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Bitcoinmoon

7 Days till $10,000Bitcoin may drop to about $6700 before bouncing back to $10,000 within the next 7 days, just before the Fork. A closer look shows on the 4H chart that the Ichimoku cloud has a strong resistance level and a large shoulder. If you look at my prior TA, you'll see that as Bitcoin falls after a nice rally, it will bounce off the shoulder of the ichimoku cloud and continue upwards. I think we have a very high likelihood of a repeat of this behavior before the fork. Buy and HODL!
BITFINEX:BTCUSDLong
by Tin.Foil
1
Bitcoin - Fibonacci levels & ExtensionsBitcoin hit ATH not long ago and broke the $6000 psychological area. With a little bit of backtesting we can see that Bitcoin tends to retrace back to previous structure and these areas just so happen to be precise fibonacci levels as seen in the analysis. Broke $3000 -> back to $1850 | 0.5 fib Broke $4990 -> back to $3000 | 0.618 fib So whats next? Well, my predictions are the following: With backtesting BTC I can see a retracement back to 0.382 - $4957 area before buyers load up again for new ATH's and test the fib extensions I've drawn: 1.272 @ $7045 and 1.618 @ $8147. Text in bold has yet to happen Broke $3000 -> back to $1850 | 0.5 fib Broke $4957 -> back to $3000 | 0.618 fib Broke $6180 -> back to $4957 | 0.382 fib Breaks 7000$ -> back to $6180? This is my previous Bitcoin analysis which was mainly done for fun but it respected it perfectly and started peeling at my target. Can also be found down below. Check out my other Crypto ideas in the Related Ideas tab. Don't forget to like & Follow Happy Trading!
BITSTAMP:BTCUSDLong
by Goztrak
2
Bitcoin Fibs for Target $10,000 by Jan-20 and Nov-5 target $7000These are my Bitcoin Fibs for Target $10,000 considering our recent level at $5800-5900 is considered a resistance level that will be no more than 61% retrace after hitting $10k. I'm hesitant to state that we may break out of the current Pitchfork. We're near the upper edge now and if we to break out, we could really move up and I may have to update my pitchfork again in a month or two after we see the new trendline emerge. Being that we're near the top of the pitchfork, we may go sideways and slowly upward for a bit with a slow increase until Jan-20th where we could still be near or around the $10,000 mark if we stay in the upper level (unlikely). Alternately, we may still bounce around between the top and bottom of the pitchfork until January and could hit a high of $8-10k while staying in the current pitchfork. If we break above the pitchfork (I'm kind of thinking we will, which means the future will be uncertain. Great but uncertain and could get more volatile for a month or two after a rapid rise. If we drop within the current pitchfork, currently we could see numbers as low as $3000-3600, but I'm doubtful that we will fall that far without some major event causing a flash-crash. I feel we are very much on track for a November 5th target of $7000 coming to fruition and if this target is hit, we could see a rapid rally out of the top of the pitchfork, possibly jumping another $1000 to $8000 within a 24 hour period after that.
BITFINEX:BTCUSDLong
by Tin.Foil
Target of $13,000-25,000 between Jan-20-2018 and Feb-20-2018If we break out of the top of the current pitchfork, expect higher highs. Also, with the Ichimoku TS/KS lines in the proper order now and the TS is upward facing today on the daily chart, with KS flat, it's likely with the recent new highs and FOMO, we'll see the KS line point upward with the TS line, thus TS/KS upward facing leading to more rapid acceleration in value that could push us well above the $7500 mark by my November 5th target on the chart. If both of these things happen, combined with more people showing interest and more news about how much Bitcoin is turning out to be worth, you'll likely see us hit a target between $13,000 and $25,000 in the 30 day window between Jan-20th-2018 and Feb-20th-2018. My gut feeling is that if we break through the top of the pitchfork, we'll be going right for $25,000 and we may see things drop or hover around $13,000 before we achieve those new highs. The time to buy is now. BUY AND HOLD! Right now I do not see anything in the radar that puts any fear into me, other than high volatility. I feel I should sell anything I don't immediately need, so that I can put more money in at this low point in the price. With the history of Bitcoin, it's bubbles and crashes, I feel we are still very early on in this growth period. I can see the value achieving $200,000 within the next 1-2 years if this continues without any major hiccups. The China ban everyone was worried about has pretty much passed. The new Russian ban is something to watch, but likely not to affect Bitcoin's value by much since China is a major driving factor in the price/value. Some day, Bitcoin will be looked at like the Saudis and their Oil riches. It will have made many Chinese rich beyond their wildest dreams and those who are informed and making reasonable investments into Bitcoin will also achieve similar riches. Consider this: Dec-23rd-2013 I bought family members each $10 worth of Bitcoin to get them involved. I also bought them $30 worth of Silver in 1 Troy Oz coins. Today, Silver has gone up almost $3, just under 10% over 4 years. Bitcoin on the other hand has gone up 830% in those same 4 years. - $10 Bitcoin, now worth $83 - $30 Silver Coins, now worth $35 What will 4 more years bring? Think logarithmic! It won't just be another 830% growth in 4 years, it might be closer to 8000% growth in the next 4 years.
