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BTC - Daily Trend Bearish - Buying Opportunity to $6k PossibleDaily trend on BTC is bearish. Possibility of decline down to $6K. I do not see us going lower than yellow support line for Outter Space chart. RSI and trend dots are already low in position, so we should not see drastic price declines from here IMO. Halving is 5 months away. Based on previous patterns, we should see price increase into halving. Green box on chart is Buy Zone. I would consider buying all weakness down into $6k if you are holding into 2021. You should see greater than 2x easily by holding for only 2 years (this is very conservative estimate). News- Co-integration of S2F model and bitcoin price now being taught by hedge funds twitter.com BayernLB Presentation in Denmark (I believe Denmark) twitter.com If they are teaching about stock to flow at the financial institutions, and publicly bashing BTC in the media, that should confirm they are IN ON IT. Banks are learning about BTC for investment while giving false negative impressions. Outter Space BTC Chart Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long BTCUSD, GBTC
BITSTAMP:BTCUSDLong
by MoneyPatterns
1
BTC - In the BUY ZONEBTC is in the Buy Zone (current price down to $6800). I do not think we see the Nov.25 low of $6500 again. RSI is currently below 40. RSI was recently as low as 22. If we see RSI this low again, this would be like a double bottom on RSI which I consider bullish. Based on the RSI trend, I don't see these "BTC going to 5K" predictions accurate. This would imply a mass exodus of BTC during high economic uncertainty, right before halving. Sounds like fud to me. I am watching the price and 10WeekMA wanting to come together like magnets. When that happens - we are on! Until then - by incrementally into the weakness until we see a flip bullish in the weekly. Then pour gas on the fire. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL BTC Outter Space view - Says by 1/1/2020 we don't EVER go below $6 again. EVER. If we do, we violate 10 year resistance and stock to flow.
BITSTAMP:BTCUSDLong
by MoneyPatterns
4
BTC - End of Year Buying OpportunityBTC may be entering the Buy Zone into the end of the year. 10WeekMA looks to intersect with price (unless we get a selloff) around Dec.31. When price goes above moving average we should go up for weeks. Next Weekly trend is bullish on Filter Dots. Anything around $7K I would be buying for long term holding. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL
BITSTAMP:BTCUSDLong
by MoneyPatterns
BTC - Still in Buy ZoneAll daily trends are holding - showing RSI trend is bullish and next overall trend will be bullish. Capitulation dots confirming we are bottoming into the point of the descending wedge. Buy Signal is showing on Daily candle. We may get a Daily sell signal in a few days as we get another dip down into the tip. In the next 3-5 weeks I think will be the last turning point before we move higher into halving. This is an excellent 6 month - 2 year buying range (2X to 10X+ possible). Anything under $7K I would be a buyer of with both hands. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL, ROKU.
BITSTAMP:BTCUSDLong
by MoneyPatterns
2
BTC - Buy Zone Getting Smaller - Get It While You CanBTC showing several bullish signals going into the turn - up into halving. Cross of 10WeekMA will confirm bullish trend upwards to retest previous highs $11K+. Buy zone is getting smaller which is a good sign. Bullish RSI Divergence and next trend showing bullish confirm we are in a turn. Capitulation dots show we are towards the end of the downtrend - almost at bottom. I think based on the pattern, previous repetitive chart history, halving, and stock to flow - WE GO UP. PlanB - 12/3/2019 "Getting some questions about why in previous halvings (November 2012 and July 2016) it took well over a year for the market to start surging.. Well, it didn't .. look for yourself: in the chart the halving is when blue turns to red: the market immediately rises after a halving" See chart in link twitter.com Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY , AAPL, ROKU
BITSTAMP:BTCUSDLong
by MoneyPatterns
5
