Bitcoin Forecast Price until 2024 HalvingHi dear friend
i was looking at the charts for a while to figure at a pattern that mostly used for bitcoin it come with something strange !
bitcoin rises per halving splits to half, like first halving it grows around 8000 percent , the second one was given around 4000 gain and the 3th one should give a proximity around 2000 percent and so on ...
So if we look at chart after breakout on 2012 it tested the broken resistance right after it and after rejection , it make a "gap" between broken resistance and clime it way up to halving day and so on till price hit ATH
after correction to 200$ price , around 8 month before second halving it break a major resistance and right after it retest it again and create another gap between 300$ and 380$ and price clime it way up to new ATH at 19K ATH
and here is deal with lots of questions :
After correction to 3K price found it resistance at 6000$ and like the other halving times it breaks the 6k resistance and fomo didn't let the price retest right after it
and it takes about 5 month to retest the 6k and its DONE . Now price create a "gap" between 6k and 8k so we should just wait to price clime it way up to new All time high around at least 2000% from last broken resistance
i don't know we will be alive or not at that moment :)) but i think somewhere between 2022 price reaches the price like 100K very normally
So let me know what you think of this prediction , ill be appreciative
Halving2020
BTC into halvingIn view of global financial crisis (with stocks collapsing), I expect BTC prices to be relatively subdued going into March and slowly climbing back to $9.5k-$10.5k range towards end of march, for the simple fact we are very close to cost of production.
Using Satoshi's words:
“The price of any commodity tends to gravitate toward the production cost.”
As we are very close to cost of production, recession or not miners will be unwilling to sell any fresh supply of Bitcoin below these levels. So effectively the inflation rate will drop to 0%. The only source of Bitcoin will be retail which is simply panicking looking at the stocks crashing, which will be bought up people looking for bargains.
As we approach halving towards the end of March and into April, miners will refuse to sell any Bitcoin below $14k (the cost of production post halving), to keep enough buffer for replacing mining equipment just released by Bitcoin, which would cause the initial pump on the prices in April, as even with falling stocks and Gold, BTC refuses to drop, giving confidence to the folk that just sold right now to buy back in at higher prices.
Further updates will follow, if my above thesis holds, and BTC achieves the targets on the chart.
Bottom line people will be surprised by the relative strength of Bitcoin compared to everything into halving.
BTC ... here you can choose your path ... for me the black one!Hello team, been a while. Although I haven't posted in some time, I have been actively looking at charts.
OK, we are at an interesting juncture ... so I thought I'd post my grand chart to get your opinions.
Which color line are you counting on ... green, red or black?
It feels like we are on green, especially after that green candle today, you have to think that bull euphoria is setting in.
But unless we crack 11500 to 11800, I'm afraid there will be profit taking, and then the question is how much profit taking (ie the black line or the red line).
The red line assumes we are still in a big ABC correction that is still in play. Basically 20k to 3k was wave A, 3k to 13.7 was B, and now we are creating C ... down to around 2k (maybe even lower, some calling for 1k).
Personally, it's hard to believe that ... but we all know how whales can surprise us in this market. And some traders that I respect are convinced it will happen. So I will not discard this possibility.
I think the black line is the most realistic. It basically says since we hit 20k, we are forming a big ABCDE triangle wave ... this ends in early May, precisely when BTC is expected to half ... and you know what that means. So it makes sense that people that don't believe will be anxious to profit take at the first real sign of resistance (11500), but at the same time, I think there is enough people that believe BTC will print a new ATH after the halving ... so they won't give up BTC that easy ... so we sideways (which is a triangle wave ... the market can't decide really), until we get to the halving, and then we take off.
I'd love to hear what you guys and girls think.
Remember, only a fool sees one possibility.
Do not use for investment, trading, financial decisions. For educational purposes only.
2020 Halving Leaves Traders Golden Cross-EyedBitcoin refuses to leave the 10k launchpad from the 9.X resistance area multiple times. Positive sentiment leads traders into a trap. News of the "Golden Cross" and "The Halving" trumps all, but we can't all be winners. The promise of easy profit leads traders and investors into one of the largest bull-traps of 2020 so far. Bitcoin falls through the floor from $10050 to $8500 in the matter of days.
The question is, is it over?
Bitcoin Crash to $7600 | Zoom Out & See the Big PictureCommon Sense is required to Understand this Idea.
It's S*it Easy and Simple.
