BTCUSD ->Fiyatın Sarı Üçgen İçindeki Mavi Çizgiye Uygun Hareket Edeceğini Düşünüyorum.
->Bir Önceki Paylaşımımın Üstüne Eklenmiş, Günlük, Halidir. Fiyatlanma Daha Rahat Gözlenebilir.
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Yazdıklarım Tamamen Benim Fikirlerimdir. YATIRIM TAVSİYESİ DEĞİLDİR.
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Bol Kazançlar :)
Btchalving
BTC To $17k In 2 Weeks?This is not financial advice.
All of the information I have to show is displayed on the chart. For some clarification to what I'm pointing my finger at - There is an odd coincidence between Peaks 1-2 and Peaks 3-4 that I raise an eyebrow too. They were both 32 weeks apart and had almost exactly half the % gain in comparison to each other. That's odd enough on its own, but to top it off they're both aligned with the halvings pretty perfectly.
Now if this were to repeat it would need to happen quickly, and most of the bullish scenarios would be drastically underestimating how Bitcoin is about to move. I am by no means claiming this is certainly going to happen though. I'm just looking at what the chart would imply is going to happen if history repeated. Even for BTC it's a stretch to think it would move that high that fast. We would see it at roughly $17-$18k by February 9th to match the 32 week bar and 112% - 56% - 28% difference.
I am keeping it in the cards regardless of my optimistic or pessimistic outlooks. I want to see us a week or two past that 32 week mark before I'd pull it.
BTC - For the first time in 10 months!!!!For the first time in ten months the 50 MVA will cross above the 100 MVA. The last time this happened we had a strong bullish cycle for the next 3.5 months. I'm expecting the same thing here going into the halving.
Don't believe me??? I'm right a lot and you can confirm that by looking at my forecast 2.5 months ago.
Decision Point for Bitcoin! Can Bitcoin push above this solid resistance area to kick start the bull run!
The next few days are critical as the upcoming area has a confluence of the below three levels of resistance:
1) 200 day moving average line.
2) Fib level of 0.382, if you take the move down from (approx $14K) top in 2019 and the recent $6.5K bottom.
3) The multi month support level just over $9K which acted as strong support during the summer of 2019, until finally breaking down with an epic downward action - this would now qualify as strong resistance as per technical analysis theory.
The current positive signs for the bulls are that it has tested this area many times over the past week and is showing some healthy consolidation near it, rather than just bouncing down. Lets not forget about the upcoming halving event in May 2020, as per previous halving events, the market does tend to boom.
Bitcoin Halving DemystifiedI was recently asked of my opinion on how I could possibly come up with a Papa Bear Projection Chart where the correction period takes over a year long - one that takes us well into next year, and into and over the next Bitcoin halving date of May 2020. I figured it would be easier to simply print a chart for reference.
A picture speaks a thousand words. Here's a history of Bitcoin halvings - all two of them.
A. The first and the only point pertinent to the question that was asked of me is point A - the second BTC halving which occurred in July 2016 where the price of Bitcoin dropped ~40% immediately BEFORE, DURING and AFTER it.
Need I say more? The rest of this post is for educational purposes.
B. Here, the price dropped by 75% six months after the first halving (that should have said first on the chart).
C. A drop in price of approximately 80% in its early days (11.85 to 2.22) and one year before the first halving.
D. A correction period of over 1.5 years where the price dropped by about 90% between the two halvings (1163 to 152).
E. The price rose by 100% one year after the second halving. As an analogy, in today's terms, it would rise from 3000 to 6000 or 8000 to 16000 one year after the next halving (I'm not saying this is what will happen).
F. A correction period of over a year where the price dropped by ~85% (~20000 to ~3000).
Bitcoin has had more elongated correction periods and FAR MORE drops in price than it has had halvings. A third correction period of over a year or another drop in price is neither an abnormality nor a deviation from the "norm".
I guess the only reason I can think of as to why people think my projection seems so absolutely absurd is because they be dreamin' of owning Maseratis and Mansions and they be wantin' it now.
Do I think halvings have anything to do with the price of Bitcoin (all one of the two halvings which had no significant correlation, where the price did not increase immediately after the halving and only increased months later in line with the trend it was in prior to the halving)? None whatsoever.
Do I expect the price of Bitcoin to increase in the future? Yes, but only after it corrects.
What is clear from this chart is that BTC, just like any other stock or crypto, goes through cycles.
I can't predict when the corrections will end but I can forecast where it will likely finish based on its cycle and technical analysis, and that is what I am most concerned with at Purple Crypto Premium.
Adios amigos.
What goes up must come down.
My Secret Papa Bear Chart
It Played Out Like a Beautiful Melody
Are We Ready for the Crash?
Are We There Yet?
What If It Goes Down? Future Projection
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There's only one person you need to follow when it comes to crypto.
BTC at Key SupportWhat Key Support?
We are again at the 0.618 - 0.65 FIB retracement zone, which is the MOST important FIB zone for BTC. Whether this zone holds is crucial to where BTC could reach in 2020.
When to enter?
1. Timing: Now - Christmas
Historically, we often see better market performance in December compared to the other eleven months. Why?
- It's time for big sales as traders ditch losing positions for tax write-offs
- Portfolio managers bid more aggressively in the market to end the year with better performance reports
2. Use RSI MAs
We are still a big fan of using RSI holding/failing its MAs as signals for entering heavier positions. And this type of pattern is always magnified when it happens at MA crossovers.
What could 2020 BTC halving do to BTC price?
We all know that the next halving will happen in May 2020. Given the still heated discussion around whether 4k is the bottom or we are going to drop below 1k, we do think the key resistance zone at 14k needs to be tested before we break to the upside. This will lead to several months of consolidation in the 7-14k zone. Similar to the 80% price pump before the July 2016 halving, we may see a speculative effect in March - April next year, breaking above the 14k resistance. (The less of a speculative effect before the November 2012 halving may be due to the digital asset’s lack of media attention at the time.) This same type of "buy the rumor, sell the news" behavior has occurred numerous times in the crypto space, leading by the BTC future trading launch on CME and CBOE . BTC price increased more than 300% prior to the actual launch, followed by the 2018 and 2019 crypto winter.
Goodluck Trading!
btcusdnew update for btc
i believe still is in diametric pattern with complex correction but main trend is bullish
for short term trade you can sell in every resistance and buy cheaper
for long term trade you can buy after any correction in support levels, and hold it until May 17, 2020 (BTC reward halving day)
Is $100,000 possible for Bitcoin before the next Halving?Although the Fibonacci Channel says it is, since the price is currently on the support, Bitcoin's historic price action shows that the parabolic curve will continue to dictate the direction, until it breaks (either way) or becomes asymptotic. We can't yet confirm those scenarios.
What we can confirm is the behavior before each Halving. Halvings tend to initiate new bull markets on BTC with parabolic growth. Before those the price accumulates and distributes, the phase we most likely are in today.
What we can also evaluate is the decelerating rate on both the Highs and Lows. So I assume that the next High will again have a lower growth rate than the previous one (thus extending the curved pattern), which makes me believe that $100,000 is not possible for Bitcoin before the next (3rd) Halving. It can be achieved though by late 2021.
Let me know what you think in the comment section!
See another similar study based on the RSI:
The argument based on the Fibonacci Channel: