We are looking for a channel which is valid for over 10 years. Currently the price is holding in lowest point of the channel and we could expect some bulls to take over and push the price to the next level (as green line suggests) The other scenario is that the price drops from that 10 years channel and stops on the 2015ATh support. Next few days will tell.
We are looking at DJI 10years channel, and the price is currently sitting on the bottom of it. We can expect a short term price increase, but later the most probable situation will be the re-test of 2015 all time high support.
It was a crazy weekend. Whales moving huge amounts of cash from exchanges and on exchanges. Nobody really knew what will happen. Also it was the first time, BTC didn't adjust to stock market % of gains / losees. That correlation was quite funny last few weeks, if Markets closed with -7%, also Bitcoin did. firstly it moved up, and in the end Bitcoin always...
So many different opinions right now. How to decide what to do? We are in so called no-trade zone, impossible to predict the next movement. Rise or fall, nobody really knows. Majority of laverage positions were REKT already, more to come, I'm sure about that. So as a trader, back off & observe the situation. Whitin a week or two the new support and resistance...
We were a witness to a huge drop which was a manipulated move. Yes markets are crashing, Yes Corona virus is on a spree, but a moves which breaks several strong, historical supports in one one day, is far from normal behaviour. Can there be another drop? Whales could allow it, miners wouldn't. Average global cost to mine one bitcoin is $5400usd. Pretty much...
As I showed in other predictions but in smaller time frame, this chart points the same. Bitcoin has touced the bottom. History do repeat itself, this market is cyclic. Chart indicates that now is the time to buy Bitcoin. I would be careful with opening long positions, because there could be some manipulation and price rejection with just that reason. To...
BITCOIN every resistance touch causes major drop, and every break of resistance trendlines brings massive gains. Apperately we will need to trade between these lines, and observe the future movement. The yellow support trendline still holds. From 2017, so I'm thinking we are not going to fall under that. No way. Next resistance trendline will occur in Aprils ...
Once again we are checking to logarithmic Bitcoin chart. We see two mayor resistance lines. Once was broken in the middle of 2019 spring which brought us significant price surge and the second resistance that holds from 2017 still holds. I think bitcoin will retest that RL again and probably won't brake it. Not just yet. So we can see a slight drop to a most...
In this idea we see where it all begins. With 2016 Bitcoin halving in July (shown by upright line on the left) After 2016 halving price dropped a bit, and then wen't fully parabolic. This spring again the same event will occur, the halving. Bitcoin rewards that go to the so-called miners that support the coin's network drop in half in order to prevent inflation...
Bitcoin is in asending pattern. Minimum price that is predicted for February is ~9500usd, an max is ~11000usd If there will be breakout in lower channel or upper channel, then we could se significant price movement, but there is no drama in bitcoin lately, so propably it will continue to clibm via that channel as predicted. Happy trading :)
I made an example of bitcoin logarithmic chart, with the existing uptrend which never broke. Becides that in chart you can see, that every week that passes, there is a higher "lowest point", and it grows per ~100usd per week. Since this is historical chart and as we see that bitcoin never disobey following that trendline. So million dollar question. When...
@bitcoin is going sideways for some time. This prediction shows crucial support lines, and the trend bitcoin could follow. Scenario 1 (green) - I think more likely, because Bitcoin mostly does what noone expects. So, in the era of doomsday predictions, bitcoin could say FU and go straight to the next resistance, which will become support again. Scneario 2 (red) -...
Scenario 1: Bitcoin is sitting on a long term support. If it's gonna hold to it, then It will slowly move to uptrend cycle. Scenario 2: Bitcoin won't be able to hold he first support, and will fall to second (lower) one. After finding this support, bitcoin could bounce really fast to the next one, do a re-test, and then organicly move upwards. The curve in the...
Bitcoin went through small resistance, which became pretty strong support, but will fail to directly skyrocket through another resistance. So my idea is, that it will return to previous support, and then shoot itself to the pointed level. Weekends are bad or good? Black friday, time to shop or sales. Depends of the mindset. Businesses sell, people buy. Who will...
Bitcoin is forming a bull flag, which will show the price increase in the following days. Doom boys are screaming "sell, sell", so that is usually a strong signal to buy. I'm not the one to judge these doomsday predictions, but bitcoin is a superstar, a superbrand and it is not going anywhere. Long term prediction for the next 6 month is still 30 000 usd Big...
Lots of questions, as when will bitcoin reach new ATH? Someone says never, someone says around new year, this chart say.. this summer :D Lets try something for fun, and use Japanese technique for Bitcoin price prediction. The Kagi chart was originally developed in Japan during the 1870s when the Japanese stock market started trading. It was used for tracking...
ETC made similar profits back in March, in BTC pair. Back then it was snapshot, now the event is bigger, ETC will fork. Do not expect huge growth, but 40% is very realistic. I'm going to buy it now, and sell it 2 days before hard fork.
May will be month of STRATIS. They will release some cool products for developers. BINANCE:STRATBTC "Another milestone coming.....We are releasing our Smart Contracts Alpha on the 16th May! Allowing developers to write smart contracts in C# #blockchain #crypto #smartcontracts #dotnet $STRAT"