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Halving2020

Where does the Bitcoin downtrend continue to?Hello dear friends, I hope you're doing well. Before delving into Solana and Bitcoin analysis, let me reiterate two important points for newcomers and myself: 1. If you haven't profited from market dips or experienced severe liquidation, take a few days off from the market. 2. Avoid entering the market for revenge, as emotional decisions could lead to further losses. As you can see, Bitcoin experienced an 18% drop from the $73,600 ceiling and reached a support level of $60,000. The question arises: Is the $60,000 range an attractive zone for market makers or major players? My answer is a resounding no, for several reasons. As I've mentioned before, the $60,000 range serves more as a psychological barrier than a significant support level. Market makers reinforce this range so you can comfortably take long positions at $20k, $40k, or $80k without worry, or even go full margin long. In my opinion, the $60,000 range is the biggest bull trap that market makers have set for us. Within less than a week before the halving, the $60,000 range has been strongly supported, but 8 to 10 days later, CZ's criminal sentencing area awaits us. Considering the current dominance of Tether and the breakdown of the rising wedge bearish pattern, we could look to open short positions in the $64,500 to 68,000$ range. The likelihood of this scenario playing out is very high. ------------- Here are the potential scenarios for Tether's dominance: 1. A move of 4.7%, breaking the resistance at 5% and reaching the 5.85 range, which is the channel's midpoint. 2. A correction to the 4.5 to 4.36% range to complete the upward pullback, followed by a move towards the 5.85 range, which is the channel's midpoint. Therefore, we conclude that Tether's dominance is very bullish. It's likely that the $60,000 support range will be broken, and the price will drop to $45,000 (the 5.85 USDT.D range). ------------- The Elliott Wave count I conducted in the previous analysis on the RSI indicator is nearing completion. Wave A has been completed. ------------- I'd be happy to share your opinion with me. Your likes, follows, and comments give me energy.
by Sadegh_Sh
10
A Brief History of the Bitcoin Halving Here. Hello, welcome to this BTC HALVING update. Bitcoin (BTC) halving is an event that occurs approximately every four years in the Bitcoin network. During a halving event, the reward that miners receive for validating and adding new blocks to the blockchain is reduced by half. This event is programmed into the Bitcoin protocol and serves several purposes: Supply Control: Bitcoin halving is a mechanism to control the inflation of the cryptocurrency. By reducing the reward that miners receive, the rate at which new bitcoins are created slows down. This scarcity can potentially drive up the price of Bitcoin if demand remains or increases. Scheduled Issuance: It ensures a predictable issuance schedule for Bitcoin. Every 210,000 blocks, or roughly every four years, the reward for mining new blocks is halved. This predictable schedule helps users and investors plan for the future supply of Bitcoin. Security: The halving also plays a role in the security of the Bitcoin network. As the block reward decreases, miners are incentivized to continue securing the network through transaction validation and block creation by transaction fees. This transition from block rewards to transaction fees is expected to be a key driver of miner incentives as Bitcoin's supply approaches its maximum limit of 21 million coins. Here's a brief history of Bitcoin halvings: First Halving: November 28, 2012 - The block reward was reduced from 50 BTC to 25 BTC. Second Halving: July 9, 2016 - The block reward was reduced from 25 BTC to 12.5 BTC. Third Halving: May 11, 2020 - The block reward was reduced from 12.5 BTC to 6.25 BTC. The next halving is expected to occur approximately every four years, reducing the block reward by half each time until the maximum supply of 21 million bitcoins is reached, which is estimated to happen in the year 2140. These halving events are closely watched by the cryptocurrency community and can have an impact on Bitcoin's price and overall ecosystem. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you.
