Nextep

Nextep

Not much positive to be said, I don't think bitcoin will outperform in the next 6 months, neither will gold. It's very common in a market crash that all assets drop in value. It's only after the low is set there is a decoupling and "safer" more tangible assets will increase in value. I believe bitcoins LT target is still 350k in the next bullrun. Nevertheless, I...

Nextep

Considering what we are seeing happening is an aggravated version of the 2008 financial crisis, with factors like deglobalisation, international trade and price wars, national and corporate debt crisis even furthering the severity, logic would seem to defend a price target that is at, or lower than the 2008 lows. This considering that most realised stock market...

Nextep

A short analysis of how a breakout occurs

Nextep

BTC retesting the major rising wedge at 7800 - 7900 The divergence on the 1h macd and the falling wedge give these clues too many people expecting a drop right now

Nextep

With the current financial markets situation there is no way bitcoin will outperform. It is still considered a risk asset and it will take a while for the greater public to accept it for the value and potential it has. Thats why I see this prolonged consolidation pattern developing over the next couple of years. Potential LT bottom around 2500.

Nextep

Will we see a Dow Jones at 5000?

Nextep

Here's what I'm seeing for 2020 Further consolidation throughout the year. We will really need to see how it behaves in line with traditional markets. 2021 could be a good year for BTC.

Nextep

This bubble has been building since the 80ies, so even with the current progress, if government will have to offload global debt to reset the system, there will be no holding the stock market, as it is inflated with this money.

Nextep

BTC to bounce of 7200, then 9450 is the target to short.

Nextep

Obvious ABC correction forming to the 8000-8200 zone. Expected end of march.

Nextep

The rising wedge is hitting psychological 10k resistance after a wave 5 impulse and now looking for an ABC to 8500 to complete wave 1 of a larger Elliot wave pattern. After that we will see the bull run start up.

Nextep

The triangular bottoming pattern didnt play out, with the push up it will be another short on top and a lower low. target 5400 (200wMA) (02/2020) after I expect a multi month bottoming pattern up until 06/2020, then a breakout from 6500 to 16k

Nextep

BTC could be making a bottoming pattern between 7k and 8k, IF it doesnt break 8k. If it does I dont think it will bottom. It would be combined with a value of below 20 on the Historic Volatility indicator (weekly) Target breakout date: somewhere around may 2020.

Nextep

Btc in a big downward wedge, could look to test 5900-6200

Nextep

Long to 8400 then short for a lower low 5900 - 6500

Nextep

Btc looks like it will hit 8k, so taking a long here

Nextep

the 200ma is a zone I have been looking at for a long time as a potential reversal zone. Won't leverage long, but consider closing my short and going back into btc at this price, then waiting for stability to trade again.

Nextep

Looks like consolidation time till late summer 2020 Short from 9900-10000 Long around 6000 till 9600 then wait 6 months for bull run