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Longbtc

BTC - Bullish Breakout on the 1HR - HODL ONLooks like this 1HR Candle will get Gaussian Channel to turn green. Need to watch further, but the turn on Daily chart around Gaussian Channel will carry us into halving and complete the current pennant formation. I am seeing a wide upper range here where we could go 12k and possibly retest 19k ATH at halving. If we see continuation on the 4HR chart Gaussian Channel to turn green, I will increase my bullish bias around the turn. 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 and short SPY.
BITSTAMP:BTCUSDLong
by MoneyPatterns
BTC - Fib Retracment and PlanB Responds to Flaws in S2F ModelTwo possible Fib Retracements here. Chart shows most recent high Fib Retracement. Using 2nd previous high, we are resting on 0.382 retracement. I do NOT see us going outside the Gaussian Channel. I will be adding anywhere in the bottom of the channel. PlanB Responds to Flaws in Stock to Flow Model - www.youtube.com Basically has another quant try to prove him wrong and can't. Then another quant tries to prove quant#1 wrong and can't. Articulate, professional, logic based explanation from someone humbly and skeptically trying to not over exaggerate the model due to high price finds the highest price model most accurate and uncrackable. THE BEST PODCAST I'VE HEARD THIS MONTH. - MAYBE NOT TODAY....BUT WE ARE DEFINITELY GOING UP 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 and short SPY.
COINBASE:BTCUSDLong
by MoneyPatterns
2
Close above $9308.52 = Back to Bullish on DailyWe are very close to making the turn here. Gaussian Channel indicates MAIN trend (regardless on time perspective). When price crosses midline, it's like a weak magnet pulling to other side. When price exits channel - trend changes. Price farther outside channel makes channel change direction. We are bearish on the Daily currently. However, the price gap for this to change is extremely small. When I check the Weekly or even Monthly view - WE ARE BULLISH. During bullish Weekly or Monthly trends, bitcoin can move very quick. Last Bullish Weekly and Monthly was 300% from $3000 to over $9k. I am long BTC and GBTC for this reason. Thank you to everyone that comments, puts a chart, likes, or follows. I really appreciate the community here. I am not a financial advisor. This is my opinion based on what I do.
COINBASE:BTCUSDLong
by MoneyPatterns
Future of Bitcoin (Price Forecast)Brief explantation of this fractal: Sept 2014 - Nov 2015 was the first BTC broke under the moving average ribbon. This resulted in a 420 day bear market. June 2016 - Aug 2016 - Bitcoin slowly swung out of the bear market and rallied until it met resistance @ $786 which lead to a 40% correction, signaling a short term top *Note: The short term top at $786 took about 210 days to get retested* Dec 2016 - Very shortly after, $786 Bitcoin tested it's previous all time high @ $1183, and continued up. January 2017 - Dec 2017: After BTC broke above previous highs, we spent in 343 days in a bull market rallying over 2500% from $1183 - $19,954. Where we are now: I correlate this recent price movement to the June 2016- August 2016 scenario. So far we have corrected 43% after swinging out of the bear market. What's next: If Bitcoin follows a similar trajectory (and as long as 7.7k isn't breached) I believe it'll take about 200~ days (January 2020) to retest the short term top at $13,900. Breaking up would give us an instant push to 20k and new highs. I believe Bitcoin will reach a generational top at $250,000 by 2022. From there, a slow bleed and dried up volatility.
BNC:BLXLong
by DIOR88
Future of Bitcoin (Fractal)Brief explantation of this fractal: Sept 2014 - Nov 2015 was the first BTC broke under the moving average ribbon. This resulted in a 420 day bear market. June 2016 - Aug 2016 - Bitcoin slowly swung out of the bear market and rallied until it met resistance @ $786 which lead to a 40% correction, signaling a short term top *Note: The short term top at $786 took about 210 days to get retested* Dec 2016 - Very shortly after, $786 Bitcoin tested it's previous all time high @ $1183, and continued up. January 2017 - Dec 2017: After BTC broke above previous highs, we spent in 343 days in a bull market rallying over 2500% from $1183 - $19,954. Where we are now: I correlate this recent price movement to the June 2016- August 2016 scenario. So far we have corrected 43% after swinging out of the bear market. What's next: If Bitcoin follows a similar trajectory (and as long as 7.7k isn't breached) I believe it'll take about 200~ days (January 2020) to retest the short term top at $13,900. Breaking up would give us an instant push to 20k and new highs. I believe Bitcoin will reach a generational top at $250,000. From there, a slow bleed and dried up volatility.
BNC:BLXLong
by DIOR88