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Bitcoin2020

Bitcoin’s Had a Fantastic Year, but the Best is Yet to Come!With more than 250% growth in 2020, there is no denying that Bitcoin experienced an outstanding year. However, the best is yet to come! Bitcoin in 2020 The year started with a strong uptrend of around 45% in 45 days. It is important to note that this followed a 50% correction from $14,000 to $7,000 and then a short consolidation period. During March’s economic downturn in response to Covid-19, BTC experienced a severe crash along with many other markets such as the S&P 500 and gold. The coin fell to its lowest level of $3,800 this year. Then, in just two months, Bitcoin recovered all of its lost ground, reaching $10,000 by May. The price stayed stable between May and August, and it was the altcoins that grew significantly, with many DeFi tokens gaining more than 1,000% in value! BTC then made new yearly highs at $12,000 before retesting the $10,000 support. Starting in October, with the help of strong institutional interest, Bitcoin experienced a tremendous uptrend with a speed and momentum not seen since early 2017. On November 5th, BTC broke above $14,000, proving that this is the strongest uptrend since 2017. On December 16th, the price made a new all-time high for the first time in 3 years. BTC pushed up an additional 43%, reaching all the way up to $28,000! Bitcoin in 2021 Although 2020 was a great year for the world of crypto, with a tremendous increase in Bitcoin’s price and a keener interest from institutional investors, many predict that “2021 will be the year of crypto”. Bitcoin reached its zenith in December 2013 when it broke above $1,000 for the first time. After a severe correction, the coin gained significant ground in 2016, making new all-time highs and reaching its zenith again in December 2017, around four years later. Then following a severe correction, Bitcoin rose significantly in 2020, making new all-time highs. If history is to repeat itself (which it often does), then we will see Bitcoin peak out in December 2021! Happy New Year!
by cryptohopper
Bitcoin 2017 vs 2020 Bull Run (Very Different)Bitcoin had one of its most phenomenal years in 2017 when the coin reached $19,500 for the first time. It took BTC three years to reach that price level once again. A good number of people are now wondering if this will play out similarly to 2017. However, based on the data, we will head significantly higher this year! YTD Growth In 2017 we experienced an incredible 1,800% year-to-date (YTD) growth by the time we reached $19,500. Conversely, this year, the YTD growth stood at only 170%, ten times less than in 2017! No matter how you look at it, a 1,800% growth is a lot even for cryptocurrencies. Therefore, when Bitcoin reached $19,500 in 2017, the price was hugely overextended. However, when we reached $19,500 this year, we were only up by 170%, and thus we have more room for growth. Yes, it can be argued that Bitcoin is less volatile now than it was back then, which accounts for the more limited growth. But any way you look at it, it is not ten times less volatile! Price Reaction to All-Time High Perhaps the most important difference between 2017 and 2020 is the different reaction the price had when reaching $19,500. When BTC made the all-time high in 2017, it immediately experienced a severe 40% correction in just six days! In 2020, BTC experienced a substantial 15% in only two days. However, following this we saw an immediate reversal where the price pushed even higher to $19,800! What Happens Next? We can never predict for certain what will happen in this market. However, based on the data, it is probable that we are just at the beginning of the uptrend. We may be somewhere around $5,000 when compared to the 2017 bull-run, still expecting Bitcoin to triple or quadruple in value in the future.
BITSTAMP:BTCUSDLong
by cryptohopper
12
ready for boarding the rocket to ATH ? The current price is not a bad entry, 18600 or 18500 since It has not fallen out of bollinger bands and probably wont even fall below the middle of the bands, so at most there can be a bit of retrace of this weekend to 18500 ... 18400 , 18300 a gift ... Then on early Monday with insitutions resumimg interest in BTC then it will probably breakout to test 2018 ATH and probably going above it, remember we are past the halving and this time traditional finance is interested on bitcoin. I would set some trainling stop for 50% of position once it reaches 19400 of about -2% and keep the rest in case it continues to Moon to about 21K ... 25K Then expect a major sharp correction of about -30% WARNING note those hude bitcoin dumps tipically happen very fast, you need to be prepared in advance with limit orders, as exchanges will probably freeze with too many requests, so set your orders in advance and harvest great entries for more parabolic upside In case you dont have trailing stop orders available or struggle with high fees and slippage let me know, I can send referal links for some of the best exchanges and get fee discounts
FTX:BTCUSDLong
by muxie
BTCUSD IDEAL HEAD AND SHOULDER PATTERN Here are the basic principles that I found in identifying and confirming this is indeed a reversal: 1. IDEAL HEAD AND SHOULDER PATTERN - An ideal head and shoulder pattern consists of lower high (LH) and lower low (LL). 2. Support and Resistance - Many people like me are anticipating the next "BUY ZONE" will be around the psychological support of $9,000. Unfortunately, it didn't hold and continue its momentum at $8,400. 3. Market Psychology(BONUS) - Since it broke the $9,000 support and became resistance, I am expecting this to be remembered by a lot of buyers and hoping to get a break even price. - Those people who will try to close/sell their holdings/position will cause a selling pressure that will push the price lower. 4. RSI - Break of 30 RSI is not your typical "OVER SOLD". Yes, indeed. By textbook it is "OVER SOLD" but it is a sign of strength for the bears. - If we are anticipating a valid reversal, we must look for a bullish divergence, but this divergence has to fall to "STRONG DIVERGENCE" category. 5. Price - Most newbies blindly fall into the trap of buying the "dubi dubi dip dip, dubi dubi dip dip" (check it on ytube, it is a song by Willie Revillame) without considering the price momentum. - There is a famous saying "DO NOT CATCH THE FALLING KNIFE". - There are criteria that needs to be fulfilled before catching the falling knife. To put it simply... Imagine there is a 18-wheeler truck running at 100km/h, if you will try to stop that truck chances are... You won't survive! Again... BASIC LAW OF PHYSICS! You want that truck to slow down and exhaust its fuel before stopping it. When that happens, you might have at least a higher probability or a GOOD CHANCE of stopping it. Conclusion, just follow the price and where it is going. Money is made not just by doing analysis. We all know trading needs to have the ff: Technical Analysis (YOUR EDGE) Risk Management Trading Psychology Disclaimer: This is not a financial advise. #tradeResponsibly
Short
by CryptocurrencyTraderPH
3
$BTC PRE-BULLRUN HALVENING INCOMING! Dear traders, First of all a happy new year and the best whishes for 2020. This wil be BITCOIN decenium. Bitcoin did not gain the 7.5k level again. This means in my eyes that we are going below 7k again. And this time i think we dont hold the 6.4k level. It is very unlikely that we get a higher low because the buy intrest is below 6.4k and i dont think there will be much volume above that level. That is the reason i'm looking for levels around 6.1k-5.8k. Also ETH has a nice buy spot at $110-105 and it follows each other so i think its the perfect scenario for a beginning of a FOMO run for the halvening. Looking to $LTC im going trade BTC shorts before may. Because i expect a little dip after the halvening. Targets for the pre run: between $12.000 - $15.000 after that dip to $10.000-$11.000 For now this is what i think. Please show me your idea in the comments below! Goodluck! Like & follow.
BYBIT:BTCUSD.P
by Mikki0416