BTC To $17k In 2 Weeks?This is not financial advice.
All of the information I have to show is displayed on the chart. For some clarification to what I'm pointing my finger at - There is an odd coincidence between Peaks 1-2 and Peaks 3-4 that I raise an eyebrow too. They were both 32 weeks apart and had almost exactly half the % gain in comparison to each other. That's odd enough on its own, but to top it off they're both aligned with the halvings pretty perfectly.
Now if this were to repeat it would need to happen quickly, and most of the bullish scenarios would be drastically underestimating how Bitcoin is about to move. I am by no means claiming this is certainly going to happen though. I'm just looking at what the chart would imply is going to happen if history repeated. Even for BTC it's a stretch to think it would move that high that fast. We would see it at roughly $17-$18k by February 9th to match the 32 week bar and 112% - 56% - 28% difference.
I am keeping it in the cards regardless of my optimistic or pessimistic outlooks. I want to see us a week or two past that 32 week mark before I'd pull it.
Halving2020
$BTC above the 200MA on 1D !!!! It's time guys! $BTC above the 200MA on 1D !!!! It's time guys!
We are getting great momentum here. If BTC closes the daily like this we will be having 3 white soldiers formation which will only add to the bullishness. Hold your longs and have fun! THE Halving is only a few months away!
Bitcoin - Path to the Halving!My predictions do quite well so it's worth your time to keep this chart around. Here's my last one from November. -->
As a basis for developing this chart, I used the historical price action of Bitcoin before the halving, in conjunction with fundamental analysis of things like the growth in wallets, Hodl %, hash-rate, difficulty, new code updates upcoming. As well as things like retail growth through in GBTC (Grayscale Bitcoin Trust Co), which had a year so good in 2019 that they brought in more money than 2013 to 2018 combined. I'm looking at all of those things and a whole lot more.
My plan is to take 10% profits at each target in order to lock in some gains and have cash for dip buying.
Thanks for taking the time to get this far... If you like this content, please give it a like and I promise to put more time into future work.
Appreciate constructive feedback so don't hesitate to ask a question. Have a GOOD one!
Golden Cross, Death Cross, and Halving - Time ComparisonsUsing a 50/200 MA I've laid out time frames between the various occurrences of golden crosses, death crosses, and halvings.
Wanted to share with the community and see what theories any of you may have from seeing this and if you're noticing any patterns.
Bullish Wedge is formingA bullish wedge is forming on the daily chart. Seems like Bitcoin does need this consolidation patterns after the breakout of the bearish trend channel. If this wedge does break to the upside a move to 9000 $ is likely. At least to the 200 SMA. If we are able to break the 200 SMA then I would expect a more neutral to bullish market phase at least until the halving in May.
BTC - Why 500k is not insane. Bitcoin Halving Map + ProjectionsI decided to play with a visual representation of the halving history, and then project it. Just for fun.
Measuring from the rock bottoms before halvings, and up to the tops after, with percentage gains and elapsed times.
And then the corrections after tops, the loss percentages and time to rock bottom again... roughly 85% loss both cycles
The approximate halving points are the blue vertical lines. Peaks are green verticals.
Considering the peaks all are Novemberish... I projected the next one to be around that time in 2021.
My projection for percentage gain is somewhat arbitrary, and I've kept it close to the previous cycle, but with a little more oomph.
But I kept it much more conservative than the first cycle... even though I have no solid reasons for doing so.
It could gain less than the previous, but looking at the FIRST cycle gains, it could gain quite a bit more than 15,000%.
Of course, "past performance no guaranty of future" blah blah blah... but this is hella fun to play with regardless.
If the pattern stays anywhere near the previous cycles... it's gonna be EPIC!
Moon boys will literally shit themselves with joy and lambos will be back ordered for years.
Also thinking once it clears and holds over 20k again... the pile on is gonna be major. Thus the wee extra oomph in my % projection.
Whats really craze balls is another 85% drop after the projected peak brings it back down into the 85k range!
