Bitcoin Trend analysis on Weekly Time frame# Bitcoin Trend analysis on Weekly Time frame
If BTC does not recover from current levels then we can see 12700 Level
If BTC start recovering then we can see 50000
Bitcoinlongtermpricetrendanalysis
BITCOIN BULLISHBITCOIN BASE ON MY T.A.. FORMING ASCENDING PATTERN DAILY TF
ALSO FORMING A FALLING WEDGE
MACD and RSI is Bullish Divergence
For Bullish Bias of Bitcoin Bulls need to break the 40k
support/resistance Level to Confirm the Upside Breakout.
Thats is a .618 fibb ret.
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Long term Bitcoin price actionBulls and bears welcome !
Just a new updated reference to those who wanted a chart since 2013.
The mining block reward on bitcoin cuts 50 percent every 4 years.
50 to 25 Block reward 2012
25 to 12.5 block reward 2016
12.5 to 6.25 block reward 2020
I am not a financial adviser. This is a long term chart of bitcoin, I included include the 2014-2015 bear market and channel of price action over the long term.
Hodl and peace
BTCUSD - Time for euphoria?Just a short quick update
1. Breaking the falling resistance at 3.850$ is a bullish sign
2. The higher low at 3.350$ is a bullish sign
3. First higher high at 4.150$ is bullish sign
Please pay attention and consider it in context. Since November the price lost over 3.000$. Every little reaction rally created a lower high. We didn´t test the low of december to show strenght an a create a real bottom. Now we see 14 days of a bullish bitcoin since a long time. We have to be patient and wait for a confirmation. I expect a maximum of 4.500-4.700$ with touching the falling 200-days average.
Breaking the 200-days average with daily close i have to overthink this assessment.
Have a nice weekend!!!
BTCUSD a long term view on logarithmic scaleThis idea is based on Masterluc famous chart.
My trendlines are a bit different but we can see many correlation in price movements.
At the moment we are in a support zone formed by the MA50,the ascending trendline and 461.80% of the huge fibonacci retracement.
I drawn just three of the infinite possible move.
The bearish one has correlation with the bearish movement of 2014-2015, which dropped about 78%.
The bullish scenario shows a target of 60k$ for the end of 2018.
as the mid term bearish scenario is still in play,as shown in my previous chart, i think at the moment is the most probable move but anything can happen in this crazy market and the support zone at around 6500-6600 is very strong.