BITFINEX:BTCUSDLong
by Tin.Foil
1
BTC/USD to 100k by 2021This chart that overlays an analysis (from wizsec) of how much hot/cold BTC Mt. Gox had in the years leading up to their closure, while they were in the process of having coins stolen. It shows that there was definitely an overlap in potential Mt. Gox theft activity, bot activity, and the mega bubble. i.imgur.com At the bottom of the same chart, you can also compare with /u/_supert_'s price prediction model which is based on tx growth. Notice the model has a major divergence during the period where the Gox thieves would be unloading 100s of thousands of coins, but then it settles back into it's original growth slope. Conclusion: The mega bubble was driven by fraudulent/inorganic activity and we should not expect a repeat. However, fundamentals are strong and adoption continues to grow. It may be wise to take a multi-year outlook. I believe we're still low on the S-curve of technology adoption, and thus there's no reason to believe that we will cease exponential growth yet. See " Speculative Adoption Theory " for a great read. Near term, we could go as low as 1600 while remaining bullish. Long term, we should see $50k or even $100k coins by the end of 2020.
BITSTAMP:BTCUSDLong
by WeGotCactus
4
Some solid price rise ahead for BitcoinHere we can see our price has hit some support at the 2/1 Gann line and our stochastic is at medium threshold, when historically it has been at the upper threshold, this is great signal for a price rise. We also see some bullish confirmation right where the support line is hit. This is compounded by the fact that our 20 and 50W MA's are very close to crossing, which is a excellent signal for an uptrend because the last time they were this close was around April. I foresee this 20W MA wanting to move farther away from the 50W MA and the only way for this to happen is for price to go up up up and away.
BITSTAMP:BTCUSDLong
by MichaelBlach
5
Potential 3k breakthrough in coming weeks??Here we can see that Bitcoin can potentially reach its all time high, based on the 2/1 Gann Line meeting with a resistance line in the Fibb retracement at $2910. We could see some nice rise if it is able to breakthrough once it is tested. I disregarded the stochastic level, which is above the 80 threshold and also disregarded the MA and the fact it is in the overbought position because Bitcoin has historically been in the overbought position most of the time, at least as of late. I am aware that this is a very bullish prediction, but I am optimistic. Anyone willing to take some risk should consider a long here and hopefully we'll see it break 3k! Good Luck!
BITSTAMP:BTCUSDLong
by MichaelBlach
2
Bitcoin - major trendlines and further sentiment. Still very bullish sentiment, despite yesterday's imho very healthy correction. I am investing long term in bitcoin mostly, though I see no sense in investing further on from here. My break-even position atm is 300 USD. Majority I bought at 140 USD, cheapest at 5 USD. I will try to cash out on this bubble partially and increase my overall BTC holdings. But my feel is there is still a lot of potential for this bull run, especially after this correction. I dunno want to take to big risk to decrease my long term BTC position. I rather even miss on that opportunity. Reasons for my further bullish sentiment: China fog lifted away and gone-forgotten, positive moves on scaling issues, lot of shitcoins still need to get converted to the ones with real world value, fiat to crypto-world conversion infrastructure is getting bigger and better-> no single point of failure, major failures or events do not even slightly shake the market anymore.... Its been three and a half years since last bubble. Between last two ones it was only matter of months and multiplayer between peaks was 4. Now we are only at around 2. Although if we look at all the crypto market we are somewhere around 8. My guess is that 20 can be achieved, considering the timespan and adoption rate cryptocurrencies took. If only this bull run can be extended over two months at least.. if it will start to spike too wildly like yesterday it might be over too soon for my hopes.
BITSTAMP:BTCUSDLong
by eye1