Bitcoin before and after halvening behaviourOnce 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 important resistance level which holds also from 2017 till now.
After halvening event daily supply will fall in I think that this will give the necesary push to Bitcoin to finally break the 2017 resistance.
Let's see if bitcoin will follow my idea.
Halvening
Expecting Next Top $17k April 16 - HalveningAdjusting projection for spring/summer top due to fact that halvening will affect it.
Previously in 2016 there was a big peak 22 days before the halvening and lots of opportunity to get in at lower prices.
Using ghost bars also maps to about the same $17k price I had before. I am expecting a parabolic move up into the mid teens and will be scaling out a bit.
I will only somewhat attempt to catch the top but mainly will be getting myself positioned to catch the post halvening dump. I'll probably catch that with leveraged positions from the start rather than using 1x then scaling into 3x after price confirms my trade.
June 16 will still seem a little scary for me to hodl through it but I think that by navigating through the halvening chop I should be OK to survive a bit of drawdown mid summer. I think this year is going to end with a roar and I want to be fully long for it.
LTC Peaked 44 Days Before HalveningLooking at how LTC responded to its halving to plan for the 2020 BTC halving. BTC previously peaked 22 days before its halving but LTC peaked 44 days ahead of it.
This suggests that halvings are getting traded away at a faster pace and it might be harder to select the exact date.
The megatrend indicator seems to have been doing a pretty robust job of trading around these events and allowing you to improve your cost basis by probably 25% to 35% better than hodling through it. It also allows you to not have to sweat through a lot of chop.
The 16 week donchian channel also does a decent job of getting back into the trend at a lower basis than hodling.
I will probably use 3 or 4 strategies to scale into and out of my position around this event on BTC so that I am not putting all my eggs in one basket and risk the crypto market taking off without me.
I think there is a huge parabolic move in the works to well above $20k on btc and I want to be in it for that, but I don't want to have to sit through a 70% drawdown to do it.
Bitcoin Halving cycle - path to 100kIn 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 from eroding the purchasing power of the coins.
If this market is cyclical, which I'm pretty sure it is, then this chart can show us the Bitcoin's way to magical $100,000 (which could happen before 2020 ends).
Let's see if this ages well, or no :-)
Is it too late to go long? cup and handle incoming.Recent milestones:
-tested the previous high to finish the cup @ 10400
-passing into golden cross zone with the daily 200/50 MA
-Currently in pull back, looks like an early cup n handle formation
Trading strategy: scale into a long position after we find a handle bottom
Conservative strategy: wait for the handle to finish before taking a position quickly
If price doesn't go below 8600. Buy @ 10400 around end of Feb Stop loss around 9700
Aggressive strategy: Scale in after a bottom next week, maybe around 8700.
profit Target 1 @ 10300
profit target 2 @ 11400
I don't think we will run up to 14k+ just yet. I feel there is significant resistance around 12K. I still believe we will see a crash after the halvening or even slightly before. However in the near term price action is bullish for the next month or two at least.
I think its more likely we will channel for most of 2020 between 12K and 7K, where a major indicator is the dump after the halevning if there is one.
$LTC clear way up to $150 USD. 100%+Dear traders,
Im analysing more and more alts right now because the bottom is definitely in. They are showing a nice reversal pattern.
My expectation is that LTC and other alts can go parabolic in the coming week. I think there is more room to grow to at least $150 dollar before the first big correction.
The signals that are coming up right now are similar to alt-runs before. Also LTC has already complete the halvening so that is a big intrest point.
Targets for LTC to watch:
$81
$99
$107
$137
$150
BTC.D decreasing
Goodluck.
The BTC monthly chart has the answersAs always with BTC, it's good to zoom out from time to time, and revisit the BTC montly chart every now and then, to see the bigger picture.
We can now see several very bullish signs:
1. The monthly Bbands are narrowing, this means the likelihood for a strong move is increasing and increasing
2. The January candle was extremely bullish
3. The middle bband support was holding with a strong reversal candle exactly at support
4. The monthly Stoch RSI is exactly in the middle, making a sharp turn upwards
This together with the pattern having somewhat of a smiliarity to 2012 and 2016, both were years where halvings also took place, leads me to believe that BTC is preparing for some nice bullish moves in the coming
months.
The speed and aggressiveness of these moves no one can know, but the faster and more aggressive they are, the more it will accelerate the timeframe for reaching the ATH.
I drew that ATH at mid 2021, but it basically can be plusmimus 6 months, depending now on how fast and aggressive BTC will be. Let's wait and see how fast this will play out, but the monthly signs are looking extremely good !
