BTCUSD Bitcoin Break Out!Bitcoin USD has broken out of this bearish pattern of the lower highs and lower lows, support has been established at 9507 this is where a bottom has been set on the 4 Hour chart where we had the breakout. And on the daily we have also broken out with a green candle on the daily.
Btclongterm
#BTC # 1H # binanceWe are testing the shelf at $ 10,700 - $ 10,600
Provided that the shelf stand, let's go test up)
The idea that the asset is going to overlap the gap is still active, the upper point of the gap is $ 11,700
In the closed channel have already identified levels, the buyer and sales.
How to join the Vip channel? write to admin for details: @tradingroommmm
How to predict the future with fibonacci
My name is Atanas Gaydarov, and I will present you my theory with which we can determine the future of the numbers of Fibonacci.Today I will introduce you to my theory right here and now! We have Fibonacci numbers and you can all see them on the white color chart. They accurately represent the Fibonacci gold line. Once we know the numbers and the lines let's do the following calculation.
Fib.numbers / (past calculated number)= future
F2/F1=F1,5 - Which means that we need to look for the number 1.5 of the Fibonacci sequence. 1.5 is between line number 2 and line number 1, indicating that the price will go exactly there after the calculated calculation.
Fibonacci's numbers in mathematics form a series that is recursively defined in the following way:
F (0) = 1
F (1) = 1
F (n) = F (n-1) + F (n-2)
It starts with 0 and 1, and each successive member of the row is received as the sum of the previous two. The first numbers of Fibonacci are:
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, ...
If any of you are trying to calculate all the possibilities it is possible to understand the maximum price of Bitcoin!
BTC Project 2019, P02, E05 UpdateJust updating the chart from the previous DRAFT (link > )
Overall Conclusion:
I'll keep this short as its late where I am.
We are not done yet and more highs to come.
Below are snapshots from different perspectives that will replace my commentary for now.
Cheers
SS
HRLY Chart
Current (possible) formation, bullish.
CUP still in play
4 HRLY Chart
DAILY Chart
Targets also supported by fib. circle, fib pitchform, EMAs and previous support\resistances
Refer to the RSI for additional support
Short BTC $8300 was topAll my data shows that the last 2 days gains were all beneficial to the act of increasing how low btc can go quicker and all of the timeframes 30m to 1 min have already confirmed they are pushing price down. We could still be going up short term since the 1hr-6hr still show me they are going up but it has not been long enough for them to change yet this is the early likely call to short. 12hr and day have said we hare going down for a long time, the others change and say we are going up because those smaller timeframes have to correct much more often but until weekly corrects the longterm is down but I'm pretty sure we wont see a price above $8000 again for about 3 months once we below it so open shorts now or soon. I see a possibility of closing weekly in the green but a very small one but the following week would guaranteed be red and close to $6900
For anyone new my targets are still $5000 minimum $3000 maximum with a expected $3300 low which i am basing on current charts and info but if u look at my March post you will see back in march i predicted we peak near end of may and fall to $3300 by August
BTC short short term, long long termpredicting a short crash to total the 30% pullback we have all been patiently waiting for to regain a healthy market. with this last dip towards the 0.382 FIB (fib lines drawn from bottom at 3100$ to top around 9100$) , we will likely recover on our previous trend line that was started April 1st, before we went parabolic in May. IF this line fails, I see a dip to the 0.5 FIB, then we will catch my lowest upwards trending line from the bottom of the market through April. If that fails, start shorting bitcoin like a savage because its over and this was the biggest takeout we've seen in quite some time. Honestly I don't see a fall for longer than a day below 5600, and wouldn't bet against a break of 6000$ to be honest. My prediction is a drop to 6200-6800$ then a nice slow recovery that is healthy and grows for all of us for the next 6-12 months. THEN, once this build up is above our previous ATH, we will go parabolic towards 50-100k in 2021-2022. Really this analysis is mainly about the fall to the 6000's and getting support there and coming back up. Thanks guys and good luck. If you only use binance or other non leveraged brokers, sell into tether or TUSD or whatever stable coin you want. IF you use bitumen, kraken, etc, I would do some TA and think about a short term short position
BTC price prediction next week, next month, 3 months.BTC is well overdue for a correction. I see us "barting" again all the way up until we close in on 10k only to get rejected. Too many people want to take their 3x profit from their 3.5k-4k buy ins. Also, this trend is too parabolic and needs a 30% correction. after that is complete, we will have had a healthy retracement that sets us up for a REAL bull run. If we don't stop and consolidate, this run could be over before it started. Im hoping for this believe it or not and I'm a bull. let me know what you think of my ghost feed.
BTC forecast based on 2014/17 trend, very much alike?Like many, I wanted to know the answer to these 3 questions:
a) Were is the top to this current trend (as we are expected a pullback, but when)?
b) What should I expect when this trend's run, top is reached?
c) Are there lessons learnt from the past to apply for the now and the near future?
Hence why I looked back into the 2014 to 2017 cycle.
Right now, I see BTC fluctuating in a range, not wanting to go down and not having enough to break new highs as well.
So can the past help to determine what is next? Surprising enough I found many similarities to the present and I will attempt to demonstrate the similarities.
The similarities are astounding however one has to except a number of assumptions.
Assumptions:
1) We have the 6400 drop equivalent in 2014, as per Nov 2018;
2) We acknowledge that we had the bottom for BTC in Dec 2018;
3) We have a reversal trend, bullish since April 2019; price above the daily 200 ema for 8 weeks + gold cross, etc
Thoughts:
1) If we have a drop from the current price, the next level of support is the 7500 range, but it will not hold long;
2) If the 7500 range doesn't hold, the 6700 range will not hold long either;
3) A drop to the 5800 to 6300 range will hold as it is a strong support line;
Observations:
Note: Pay attention to the fib levels and the resistance lines and key markers in coloured circles.
