BITCOIN could see a price @ 80,000 in the next couple of weeks.
I know some have written-off Bitcoin at least in 2024. I never did because what you often see on Wall-street when banks and financial institutions have a bad day with their share price, its's the cryptocurrency sector that usually shines.
Bitcoin has been helped along in its price by a head 'n' shoulders pattern on the daily chart & in the past couple of days has pushed higher in it's price considerably. At the moment 60,400.
Bitcoin's 4 year in the making weekly-chart cup 'n' handle pattern is ready to pop, price now only 20% below the neckline.
Now, if the US-Dollar breaks out next week as measured by the USDX-index, and I still have this compulsive urge that it will happen prior to FOMC next Thursday, after which the USD could seriously tank under $1 on an interest rate cut, well I believe that assets like Gold would initially sell-off on an interest rate reduction but I am not so sure about Cryptocurrency, in fact I think it could shine.
Some are saying it's going to sell from here. I see 80,000 in a short space of time.
* My own views and not to be taken as financial advice. At time of writing I have long positions in Bitcoin, ZRXUSD and DOGEUSD.
Longbtcusd
BTC – Weekly Perspective – 03/03 to 10/03BTC – Weekly Perspective – 03/03 to 10/03
We can say that BTC reached the expected region at 65K, as shown in the previous analysis. I know that this final climb to 65K did not come with the excitement I expected, which would be prices making a correction to the 40K range to continue their climb.
For now, with the objective achieved, the question remains: Where will prices go?
Will we have a 50% correction (up to 40K/42K) of the rise that started at 15.4K in the distant month of November 2022? If the answer is yes, we may have the formation of C&H, a typical strength pattern for any type of asset. What a thing, right?
For the month of March, due to the force imposed by the bulls on the bears, it may be easier for prices to reach the final top region at 69K.
Due to the steeper climb, the "tip" I give is the following; Whoever bought, maintain your position; If you didn't buy it, don't buy it again, simply wait for a correction; but, if you are persistent, and want to buy at any cost, prepare a stop of at least 40% (Lol), as crypto has reached a region of strong struggle in the long term.
The C&H standard is incredible.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes below
BTCUSD - Uptrend is coming backHello every one.
as you see on the chart.
we can see the perfect timeframe for analyzing is daily.
at daily TF, we can see the signal of reversal that comes back to uptrend structure.
with clearly signal, I will place the buy order here & wait for award in the future.
So, whats about you?
Do you believe in this market
bye bye
btcusd longprevious analysis didn't go as planned so we are switching to a more bigger timeframe to see the key points of the waves. we are buying btcusd with stop loss at 20k. this 20k is a very key price to take note of as wave (1) , also the same as 2017 high . according to elliott wave principles, wave (4) in green cannot overlap with wave (1) in green(2017 high) . hence is wise if that point is set as our stop loss. take profit 1 is 0.618 extension of wave 3 and this price falls around 68k. so we take partial profit or lock profit and see if price can advance to 90k and 120k if it's possible.
BTC 2021 bull run ideaSo this is my btc idea.
Each bull market is shown in a box, starting from when it passed the previous ath finishing at its ath.
The blue arrows show the time it took from mad bear market low to ATH, from second bottom to ath, and how long the full on bull run was (from previous ath to new ath).
So i say we still have about 200 days of full on bull ahead. Making this run end around September. To be safe i am planning to take out major profits by July/August.
If this bull run will be half as strong as the previous ones the target could be 200k $ at + 850% from 2017 ATH
Fibonacci Bands of Bull Market With Data on Alien Planet MarketsPrevious prediction:
Alien markets will be discovered by spring, allocate smartly into digital blockchain industries for the IoT and alien markets, as well as a knowledgeable population about sound money and investing long term.
Credit markets will be exposed (naked shorting) and derivatives will melt down as seen with the #silversqueeze movement and $GME.
This is a great time to be alive, allocate into Sound Money!
BTC - Bullish EMA Cross - Further Consolidation PossibleTRADING ACTIVE
Trade Entry
1. Adding to position, I would wait for break of 10WeekMA around $8k for confirmation bullish to next high OR if rejection of 10WeekMA wait for Buy Zone.
2. Not already in BTC, I would consider buying a small position at this price as BTC can go parabolic as we end pattern. Once you have a small position, assume that we may consolidate further (use #1 above).
Chart Details
Seeing Bullish EMA Cross today on Daily view.
Watching to see if price rejects at $8k (10WeekMA).
If rejection, Buy Zone is $7100 - $6k.
Small chance of low down below $6K (always save buying power for here).
Weekly view shows green Sell Signal (mixed signal).
If we break $7692 this should trigger Buy Signal on Weekly.
RSI working in channel will breakout to confirm trend.
Outer Space Chart (Long Term View)
About Me
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.
I am transitioning to my new website www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
BTC - Bullish Short Term - Waiting to ConfirmBTC has broken out of the $7k range.
Next stop is $8k around the 10WeekMA.
If we close a Daily candle above the 10WeekMA and maintain the bullish trend, this will confirm we should be going higher.
RSI trend is bullish with room to run. General trend also confirms bullish trend currently on Daily.
My Opinion - We will likely head to the $8k area and reject on the 10WeekMA.
Seeing that we may continue to consolidate in the tip of the wedge OR breakout past the 10Week....keep some dry powder.
If we get down into the $7k or less area again, this will be a clear buy.
Here is a longer term view from previous - BTC Outter Space Chart
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 BTCUSD, GBTC, NFLX (shortterm)
GBTC / BTC - Consolidating in Wedge TipGBTC and BTC are consolidating in the tip of the wedge everyone is watching for months.
I was able to get some fill orders on GBTC for $8.55. I have other wishful orders scattered below $8 (just in case).
RSI is already low and suppressed for some time now.
MACD is showing signs of flipping on Daily, but is not there yet.
Multiple gaps to fill above price.
Price crossing red zigzag (10WeekMA) will confirm uptrend.
Just to give hope to some people who HODL if you miss a selling opportunity.
I was able to reduce my cost basis and pick up 531 extra shares in one account by re-buying and selling on the way down.
If you plan to HODL what I did:
-2000 shares....sell half in 200/300 increments on up ticks.
-I waited for pullback and bought using 500 share orders. (1000 share order would not fill).
-Doing this 3 times helped me gain 25% more shares while offsetting losses as I do not exit BTC during halving events.
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 BTCUSD, GBTC