Moon boys will shit themselves in fear!
I of course have a map now, so I'm all prepared! Kinda. Maybe. Somewhat. Sorta.
Time will tell, eh? Love to know what you think.
Cheers!
HALVING BTC COMMING - Indicators showing a highAs we all know, a new halving will come in April this year. After the last halving we had a high of 3155%, which represented the 3rd wave of Elliot , which can never be the smallest in both size and time.
We have great support at $ 5800 - $ 6000. It is possible for the BTC to drop to these points next month.
We are about to see an explosion at BTC!
HALVING BTC COMMING - Indicators showing a highAs we all know, a new halving will come in April this year. After the last halving we had a high of 3155%, which represented the 3rd wave of Elliot, which can never be the smallest in both size and time.
We have great support at $ 5800 - $ 6000. It is possible for the BTC to drop to these points next month.
We are about to see an explosion at BTC!
Updated: Accumulation Phase, 119 days to go before halving.Hi all,
Just a quick update of the "Logarithmic Growth Chart".
Now including the Bull Fib retracement data.
LONG: Gold, Crypto, Palladium, Real estate for renting out.
Short: Stocks, Bonds, especially the banks (they will fall like dominos).
Good hunting & safe trading all !
Unicorn1
Comparison of trends. BTC domination - halving + LTC - halving.From the left side
Bitcoin dominance chart by market capitalization. Halving will approximately occur on May 18-20. Perhaps an upward wedge will form before halving. Then a strong drop in the dominance of bitcoin and pumping altcoins. I showed the zone for a more likely reversal on the chart, although the entire zone for observation is an uptrend line. I think that most likely the peak of domination will be 1-1.5 months before the halving.
You also need to understand that the situation may change bistro if domination breaks the uptrend line (red line) and consolidates below it. This will mean the beginning of a downtrend and the beginning of a full-fledged pump of the viola season in which most already do not believe, and this is a good sign.
Domination has long been near the uptrend line and the farther in time, the situation is heating up. Sooner or later, a breakthrough will occur, I think everyone is looking forward to it.
The right side of the graph.
The upward trend of the coin before the litecoin halving (LTC) and then the downward trend of the coin after the halving. Which continues now. The price fell 5 times and this is not the limit! Note that the price peak happened 47 days before the important event - LTC halving . It is highly likely that this will happen with bitcoin. Money just before the halving will flow into cheap altcoins.
I think that this comparison of trends makes it clear that a drop in bitcoin dominance is inevitable, and the higher the ratio to other altos rises now, the steeper the drop in domination will be. Think about the decline in the dominance of bitcoin by a large percentage. And how will it be possible to raise the price of altcoins that have lost 80-95% in value.
It is very pleasing that most people do not believe in the revival of the alts from the afterlife. Faith is completely killed.
I think that the majority of believers when they received from their hold zeroing their deposit by 80-95% already completely lost faith in what they believed.
Perhaps just before the market reversal, the last lowering of the price of altcoins will take place. So that people get rid of altcoins and say: "I’m selling my promising hold - altcoin at any price, just to get rid of it and forget everything like a bad dream." When this happens, the altcoins pump season will begin.
Time to Buy Bitcoin - BTCUSDHi friends, I will keep this write-up short as the chart is self-explanatory.
Please carefully read the notes on all 4 time frame charts.
We have bullish reversal signals on multiple time frames for a long swing trade and potentially more to come in 2020.
I have been accumulating Bitcoin at every dip with anticipation that the low of 6,450 has been set for the mid-term.
That plan has remained the same since I have posted this idea on Nov 22, 2019:
Stops should be wide and placed below 6,200.
Bitcoin head and shoulders patternHello traders, hope you had a good New Year celebration!
As we are waiting for the bottom of the falling channel, looks like a H&S pattern may be forming with divergence on RSI.
Break of the neckline for 1st confirmation and break of the falling channel itself for 2nd confirmation.
This year the 3rd halving is expected in May, so huge anticipation of a new bullish trend.
