BTCUSD to ~42k?I love bitcoin, but this run is looking pretty tired. The top may come soon - in the next few weeks as the coinbase IPO comes out. However, technically I see a lot of things getting weak in this chart. First, the bearish divergence between the RSI making lower highs while BTCUSD made higher highs. Next, we have a MACD that while turning up recently seems to be more tepid that the previous advances. In other words, buyers seem to be getting tired. I think we could find our way to the ~~ 42k range (or possibly even 30k, a full 50% retracement), lets say in the next month or two. To me, this shorter term view looks like we're heading down. Some decent mechanisms to play short include puts on MSTR, RIOT, MARA, CAN, BTBT.
Ultimately I think this 59k level is the real test, but if you wanted to give some room, I would say if we confidently moved north of 62k this idea is wrong. otherwise my target remains 42k.
Can
Intermarket analysis of Bitcoin price and Bitcoin miners !If you are interested to invest in Bitcoin and related asset, then Bitcoin miners stocks could be a more rewarding investment opportunity.
As you see in this chart, RIOT, MARA, CAN, and HVBTF are the largest publicly traded Bitcoin miners stocks.
They all have positive correlation with Bitcoin price during Bitcoin bullish rallies and perform 2-4 times better than Bitcoin. As I predicted in early November RIOT has outperformed Bitcoin the best (>4x) in the last 4 months.
In conclusion, it would be good for Bitcoin investors to put some money in Bitcoin miners to boost their cryptocurrency investment performance.
Moshkelgosha
Perfect time to short..!Potential price drop: 30-40%
Reward/Risk:3
Timeframe: less than 1 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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I still believe stock market is the HOTEST market!Professional traders love turbulence in the markets because bigger fluctuations means bigger opportunities to buy/sell.
When newbies panicking, the real wolves come out for hunts. They are disciplined strategist who have action plans for different markets.
What makes a trader exceptional is his mindset..! To be exceptional you should have NEUTRAL MINDSET, you should trade like machines, there should be zero tolerance for your feelings.
An exceptional trader has action plan for every moment of the market, it doesn’t matter it is bullish/Bearish, you should be prepared for every situation, if you don’t want to be washed away by big waves.
To maximize your profits you should first recognize the most emerging market. As you see RIOT and MARA are influenced by Bitcoin price and react more aggressively in bullish rallies they out perform Bitcoin itself by huge, and in correction they provide bigger sell opportunities! In the most recent 23% correction theses stocks corrected 43-47% in less than 4 days. Assume you bought their put options!
Last week I asked my followers to take profits out of these stocks and 48 hours ago when Bitcoin was 56975, I send them an EMERGENCY NOTICE of 10-20% correction in Bitcoin price!
For more information and evidence, please review my analysis in the related links
Moshkelgosha
MMNG mining global mining-global.com
Not current with Sec
Was registered as mineral mining outfit.
Working on the website
Looks like they gunna try their hand at bitcoin mining. Who else mines bitcoin? Riot and Mara. If your not familiar, I suggest you look at those charts to get an idea of what could happen.
Will it happen Monday? This week? Next month? Most likely not, but investing is about patience and using that one muscle god gave us that separates us from the ape.
Gl all.
What are the target price for CANPotential gain:+100%
Reward/Risk:+5
Timeframe: 3-6 months
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MY TOP 10 ANALYSIS IN THE LAST 3 MONTHS VS SPX,NDX,DJII would like to invite my followers and all other users on Tradingview who did a trade base on my analysis in the last 3 months to write a comment about their experience.
While major 3 indexes gained 7.5 to 12.5 % in the last 3 months, I had two 4 digits, many 3 digits, and lots of + 50% analysis.
Keep it on your mind that I made the call to buy:
MARA @ 2.37
RIOT @ 3.43
BNGO @ 0.54
CHEK @ 0.36
CAN @ 2.60
PLUG @ 15.47
IDEX @ 1.54
GEVO @ 3.70
SYN @ 0.38
FCEL @ 5.36
Please write what you think in the comment.
EBON (EBANG makes BTC Mining Hardware)EBON (EBANG makes BTC Mining Hardware)
This will go up but what puzzles me is that it's competitor has a lower price and it is still dropping - both EBANG and CAN should be the same price and the y both will climb but both are finding that price as i write this.
I am hopeful we will have a longer chart in the future with more to see.
Once the BTC price jump everyone will wonder what these mining companies do - they make mining equipment and i would think they also are mining bitcoin so they will be profitable.
CAN a mining company that should 50x when BTC lifts offCAN a mining company that should 50x when BTC lifts off
buy before BTC breaks all time high.
I set limit buys for $2.01 $2.20 $ 2.30 and a market buy just in case we never see these prices again.
I imagine there will be a crash this fall in all market taking CAN with it for a day and then it will lift off.
Once the market crashes people will realize that BTC and GOLD were the winners and pile in.
This is just like my play in RIOT and MARA see links below.
Potential Long Breakout with $CANThe pattern is approaching the end of its chart pattern and a minor resistance line ($2.05). Once it passes this, this stock will go up to its next resistance line.
Looking at the daily chart pattern, the stock has already reached lower lows and I predict that it's time for it to go higher. The stock right now is creating a momentum/consolidating ready for the breakout. MACD also confirms this.
I'm predicting, when it crosses the diagonal chart pattern and its minor resistance line, it will have a huge bullish breakout.
Potential for ~$3.30.