BTCEUR 'D' - One Level of Support left Before 30% Cliff EdgeHey guys - There's a few things going on here:
We've got a strong Sell signal from Crypto Tipster v2, combined with a descending trend line which the price has touched quite a few times historically and rebounded on the downside each time so far.
This combined with several layers of resistance above and only one (albeit quite strong) level of support on the underside could mean the potential for a further fall in Bitcoin price.
Seems unlikely, or at least unwanted - but the reality is if this level of support gets broken, there's not to stop the price free-falling 30% or more to around the $10,000 mark. Let's all keep watch on this one!
What do you guys think?
Bitcoineuro
btceur bull market till May 2022 at 15000 on 10 week cyclesIf bitcoin will not break 65000 €uro ca $75000 in December then we are in bull market and following 5 cycles in 10 week periods till May 2022 will be selling cycles,
Price will slowly fall up to 15000.
Green arrows are the cycles when buying is profitable (except the unpredictable fluctuation in March 2021 the COVID panic month).
Red are the 10 week periods when selling shorting is profitable
Whole is n big parallel channel
Bitcoin VS Silver Shows BTC Can EXPLODEMartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin Is trying to have a BIG move soon and we in CryptoCheck intend to be prepared for it $$$$$$
DO NOT BE LEFT BEHIND
------------------------------------------------------------------------------------------------------------------------------------------------------------
If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
------------------------------------------------------------------------------------------------------------------------------------------------------------
BITCOIN - Be Prepared For The Next Move MartyBoots here. I have been trading for 15 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin Is trying to put in a bottom soon and we in CryptoCheck intend to be prepared for it
DO NOT BE LEFT BEHIND
------------------------------------------------------------------------------------------------------------------------------------------------------------
If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
------------------------------------------------------------------------------------------------------------------------------------------------------------
Bitcoin Digital Gold Vs Gold = Bullish MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin needs to do this to become bullish
------------------------------------------------------------------------------------------------------------------------------------------------------------
If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
------------------------------------------------------------------------------------------------------------------------------------------------------------
Bitcoin Funding = 100% BTC Will PUMP MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money
------------------------------------------------------------------------------------------------------------------------------------------------------------
If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
------------------------------------------------------------------------------------------------------------------------------------------------------------
Big dip at 58000 euroHere is what I think will play out when the next big correction happens, which still looks like will happen on march 25th. If it gonna play out similar to the previous big correction. We now will have a slow run up to the march 25th if no bigger update or news happen that cause bitcoin to hit the crash line earlier we will still expect 25th be the day we see the big dip. The last few days of lows we could see where most of the support lines are and combining with some of the data of the previous run I think this be a possible scenario.
25th of March we will hit 58000 euro and start the decent down
26th due to contracts ending speed of fall increases
27th hit bottom at 49000 - 48000euro
28th we will get a small recover going up after people buying back after hitting bottom
29th Hit next bottom of 47000-46000
30th start rise because next day many crypto have updates on 31st
31st and 1 april be going up and depending how fast we go up we could see the start of next run up or if not will will go down
2nd April if still going down hit 46000 before going up again, to start the next run up to April 27 and hit 68000
I personally set a limit sell a alarm at 57000 and also a limit sell at 57900, after that I suggest keep eye on bookings list and depth to see where most bookings for it to dip down to.
Extra tip Never be too greedy when setting your limit for buy or sale, if you set at precisely with large volume of booking there are chance you might only get a partial sell so I alway set the slightly lower to make sure it get sold and set buy limit slightly higher to make sure have a buy also.
Supports for the next big BTC correctionSo last few days dropping down could be seen as test where the support line would be, so that about 45000euro and did not fall down further and next big dip would also not fall beyond that. The timing of the next dip really depends how fast we are going to hit that red line, but most 25 days upwards trend happened for the last two dips, most likely this time would be the same and see the start of the dip happening on March 25th and lowest it could drop be 45000euro which is around 54370usd.
Bitcoin Wrote History Again. Realistic $100k Price PredictionThe FOMO and greed are back... This time it's even better.
Market Cycles are not a fairytale and they do exist and they do repeat themselves. This is just another market cycle happening right now.
