How Bitcoin will move in the coming weeks (Update)As I said in the previous post, I believe that Bitcoin needs to touch the $ 38,000 to $ 40 ,000 price range once again to continue its rise.
Disclaimer!
The content of this post is for educational purposes only and is not a buy or sale offer in any way. You can use its information to prepare your trading plan. But you have to do your own research. Trading is risky and requires experience and is not suitable for everyone. Only you can be responsible for your trading.
Forcast
How Bitcoin will move in the coming weeksBitcoin price correction has been inevitable and predictable in recent weeks. I believe that Bitcoin needs to touch the $ 38,000 to $ 40,000 price range once again to continue its rise.
Disclaimer!
The content of this post is for educational purposes only and is not a buy or sale offer in any way. You can use its information to prepare your trading plan. But you have to do your own research. Trading is risky and requires experience and is not suitable for everyone. Only you can be responsible for your trading.
REEF what I see 4h ChartI just wanted to share my idea for REEFUSDT base on my BTC Bitcoin forecast
This is just my personal opinion, I don't have any market background, this is just based on the facts i know about the market for now and what i see in the chart.
I'm doing this kind of charts for 2 weeks now, keep this in mind too.
🎓#Derivatives 🎓 Straight Technical 🎓 $BTC / USDTWe have cleared our second target folks, our unbelievably accurate analysis has forecast this clean break into all time high with staggering accuracy. +280% in the bank.
Our setups will start looking short soon, but we still have a final target level up above. Don't be too eager to short this beast though, we just crossed $60 000 🤯
🔸 Leverage: x10
🔸 Current Price: $61 150 (+29.5% ~ 295% profit)
❇️Entry: ±$47 280
🎯Targets: $54 319 (+14.86% ~ 148% profit); $60 489 (+27.90% ~ 279% profit)
♦️Stop Limit: $58 375 (240% @ x10)
SPX's daily's Elliott wave Probabilities, if we are correcting ***101 Elliott wave Guide.*** Elliott wave is
like a stretch jeans, one size for all probabilities
---------------------------------------------
Wave 2: Common retracement levels
61.8%-78.6% of wave 1 (golden zone, most common)
May also be 23.6%, 38.2%, or 50%
AUD/NZD(Netural)Hello everyone :)
The main pick, personal for me is watching AUD/NZD. We can see that this is a trending chart and the main reason for this is because they showed the world, how to handle pandemics. This can watch as a two-case scenario. Why? Well from the fundamental point of view, we have as I mention before, handle pandemics very well, today New Zealand reports 0 cases in the whole country. Investors can watch this from the angle as like: okay they handle the situation very well, the economy is stable, maybe at the moment New Zealand is the safe-haven destination. But on the other side, we have also Australia who is handling the situation also as well(they reported today 2 new cases), but the new Bird flu: Russia detects the first case of H5N8 bird flu in humans, which can give also a huge boost to an Australian Dollar because as we know that Australia is the second-largest producer of gold(in big case they are connected) and when something wrong is going on at the geopolitical scene, world health scene, gold is going up as a world uncertainty.
When to start thinking about entering into the trade? My opinion is to wait and anticipate the behavior at the Asian session and start to look for a trade at the European session( Frankfurt and London exchange). But here is a catch. Well if you wanna keep trade for a whole day and start looking for the next Asian session and I would watch a
RBNZ( Reserve Bank of New Zealand) rate statement. If RBNZ keeps the interest rate, or they raise them, we will see short-term volatility on the market on the downside against AUD, but if they wanna lower them, they will push the market upside against NZD.
From a technical point of view as I mentioned before, we have a very interesting trading market, in the sell zone. For sell setup, we have a regular bearish divergence and that can be our sign, okay maybe is the market out of steam, and maybe is this a reversal time for AUD/NZD. Where to enter for the sell option? Well, I will wait for breaking the triangle pattern support level and waiting for the bearish engulfing pattern or some other bearish price action. Extra confirmation will be breaking EMA of 21 and 50 and if the price starts to move out below our EMA˙s, it can be a sign of good bearish momentum. TP will be a price of 1.06126( depends on your support and resistance strategy). Our SL can be above the nearest wicks.
