Xbtusdlong
McAfee is Right and here is why!!! BTC ATH May 2020 is coming.This is simply beautiful! You can support this with many patterns too.. (3 drive/triangles)
CONFLUENCE - CONFLUENCE EVERYWHERE!
This is for those saying "how could McAfee make such stupid predictions" - Study the chart folks... He has probably been looking at the pitchfork analysis and volume alone. Again many ways to draw this better than what i did here. I can see how he is making his claims and although TA can support these things it doesn't mean price action will follow.
The stock market analysis shows it tanking in May 2020 as well hence why i believe this is real! I will post about this soon. Please comment below and post any ideas/analysis that supports or rejects! Would like to hear your thoughts...
Also could play out completely opposite if somehow the world saves us from a fiat market crash... ;)
short term (potentially mid term) long seupExited a short trade I put on in the 8200 range in the 7900's for some lackluster profit.
My reason for doing so was (given the higher lows) I expected this recent bullish impulse and now I expect it to go further before (again) being absorbed by the bears.
I do not usually go against my longer time frame bias but I am today because it seems high probability that we make another impulse up towards the 8400 - 8600 zone that could (given high buy volume) reach higher and even result in a reversal.
I don't expect a reversal though, rather I expect a decent but relatively weak bullish impulse that is reversed at the 8500 range, completing a head and shoulder pattern that could potentially break down impulsively below 7700 but no telling yet, we will see when we get there.
regardless this 2nd leg looks promising has good risk/reward and could result in a nice 3%
gain, so let's do it.
BTC Bullish DivergenceHello,
Bitcoin is forming a falling wedge which historically was followed by a sharp spike at the end.
This is supported by Oscillators that are showing a bullish divergence against falling price, if this analysis is true then we should expect a run towards weekly highs of $8800.
As to the timing for opening a long position, it is a good idea to wait until Bollinger Bands contract and see which direction the price goes as it can still go downwards one more time before a rise.
#btc # 4H #bitstampThey broke through the middle of the channel, settled on the support of the previous channel in the region of $ 8100.
The blue line acts as support. Locally, it can still grow to $ 8250-8300 as a test of the broken level.
And there you will need to watch the mood of the market ...
We are under EMA8,21,50,100
AEBTC BUY NOW UP coming soonAEBTC BUY NOW UP coming soon
What is your opinion? Please leave your comments.
Bitcoin (XBT) Bitcoin headed to 8000.Bitcoin should be headed to 8000. This is extremely likely. Unless support starts forming right now it should get there pretty soon.
Since there isn't much support building up at the lows, it looks like the high 7000s price will not be the bottom for Bitcoin.
Probably get out of your long positions. Looks like consolidation (waiting for positions) before massive dump which should go like the previous one.
The last dump was actually made extreme by some dumb whale(s) who were attempting to keep the price up. Then they got super dumped on and had to liquidate their entire position. (Probably not true but best guess after looking at data which shows someone trying to buy wicks up.)
Transfer of wealth.
Short Term Bull RunAs my previous analysis came true, now we can look for a buying opportunity. The Oscillator shows a clear bullish divergence from price action, which has been falling over the last 24 hours. Also the price action is trapped in a channel, once it breaks through the resistance line we can comfortably see a further surge in price up to the next resistance level of 8185, which is Fib .62 level. The RSI shows the market is in a moderately oversold zone that leaves room for an increase in price.