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Btcforcast

BTC. 4h. Local target is $9680. Global one unchanged.Hello! Briefly about the history. The price continues to move according to our main scenario. In the previous idea , we wrote about the critical level $10,750 , which buyers could not cope with within 9 days. There were false breakouts and nothing more. The mark $10,600 is confidently broken on the volume and we believe that it is just the beginning. News background. Last night, the calm flat of the crypto world was awakened by the news about the accusation of the Bitmex exchange co-owner in money laundering. Without hesitation, BTC rapidly went down, followed by other coins. It just so happened that the new sleaze in the crypt happens exactly when it is necessary to start the price impulse in the right direction. Today, the negative news background continued : Donald Trump has Covid-19. After lunch, the stock market will shake a lot, and with it the cryptocurrency market. We think that the price movement will be directed downward. Our thoughts are as follows: level $10,300 will be broken level $10,000 will be broken on $9800 dense walls, but they will be pushed through and form a false breakdown to $9680 and only then a flat in the range $9700-10,000 can start. P.S. These are local targets. The global ones remain unchanged. _________________________________ Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Short
by P_S_trade
The start of a huge bull run in BTC again?Patterns and price action repeats itself over and over again in markets. Time and time again we see assets with their own specific price action characteristics repeating which can present us with fantastic opportunities to get into the market. Here you see BTC price action (blue) in 2015 following the LTC (Litecoin) halving which led to a bull run that reached $20,000. The price action is strikingly similar to the current BTC price action after the 2019 LTC halving with one major difference: we have encountered an enormous unforeseen deflationary spike as a result of the Coronavirus pandemic which has led to a hefty drop in BTC price. Just before this deflationary spike, BTC was following an upwards trend to the 10,500 mark which in visual terms matched almost precisely what happened in 2015 (check the comparison of price action). With the Federal Reserve flooding the markets with liquidity and massively increasing the circulation of dollars in the system to try and inflate our way out of this crisis, I find it hugely improbable that the markets will suffer any more drops of significance which leads me to believe that BTC will continue on its original path upwards. With the purchasing power of the USD set to fall off in light of the Fed's mass printing, this will push prices in BTC higher and with a shortage of the only other tangible and unprintable assets on earth (commodities ) it is my belief that considerable amounts of money will enter Bitcoin and the crypto space in general, therefore, price action will continue in its original path.
BITFINEX:BTCUSDLong
by jakecarling41
7
Bitcoin Forecast Price until 2024 HalvingHi dear friend i was looking at the charts for a while to figure at a pattern that mostly used for bitcoin it come with something strange ! bitcoin rises per halving splits to half, like first halving it grows around 8000 percent , the second one was given around 4000 gain and the 3th one should give a proximity around 2000 percent and so on ... So if we look at chart after breakout on 2012 it tested the broken resistance right after it and after rejection , it make a "gap" between broken resistance and clime it way up to halving day and so on till price hit ATH after correction to 200$ price , around 8 month before second halving it break a major resistance and right after it retest it again and create another gap between 300$ and 380$ and price clime it way up to new ATH at 19K ATH and here is deal with lots of questions : After correction to 3K price found it resistance at 6000$ and like the other halving times it breaks the 6k resistance and fomo didn't let the price retest right after it and it takes about 5 month to retest the 6k and its DONE . Now price create a "gap" between 6k and 8k so we should just wait to price clime it way up to new All time high around at least 2000% from last broken resistance i don't know we will be alive or not at that moment :)) but i think somewhere between 2022 price reaches the price like 100K very normally So let me know what you think of this prediction , ill be appreciative
BITSTAMP:BTCUSD
by mrmoradi
3
BTC (Prj.2019.P04.E02).MICRO Level AnalysisFor now, this is only an idea, with no confirmation. We all know that the top sloping resistance is most likely the MACRO level resistance as well, however how we approach it is also an opportunity and also a risk. My gut feeling is we will have another consolidation just under the resistance for another imminent breakout, with 50/50% either way. The next 4 hours and the coming days\weeks will provide more data if this hypothesis holds true. Note: Red sections symbolise major resistance point to overcome. They require either a) a consolidation below it or b) precise\convincing break though. In each case, we need a open and closing of a daily candle above it to enter as a rough rule. Cheers, SSari. From previous post
Short
by ssari
BTC Forecast Update. 8.5k within 48-72 hrsHighly likely we'll be around 8.3k-8.6k within the next 48 hours. Previous charts: Objective: This has been going exactly according to plan as per my last 3 BTC charts that I've posted. Here's the update. We have rejected from the 10.2k twice now (the red boxes). I was originally worried for my short position we'd get to 10.6. Not worried anymore. We've already bounced off the top of 9k (May 30th 2018 top). Next rejection point should be at the Purple box. Rejecting at the Yellow line is expected, getting to the orange would surprise me, and if price raised to the teal level at 10.2k/10.3k I would have to reassess my positions. There is no where left for the price to go. We either need to break the 10.2k, or we're going to the next zone below at 8.6k-8.3k. Subjective: -There are still lessening shorts, the price movement is more bearish by the day, and September futures are finally trading at a 50-100$ discount depending on your exchange. December is nearly at Spot price. This is the first definitive sign that the market is turning bearish. Too bad they're about a month late lol, should've been shorting that premium. -If I'm correct this down move will be exacerbated because the long term indicators (4hr, 1D) are currently saying to buy, which is exactly what happened last time at this point from 20k fractal. The margin positions and buyers will create a waterfall effect downwards as stops and liquidation are hit in conjunction with market makers selling spot. Long term prediction: After the bounce from the 8k range to the 9's, well be at 7.5k within 1-2 weeks. Price holding at 10.4k would invalidate everything.
BITFINEX:BTCUSDShort
by teckno05
2
QTUM 250% to 1000% Mid to Long term Profits OpportunityQtum is one of the most potential projects in crypto. Combining a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM), Qtum merges the reliability of Bitcoin’s unfailing blockchain with the endless possibilities provided by smart contracts. Conditional Trustless transactions, Replace traditonal contracts between parties, Build Decentralized applications, Trustless transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistant, No single point of failure, No % based transfer costs and so on. But this great project did appeared to be in a bearish trend for the whole year of 2018 and seems it reached its deepest point for now and trying to construct an upward reversal trend both in the long and short term position accumulation opportunities. Once it breaks the falling wedge triangles for both time periods seen in blue and red patterns and close above we will be in a long term upward trend once again with a creation of an elliott wave. Here are the major resistance levels for a reversal once the breakout happen. Accumulation Zone : 55000 sats - 65000 sats Distribution Zones Target 1 : 105200 sats Target 2 : 137300 sats Target 3 : 163200 sats Target 4 : 189100 sats Target 5 : 224100 sats Long Term Sell Targets : Target 1 : 157100 sats Target 2 : 222100 sats Target 3 : 274700 sats Target 4 : 327200 sats Target 5 : 402100 sats Target 6 : 497400 sats+ Stop Loss : 50000 sats Good Luck. Legal disclaimer: Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
by cryptotalk_et
1