Bitcoin is currently standing between the weekly open and monthly open levels. Quick analysis of the levels anticipates the following levels: March Open - 8523 April Open - 6412 Weekly Open (20 Apr '20) - 7121 Yearly Open - 7195 BINANCE:BTCUSDT In case of a candle close above 7450 - 7500 it is quite certain to expect the next zone at 7600 - 8100 to act...
This chart shows us the Bitcoin pre & post halving behaviour prediction. Right now Bitcoin is sitting on a support trendline and could re-test previous resistance levels. First it should break "key resistance" so the bulls could place their orders more confidently. And after that we have a major resistance which could be eventually broken too (due pre halving...
Bitcoin Halving Analysis & Predictions So, in this analysis we're going to try to predict the price of Bitcoin against the US Dollar for around the 12 May (on the 3rd Bitcoin Halving Event!). We're also going to try and predict the future price of this asset through to the 4th halving event in 2024 - these predictions are based on chart analysis of BTCUSD from...
Sup traders Bitcoin is testing the 6k level as well as showing some hidden divergence. Are we about to see bitcoin rally, or is the coronas virus or other current fundamentals push it lower?? We will have to wait and see! As always, keep the risk managed! Cheers :D
So many different opinions right now. How to decide what to do? We are in so called no-trade zone, impossible to predict the next movement. Rise or fall, nobody really knows. Majority of laverage positions were REKT already, more to come, I'm sure about that. So as a trader, back off & observe the situation. Whitin a week or two the new support and resistance...
Sup cryptomaniacs From what I can see, bitcoin is setting up for a long, its a level of demand/support. Ill be watching this closely! As always, keep the risk managed. Cheers
Chart speaks for itself, 12k first target
Very simple analysis of what btc has been doing in the lead up to the previous 2 halvings and a projection based on my findings. notice that after the first halving btc went up by 9200% and after the second "only" by 3200%. which would be roughly a third. i understand that Bitcoin halvings have not occurred often enough to gather any real data. therefore i have...
Ticker: LTC/USD Position: - Long 15X LTC - Buy up to $82.00 - Exit = 2 closes below weekly 21 ema - Initial target = $100 - Will look to sell a portion of the position when possible to make this a riskless trade (will consider this at 33% gain) Rationale: - Bullish moving average cross over - Bullish MACD cross over is occurring - Trend has shifted to...
Once again we are checking to logarithmic Bitcoin chart. We see two mayor resistance lines. Once was broken in the middle of 2019 spring which brought us significant price surge and the second resistance that holds from 2017 still holds. I think bitcoin will retest that RL again and probably won't brake it. Not just yet. So we can see a slight drop to a most...
Just extending and updating my current perception
Adjusting 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...
Looking 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...
In this idea we see where it all begins. With 2016 Bitcoin halving in July (shown by upright line on the left) After 2016 halving price dropped a bit, and then wen't fully parabolic. This spring again the same event will occur, the halving. Bitcoin rewards that go to the so-called miners that support the coin's network drop in half in order to prevent inflation...
Recent milestones: -tested the previous high to finish the cup @ 10400 -passing into golden cross zone with the daily 200/50 MA -Currently in pull back, looks like an early cup n handle formation Trading strategy: scale into a long position after we find a handle bottom Conservative strategy: wait for the handle to finish before taking a position quickly If...
Currently at a support level could mean a good buy opportunity.
Dear traders, Im analysing more and more alts right now because the bottom is definitely in. They are showing a nice reversal pattern. My expectation is that LTC and other alts can go parabolic in the coming week. I think there is more room to grow to at least $150 dollar before the first big correction. The signals that are coming up right now are similar to...