A mathematical price for bitcoinDisclaimer : I am not a professional. But i have been calculating bitcoin price. Below is the tentative value of bitcoin, considering the value is ranging between 7-8K.
Purple line is 50 weekly Exponential Moving Average and Red line is 200 weekly Exponential Moving Average.
Green line is tentative value of bitcoin.
50 Weekly EMA is starting in dec end and would keep going up in April of 2020.
200 Weekly EMA is starting 4 yrs ago where the value was around 350$ so red line direction would be up.
If the demand remain the same , after the halving bitcoin would skyrocket in first quarter of 2021.
I see buying bitcoin at around red line is cheapest. But if you would ask me , I would be buying now.
Cyrptocurrency
KEYUSDT forming bullish BAT | Upto 12.5 percent bullish movePriceline of Selfkey / US Dollar is forming a bullish BAT pattern and soon it will be entered in potential reversal zone.
Do use the potential reversal zone as stop loss in case a candle stick closes below this PRZ area.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.001632 to 0.001603
Sell between: 0.001701 to 0.001804
Regards,
Atif Akbar (moon333)
ETH, anothe big triangle in weekly chart, big move soon?HI, guys, another gloomy day for cryptos.
market continue the sliding torture, repeating pattern of last week. Bitcoin drop to 8000, which clearly is a key resistance level. ETH suffer less but show no vigor in the chart as well.
In the weekly chart, it looks like ETH is slowly sliding to the range between 160-165, which acts as a key supporting trendline in the broad picture. At the same time, over the last few months, ETH has staged two major rally in September and October. One can't imagine what happens if the key supporting range is smashed.
The weekly chart also shows a very big triangle is forming for the moment, and price stagnation, closing to the end of the triangle, will soon decide whether the big move is up or down.
ETH USDT FIRST TARGET $220 MACD RSI STOCK RSI SIGNS !There are couple of good buy signs for ETH USDT in daily charts. Let me explain my reasoning below with the indicators I am following and expected targets in the coming days :
MACD
The indicator continues to be bullish for the last 7 days
Squeeze Momentum
Squeeze started turning to green which is showing a potential upwards trend start
STOCK RSI
Fast line is about to cross up
RSI
RSI is pushing above 50 and 12 day EMA of it is in upwards trend !
I expect in the next 10 days $220 target price will be reached which is about 18% profit chance