For buy options, I prefer to wait to break the triangle pattern, making HH, HL with of course price action, testing our support level and there is at the moment EMA of 21 and 50 below and that can be a sign of bullish momentum. SL will be below the nearest LL and support line.
WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
REEF/USDT Price ForcastThis is my second publish. I am eager to know what your opinion is about REEF FINANCE. Please do not hesitate to comment and like. Thanks
What is REEF:
Reef is a DeFi platform built on Polkadot to deliver cross-chain trading.
Reef aggregates liquidity and offers automation. It also aims to address the security issues and other problems with centralized trading platforms, providing a decentralized environment to users to trade.
Technical analysis:
REEF has tested the trend line support successfully and breathed out, maintaining a healthy bullish pattern. ATH is $0.30 which would be expected to reach. During the rise and fall of altcoins, REEF/USD has maintained the steady and healthy rise, which makes it one of the assets to consider investing in.
Fundamentals analysis:
Due to recent events and issues with centralized trading platforms such as Robinhood, the demand and need for decentralized trading platforms is becoming a dream for investors and intratraders, specially amongst retail investors. REEF FINANCE claims to be the solution and their journey had begun even before the recent events.
Market Cap:
The market cap of REEF is way less than the market caps of other altcoins with no revolutionary objectives, giving it the room to increase. Providing that it increases, the price of the token will rise with it too.
USDollar:
There is no doubt that USDollar is getting weaker and weaker. That makes all the assets price rise, including REEF.
Concerns:
Not everyone knows about REEF FINANCE. It is a fairly new project, making the investment riskier and at the same time an asset with a higher potential to gain a larger margin.
Opinion:
Considering the technical and fundamental analysis, and the risk to reward ratio, REEF/USD seems to be a great investment with a high ROI. I am expecting it to reach $0.30, then a 30% pullback, and then aim to penetrate the $0.30 level. the numbers can sound "dreamy", but due to above analysis I think it will be achieved.
------ NOT FINICIAL ADVISE ---------
🏛GOLD RESPECTED RESISTANCE⏬WILL FALL↘️ SHORT🔥
☑️GOLD is still ranging between the 4 lines
Two horizontal and two falling diagonal ones
However, Gold respected the resistance confluence
And therefore I am currently bearish on gold
I expect it to go DOWN to retest the support
SHORT↘️
✅Like and subscribe to never miss a new idea!✅
SPX's Percent of Stocks Above 50d MA.
****************************
****Reading Table:******
****************************
-Green Lines readings below 10%
-Black Lines readings Between 10%-20%
-Red "Date Range" is reading above 90%
- Pinks are Crossing below 50% then
Crossing above it again. "Bottom finder"
-----------------------------------------------
Reading Between 10%-20% :
( 9 Signals)
--------------------------------------
Bottom
- before bottom
bottom
bottom
bottom
bottom
going down
botom
bottom
----------------------------
Conclusion:
-90 % success rate at Bottoms
-Much better surprisingly than
going below 10% which is most
extremes
----------------------------------------------------------------------
Reading Below 10% : (11 signals since 2009)
------------------------------------------------------
Bottom
bottom
False
bottom going down
3 weeks before a bottom
bottom
bottom
bottom
bottom
going down
bottom
-------------------
Conclusion :
- much better to wait for it to
crosses above 10% just to clear off errors .
- 54% confirmed bottoms,9% false signals
- 18 % going down to a bottom
----------------------------------------------------------
Readings Above 90% :
9 signals
----------------------------------
up swing ( small dip)
up swing
up swing
top "small dip"
up swing
top small dip
up swing
Major top
up swing
-----------------------------------------
conclusion :
- Small dips 7%-5 %
-89% of the time just up swing
showing how strong the market
is.
-11% Major top
------------------------------------------------
Summary:
*** Above 90% is just up swing, 89% of the time!!
***Surprisingly between 10%-20% is much better
than going below 10% ! !! 90% VS. 54%.
***Both lowest section readings either we are very
close to a bottom like weeks or at one.
***Like any other indicator, during crashes we
will get false signals across the board like allot!!!