2018/19 Chart: and compare it with 2014/17 chart;
Going from left to right on the chart.
a) We have a cliff drop, Nov 2018 (as per red dot marker) at the 6450 range. This looks similar to the August 2014 drop.
Both levels are the catalyst for the bottom (2nd red dot) and have similar attributes such as extreme price drop in a short time, high volume, and RSI at extreme bottom level.
In late 2018, then after we have never had a price lower than December 2018 till this day.
Some say we reached the final capitulation at this stage.
b) The bounce. Both charts have the bounce (blue line) from the bottom to almost reach the same level in terms of fib. levels, between 0.618 and 0.786 as per diagram.
c) We see this as also a trend change from bearish to accumulation period there after. One can argue that this period known as capitulation is followed by accumulation.
d) We note that in 2019, we searched for the bottom what seems once, were as 2014/15 it was twice.
e) We have the trend change confirmation line tested twice with both periods, marked by the black circle.
f) The breakout line of accumulation is represented by the blue circle on the blue line. They occur at the same fib. level from the main drop price.
g) In April 2019 we had a upward accumulation channel, in late 2015 to May 2016, we see a pattern that can also be seen as an accumulation channel, where both result in an upward break.
The green circle represents the fib extended level, matching both charts as well near 0.382 (purple breaked lines). Same method applied to both charts.
h) Similarly the fib. extended tool applied to find the next high, represented by the yellow circle. Just a bit of a difference with 2019, its slightly higher projection compared to 2016. Not much though, even though we are
searching for this new high today. If one is to assume we have it, then both charts match this characteristic as well.
i) Moving to the rest of the chart forecast, I applied the fib retracement and extention as per 2016/17 to forecast the new levels which are represented by the black impulse lines and their respected resistance levels and support.
To me this doesn't seem far fetched and makes sense. Lets see how we track against this in the coming months.
Enjoy,
Please place a like if you appreciate this effort.
BTC 2014/2017 Chart >
BTC 2017/2019 Chart >
BTC's Stairway To HeavenThere's a lady who's sure
All that glitters is gold
And she's buying a stairway to heaven
When she gets there she knows
If the stores are all closed
With a word she can get what she came for
Oh oh oh oh and she's buying a stairway to heaven
There's a sign on the wall
But she wants to be sure
'Cause you know sometimes words have two meanings
In a tree by the brook
There's a songbird who sings
Sometimes all of our thoughts are misgiving
Ooh, it makes me wonder
Ooh, it makes me wonder
There's a feeling I get
When I look to the west
And my spirit is crying for leaving
In my thoughts I have seen
Rings of smoke through the trees
And the voices of those who standing looking
Ooh, it makes me wonder
Ooh, it really makes me wonder
And it's whispered that soon, If we all call the tune
Then the piper will lead us to reason
And a new day will dawn
For those who stand long
And the forests will echo with laughter
If there's a bustle in your hedgerow
Don't be alarmed now
It's just a spring clean for the May queen
Yes, there are two paths you can go by
But in the long run
There's still time to change the road you're on
And it makes me wonder
Your head is humming and it won't go
In case you don't know
The piper's calling you to join him
Dear lady, can you hear the wind blow
And did you know
Your stairway lies on the whispering wind
And as we wind on down the road
Our shadows taller than our soul
There walks a lady we all know
Who shines white light and wants to show
How everything still turns to gold
And if you listen very hard
The tune will come to you at last
When all are one and one is all
To be a rock and not to roll
And she's buying the stairway to heaven
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This is just lyrics from the Led Zeppelin. Not a trading advice
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BTC/USD Bearish Case!So as you see here 50 MA weekly holds resistance right now and in past we couldn't break it in first attempt which pulled us back to 200 MA weekly. I'm not saying that history repeats itself but it can rhyme so be ready. I have tried to put as simply as possible both cases here is the link to bullish case.
DYOR It is not a financial advice.
Price zones of BTC for next 4+ monthsThe charts basically speak for themselves. You can see very clearly when the 200MA becomes resistance in 2018 on the weekly chart and the 50MA becomes resistance on the daily chart . The labels in blue are from the daily chart while red arrows and text are the weekly labels.
We made a golden cross on the daily chart today which means we should of hit the peak price today and everything will be down from today until the 2md golden cross happens on the day chart. The main cause of the downward movement is because of the 200MA on the weekly timeframe being at $4480 and dropping.
In about 3.5 months when the 2nd told cross happens on the daily chart , the 50 & 200 will also almost meet on the weekly, switching the 50MA on the daily back to support from resistance and switching the 200MA on the weekly from resistance to supporting with the resistance removed it's nothing but up for the next 2 years.
The top chart shows the daily chart of how it happened in 2015 and the bottom chart shows the view of the same thing happening now. I don't know how to add a different chart so you will have to switch to weekly on your own to see what the moving averages look like on your own.
We are looking at a fall to $3400 to $4000 range where we will stay for 3 to 4 months if it plays out the same as 2015 time wise it took exactly 2 months for the death cross to happen after the first golden cross that happened today and then 6 weeks from the death cross till the 2nd golden cross which happen when BTC is already halfway up the hill
Bitcoin will hit the MA 50 like a wallBTC just touched the 50 Moving Average on the Weekly chart (more relevant) and retracted quickly.
As of now it doesn't look like it has the "umpf" to go above it.
We will see in the next days.
My personal feeling is that the bulls need to regroup at this time as more buying power can be gathered at lower prices.
This is not trading advice, just my personal opinion.