First Bitcoin Target after Halving this yearNow Bitcoin Halving is done and Bitcoin is ready for a Parabolic Move but be cautious as a shakeout is necessary to boost the flight to moon.
Bitcoinhalvingprice
Bitcoin Short Term Bottom FormedBTC is expected to halve in these few days. Everyone observing BTC price reaction to the halving. While we have historical data showing BTC price surge higher after 1 year in the previous 3 times halving.
However, many investors are not so sure about the current halving will bring the same effect. Due to BTC wasn't in high demand in 2012, while 2020 BTC's price was mainly driven by Central Banks flooding the market with cash & causing the BTC's price surge to new high. With BTC ETF legalization, this could increase the BTC volatility due to more demand than ever.
Let's get back to reality, the present moment of BTC is showing sign of bottoming with high volumes generated at yesterday price low & causing the price recover slightly. Based on our analysis, this is a sign of the BTC's "Big Boys" are supporting the price. Which could lead to rebound in the short term. Could be a good chance to long BTC for any short term gains.
Any further gains after that, we would need to watch again until then.
BITCOIN BEFORE HALVINGTrading with algo can be measured by 3 waves, you only see it here on my ideas, But sometimes I dont recommend it if youre a scalper.
The 4th algo would be 96k or above.
This idea base on algorithm. The Bitcoin As of now are following the algo because it is being controlled by biggest institutions like Blackrock and other entities, Algo doesnt look on indicators like volumes, base on volume right now are being injected on algo so that institutions buying cannot seen like the volumes, we see less volume but price can go higher.
IF youre an indicator type traders this is not for you..
THis is not a financial advice, Trade it or own it.
FOllow for more.
THanks to all whose following me since day 1. now were growing to almost 700 followers, If youre asking why I dont have any public groups, Im not interested on it.
IM sharing knowledge for some reasons, sharing goodstuff for free is like giving a bread to others!
No Im not interested on Other peoples opinion.
I dont even follow any of them, I stick to my ideas. I repeat and repeat until it does happen.
Youre here to make money, youre here to have knowledge on trading.
learn it from my ideas, if this idea has something on you take it. or just leave it.
BTC 2012 Halving VS 2016 Halving VS 2020 HalvingComparing the past 3 halvings allows us project potential new highs.
THE BEST BITCOIN POST HALVING PREDICTION CHART ON TRADINGVIEW This is a continuous updated chart that I began creating once I discovered the power of numbers in particular the power of the Fibonacci Sequence. Please note the following:
-I kept each fib retracement tool on the same dollar amount 12.71 don't ask why lol but it has a great significance to my charting.
- Fib level .236 1.618 and 4.618 are very important levels and are constants in my charting. They display a pattern that is irrefutable which has a 90% accuracy no cap!
-I'm a novice at trading and desire to spread awareness of the crypto currency space so of possible please share this knowledge with others
Bitcoin Again Going Parabolic To Hit Upto $300KHi friends hope you are well today we will see how the Bitcoin turns parabolic after every halving event. For this purpose I would like to take you back to the first halvening event of 2012. And on weekly long-term chart we can observe that after the halving event the price action went strong bullish and moved in parabolic way for next one year. This powerful bullish rally was up to 10,000% and that was really a big move. After achieving the highest price the BTC dropped down again and in June 2014 the Bitcoin showed a recovery rally. That was the time when the people would be thinking that it it will be recovered back to the highest price that was $1163 at that time. But the price action moved down again and retraced up to 0.786 Fibonacci level. After this retracement the price action formed a double bottom on the strongest support of 200 simple moving average and turned bullish again.
Parabolic move after halving event of 2016:
Now if we take a look at the halving event of 2016. Then after this event the price action againg turned parabolic bullish and produced more than 3000% gains. After achieving the highest price the leading cryptocurrency dropped down again and in the month of June 2019 the price action again showed a recovery move up to $13880. And this was the time when we were thinking that the Bitcoin has finally started recovery rally and it will be moved back up to the previous highest price level. That is the $20,000 but the price action of Bitcoin again moved down and retraced up to 0.786 Fibonacci level. This time we can see that the priceline has again formed a double bottom on the 200 simple moving average on this weekly chart like it was happened back in 2015.
