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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.
BITSTAMP:BTCUSDEducation
by ThrivingProject
1
GOLD and it’s 7 year run to ATH 📈🥳Welcome to the VAPORWAVE_TECHNICOLOR_DREAMHOUSE~~~~~ Before we get into it show your support and give me motivation by clicking LIKE 👍🏽 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 PS. Like this idea and want more? Join Flash Trading for daily discussion and calls!
TVC:GOLD
by xBanana
1
GOLD approaching ATH 📈Welcome to the VAPORWAVE_TECHNICOLOR_DREAMHOUSE~~~~~ Before we get into it show your support and give me motivation by clicking LIKE 👍🏽 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!
G
by xBanana
4
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. Thank you for reading, please smash that LIKE button and FOLLOW me if you like the content I'm providing. Follow me on Twitter for XRP news, updates, opinions and chart-analysis : @XRP_Canada Join me on Telegram with likeminded individuals of the XRP Community where we discuss anything and everything to do with XRP and Ripple t.me
POLONIEX:XRPUSDLong
by traderxkira
18
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. Check me out on YouTube: Enlightened Trading and Instagram: enlightened_trading_ so you don't miss out on key information and trading oportunities. Cheers, Konrad
BITSTAMP:BTCUSDLong
by EnlightenedTrading
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!
PLong
by TheLuckyS7ven
2
NVO Breakout to All-Time HighIn this chart we're looking at NVO on the 1W chart as price has consolidated into an ascending triangle . Price has broken through the horizontal boundary around $58. After price prints a 1W candle (1 day left) through $59.77 breakout will be confirmed. This ascending triangle has a price target of around $85 for about a ~46% gain. Price has good momentum as it has found support on the 200EMA and is breaking out of its chart pattern boundary well above the 200EMA. 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!
NYSE:NVOLong
by TheLuckyS7ven
$BDX Breakout to All Time HighIn this chart we're looking at Becton Dickinson & Co on the 1W chart as price has consolidated into an ascending triangle . Price has recently broken through the horizontal resistance around $263 with a strong weekly candle. Breakout was confirmed after price broke through $271. I just came across this company's stock this weekend, so I missed the initial breakout. Even though the initial breakout was missed, we had a small pullback and then another strong weekly candle to show this instrument has strength. There is still plenty of upside to be taken advantage of. This ascending triangle has a price target of around $319 and we have already seen a small pullback before what seems to be continuation to the upside. Nonetheless, if we see another larger pullback, I expect price to find support on the horizontal chart pattern boundary around $263. If you would like to see more of these ideas on a regular basis, follow me as I will be posting many more exciting chances to earn on chart pattern breakouts this upcoming year! Drop a like or comment if you found this idea informational or helpful in any way! Cheers!
NYSE:BDXLong
by TheLuckyS7ven
Bitcoin is Ending Giang Falling Wedge and Cumulation ZoneBitcoin - moves in the accumulation zone for more than 40 days and will remain in this zone for some time. The sideways move slowly but surely to the upper trend lines of the big Falling wedge, which breaks up within a few weeks. Until that happens, Bitcoin will leave little Altcoins space to complete their bullish structures. This will allow the capital to be spilled from Altcoins, back to the BTC and then into the HighCaps. Being in the accumulation zone, any BTC purchase ranging from 7800$ to 6400$ is convenient, but be prepared for 5500$ BTC re-buys as well. The most important thing for BreakOut is a sharp break of 7800$. This will be a bullish signal that the BTC is no longer going down. BreakOut can also be helped by BTC Halving, which can cause Bitcoin price levels to rise.
COINBASE:BTCUSDLong
by Tradify_Labs