BTC - 4Hr View - Cup & Handle PossibleThe 4Hr bullish support line (green diagonal line) is holding. Cup and Handle neckline is is around same price of 4Hr trendline, meaning possible pattern completion is possible. Red stair step line is 10WeekMA (or 50Day same thing). Price above red zigzag line will continue bullish trend significantly. Filter dots show next trend on 4HR is bullish. Next EMA Cross is bullish. If we break green trendline, Cup and Handle is out of play. Dec. 3 - Green line support trendline meets Cup & Handle and completes, or fails. I am not sure if all these bullish signs on the 4HR view are enough to begin the trend upward into halving on the Daily. I do think we should be close to retesting 2017 ATH's around the halving in May 2020. PlanB agrees that we should begin our uptrend soon. He sees it more than possible BTC going to $10K by year end 2019. 2017 highs were above the stock to flow prediction band on the chart (better than expected rally). We are within the bands now, just like $100k future price is within the bands during the anticipated peak coming up. :) twitter.com BTC investors expecting to hold for anything around 2 years from today, in my opinion, should NOT worry about any 20-50% correction at this price. Any 50% correction on the journey to a 20X return (2000% gain) is totally irrelevant. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
COINBASE:BTCUSDLong
by MoneyPatterns
1
BTC - Entering Buy ZoneSell on the Daily but a Buy Long Term. BTC looks like continued bearish consolidation BUT...we are close to the turn. Looks like BTC may want to play down into the $6500 range. However, it may not. If you want a good price, but worry about getting left behind wait for price to enter anywhere under $7k and make small purchases. Based on previous patterns and upcoming halving, we should be seeing a decent price increase into May. It may take until late January to start the more rapid ascent, but this is more time to buy at low prices. If you are thinking about the 2021 peak, this is an excellent entry point today. I am expecting greater than 10X by December 2021 from current price levels. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
BITSTAMP:BTCUSDLong
by MoneyPatterns
4
BTC - EMA Cross at $8k Sends Us HigherBTC overshot the support (like usual) and is bouncing back strong into December. Confirms Bullish Trend - RSI broke downtrend. Low and plenty of room to rise. Filter Dots show bullish trend just started. Intraday Momentum (bottom indicator) was totally bottomed out. Plenty of room to rise. Bullish EMA Cross incoming on top chart around $8000. If we get above this, we should see bullish momentum continue. 200MA dashed line is slightly above. If we cross this dashed line, this will confirm bullish continuation. Congrats to those who bought this last dip. We are still in an excellent long-term entry point. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
GEMINI:BTCUSDLong
by MoneyPatterns
1
BTC - Turning Point - Going UPWe have finally reached the end of this descending wedge, suggesting a bullish breakout. The price position in the bottom resistance towards the end of the triangle suggests breakout through top at end of wedge. Daily candle today is flashing a Buy Signal. RSI trendline is almost ready to be broken. Fisher Transform flip to bullish occurred. Bullish confirmation on Filter Dots coming momentarily. Based on the pattern, by mid December we should stay above $7k forever. Yes, forever. Bottom log trend line being broken would be a first in over 10 years. For this reason, I don't feel we go below $7k ever again after December at latest. I think that once we see a pullback in the SP500 and other overbought markets, this will drive cash flow to BTC. Money doesn't like to sit still, banks have zero interest, stock market will be correcting, and riskier assets like BTC look more attractive. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
COINBASE:BTCUSDLong
by MoneyPatterns
3
BTC - Futures Confirm Bullish Reversal Coming (Weekly View)Weekly view confirm that the downtrend is fairly exhausted at current levels. Gaps below are all filled at this point. Only up-gaps to fill now, which indicates upward price movement. This is confirmed in the shown chart by all 3 indicators at bottom. Ready for reversal. I agree with PlanB that this is just normal BTC behavior. "It's just normal #bitcoin behavior. Note we are still up 2x YTD. And yes, S2F model is just fine, nothing out of the ordinary. " BTC still one of the best performing assets of 2019. twitter.com Buy when there is fear. Sell when there is greed. This should be a clear buying opportunity. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
CME:BTC2!Long
by MoneyPatterns
8
