Halving2020
Bitcoin Cash Halving - 8aprWhat is the Bitcoin Cash Halving?
Bitcoin Cash Halving is the event where the number of generated Bitcoin Cash rewards per block will be halved (divided by 2).
The total number of Bitcoin Cash mined by miners per block will reduce from 12.5 to 6.25 BTC in the next bitcoin halving.
The number of Bitcoin Cash found per block will become more scarce and this halving reward ensures that Bitcoin Cash total supply will reach 21 million.
When is the next Bitcoin Cash Halving?
Block #630,000
What is the significance of the Bitcoin Cash Halving?
- If you are a trader, expect volatility during this period.
- If you are a miner, expect to earn lower mining rewards.
Is this the same as the Bitcoin Halving?
o, Bitcoin and Bitcoin Cash are two separate cryptocurrencies with different blockchain network. We have a countdown timer as well for Bitcoin halving.
I'm sure I won't be lounging it, except for halving.
Friends, thanks for your likes and comments!
Good luck with trading!
My Current Long-Term Prediction (Revised due to Retardation)1A, 1B - Top confirmed with 2 candles (Monthly)
2A, 2B - Bottom confirmd with 2 candles (Monthly)
3A, 3B - Bottom confirmed with 2 candles (Monthly)
4A, 4B(?) -Bottom confirmed with 1 candle, 2nd candle should confirm as well (Monthly).
Many notes are scattered throughout. Not financial advice.
BSV halving 2020. What next?BSV halving suppose to happen on April 10th at 3-4am. Expect some volatility. The price of BSV will go up just be careful and manage your money properly.
Future of bitcoin?Hard to judge where anything will go given current circumstances. That being said, the safest bet would be look at past trends and extrapolate. This is not trading advice this is really just a single scenario that I could certainly see playing out. Halving is labeled with a vertical line.
What will the chart look like next week?I looking at things up close enough I can see whats going on on a day to day basis with most things.
Here I have to wonder will Bitcoin head higher or will it head higher.
As always I like to keep my mind open for the possibility of any outcomes. We can only do that with the data in hand and not our feelings or our girlfriends advice unless she's a unicorn and they just don't exist.
to be filled... 11k cme gap?
After analyzing some weekly price action i notice this recent drop in price action pinged Bitcoins rsi so an historic level on the weekly. Last time this happened was also 50 or so days prior to a halving like we are approaching and it concluded in a rally of 120%. with the only valid trend in the market being a falling wedge its my assumption we'll break out of current rising channel the rising wedge we're currently in to realize new highs by the end of April. Potential price action lower towards 5800 would still be valid in rising wedge respecting the goose neck pattern seen above. The head and shoulder is invalid formation especially on these time frames and inpending death cross just gives whales even more reason to liquidate everyone. Expecting move to happen to night after tradional markets actually crash oout of falling wedge . Glhf
BTC update: Weekly close is crucial!BTC has dropped below a very strong support zone. In the past, it has wicked below but always closed above this zone. The last time it didn't, is when price fell to the sub 4k territory. The weekly closes at 5pm PST, roughly 3 1/2 hours from now. Having two long rejection wicks on the weekly, as well as closing below support, will likely send price further downward. If this is the case, I am still overall bullish as we approach the trending pattern lines as well. We may see an opportunity soon to pick up more BTC in the mid to low $4k range. KEEP IN MIND: The black vertical line is the estimated date of the 2020 BTC halving. I'm sticking with the classic method: Buy the hype, sell the news! I have a gut feeling that the halving will be uneventful and people will sell off on or right after the halving. My ultimate goal is to pick up a health amount of BTC in the sub 5k range and sell it just before 10k. We'll see!
BTC HALVING MODE UPDATE - A LOOK TO BTC DOMINANCE - ROAD TO 50KHello everyone.
Today's view is obtained by reversing usual apprach of looking at the price and only then search for confirmation in other indicators as the dominance. Since it seems the sentiment is confused by the current btc price behaviour, le's reverse engineering the reasoning.
