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Halving2020

BITCOIN HALVING PRICE ROADMAPSO bitcoin is currently trading at ~7550 I think we might be close to a possible short-term top. Sentiment remains extremely bearish still with halving coming up I think btc has every possible to perform similar to GOLD (flight to safety). Expecting bitcoin to remain in a bullish uptrend, expecting a retest of 6-6.5k on a retrace if that doesnt hold next level of interest is ~5.5k, pretty bearish outlook if 4.7k doesnt hold below that level. HOWEVER, i EXPECT that bitcoin does NOT go lower than 5.5k honestly expecting 6.4k+ closes excluding wicks, Bitcoin after that i'm expecting it to clear 8.4k which is crucial resistance, then to hit 10k. After this point if bitcoin can hold 8.4k on a retest expecting 14k+ within the next few months and resumption of our bullrun to all time highs!
BITFINEX:BTCUSD
by AqibMoeen
BTCUSD Setting Up for Pre-Halving Rally to $8.4k+Evaluating BITSTAMP:BTCUSD on the 1h, 1D and 1W TF's Completely ignoring the debate about the relevance of the incoming BTC Halving and its potential impact on price action, here's the micro and macro picture for Bitcoin as we head into the last weeks of April. At the time of this post - BTCUSD is ranging from $6.8k - $7.2k in attempts to recover from the Corona Virus Market dump that plummeted price from $8k to lows of $3.5k+ in March. The halving is around the corner, expected in May 2020, and regardless of the event being 'priced in' or not, it appears BTC will potentially be back in the $8k's when the event itself occurs. As of now, this would be invalidated by a drop below $6.1k, but the confluence of bands across several TFs suggest strong support has been rebuilt in $6.2k-$6.4k, making the set $6.1k stop loss on this analysis more than unlikely to be used. Initial analysis of the chart suggests bullish momentum to continue due to the RSI support we've reclaimed + potential BBand Squeeze building on the 1D Chart With price maintaining current $7.1k pressure, it would not be out of the question to see $7.3k by the start of the 3rd week of April (approx 72h from this posting). The resistance offered at $7.3k is minimum on the low TFs and It seems to be more than likely we shoot by it towards $7.6k shortly thereafter. At this point, it would make sense for price to consolidate down to the soon-to-be reclaimed $7.3k range before continuing to $8k by end of April and into early May. Since you need to be prepared for all events, lets assume $7.3k fails to hold after touching $7.6k, look for $6.8k and then $6.2k as potential support zones to consolidate down to One note as we head into the halving - in the previous 2, the high of the trend (before short term consolidation) occurred at about 60% of the previous set ATH. Following this logic, BTCUSD would be around $11k for the May halving, which is entirely possible, if $8k and can be reached by the end of April 2020. That said, do not be surprised if the previous halving values were irrelevant, considering they occurred when The world wasn't dealing with a pandemic Wall Street wasn't as involved and futures were not traded One arguemet that is very relevant would suggest that BTCUSD hit the expected local high for the halving, prematurely in June 2019, which then puts us at approx. $8.5k expected for the consolidation level thereafter....which is the main potential price being suggested by the technical for the actual event. Overall, here's what seems most likely, depending on your given bias. Ideal Bull Case - Look for $10k-$11k right before the event, with potential dumps down to $8k after the event Less bullish case - Look for $8.5k for the event, with little change afterward as we continue. Failure to hold support however suggests dumps down to $6k afterward and a total bear trend setting in slightly bearish case - Look for $6k around the event and then little to no change thereafter Bears on Parade - Look for dumps down to lows from current $7.1k, with zero impact to reverse, from the halving event
BITSTAMP:BTCUSD
by kingthies
BITCOIN: The door is closing.I asked myself a while back; how will the Bitcoin-halving effect price? I am taking the position that Bitcoin will increase buying pressure , regardless of all factors considered, most retail traders and even long term investors will see this as just incentive to invest more, and this same narrative will likely be pushed by the media as it has in the past. With that said, it is this fundamental that is being factored into today's projection/scenarois: 0: (Expectation) 8k resistance level very likely to be touched 1: MM will use this as an opportunity to push price lower 1.1: If price is pushed lower, the neck-line at 7.25k will hold up as resistance levels usually serve as even stronger supports often 1.2: If price is pushed lower, and the neckline at 7.25k doesn't hold up, then the break of a such a significant support level will push price down with more momentum. This will be ideal for Market Makers as they want to push price lower before the Bitcoin-halving comes up to create more liquidity and ride the buying pressure from FOMOing retail traders and investors. 