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Halving2020

RED Bitcoin Easily, Money Flow To Altcoins, 2020 Halving?We can see Bitcoin (BTCUSD) breaking below EMA50 for the first time since April but the volume is much higher now than back then... Bear volume/RED. We can also notice a bearish cross of EMA10 and EMA50, signaling more low. After EMA200 was tested (brown line), a bounce is normal and expected. As soon as this bounce is done... You can expect Bitcoin to drop some more. Altcoins Market Update As Bitcoin drops money will flow to the Altcoins. The trading pairs we've been looking at have been printing really strong reversals, strong candles and big growth will follow. Expect more of this and all the altcoins in general picking up steam, sealing lows, and some hitting new highs as time goes on. Remember, if one opportunity goes away/is missed, do not worry, do not rush... When one opportunity is missed, many more will bloom and you will have the chance again and again to make the right call. Always take your time before buying into any trades... Always do your research before taking any action or risking any money. Rushing (FOMO) is intended to collect profits but can result in loss. Patience, on the other hand, has no intended purpose, other than being on the right mind when you make that decision on how to make your money grow! Any questions... Feel free to use the comments section below. Namaste.
BITSTAMP:BTCUSD
by AlanSantana
33
Possible accomplish of my predictionTomorrow it's will being the Bitcoin halving. so, this is a grateful moment to see what happen of Bitcoin price afte the halving. Now, I want to show you my possible prediction of Bitcoin what do the price do? We can see a possible elliot wave and a possible movement bearish that Bitcoin could going to crash 35% of the price arrive at the price of $6,500 USD, so this is a goog point to enter in a buy zone and incluse we can see a Bitcoin more below of $6,500, so this is mh predictio and my prediction not is perfect, but it's my trayectory of what do the price do? So, tommorrow morning I going to chaeck and make technical analysis.
COINBASE:BTCUSDShort
by harisonhbn9718
2
2DAY GOLDEN CROSS IN PLAY2 DAY AND 12 HR GOLDEN CROSSES...Marked by the little Black Arrow...Soon to add the Daily Golden cross this week! Play with the Chart, BTC fell back to the previous formation the bottom of the flag is now resistance, back below the major 3 year Triangle trend in Red. Weekly could not close above 3 year trend line and may back-test the Golden pocket on the Fib 61.8-65%... to $6K... right around the 200EMA & 200MA...black and red horizonal rays.... then all the supports around $8k before that...And don't forget...the CME GAPS at 10K and 11800K, so.... which way will BTC go ??? Maybe up? Maybe down? Maybe sideways? All we know for sure is it won't go backwards! ...lol Bull Long Term
BITSTAMP:BTCUSDLong
by Chefrusty
1
Bitcoin halving is almost here. Will it moon ?It is always a debate on what Bitcoin will do in terms of pricing for a halving event. Some people believe that the halving is already priced in by the market and thus there's no expectation for the price to do anything. Others believe that due to price equilibrium, a halving of supply should cause an increase in price if demand for Bitcoins is equal or greater than what it was before the halving event. Let’s look into it. BTC is expected to undergo Halving during this week, where the rewards for mining a block will be reduced. This is the last chance for miners to get 12.5 BTC per block, as the rewards will be squashed to 6.25 BTC post halving. The majority of miners can sustain the 6000 to 7000 price per BTC now as the rewards are high however post halving they become unprofitable. That’s why we should expect 10,000 – 11,000 as It appears to be the sweet spot for over 70% of the miners to stay in the business. Hash Rate has been peaking, moving towards the ATH during the pre halving increase of the BTC price. We’ve had a similar scenario on both the first (2012) and the second (2016) halving. On 2016 we’ve had a 33% Pre-Halving increase of the hash rate as it went from 1.2EH/s to 1.6EH/s The interesting part that we have to take into consideration is the post halving effect. On 2016, a month after halving the H/R started to decline, going from 1.6 EH/s to 1.4EH/s, as the miners who weren’t profitable after the reduction of the rewards per block did go out of business. This has an effect on the BTC price too, as on 2016 the price peaked at $768, and it went down post halving at around $552. We should be expecting similar effects of 2016 during this years halving. From the technical standpoint we did had a pretty intense week. 9500 Weekly Resistance is being respected to the Tee. BTC broke through it, however it never succeeded