MACRO TREND
SHS indicates a Fall of 17%
ISHS with Shoulder Support at 7600
200 MA @ 7600
SHS is exactly supporting ISHS Support Level. Where, 200 MA is co-inciding this zone.
$7600 is the Bottom before Bitcoin Halving.
Micro Trend
Price will test $7600 in a AB=CD Pattern
Long from $8300 to $8700
Short from $8800 to $8000
(NFA/DYOR) BTCUSD: Remember the bigger picture. I have not yet seen anything that justifies sh*tting one's pants, unless something truly serious unprecedented happens, like breaking below the 200 week simple moving average (shown here in a lovely blue), which we have tested in the past but never broken. After each halving, we have ALWAYS set a new all time high. I personally haven't seen anything convincing that says institutional interest and overall interest in bitcoin and cryptos as a whole is going down any time soon, and the rate at which new bitcoin is issued only ever goes down, not up (hooray for controlled supply). If the concept of supply and demand is to be believed, then what does that tell you?
BTC, Halving and the 200MA-BTC could bottom, as usual, on the 200 weekly MA - before, during (on the same day) or shortly after halving
-Halving is over-hyped socially, but no one will FOMO or market buy BTC just because of it
-Daily oscillators look like they want to go down
-Volume is decreasing
-Halving would bring volatility, so a quick dip to 200 MA could wake bulls for the start of new parabolic run
-Halving could bring nothing, so many could sell shortly after it due to lost patience/hope
BTCUSD Breaking the channel or to Wave 5 ?Short term:
The price is touching the rising channel support,
If it breaks one mid-term level down Target: 8300.
If it continues we'll rise one mid-term level up Target: 12000.
(i'm playing this on either side's breakout, using the opposite side as a stop-loss.)
Mid term:
We're in an uptrend before the halving, if the past is to repeat:
We will see a correction around the halving, bringing BTCUSD back near the long-term rising support.
Offering relatively low prices in a Long term perspective.
In the past the price sticks near the long-term rising support line:
This would be a good time to switch to a strategy that is LONG biased.
EG. mid term RSI with big longs and small shorts.
Long term:
From its Higher low to new highs, negatively correlating with the upcoming 2020-2021 Financial Debt Crash.
Going up to 50.000? 100.000? Who knows, it all depends on the values of BTC and USD
View on other timeframes : Bitcoin / U.S. Dollar (BITSTAMP:BTCUSD) (Temporary)
Projection for Bitcoin before/during/after the Halving.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 projected based on the "thirdening" that in the next bullrun after the halvening BTC will rise by "only" aprox 1000%. This puts it in the 100K range at the end of 2021.
in the time leading up to the halving i have projected price to be around 12K at the time of halving. This is based on the percentage increase btc has made in the previous run-ups to halvings. going up by 393% in the first and 412% in the second.
notice!
I am not a professional and none of this is financial advice. I merely found a pattern, that does not mean that this pattern has any validity and will continue.
because this is a pattern that (imo) could be spotted from outer space, there is a great chance someone else has seen it too and/or posted about it. that does not make this "stolen" nor does it make any future posts from others "stolen"from my ideas. have fun
END OF BEARISH MARKET???Hey Guys A blessed Day!
WHAT ARE WE LOOKING INTO?
- we are looking @ 1D Chart where BULLISH DIVERGENCE occurs. StochRSI shows the Higher Lows from February 4th - 19th indicating OVERSOLD, Wherein Price Action shows in the same dates Lower Lows.
- on the 18th of February MA50 crosses above the MA200 indicating GOLDEN CROSS
- Starting January 2020 the Market shows in ASCENDING CHANNEL/ UPWARD PRICE CHANNEL
- Price Action above Ichimoku Cloud as important Resistance/Support Area
- Price Action above MA's 50 & 200 and EMA'S 50 & 200
- May 2020 is the 3rd Halving
As we mentioned the Bullish Divergence occurrence, Wherein 4th of February onward established strongly the 9050$ STRONG RESISTANCE in the Bearish Market to become the SUPPORT KEY.
Last Bearish Candle @ 19th of February after the GOLDEN CROSSOVER creates a MASSIVE & WEIRD MOVEMENTS where FUD & FOMO in the Market occurs, Wherein indicating unpredictable Market Trend.
But what exactly happens?
PULLBACK & RETRACEMENT
- Starting January 2020 we saw UPWARD MOVEMENTS after the BEARISH MARKET OF 2019 from October to November (Until December creating double bottoms and H&S pattern that indicates the Reversal)
- So it is clearly and rightly that the Market will show us CORRECTION & PULLBACK.
