XLM 15 MINUTE CHART - 5:10AM 11/28/2020This is the 15 minute chart,
as a HODL'r, (or someone who plans on holding the coin long term) I see this as a POTENTIALLY large return on investment.
IF the coin drops further in price,, I would recommend that you scoop as much as you can.
I do not believe that this coin will stay this price this long.
Look to see substantial growth in the next couple of months.
---- But as always, I am not a financial advisor ----
((( --- I am very BULLISH on cryptocurrency in the long run --- )))
Keep Calm, and HODL on,
Godspeed.
Hodler
Nov12 - Bitcoin (Daily) - Testing 15-16k, Further Up =Retest ATHExpecting BTC to retest the ATH (or make a new ATH) by Q12021...
Check below for my Sept post on potential upside above $20,000.
Are you in? ;)
Follow me on other social media platforms for faster market updates, profit screenshots & etc. :)
$110,000-150,000 by end of 2022 - Long term logarithmic viewBitcoin has recovered faster than I had guessed in the beginning of 2019, I made a post predicting $200-450k by 2023 back then.
My hunch is now $110,000 - 150,000 by end of 2022, a sooner peak also implies a lower ATH price in the upcoming speculative bubble.
Judging from the vicinity of 20 week moving average now, a full recovery to $20,000 should happen by late 2021, followed by an explosive bubble again.
The angles of past speculative bubbles have been decreasing 11 degrees each time, so I assume the next one to be about 44 degrees.
Draw that triangle from 20k at late 2021, then extend the line to where it meets the top red curve connecting the past three peaks gives us about $130,000 per bitcoin by Q3 2022. (and 500k by 2028, and 1.5m by mid 2030s, but this is far too difficult to predict and too distant to matter)
Don't sell and HODL, and store your btc properly in a hardware wallet. Exiting time ahead.
BITCOIN CLOCK IS TICKINGPure technical analysis are saying just one thing: Bitcoin ready to explode.
Countertrendline broken and retested with multiple wicks and a new trendline is formed. Two Fibonacci retracements confirmations and moving averages crossed. Waiting for a manipulation wick to the 10,000 region before we start rocketing up. Cryptos are still young in the market and have a way very long road to go. Check my setup out and leave a feedback in the comments. Profit taking zones are market in green, fib retracements, wick regions etc.
#tradesafe #theforexdaddy #tfd
#Bitcoin Long term Plan! - updated entries this is an update for the previously posted plan
my thinking was that we will retrace however we have already broken out & weekly candle has been closed successfully above the resistance trendline.
so based on triangle breakout I will try to average down my entry for the long term, remember this is not for leverage trade (though you can just use 2-5x leverage & have post only clicked that way you won't pay a ton of fees if you held the position till 2022)
there is also another possibility on Log chart as posted here of possible ascending triangle -
so if you are still not sure this is not a fakeout you can wait for a BODY CLOSE (Not wick full candle close) above 13800$
My entries -
10500 - 25%
10250 - 25%
10000 - 25%
9750 - 25%
Stop - I will exit the trade if we have 3D candle close below 9500 (not putting stop currently because of scam wicks)
you can track the triangle here on 3D chart -
#notfinancialadvisor
#DoYourOwnResearch
#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 😜😜
Do not forget to check out other ideas & do share it with your friends :)
XRP holding strong with good supportMorning from sunny Arizona! Once again looking at the 4hr chart, we can see the 0.5 fib level created a lovely support for XRP at the .2340 mark. It has established a nice ascending channel which i believe XRP will follow until we have enough volume to make some sort of parabolic move. More so, we are well above the 200 MA which is very bullish in my opinion and most certainly establishing a long term trend reversal back to the long awaited bull market. Long way to go yet, but positive signs for HODLERS waiting to recoup their cash! Have a great day and an even better weekend.
My Trading StrategyFirst of all it is always best to have a trading strategy before entering a trade as I have made many mistakes in the past with margin trading and I found this way is the most effortless and least straining psychologically method. As I believe this is a huge growth industry, currently I use a Ledger, which are readily available and a great way to store your currency. Replacing the popular margin trading with the more stable 'growth over time method' is safer and won't have you checking your phone every two minutes, checking prices.. For reference currently I plan on holding my cryptocurrency for 20+ years, and passing the ledger onto my family or my kids, for their benefit at the time. I put the most emphasis on the psychological aspect as most trading does take a toll on your wellbeing and state of mind, while simply riding the ups and downs of the market is very satisfying. Constructive criticism / feedback encouraged! Buy and HODL!
