Something Interesting with Bitcoin Halvings (Future Prediction)Hey all,
Thought we'd share with you our predictions for the price of Bitcoin over the next year or 3.. :)
We've loaded a logarithmic chart up with over a decade of BTCUSD data, plotted some lines and drawn some rather interesting conclusions. As you can see the price fits into an ever-decelerating *almost* parallel curved trend channel, that leads us a potential first conclusion -
Will the price of Bitcoin hit it's absolute top at some time in 2025 at around the $130,000 mark?
I know, the trend lines aren't exactly perfect, and the price fitting isn't spot-on either, but it sure is an interesting concept, and, if so, would the price thereafter start to actually decline with a downward curved channel, and how far, for how long? Many questions! What do you think?
But that's not what I came to tell you about today - I've gone ahead and plotted the dates of the last few Bitcoin halving events, and the upcoming date of the next halving in April 2024. BTC has been hitting new All-Time-Highs around a year or two after the previous halving, followed by an extended period of consolidation until the next halving, when the price has, historically, taken off "to the moon" once again.
This is not necessarily news to anyone, it's common knowledge if you've been in the crypto arena for a short while. But here's where things could be considered interesting -
The All Time High price of Bitcoin has historically dropped around 50% by the next halving
Looking at the current chart of BTCUSD you can see that it's pretty clear we've hit that ATH during this 4-year cycle already, it does look a little different in that it double-topped this time around, and hasn't behaved like that before, but markets do interesting and unpredictable things all the time, right!?
Given what we've discussed already and assuming that history does indeed repeat itself, it seems pretty safe to suggest that Bitcoin will indeed drop further from where it's currently sat, it has to tickle that lower trend line before it can move on up in price toward the next halving event.
It looks like BTC could touch $12,000 before the ascent to $36,000 by April 2024
Yep, I said it. Another 25% wiped off the price of BTC before it starts to rise again. This is obviously speculation, but speculation based on repetitive historical data nonetheless! Like I said previously, the trend lines aren't perfect, and the price fit isn't perfect either, in early 2019 the price dropped somewhat but did not touch that lower trend line, and it may well be the case again this time around.
But one thing seems pretty clear, the price of Bitcoin has already hit it's ATH during this 4-year cycle, and even if it can go above the predicted halving price of $36,000 before April 2024, it probably won't be by much, and it will return to this price by April 2024 to greet it's halving at a price of half it's most recent ATH.
After that, to the moon? Well, almost certainly upward given history, almost certainly above $100,000 too - it might take a year to reach these prices after the 4th halving. But just how much further can the price of BTC really go?
Let us know what you think below
Futuresbtc
My Guide To Shorting Bitcoin.I am sharing my first idea and am very curious about the community's opinion and reaction. I am planning to short two possible 1-hour resistance levels. A downward ladder is created, as visualised by the red dots on the chart. My plan is to short the resistance level and create a new ladder point in this trend. I am choosing this point instead of a higher level, which is also a possibility, because this short will protect the leg created on the daily time frame. Which level I choose is yet to be determined. This depends on the risk I am willing and able to take. During my technical analysis, I only make use of horizontal-levels and trends. I never use any indicators. I work with tight stop-losses and high leverage so this trade is meant for scalping.
Let me know what you think. I'm open for feedback and discussion. If something is unclear or you want to know more about my way of thinking, don't hesitate to send me a message.
Greetings,
BoerClaus.
BINANCE:BTCUSDTPERP
Short BTC at Daily 100MAAs long as BTC is below 200 Daily moving average it in bearish market and retracement to important moving averages like 100 Daily Moving Averages can be used to as opportunity to take good risk reward short trades.
Bullish outlook for BTC 2 day chartUpdated 2DAY chart for BTC/USD
Bitcoin looks like its ready to move up and find TP3 in the 2nd quadrant of this cycle.
watch for the high to come in between may 11th and june 5th at that time i would expect the market to have a pullback before continuing to the top of the channel.
If BTC can breech the top of the ascending channel I expect to see it go parabolic to ATH's
future TP dates to keep an eye on
20 Apr 22 L
11 May 22 H
24 May 22 L
5 Jun 22 H
24 Jun 22 L
These are the forcasted dates for future TP's found by using one of WD GANN's methods of predicting future highs and lows of the market
Take care and happy trading guys
Huge surge coming soon for DOT 🚀As promised in the group chat the DOT analysis is here.
I believe that we are bottoming out here in Polkadot, it's just boring price action. Trading between $38 and $41, we are just about finishing this correction on Polkadot.
$38 area is being such a strong support, that I won't expect DOT to break this support. Due to the high volatility, we can see DOT price leaving some wicks around $36 making some fakeouts.
But overall, DOT is looking super super bullish right now. This is potentially a trade of 40%+ in a less than a month, coming back to the ATH, pretty safe.
Don't overleverage yourself and trade safely guys.
Is history going to repeat? BTC/USDTHi all,
Bitcoin shows me a pattern that looks suspiciously like the pre-announcement of the dip in May. I don't like to predict the market myself, so I'm definitely not going long or short based on this information. However, these are indicators for me to be alert.
What corresponds to May?
1 and 2 have already been implemented.
Possible scenario 1
It may be that price drops even further. if that happens, then I shift the Fibonacci with it. If not then the 0.61 - .81 zone is interesting for me to keep an eye on. This zone corresponds to the decrease earlier in November. This is also an area where manipulation can arise for long contracts. Only when this happens I will look at an opportunity to go short. Price action on lower timeframes is important here
Possible scenario 2
Scenario 1 is currently predicting the market. As I mentioned, I do not enter into trades based on this current data. We need a lot more data to explain future rises or falls. Another scenario is that we see a temporary consolidation and then rise further in the longer-term trend.
What is your view on bitcoin?
6M Futures to 490K EOY6M Futures to 490K EOY based on Fibonacci.
Currently in channel shown in orange from halving. FOMO to hit Q4 this year. It's gonna get wild.
Spot asks at 360K-410K.
BTC short on the pullback to 20KBTCUSDT has had an amazing run so far!.
But we had a long period of consolidation, which we had before the breakout.
Now it seems we need to pull back to give some rest to the buyers and consolidate on this new range (24K to 19K) for a while, before the next leg up.
I think 20K and upper 19K are going to be a great area of support for this, they are so far the area with the greatest volume on the way down and they are also sitting on the Fib Retracement of 0.236 and the 50 EMA .
I'm opening a small short on this, to try to catch some of that move.
Waiting for reversal. Daily supply demand analysis. hi this is my daily supply and demand analysis.
I'll now move on to planning my trade(s) for the week. Once I'm done analyzing the weekly and daily charts.
I'm mostly bearish since the insane levels of bearish divergence (purple line on chart) I keep observing on those but Monday tends to be extreme and I never short on Tuesday.
Gap Filling Below ? BTC/USD #cmegap #bitcoin $BTC #cryptoWe see here Bitcoin is sitting at a level where it must soon make a decision. Up or down ? But remember we have a CME Gap below us near
9670 . It is thought these usually fill sooner rather than later before a continuation upwards - and I expect a continuation upwards maybe by Halloween . I will link my 2 ideas previous on this subject below . So I believe we will see a slight breakdown in the next few days probably to 96xx level where that red Bullseye is on my chart above , though it can always spike a bit lower . I'm still bullish for upside after that . But we may gap fill first to 96xx .