2: If resistance at 8k does not hold up, the ultimate storm of FOMO will be created as the bearish sentiment the market will be injured. That + the up coming halving will ultimately form a new bullish sentiment throughout the market. 2.1: ^ False-breakout, 2 month-long rising wedge plays out, wick down to 2k. I did not include into the chart. Conclusion: Assuming the halving in May increases buying pressure, Market Makers are running out of time to manipulate the market and create liquidity before the halving. The door won't be open for much longer and market makers must soon decide what to do before hand. Thanks for reading! I use technical analysis for these scenarios but I strongly believe in also including and justifying market behavior using fundamentals. If you like my analysis and hope to see more very well backed break-downs, follow me here.
COINBASE:BTCUSD
by Mike_McCarthy
2
Simple Long Term Outlook At the moment price is seen to be consolidating within the outlined wedge, following the previous bullish build up. After the huge dump, we saw the price commence this retracement phase in which we still haven't found a proper resistance yet. This brings me to my first point: looking at the daily, the confluent 7900/8000 level seems to be outlining perfectly with our long term fib level of 0.618. Perhaps we should take that into consideration before seeing another potential price dump. I know the halving is around the corner and everybody is excited, but will Bitcoin really act as a hedge investment during these dark times we find ourselves in? Look how it previously played out when the Indexes dropped...simply correlated with their momentum. I'm not saying this is the end of Bitcoin, in fact I strongly believe 100k is achievable in the next few years, but this years halving might take its time to commence another bull run, especially due to the current fundamental circumstances we got going around. It might be a bit too early to confirm anything here, it all depends how we see the price play out, assuming we reach our major resistance level at 7900.
BITMEX:BTCUSD.PShort
by Proszi
BITCOIN - market maker an accumulation formation Hey. You must be as high as I am on the beat action price. My last reviews haven't been played back as there are no impulses and the market keeps consolidating. These are my thoughts at the moment. Of course, it's just a guess, I can't say for sure now. We are in an accumulation that will be distributed in the May Hallvinga. It is difficult to trade on margins like this, as everything is done to confuse traders and knock them out of deals in the steps. For the last 2 weeks, the fund and indices have been forming similar rangings, but on smaller timeframes. Apparently, the bat is too illiquid and such formations take days and weeks. There is one formation of accumulation, which is in principle similar to what we see on the bat now. Under the scenario, growth is very likely, but before that there will be a breakdown of $5600. I have distinguished the 5600-5800 zone long ago as a target for the shorts, but apparently, we can go even lower and then move up. It'll take two to three weeks. Here's the formation itself: We're at the top of it. And here's how it's gonna look on the chart: A gray square-so called a bull order block. It makes all the growth out of it. Yellow is the first test of this block. Green is the first resistance test on a large timeframe, and there's a short quiz and a false break. Red is the removal of long stops, false support breakdown. Next is "to the moon." Disclaimer: It's all just an assumption. One market maker sneezes, and we go down, maybe up. But in this case, it's very similar to my subjective view. As long as the overall mood remains bearish despite local growth. Stop Loss removes all uncertainties, so do not trade without them. The current resistance zone is very important. In the square there is a clear rhythm, from which we started to move downwards with the breakage of the loys. I am referring to this very rang and the last fuse that looks like a false break-up. If you're in shorts, the stop loss should be for $7250. There are a lot of bones stuck in this wick - bulls - breakers, they should not be released (Trapped Traders). If this trading idea is wrong, the Stop Loss is knocked out, the following shorts $7675 will probably give a very good reaction - and the knocked out Stop Loss will cover profit. Why not long? Cause I'm expecting a clean-up of the longs. The trend is obvious to everyone, the feet are netted and have to be cleaned before they grow. Why tear down the feet? Stop on the long is selling + flipping off the rocket to profit on the hipe to halving. It's a cheap ransom. +Long with current=bad risk/reward is for me, because if we reach $7675, I expect a reaction to the local reversal, and the adequate stop loss should be put further than the profit itself. What's the point? Against the trade: everybody wants to buy lower, obvious bear pennant, short margin mood, a lot of printed Tezer. Now everything is easy and clear, it's up to you :) Do not forget about fixed risks and stops! I suggest that you familiarize yourself with this post.