Parabolic move after halving event of 2020:
Now after this double bottom formation on 200SMA the price action has gone through the 2020 halving event. Therefore we can expect another parabolic move by the priceline of BTC. If we notice the previous bullish move after the halving event of 2016 then that was 70% less profitable than the bullish move that was happened after the halving event of 2012. So if we expect the 70% less profit that was produced after the halving event of 2016 then the BTC can easily achieve $100,000 price level. However if the Bitcoin again produces 3000% profit than it can reach upto $300K.
Bitcoin is parabolic since came into existence:
Now if we take a look at the complete price action of Bitcoin since it has been came into existence. Then it can be clearly seen that the Bitcoin is moving parabolic. And it has never truned bearish, because we can see after achieving every highest price level the Bitcoin retraces between 0.382 to 0.786 Fibonacci retracement level. And the retracement upto 0.786 Fibonacci level can be called a correction move. Therefore we can say that after achieving every highest price in the history of Bitcoin the Bitcoin starts a correction for the next bullish move.
The most important factor behind this parabolic move:
On this weekly chart we can also observe that the basic reason for the parabolic bullish move of the Bitcoin is the 200 simple moving average. As this moving average is also moving in parabolic shape and not letting the price action to break down this 200SMA support. And this time again the priceline has hit at this support level and took bounce for the next bullish move and the 200 SMA is lifting up the Bitcoin price level in the parabolic way.
Conclusion:
After every halving event the BTC turns parabolic. If this happens again then Bitcoin can easily reach the $100K to $300K price level within next 2 to 3 years.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Why The Bitcoin Dropping Fast Before The Bitcoin Halving 2020Halvening event of 2012:
Hi friends hope you're well and welcome to the new update on Bitcoin. Today we will try to understand why the Bitcoin is dropping fast just before the halvening event. In order to understand this situation we need to move back to 2012 to watch the history of the Bitcoin halving. Then we can observe that when we had the Bitcoin halvening event in November 2012 then BTC started dropping down in August 2012 this drop was started from 18th August to 20th August 2012. And this was a steep waterfall crash after that the Bitcoin recovered but just before the having the Bitcoin dropped down again in October 2012. After that we have witnessed a strong bullish rally of more than 10000% for next one and a half year.
Halvening event of 2016:
Then in halvening event of 2016 we can notice that before the halving BTC started dropping down in Jun 2016. This drop was started from 19th Jun to 23rd Jun 2012. And this was another steep waterfall crash like we had before the halving of 2012. After that the Bitcoin recovered but just before the halving the BTC dropped down again from 3rd July to 2nd Aug 2016. After that we have witnessed a strong bullish rally of more than 3000% for next one and a half year.
Halvening event of 2020:
Now in current halvening event of 2020 we can again notice that before the halving BTC started dropping down from Feb to March 2020. This drop was from 15th Feb to 13th Mar 2020. And this was another waterfall crash like we had before the halving of 2012 and 2016. After that the leading cryptocurrency recovered back. But just before the halving the BTC has started dropping down again same as like before in 2012 and 2016. After this drop we can expect a long term bullish rally.
This combination of these indicators has given final sell signals:
As in my previous posts I told you that I am looking at the movement of BTC using the combination of these indicators to observe the bullish and bearish trend .
1st: Vervorrt heikin-ashi long-term candlestick oscillator.
2nd: Moving average convergence divergence (MACD).
3rd: Stochastic indicator.
Ater placing these three indicators I came to know that since October 2019 the Bitcoin is following a specific pattern for the bearish rally. The Vervorrt heikin-ashi long-term candlestick oscillator is a powerful indicator that shows that the priceline is in bullish or bearish trend . When it turns green it means that Bitcoin is in bullish trend and when it turns red color then it means that Bitcoin is in bearish trend . Now after noticing closely the daily chart it can be observe that whenever this vervoort indicator turns green then the MACD indicator 1st gives sell signal and then again it gives buy signal and again it gives sell signal and on this third sell signal if the stochastic also gives the bear cross then the BTC turns bearish and starts the bearish move. It can be witnessed form 24th of October to 25th of November 2019. Then from 23rd of Jan up to 13th of March 2020. And if we see the current situation then the vervoort is again in green color and giving indication that we are in bullish trend , and the MACD has given a sell signal and after that we have received the buying signal and at this time the MACD has given the sell signal.