Dominance is decreasing since March 2019, got rejeceted many by the upward dynamic resistance, and is currently within a descending triangle, with the Halving in sight. I expect that, after a physiological rest, triangle will be broken and dominance will het to the 54-57% area where it stayed a lot in the past year. What does this mean? We all know that dominance diminuishes only and ONLY when a bull market begins and is in place and increases when everything turns red. Dominance analysis confirms my previous idea (BTC to 50k). Many are obsessed with volumes. I rarely experience the start of a bull market by witnessing high volumes honestly.
This, considering that btc is exatcly within the fibonacci retracement level after the beautiful run from 6,500 usd to 10,400 usd, adds fuel to the theory that bulls are just taking a rest, some of them sold to lock in a nice profit. It is now time for a new jump.
Human mind is easily tricked by the very last movement and tends to forget the big picture or what happened before.Wipe out the noise and look at the big picture!
Is Bitcoin trading in a Ascedning Triangle?With unlimited QE introduced by the FED, isn't this the exact reason why BTC was created? Bitcoin is supposed to represent order in chaos, and with the entire world being chaotic due to COVID-19, this would be the perfect storm for BTC to perform, no?
The Bitcoin Halving is 49 days away, only time will tell how Bitcoin as a financial experiment will play out.
The RSI on a 5 year chart is around 33, and last time BTC traded in that area on a 5 year chart was in late Nov / Dec 2019, which is the RSI level BTC stuck in a Macro bottom & went into another bull market.
BTC FUTURE (HALVING PRICE AND AFTER)After a sharp fall in bitcoin prices in one day we saw the excitement in the market soar and now we are reducing that excitement with shorts fluctuating, bitcoin has been in the bearish channel for more than 2 years and 2020 the year with halving news There are high hopes for a price rise above $20K but I think this is not going to happen this year, to reach such numbers first the price floor needs to be determined and this will happen this year, I think the price is between $5K and $7K It will fluctuate near halving and after a downtrend to $4K in the 2 weeks before halving, its bullish trend will try break 7K, the highest possible number that could achieve for this year may be 8100, but the floor price is how much? My calculations show that this year will reach Bitcoin to 2370 and it's lowest price in the next 10 years.
farsi:
bad az rizesh shadid bitcoin tavagho darim ke pas az modati navasan mabein 5k ta 7k dar 2 hafte mande be having yek rizesh be kanal 4k dashte bashim va az onja modati ravand soudi baraye shekaste kanal 7k dashte bashim, balatarin gheymat emsal mitavanad mahdodeh 8100 bashad ke an ham baeed be nazar miresad ama emsal hatman kaf gheymat 10 sal ayandeh dar kanal 2k etefagh khahad oftad va man fekr mikonam paien tarin add emsal 2370$ bashad.
BTC/USD 2W (Bitstamp) Strong support areas to keep an eye onAs you probably already know, Bitcoin is Halving in 2 months (Estimated Time of Arrival= 11 May 2020 13:55:03).
BTC block mining reward halves every 210'000 blocks, the coin reward will decrease from 12.5 to 6.25 coins.
This will reduce inflation rate per annum from 3.66% to 1.80% and will have massive effect on Supply and Demand .
I am buying for long term in that green zone at 7.3-8.2K, could also be good for Longing with low leverage (3x-5x).
Moving Average is looking good as long as MA50 is holding Price Action, plus Relative Strength Index has support on RSI45.
But keep in mine that if the first support zone is broken we would probably visit the lower one near 5-5.55K so better use proper Stop Loss!
I drew some old Trend Lines here :
- from 2.22 USD on 10 Oct 2011
- from 198.12 USD on 17 Aug 2015
- from 751.34 USD on 02 Jan 2017
- from 1830.00 USD on 03 Jul 2017
ETHUSD & BTCUSD In Long-term Bullish Symmetrical Bullish PatternThis symmetrical triangle pattern started at the point where the first resistance was form at the peak of around 20K BTCUSD price. That is the left-most top of the symmetrical triangle we are in. This would explain many things especially the confusion about whether we back in bull trend or still in bear trend and if this is only a correction. Price movements all this time have only been ranging in this symmetrical triangle and its been the same with ETHUSD. The lines match perfectly to form these triangles for both ethusd and btcusd and have kept shape for more than 3 years now! It is definitely a chart pattern that has a big role to play and could have been consolidating for a long period of time for the massive bull run that is expected after halving. The charts are on weekly timeframe.