BTC - Rebound in Days or LessRSI is 24 on BTC currently. Other indicators like Fisher Transform and Filter dots are at the lowest point since the Nov. 2018 selloff. To me this signals we are at the bottom. Rebound is not only immenent, if it follows the last dip to this point we should see 100%+ returns in the next 6 months or less. We are currently resting on the pink diagonal support. We could descend further into the wedge. The bottom red line support is a log support line from the beginning. I do not see us going down this far, although its possible. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
COINBASE:BTCUSDLong
by MoneyPatterns
2
GBTC - Confirming BTC Bullish Reversal IncomingGBTC confirming BTC chart bullish reversal coming soon. RSI is low, almost at 30 where it always pops shortly thereafter. Fisher Transform ready to flip, same as BTC chart. Filter Dots show bearish trend is exhausted and ready to flip bullish, same as BTC chart. Gaps Only down gap to fill (red box) is cut off by log support line which has over 20 points of contact. Either we hold log support or go roughly 30% below support to close the gap. I feel this is highly unlikely, especially pre-halving. All yellow boxes are up gaps to fill, implying we go up from here. Price Price is chillin on flat support of wedge. Additional angled support/resistance combo line adds to support. Cup and handle is rough here, not mathematically precise with handle at .618. But still fits the wedge, price, and pattern. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
GLong
by MoneyPatterns
BTC - Coiling The SpringBTC is ready to make the turn folks. Get in where you fit in, or get left out. Gaussian Channel is holding for almost a month. Price has followed trend into the "Buy Zone" - $7900-$8600ish Short-term support is holding with multiple points of contact. I do NOT think we will go down to the log support line. In the past this happened 3 years post halving, which last was Dec. 2018. RSI is ready to pop following a falling wedge pattern. This is bullish. Fisher Transform ready to flip bullish. Filter Dots are ready to flip to bullish. Based on the chart and indicators I think we are ready to flip BULLISH in the next 3 days. I also feel that once SPY and most market goes into correction given current overbought status, the money will need to go somewhere. SPY at all time highs means pockets will be full of cash for high risk assets once the DJIA, NYSE, and NASDAQ markets starts falling. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
COINBASE:BTCUSDLong
by MoneyPatterns
BTC - BUY HERE! - Ready to get BULLISH!Price stopped right at the bottom of the Gaussian Channel. Hmmm....funny how that happens. This is the Loading Zone people. Buy this dip! We might hang around here for a few days but anything $8100 or less and you will thank me later. I have a feeling that SP500 and most equities are going to have a pullback right around same time BTC runs up.....Merry Christmas :) The statement below from a man wiser than myself confirms SP500 is going down, and BTC is just getting started. John Templeton - “Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria,” he said. “The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY. Short SPY and AAPL.
COINBASE:BTCUSDLong
by MoneyPatterns
2
BTC - Bitcoin Loading Zone - $7900 to $8600 OR December 1stBased on my technical analysis we are in a loading zone until December 1st or price crosses Gaussian Channel midline. I consider anywhere from $7900 to $8600 an excellent long entry point. If RSI goes to anywhere around 30 on the Daily, this is a excellent buy point given our current price. The farther price gets away from Gaussian Channel midline, the stronger it whips back to center (and typically crosses). Around Oct 20 price went above upper channel boundary, indicating turn to bullish. We are seeing the retest of the center line before price crosses the midine. If we look at the larger patter on the Daily, we are still in a Bull Flag or Pennant formation. Everything is pointing to a bullish reversal here. :) Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - Long - MARA, GBTC, BTCUSD, GDX, VIXY . Short - AAPL and SPY. I will have some other short entries (Shorting or Put Options) I will be posting this week coming up for the Holidays. :)
COINBASE:BTCUSDLong
by MoneyPatterns
1
