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BITCOIN to 20.000$ ? We are on our way en here is why! MUST SEE!Dear traders, I have prepared an analysis of Bitcoin on the longer term. You can see here Bitcoin with an MACD on a weekly time frame basis and a MACD on a daily basis. If we go back in time for a moment, we got a sell signal in the weekly MACD on January 25 2018. The price of Bitcoin did not move higher after that but continued to fall with botteming out until October 24, 2018. It was a correction of 82% This was THE time to buy! The next sell signal of the weekly MACD was on August 30, 2019. The following period we got a correction of 64%. Again the perfect place to buy for longer term! Currently, we got the sell signal of the week MACD on April 23, 2021. Compare the chart yourself. The daily MACD is currently NOT showing any positive divergence so this correction is probably going to continue for some time before we see bigger pullbacks. That is ofcourse just a scenario because we are talking here on longer time frames. Traders, this does not imply that there will be no rebounds. But the long term picture and prices above 65000 can in my personal opinion be forgotten for a longer period. I understand traders who don't believe this scenario but this is my view on it. I believe Bitcoin will climb to 300.000 $ in the future only it will not go in one line. We do have corrections needed for a stable growth in price. So According to my personal analysis, with Bitcoin, we can see a possible bottom in the period January to July 2022 with a price target of 20000! Where and how do I get that number of 20000? First it was a milestone and extemely important keylevel in 2018. It is also the top from now with a 65% correction ( the minimum correction from the last 2 correctiosn). The time is just what happened in the past from the moment the MACD signal was given untill the final bottom and Bitcoin went up again! That is minimum 6 months and maximum 12 months if and only if history repeats it self. But that is where TA is based on and never forget it does not work always and for 100% but you will have a big edge on traders who don't see the bigger picture! Guy's as said already, this hypothese is my personal view on Bitcoin. It is not investment advice but a hypothesis that I believe has a very good chance of happening. I respect everyone's opinion even if it is different. That is why there are bulls and bears and the market is always priced correctly because there is as much demand as supply. The market also always comes back to the longer term average. My view on Bitcoin for the long term is very bullish because Bitcoin is only limited in circulation namely 21 million coins can be mined but again that will probably happen from next year only. Would love to hear your idea's and view on Bitcoin traders. What is your view and most important why! An idea is good but without analysis it says nothing of course. If you like my work please support it by following me and giving me thumbs up. That will motivate to continue with analysing the charts! Thanks!!! I wish all of you good trading and profits!
BITSTAMP:BTCUSDShort
by PegasusTechCharts
4
Bitcoin vs Gold / Gold's Last Dance / Spot the DifferencesBesides time, that is x10 faster on Bitcoin due to technological advancements, better global access to markets and information i see no other major differences. Our future self 30 years from now when we will be around 60-90 will sound to our kids and grandkids as our grandparents and parents right now, BTC is the safe haven!!! Matter of fact BTC has a bright future ahead but imo the insane bitcoin rush is now gone, it will slowly and gradually replace gold (as global reserve) but first gold has one last dance.
BITSTAMP:BTCUSD
by Philoslother
WHEN CRYPTO WILL CRASH? - CRYPTO MARKET CAP CRAZY ANALYSISHi guys. I'm very proud of this analysis. 1) Based on the first macro Fibonacci extension and the fib circles, it looks likes we are approaching the next crash which will occur in May (-40%-45%?). This is exactly what happened in the previous cycles. The crypto market will go down once it reaches 3.2T$ However good news. This is not the end of the cycle. 2) Based on the second macro Fibonacci extension, the fib cycles, and the fib time zone, it looks like we will top out between the end of Aug and Sept. This is exactly what happened in the previous cycles. The crypto market will go crash once it reaches 17T$. I'm not sure there will be a super cycle.
CRYPTOCAP:TOTALLong
by Homocryptus
3
The market PINEAPPLE Analogy for better tradingMany traders think that buying a stock is like buying a shirt in the store, IT IS NOT! Buying a stock is like buying a PINEAPPLE, if you understand PINEAPPLES, you understand stocks. 1 - first you have the first sprouts of the pineapple, that came from a seed, this price is extremely cheap. 2 - then the plant grows, and you have a full plant with leaves. Price is increasing with value. 3 - then the plant produces an un-ripe fruit (Green pineapple). Price is increasing with value. The farmer sells to the distributor of pineapples the un-ripe pineapple at a higher price. 4 - then the fruit becomes ripe and is ready for eating. The grocery store sells the pineapple to a restaurant at a higher price. 5- you can get the ripe pineapple and cut it open, and serve it at a higher price to a standby customer. He will gladly pay. 6 - if you cut the pineapple open or just bought it, and you didn't realize it on time (sell it to someone else), the fruit is starting to spoil, so you will lower the price just to get rid of it. 7 - once a lot of time has passed, the fruit is spoiled and no one wants to buy spoiled fruit, so the price decrease and the pineapple/stock go to the garbage. 8 - until the cycle repeats itself... Key takeaways: - Expensive can be much more expensive -> don't be afraid to buy a new high. - Stock is not like a shirt, if the price is down, it means something is wrong with it -->> the stock starting to spoil. - Cheap can get a lot cheaper. - When you buy a stock you need to look at it from the perspective of the seller/producer and not through the eyes of the customer... If you like it, press the like so this idea will be saved to your saved ideas for future reference.
NYSE:NIOEducation
by ZoharCho
1