Therefore we can expect that this time the bitcoin again follow the same pattern that it is following since October 2019. And it will start a bearish rally. This time I have also placed the relative strength index (RSI) oscillator. Then we can also observe that whenever we receive the final sell signal by the MACD and the BTC starts bearish rally then the RSI also visits the oversold zone. Therefore we can expect that if the Bitcoin will start a proper bearish move then the RSI will also again visit the oversold zone.
Now up to what extent the Bitcoin can drop:
Now the question is that if the Bitcoin start a bearish move then up to what extent the BTC will be dropped. For that first of all we need to watch out for an up channel formation that the Bitcoin has formed on the daily chart. This up channel is same as like the previous up channel formation that was formed from December 2019 up Feb 2020. And after breaking down the support of previous channel the price action turned very strong bearish and easily broke down the simple moving averages supports with the time period of 50, 100 and 200. And now it has a again started another up channel from March up till now. Here we can observe after a very strong attempt to break out the resistance of the channel finally the price action is likely to be filled in breaking out and now it is dropping down to hit the support of the channel. Here we have the 100 and 200 simple moving averages supports at the same level where we have the support of the channel and these supports are at $8,000. Then we have the 50 simple moving average support just below the support of the channel. And the 50 simple moving average is moving up to form the golden cross with 100 and 200 simple moving averages. If the 50 SMA will continue this upward move to form the golden then the priceline will not break down the support of this channel, however if the 50 simple moving average will not continue its upward move and it will start moving down then the price action will easily break down the 100 in 200 SMAs and the support of the channel.
The Bitcoin has failed in re-testing the resistance block as support:
We have already seen that on the daily chart the priceline was trying to breakout the resistance block from $9,000 to $9500 level. This is the most strongest support and resistance block that the Bitcoin could not breakout since after the drop off Dec 2017. Once in the month of February 2020 we have witnessed that a Bitcoin broke out this resistance block. After breaking out this resistance block the Priceline tried to retest previous resistance as support but this re-test was unsuccessful and the priceline dropped all the way down up to $4000. Now again the priceline Now I again the priceline of leading cryptocurrency has repeated the same move. The Bitcoin broke out the resistance of this block from 8th to 9th May 2020 and after breaking out the BTC tried to retest the previous resistance as support but again it has failed to retest this resistance block as support and dropped down.
The Bitcoin is likely to be failed in breaking out the resistance of channel on long term chart:
Now I would like to divert your attentions toward the down channel that has been formed on the long-term weekly chart. And we can see here that the priceline was also trying to break out the resistance of this down channel. But so far it is not successful in breaking out the resistance. If the Bitcoin will break down the support of the channel that has been formed on the daily chart then it may retest the 100 simple moving average support that we have within the down channel on this weekly chart. And this 100 SMA support is at this time at $7,100. If the price action will breakdown the 100 simple moving every support then it may retest the 200 SMA support and that is at $5700 at this time. And in case of breaking down the 200 simple moving average the Bitcoin may re-test the support of this down channel and that is at $4,800. However I'm not expecting as that much powerful downward move. In worst situation I'm expecting that the Bitcoin will take a bullish bounce from the 200 simple moving average support as we have already discussed in my previous articles that this is the strongest support ever in the history of Bitcoin that has been never broken down since it is appeared. However the further downward move depends in breaking down the support of an up channel on daily chart.
Conclusion:
All the chart patterns and the indicators are giving bearish signals, therefore the priceline of Bitcoin may turn bearish on short-term. But on long-term after the halving event we can expect a very strong bullish rally for at least 2 years.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Bitcoin halving ? What is the chart saying ? I am still bearish on bitcoin , even if ive had some profitable scalpings during this temporary uptrend. Last one being last week ( ethereum included here ) - but im already out.
In my previous analysis regarding bitcoin- ive said that low should be tested again if we want to rally healthy. But that never happened , instead it went up directly confirming the big daily channel im showing here.
I dont see anything bullish, 11 may fits perfectly in my picture and im very curious to see what will the price do once it hits the top of that channel. But im 90% sure it will go down afterwards. So that would be : buy the rumors- sell the news situation.