*** All dips if i may say, happened between pink
lines when single or between them for longer pullbacks
Bitcoin Next Projected Rally, (Last Time To Buy Below 10K?)Please share your thoughts and opinions. If you have any questions please feel free to ask.
Above is my projected estimation of the next Bull Market.
I will be executing a buy on or around March 26th 2020
From that buy I will be Holding my Buy until October 13th 2020 (TBD By Future Analysis)
Stop Loss will be set at or around $4,200
Take Profit $18,000 (TBD By Future Analysis)
***I am not a FINRA registered agent or broker (As of Yet) and this is not financial advice, Please always do your own research, As Bitcoin is a highly volatile asset.***
EUR-USD What next? Two Scenarios in a new Channel!
Hello, Traders!
EUR-USD is now trading in a new channel
And so far it seem like there are two potential scenarios
1- The pair will first go Up, to resistance, then Down to support
2-The pair will first retest support, and Only then go Up
To retest the channel boundaries
So far EUR-USD seems to be following the first scenario
But lets see how things play out
Like, comment and subscribe to boost your trading!
See other ideas below too!
Bitcoin went full-on parabolic & watch price move even higher...Bitcoin has been the best performing asset of the year, and is certainly challenging the hegemonic order of global finance. What a blessing to be in this bull market guys!
When compared against all legacy financial markets such as Gold , Spiders, Diamonds and the Q's it has outran them all.
We are talking about a stunning year-to-date gain of 148%!
Here are some key concepts to consider:
• Institutional Adoption - MicroStrategy , Square, PayPal (4% of the total supply of bitcoins now reside on corporate balance sheets)
• Paypal and Square treating clients like a bucket shop holding the actual asset for them and only enabling clients to hold. Again good for the price as supply is trimmed down as price bids up.
• CME Group advised open interest on Bitcoin derivatives has reached its highest level ever
• Whales will accumulate the underlying asset to "control/manipulate/influence" the price as a few % points will enable them to make the derivatives market & kick the price around
• Retail all at this point sitting in profitable positions encouraging "hodl" culture
• Viewpoint evolving from retail "median of exchange" to institutional store for wealth or engine of wealth as the derivative market becomes popularized
• According to Forbes "60% of the available supply of bitcoin has not moved in the last year and over 40% has not moved in the last two years."
• Bitcoin flooding out of exchanges at the most rapid rate of its history indicating this is camping in long-term wallets
• Google keyword volume for Bitcoin is only 10% of its peak (2017 runup) indicating retail is not driving the relentless volume
• Technicals are all incredibly bullish - moving averages are all pointing straight up at a very steep angle
• Seeing comments on how the RSI is indicating oversold - it is worth touting that oversold conditions can continue on for a very long time
• Macro environment of central banks easing and pushing for higher inflation targets makes this financial product an outlier as it is engineered to increase in value and not inflate away
• The U.S. Dollar Index is down 0.25% Tuesday and continues to be in the doldrums versus a basket of other fiat currencies.
• Articles speculating into the future (after firmer regulation) that Fidelity/ Blackrock /Vanguard some massive player will introduce a low fee passive ETF fund which will require a huge amount of the underlying asset for the fund creation. Similar thought process of why the TSLA price runup with their inclusion into the S&P 500 - forced institutional buyers as they balance out the passive spider funds
• Adoption and regulation of BTC coming however the SEC is already offering clarity (links below)
• Gary Gensler (Former chairman of CFTC) was tapped to lead Biden's financial policy transition team concluded "that XRP and ether should be regulated as securities."
• Fun idea here, but I have seen so much grumbling from gold bugs on how gold is a greater store of wealth. I likewise am a goldbug and continue to accumulate gold as well - worth stating though what happens in a generation from now when we final visit the last frontier and become a space faring race and start mining asteroids? Supply of gold in the future may be remarkably more prevalent than we could possibly imagine.
Am I one of those calling for $100k in price? Well let's target 19k first bulls.
Sources
www.forbes.com
www.forbes.com
www.forbes.com
www.forbes.com
www.coindesk.com
www.theblockcrypto.com
www.forbes.com
www.coindesk.com