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Bitcoin Good Accumulation Area.For everybody that was upset they couldn't get back in at below $60,000 well here's your chance. Below the 50,100, and 200 day moving averages. We're very oversold on the 4 hour Relative Strength Index as well. Anytime I see Bitcoin drop that low on the RSI I believe it presents a great entry and accumulation zone. But I'm no financial advisor. It's beautiful to see Bitcoin holding well and strong above $50,000 further solidifying Bitcoin as a base floor price of $50,000. We shall see. Don't be that girl or guy wishing they purchased when Bitcoin was below $100,000 before it become "TOO EXPENSIVE." This is the greatest asset of our lifetime. Everybody should have a goal of owning at least 0.28 Bitcoin for your family and portfolios.
COINBASE:BTCUSDLong
by peacefuljustin
2
Somewhat bearish towards BTC mid 2021The Price of Bitcoin has just been in an insane bull-ride for the last roughly 160 days. I belive it is possible that the end is during 2021. When I say the end, I dont necessarily mean a drop to zero, but a recession. Abstract If our financial system is to take an historical hard punch to the guts, then yes this is 100% plausible. If not I do not believe Bitcoin is going to have a new Huge Bull run in 2021. The reason for my belives are as follows: 1.Interest rate Interest Rates are close to zero in alot of countries. This insinuates that the economy needs support. But to get back to normal, interest rates must increase. I believe businesses, households and the economy in general is now very sensetive to an increase. Therefore increasing it too much to fast, will give us some what drastic results. Increasing the interest rates makes money a little more scars, so prices will/ Should decrease, also including stocks and financial markets. Intrestrate > 0, -> Affordance < 0, Market Prices < 0. Inflation < 0 And therefore BTC < 0. 2. A decrease in money supply. Our financial system has been on "life-support" since march 2020. I dont know if states, and coutries has taken too much water over their head, or if they even know what they have caused. If we are going to have a well functioning sosiaty agian, then a decreesing moneysupply would have to be in orther. I dont know at what paste it will happen, but I belive that it is quite delicate and sencetive. Therefor a change in this will also affect the market. A combination with a decrease in money supply, and the interest rate I believe can cause a drastic shock. The reason for this is that money becomes more scars. (Less money). Since though lower interest rates and an increase in money supply should help the economy, in that way the households should ree-use the money in the normal basket of goods, I do not think this is the case.. I think what we have seen so far is: a) Loans increasing b) The stock market increasing c) Consumer goods increasing d) Real estate increasing But if it is done, with extreme caution, I believe a calm recession is in order. But I believe it's going to be difficult due to international relations in finance and economy 3. Elliot Wave theory "The 160-days trend" has definitely just ended according to the Elliot Wave theory. That is not to say it will engage in a new trend, but this one, I now consider over. The theory reflects and quite simply states that the pure and natural market psychology often have a tendency to move in waves of 5. It is intuitively connected to how we react in different situations, though we can not draw a conclusion that Bitcoin is not going to move higher because of this. It simply tells us that what i wil call huge "160-day trend" is over, and wil now engage in a "Random-Walk", or new trend. 4. What goes up must come down. Newton's third law of motion states; "what goes up must come down." To an extent this applies to the stock market as well. Theoretically the price could move to infinity, Though I do not believe this is likely, either prectical or empirical. Also seen historicaly I think newtos third law applies. When ever something pumped up, it's almost always bound to fall down. Maybe it is an natural error in our system not yet fixed, and therefore I dont see why it should be any different this time. The rather sad truth behind newton's third law is that the higher up you throw the harder impact it's going to have on its way down. 5. Gold effect Often in bad financial times, we run to gold, real estate, and other physical objects that serves as a store of value. Bitcoin could give or have the same effect. One could then argue that it has to be with trust, since Bitcoin is not backed by anything physical, but again so is the dollar. (Not backed by anything). So if interest rates increese, and money supply stops. Or if money supply increases. its going to affect the economy bad eighter way. Since though our goverment we dearly trust, gives us the currency we are obliged to belive has value, now could prove to fail us, how would we react? The answer to this could very well be Bitcoin. Therefore it's quite difficult to say. Some might call me naive, but I do not think this will be the case.
COINBASE:BTCUSD
by chribe92
1
BTC: Similarities in the 2017/2021 parabolic waves?I thought this was interesting. Looking at the parabolic wave of the 2017 BTC bull run, you can see two corrections, following each other in sequence, that appear to have the same general structure seen in BTC's present parabolic wave. November 2017. Clear W formation, a break above the previous all time high, downside move to the neckline of the W formation, followed by a longer retracement and continuance to the upside. This was preceded, in June-July, by a peak, followed by two M formations, and continuance to the upside. I'm not saying the same scenario will play out now. Or that BTC's bull run with end anytime soon.
BITSTAMP:BTCUSD
by ianrdouglas
Possible next hours BTC WITH NEW BREAKDOWN TREND TO 44k trendHallo friends, As we know we shoud follow the markets with time, and market change 24/7, there are some signals from the market that its possible that we can breakdown back to 44K area. As long we stay above 45K, there is an up trend area At this moment the trends looks green, we will see or it will effect bitcoin, as the chart increase looks from the data area not healty. What means this update? A new expecting for breakdown trend on bitcoin we are now above 49K # Its day trade update - not for long term. Follow/like for more ideas. Think always in 2 side order, and go with the market. Discipline are the key to success - Take profit - Learn from your mistakes and never give up!
Short
by watchtrend
BTCUSD 9 December 2020 - Weekly TimeFrameHello traders, here is the full analysis for this pair ... I saw a butterfly pattern on the weekly chart We were on board for the rally and now it is time to rest. You may not short but consider to take profit and wait for the next bull run setup... first support on the daily chart 12065.82 *Support this idea with a Like or Comments if you find it useful* ________________________________⠀ DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only
BITSTAMP:BTCUSD
by saeedmp
1