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Bitcoin is primed and ready for some action As you can see. Btc was shut down last time a similar structure was formed. I don't expect a 50% but I do expect a proper 30% at least. That brings us all the way down to 38. This could hold here around 40s, but the way it shot up today was too fast and it will come right back down to 40, 41k at least. Depending on how we bounce we may go lower. 43k is crucial as its the 20 week MA. We have flipped it from support to resistance so we could actually go back to bear market status IF we lose it. The golden cross is another thing i want to discuss. It is going to fail. It will death cross. Then it will re cross golden in oct or nov. This has happened many times in BTC past. I expect a bull run later this year.
Long
by YourWifesNewBoyFriend
5
$BTC/USD: Moon Trading & Technical AnalysisBlessings dear traders of the Moon Trading family! I truly hope everyone is doing well and being extremely profitable! A profitable trader is the one with a great risk management and who knows to cut loses sooner than later. Be that trader for the sake of your millonaire future you! That said, let's check what BTC has been doing! We can see that the Fibonacci retracement is amazing when applied to BTC, specially in bigger timeframes. The deepest support is at the level of the Golden Ratio which is $48.000. The much easier support to retest is at the level of the 0,236 Ratio which is $57.577. What to expect on this powerful Aries Full Moon ? Well dear traders, usually the restest before going to the Moon is at the Golden Ratio, which personally I think is too far away by now considering all the extremelly bullish news of the coming BTC's ETFs. However, that would be a fall of just %20 ish from the current price, which is %5 less than the last Full Moon, so in theory it could easily happen. I will be a little bit more conservative considering how bullish October usually is and I will go with a retest of the 0,236 Ratio ($57.577) and possibly the 0,382 Ratio (around $54.000) being %6,66 and %12,12 of average fall in both cases, respectively. Remember dear family, never under any circumstances try to cheat the market or go against it, you will always lose. Instead of that, just wait for several confirmations before going short or long. It is much better to wait to the next Moon if you miss one, than to cut the trade with big loses because you didn't follow your plan or even any plan at all. Plan the trade, and always trade that plan! Don't speculate, don't gamble, don't do spiritism with trading, this is a financial and comercial science that you must study. Set a goal, 1 hour per day, or 2 or 3 or 8 if you can, take it seriously! And you will see your profits become x10 greater that your 9-5 job. Once you are there, you keep doing the same, but now creating generational wealth and financial freedom not only for you but also for your entire family! Peace and be safe!
COINBASE:BTCUSD
by nicolashuljich
2
Another reason for 200k+Disclaimer: I only use consistencies that are found in all cycles from '13 & beyond when predicting movement. There are a lot of them. First, I'm looking at the fib retracements that fall in a range that I define in my related idea '259k bullmarket top & how' or 'Holy Grail' for more details. Pulling the retracement from the bottom of the range and the 0.618 to the top of the range defines the 3.618 as the top of past cycles. This leads to a 222k top for this cycle, which is within my target prices (see related ideas). The next consistency is the amount of days we were in between the 0.236 & the 0.618 fibs. It was roughly 68 days in '13 & '17. We're looking to be on track to passing that 62k mark next week if this stays consistent between cycles. The time we reach the top from breaking the 0.618 isn't consistent, so I don't really speak on that. The time it takes gets longer, so maybe that would mean March/April of next year if that pattern continues. Final thoughts: My green 0.618 fib is my best guess as to where we currently are when comparing cycles. Each cycle sat around that fib for about a week and took another week to to pop out of the white 0.618. So that could be interpreted as October 21st when we finally cross that line. If we dip much further below and cannot rebound like in '13, I may have to reconsider a how the rest of this cycle plays out. By the amount of consistencies I've found between all cycles so far (see related ideas), I'm very confident that we reach 200k+ by year end.
INDEX:BTCUSDLong
by Ungovernable
18
$DXY: Moon Trading & Technical AnalysisEvery time this index goes up, stock and crypto markets go down, sooner or later, whitin the same day, and even in the same hour. The accuracy of this intermarket connection is highly great and for many fundamental reasons this is totally reasonable. As well can see here, $DXY is absolutely synchronized with the Moon phases, every single month, having an average growth between 1% and 3%. Right now, we can see in the RSI that it broke in a down trend on the daily chart. This means that we will see stock and crypto markets to raise a little bit more, till the Aries Full Moon, when usually prices bottom. Once the RSI for this index shows undervalue and the daily candlesticks are testing the support I draw in the chart, it is very likely we will see a bounce up. As long as any important catalyst shows up. If you are a Moon Trader as myself, or you are doing Swing Trading and you are already in great profits, I would suggest to set a SL so you don't lose your profits with the drop of the Full Moon and later on, once the RSI for the particular cryptocurrency or stock you are insterested in shows a buy signal (blue line breaks up trend over the red line in the undervalue area) then you can take a long positions using your initial investment plus your profits. We need to keep an eye on this index and the news of the FED and the US goverment, because as you will see, they impact heavily on this index and by extention, in the overall market conditions. This is not financial advice, but for educational purposes only. Always do your own diligent research. May you have a great and profitable day!
TVC:DXYShort
by nicolashuljich
1