Short
by mr_kosovskiy
62
Here is my vision for next 2 weeks 16/04 - 1/05I'd say Bitcoin's momentum is neutral . However, on smaller timeframes we can see that a buying power is trying to push Bitcoin above 7100 . From a technical point of view we have a first resistance around 7100 If we break the 7100, the EMA 100 located around 7500 + simbolic level will surely be a place where the bears will be located. I think it will take two more tries before Bitcoin can break the 7500 and then go get the 9000 where a lot of sellers can be there So I'll stay buyer as long as we stay above the monthly pivot point of 6700 . For daytraders an excellent scenario would be a break from the 7200 and then a return to the 7100 . For swingers an excellent opportunity was to take position around 6700 A second chance could be a stabilization around the 7000 and a break of the 7100 , the stop loss should be around 6850 and a TP1 8000 (Risk reward not really interesting) but with a good trend follower everything is possible. In the selling senario a stabilization in the lower part of the bollinger band and below the "monthly and weekly" pivot points would be a good sign to sell. Don't forget to follow me on twitter .
COINBASE:BTCUSD
by Tchandalito
1
BTC 1D PRE-HALVING BITCOIN ANALYSIS# Both Gann Square and Gann Fan were drawn from the high point of 26 June 2019 until recent low of 12 March 2020 selling fiasco. # Price currently located just above a 0.75 fibonacci, a possible upside movement would be to test 0.618 level which is around $8300 and a possible short-selling interest zone for institutional traders. The 0.618 level also close to a 2/1 Gann angle line, a sustain staying above this level could signal a change of longer term view into bullish. # The price could get knockout though (possible short-selling, whale intervention, traditional market/fed stimulus breakdown, COVID-19, price correction, crypto exchanges stop-hunting, bull trap, buying dip opportunity) so this 0.618 fibonacci + 2/1 Gann angle level currently looks so important. If eventually it has to go down so to speak, $6000 is the level it could go, it could go and test $5500 or even $5000 (which then it could bounce very quickly), but lower than that seems unlikely especially we are so close to Bitcoin halving which could initiate a miners intervention to keep price stable. # Another bottom to $3000? On personal notes, recent lowdown is the bottom we are looking for, another bottom would shake and crumble entire crypto market and threw out this analysis out of the window. Lets not go there. # In conclusion, the halving will definitely brings Bitcoin into high volatility, probably into nothing like we ever seen. There is a high probability of knockdown from $8300 level with sellers orderbook was seen at $7500, $7700, $8000 levels with lots of BTC transfer activities and USDT being minted. This small windows of short-selling could bring BTC down to $6000 (accumulation of BTC buying begin) possibly $5500,$5000 as well but then it could bounce very quickly. From there, the price could surge (driven by high volatility and high volume) toward first breaking 0.618 level, then 0.5, and then ranging for a while after breaking 0.382 level, from there it would make another surge when everybody is getting bullish and fell good factor kick in, then it would be unstoppable. # This analysis is no way to be consider investment advice. Merely an observation and opinion. Do your own research, trade at your own risk. Always employ a stop-loss and proper risk-management. I would not be responsible for any kind of loss, made from reading this analysis.
BITSTAMP:BTCUSDLong
by vanbored