Looking at the last 2016 halving/bull market cycle several times BTC separated from the 120 day SMA by ~40% +/- 10% and then came back to test with the exception of the last event which tested the 50 day and then went on to separate 60% percent in the blow off top.
Hey everyone! Here is a bitcoin chart i put together on BNC:BLX We can clearly see bitcoin is following its usual cycles, just as most trader expected :) Something interesting i noticed was the following: Halving 1: It took 3 months to break the previous all time high after the first halving Halving 2: It took 6 months to reach the previous all time high,...
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....
Range High - $9940 Range Mid - $8760 Range Low - $7560 Price action will be ranging in the zones mentioned. Resistance - $10630 Bollinger Upper Band, Previous Resistance, Diagonol Resistance and MACD supporting this level. Make or Break Line - $9350 Monthly Open, Weekly Support and Daily Wicks are holding this area as a Make or Break Level for...
$NEOUSD | Time for next big wave? Hello friends, After a few hectic weeks due to the coronavirus, I am back with some analyzes. First of all i will say that performance out of the past not gives any garranty for the future. Currently we see some upside movement on $BTC. Also some altcoins are already exploding a little bit like ZILLIQA. We are currently in...
Cryptohopper Newsletter Market Analysis After failing to break the resistance around $10,000, Bitcoin is closing in on the support level at $8,000. Bitcoin has had a correction after the last halving, so a short bear market scenario is not out of the question. The first and second halving overall provided some excellent opportunities for position traders....
Hi friends hope you are well. Today I want to discuss that is it necessary for the Bitcoin to drop pre or post halving? In order to understand this principle we need to see the previous Bitcoin halvenings then we will move to the current having. If we watch the Bitcoin halving 2012 then we can observe that before halvening the price action dropped more than 25%...
We have seen a lot of volatility in the past two weeks. This was of course to be expected. In our last analysis we talked about a potential reversal/shakeout pattern, but this one didn’t complete. For now, we can see that there is a lot going on with Bitcoin that we want to discuss in this analysis. First of all, the Bitcoin CME Futures gap. Last week, CME...
Hi friends hope you are well today we will see how the Bitcoin turns parabolic after every halving event. For this purpose I would like to take you back to the first halvening event of 2012. And on weekly long-term chart we can observe that after the halving event the price action went strong bullish and moved in parabolic way for next one year. This powerful...
4 hour and 6 hour charts show the weekends drop is in full recovery mode with indicators pointing up. However, the 1 day chart shows MACD now pushing down. We suggest caution trading on shorter time-frames until a rally up or down begins after the halving.
Bitcoin halving takes place but price action remains stable; halving effect likely to kick in at the end of the Q2. Bitcoin price is getting ready to shoot to $10,000 after confirming the support at $8,400 and $8,200. Bitcoin halving went smooth smoothly as expected. However, the price action remained largely unchanged with BTC stabilizing between $8,500...
Halvening event of 2012: Hi friends hope you're well and welcome to the new update on Bitcoin. Today we will try to understand why the Bitcoin is dropping fast just before the halvening event. In order to understand this situation we need to move back to 2012 to watch the history of the Bitcoin halving. Then we can observe that when we had the Bitcoin halvening...
I am still bearish on bitcoin , even if ive had some profitable scalpings during this temporary uptrend. Last one being last week ( ethereum included here ) - but im already out. In my previous analysis regarding bitcoin- ive said that low should be tested again if we want to rally healthy. But that never happened , instead it went up directly confirming the big...
Only 39 blocks left until 3rd Bitcoin halving in 2020. Bitcoin price is 10% up from the local bottom and currently trying to pass through $9200 resistance. Halving ETA is 19:00 UTC, block number: 630,000 I'm still in long from ~$8300. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial...
From last 3 days we’re witnessing price drop. Only 2 hours left in halving. i would suggest do not open any positions just sit back and relax. This is not good time for trading. Enjoy the show 🤭🤭
BITCOIN at 20000 USD. Possible. Let's see why. Current situation. After 10k we have a tracking already foreseen at 9.5k, but be careful there are still positive signs and until the price drops below 8k I don't see any reversal problems. 1. The level of trust towards btc is above average, volumes still persistent and we are always in the up trend channel. In...
Bitcoin retraces out of the 9564 to 10,168 resistance zone, but no reason to over react. The resistance zone that has been on my charts for months is a location that favors such a move, and is why we have been reducing our risk by taking partial profits at predetermined targets (8K and 9750). The mistake to avoid here is to get confused by all the bearish hype...
Hi guys. please be careful and don't trust the news more. with my 10 years of experience. don't buy in green candle. when you see more good news at this time sell. Target of bitcoin is 10500$. Please support us : Like and follow