2018btc
hmmm... Will the previous move happen again?Looking back at 2018 (left chart), when the 50MA (green) crosses the 200MA(red), we have a 40 percent rally to the fib. 0.618 level (green line in my fib box) before we settle for another 40 percent dip BELOW the previous low.
Not saying this will happen again, but, If this move is to happen again, we can see a rejection after a rally to the same 0.618 fib level (around USD 44700) in my right hand chart, the current BTCUSD price action chart.
My Lower price target if its to happen again would then be:
1. 28K range
2. 24K range
3. 20K range
and not saying it will break and touch all of my downside price levels, I am just listing out prices where we can see more demands coming in to the market.
P.S this is only an "if scenario" if we replicate previous pattern of 50MA crossing 200MA in 2D chart.
#NFA
#DYOR
Tell me what you think below.
BTC USD In Memory Of Bulls2018 A self explanatory chart for the 2018bulls :)
Here is where the 2021Bulls are are at this moment :
2014 BTC vs 2018 BTC - History is rhyming right now Looking into the theory that the 2018 Bitcoin chart painting is eerily similar to the bear market of 2014 - Maybe the MM's algo is doing it all over again.
Take a look and decide for yourself.
History may not always repeat, but it sure does rhyme.
I don't necessarily believe we will see $2,700 BTC any day soon, however after unbiased perspective it is not out of the realm of possibility.
BTC/USD: The correction of 2018. Does the ETF wakes the bull?Just some thoughts looking at the timeframe and the ascending wedge.
BTC/USD: The correction of 2018. Does the ETF make it better?Just some realistic thoughts looking at the timeframe and the ascending wedge.
Bitcoin: Flip-Flop EditionHello!
Multi timeframe analysis is there.
Recently we meet Local resistance at $6514 (red horizontal line) Which is bottom of Descending Triangle (Red on 2D chart at left).
Now it need to break $6514, to move on higher resistance $735 2, which will be hard for bulls IMO.
If bulls will fail breaking this resistance, we will probably see reloaded bears for final rush to The Trend and Global Support, where the huge demand is located:
Global Support $4790-5000
Watch price movement on 1h chart and wait for price action in Yellow Circle, as here we've got 2 resistances.
Good luck!
Learn more from previous ideas:
June 13, Wyckoff Accumulation Process for BTC:
June 26, Bitcoin Price Prediction for 2018:
Bitcoin Price Action analysis - Market CycleThere's not a lot to say, Market is in accumulation, im not expecting big moves over 10k so easy at least not before October. and if it Goes over 10k, maybe 12k would be my target and then we could see another test of the market in the 7kish and a Max Low Point in the 4.5k ish, I don't see bitcoin going lower than that, after that I will be expecting the next Bull Run for 2019.
In the Short and Mid term im Bearish, Bullish on the Long way. Sell Pressure is big and there is a lot of resistances to be broken before a bull run. In the meantime we can accumulate sats.
Good Luck
Note: This is just an opinion and personal analysis, is not a financial advice and it's not mean to be as a financial advice!.
If you liked the idea then give it the Thumbs up, (Y)
BTCUSD Next couple of months base on 2014 ?Dear Crypto Investors
Some Crypto Addicts asked me what I was thinking about BTCUSD for the next couple of Months.
Can we really see a recovery before September of BTCUSD ?
Yes definitivelly, it still looks like 2014. However the recovery was really low after september in 2014... I suppose with some more goods news we can go back again to a price close to 10 600 USD but not more before December with regulation. Volume still low and we are hoping a new regulation yet.
You can continue to use my indicator 1min & 15 min crypto indicator or Moriceau Thesis.
Good trades and don't need to cross fingers you can learn new knowledges every days and only that save you!
HM
100K+ BTC/USD [BITCOIN] SCENARIOFirst, I want everyone to know that I'm doing this just for fun!
SO -- Here's a potential scenario for BTC/USD to hit 100k+ by the end of the year.
Now I know everyone gets emotional when analysts try to predict the future as if they have a crystal ball. Sometimes we may even think they are using a Magic 8 Ball for all their predictions.
However, I have made plenty of bear-predictions on BTC this year and thought it might be fun to play around with some bullish BTC predictions for 2018-2019.
I DO recognize 100k+ that will do to the market cap of BTC in under 1 year.
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Current Price: $9,100 (around)
Current Market Cap: $154,825,470,592
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Future Price: $121,667 (because the price increase would be 1337.0%) --- Why not?
Future Market Cap: $2,070,016,541,815 (What?! Over 2 TRILLION dollars?)
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There's an estimated 80 TRILLION dollars in the world. If Bitcoin made a run up to 2 Trillion dollars in Market Cap (which I agree is unlikely) it would only represent 2.5% of all the money in the world.
When you look at it like that, it doesn't seem TOO ridiculous does it?
Economists estimate that only 8 percent of the world's currency exists as actual physical cash. The rest exists only on a computer hard drive, in electronic bank accounts around the world.
If you truly believe that crypto-currency is the future, is it really hard to believe that BTC can hit 100k?
What I do know for a FACT is that this year will be a very interesting year for everyone!
I'll do my best to keep this post up-to-date even if I'm horribly wrong and everyone hates me for posting this in the first place :P
Best,
Dan
