Sampdm8

Sampdm8 Updated 

Bitcoin prediction made on 12/29/19 March 2021 BTC will be priced at $110,000 Almost certain that BTC will be priced at $90,000 by end of 2021.

Sampdm8 Updated 

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Sampdm8

The price is edging closer to my predicted (point D) and this further backs up my ABCD Pattern.

Sampdm8

IF PRICE REACHES GREEN= BUY IF PRICE REACHES RED= SELL Triangle forming in the BTC/USD price, much like the other one the other day (which would've been a very successful trade as predicted) However this one is spending alot of time in the lower half of the triangle, suggesting it should break out lower. However it could break out either way. I'm guessing it...

Sampdm8

Here is a new updated version of the triangle, it's closing in. The green and red bars is where I would put Buy (green) and sell (red) orders, I would set a OCO (One cancels other order) so when the price hits, for example, the green, it will cancel the red order. This means I could profit whether the price goes up or down purely based off the idea of a potential...

Sampdm8

As you can see we are currently topped-out below a major resistance level, I've labelled some areas in which I wouldn't be surprised if there were to be a reversal. D is where I'd expect the price to go, following my AB=CD pattern. So I wouldn't expect a breakout to the top, but it still has time to occur and still hit the D point. it's important to note that...

Sampdm8

A descending triangle may be forming, the price has stayed predominantly towards the top of this triangle but due to other factors (current downtrend, ABCD pattern) I believe there will be a break to the bottom.

Sampdm8

This essentially now means that Bitcoin is perceived by investors as a safe haven asset, meaning in terms of turmoil (war, political, natural disasters, economic crashes) money will flood into bitcoin, much like it has been doing with gold for millennia. Here's a short labelled chart essentially showing a timeline of the events that unfolded with the #USAvsIran...

Sampdm8 Updated 

To add to the major ABCD pattern noted in my previous posts, I've added support and resistant zones. I won't be concerned so long as the price stays within these support and resistance zones. I've also added a minor resistance zone, the price can be influenced by so many different factors that minor breaks in support and resistance is nothing new. Which is also...

Sampdm8 Updated 

Personally, I believe Bitcoin is following the ABCD pattern shown below. At the second bull run, the price peaked perfectly at the 61.8% fib level and almost immediately bounced off, Both this and the fact that the price has followed the C-->D line has led me to believe that the price is following a hybrid ABCD pattern and the D point will bounce off the 71.8%...

Sampdm8

This is a more- zoomed in idea of how my Hybrid ABCD Pattern (check my profile for that) will hopefully pan out, dropping to around $5100-$5300 area before the halving. A DOWNWARD CHANNEL has formed, further supporting my hypothesis!

Sampdm8

The death of Iranian general, Soleimani, which was orchestrated by Donald Trump caused the price of oil to shoot up, with conflict in Iran (5th largest oil producer) and US (1st largest oil producer) leading to a mass brief bull run due to supply and demand. Here's a graph with spikes and dips in oil prices labelled in order to better understand the effect global...

Sampdm8

A one time investment for 11 years of (on average 14%) -This strategy uses simple indicators to determine an entry which indicate trend reversal-- such as MACD and the fact that the 2008 credit crisis crash was likely to fall to previous resistance (dot com crash) -Safe strategy, you're essentially betting on the American Economy and when you're at rock bottom...

Sampdm8

...Election results come in... (for which party will be in government). which results in a rise or fall in GBP due to it's significance (in this instance it was seen as a good result and GBP rose). -We know there is going to be volatility, so we can profit regardless of whether the price goes up or down as when the price reaches certain points (A if price...

Sampdm8

assuming the index would find support at previous resistance.

Sampdm8

Very rough guide. Based on other halving/ trend graphs. Buy BTC upon halvening. buy and hold strategy.