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Bitcoin in 2020 near $20,000 again This year has seen a massive resurgence of crypto optimists. The 3rd halving that happened in May propelled investors into the market and the COVID-19 pandemic trashing the economies only added more credit to crypto currencies as an alternative investment to FX. The end of the year became similar to 2017 scenario as everyone jumped on the bullish train. The biggest news comes from the governments and Investment Funds around the globe showing more and more interest in crypto’s and taking direct steps to capture the market. China has seized £2.48 billion in Bitcoin as the nation continues to build its mining capacity and the recent move could allow Beijing to "dominate the global economy" of the future, according to crypto pioneer Max Keiser. They have done so through South Korea mining exchange and are giving clear signs that the Chinese government is seeing the potential of Bitcoin to destabilise the status quo of the US dollar. China is currently leading in Bitcoin mining, using cheap renewable energy and the vast resources to capitalize in this booming market. Effectively, China could already own 1% of all bitcoin on the planet. US Secretary of Treasury Steve Mnuchin is planning to make a new regulation regarding self-hosted crypto wallets according to reports from the White House. The Guggenheim Funds Trust, which has around $300 billion in assets, will invest over half a billion US dollars into GBTC (Grayscale Bitcoin Trust). They will become the largest company to date to buy Bitcoin. Grayscale Investments has $10.8 billion in cryptocurrencies under management, they are the world’s largest crypto asset manager. PayPal is now including crypto’s into its buying and selling options. People like Jack Dorsey, Paul Tudor Jones and other big names are putting more and more trust into the future of cryptocurrencies. Looking at the weekly chart of Bitcoin, we see great technical momentum reaching its peak point. This move was expected this year based on the 3rd halving that happened in May, signalling another jump in prices. The strength of the cryptocurrency market was demonstrated this year as even the global pandemic could not shake off the astounding trust investors have in crypto’s. The final push came from PayPal announcing Bitcoin buying and spending services. Now that governments are piling in as well, it only adds more fuel to the fire. A break and retest of the massive symmetrical triangle took us all the way to all-time highs and price is now consolidating before the next move. It is a welcome correction, giving us more content for proper analysis. Price pulled back around $3000 in a matter of hours, creating a big spinning top candle on the weekly chart, signalling consolidation even more. This correction was equal to $50 billion in market value of world’s cryptocurrencies wiped out. But price is nearing highs again over the weekend. Currently it could result in a bull trap, but traders appear cautious, it seems that maybe investors learnt from the 2017 boom and bust. Comparison to 2017 A serious case of déjà vu this year. In 2017 this is exactly how it started. A massive boom in November and all the way till just before Christmas saw Bitcoin price hit $20000 mark. The concern this year is that we are already close to the all-time high, so before Christmas profit-taking begins, we have enough weeks to make new all-time highs and then collect the reward. According to some industry specialists, current consolidation is a cool-off period necessary to make new highs before the year ends. Personally, I believe that we are entering an interesting period with economies being hit right, left and centre, but the stock and cryptocurrency markets showing the strongest rally. The Roaring 20’s of the last century had a similar flow to them. The dichotomy between cryptocurrencies and fiat currencies is greater than ever before. 2020 pandemic hit on the global economy shook an already fragile and heavily indebted financial system. Central Banks have been busy printing money, creating ripples for future inflationary problems that could be insurmountable. The current financial system has been circulating the drain since 2008 crash, and without radical changes, a fatal outcome is inevitable. This is where cryptocurrencies come in to potentially fix the system if the ruling parties find a compromise on how to regulate them. This is great news for all crypto investors since currencies like Bitcoin are here to stay. This will involve a lot of volatility, but long-term projections are certainly positive. Please support the idea and share your thoughts on Bitcoin! Good Luck and Stay Healthy!
BITSTAMP:BTCUSD
by Antonio_trader
4
Ethereum break up the simetric triangle and then confirmation!!! This it's a screenshoot of my own Elliot Wave analysis study and waoh, it's so nice. So, I'm learn that elliot wave analysis cycle and ABC correcton it's so important in the market to know it. Also as my own leaningedge I reccomend for you as for me to mark Daily chart to understand it. So, I believe that my own technical analysis based in it it's so wonderful, classic and so understanding both concepts. Ok, talking in the Daily chart, we are in the Elliot Wave #4 and soon, we would need to see any bullish impulse toward the $700 USD and then, maybe another correction ABC. So, I believe that Elliot Wave analysis it's so important to idntify any trend of the market. We're here!!! So, the most important for the H1 it's to hope a good confirmation of bullish cnadlestick to entry in the long position in ETH Details: 1. Position: Long 2. Lots: 3. Entry Price: $530 USD (waiting for confirmation to entry) 4. Stop Loss: $518 USD , 0.045 ETH to loss 5. Target Profit: $583 USD , 0.2 ETH to earn Remember my Ethereum plan weekly: 1. Starting with 1 ETH 2. Grow Up Percentage: 30% or 1.30 ETH (+0.30 ETH) 3. Risk Management: 15% or 0.85 ETH (-0.15 ETH) So guys, if you like this idea, please share this analysis with your friends, traders and more!!!