Good Luck!
Bitcoin Halving DemystifiedI was recently asked of my opinion on how I could possibly come up with a Papa Bear Projection Chart where the correction period takes over a year long - one that takes us well into next year, and into and over the next Bitcoin halving date of May 2020. I figured it would be easier to simply print a chart for reference.
A picture speaks a thousand words. Here's a history of Bitcoin halvings - all two of them.
A. The first and the only point pertinent to the question that was asked of me is point A - the second BTC halving which occurred in July 2016 where the price of Bitcoin dropped ~40% immediately BEFORE, DURING and AFTER it.
Need I say more? The rest of this post is for educational purposes.
B. Here, the price dropped by 75% six months after the first halving (that should have said first on the chart).
C. A drop in price of approximately 80% in its early days (11.85 to 2.22) and one year before the first halving.
D. A correction period of over 1.5 years where the price dropped by about 90% between the two halvings (1163 to 152).
E. The price rose by 100% one year after the second halving. As an analogy, in today's terms, it would rise from 3000 to 6000 or 8000 to 16000 one year after the next halving (I'm not saying this is what will happen).
F. A correction period of over a year where the price dropped by ~85% (~20000 to ~3000).
Bitcoin has had more elongated correction periods and FAR MORE drops in price than it has had halvings. A third correction period of over a year or another drop in price is neither an abnormality nor a deviation from the "norm".
I guess the only reason I can think of as to why people think my projection seems so absolutely absurd is because they be dreamin' of owning Maseratis and Mansions and they be wantin' it now.
Do I think halvings have anything to do with the price of Bitcoin (all one of the two halvings which had no significant correlation, where the price did not increase immediately after the halving and only increased months later in line with the trend it was in prior to the halving)? None whatsoever.
Do I expect the price of Bitcoin to increase in the future? Yes, but only after it corrects.
What is clear from this chart is that BTC, just like any other stock or crypto, goes through cycles.
I can't predict when the corrections will end but I can forecast where it will likely finish based on its cycle and technical analysis, and that is what I am most concerned with at Purple Crypto Premium.
Adios amigos.
What goes up must come down.
My Secret Papa Bear Chart
It Played Out Like a Beautiful Melody
Are We Ready for the Crash?
Are We There Yet?
What If It Goes Down? Future Projection
___________________________
There's only one person you need to follow when it comes to crypto.
BTC Falling Wedge waiting for a breakoutHello fellas,
It might go down to 3000-4000 conditioned by a possible financial crisis and the capitulation of the miners before hitting new ATH ?
Take a look at this chart analysis, I see here:
- a confirmed long time falling wedge pattern waiting for breakout.
-similar crossover EMAs 50,100 with MA200 followed by a Downtrend twice( 10-20 Mar 2018 & 06-24OCT 20019).
-crossover EMAs 50,100 with MA 200 followed by a Uptrend(01-27APR 2019)
-major support 3000-3200
-second support 6000
-a possible influence of the price caused by rumors of a financial crisis and the capitulation of the miners
1. Is it a connection if we extend the downward trend line from ATH in continuation of Falling Wedge Pattern?
2. Is it a connection between Major Support Line (3000-3200) , days left until BTC Halving and Converging Trend Lines?
I am not a financial advisor, this is for educational purpose only.
This is my first post and I'm always open to constructive criticism.
Namaste.
When will BTC peak in the next parabolic rally?This is another iteration of a previously published chart, but simplified to drive the point home.
Motivation
Predicting the peak of BTC's next parabolic rally is critical for the profit-taking strategies of speculators and hodlers alike. For speculators, it's about knowing when to get out. For hodlers it's about how to grow your bags. Really, knowing the timing of the peak is more important than knowing the potential price levels. BTC is a deflationary asset. As market cap continually builds, flow is being squeezed on a pre-set schedule and real value continues to grow. So, we know price will rise. Whatever levels we may reach ($50K? $150K? $250K? 1 million?), taking profits requires knowing WHEN those peaks may be attained.