on closing above it as the price immediately reversed back inside that zone. Just above this level there’s a liquidation area between 10,000 – 10,500, as you can see on the charts there are many spikes and reversals from this level, which tells us that this is a level where institutions and whales had their sell orders placed. And this might be the reason we are facing numerous of reversals upon hitting this price. The weekly descending trend-line that has been respected since June 2019 is sitting just below the 9500 resistance. If you combine the trend-line with the chart you can tell that regardless of the current price rally we’re still on a down trend and have been forming lower highs and lower lows since July 2019. On the daily time-frame the key levels mentioned on the last analysis are still holding up well even though we anticipated a huge break towards 10000 (liquidation area on the weekly), BTC still came back inside the critical area between 8500 and 9500. On the weekly time-frame this area is in-between 61.8% and 78,6% FIB Ratios – Known as the golden ratios where the majority of the reversals take place. So Technically, we are still in a downtrend and the price is being traded at a region where the reversals to the downside might take place at any moment. But, knowing that fundamentally we are 200 blocks away from the third halving we should be seeing a temporary price jump, this would only be temporarily unless a massive FOMO kicks in and we break above the key levels mentioned above – thus, changing the direction of the trend
BITFINEX:BTCUSD
by UnknownUnicorn3394555
2
Btc Rising wedgeIt seems that btc always been so respectful when it comes to chart patterning, it reacts so accurately when a pattern is formed; wedges and rsi are the main tools among crypto traders i guess. Not always, sometimes it makes pretty random moves. Maybe it has to do a lot with retail traders and deluded people who wants to be rich quickly, which is the vast majority of this market. Anyway, price still within rising wedge. Sell on yellow trendline resistance or 50MA or wedge breakout. Cheers! We're all gonna REKT it
BITFINEX:BTCUSDShort
by truenacuerdas92
Bitcoin Dump is Actually Good for $17,000 Reality in FutureWith halving approaching in less than two days, Bitcoin seemed poised to break through 10,000 with relative ease. Until it didn't. Last night, Bitcoin experienced a nearly 20% meltdown, unofficially signaling the end of the rally off the March lows. A few day's ago I posted that Bitcoin could be heading to 10,300, as that was the measured target for the cup and handle pattern. Although price did not meet the target, the expected psychological resistance of 10,000 did its part by strongly rejecting further momentum to the upside. Despite the sell off, I am encouraged. I do believe there is plenty of upside for Bitcoin later in the year. Let's get right to it and take a look at some charts. Building a Case to BTFD Is it time to BTFD? In my opinion, not yet . First, the chart below is a daily view of Bitcoin. Momentum is now firmly in decline. The magnitude of the sell off is forcing the MACD to converge to the downside. Although, this does not necessarily signal immediate downside in the short term. Bitcoin does not make it easy for bears too short. I do expect price too stabilize. Low target for the current move are 7400 support, followed by a relief rally. On the chart above I highlight strong support at around 6400. Conveniently it coincides with the 50% retrace of the entire move. I labeled the 61.8% retrace level as well because it remains a popular retracement level for wave 2 pull backs (no Elliott wave shown). The last chart I found very interesting. I know the inverse head and shoulder meme's are going to be out in full force in about a month. So, I am getting ahead of them! Notice how the channel fits. I really like seeing this in inverse head and shoulder patterns. Maybe setting bids near the low of the channel wouldn't be such a bad thing. If this is a true inverse head and shoulders, the right shoulder could take approximately 5 months to develop. I'll be keeping an eye on this channel and pattern. I hold the belief that Bitcoin has a greater chance of heading to 17,000 short term than breaking the March low. That is why I intend to buy the dip. Just not yet. Long term, bullish. Currently.... Bias: Bearish . Leading Indicator For about two years I have been talking about Bitcoin as a leading indicator for the stock market. Therefore, last night's sell off should be a warning sign for stock market bulls. Could it be really that simple? I mean both crypto and stock markets were approaching key levels of resistance...hmmm. It will be very interesting to see how the market reacts this week. I hope you all have a great end to your weekends!
