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$400-820K by Fall 2025In Bitcoin's short history, we've learned a couple of things that may remain consistent throughout Bitcoin's future (at least until the volatility decreases). 1: After each bull run, there's approximately an 85% correction 2: During the first two 4 year cycles, the angle for the top of the bull market (peak price) has decreased from 56 degrees to 39 degrees, which is a 70% decrease in peak price. 3: The 200 week moving average (shown in purple) has provided some major support throughout the bull and bear markets. 4: The 20 week moving average (shown in pink) has provided some major resistance throughout the bear market and support throughout the bull market. With a decreasing angular projection of future price at 27 degrees from the current low of $3150, we can forecast the range for the next bull market do land somewhere between $75K and $370K which will occur in the latter part of 2021 or early 2022. Why such a wide spread even though we know the angular projection goes down by 70% in each cycle? Simple. We have yet to see crypto become mainstream, everyday usage technology, like the smartphone and internet. When it does - and it will in the near future, we have to account for the hype and rapid adoption at some point, and I believe it is going to come in the next two cycles. Decreasing the angular peak projections by another 70% to 19% for the bull run starting in 2023, we can project the next peak to occur around the latter part of 2025 and range between $400k and $820K. At this point, the volatility will be very low and the price will continue to rise to around $1M over the next 4 year cycle. Hoping for the $370K and the $820K. (;-) CryptoJammer
BITSTAMP:BTCUSD
by kwgumuc
Technical Framework for Beginners 101 Part IIHi there, The goal of every market speculator is to be able to think and trade confidently themselves. Not having to rely on anyone person. But to get there you need someone to tell you some basic first steps. If you are just starting out there's no need to go full obsessive reading every TA publication on tradingview. In most cases the best way is to simply just do it yourself. Be original. Come up with your own ideas and creativity. Don't be afraid to be wrong. Experiment with all the drawing tools and analytic tools on tradingview. To summarize my main points during this 2 part series: 1) If your end goal is to be a market speculator you need to be a STUDENT of your asset. Study it. Pretend it's your child even. Get to know it's temperament. Look at the entire price history of the chart. 2) Create an economic cycle report showing all the bull and bear cycles, noting periods of Greed, Fear, Despair, Accumulation. Note how long these different cycles took. Having this knowledge will allow you to better understand the current cycle we are in and where things might head. 3) When you are first starting out always study the longer time frame charts. Daily, Weekly, Monthly. Anything less than an hour takes lots of skill to trade. 4) Get to know common moving averages and what they can tell you 5) Note previous major resistances and supports on your chart based on historical prices 6) Get to know your friend Fibonacci 7) Get to know different momentum indicators 8) Lastly - always make sure you technical frame work is super clean and concise. It should never EVER be cluttered. Just because a chart has a million trend lines and indicators doesn't mean it's good. Mostly likely it's garbage. Anyway, I hope some of the info was helpful for you. Again, 99% of the leg work will need to be done by you and that's ok. If this is something you really want to do as a profession someday you'll be disciplined to learn as much as possible. Take care and hit me up with any questions. I like being engaged with the community on TV Regards, Bobby
COINBASE:BTCUSDEducation
by UnknownUnicorn1615160
$BTC - #Bitcoin-Daily-Update #23 - Day Trader Explains Hello Lads and Ladies, Welcome back to TJ's TA sessions.- The Daily BTC Update #23 What happened in the last 24h? In the last 24 hours we saw quite some movement. Especially after the last few days being very bearish, we saw and see still more downwards movement and expect it to continue. Nevertheless, we saw on altcoins and btc a mini bounce from its daily lows, failing to break important supports, yet turning the previous uptrend into resistance. This is going to be a very important topic today. Most important S/R right now? 2939 3030 3100 3160 3200 3250 3333 3434 3550 3666 3730 3812 3929 4077 4123 4169 4382 4658 Gained lost %? Since the opening of the new daily, we wicked down -2.44%, but gained 0.20% in $$$ down 84$ but up 7$ MarketCap? Total MarektCap is 113 Billion - -7 - Of which BTC is 60 