If this is proven to be correct from future price actions , then be ready for an epic bull run starting around late this year or early next year.
Survive the shake-outs and reap the rewards. Only trade wh at you can afford to lose. Nothing is 100% in life.
This would then explain alot of thigs, like why its been so difficult to call it a bull or bear phase unlike before. We have been consolidating inside a bullish continuation pattern for more than 3 years now. Furthermore if you look at the chart and the timelines, it would make alot of sense. For example the expected breakout this symmetrical triangle will be close to the halving period, a gew months after it.
BTC... the dump continuesBTC has not yet reached any serious support. It looks like it should drop to the 3000 level, before the halving.
It will then be pumped up to 8,000 + after the halving, before dropping sharply as miners dump to recover from their mining losses.
This situation is major because once miner profitability drops sharply, rational actors will leave for a more profitable chain.
This will cause the theoretic chain death spiral, which is a vicious cycle where a chain dies.
I expect BTC to drop to $3,000, when this happens BitCoin SV will likely drop over 60% in value as it dumps harder than everything else.
This move could present buying targets between 20-50$ prices. Major fire sale. Get in on the real Bitcoin, as Satoshi envisioned.
TIP ;) :
Craig really is Satoshi, he will be dumping masses of BTC this year. Only one chain will survive the storm.
Bitcoin - Regularity? Global props before growth Similar props on Bitcoin were in October 2012, October 2013, January 2015, April 2016, August 2016.
They were usually followed by flutter and growth.
Halvingi is marked by a yellow vertical line,
blue marked the beginning of bitcoin growth.
The first halving was on November 28, 2012.
Second halving 9 July 2016
The Third Halving 18-20 May 2020
With the purple blocks, he noted where the props were located
Friends, thanks for your likes and comments!
Good luck with trading!
BTC Analysis For 2020|Halvinghello Friends here I leave you my PMS prespective
for the whole year 2020
hopefully us for purchases from 3.4k lower prices to $1,900
they're really areas of liquidity
If you break these BTC RIP Zones
well everything is explained in YT
look at my 2018 test when Bitcoin was in full swing
Greetings to everyone to COLLECT more Satochis
Bitcoin Wedge Update, Chainlnk, Ethereum, TezosIn this update I discuss the recent price change on the bitcoin chart, so far confirming the action being contained in the wedge which points toward the date of the bitcoin block reward halving.
I go over the previous 2016 halving and the price jump in the weeks prior, and try to use it as a lense to help understand what may happen in the coming months.
Additionally, I go over my personal alt-coin long positions, their to-date gains since I entered the market, and what may come of the price action soon.
Please feel free to give me your opinions, as they are always welcome. Happy trading, happy hodling.
PS: This is not financial advice, these are my opinions and mine alone. Good traders always set stop losses, and never risk more than they can afford to lose.
-Trey
#Bitcoin - #BTC another IH&S - PS.Don't hate me Just sharing what I see on the charts, interestingly it lines up close with our #bearish #BAT idea
I personally missed out on short, I did short form 10290 but took profit at around 87xx then we longed from 8460 & closed at around 9000, Opened a Short trade for auto traders around 91xx but personally didn't, Good thing is I trade on FTX so my collateral is sitting in USD & not BTC, unlike Bitmex.
won't advise to open up a super big position as this idea is based on weekly but who am I to say anyways - just a guy from internet as always you can also use Leverage on FTX, bybit or Bitmex to multiply your profits but remember Leverage Trading is HIGH RISK So is Crypto trading & that's why I am legally obliged to say
#DYOR
remember I am not a financial advisor & this are all just my thoughts :)
make sure to leave a comment & if you agree then hit that thumbs up, Don't forget to check out the telegram channel for timely signals & Autotrade my ideas (i talk more there then here 😜😜
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