BTC - Like Groundhog Day waiting for Buy Zone From the "Same Chart Different Day" Series I've been posting. RSI stability from past charts holding from 11/8 until present (11/13 today). Despite lack of volume and sideways price movement, we see stability in price and RSI. To me, this indicates a turn or bigger move coming. BTC only trades sideways for long. Either whales are propping this up for a dump (pre-halving this doesn't make sense) or whales are re-accumulating between $7900 and $9100. Crypto Fear and Greed Index is 38 (Fear / Low) - alternative.me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
COINBASE:BTCUSDLong
by MoneyPatterns
BTC - Same Chart Different Day - Accumulate HereThis is literally the same chart I posted last week. Price is following the Gaussian Channel midline. Gaussian Channel has held for 2 weeks, so I consider the TREND INTACT. Fractal is not exact. Orange arrow line is 200SMA predication line. Watch for price to cross above this line. Yesterday, the spike in price was stopped by the 4HR - 50SMA before crossing the other MA's. For this reason we are very close, and making the turn in the channel, I feel by New Years will be climbing higher toward halving. New Years will also be closer to recession, which I feel is immenant. The 2YR/10YR yield inversion has 100% SUCCESS RECORD IN PREDICTING THE LAST 7 RECESSIONS, where recession happens within 12 months. "The ‘mother of all bubbles’ could blow up the economy if profits don’t improve" www.marketwatch.com
COINBASE:BTCUSDLong
by MoneyPatterns
BTC - Short Term Bearish 4HR - Long Term BullishWe just turned red on Gaussian Channel on 4 Hour. We might get bearish over next few days. Excellent entry in BUY ZONE green box. We may get slightly outside Gaussian Channel. If we do, watch RSI for getting to 30 for strong rebound to enter for long position. 200SMA is going to get lower right around the same time we look to be scheduled to turn the Gaussian Channel. We should be seeing increased volume, RSI increase, turn on Gaussian Channel, and rise above 200SMA for confirmation. "institutions are now net long 880 BTC contracts, compared to 660 BTC the previous week, as short positions have fallen because institutions are likely expecting a breakout in the upward direction." Source - 22 hours ago - www.newsbtc.com Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.
COINBASE:BTCUSDLong
by MoneyPatterns
BTC Halving's - Past and Future - From Outter SpaceIf we take today's price $8800 and use 49X = $431,200 If we assume BTC halving’s produce less returns by half, we still get roughly 24X from today until December 2021 peak (2 YEARS PEOPLE) - $8800 x 24 = $211,200 which has high correlation to the chart shown and stock to flow (which is 99.6% correlated to BTC price). WE ARE SOOOOO EARLY PEOPLE. I’ll say it again, if you need to pay rent then sell your BTC depending on your issue. If you want to buy a house and stop paying rent, buy and hold. Use averaging for best price. Please go to dcabtc.com for a BTC dollar cost averaging calculator which compares BTC to other assets. You will see that BTC still has the most positive returns despite any short-term volatility. Everyone needs to have a reserve of cash. I fluctuate between 10-30% and BUY THE DIPS. Go talk to someone like Tim Draper - "Even during 2017’s market run-up, which sent Bitcoin to $20,000, he didn’t sell his stack for fiat. " Draper "purchasing 29,656 coins at $632 apiece — $14 above the going rate on spot exchanges. In all, he spent $18.74 million on Bitcoin." Maybe Draper sees the bigger picture, or some TradingView members are just too shortsighted to see the larger picture. Which are you? Source - www.newsbtc.com
BITSTAMP:BTCUSDLong
by MoneyPatterns
11
BTC - Fib Retracment and PlanB Responds to Flaws in S2F ModelTwo possible Fib Retracements here. Chart shows most recent high Fib Retracement. Using 2nd previous high, we are resting on 0.382 retracement. I do NOT see us going outside the Gaussian Channel. I will be adding anywhere in the bottom of the channel. PlanB Responds to Flaws in Stock to Flow Model - www.youtube.com Basically has another quant try to prove him wrong and can't. Then another quant tries to prove quant#1 wrong and can't. Articulate, professional, logic based explanation from someone humbly and skeptically trying to not over exaggerate the model due to high price finds the highest price model most accurate and uncrackable. THE BEST PODCAST I'VE HEARD THIS MONTH. - MAYBE NOT TODAY....BUT WE ARE DEFINITELY GOING UP Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.
COINBASE:BTCUSDLong
by MoneyPatterns
2