Again, a simplistic chart with a poignant message. Bitcoin on the 4 hourly is rather interesting, as we see the 50MA holding up and starting to curl to the upside, with the 200 MA curtailing down. A sure bullish signal is when we see the 50 MA cross-over the 200 MA and hold. I would like to think the Pennant, which is a fractal derived from trend lines and fib levels, will conform to the moving averages. A push to the upside, with a break out of the pennant and moving averages crossing over, is a LONG trade. We could however see that happening, but instead of breaking out, touching the top of the pennant and breaking to the down side, where it continues its bearish sentiment.
The top of the pennant is important as its angle triangulates to the previous high of $10,000 which saw a rejection down to $8,585 (approx), and this is validated via a trend line which touches the following highs, which thus far have been lower highs. SO this is a critical and pivotal area of isolation to allow for the facilitation of whether to go LONG.
I can also see how price is equally likely to get rejected, especially with the halving and fundamentals which we need to consider, such as news and the recent coronavirus outbreak.
This will be very choppy waters I have no doubt, I am posting this as neatural as there is not enough to be as definitive as possible with respect to conveying a long or short.
However, I am highly confident in this pennant/fractal, and while one can trade within the fractal, it is more, from my experience, profitable with less risk and more reward when trading the big swings or breakouts/breakdowns.
Good luck
BTCUSD ABC CorrectionHello guys
Thanks all of you for supporting us
We are forming ABC Correction Of .3.W3 but we are in micro wave of it
After completed wave 5 of A you can take long position for B and Short position after B for Wave C
But be careful maybe it can do Anti cycle
Dont forget stop loss
And with our estimate day that finish downtrend , its about 100 to 115 days
Be patient and enjoy your profit
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Bitcoin Rising? Potential Bounce In-Play (10X Lev. Trade Inside)Bitcoin's (BTCUSD) retrace gained momentum last week but hit a stop yesterday when the 0.5 Fib. retracement support was hit... This level is clearly marked on the chart.
Here we have Bitcoin retracing on low-volume with prices now bouncing after reaching support.
BTCUSD moved and closed below EMA200, MA200, and EMA100 just to quickly move back above these levels.
If the daily candle closes above $8626 we have a positive signal, earning momentum for the bulls.
We are active here with 10X lev... You can find the full trade details below:
Where do you think Bitcoin is headed?
Do you think that prices will bounce here and resume the uptrend, or fakeout and continue to drop?
Share with us in the comments section below!
Namaste.
BitTorrent's New Uptrend Is Set, Aims At 40%+ If...BitTorrent vs Tether (BTTUSDT) broke the 18-Jan. high and is now trading within an ascending channel.
This altcoin pair looks really bullish and is about to face resistance in the form of MA200 at 0.0004585.
If MA200 can be conquered, we are likely to see a move that will hit about 40% in gains...
But if instead, MA200 rejects the growth, we will see a retrace before the next move up.
Whichever scenario comes to reality, always make sure to secure your earnings by selling on target:
Thanks a lot for reading.
Namaste.
Bitcoin can reach 9.5k USD if 200 MA is taken out or closed abovBTC looking for reversal here...if 200 ma taken out it can push to 9500 retest ...or else can drop to 8k ...but 8400 is support it bought some good buyers...The last buy is inverted hammer kind but got rejected...lets see...btc gives many suprises