Hey Everyone, this is my first idea on Trading View, I am happy to share my thoughts, experience and conclusions to everyone and hopefully bring more value with my knowledge. Feel free to debate with me and spark fun, friendly and constructive discussions. Everything here is my opinion and not financial advice, I am not shilling anything or coin and this is merely my TA.
Why 2020 is guaranteed bull-run?
I have historical evidence that may prove this which has been broken down into 3 screenshots. Each screenshot is a chart that dates back to 2014, 2017 and everything forward.
Screenshot #1 2014 -
We see a strong support at $215. This is the same as the 6k we are experiencing now. Also, hit an all-time high in Q4 of 2014 with $1168. This is the same as the 20k ATH -0.17% in 2017. Then the big pullback started triggering the bears for 2014. This also created the strong red downtrend triangle.
Yellow circle on 9th 1.81% July 2016 indicates the BTC 0.18% halving (block rewards went from 25 BTC 0.18% to 12.5 BTC 0.18% ). Every time there is a BTC 0.18% halving it triggers a huge pump which is a sign for a bull run. The halving deflates the BTC 0.18% production causing EACH COIN to become more scarce and rare, therefore, each existing and individual BTC 0.18% increases in value. Unlike fiat currency, less money is being printed in the context of bitcoin 0.18% , this goes back to the basic economics of supply and demand.
The green ovals is a highlight of an uptrend. This is a sign of history repeating itself. However, I do realise October 2013 had no halving. This is most likely due to fundamentals. During this time, I believe many things were happening during this time for example. MTGOX was very successful and hitting a new milestone. "by 2013 and into 2014 it was handling over 70% of all bitcoin 0.18% transactions worldwide, as the largest bitcoin 0.18% intermediary and the world's leading bitcoin 0.18% exchange." - WIKIPEDIA.
Another reason during this time could be, the dark web community discovering a use case for BTC 0.18% . e.g. using BTC 0.18% as an online currency to buy and sell drugs and so on, you get the idea. This might explain why BTC 0.18% will never die because there will always be a thriving economy around the dark web.
The blue ARC demonstrates the natural cycle of a bear market to a bull market.
Screenshot #2 2017
There is an unbreakable support at 6k just like 2014's support at $215. I am also assuming there will be a very strong resistance at ATH -0.17% 20k based on previous data and statistics of 2014.
Once again we do see another big red downtrend very similar to the 2014's triangle. This is known as the descending triangle as what most people would call it.
The orange circle indicates where we are standing right now, breaking the red trendline/triangle. The blue circle on 12/12/2018 (blockchainwhispers.com/bakkt/) indicates bakkt entering the crypto market which might trigger a bull market earlier than expected, resulting in the purple ARC playing out. If not, disregard it and I believe the blue ARC will play out, a bull market will be forced by the 2020 BTC 0.18% halving.
Screenshot #3 Overview
This TA does not calculate the approval of ETF. When the ETF eventually gets approved, there is a high possibility of BTC 0.18% going into bull-market.
This is just an overview of everything I have been analyzing technically and fundamentally, If anyone has any questions please do not hesitate to ask in the comments. I hope you everyone takes a look at my points and maybe you extracted some value from it. Thank you for reading, until next time.
Connect with me:
Twitter: twitter.com/Crypto_Zealot
Discord: CryptoZealot#1456
Why 2020 is guaranteed bull-run?
I have historical evidence that may prove this which has been broken down into 3 screenshots. Each screenshot is a chart that dates back to 2014, 2017 and everything forward.
Screenshot #1 2014 -
Yellow circle on 9th 1.81% July 2016 indicates the BTC 0.18% halving (block rewards went from 25 BTC 0.18% to 12.5 BTC 0.18% ). Every time there is a BTC 0.18% halving it triggers a huge pump which is a sign for a bull run. The halving deflates the BTC 0.18% production causing EACH COIN to become more scarce and rare, therefore, each existing and individual BTC 0.18% increases in value. Unlike fiat currency, less money is being printed in the context of bitcoin 0.18% , this goes back to the basic economics of supply and demand.
The green ovals is a highlight of an uptrend. This is a sign of history repeating itself. However, I do realise October 2013 had no halving. This is most likely due to fundamentals. During this time, I believe many things were happening during this time for example. MTGOX was very successful and hitting a new milestone. "by 2013 and into 2014 it was handling over 70% of all bitcoin 0.18% transactions worldwide, as the largest bitcoin 0.18% intermediary and the world's leading bitcoin 0.18% exchange." - WIKIPEDIA.
Another reason during this time could be, the dark web community discovering a use case for BTC 0.18% . e.g. using BTC 0.18% as an online currency to buy and sell drugs and so on, you get the idea. This might explain why BTC 0.18% will never die because there will always be a thriving economy around the dark web.
The blue ARC demonstrates the natural cycle of a bear market to a bull market.
Screenshot #2 2017
Once again we do see another big red downtrend very similar to the 2014's triangle. This is known as the descending triangle as what most people would call it.
The orange circle indicates where we are standing right now, breaking the red trendline/triangle. The blue circle on 12/12/2018 (blockchainwhispers.com/bakkt/) indicates bakkt entering the crypto market which might trigger a bull market earlier than expected, resulting in the purple ARC playing out. If not, disregard it and I believe the blue ARC will play out, a bull market will be forced by the 2020 BTC 0.18% halving.
Screenshot #3 Overview
This is just an overview of everything I have been analyzing technically and fundamentally, If anyone has any questions please do not hesitate to ask in the comments. I hope you everyone takes a look at my points and maybe you extracted some value from it. Thank you for reading, until next time.
Connect with me:
Twitter: twitter.com/Crypto_Zealot
Discord: CryptoZealot#1456