Two Perspectives
There seems to be two primary camps in the timing debate. In the first camp, there are analysts who note that the time between each previous peak has grown. For these analysts, the first all-time high of around $30 in 2011 is key. The subsequent ATH in 2013 of nearly $1,200 came only 2 years 5 months later (884 days). In contrast, the next ATH took 4 years and 1 month to arrive (1491 days). This 40% expansion in time between peaks logically leads some to believe we will see a similarly expanded time frame as we wait for the next peak, with many predicting peaks delayed until 2023 or even 2024.
Such predictions, however, seem to discount or devalue the underlying architecture of BTC growth, the built-in halving cycle in which the flow of new BTC into the system drops every 4 years when the reward to miners is cut by 50%. The 2017 peak arrived 4 years and 1 month after the 2013 peak (1491 days). Was this a signal that the parabolic price cycle had become calibrated with the 4 year halving cycle? If so, the cycles seem to be offset by approximately 18 months, which would make the target for the next peak in or around December 2021, or some 18 months (1460 days) after the 3rd halving in May of 2020.
The Upshot
Obviously there are so many attenuating factors that can influence the market, and when and where we'll find peak price discovery is anyone's guess, but smart profit seekers would do well to monitor the market closely as we approach December 2021. Even if the peak is delayed, this should be a key profit-taking window for speculators. For hodlers, it will be an opportunity to strategically pull capital from overvalued BTC before the inevitable 75-85% retracement in which we can grow our bags with an eye to 2025 and beyond.
We are still in the middle of Descending Channel on BTCNowadays, I see that a huge bunch of price forecast is flying over Bitcoin future price. There are pessimists who believe BTC is likely to fall 1 k's and die and also optimists who believe price will break out the current channel and lead new ATH until 2020 halving. However, The true establishment should be based on multi-year trend analysis , I believe.
2017 ATH rally resulted in 3ks (point X to A) might be a true guide for the current situation analysis. We know that First channel of bearish trend (Blue-line channel) in 2018 lasted more than a year to recover. Take a look at the volatility inside the first channel until the accumulation zone. The most significant indicator of the trend is the high price volatility, repetitive lower lows and support price becoming the resistance.
Now, we are still in the middle of second channel of another bearish trend (orange-line channel) , witnessing high price volatility & repetitive lower lows that we saw in 2018. Descending triangles that I attached on previous chart shown below is still active and parallel with the ideas I stated:
I remember that everyone was yet saying the bitcoin is dead. Nor it was dead in 2018, neither dead now. We will always see this kind of trends until bitcoin fully becomes a real , stabile, globally-accepted reserve money currency. I accept that there are huge problems about regulations, illegal use & decentralization risk that is cared for governments and central banks, -but god's sake-, bitcoin is on the way of demolishment of centralized finance capital system, price volatility and so huge amount of manipulation is so normal for now. This is not a real sign of bitcoin death, I would like to explain.
As we get back to our analysis we still not reached the end of the 2nd channel as you see in graph and I can roughly say that we are about to pass 2020 halving inside this channel, so do not hope 100.000 $ price will be reached prior to 2020 halving. No, it certainly won't be. 2020 halving will not satisfy those dreaming of moon. I assume that we will yet be getting into accumulation zone after July'20.
In the beginning of accumulation zone I predict that we will be witnessing 4k $. My estimations are based on that One full year is the average timeframe for the bearish trend. As a conclusion, this means that we will be in a bearish trend until the 3rd quarter of 2020 regardless of the halving.
The historical evidence is apparently shows us this, all we need to do is see the right things and not become an unrealistic dreamer. The next rally in late 2020 might be a high-record rally though.
Also Keep in mind that we are still below 200MA under a death cross and the low volumes are still effective on prices. Second bearish channel will be a real headache for all bitcoin-investors as bitcoin itself also should overcome severe milestones until the next rally.
***This analyse is not a recommendation to buy or sell. It is to be used for educational purposes only.***