Where is this rally headed?
Intro
When you put the whole Bitcoin chart in logarithmic perspective you can see that Bitcoin is slowly growing towards a stable price which will take years to reach.
Bitcoin has been around the longest of all cryptos thus giving us some very useful data to work with.
You can predict the price of the next ATH based on two different factors in this market cycle:
Time from Halving to new ATH (in orange on chart).
Time it takes from previous ATH to new ATH (in green on chart).
Below I will explain my findings, my research of the 2 theories and my realistic expectations and price predictions which I calculated based off reliable data of the past.
From Halving To New ATH: $120k ATH (The one I use)
So as we know, every 4 years a BTC Halving happens whereby the reward miners get for verifying transactions is cut in half. Resulting in deflation over time and slowly growing towards a max supply of 21 million BTC. This max supply is estimated to be reached around 2140. More info on Halvings and what it is: www.bitcoinblockhalf.com
With this concept in mind there will always be less and less newer Bitcoins coming into circulation. BTC is growing in institutions interest and there is a connection between the halvings and bull markets.
Once a halving happened the market phase shifts from a bear market to a bull market. You can clearly see this on the chart. The bull market extends each time in duration and I calculated that it is around a x1.44 increase after every new bull market.
1st halving's bull market duration: 364d, ATH: $1,177
2nd halving's bull market duration: 525d, ATH $19,764
3rd halving's estimated bull market duration: 749d, ATH: $120,000
Price hits a new high after every halving, this is also noticable from the chart and the data. While some may prefer to estimate and predict the price based off the increase in % with every new ATH,
I use the top of the parabolic channel as the target (which, you could say, acts as resistance) and use the estimated duration of the new bull market to get the price.
When you use this theory/formula Bitcoin will hit around $120.000 around 30 May 2022
Personally I use this theory because it's more reliable. Why? It's a more accurate & logical system which lays in line with the Stock-to-Flow Model: BTC S2F Model . (Very interesting model to research).
From previous ATH to new ATH: $250k ATH (Not in my favor)
With that out of the way, there is another theory which you can use. Simply using the ATH's and the time between those two to calculate the duration for the next All Time High.
So here are my findings with this theory:
The first huge peak of Bitcoin was back in 2011 when Bitcoin reached $31.90.
The second huge run was in end of 2013 reaching a high towards $1,177.00. (Took 903d)
The third huge ATH was hit in 2017 reaching a high towards $19,674.00. (Took 1477d)
The fourth new huge ATH is estimated to be hit in 2024 reaching a high towards $250,000.00. (Estimated to take around 2415d)
Just going off by ATHs and the time between those peaks isn't really an accurate measure. But it is known that it always takes longer to reach a new ATH. 2415 days till we see the very top is too long IMO and with the growing interest this is unlikely. As insitutions are buying into bitcoin it shouldn't take that much time for Bitcoin to reach a new ATH. Those big players hold crypto for a long time and aren't trading in this market. But the retail interest is still very low, much, much lower than it was in 2017. You can see this on this chart:
Retail interest in Bitcoin
Some interesting data that make BTC more bullish in the future:
4 million BTC is lost due to lost wallets. With 18,500,000 BTC in circulation this is 21,6% of all BTC lost. This means 21,6% of market cap is lost money. That's more than $60 billion lost... See this here: Here
The US printed 21% of all circulating USD in 2020 alone (which is insane...). This is crazy data which can only result in inflation for fiat currencies. This can't happen to BTC. See how much was printed: 21% Of All USD Is Printed In 2020
Dow Jones will list crypto currency indeces in 2021: Dow Jones To Index Crypto Coins
Disclaimer: The links in this idea are not meant as a promotional or affiliate links.
If you have any thoughts or questions on this, let me know.
