Bitcoin on very important SUPPORT - Could reach above 12 605$ !Analysis for next week January 6 — 10, 2020
- BTC/USD ends the trading week at the level of 7344 and continues to move as part of the correction and the formation of the «Wedge» reversal model. Moving averages indicate a downward trend. Prices remain below the area between the signal lines, indicating pressure from sellers of the digital asset. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 6565. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 12605.
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- In favor of raising BTC/USD quotes in the current trading week January 6 — 10, 2020, a rebound from the lower boundary of the «Wedge» model will come out. The second signal will be a rebound from the ascending trend line on the relative strength index (RSI). Cancellation of the Bitcoin growth option will be a fall and a breakdown of the lower boundary of the channel and a continuation of the fall of BTC/USD with a potential target below the level of 4005. A confirmation of the development of an upward trend will be a breakdown of the upper boundary of the «Wedge» model and closing quotes above 8355.
- Analysis January 6 — 10, 2020 suggests an attempt at the support area near the level of 6565. Then, the cryptocurrency will continue to grow to the area below the level of 12605. An additional signal in favor of the growth of the Bitcoin exchange rate will be the support line test on the relative strength index (RSI). Cancellation of the option of raising the Bitcoin cryptocurrency quotes will be a fall and a breakdown of the area 4905. In this case, we should expect continued decline with a target at the level of 4005.
Mention: This is not FINANCIAL ADVICE! Just EDUCATIONAL ANALYSIS!
Btc2020
What will happened if BTCUSD reach 20K like and follow
many people predict that bitcoin will surpase 20k USD for the end of year.
there are strong resistance at 18K or 20KUSD (big round number)
but let see how the newcomers or investor coming in. during
bull run once hit 20k USD.
if the price continuously reject at 20k USD, find some pullback at 12k USD>
current price
$18,448.61 USD (-2.13%)
1.00000000 BTC (0.00%)
BTC to test 19K highs on 12.21.20we have shaken out the 13k waking zone
Shot past the 15k resistance
next target is 17.5k then we should rocket to 19K!!!
23.5k is my market target but we could see a massive drop after 19k peak to 17-15k levels to retest. '
**Biden winning US election can jump start new "digital age" in the USA**
**a WAR will cause an inverse on both XAU and BTC watch out**
Recount of election can slow down movement of BTC.
11.13- 11.24 prediction test 17k falls to 16.4 holds then either drops again to test 15.8 or begins push to 17.5K
BITCOIN shorts to 6300-5800After the drop caused by the panic of the stock markets in general, with the coronavirus as the protagonist, the BITCOIN is in a stabilization phase .
After a drop from highs in 10,400 to close to 4,000 . Very fast in which there has been slight resistance in the 8300 representing a fall of 1 integer in the Fibonacci series (20% drop from highs). It would go straight to 44% drop (2.61) from highs (5800) where it would have quite a bit of resistance. This value has been key since it is the support point of the current trend.
This point contains a lot of resistance and when it was lost it was recovered in just 5 days, which shows a lot of value. The marked lows of 3800 more or less coincide with the minimum drop after the BITCOIN bubble in 2018. This value is going to be fundamental in the coming times . A loss of this value would possibly mean very bad news for the cryptocurrency sector which can serve as STOP LOST KEY (3800) .
So right now the price is lateral between 5800 and 7200 . It has touched 7200 and has not been able to overcome it, so it had to go down to find support (6300 or 5800) .
Even so, the volatility of bitcoin and stock markets in general are much lower. With this the Bitcoin possibly in the next few weeks will try to find new ground in the 5800 (0.61 fibo rise min) although I do not think it will touch them. Possibly it stays in the 6200 (0.78 of fibo of ascent). In 8300 corresponding to 1 of fibo we will have to wait and study the scenario of how the world stock markets are at that time.
FULL ANALYSIS
diariodeuningeniero.c o m / eco20_BTC_en. h t m l
ARDRBTC : Double Bottom With Rejection candlestick.ARDRBTC : Double Bottom With Rejection candlestick.