BTC Big Picture - keep it simpleThis chart is intendedly not very technical to keep it simple. It presents a direction where we are heading pricewise. Keep in mind that there will be less bitcoin generated going forward and probably more bitcoins being lost and frozen forever. This and the fact that Bitcoin gains more significant as a store of value will help supporting the trend line.
Bitcoin Price to Fall Further: Correction Remains IncompleteBTCUSD price has been marching higher since it bottomed in December 2018 at around $3200. By June 26th, the first-ever cryptocurrency (Bitcoin) top at approx. $13800. Unfortunately for the bulls, the rally came to a halt and Bitcoin dropped 34% to ~$9000 on July 17th.
As at the time of this writing, Saturday, July 20, 2019, the bulls are recovering the losses, and BTCUSD is trading at ~$10580. However, Elliot waves are suggesting weakness ahead as the correction remains incomplete.
Let’s take a look at BTCUSD 4hr Chart Above.
The 4hr chart of Bitcoin reveals the overall sell-off from 2019 high at ~$13800. The current pattern in play is called a double zigzag , which is a counter-trend price move. The price has already completed the first a-b-c zigzag in wave W in green, and a corrective recovery zigzag in wave X in green.
Price is currently making the second a-b-c zigzag, and it has only completed impulse wave ((a)) labeled (i)-(ii)-(iii)-(iv)-(v), corrective recovery in ((b)) is unfolding, the completion of wave ((b)) will set the stage for a five-wave decline in wave ((c)) to complete the second zigzag in wave Y.
One of the characteristics of double zigzag (W-X-Y) is that wave Y has the potential to equal wave W or extend up to 1.618 of W. For this to correct, the price has the potential to decline to as low as ~$6600.
Besides, if my overall wave count is correct, the current pullback is part of intermediate wave (2). And according to Elliot Wave theory, wave (2) has the potential to retrace 50%, 61.8%, and 78.6% of the impulse move. For Bitcoin, 61.8% lies within ~$7200. There are also clusters of support around $7500 area.
Verdict
Bitcoin has been amazing crypto in 2019 so far, but considering all the Elliot Wave facts above, it’s not advisable to buy Bitcoin now. The bulls may end up with another ~30% loss to around $7500 from near current levels.
Do you think Bitcoin correction is already completed? Let me know your thoughts in the comment!
KEEP CALM AND ZOOM OUTThere isn't much to be said here given the very familiar yet healthy performance of Bitcoin price movement here recently. This also serves as proof that this bull market is totally different from the FOMO induced surge of 2017. No, currently the market is to me, much more stable, more reliable and truly holding up to bitcoins ultimate use case. For the most part we find alot of our support around the 11.1k area though it did quickly correct slightly lower and this is fine given the amount of increased momentum that brought us to our more recent surge allowing us to test as high as 13.2k. I've jokingly began to refer to them as "bull breaks" lol this activity seems to mirror last weeks movements very well and really flexes bitcoin's reliability as a worthy store of value. My advice to those fairly new to this aspect of the cryptospace is to relax and enjoy the ride. Take this time to educate yourselves on the basics of chart analysis, and the history of bitcoin's unique volatility, and ZOOM OUT. Notice that even though a lot of press from FUD to speculations about future movements is done on the small movements, its all smoke and mirrors to a point. Bitcoin's movement is definitely within and along the parabolic trend as it takes its graceful climb towards all new highs within the coming months. its often said to "buy the rumor and sell the news" and at this time i cant think of anything greater to keep in mind. Keep Hodling and happy trading once again :-)
Uncertainty coming to an end?So, its not much of a secret that bitcoin has been a short trader's dream ever since the expected correction,which made the recent increase in volume a very welcomed element to the price predictions of the future. I for one have remained bullish on BTC from the beginning of the bullish trend, mainly because of its movement aligning with the current parabolic trend. Its almost a perfect fit. After taking a good look at todays candles, both daily and hourly, i feel alot better with BTC currently around 11.4k and confirmed support not too far underneath at 11.1k to me this signals a possible increase in BTC price and further confidence in its current strength going into this month of July. Good luck out there and happy trading!
Bitcoin Tested support around 9.6k, looking slightly bullishMy initial price prediction was for the bitcoin to ultimately test support at a much lower price but im not mad at this one bit. today was full of very bullish signals and possibly could signal the end of the anticipated correction and another steady rally to new all time highs for 2019 so far. I don't want to get too excited but as stated in my previous publishing , which im sure many would agree, BTC is still within the confines of a bullish trend and is slowly gaining support. these are a very welcomed , highly attractive small movements for those that take pleasure in shorting such a volatile asset! Stay alert , stay positive and most importantly ALWAYS BUY THE DIP! :-) lets have a good week folks. I'd love to see a rally towards 16k soon.