Get started

Bitcoinchannel

Bitcoin trading channel June/July predictionthis is a similar scenario to trias, which was provided in my previous post. I am not sure how long we will be in this channel but it does give us any idea when a breakout is expected and an idea of the grand scheme mid term for bitcoin. for trias i think we will ride higher in the channel until it crashes right after bitcoin finds its bottom. I dought this is the bottom for bitcoin, maybe 18-16k quickly but I dought anymore than that.
by joshwashington
2
Bitcoin $100k-300+ Target - Projecting 2021 Target and ChannelPossible Indicators / Patterns / Observations: Based on analysis of the 2013 and 2017 cycle (see my related ideas) I have drawn this prediction model based on the following assumptions. If too much text bothers you just jump to the crystal ball prediction section. Stock-to-Flow target of 100k will be reached and multiplied. The current trajectory is very high and even a 30% drop will not change the momentum. I can't see how Bitcoin would go sideways for weeks and ignore the hype and fair interest in Bitcoin which will be and is even higher then in 2017. That leaves us with finding the target for 2021 and when it will hit that target to predict a parabolic curve to orient ourselves (crystal ball). What can help us from here on out are for sure the Bollinger bands. The upper Bollinger band is a good indicator for Bitcoins path and also for knowing when prices will drop. Looking at the current inclination up of the Bollinger band that gives an indication for a possible path of Bitcoin. As in the 2013 and 2017 cycle Bitcoin hovered along the upper Bollinger band. First attempts for trend channel indicators: The $100k straight trend line (orange) towards mid-August 2021 seems "too-slow and low" for matching up with Bitcoins current hunger for pace. It may still serve as a lower channel boundary and maybe an ultimate support area. The $300k straight trend line (bright green) towards mid-August 2021 seems seems aligned with the trend of the Bollinger upper band. It may serve as a trend line until mid February 2021 along with the upper Bollinger band. If you compare with the 2013 and 2017 cycles the straight trend line to its ultimate new ATH (all-time high) was always above the price action. This gives reason to believe that $300k is a realistic target (until mid-August 2021). If Bitcoin goes clearly above it for let's says two weeks, then I would argue we are looking for a new ATH target higher then 300k. Now for getting the parabolic fiting (as the straight lines are not really helpful in a parabolic market): Drawing the forecast lines (blue parabolic lines) for $100k and $300k for August 2021 shows impressively that the August 2018 target can not be correct (unless of course market drops and moves sideways for a long time). Hence we can either adjust how fast we reach these targets for the target height itself (incl. timing of a higher target). I assume a 3 month faster cycle for the yellow forecast lines. One is for mid-May at $300k and the other at $100k. I also drew some lines for $450k target (yes I know mad) as it may well be possible that BTC reaches those. Please note that price volatilty potential will increase the higher Bitcoin rises. AND most important of all - DO NOT get stuck buying after the ATH (whenever it occurs) and sit and HODL for years to wait until Bitcoin is going to make new ATHs. Know when to exit and put in Stop-Loss orders accordingly. CRYSTAL BALL SECTION: All of the above considered and melted into a crystal ball: I predict Bitcoin will reach 300k and will do so by mid 2021. My prediction channel is marked as hurricane funnel with a marker. Bitcoin will hover along the 100k mid-May 201 straight trend line until about end of February 2021. Starting March 2021 we will see the full-fledge parabolic run-up to new ATH of 300k. Forgive me any typos or chart inaccuracies. I took the time to share this quickly as BTC is reaching for $40k already. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
BITSTAMP:BTCUSDLong
by CarpeMomentum
2
Still more chance to fall in price of Bitcoin? for Traders.Hello! Friends, I can with new research an idea but, before to start talk about technical Let's share your LOVE by giving me LIKES and COMMENTS. Thanks in advanced. price attraction toward the gravitation line. no trade activites above and below gravitation area for the parallel channel. high chance to fill no trade activites and fall toward to value low are. ------------------------------------------------------------------------------------------- "" Intraday(30min charts) CHART "" ------------------------------------------------------------------------------------------- PART (i): Take a look at your Triangles PART (ii): perfect Channel has been broken : ------------------------------------------------------------------------------------------- "" DAILY CHART "" ------------------------------------------------------------------------------------------- Look at the "?" up-breakout is the question. 2-control lines parallel channel with value high and low an excess found(penetration) Remarkable point: => 1) Volume started to rise while last tested at value low(b) which sign of up-breakout. if there's up the breakout, then price not break (b) orange line (gravitation). => 2) Point should be noted that many Dots or many times price tried to touch at value low("b" line). ------------------------------------------------------------------------------------------- "" WEEKLY CHART "" ------------------------------------------------------------------------------------------- Weekly chart and bottom is out?: Following patterns has been detected-: initiative movie two triangles rounded move with low volume tails (while u-turn ) Bitcoin is trading in Up-Wave .
GEMINI:BTCUSD
by Trade-Technique
309