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BTCCNY

BTCCNY: Long term uptrend en routeThis is what the long term picture looks like for Bitcoin right now. We have now hit the Range Expansion validation target, which confirms that bullish momentum is intact, increasing our confidence in the forecast on chart. There are two targets, one with a high probability of being attained, of more than 60%, and one with lower probability, but still more than 50% chance, and a high probability reversal level on both cases. Once we hit the targets on chart, we could see price stall, or reverse back down to 2955.01 as a worst case scenario. We will be able to determine which will happen, once we reach those levels. If we see price stall, then bullish continuation is more probable, and with detailed multi timeframe analysis, we will be able to add to longs safely on each short term and intermediate term setup that the trend might give us. Don't pass on these low risk opportunities I present to you. I have been covering this extensively, so that people can see how well the trading methodology I learned from my mentor, Tim West, works in Bitcoin. I won't necessarily cover it in such detail in the future, this will probably be my last chart for the year. Next year, I might post updates to it, but not post so many trade setups for my followers. If you're interested in receiving all my trade ideas, contact me for access to my trading signals or private tuition course. Good luck, Ivan Labrie.
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by IvanLabrie
4
BTCARS: If in Argentina, buy some Bitcoin each monthIf you have saved money in metals, dollars, or stocks, you're in more or less good shape relative to the peso, but, Bitcoin will outperform most other markets, and will be a great store of wealth, for at least 15 to 30% of your wealth. You can save each month and add to your positions in BTC, or simply allocate some of your speculative resources to it for the long term. If we get any kind of correction we can add to it, but it's likely to keep trending higher and higher, so don't miss the boat if you haven't bought in yet. Good luck, Ivan Labrie.
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by IvanLabrie
6
BTC is a new goldWith reaching price of BTCUSD to 1k, now we can say that the btc is the new gold(When you serach btc in google you see a gold pic at first result of it. wow it's amazing). Some says that there is a bubble in btc, but truth is btc mostly used on the Internet and even used for escape from taxing in China, India or even in America. I think with this situation goverments should change their policy about blockchain. Anyway until that time if you stored some btc before, you can enjoy now and celebrate new year with btc. And if you don't just try some altcoins like DASH or Monero. Have a good year
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by Alireza
BTCCNY: 3 day timeframe sentiment analysisIn this chart I show you how RgMov tells me how far corrections in an uptrend can go. In the case of Bitcoin, declines of 20% in RgMov, set up a great buy after sentiment peaks before the market runs out of sellers, and thus, turns into fertile ground for a reversal to the upside. Since 2015's low in RgMov, the trend has been largely up, making any sizeable decline, an interesting buy. My posts have been mostly buy trades due to this fact, since I knew we would see prices climb back to all time highs over time. If you have been following my trades lately, you should be in good profit, and like me, holding a core long term position, of coins we own, and some cash to be able to add up to 80% account when needed. We often rebalance the position, switching back and forth between max and minimum exposure, but always keeping some, at least since the Bitfinex hack lows happened, when it was clear the long term charts were 100% bullish. Good luck and hope these observations help you. Cheers, Ivan Labrie.
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by IvanLabrie
3
BTCCNY: Weekly updateI'm envisioning a rapid acceleration in BTC as we ramp up over the all time high. Many have been awaiting this fo ages, most haven't believed the rally to date, and still don't, I'd assume most think it'll make some kind of double top and drop, judging by the amount of top pickers getting stopped. What is the current concensus? We have some whackos showing up and calling way higher prices again, but I'm not too worried since we have a legit trend this time, and solid price action for now. I'll hold my long term position and will be ready to add to longs if we get a viable short term or intermediate term trend continuation setup. My signals clients will receive the alerts first hand, and all the updates for this and Ethereum. I'll post updates and new charts here, but I won't make such a detailed coverage as last year, where I pretty much gave a lot of stuff away. If anyone has been following me, they should have made a considerable amount of money with Bitcoin. If you did, leave your comments below, I'd be glad to hear what everyone thinks now too, since we're in almost uncharted waters! Happy new year! Cheers, Ivan Labrie.
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by IvanLabrie
48
BTC and the fundamentals destroy the technical analysis by luck!The new year starts memorably for bitcoin and all believers. 1 BTC: USD 1000.- However, bitcoin price in China is already above $1000 in its equivalent in yuan, with trading price streak beyond 7,100 yuan (approx. $1022.35). A few exchanges, including the likes of Coinbase and Bitfinex have notably seen price cross $1000 per coin. The continuous devaluation of the Yuan, the assumption of Trump as president, added to the FOMO and the good FOMO, with the excellent Momentum that shows the market, seem to devastate any kind of TA. The news that is really coming up leaves us lucky, this time Mr. Elliot on one side. As I write this idea the King continues bullish USD 1,011.00.- breaking the 5th wave of USD 959.87.- Thanks for following and likes!
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by AndresThomasShirakawa
BTC and ETH: Time for ETH to catch upI think we can get a retrace or sideways range in BTC, or simply a way faster rally in ETHUSD compared to BTCUSD, which would bring the ETHBTC pair up more than 100% probably. I'm in a position with avg entry at 0.00805 in ETHBTC, and looking to add at 0.0083 and 0.008 next. I aim to have a 15% exposure in ETH, as well as a 15% in BTC while this rally lasts, then to revert back to BTC after we top in Ethereum. The fundamentals are still uncertain but after the next update is out, we could see renewed interest in investing in this instrument. For now, it's not too popular, but it has good liquidity again, and some interesting moves, as well as a fantastic spread, so it is worth a try here. Good luck, Ivan Labrie.
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by IvanLabrie
1000 USD per BTC: 7000 cny per coin should hold for a whileAt least until the next PBOC devaluation comes (and it is likely to come, specially after the Chinese New Year), I see 7000 per coin as the price Bitcoin will hover around for a few weeks. This coincides with catching up to USDCNH, if we divide BTC's price by 1000. I reccomend a 15 to 30% long term position in Bitcoin, you can rebalance this periodically, or add funds as your net worth increases each month, with your money destined to savings. Let's keep an eye on prices and the activity leading to the 28th of January. It is probable to see some kind of sideways action next, so, I'll be looking to profit from short term weakness if it happens. Else, I'll just hold long term longs in place and wait. Cheers, Ivan Labrie.
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by IvanLabrie
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