COINBASE:ETHUSDLong
by harisonhbn9718
Still Alert on Tezos for the next profits!!!Hello, I make this analysis on Tezos as trading idea for you. So, we see in Daily that Tezos was formed an bullish rising wedge, so I hope a bought approximately at $2.25 USD in the next few hours. So, I will going to continue following this technical analysis, at the moment, it's a trade!!! So, I decide to add a little bought of simply 500 XTZ. Notice one thing, Tezos it's a good cryptocurrency to invest in long term. We can to mark this 3 targets to reach in Tezos for our investments. Also, noticed that this proyect it's so curios and so unique in their kind that this crypto it's into my favorite for invest!!! So, I will going to bought 500 XTZ for long term as contract in my Quantfury App, at the same time that I have NEO and ADA in earning right now for hold by contract to multiply your trading knowing when and where to invest. So, it's all, if you like this idea, please get me a like and share this idea with your traders and friends. So guys, I dind't sell any crytpo because if you know, the new ATH wealth transfer it's comming in the next months. For that reasn, I invite you to know the Quantfury app, to invest in crypto as the same time make trading in cryptos. I invite you also to check my fundamental analysis of Tezos. Remember Tezos it's into my list to invest!!!
COINBASE:XTZUSDLong
by harisonhbn9718
THE BIG SHORT: BTC Shorts adjusting TP for a move down to 4kBTC SHORT TARGET ADJUSTMENT for 6:1 r/r opp 61.8% to 78.6 fibo level zone extended from 1st wave of correction from all time highs provides clear positive risk: reward play for a downside correction Short limit entries above spot prices (previous posts - preferably near theextended 78.6 fibo level short BTC at around $18,035) Stops above all time highs and just below the next big figure at $20099 Final take profit targets adjusted from just above the key $12,500 pivot and $10,900 for half a position each (previous post) to around the $4k level for a r:r opportunity greater of nearly 6:1 unleveraged For more info on my trading approach - www.fxtradermagazine.com
BITSTAMP:BTCUSDShort
by skoracle
8
Bitcoin is Going to the MOON!!Bitcoin has formed a Double Bottom Pattern along with 3 other confluences signaling early Moonish behavior. Price recently broke & closed above a key weekly level identified with the orange line. ($15979). Price is bound to reach the Double Bottom neckline, but before that happens I see a price shift to the inside of a Minor consolidation zone. A close above $16038 would be another indicator to a early bull run. This is my bullish bias for the week. I've set my Intraweek target for price point $16450. I Appreciate All Likes & Comments, So feel free to if you like or agree with this Analysis.
BITMEX:BTCUSD.PLong
by lobfxempire
2020/2021 BULL RUN PRICE PREDICTIONS (started July 27th, 2020)-Yurlo First of all, please do me a big favour and tap the like button or leave a comment on your bias for the rest of 2020/2021 👍 Second of all, this is not financial advice, just an idea i'm publishing to my tradingview for the bitcoin (BTC) community to see) We could easily still go to ATH's from here but we've pumped $6000 since the $10,500 break (historical resistance) which tells me the markets may switch the momentum/direction of the current trend to cool off before breaking $20,000 and finding support above starting a new cycle (or we have another bear market cycle) (bear market ended & bull market started) - July 27th, 2020 (previous all time high) - December 2017) Also last year on November the 13th/14th we seen a -$4000-$5000 candle before wicking back up (this is the next few days) which would be a healthy correction before breaking ATH's in 2021
FOREXCOM:BTCUSDShort
by Yurlo
19
Long Term FIB Channels on CHAINLINK It is not quite catching all the moves but these seem to line up with the medium to big ones. I was just trying to have a look at some mid/long term price targets, and I will be aiming to add to my position in between the $8.5-$9 area. Not quite sure about the upside but I think chainlink is very undervalued so I would not be surprised if it goes to anywhere between $48-$68, and yes I know that would be around (or more than) ETHs market cap but I think chainlink is a big deal and one of what I think of as the 3 big ones (BTC, ETH, LINK). For anyone to build something really useful on the ETH network, they are going to have to use LINK. Like going straight from your bank to a DeFi platform, or registering voter data on a blockchain so there is no question about the outcomes (just an idea), but it would have to use LINK somewhere along the way. I know it's not too technical but it wasn't supposed to be, just a way to spot potential points of interest.
COINBASE:LINKUSDLong
by TheManWithNoPlan
Bitcoin Cash could formed a double top!!! AlertBitcoin Cash show a strategic os supply and demand and so, we see that the price is turn bearish. In Daily, we supposted that Bitcoin Cash it´s can be to retest the $240 USD to then, entry in short position in the $257 USD. Also that Bitcoin Cash could want to retest the key support line mark in blue and we would need to hope 2 thing: the closed up of the Daily candlestick today and then, we would need to hope in H4 a validation for the entry in short position toward the $240 USD. Now, in H4 we see a possible formation of double top, it's so sorry that I can't to make a technical analysis on Bitcoin Cash, but If I did this analysis, I would entry in the $268 USD toward the $256 USD, in that point could be my target. But, right now, we see a good opportunity for short position. So, we would need to hope and be patience, I can't entry right now if Bitcoin Cash going to up a little to then, to have the possibility to form a tripple top, that could be another good point to take in noticed that and be cautelous with our trade quality, just I hope that. So, also that in H4 we see a bearish rising wedge and that could be an alarm that the price is weakness the boughts force. So, pay attention on this analysis and be patience to give us our short entry!!!
COINBASE:BCHUSDShort
by harisonhbn9718
4
Look Beyond The Chop — Momentum Is Building From the 2-day time-frame we see price consolidating above a key horizontal level with MACD turning positive. As each candle completes we move closer to the Ichimoku Cloud support which itself can help push price above the horizontal (orange line) ETHUSD's next resistance level is up at $450. A 20% move. We continue to watch for new BUY signals from high performing strategies on the SparksterSignals platform (link below) Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
BINANCE:ETHUSDLong
by Sparkster