Buy ARDRBTC : 504 Satoshi
1st Target : 605 Satoshi
2st Target : 716 Satoshi
Stop Loss : 445 satoshi
Mid Term Trade
Note : This is Only for Risk Taker.
There is 11% and 40% Reward.
Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
DGBBTC : Falling Wedge on classical support and resistance Zone.DGBBTC : Falling Wedge on classical support and resistance Zone.
1 Day Time market is Bullish Confirm.
Weekly or Monthly trend Bullish Not Confirm yet.
Market need to test At-least Main bottom.
I have Highlight in green where market has tested our Main Bottom But
I am not happy with that Crash still Need to wait for major trend Confirmation.
DLTBTC : Uptrend Line break Buy at Double BottomDLTBTC : Uptrend Line break Confirm, Buy at Double Bottom
Bitcoin 2020 rise or fall : Decade of AV, AI, Crypto 2020 is not just an year it is beginning of new decade that will be of artificial intelligence, autonomous vehicle, crypto which was started by alan turing breaking enigma code.
One of the biggest enemy of bitcoin is quantum computer in which google is king. this new year is different for bitcoin for number of reasons
news "China's cryptography law that will be effective on January 1, 2020" send it to 10,000k and another news "3 Million Bitcoin in 2 Seconds: Google Quantum Computer" send it from 10k to 7k "
the biggest concerns is that in CES 2020 there will be google, nvidia, baidu and quantum computing there will be huge announcement which are powerful enough to shake BTC
based on technical analysis bitcoin is ready to rise again better than before
since more than 7 top market expert have bet for market crash in march,December 2020 and early 2021. everything is all set for next economic crisis which will be worsen than 2008 that send gold to $1920 (all time high ) for this upcoming crisis an investor has bet gold price for $4003 (precisely). The important thing for crypto lover is that bicoin is digital gold and certified crypto expert teeka tiwari (whose videos are banned on youtube ) says repeatedly bitcoin is highly undervalued. this upcoming crisis might make bitcoin worth one million us dollar that is why it has 9 digits
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Bitcoin Entered Decisive Phase $20,000 or $6000Bitcoin is pretty much harmonic in past few month. Many Bat and Gartley patterns are successfully printed on the chart. This time bitcoin is showing the formation of Bat pattern which is mostly likely to touch two very important levels 11300 and 12000.
Intresting facts is that last two pattern printed by bitcoin are both bearish patterns which is holding support levels around 9500. This support and resistance levels (showin the chart) are also forming descending triangles roughly which is makes my analysis more contstructive.
What I advise is that we should hold bitcoin for atleast 11300 level because bitcoin is about make a bigger move in this year end which will be defining the next year support level. Dont hesitate to hold bitcoin inspite of daily +-$500 movements.
I believe the same scenario of 2017-2018 will be repeating it self, bitcoin will be touching greater price levels after breaking out from the descending triangle pattern.
I am keen to hear from you, what is your idea about bitcoin in last quarter ?
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When the hype FOMO dies and reality kicks in... BTC $2600!! More of a record of proof for my friends than an idea share but here it is my call for BTC.
I have learnt alot since entering crypto at the top of the bull market and then trying to catch the bottom, I was new to trading after all.
But now my T.A is purely based on major trend analysis, no external bull crap, no getting thrown off by miniature trends rather the focus on the long term.
The hunger for money makes believe stupid things but sometimes we need to take a step back and analyse situations without emotional biases.
I believe this was the last of BTCs main parabolic gains, after this the larger gains will be gradual.
Please share your thoughts and thanks for looking
BTC to 1160 USD then a small increase and then 200-400 USDBTC to 1160 USD then a small increase and then 200-400 USD
Explanation of this graph.Bitcoin shows weakness for growth.So I revised my goals for its possible bottom.In global terms, the cryptography market is emerging and what we see is the current decline is only the second wave in the five-wave growth structure.The first global wave lasted 9.5 years.It reached a maximum in 19891 usd for 1 bitcoin (according to the Coinbase exchange).Then I wait for the fall to the level of 200-400 usd for 1 bitcoin.And only after that we will draw a new trend up to new heights.