BTC - End of Year Buying OpportunityBTC may be entering the Buy Zone into the end of the year.
10WeekMA looks to intersect with price (unless we get a selloff) around Dec.31.
When price goes above moving average we should go up for weeks. Next Weekly trend is bullish on Filter Dots.
Anything around $7K I would be buying for long term holding.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
GBTC
BTC - Still in Buy ZoneAll daily trends are holding - showing RSI trend is bullish and next overall trend will be bullish.
Capitulation dots confirming we are bottoming into the point of the descending wedge.
Buy Signal is showing on Daily candle.
We may get a Daily sell signal in a few days as we get another dip down into the tip.
In the next 3-5 weeks I think will be the last turning point before we move higher into halving.
This is an excellent 6 month - 2 year buying range (2X to 10X+ possible).
Anything under $7K I would be a buyer of with both hands.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL, ROKU.
BTC - Buy Zone Getting Smaller - Get It While You CanBTC showing several bullish signals going into the turn - up into halving.
Cross of 10WeekMA will confirm bullish trend upwards to retest previous highs $11K+.
Buy zone is getting smaller which is a good sign.
Bullish RSI Divergence and next trend showing bullish confirm we are in a turn.
Capitulation dots show we are towards the end of the downtrend - almost at bottom.
I think based on the pattern, previous repetitive chart history, halving, and stock to flow - WE GO UP.
PlanB - 12/3/2019
"Getting some questions about why in previous halvings (November 2012 and July 2016) it took well over a year for the market to start surging..
Well, it didn't .. look for yourself: in the chart the halving is when blue turns to red: the market immediately rises after a halving"
See chart in link
twitter.com
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY , AAPL, ROKU
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BTC - 4Hr View - Cup & Handle PossibleThe 4Hr bullish support line (green diagonal line) is holding.
Cup and Handle neckline is is around same price of 4Hr trendline, meaning possible pattern completion is possible.
Red stair step line is 10WeekMA (or 50Day same thing). Price above red zigzag line will continue bullish trend significantly.
Filter dots show next trend on 4HR is bullish.
Next EMA Cross is bullish.
If we break green trendline, Cup and Handle is out of play.
Dec. 3 - Green line support trendline meets Cup & Handle and completes, or fails.
I am not sure if all these bullish signs on the 4HR view are enough to begin the trend upward into halving on the Daily.
I do think we should be close to retesting 2017 ATH's around the halving in May 2020.
PlanB agrees that we should begin our uptrend soon. He sees it more than possible BTC going to $10K by year end 2019.
2017 highs were above the stock to flow prediction band on the chart (better than expected rally).
We are within the bands now, just like $100k future price is within the bands during the anticipated peak coming up. :)
twitter.com
BTC investors expecting to hold for anything around 2 years from today, in my opinion, should NOT worry about any 20-50% correction at this price.
Any 50% correction on the journey to a 20X return (2000% gain) is totally irrelevant.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.