Bitcoin - Road To All-Time HighThis plan is not a joke to you - Bitcoin will pose an all-time high again 🚀
Bitcoin has been working decently in a descending channel since June of 2019 , and recently a BREAKOUT 💫 has taken place , which would not be mentioned by many traders. But you are lucky enough to know this thing at the very first stage of the breakout formation.
Here is what I expect:
-> Only bulls notice the breakout 🕵
-> Bears think they should short at previous tops formed @ 10000 USD
-> Few weeks of battles between bulls and bears
-> Breakout become more obvious and new capital kicks in
-> Pullback after hitting 14000 USD the old top
-> mange to pose an all-time high in just a couple months 👆
Hope our patience will take us to the moon. Are you ready? 😄
If you have any ideas , please leave it below.
P.S. I have never given up on Bitcoin even during the dump in March, if you are a big fan as I am , stay tuned and I will post more analysis on Bitcoin. 😃
Alltimehigh
Is BTC aiming to take out 10k?In line with my previous TA related weekly resistance, BTC is right now trying to aim for the strong long term resistance levels at around 10k. Last time BTC tried to cross 10k it just managed to do it briefly and only by 79 USD.
Although last 3 days have been a strong movement against the 1400 USD drop on 10th May, I still have my doubts that BTC will be able to cross the 10k mark this time around. If it does cross and close above the previous high of 10079 USD, BTC will break the lower high pattern on the weekly charts. Last time it ran upto 10079 USD, it broke the lower high pattern on the daily charts .
Couple of additional Important points to keep in mind:
1. USDT Market cap has increased from around 4.6 Bn USD to 8.8 Bn USD since March 30 2020
2. RSI levels on weekly and daily charts are around 60-65 levels
I am deliberately combining the weekly and daily charts as I feel for BTC to aim at next ATH it needs all round support.
Keep track of the Daily / weekly channel BTC is right now in to estimate the future course of action. Moving out of the channel will give insight into the possible price movement in coming days.
What do you think?
Do like and / or comment your views and feedback
Possible bullish continuation flag to the all time highHere we see a downward flag ( bullish flag ) that formed from the uptrend after it reached the all time high. This could mean a possible uptrend continuation after the break of the flag going up.
We see some support below between 93 and 92, but it could possibly break that as well and change directions, but nothing is written in stone. We also have the COVID-19 going on, so that is something major that could cause it to change trends and continue down. We need to wait a few more days to see what it will do. We also have the COVID-19 going on, and that is something major that could cause it to change trends and continue down.
If Bitcoin Really is The New GoldLet's say the equities market crashes along with commodities, then we would expect gold's price to increase, but maybe Bitcoin will become the new gold due to the nature of the pandemic that we are currently amidst. The key point is this: gold is neither easily transportable, transferrable, nor is it readily portable. It would be impractical to expect be able to readily access gold throughout the entire time it takes for our planet to either acquire herd immunity to SARS-CoV-19 or to produce a vaccine which would be used to prevent said virus. Bitcoin is advantageous in this aspect. A $120,000 per coin call sounds hopeful at one point or another, but such lofty thoughts like that don't seem too far out of reach, especially during times like these.
GOLD and it’s 7 year run to ATH 📈🥳Welcome to the VAPORWAVE_TECHNICOLOR_DREAMHOUSE~~~~~
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Don’t forget to comment below and let me know what you think 🤔
GOLD made a solid run at the first big resistance price of $1746/oz but was unfortunately rejected. However, buying pressure has continued to keep the price near resistance.
Support from every MA under the sun will keep this price moving upwards and you an expect to see another run up in the next 24 hours.
If price breaks this resistance at $1746 we can expect the price to make a run up to $1795 ($1800).
Traders have been waiting for this moment for years, the last time the price was this high was in 2013. I would expect any rejection from price highs will result in a massive dump as investors have undoubtably been filling their collections for years.
Could these high prices be a good short opportunity, totally!
As always remember the golden rule to trading success 🔑
BUY SUPPORT
SELL RESISTANCE
Cheers,
Banana
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GOLD approaching ATH 📈Welcome to the VAPORWAVE_TECHNICOLOR_DREAMHOUSE~~~~~
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This is a very exciting time for GOLD commodity or CFD traders!!!!
It’s approaching it’s ATH price of $1913/oz which hasn’t been seen in almost 8 YEARS
I wouldn’t advice longing here but if you are bullish and think the global pandemic will support the rising price be sure to note the resistance values ($1800, $1830), if broken we could see a huge run up towards $1900.