Billion - -3 - With a Dominance of 53.4% - +1.2% - Volatility? The 30d avg Volatility is 2.77% - -0.8 - Shorts/Longs? Shorts - 25.5k (pretty low) Longs - 29.8k (high but solid) - S +1.7k/ L +1.1k - Funding? The last 3 funding rates added -> +0,03% - +0.0840 - Momentum? The TJ-Momentum is showing us a red cloud again, which is indicating us a drag and pull down. This might be important for the next days. -303 - -101 - Volume? Today and yesterday we are seeing a beautiful volume. Exceeding the MA and confirming our down-trending direction. Sure, very interesting to get into a short? - BOUNCE!!! TJ-MF/TJ-Stoch levels? TJ-MoneyFlow - Today, such as a few days before we are seeing red candles but a green money flow. This is making me wonder why and letting me expect a bounce to confirm previous support as resistance. TJ-Stoch K(blue) - 10.3 D(orange) - 21.6 Divergences? We are seeing an uptrend on the TJ-Moneyflow which is an important divergence against the down trending market structure. The shorts are increasing drastically. While the chart has not seen its full influence yet. Market Structure? We are currently in a descending channel. This channel has 3 important lines. Its support, resistance and its middle line. Right now we are moving within the lower half of it, leaving a lot of space uncovered and need to be closed. We are seeing today as well a little red bull-hammer which might be indicating our next wick or move upwards for tomorrow. Overall? Overall, we are still bearish. We are still going down and this close below 3434 is really a doom. At least for this week and the next days. Nevertheless, we can't be jumping on the short hype train too fast and shoring BTC to the ground. We have to expect a wick upwards and let it confirm, giving ourselves confirmation, that the previous support of 3550 and 3434 is now resistance. This area that is being opened in the lower half of the descending channel is quite big. Yet, 19 days without confirmation will not create us magically a 500$ candle which then will confirm the resistance. This will have to wait until the MF divergence is done and or we see a double bottom on the low 3k levels. What do we want? We want a test of 3333 and then a rejection at below 3.6k bringing us back down to low 3k levels. Position? Considering a small short position with staggers to the middle of the descending channel. Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
BITMEX:BTCUSD.PShort
by KongTrading
Our Rationale of Forecasting Methods at NinjaSingaporeHaving been in this industry for more than 14 years, we have tried many approaches - trading indicators, price action, eye-balling techniques and ... many others you can think of. At the end of the day, we have found what works for us. 1. A clean chart that clearly shows a trend. An uptrend is defined as a series of higher highs and high lows. A downtrend is defined as a series of lower highs and lower lows. It's as simple as that. 2. If an uptrend exists, we wait for the price to come down to a certain level to initiate our buy stop order. If a downtrend exists, we wait for the price to go up to a certain level to initiate our sell stop order. 3. No matter whether it is a buy-stop or a sell-stop, we always set a stop loss and using the price range to determine the contract size of our position. 4. Let the trade do what it is supposed to do. There is no need to pray, wish, dream or hope. It's over. The market will either agree with you by giving you the profits or disagree with you by taking your money away as a loss. 5. Your job as a trader is to ensure you gain more than you loss so that overall your account will be green or black. 6. If you have a series of losing trades, which will happen for sure in your career (guaranteed1), you need to have a set of rules to help you clear your little voices in your head. In such cases, you may consider hiring a life coaching who specialises in clearing process to help you. Alternatively, if you know how to do 7-PATH Self Hypnosis, do it as it will help certainly. 7. As a rule of thumb, successful trading is 80% trading psychology (minimum) and 20% trading techniques or skills. 8. There is a ton of information in the internet for you to visit. Read and watch as much as you can and keep on doing it. This is a career or a business. You need to constantly feed yourself with useful and relevant information to trading. 9. I am not against hiring a mentor or a coach to help you expedite your trading success. Just beware of the black-sheep in the market as this industry does have a lot of scammers who are making their money by teaching others rather from trading. Good trading NinjaSingapore 24 December 2017
BITSTAMP:BTCUSDEducation
by NinjaSingapore
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