COINBASE:BTCUSD
by DailyClose
LITECOIN ($LTC): Has Charlie been Accumulating into the Halving!✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- What's up gang? Today we are looking at that Silver to Bitcoin's gold Litecoin (LTC). BTC has been rallying into the halving which will occur May 11th. With only two days to go until the halving, it makes sense for LTC to do a bit of a catchup run. The goal here is to enter long on support and then ride the uptrend to the next resistance levels. Let's see if we can't ride that wave. Resource: coinmarketcap.com --- 1. Fractal Trend is signaling an uptrend (Blue bar color) on the 1 hour chart, and that means we can take long setups with our strategy. 2. With the strategy, we are looking to open a long position after a reaction from either a bullish orderblock plotted by Orderblock Mapping or a S/R level plotted by Directional Bias. 3. S1 and S2 look like they will act as support in the current uptrend assuming that we get another pullback here before going up. 4. Although it'll be important to watch how price reacts in R1, our target for both positions is the cluster at R2. 5. Our stop for the S1 entry is set below the lower orderblock, while our S2 stop is located below the previous short term swing low. This will help us to potentially avoid a liquidity hunt of our S1 entry but likely be the move that fills of our S2 entry. 6. To reduce risk, we will exit all positions if stop losses are hit or if Fractal Trend turns bearish (Maroon bar color) indicating a downtrend. Good luck family :)
COINBASE:LTCUSD
by AlphaBotSystem
2
Altcoins performed better after the last Halving than BTC/USDDuring the next days after the last halving the Alts market cap more than doubled and BItcoin's dominance dropped quite a bit. It will be interesting to see what happens this year though it seems that the interaction has changed with altcoins and Bitcoin been more correlated perhaps due to the larger FIAT pools with stable coins. In 2016 most altcoins had to be adquired via Bitcoin (ETH/BTC, XRP/BTC, LTC/BTC, etc) and this year this is not the case anymore since there are many altcoins paired with stablecoins.
CRYPTOCAP:BTC.D
by EclipseBitcoin
This Is Why The Bitcoin Is Going To Hit $300K After HalveningHi friends hope you are well. Today I'll show you the most significant move by the Bitcoin that can lead it to hit 300K. But before that I would like to show you some developments on the small time charts because these moves are interconnected with the biggest move that I'm expecting in the next one or two years. The bull flags on daily chart: As in my last article we have observed that the leading cryptocurrency is aggressively forming a different bull flag on the daily char. And in previous post we were expecting the 3rd bull flag. At that time the candlesticks were being consolidated to form the next bull flag. And now we can see that the priceline has moved up and now it is confirmed that the third bull flag has been formed. Now after reaching the $10,000 level the price action may consolidate at this level to form the next bull flag or it will move a little bit more up and then consolidate. The Bitcoin may re-test the resistance block as support: We have already seen that on the daily chart the priceline was trying to breakout the resistance block from $9,000 to $9500 level. This is the most strongest support and resistance block that the Bitcoin could breakout since after the drop off Dec 2017. Once in the month of February 2020 we have witnessed that a Bitcoin broke out this resistance block. After breaking out this resistance block the Priceline tried to retest previous resistance as support but this re-test was unsuccessful and the priceline dropped down all the way up to $4000. Now again the priceline is breaking out this resistance level. The current candlestick is opened above this block. And once the complete candlestick will be opened and closed above this bock like the priceline did this in the month of February then the first step of the breakout will be confirmed. But the final confirmation for breakout will be received when price action of BTC will retest this previous resistance as support and after a successful retest priceline will be moved up from here. Bitcoin is likely to be failed in breaking out the up channel resistance: On the daily chart the priceline has formed an up channel. That was started from 13th of March 2020. And this time the price action of BTC is trying to hit hard to break out the resistance of this channel. At this time we have the 3rd candlestick that is hitting at the resistance to have a breakout. Before this we had candlestick of 30th April that was reached up to $9,485 at the resistance of the channel for the breakout. Then the price action reached at $10,000 level on 7th and 8th May 2020. And now there was a strong hope that the priceline will break out the resistance. But again the price action is likely to be consolidated at this level. Now there are two possibilities that the priceline may form a bull flag at this level and move up to break out the resistance or move down again to re-test the support of this channel that is almost at $8,500. This combination of indicators can give us best signal for bearish move: As in my previous post I told you that I am using the combination of three indicators to watch the bullish and bearish trend of BTC on daily chart. 