Bitcoin Bull Market Has Only Started *** Here Is PROOF ***MartyBoots here. I have been trading for 13-14 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin Bull Market is here right now
Bitcoin Is Very Bullish right now and will move a lot higher
If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading
There is life changing opportunities soon
ALT SEASON IS COMING be prepared
Bitcoin Bull Market = Another Bullish Triangle MartyBoots here. I have been trading for 13-14 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin Bull Market is here right now
Bitcoin Is Very Bullish right now and will move a lot higher
If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading
There is life changing opportunities soon
ALT SEASON IS COMING be prepared
Bitcoin About To Go Parabolic **WARNING IMPORTANT VIDEO**MartyBoots here. I have been trading for 13-14 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin Bull Market could be here right now
If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading
Bitcoin Has NOT Topped Out -- 100% PROOF MUST WATCH MartyBoots here. I have been trading for 13-14 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin can EXPLODE HIGHER HERE & go PARABOLIC
If you want help trading bitcoin or any other ALT coins hit me up , We will improve your trading
Bitcoin Can Explode Higher - Be Prepared + Make Money MartyBoots here. I have been trading for 13-14 years and I am here to share my ideas with you to help the crypto space.
I think it would be a bad idea to sleep on Bitcoin right now .
If you want help trading it or any other coins hit me up in the link below or message me
Scenarios for Bitcoin in the rest of 2020 (1W)There are 2 main scenarios I see come to reality with Bitcoin.
Looking at the past these are very realistic scenarios backed by facts.
Note that my analysis is straight forward backed by this chart and neither bullish or bearish.
However I added Long to this analysis because at typing of writing I reopened 2 long positions in DOLLAR & EURO: 7970 USD & 8030 EUR.
If Bitcoin gets rejected at €9K on the weekly this could very well start a new trend on daily timeframe.
A downtrend towards a small demand zone of €7,3K - €6,8K which it will very likely will break.
The main demand zone which has competition with bulls is €6,8K - €6K.
If the demand zone gets a breakout back down, €5K is almost surely the end of this trend of reversal.
200EMA will be around that point in time on weekly and as shown in the past even with COVID19 shows a strong support level.
€5K was the main support level of 2018 where price bounced several times and acted as huge support.
In my analysis I see a low chance Bitcoin will hit any lower than €5K and thus bottom is reached.
If a new uptrend emerges starting off 200EMA on weekly you can expect a very volatile uptrend and will quickly recover towards €5,9K - €6,8K zone.
Next up is strong pressure from bears of upper side of bearish triangle, bears might push price back down at €8K level depending where we are at the time.
Anyhow this will be the 5th retest of this resistance level and thus a very important retest. If this gets rejected this wouldn't be very bullish.
If Bitcoin breaks triangle to upside, a new uptrend commences.
The triangle is a big formation where bulls and bears where fighting. I don't see price being pushed down after breaking out of this triangle.
A retest should be traded as this could be the last stop to hitting the last somewhat zone of supply €9K - €10K.
A very physcological level of supply where Bitcoin might hang and use as consolidation zone.
If Bitcoin continues to stay bullish after all this time it might go on its way to an ATH which is definitly a possibility.
Depending on volume traded rather than volatility. I don't see any likely chance of hitting a new ATH in 2020 yet.
€11,5K could be the high of the following months where price might get rejected, not consolidated, atleast unlikely .
Good news is needed to back up this analysis, FOMO is a must in the end of 2020 or beginning of 2021.
This would be a repeat of the scenario in the end of 2017 and beginning of 2018.
As seen with previous ATHs, the ATH happened around 1 year after the halving took place.
The first halving which happened on 29 November 2012 had a bullrun towards an ATH with a return of 8069%.
The second halving which happened on 9 June 2016 had a bullrun towards an High with a return of 289%.
The third halving will happen at an estimate of 12 May 2020 at time of writing.
The price could likely be already priced in by some, but I, on the otherside think otherwise. This could be just the very start.
Breaking this triangle and following this uptrend for the rest of the year would be the best bullish scenario I hope to see, yet still realistic.
Since federal Reserve started pumping stocks and other markets with printed money, Bitcoin was stated as a safehaven and alternative currency in media and news sites.
Bitcoin continued it uptrend longer than expected by most and climbed towards €8,5K level where we are now waiting and consolidating on lower timeframes.
With the halving in sight this is only good news following up on eachother. I want to end this idea by saying that corrections are healthy and needed in healthy market trends and don't always mean reversals.