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Bitcoin MAJOR UpdatePlease review the current price action of BTC. 1. Bitcoin is still in the Ascending Channel 2. Just broke out of a small bull flag looking to test higher levels 3. Top of the Channel (Red Line) is formed from the bottom support from Bitcoins lowest levels. 4. The top of the Channel is prices at 28-30K 5. Fear & Greed index is at an ATH. 6. Do NOT buy here 7. Expect a 20-40% Correction in the near future 8. Possible Alt Season During Correction - but not confirmed yet Forming another leg up but the trend will end soon.
COINBASE:BTCUSDLong
by GlobalHealthWealth
#BTC #Bitcoin AnalysisFollowing the breakout of the bullish triangle at the $ 19,500 level, it reached the top of the channel at $ 23,650, where it was rejected forming a descending triangle pattern, which has been broken to the upside. In turn, a small bullish channel (light green color) has been formed driven by the support of the 50 moving average in 1 hour ranges, which has been rejected a moment ago, next to the support of the range $ 23,200 - $ 23,300 . The price may lateralize a bit as an accumulation process before continuing with a new rise and another retest of the upper part of the external bullish channel (light blue color). Likewise, be careful with your risks, the market is volatile, and every big bullish move has its correction.
Long
by jumperstars
What will be the Future of Bitcoin Price ?What will be the future of bitcoin prices? Hello to all friends As you can see, in the long run we can analyze bitcoin like this and this analysis will be one of the most valid analyzes for bitcoin. Given the price channel, as well as the Elliott wave pattern, Bitcoin has most likely completed its Wave 3 and started completing its Correction Wave 4. Given the strong support at $ 12,000, it is likely that the end of wave 4 correction will be $ 12,000, after which wave 5 will begin to complete. There is very strong support at the $ 12,000 level, and as we all know, the price always needs to rejuvenate and rest after a strong climb, and the best place to end this break would be $ 12,000. In case of failure of the high level of the channel, a new analysis of your service will be provided in the near future, dear ones So the best decision for dear investors and traders is: People who are planning to invest recently, it is better to wait until the price task is determined with this level of the formed channel, and in case of failure of the channel, after re-testing it, enter into buy trades. Those who are currently trading open should make a small profit and increase their investment to $ 12,000 again if this scenario is completed. If you liked this analysis, let me know by dropping that like button! If you have any questions, ask me here ! Until next time! Cheers, OtanaTA ( Hamid Mojarad )
Long
by HamidMojarrad
3
Long Term Eth PredictionEth looks to be forming a cup and handle to break major resistance around the 470 price point. It could get rejected and move sideways in the short term, but with all of the news about eth 2.0 recently, BTC's positive price movement, and uncertainty with US politics I feel this will break to the upside most likely sooner rather than later. If this happens, the next major resistance area is 660-800 levels before testing all time highs. Not financial advice, just how I see this playing out over the upcoming months. Good Luck!
COINBASE:ETHUSDLong
by steinkampc
Multi-year bear market end or not?? Prologue: This pair has been in a multi-year bear market and all that could change soon. This year alone, the price hit a multi-year low of 0.80189. The price has recovered to a year high of 0.90110. However, since July, the price slid into a zone between support and resistance that have kept the price ranging for the past few months. It's important to note that the pair aggressively rejected the March support at the 0.382 fibonacci retracement level of the previous multi-year bull run from January 2009. This support zone has held the price above the 0.382 Zone for the past 5 years as the pair corrects. The price can continue lower to test this zone again. However, I'm not motivated by a further downside as I will explain in this idea. Price Action this year. Price gained 12.37% from the March 16th Low till July. Currently, the price is still ranging and has already rejected the 0.382 fibonacci retracement level twice. The pair has formed a higher low whenever the price tested the level pushing the pair into a pennant pattern against multi-year trendline. It's still possible for the price to reject the major trend line and create another swing downward. In the past few weeks, price has broken above a strong resistance which it's currently testing. I expect a bullish push in the medium term but the pennant holds it against a long term bullish impulse. The Oil Demand Wild Card So, why I'm I bullish on the long term? Simple, heading to 2050, many countries around the world will have achieved their net-zero emissions target. This time it's different as countries in the G20 are pushing for a green energy development as a strategy to stimulate the countries after the 2020 recessions. In addition to this, the corporate world is also looking to reduce emissions from supply chains. Support from many people around the world will push the demand for oil down. The OPEC Wildcard With falling oil demand, the OPEC members will certainly manipulate supply of the blackgold in order to stabilise prices as their economies are still highly dependent on oil. This is the only thing that might stop the CAD from weakness. My Sentiment Personally, I feel that the oil demand narrative will take hold and that the pair may exit the multi-year bear market as the CAD has a high correlation to oil prices. However the OPEC manipulation of oil supply might keep the price stabilised. Peak oil is coming sooner and green energy will be cheaper than the fossil fuel in supply chains. In the meantime, I expect price to keep ranging as demand of oil will be low with new lockdowns in Europe.
Long
by GrizzlyBearBee
BTC Logarithmic CurveTHEORY - I never understood why most students needed to learn what a Log was until I've studied a BTC chart. - A Log curve in simple term goes 0 to .99999999 - It never touches 1. It is infinite. Meaning it goes forever always getting closer to 1. - My assumption is that BTC will become stable one day. It may take many more halving's for that to happen. - With that being said, that's why BTC is an excellent investment opportunity in the year 2020. (Of course with a proper bottom entry) - Each halving comes a significant reduction of (RIO) Return On Investment. CHART - After many hours of studying this chart. I observed a pattern. BTC usually switches trends yearly on the macro level. - I base that theory on this chart. If historical evidence does in fact repeat then my theory analysis will be true. - I like to think of this chart of like playing darts w/ a blindfold on. It is a million dollar question. OPPOSING VIEW - Many say BTC is in a Wyckoff pattern. " Fill the gap" I tend to believe that Bitcoin will revolutionize the world the same way the internet has been able to. I will remain optimistic because I believe in the technology. Like & drop a comment on what you think will happen.
BNC:BLXLong
by AthenticWhale1
52