So to get back on my earlier ideas (short term danger/Long term uptrend) here's a short overview of the bigger picture. Expecting a quick $6000-$7000 BTC price before we'll be heading for newer highs $10k around/before halving. To shake out investors i expect another dump (-20% to -30%) right after halving.
It's been a while since the short term danger post, i still believe we're in for a lower low before heading to new all time highs. We touched the MA's and before they make a golden cross BTC has to be under these MA's($7600) to be validated lower low. Got the buy orders @ $6000-$5500.
Dump January incoming? Target $6300-$5700, we'll blame Chinese new year for it. Right after the dump i'll expect a pump on the same day or just couple of days after. Don't get caught with your pants down.
Not my advice to go all in. Great chances since we above the resistance. Target 7500-7600
There's an open CME futures gap that's got to get filled (like 99% of the times). This means a 7240 price before we move anywhere. My thoughts are bullish after we filled gap!
Looking at historic trend we're currently in a bull market cycle. Yes, we've declined 50% to make you sell your BTC to anonymous bulls. Don't be stupid to wait for lower prices, you'll miss the pump and in the end it will not matter if you've bought at 5k, 6k or 7k. Same as for the people who waited during the first bear market to buy under $200 while it pumped...
Just some fun with the charts. DYOR, but it's going down short term. Nobody will believe me since 90% of BTC post are bullish on BTC.
There's a MacDonalds forming on the 1D. You know what happened to the 1H MacD, that executed perfectly. Target 6500
Who doesn't trust the big yellow M indicator?
So what's going to happen in 2020? Obviously we have the third halving, but what will be the impact? It'll be the hardest to ever mine a bitcoin. And this will obviously come with a lot of more expenses. But will (chip) manufactures be stimulated to keep improving their products for crypto mining? What will the impact be of quantum computers to the blockchain? If...
Question is, will the simple 200 MA hold btc (again)? KST is looking good, about to cross just under zero. Will this trigger the new bull run with potentional new ATH?
Will it be a boring day or steady uptrend? H&S partern on 1hour have been completed
Today's 1 million dollar question is; 1k or 10k? Let me know what you think!
Current pull will be rejected and we're heading for a 10k! New high, new low means steady downtrend to 6k end of the year!
If we don't break the downchannel, nor hold the 200ma average, we'll be in for a good short opportunity!