1st: Vervorrt heikin-ashi long-term candlestick oscillator. 2nd: MACD custom indicator multiple time frame , this is the same MACD indicators that we use normally but this indicator shows the buying and sell signals with crosses. 3rd: Stochastic indicator. Ater placing these three indicators I came to know that since October 2019 the Bitcoin is following a certain pattern for the correction rally or bearish move.The Vervorrt heikin-ashi long-term candlestick oscillator is a powerful indicator that shows whether the priceline is in bullish or bearish trend . When it turns green it means that we are in bullish trend and when it turns in red color then it means that we are in bearish trend . Now after observing closer the daily chart it can be seen that whenever this vervoort indicator turns green then the MACD indicator 1st gives the sell signal and then again it gives buy signal and again it gives sell signal and on this third sell signal if the stochastic also gives the bear cross then the leading cryptocurrency turns bearish and starts the bearish move. It can be witnessed form 24th of October to 25th of November 2019. Then from 23rd of Jan up to 13th of March 2020. And if we see the current situation then the vervoort is again in green color and giving indication that we are in bullish trend , and the MACD has given a sell signal and after that we have received the buying signal and at this time the MACD has turned weak bullish so its mean that it is turning bearish. Once it will give a complete sell signal with stochastic bear cross then we can expect that the BTC will again repeat the same move and start a bearish rally. The down channel on long term: On the long term weekly chart the Bitcoin has formed a down channel and at this time the price action of BTC is trying to breakout the resistance of this channel. Once the bearish move will be started then the Bitcoin can retest the 100 simple moving average support at $7100, or the 200 simple moving average support is at $5700. But in my opinion if the price action will be dropped from here then first it will retest the support of an up channel that has been formed on the daily chart and that support is around at $8500 once that support will be broken down then we can expect the further downward move upto 100 SMA and then 200 simple moving average on the weekly chart. The most significant signal is going to be appeared soon that can lead the BTC price to 300K: Now I want to show you the most significant signal that is going to be appeared after the Bitcoin halving that can lead the BTC price upto $30000. For better understanding we need to see the history of this signal so let's move back to the first Bitcoin halving event in 2012. The Bitcoin halvening 2012: For this purpose I have used long term weekly chart and placed the four simple moving averages with the time period of 25, 50, 100, and 200. In 2012 the 100 and 200 simple moving averages were not available therefore we will find this signal using only 25 and 50 SMAs, then we can see that just before the Bitcoin halving the 25 simple moving average form the golden cross with 50 simple moving average then after the Bitcoin halving we had the strong supports these two SMAs. Further in July 2013 the 100 simple moving average was also appeared below the 25 and 50 simple moving averages. Here we had a complete a opened alligator mouth formed by these three simple moving averages. And all these SMAs lifted the price action up very aggressively and the Bitcoin started more than 10000% bullish rally and produced ROI (return on investment) with 1 : 10K ratio within one year. The Bitcoin halvening 2016: Now let's move forward to the next halvening event in the year of 2016. Then we can see that just before the halvening the simple moving averages formed an opened alligator’s mouth for forming goden crosses with each other, as we can see that the 200 smple moving average was below all other simple moving averages then 100 moving average was above 200 moving average, then the 50 SMA was above the 100 SMA and the smallest moving average with the time period of 25 was above all four SMAs. And after halvening all these simple moving averages