$BTC PRE-BULLRUN HALVENING INCOMING! Dear traders,
First of all a happy new year and the best whishes for 2020. This wil be BITCOIN decenium.
Bitcoin did not gain the 7.5k level again. This means in my eyes that we are going below 7k again.
And this time i think we dont hold the 6.4k level. It is very unlikely that we get a higher low because the buy intrest is below 6.4k
and i dont think there will be much volume above that level. That is the reason i'm looking for levels around 6.1k-5.8k.
Also ETH has a nice buy spot at $110-105 and it follows each other so i think its the perfect scenario for a beginning of a FOMO run for the halvening.
Looking to $LTC im going trade BTC shorts before may. Because i expect a little dip after the halvening.
Targets for the pre run:
between $12.000 - $15.000 after that dip to $10.000-$11.000
For now this is what i think. Please show me your idea in the comments below!
Goodluck!
Like & follow.
BTC/USD BULLAS need to rest -> Next stop ~7700We hit a local high thanks to the "halvening" meme. Now is the time for a correction before the "halvening".
We'll first hit DMA200 then there will be a dead cat bounce, only to go back to 7k7 for max profits for our masters.
Then when they are done milking plebs there will be a big long liquidation. You won't know when it happens. But I assure you that BTC won't cross 10K.
Bitcoin Halvening Pump Long Shot Prediction
The goal of this analysis is to keep an open mind about Bitcoin on what could possibly happen in the coming months. Bitcoin appears to have broken out of a bull pennant to the upside. If Bitcoin is able to clear the 30w moving average, I think it's possible we could see $19k lead by the fomo for the halvening which is to take place on May 12, 2020.
Litecoin experienced a similar halvening on August 5th, 2019 and pumped all the way to it's peak of $145 on June 19th, 2019. This peak was 44 days before the actual date of the havlening which was on August 5th, 2019. From it's peak to trough, LTC dropped 75% from $145 to $35.
If the same happens for Bitcoin, I think we could see Bitcoin reach it's peak 44 days (March 29th, 2020) before the actual date of the halvening (May 12, 2020). The projection for the top is based off the length of the pole of the bull pennant, which would put a target somewhere around $19,000 by March 29th, 2020. After that, I would expect a rather steep drop. LTC dropped 75% from it's peak, I think we could keep an open mind that Bitcoin could do the same.
Please see my related idea below for my original prediction of the breakout and also my other related idea where I caught the bottom of Bitcoin.
Bitcoin - Path to the Halving!My predictions do quite well so it's worth your time to keep this chart around. Here's my last one from November. -->
As a basis for developing this chart, I used the historical price action of Bitcoin before the halving, in conjunction with fundamental analysis of things like the growth in wallets, Hodl %, hash-rate, difficulty, new code updates upcoming. As well as things like retail growth through in GBTC (Grayscale Bitcoin Trust Co), which had a year so good in 2019 that they brought in more money than 2013 to 2018 combined. I'm looking at all of those things and a whole lot more.
My plan is to take 10% profits at each target in order to lock in some gains and have cash for dip buying.
Thanks for taking the time to get this far... If you like this content, please give it a like and I promise to put more time into future work.
Appreciate constructive feedback so don't hesitate to ask a question. Have a GOOD one!
2 Bulls and 1 Bear signal, Miner wars analysisBull #1: Break out of 6 month down trend channel confirmed.
Bull #2: Inverted H&S extension, with volume increasing from the price bottom.
Bear signal: Bounce off the 200MA, we are still in death cross zone.
Miner war fundamental facts:
Difficulty is going parabolic, which means machines are being sold and installed.
Miner revenue will be cut in half after halvening.
CME options, futures and open interest in general is going up. They are all incentivized to see more volatility.
Assumptions:
It will be harder to run a mining operation after the halvening since rewards are cut in half, and difficulty is going up. Miners will have to buy machines to maintain their position.
A possible 4 month long Bull trap strategy could be to drive the price up, enabling miners to use their rewards to buy more machines, in hopes that they can sustain enough hashpower to stay in operations after the halvening.
After the halvening larger players will want to tank the price to break "at risk" operators, and force them to liquidate their operations, flooding the market with cheap fire sale machines.
Buy the rumor Sell the fact
A strategy to consider is to take a long position under 8400, with a stop loss around 7600, and a partial take profit target just under 10k or 9900, with a longer potential to extend to 11400 just before havlening.
suggest to read the bitmex blog article i can haz ipo for more
Bitcoin's Rising WedgeWhilst technically a bearish pattern, I'm 50:50 on this one. We could just as easily see a break upwards in my opinion.