What's NEXT?
Remember reading Chart and Patterns using all Indicators and Oscillators must correlates with one another.
Creating Technical Analysis must be at hand wisely and careful, expressing our thoughts in the Market Trend is just what we relate and how we understand the Trend.
NOW, We are seeing a Bullish Divergence with the Doji Candlesticks looking for a REVERSAL.
First, I encourage everyone to DYOR if you want to Trade for LONG and support my Analysis. Better understand the Market Trends.
BEST BUY ZONE to set Order to go LONG @ 9100$ - 9600$
Remember:
1. Trade with a Plan
2. DYOR
3. Make your own Analysis
4. Do Make Capital Risk Management - do not put all your capital
5. Have a Risk Control Management - set STOP LOSS during Trades minimizing your losses
6. Trade Wisely & Emotionless
TARGETS: REMEMBER THIS IS A LONG TERM TRADE
TP1 @ 10500$
TP2 @ 11600$
TP3 @ 12800$
TP4 @ 14000$
SET CAPITAL MANAGEMENT @ 10-20% OF THE CAPITAL ONLY
STOP LOSS @ 30 - 50% losses
Put TRAILING STOP and adjust from time to time to secure gains.
This is my TA if you support and want to use it on Trade kindly have you own research first.
Thanks for reading.
GOD BLESS!
:D KIKZBTC
PS: Kindly hit LIKE if you support and agree with my idea it's a form of thanks to me, encouraging me to have more TA and do more well in the next.
For more updates and TA kindly FOLLOW my TRADINGVIEW Account.
Bitcoin: Quit playin' games with my heartQuick comparison here between BTC/USD and LTC/USD. This comparison takes LTC's halving-price-action into consideration.
I would actually prefer this to be wrong so I'm just throwing it out into the universe/tv-land.
This one honestly doesn't take into account the possibility of impending global supply chain doom followed by moonshots of safe haven assets - maybe it should?
-Fractal forecast nonetheless
as usual, this is not financial advice ;)
Bitcoin Cup and HandleBitcoin is about to break out bullishly from a four month cup and handle. This price action would coincide nicely with the halving in May of this year. A bullish breakout from this pattern could bring us easily to $13,000 (as the low of the cup was around $6,500, about $3,500 difference from where we are today). I expect, however, that bullish sentiment regarding the halving would push us beyond $13,000 at that point. It would also be similar price action to what we have seen leading up to previous halvings, where we have approached the previous all time high near the halving, fell, and then rallied to new all time highs 3-6 months after the halving.
Bitcoin Halving cycle - path to 100kIn 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 from eroding the purchasing power of the coins.
If this market is cyclical, which I'm pretty sure it is, then this chart can show us the Bitcoin's way to magical $100,000 (which could happen before 2020 ends).
Let's see if this ages well, or no :-)
BTC 15K by HalvingFact 1: Post halving, Bitcoin miners will continue to reap profits, only if BTC hits a price range of $15,000 (give or take).
Fact 2: Bitcoin will have to follow either path A. or path B. to the halving target (both in terms of time and price).
Fact 3: Bitcoin looks out of steam now (even after the short squeeze that took place 2 days ago )
Conclusion:
One way or another BTC will reach that price, cause I do not see the industry failing.
The question is, which path will it follow ??????? :
I choose path B.
Leave a comment voting for the path you favor and lets see if we can crowdstorm the outcome.
Bitcoin's Coded Economic Cycle...Trust the Code, Not the Banks!In 2018 CIA asked, What is the cause of "Bitcoin bubbles?"
Were these speculative bubbles like the o so popular tulip bubble!? NO! Tulips never came back to set new all-time highs...
After years of mining, networking, gathering data, and analyzing that data CIA can confidently answer the proposed question.
The cause of "Bitcoin bubbles" is not speculative. Speculation is a result of aggressive supply shock price action and typically does not even take place until after the halving.
Referencing the Wall Street Cheat Sheet - Psychology of a Market Cycle, speculation kicks in between the points of Optimism & Euphoria which is halfway through the bull cycle.
The non-speculators (HODLers) who were able to dollar cost average through the accumulation, expansion, and re-accumulation phases reap the real rewards.
This data produces actionable intelligence based on projections which heavily weigh historical performance and data. Only time will tell...
Learn more in the CIA Special Report: CRYPTONOMICS