Only a huge FOMO based solely on " halving " will simply take bitcoin above that channel- but that in the market terms wont be healthy , and i wont chase such things.
If you want free access to my tel channel , pm me. Above 30% profit for this year already.
Re : Ultimate bitcoin price technical analysis. Hit follow 🥰follow me for more ideas till next Bitcoin halving. each and every entry exit point.
PM me if you are in loss and want some advice.
let me start boring discussion. ( but it’s very important ).
as we know only 14 days left till the next historic halving event. We need to keep watching every move.
as you can see crucial levels starting from supports 6500, 6800, 7400 and resistance levels 7740, 8100.
1. Btc is now at 7670. If it drops from the support 7450 then you can immediately exit and then wait for next sipport 6800. If it holds 6800 then you can again take entry. ( **remember when i say holds support that means minimum 6 one hour candles above that level). if it drops then take entries from 6500 support.
2. If it successfully raise and hold above 7740 and then 8100. then it will be a FOMO situation there. And price can see huge pump toward 9000 level.
3. If bitcoin remains between 7450 and 8100. We can expect mini bull run in major altcoins. like cardano( ADA ), komodo( KMD ), ontology( ONT ) and other good fundamentally strong alts.
I hope you are clear about when to enter and where to exit.
feel free to comment or contact me in PM for any doubt.
If you like my ideas and watch my previous accurate guidance then follow me for more.
Like share knowledge.
Ultimate Bitcoin Price Technical Analysis [Tutorial]follow me for more ideas till next Bitcoin halving. each and every entry exit point.
PM me if you are in loss and want some advice .
let me start boring discussion. ( but it’s very important ).
as we know only 14 days left till the next historic halving event. We need to keep watching every move.
as you can see crucial levels starting from supports 6500 , 6800 , 7400 and resistance levels 7740 , 8100 .
1. Btc is now at 7670 . If it drops from the support 7450 then you can immediately exit and then wait for next sipport 6800 . If it holds 6800 then you can again take entry. ( **remember when i say holds support that means minimum 6 one hour candles above that level). if it drops then take entries from 6500 support.
2. If it successfully raise and hold above 7740 and then 8100 . then it will be a FOMO situation there. And price can see huge pump toward 9000 level.
3. If bitcoin remains between 7450 and 8100 . We can expect mini bull run in major altcoins. like cardano(ADA), komodo(KMD), ontology(ONT) and other good fundamentally strong alts.
I hope you are clear about when to enter and where to exit.
feel free to comment or contact me in PM for any doubt.
If you like my ideas and watch my previous accurate guidance then follow me for more.
Like share knowledge.
TIME TO SHORT - HALVING PRICETIME TO SHORT - ICHIMOKU CLOUD - 1D
I would like to point out and invite you to read the following article which will be of support to you for future analyzes.
Thank you.
Network hashrate and difficulty have been just as volatile as price over the past few months. The third block reward halving is less than 30 days away, which has the possibility of decreasing mining profitability substantially if price does not rise to make up the difference. There are also four new ASICs set for release this year which may help keep hashrate elevated post-halving.
Transactions per day have increased dramatically over the past month, while monthly active addresses remain near eight-month highs. Both NVT and MVRV, which are inversely related to on-chain activity, have decreased substantially over the past time period, suggesting oversold conditions relative to the Bitcoin market cap and on-chain utility.
Technicals for BTC/USD suggest a successful mean reversion attempt after the 62% drop from February to March 12th. The trend remains bearish with the current spot price below both the 200-day EMA and the Cloud. Based on yearly pivots and volume, US$8,100 is key overhead resistance, while US$6,400 should act as significant support.
Historically, legacy markets will also need to stabilize in order for buyers to return to the crypto market. In the months to come, Bitcoin may recover swiftly as quantitative easing and central bank money printing surge to unparalleled levels.
bravenewcoin.com
PROYECCIÓN DEL BTC PARA EL 2020 Y 2021ESTOS SON LOS PRECIOS QUE B TC PODRÍA TENER Y COMO CUANDO EL PRECIO EXPLOTARÍA PARA DESPUÉS DEL MES DEL HALVING
BITCOIN HALVING SET UP (BTC TO $20,000 FIRST) Bitcoin halving set up
BTC TO 20k
HALVING WILL SPIKE BTC DOWN TO 10,840