BITSTAMP:BTCUSDEducation
by CryptoSanders9563
2
DID YOU INVEST IN XRP?If your answer is "Yes". Congrats to you, by next uptrending between Altcoins vs Bitcoin, your money will be doubled. HOW?! In short. Let's say, you bought $1k of XRP at 30 cents ( 1000 / 0.3 = 3333.33 XRP ). After next halving of Bitcoin on May 2020, Bitcoin will reach $15k at least and the reward of miners will be decreased to 6.25 Bitcoins. This will reverse the game from the downtrend of Altcoins vs Bitcoin to the uptrend of Altcoins vs Bitcoin with double increase in value of USD. I'm not saying "Hype" but every Altcoin will try to be survived after the halving of Bitcoin and that's normal to keep the main investors in safe side. So, if you does sell your XRP / BTC or / USD at that time, you will get double profit $2k or 6666.66 XRP. If your answer is "No". You can set buy orders like what I did in GOOD TIME TO BUY BITCOIN! NEXT UPTREND WILL BE 60 CENTS FOR XRP. DECIDE AND TRY TO MANAGE YOUR WALLET WITHOUT LOSING. HAPPY TRADING ;)
POLONIEX:XRPUSDLong
by b4sk
GOOD TIME TO BUY BITCOIN!It's always a good time to buy bitcoin, if you're really a long-term investor. Bitcoin is a first generation of blockchain technology and the godfather of crypto market. You shouldn't be worry, if you bought some of bitcoin above $9k, because you have two scenarios for getting a good profit. First scenario is next halving will happen on May 2020, so you might see some action in price above $15k at least. Second scenario don't sell bitcoin after halving directly, buy some of trusted altcoins which will be in downtrend vs bitcoin at that time. If you didn't buy above $9k and waiting to buy in cheap prices, I recommend to set buy orders one by one to $3.5k. Let's say, you have $5k. You can set buy orders ( $500 at $8,401 ), ( $500 at $7,899 ), ( $500 at $7,301 ), ( $500 at $6,799 ), ( $500 at $6,201 ), ( $500 at $5,699 ), ( $500 at $5,101 ), ( $500 at $4,599 ), ( $500 at $4,001 ) and ( $500 at $3,499 ). ACCORDING TO DAILY TREND, WE SHOULD CROSS UP $10,500 TO SEE $12K & $15K LEVELS. IF WE DOES BREAK DOWN $7,350 LEVEL, WE WILL SEE $6K & $4K LEVELS AGAIN. PICK UP YOUR SCENARIO AND TRY TO MANAGE YOUR WALLET WITHOUT LOSING. HAPPY TRADING ;)
BITFINEX:BTCUSDLong
by b4sk
TA 2022-08-06: BTC Halving Analysis A. What is the Bitcoin halving? 1. The Bitcoin halving is an event where mining rewards are cut in half. 2. The event takes place every four years, according to pre-set rules in Bitcoin's code. B. A brief history 1. 2009 – Bitcoin mining rewards start at 50 BTC per block. 2. 2012 – The first Bitcoin halving reduces mining rewards to 25 BTC. 3. 2016 – In the second halving, mining rewards go down to 12.5 BTC. 4. 2020 – In the third halving, mining rewards drop to 6.25 BTC. 5. 2140 – The 64th and last halving occurs and no new Bitcoin are created.
BITSTAMP:BTCUSD
by yaser_rahmati
3
LTC Gearing for Potential Move to $54 by End of April Looking at LTC heading into the upcoming week of April 20th - price currently at $42.50. Consolidation down at any point needs to stay above $37. If that breaks, we're looking at a massive dump to sub $35 Bull continuation looks probable, and $45 would be the only threat before we potentially climb as high as $48 by the beginning of May. this could likely only occur if BTC reclaimed $8k, unless LTCBTC shows massive returns, independent of BTC movement, which is a rare occurrence. If bulls can climb their way to $48 in the next week or two, look for $45 to become the new consolidation level, and a leap to $54 sometime in May, likely prior to BTC halving, if it surges prior, with consolidation down after. See my expectations for the BTC Halving Below, as the expected result for alts would be to mirror the king in their USD pairs, while losing in their BTC pairs. The good news regardless of the result is that BTC volatility often provides insights to the health of the alt market. When alts show resilience to BTC price action, its incredibly bullish for the alt pair, presenting the opportunity for yielding higher BTC returns.