If $1913 is broken the sky is the limit, this is unmapped territory and could validate all those hoarding gold under their mattress in these uncertain times.
As always remember the golden rule to success 🔑
BUY SUPPORT
SELL RESISTANCE
Cheers,
Banana
PS. Like this idea and want more? Join Flash Trading for daily discussion and calls!
USDTRY Potential Bearish MovementUSDTRY Potential Bearish Movement
we are waiting for a momentum candle close below 6.690 to sell this one
Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Objective Channel (in blue)
3- All-Time-High
Three confluences are enough to consider Selling USDTRY, after a break below 6.690 (in gray)
*meanwhile, this pair is overall bullish, until an objective sell setup is activated
When Will XRP Reach $0.1255?Today I wanted to share with everyone a potential time line as to when XRP might see some price movement. It’s no surprise, i’m seeing it everywhere and you are too, the bottom is expected to reach $0.12-15.
My guess is a candle closure in the $0.15 range and a nasty ‘wick-fish’ down to $0.125. The question is when? Obviously nobody can predict this however what we can do is speculate, plan ahead and get ready as next bull run is going to be absolutely magic especially to those that are buying at these prices!
This bear market has lasted 943 days and XRP has retraced 96% from the all time high of roughly $3.50 back in January 2018. This range matches the previous cycle seen back in late 2013 to mid 2014 which had a 96% retrace and then there was also an 86% retrace that occurred throughout all of 2015.
The 2017 bull run had a 77,630% increase from the previous all time low. I’ve had a few friends say based on the ‘Law of Diminishing Returns’, XPR won’t have the same increase as seen back in 2017 however I disagree. I suspect after this next bull run, we will then start to see the ‘Law of Diminishing Returns’ playout.
What we can all see was that in 2017, XRP had two massive moon-shots. The first occurred in Q2 of 2017 and the second occurred in Q4. I remember FOMO was in full effect in Q4 2017 which could have been why XRP saw such an additional increase in price. As we all remember Bitcoin went parabolic in the mainstream media with many taking out second mortgages, over leveraging themselves, dumping their life savings into this market however not understanding the cyclical nature of the crypto-market (what goes up goes down). In order for XRP to see a continuation in price that same FOMO needs to be present otherwise we might only see that Golden Ratio be the peak of this next bull run (1.618=$27-30).
Going back to the point of this post, when will we see the bottom? There are 213 days remaining in this falling wedge (7 bars/months). Using historical data, many falling wedges don’t go all the way till the closure.
My guess is that we will see the bottom reached sometime in January 2020 based on historical bar pattern from 2017. If we copy the previous bull run bar-pattern and place it at the possible bottom at $0.1255, we can see that January and February will retest the downward trend-line before making a massive breakout from March to May, with the potential for a parabolic, FOMO move in December 2020 and January 2021 taking XRP to $113-114.
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BITCOIN PUMPING - New swing high!Hey there,
Soooooo, well.
Guess we can negate the bearish/healthy scenario for now as we see Bitcoin pumping over its
prior high for 2020 and even wicking above the last swing high on Bitstamp to
create a new swing high.
This is quite a huge factor and once more signals the strength and deeper bullish
bias of this ralley. This also could now be further confirmation, that we see the start
of a strong bullmarket later this year and going into 2021.
Reaching above 14k could still be some sort of a challenge, since I do think that
11k will be of some resistance where price will a least need to consolidate imo.
Of course Bitcoin can go too ATH the next month, I do not doubt that, but it is not
the most likely scenario imo. Not a lot has changed besides that I am now looking
for scenario A to play out over the next days.
We have a daily 7 on the TI Sequential, so we will get a 9 the day after tomorrow,
maybe coinciding with a top at channel resistance and 11k.
Look at prior posts for clearance.
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so you don't miss out on key information and trading oportunities.
Cheers,
Konrad
SPLK Shifting SidewaysSPLK is shifting to a trading range pattern as it enters a new all time high level. SPLK gapped and ran up strongly out of a mid-trend short-term bottom.
PKI Breakout to All-Time HighIn this chart we're looking at PKI on the 1W chart as price has consolidated into an ascending triangle . Price has broken through the horizontal boundary around $98. After price prints a 1W candle through $101.28 breakout will be confirmed.
This ascending triangle has a price target of around $125 for about a ~27% gain.
If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year!
Drop a like or comment if you found this idea informational or helpful in any way!
Cheers!