lifted the Bitcoin up very aggressively and the price line of BTC produced more than 3000% return on investment ratio within one and a half year. The Bitcoin halvening 2020: Now when almost three days are left in the 2020 halvening event then we can observe that almost an opened alligator mouth by these four simple moving averages is formed. Only the golden cross between 25 and 50 moving averages is due. Once the smallest moving average with the time period of 25 will cross up the 50 simple moving average then we will have the order of these moving averages like 25 simple moving average above all then we will have the 50 SMA below the 25 after that we will have the 100 simple moving average below 50 and the 200 SMA will be below all other SMAs. Then a complete opened alligator mouth will be formed and after completion of this alligator mouth we can expect a really very powerful bullish rally that can be continued for next two years. If we compare the ROI ratio that was produced in the after 2016 halvening then it is 70% less than the ROI ratio that was produced after the halvening of 2012. As we have seen that in 2012 the return on investment ratio was more than 10000%. Now in order have an estimate the next ROI ratio we can expect 70% less ROI than the ROI after halvening of 2016. And in my point of view that will be very conservative approach. And in this way the next return on investment ratio would be e 1000%. Its mean that Bitcoin can easily hit $100,000. But it is also possible that the Bitcoin will produce up to 3000% rally as it has already produced after the previous halvening of 2016. And it this time it will be difficult for the moving averages to form a complete opened alligator mouth before the halving event. Because one candlestick is representing one week and there are only approximately 3 days are left in the next halving event. However it doesn't matter whether this alligator mouth will be oepened before the halvening or after. Whenever it will be formed it will produce a very powerful gleefully that can be continued for atleast next two years. Conclusion: On the daily time period chart if the price line of BTC will not break out the up channel and we will receive strong bearish signal by the MACD indicator then there are strong chances that the price action may start a correction rally, however on the long term the Bitcoin will be remain bullish and after having event it can turn more strong bullish.
BITSTAMP:BTCUSDLong
by moon333
4
¿Bitcoin a los 82.900 para el año 2022?En 2012 luego del Halving el precio lateralizó y consiguió su máximo histórico del momento 364 días después En 2016 luego del Halving el precio bajó 25% y consiguió su máximo histórico del momento 525 días después Calculando una proyección a partir del comportamiento del precio en los últimos 2 halvings podemos deducir que: El máximo vuelve a superarse luego de los Halvings, pero el nuevo máximo no se da inmediatamente. Calculando una proyección a partir de lo sucedido luego de los últimos Halvings: Los rallys alcistas son de menor fuerza. Se puede estimar que un nuevo máximo dentro de 749 días (allá por Mayo del 2022) y su valor podría ser de 82.900 dólares.
BNC:BLXLong
by LastBullRun
DO NOT FOMO - NO BULL RUN YET.CryptoAST BTC USD Breakdown On our last breakdown of BTC/USD given on the 24/04, we stated that BTC should start to see an ascend to 9,500$ from a live price of 7,518$ at the time. Now, we stated that we expected for price to drop from the 9,500$ level back down and we kind of saw this on the first swing at 9,500$ but price saw only rejections into the 8k price regions. However, we indeed saw a crash to 8,524$ before support was found for the 9,500-9,634$ price level to be broken. Please DO NOT FOMO and up buying BTC at an overvalued price rather than getting a bargain! Now, we will conduct another breakdown of BTC to re-assess the situation with BTC currently trading at 9,923$: - We will firstly begin to analyse the monthly chart and it can be seen that We are at downtrend line resistance in a descending channel. Skipping to the weekly chart, we can see that BTC broke above the 9,634$ resistance level and we have gone on to test highs of 10,000$. If we take a look at momentum indictors on the weekly chart, we can observe that on both RSI and RSI/ROC, we can see that areas of bearish tendency have been broken to the upside and there is continued upward buy pressure at the minute. * If we switch our chart from the XBT chart to the BTC chart, we can observe that the above is true on the weekly and we have broken resistance fan structure at 9500$. Now, the nearest resistance fan trend line is 11,600$ all the way up to 12,000$. In the case that we see continued sideward movement, we can make highs of 13,093$ on the weekly chart. A break