COINBASE:LTCUSD
by kingthies
1
BTC Death Cross... IS THIS THE END!?Personally speaking, I'm not panicking about the imminent death cross for BTC. Every time I look at the current price action for BTC, I immediately see the same top that was put in, in 2019. The RSI as well as the bar patterns seem almost identical. Volume has followed a very similar path as well. With that being said, BTC seemed to be recovering in early 2020 before the epic market crash seen around the world. Also, up to this point BTC has been very repetitive as far as its halvings compared to its peaks. We have had 2 halvings followed by 2 market cycle peaks in the following December. There's not enough evidence in the charts in my opinion to say that anything different will happen, until it happens. As I've shown in my chart, I believe we could have consolidation until September, and then 1 more parabolic move to end the year. - CA$HLESS
BITFINEX:BTCUSD
by CASHLESSSOCYS
3
Bitcoin Market Cycle Forecast for the Next Two Halving EventsThis is what I foresee in BTC/USD in terms of long-term market cycle trends between now, the next halving (currently projected to be on May 27, 2020), and the halving after that (currently projected to be between March 2024 and June 2024). The dotted lines mark past halving dates as well as the projected 2020 and 2024 halving dates. Bitcoin market cycles have corresponded to each halving. Since the advent of Bitcoin , all Bitcoin halving dates have been followed by bull markets, which are then followed by a bear market and accumulation periods. Given the current long-term trend of Bitcoin's lifetime market patterns, each bull market should be less extensive than the previous bull market. That being said, patterns can always be broken, and this cycle is no exception, regardless of its longevity. I do not hold any Bitcoin at the time of writing (June 5th, 2019). Do your own research.
BNC:BLXLong
by erict99
2
BTC/USD - Further 24% upward movement might be upcoming Hello, Traders! Buyers continue local ascending movement from 29150$ All sales were bought out in a range of 37650-39775 $ after which the price moved in a new trading range of 44200-47200 $ In order to ensure the demand for the asset during the week additional 4 Billion USDT(Tether) was issued. We can expect that the buyers will want to sell their purchases accumulated 37650-39775$ at a higher price, with the upside movement culminating near the $56000 Entry in the deal can be considered in the range of $44600-$45100 The Stop Loss can be placed at $42500 (this is the level of the strong buyer according to the cluster analysis) Targets would be Fibonacci levels at $51 000 $54 200 $56 300 Good luck and watch out for the market! P.S. This is not a piece of financial advice, but only a trade I am following myself
BITSTAMP:BTCUSDLong
by UnknownUnicorn10064030
The one thing we know from history is that it repeats itselfSure, these times are different; although I like (these times) Like every other time I see something I like ;) More institutional investors invested in crypto; A crypto got attacked by a regulator with disastrous effects; Fiat money is printed like never before; The world seems to be in chaos; (What seems to be, is, to those to whom it seems to be. Said W. Blake) The rising of and the declining of a superpower; (As it does every now end then) Last time could have left a emotional impact for the buyer who bought a top and sold with loss; This buyer will probarly experience FOMO again ;) which we like, especially now ;) No financial advice; just stuff for thinking if you like What else .. Leave a comment if you like
COINBASE:BTCUSD
by Aroundthesun
4
Bitcoin Year over YearLooking at the previous four year cycles we can spot a pattern that shows the price shooting up the year after a halving. 2013 - 5,428.70% 2017 - 1,336.41% (1/4 of the previous post-halving rise) Assuming a similar progression, we would see: 2021 - 329.16% (1/4 of the previous post-halving rise) The assumed pattern, shown on the chart, tells us that there is a good chance we'll see prices in the areas of $86,000 and $28,000. I doesn't have to happen, but if it does, seeing price movements in that order wouldn't be a big surprise. For the past 10 years, year-over-year, BITSTAMP:BTCUSD has seen a median price increase of 109.18% If you can believe that we could see another four years of 2x growth, that would put the price around $383,000
BITSTAMP:BTCUSD
by yalla-yalla-habibi
1
BTC correction scenario can possibly repeat the May patternHello, Traders! Let's talk about Bitcoin. The asset is moving between two zones: $17600-18245 Buyers Interest Zone $18800-19420 Sellers Interest Zone In case if the scenario, which was used by market-makers in May will repeat, the price can test the level of 18800$ collecting stops of buyers and those, willing to short. After that, we might see the annual renewal high above $19860. At the moment the sentiment in the market is divided into two groups: Expecting correction to $12000-15000; Expecting the price to lift off to the moon hitting $21,000-24,000. As a regular rule, the price goes against the expectations of the crowd, so a sideways movement inside the buyers' and sellers' interest zones is possible. Bitcoin's flat movement will give way to a liquidity movement to altcoins. Watch out for the market and leave your feedback below!
