History tends to repeat itself, and the bitcoin halving appears to be no exception to this particular rule. In 2016, during the second BTC halving, the BTC price experienced strong growth before the halving. A bear market followed, consisting of a 40% drop in price from the pre-halving high to the post-halving bottom. Afterward, a lengthy ranging period ensued....
Price is 8.9k and a lot of people have made very bearish calls. Given the economic situation and bitcoin spx correlation, we can definately see that. That being said its important to remember last crash we spent nealy 2 months in denial of the covid situation. Even after it spread to italy and caused hundreds of deaths, market went up.. Even when a lockdown was...
Even Bitcoin had been in decline a few weeks ago and dropped to around 6k, I still think it will go at least to 40k by December 2020. After that, 90k is your next target by the end of 2021. A Bull market for BTC/USD should end by the year 2022.
I wonder why we should frustrate the work done so far. Bitcoin is in positive trend and under very important resistance. Positions are liquidated are good for exchanges and whales. And while I hear many of us fearfully thinking about a new collapse. The indicator of complacency and distribution, followed by the inverse divergences, is clear. They are slowly buying...
Here some explaination to what happened here: -Clear uptrend on daily chart and weekly still valid. -Market structure intact with a "buy the dip mode". -Liquidity pool tapped. Lady BTC BOTTOM showing some big buys and accumulation during the dip and chop. Lady Arrow v2 showing a buy signal flipped during a clear break of short term downtrend Bullish. Enjoy
I have done a statistical analysis on BTCUSD chart and looks like there's 99% probability that Bitcoin will hit 9973.40 until 11th March. We can expect a pump anytime sooner. Just watch and get ready. PS. I think this move will start sooner but for now, i can say until 11th March 2020 Disclaimer: This is not a financial or investment advice. Remember to...
hello again and welcome, feel free to view my chart above to understand my view of the market and feel free to comment your opinion below my analysis must not considered a financial advice, I am not a financial adviser! have a good weekend
Here are the 3 most strongest signals that point to BTCUSD starting on a long-term bullish uptrend, Take your time to go through the signals through the daily and weekly charts usng the moveing averages provided. If you are still skeptical, take a look at how the price reacted when the bearish and bullish signals occurred on previous occasions. I have attached...
BTCUSD 50EMA and 100MA Moving Averages on the Daily Chart have just crossed signalling a possibly long-term bullish trend. 50EMA and 100MA cross patterns have historically been very good at signalling a trend reversal. Check out BTCUSD and even ETHUSD daily charts with the 50EMA and 100MA moving averages. Both has only recently crosses signnalling a bullish...
As you can see i determined the correction as a WXYXZ correction because of the internal ABC waves and its formed as a channel rather than a triangle. At first I thought that we need another correction to the downside but it need not to be the case. Because of the break of the trendline it seems bullish to me. I am waiting now for an ABC correction...
BITSTAMP:BTCUSD Bitcoin BTCUSD just breaking out above 9000. It appears to have momentum in the hourly charts, enough to to break above, stay above and to close the week above 9000. This is a very significant level for the next phase as it appears as a confirmation qualification for a major rally to 18000. The Weekly BTCUSD chart is very reliable and captures...
Since BTC is already digital gold and adaption is just the next step. Considering that BTC was pumping along with January effect and the conflict between US and Iran. Let's consider that I was bearish already during this phase of consolidation from January 8-13 where Iran and US expressed concern to end conflict to not escalate a war. BTC then consolidated and was...
Since the chart above mentioned the RSI 14 weekly showing signs of btc on a bull run or not..in a candle stick perspective we're already right exact at the resistance area of BTC and it will show either we have a retracement-pullback then go back up to a bull run. Or...this is alraedy the top and another correction dowanrds to $5,500ish. Call me repetitive but I...
Notice if BTC goes and finds support above RSI 14's 50-52 level. It says in the bull run regardless of bearish divergences which are irrelevant at uptrends. If it's below it, it's a bear run. We're now at the breaking point where BTC will either break above these levels and confirm a bull run...or not.
If you're looking for a bullish bias for Bitcoin then take a look at the Daily chart. After that massive impulse move to $10.5k price has been slowly grinding it's way lower and lower to where price is chilling out now at $8.8k. If you're looking for a time to buy the pullback of that impulse move now may be you're time. There is a pretty obvious falling wedge...