Bitcoin Halvening EST 23rd May 2020 Bullish case for BTC
Looking at the previous 3 halvening on Bitcoin
Price increase based on price of btc at halvening date & top price in between the halvenings
2012 -10$ + 9000% to $1177 by DEC 2013
2016 $684 + 2500% to $19764 by Dec 2017
2020 ? + 800% by Dec 2021
history shows
The % increase in price after each halvening decreases by almost a factor of 3
The key is what price will the price be at the next halvening then multiply that by 800% to get the top of the next Bull market in between the 2020 & 2024 halvening
looking at previous bear market the drop from the top has been 67%
If a similar scenario happens that implies a price of $6500 by 2020
multiplied by 800% (the increase after the halvening has taken place.
Next Bull market top could be " $52000 "
BITCOIN to HIT vicinity of $50000 By DEC 2021
Just an idea. Dont @ me
Reward
The Highs in the $SPX are a MIRAGE - Time to SELL!Bearish Divergences of this caliber is a great risk/reward scenario. Sell here and risk a new high.
BCH/BTC break out trade (short term)I've notice people either like bch or hate it as a coin.
I don't have any preferences to be honest. But I've done some nice trades in the past so I guess I like it. And it learned me some costly lessons as well.
After very encouraging run this week I was expecting pull back or some longer period of consolidation. I like the expression Sideway fuckery.
After seeing this break out of smaller triangle with decent volume I decided to go for a ride.
EDIT: Looking at Volume again - it doesn't look good on this chart but it depends on time frame and exchange.
I expect some pull back now with possible retest of triangle. But it can also go back for a few more days or a week for some more sideway action and stop loss will get hit.
Almost 4% stop loss is much more than I like. I might go for tighter. But reward is big enough that we are getting 10:1 on this trade anyway.
I won't be surprised if this stop will be hit and it might break out later . But anyway - I can always reopen a trade when new opportunity arises.
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The bigger picture
EUR/USD LOOKS BEARISH !!Eur/Usd pair is lined really nicely for a short position. Broken the triangle on daily and retested it. We saw a rejection at the trendline, resistence level and also at 61.8 fibonnacci level. With a stop loss of 90 pips, we prentend getting 200pips of this pair on the week ahead.HAVE A GOOD TRADING WEEK ALL !!
HTZ gains on a monthly basis!If this pattern continues there is a strong possibility for a major upside, standing by for confirmation on the 180 EMA. If this does confirm bullish all the way to 19.20 more would be great, but with great reward comes great risk. uc.
PURELY TECHNICAL LONG SWING USD/MXNHey everybody so I am a scalper mostly but since finding how easy it is to share analysis with Tradingview I figured Id just post my ideas since I am analyzing them anyways .. So, here is a decent risk to reward swing setup for USD/MXN .. Friday we had a pretty decent selloff .. The daily candle closed with a huge rejection wick off that daily trendline .. I will be seeking long opportunities to reach the weekly trendline resistance.. Enjoy and take at your own risk ... :)
Crude oil to see recovery from current levels!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - 2 daily
Timeframe - 1 - 2 Months
Actions on -
A – Activating Event
Commodity finds Support @ current levels . Commodity to move towards the @60 level,
B – Beliefs
Crude Oil needs to consolidate before I look at going long. I will stay on the sidelines until then. Will keep u posted :)
FX_IDC:USDWTI
Happy trading.
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
EUR/USD - Enter Long with small lot - Awesome profit potentialPrice fell because of Italy politics but I don't think the news is enough to have a bigger impact on EURUSD.
I don't usually try to catch falling knifes but here I have a clear and tight stop, so that a small trade doesn't hurt if it goes bad but is very rewarding in case it goes our way.
I have confidence in this trade because I can count 5 waves down in this wave C, meaning it ended + divergence started to build.
Trade Setup :
Long Entry : now or on trend line or MA break
Stop : 1.1429
Target 1 : 1.185
Target 2 : 1.210