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Halfing2020

Possible Explosive BTC Movement at 2020 Halfway Point?There are quite a few ideas mentioning how the monthly candle will be closing today (in about 50 minutes), but what people aren't mentioning that the 1, 2, 3, and 6 month candles are all closing. On top of that this also the exact halfway point of 2020. Last July 1st the price opened around 11,139 and the lowest point of the day was at 10,396, nearly 10% lower. This isn't to say that the same price action will occur, we are at a significant closing of the year, and as a result we may see some high volatility going in either direction. Aside from my price conspiracies, take this moment to consider where we are in Bitcoin's history. We are halfway through 2020 with the price currently sitting just above 9.1k. That's pretty good for magical internet money. Some of you may feel that you joined in too late (I certainly do), but in 5 - 10 years when we all have lambos and financial independence (whichever comes first), we will get to say that we were in the market during 2020. No other year will look as cool and futuristic as 2020 for a while. We are all trading in the market of the future and we should all feel cool about it.
by boring_reality
2
Expecting Next Top $17k April 16 - HalveningAdjusting projection for spring/summer top due to fact that halvening will affect it. Previously in 2016 there was a big peak 22 days before the halvening and lots of opportunity to get in at lower prices. Using ghost bars also maps to about the same $17k price I had before. I am expecting a parabolic move up into the mid teens and will be scaling out a bit. I will only somewhat attempt to catch the top but mainly will be getting myself positioned to catch the post halvening dump. I'll probably catch that with leveraged positions from the start rather than using 1x then scaling into 3x after price confirms my trade. June 16 will still seem a little scary for me to hodl through it but I think that by navigating through the halvening chop I should be OK to survive a bit of drawdown mid summer. I think this year is going to end with a roar and I want to be fully long for it.
BITSTAMP:BTCUSD
by mljones
LTC Peaked 44 Days Before HalveningLooking at how LTC responded to its halving to plan for the 2020 BTC halving. BTC previously peaked 22 days before its halving but LTC peaked 44 days ahead of it. This suggests that halvings are getting traded away at a faster pace and it might be harder to select the exact date. The megatrend indicator seems to have been doing a pretty robust job of trading around these events and allowing you to improve your cost basis by probably 25% to 35% better than hodling through it. It also allows you to not have to sweat through a lot of chop. The 16 week donchian channel also does a decent job of getting back into the trend at a lower basis than hodling. I will probably use 3 or 4 strategies to scale into and out of my position around this event on BTC so that I am not putting all my eggs in one basket and risk the crypto market taking off without me. I think there is a huge parabolic move in the works to well above $20k on btc and I want to be in it for that, but I don't want to have to sit through a 70% drawdown to do it.
COINBASE:LTCUSD
by mljones