of the 13,093$ level will indicate that longs to 19,533$ are acceptable without considerable risk. If we see a break above 10,500$ only then can we be sure that we will see bitcoin make highs of 11,682$ & 13,093$ at the minimum. A break below the 8,524$ level will indicate that we are back in bearish territory of the descending channel. - We will now analyse the daily chart for XBT and BTC pairs. We can see that for BTC down trend line resistance was broken at 9.5k along with fan trend line resistance in blue. Once we take a look at our momentum indicators, we can see that both RSI and RSI/ROC are at resistance levels and are due to drop in price before anything occurs. The price level to which we will see a rejection to should be around the 9k price level and once again if we see bearish price action below 8,524$ then we can state that this was all a FOMO party. None the less, in the immediate sense, if we do see a rejection all the way ti 8,524$, then bullish price action stays in tact as long as that level is not broken to the downside. * Switching to the XBT daily chart, we can observe that rejection to the 9600$ level and 9538$ price level is imminent but unless this level is broken to the downside, bullish price action stays true. The confirmation price for shorts goes to 9300$ on bitumen from 9600$, so once this range is broken can shorts to 8,500$ ever be done. * Bearish divergences can be spotted on the daily for BTC, and this would mean that the bullish price stop hunting has probably maxed out at the 10,218$ level with maximum upward potential downgraded highly to only a mere 10,500$ from initial weekly consideration to 13,093$. If 10,500$ is broken to upside, then 10,093$ will come to fruition - but considering the bearish divergence, this is now less likely. - We will now analyse the 4 hourly chart and what we can observe is that price will see an ascend towards the 10,250$ and 10,535$ mark on Mex and FINEX before what I suspect to be bearish price action to 9000$ support level begins. However, Specialist candlestick settings show us that bullish price action is fatigued already at 9900$ and it may take only a short squeeze for upward activity to be done before bearish activity resumes. All in all: * A BREAK ABOVE 10,500$ AND YOU CAN LONG/BUY TO 11,682$ AND A BREAK OF THIS LEVEL WILL LEAD TO FINAL RESISTANCE AT 13,093$. * IF 13,093$ IS BROKEN TO THE UPSIDE, THEN WE SEE BULL RUN BEGIN WITH BULLISH PRICE ACTION TO 19,000$. THIS IS NOT VERY LIKELY AND EXTREMELY UNLIKELY. * A REJECTION FROM 10,500$ IS WHAT WE SEE OCCURRING WITH BEARISH PRICE ACTION TO 9,300$ AND 8,500$ RESPECTIVELY. * DO NOT FOMO - WE STILL FEEL THAT LOWS TO 3,300$ AND 2,800$ WILL BE ACHIEVED BEFORE BULL RUN. * THIS IS A TRAP. CHECK OUT OUR TELEGRAM CHANNEL DOWN BELOW FOR TIMELY UPDATES AND EXACT ENTRIES!
BITFINEX:BTCUSD
by crypto-AST
1
bullish volume increase, wait for the pullback then enter longHalving emotion is continue, also i keep thinking about the bullish, however, didn't think trend can break 9500~9800 in just a shor period of time, we could just say that the emotion is too strong, the trend almost increased without a real pullback. As the price pump above 10K, the pullback risk is also increased to a high level. Within today, there is two positions need to be focused, support position around $9700, if price stabilize on it , it's a good position to enter, and if pullback dump below it, can just notice $9400~$9500 support, if price can rebound in this two area, it's possible to expect of testing the 10500, however, 10050~10500 area is a hard resistance area, trend may suppressed at any moment at any price level. Thus, long position better open at a bottom of pullback. 🚀BTC Trading signal: long: open around 9800~9850 close 1: 10050 close 2: 10200 close 3: 10320 stop loss: 9720 Become member of OKEx and enjoy more services : www.okex.com
by Zeus1110
BTC Big Picture Update: Where from here?Very simply analysis so "apologies" for not having a million confusing channels and worthless trendlines, I will try better in my next analysis. Non-log scale. Sold off right at the trend line, like magic (...computer based magic... of course). Question is, where do we go from here. In my opinion, we bust out of this trend line within the next couple of weeks, if not sooner. We have been in this pattern since 2017 bull top. It is time we break this thing. Then, everyone will scream how bullish we are. Halving will come, and we will sell off before or after and back test the triangle, and maybe go flat during summer, most likely creating new, boring patterns. Bears will be bears, bulls will accumulate, and the fall we will rise. Best of luck trading. Don't let people talk you out of BTC positions. Long term picture still looks amazing.
COINBASE:BTCUSDLong
by Casey22