BTC PREDICTION*Not a financial advice*
This is my bitcoin prediction, I think that the price will go fill the imbalance around 26k and then its going down.
Lowleverage
Bitcoin weekly parabolic retracement (long after dip)Hey guys, I got a BTC weekly market update and this is how I'm gonna do it.
All the white arrows demonstrates, whenever BTC has a parabolic push/run, it will always retest the EMA as shown historically. AKA a healthy "correction". So with a parabolic pump currently, bitcoin should very likely retest its EMA, i have tried to fill in the future EMA, it will not be 100% accurate.
ATH to ATL Weekly Fibonacci shows a 61.8% retracement. to some this might not be valid but if you're counting the weekly or month it does make sense IMO.
ATL to 2019 ATH 38.2% or 61.8% Fibonacci retracement. For bitcoin to be in a healthy bull run, the candle should close above the weekly EMA, candle wicking should be expected.
Red arrows shows the possible chance of retracing Fibonacci levels. Green circle shows how over bought it was on the EMA and RSI.
As much as I am emotionally feeling pretty bullish for bitcoin, if the weekly candle closes severely under the weekly EMA and breaks the ATL. I am afraid it would have been a fake out. Just remember, there is always a chance of this happening (highly unlikely). Do not be blinded by emotions.
I personally would be entering with low leverage (2x) staggering from the 38.2% Fibonacci to 61.8% and calling quits at about 6700. In a voliatile market, if you want to fish a good trade, I would lower all leverage but up all staggers. Remember there is no shame in using low to no leverage.
XAG/USD Advanced Analysis- EducationalYou might have to look at this for a little bit to see what I'm saying. I'm simply illustrating that Silver is still on its "B" wave. The reason I say this is because, after our "W" of the larger degree, it has been in what seems to be an obvious corrective swing pattern. It broke the equal length-1.236 extension of smaller wxy pattern (which should not be invalidated until break of 1.618 with price action confirmation) and went to pitchfork and equal length in time to "A".... so that is where it sits as of now. It is approaching supply level. So, my point is this. If it were to keep extending down, that should just mean a larger move up in the upcoming future. It can break the low and take off up for "C", it can pull up from right here for a lower shoulder. But my point is, if you have capital and patience, you have an extremely high probability of silver pulling up for a long wave. If it were to extend all the way down to 12.00-10.00 range that is a no brainer investment to me, so would they let it drop that low? Doesn't make sense. Could it take years? Could it consolidate in a sideways range? Yes, but that should just be an accumulation phase to go up. A lot of people hop on an "A" wave. Plenty of people probably bought Silver as it was shooting up and have been trapped, many of them probably closed and took a loss. That's why we get these long complex "B" waves. Is anything Guaranteed in any market?.. No. There's just probable and improbable based on how the market moves. What did Warren Buffet say?
"In the short term, the market is a popularity contest. In the long term, the market is a weighing machine."
"If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value."
"I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing."
"The stock market is a device for transferring money from the impatient to the patient." -- Warren Buffett
