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How I see the future of BitcoinThe last days have shown Bitcoin is still in the same bear market it has been in since the all time high. Every pump in between is just a correction (see: Elliott Corrective Waves) and has nothing to do with the start of a new bull market. A new bull market will start when most people have forgotten about cryptos and want nothing to do with them. That's what a bottom is - a period in time where there is close to no interest in the given asset class (see: BTC 2015 - 2016). I see the start of the new bottom at around 2021 - the start of a new bullrun in around 2023. Many people (mostly those who are emotionally bonded to BTC or want to get rich asap) see this theory as impossible or call it the death of Bitcoin - just like the last time Bitcoin went through a bubble in 2014 and did almost a 90% retrace. To me this is a normal thing to happen in cryptos so I would not worry, quite the contrary. The faster we reach the bottom the faster it will recover. Good luck to everyone involved!
BITSTAMP:BTCUSDShort
by chrzky
9
DAX30 CFD to reach new All-Time Highs for Christmas?After last Thursday's developments in the US-Chinese trade deal, the UK's general election, and the Fed's liquidity announcement, the outlook for the DAX30 CFD is very bright as we start the trading week. The main driver for the bullish action, and the ensuing break above 13,180/200 points resulting in new yearly highs, was certainly the "deal" between the US and China where both sides are said to have agreed on a reduction on existing tariffs, and a delay in those planned to go into effect on December 15. In addition to this, there was the landslide victory of UK prime minister Johnson's Tories in the General election which made a near-term Brexit deal likely and diminished uncertainties among market participants, as well as the Fed's announcement that it will flood markets with $500 Billion in liquidity to avoid a year-end repo crisis (and will thus extend the Fed balance sheet to new record highs by mid-January). That said, we project a bullish DAX30 CFD for the yearly close, with a high likelihood of new all-time highs and thus a push to and above 13,600 points in the coming days. A short-term correction finds a potential Long trigger in the region around 13,280/300 points and a littler deeper around 13,180/200 points, with the mode staying bullish on an Hourly time-frame above 13,080/100 points. Ready to start trading the live markets? Then open a free account with Admiral Markets - 8,000+ instruments to choose from, some of the market's tightest typical spreads, and the world's #1 multi-asset trading platform. www.admiralmarkets.com Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
TVC:DEU40Long
by Admiral_Markets
How to find the right price SUPPORTS and RESISTANCESPrice breakout happens! Now what? As we all know supports and resistances are the key levels where the price stops, turns or does some floating before making the next big move. Usually, the challenge is to find the right ones where those kind of events will happen. You can see clearly from the graph that there are some key indications to take into consideration and so you can find the relevant ones: - Previous highs/lows - Fibonacci levels - Highest volumes As we all know previous resistance becomes the next support. btw: What would you say the next short term BTC support and resistance are? Follow me and click like if you would like to see more educational posts like this. You can find some of them in the links to related ideas bellow this post. I will proceed with educational material if I happen to find that it has enough interest from the crowd. Take care and hope you can make more educated guesses with the help of great technical analysis. "Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime."
KRAKEN:BTCUSDEducation
by Samoto
3