This is not uncommon in crypto during bullish sentiment.
Also the wider significance of this move with recent accumulation in the Golden Pocket, a break out of its long term channel and fundamental reasons to be stacking Bitcoin with the upcoming halving. These are all considerations.
Lastly, price action peeling away from the lower trend line and making new higher lows adds a little weight to the bull case.
As always, let's not judge the market. We don't tell the market what to do, we wait for it to tell us.
13k in the view for BitcoinWe may have a big inverse Head and Shoulders in formation right now. If the teal trendline gets retested and it holds it can be the spark for a breakout to the previous high from June 2019. It fits very well with the upcoming bitcoin halvening so this bullish narrative can be in play.
BTCUSD MONTHLY below 5k$ Bulls are delusional and on hopiumIf you look at the monthly, you can clearly picture what's going to happen. It's not rocket science. Figure 2 is figure 1's little sister. And it'll be complete in a few months when your money disappeared before the "halvening". Sure the price will be multiplied by 2 but it will be first divided by 2.
Don't tell me nobody warned you.
Are we bullish yet? Oh, HELL YEAH!!! (3 Reasons)After hovering around the Golden 0.618 retrace for several weeks, with the constant awareness that even the 6k levels might not hold, I believe we are out of the woods and that we can officially call fall 2019 a re-consolidation period. Though we may continue to retest 7k levels in the coming 100 days before the halving, there are several signs that we have broken the bearish trend.
1. We have blown past major resistance levels established earlier in the current cycle at S7425 and S8375.
2. We have shot above both the 21 day EMA and the 200 day EMA lines which are now once again setting up for a Golden Cross.
3. We have broken out of the bearish channel. No matter how you draw it or which chart you use, we have transcended the bearish downward channel established this summer as we retraced from the oversold 14k high.
In addition to these three very bullish markers, we are still below (and thus undersold) the live stock to flow chart currently pegging value at near $9900. What will happen next? Will we see all-time-highs again before the halving? Will we continue our consolidation along an 8375 resistance-become-support line? Will we slide down the top of our former bearish channel for a while and retest 7k levels before breaking up after the May halving event? Who knows!?! But we are out of the channel and freed up for bullish price discovery in the near future.
And freedom feels good!
BTC $9800 by end of January?Bitcoin looks great on LTF, and may work to create more of a bullish argument on higher timeframes.
I like the way it's looking as it's consolidating near highs.
Would ideally like for it to breakout soon to 1) $8800 and then maybe 2) $9800
Keeping an eye out, and expect ETH to follow
The Complete Battleplan. FRONT NEWS!Finally the rally price action proved previous forecasts to be true(ish).
The question everyone is asking - when does the rally end?
I've carefully mapped out all four basic bullish scenarios I can see in this market.
We're about to see at least one deep correction model that will retrace 15-40%
of the typical 12345 impulse, if it is finished(if so, then bulls will rest for a day or two,'
observe the battlefield, confirm the price stability).
I suggest 4 basic scenarios, all bullish. So DON'T panic,
one deep correction may easily form allowing the bulls to quickly replenish
lost soldiers and bring even more fresh whale buy-ins to our party!
I've tried to consider all major res/supp levels and the common time lengths
that suggested correction models commonly feature for BTCUSD(to the best
of my analogish brain judgement).
Chart tells you everything you need to know:
two most probable scenarios are all mapped-out with the consideration
of known levels.
I also suspect that the FOMO is great right now and the current impulse has
a lot of driving force left to continue surging up to 8.8k+ without and deep retraces.
I vote for THE MOST PROBABLE SCENARIO I. (subgroup II. is as probable as I.)
Do you?
The bigger picture can be observed in the related ideas... below...
They are all parts of the same market analysis.
Bitcoin BULLISH MAY 2022 1 BTC 180,000!Hi everyone,
Check out this logarithmic scale chart of bitcoin since inception. The chart doesn't lie..
I've been following it for some time now and have made lots of great decisions. Easy to read reflection of the current trends of BTC.
#Bitcoin predictions for 2020! #bullish #Halving #Bitcoinhalvening
MAY 2022 1 $BTC = $180,000
Monthly low's
FEBRUARY - $7700
MARCH - $8150
APRIL - $8650
MAY - $9150
JUNE - $9800
JULY - $10,450
AUGUST - $11,150
SEPTEMBER - $12,000
OCTOBER - $12,800
NOVEMBER - $13,800
DECEMBER - $14,850
*Above figures are slightly adjusted for wide spread adoption (inflation).
Kind Regards,
Matt Day