by UnknownUnicorn10064030
1
Bitcoin - entered an extremely dangerous zone!Hello, Traders! After long attempts to pass the resistance level of 18800 $ Bitcoin went into a correction to the support levels. As we can see, the trend's acceleration ceased as a result of breaking the trendline growth from 15800 $, the price fell under the MA100 by 1-hour timeframe and formed a downward trend on the indicator RSI. Now we can distinguish several zones of buyer's interest, each of which corresponds to the correctional Fibonacci levels : 17930 - 18245 $ (0,236) 17365 - 17600 $ (0,382) 16200 - 16475 $ (0,618) 15560 - 15800 $ (0,786) We can observe the traded zone in the area between $17600-16475, consequently, if the next buy liquidity buffer between $177365-17600 does not stop the sellers then Bitcoin may be in a dangerous situation and will continue correction to $16475. Trade with extreme caution and don't forget the risk-management! Please leave your feedback on my setup in the comments below
Short
by UnknownUnicorn10064030
3
BTC/USD upcoming correction waveHello, Traders! The monthly candle for BTC/USDT closed with the victory of bulls just like in July earlier this year. It is safe to say that Bitcoin entered and continues to move in the bull trend. I would like to bring to your attention three ranges of consolidation in the current year which resulted in gains: 1) 6600-7450 $ in March-April ; 2) 8910-9900 $ May-July ; 3) 9900-10900 $ September-October. A distinctive feature of the current market cycle is that the price in all three cases returned to the trend of February 2019. A correction follows buyers gaining strength and the price moves further up the trend. It should also be noted that in all three cases, after leaving the consolidation range, the price has been corrected by 18-19% from the peak values. Traditionally, correction takes place in November for the cryptocurrency market. Even in 2017, during a bullish rally, the price was corrected by 30% before continuing growth. Tomorrow, the presidential election will be happening in the U.S. This event is famous for its high volatility in financial markets. The global markets have started to adjust and traders prefer to avoid risk, thus closing their long positions. During the last two weeks of October 2020, Bitcoin was the exception and looked stronger than others. It should also be taken into account that during the uptrend of 2020, the price often either has a correction near the MA100 moving average on the daily timeframe or crosses it. (it is marked with a black curve on the chart). On this basis, you can expect the BTC correction this month to the values of $11300-12000, depending on the zone of interest of buyers. Such a stop is necessary for the growth to continue and be reliable. It will also give a chance to start a small alto season. Watch out for the market and good luck!
BITSTAMP:BTCUSDShort
by UnknownUnicorn10064030
2
Comparing the BTC Halving Event in 2020 to its 2016 PredecessorSummary Initial 6 months after each event, the % gained over length of time is eerily similar. There appear to be different structures of uptrend after each the 2016 and 2020 halving events, but the percentages and over the length of time are noticeably similar in their result. As it stands, it's agreeable the numbers are at least similar. BUT, If Bitcoin can touch $16k by October 31, it will be nearly EXACT to the 2016-2017 bull breakout and ensuing bull run thereafter. Should that happen, look for a pullback similar to 2020s halving even level of the $10k-$12k range, which is in alignment of what we saw in 2016 before continuation to ATH.
BITSTAMP:BTCUSDLong
by kingthies
4