$250k EOY 2021: a study of price action along the monthly BBsHi everyone,
Welcome to another idea on Bitcoin's long-term cycle.
The main observation I realized today was this:
After testing the top of the Monthly Bollinger Bands for the first time, Bitcoin enters a long-term bull-market and keeps hugging the upper band until the end of the parabolic rise to new ATH.
We're at that now, almost exactly like August 2016.
Projecting an identical curve from August 2016 to Dec 2017, we can project the EOY 2021 price of Bitcoin (assuming $BTC will top out there) @ around $250,000.
This is definitely not an accurate price predication - but it is very telling of where we are and the bullish potential that bitcoin has in the coming 2 years.
Cheers,
Leb Crypto
Targetprice
Moog Strong Pullback Fundamental analysis
MOG.A dropped 15% in 2 days, after beating earnings, revenue, and reaffirms FY19 EPS guidance.
Analyst lowered price target from $102 to $92
Technical analysis
OBV did not fall below it's high since late June.
RSI(10) @30.5, not wanting to go into oversold territory.
*Note:
If the stock market rallies tomorrow with the fed announcement to cut rates. This stock will probably too.
$BTC in a Weekly Bull Flag since April 2019? Target $18k in Oct!Hi everyone,
Here's another update on Bitcoin on the Weekly Chart!
After completing the flag pole in June, Bitcoin may be in the process of completing the bull flag structure as it continues downtrending to $8.5k.
A simple extrapolation target of this bull flag sets Bitcoin at $18,200 in mid-to-late October 2019. This is inline with our ultimate EOY target of $40k per Bitcoin.
We all know how Q4 tends to be the most parabolic and bullish season of the year, particularly November and December.
Let's see how this plays out!
Cheers,
Leb Crypto
$XRP: Sideways until March 2020, with $30 moon shot EOY 2021 ?Hi everyone,
Welcome to another macro TA on XRPUSD.
This may be an unpopular chart as it shows very boring movement this year 2019, even until late March 2020. Many weak hands to be shaken off out of despair from a seemingly lost investment. Many in the process will lose faith in XRP as Ripple the company continues to shine with no price appreciation for XRP.
But it is not an unlikely scenario - in fact I am starting to lean towards it as it makes sense on 2 fronts:
1- gravitating around that longterm trendline in boom and bust cycles
2- the length of time it took to takeoff in the previous cycle, also coinciding with late March, going full bull into EOY.
3- XRP going full bull exactly at the time where most retail investors have sold or lost hope, bringing max pain to all.
In this idea, XRP goes in raging bull mode as of late March 2020, hitting a target of $30 per XRP at EOY 2020, then entering another longterm bear market down to around $2.5 (92% decline as in 2018).
N.B. I must note that this analysis is based on a speculative XRP asset, with real XRP utility still being low in the coming year and a half. If otherwise XRP becomes widely used and adopted, then of course a utility-based bull run would change everything, and no one knows how to chart that one!
Hope you enjoy this analysis.
Cheers,
Leb Crypto
#bitcoin - Room for further correction H4I am back with updates. Bitcoin once again is within a quite important range (between Monthly and weekly PivotPoint, yellow and red), and also already once failed a breakout attempt. Tendency from here would be simply more down then up, knowing that this is not really tradable right now, due to the fact we all know Bitcoin has alot of surprising potential. Important ist the upper red trendline (breakout level), that need´s to be left behind to develop further up movement.
Don´t forget even if BTC correct even down to the red box, it´s still within the range of a perfectly normal and non-bearish correcture and should not raise fud. As well the broadening wedge support has not been hit yet, so for now we are still far away from a bearish scenario like a BumpnRun.
TO BREAK: $11700
NEAREST SUPPORT: $10700
BULLISH TARGET: $13900
BEARISH TARGET: $8770
(Broadening Wedge Support: $10100)
*Always set stops. Dyor. No financial advice.
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BitMEX Ref-Link for 10% Fee Discount the first 6 months: www.bitmex.com
Bitcoin Satoshi Vision in bad shapeOne fork of Bitcoin Cash (yes, the fork of the bitcoin fork...), named - pompously? - Bitcoin Satoshi Vision, is more than ever in a bad position.
After having benefited from a breakout bullish out of his Falling Wedge as I show on my chart, the party seems to be over!
BSV has just been delisted by one of the heavyweights of exchange platforms, namely BINANCE.
Other exchanges follow suit: notably Shapeshift.
Also KRAKEN has just done a survey for, yes or no, to delist BSV of its platform. And the votes would be in favor of delisting.
The fundamentals and the decision without appeal of these exchanges being in total disfavor of BSV, the technical analysis not coming either to the aid of this so much decried Fork, it seems to me that the current Dump will continue these next days and that it would not be prudent at all to invest in this Altcoin.
CIFS - Technical AnalysisAfter a spike in Feb 2019 the stock has been consolidating for the past 2 months. With a nice cup and handle formation with the handle consolidating the stock is at the apex of breakout. The stock is also staying above 21 EMA on daily. A breakout at these level first target would be previous high range of 5.26 and then a long target of 8.15
Be causious of the fact that this stock reacts wildly on USA vs China trade talks. Always safe to have Stops at 3.05 to 3
AION CUP AND HANDLE WITH TARGETS...I've been all over this for several successful trades and looks like we can catch another one...
Here we have BINANCE:AIONBTC on the daily and a possible cup and handle set up...
Targets in white...Let's get it!
TNT/BTC - pump comingDecided to mess around with fib channels today and found some cool patterns. TNT/BTC looks very likely to hit the target.
Target: 0.00000786
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
Yellow line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
ARK/BTC - ready to pumpARK/BTC is looking like a great buy opportunity from this range.
Target: 0.0001920
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
This is a log chart.
ETHUSD - 1D Chart AnalysisAs we have already been accustomed to, any aggressive movement like the one registered in mid-February, is followed by a period in which the price is searching for a new direction.
These alternating intervals, which are already common for the entire sector, are making this market to be more interesting.
From the technical perspective, we have the Stochastic indicating a possible continuation of the price decrease which is also suggested by the lower trading volumes than before.
On the other hand, the MACD's position at the top of the Signal and the first green candlestick created after the 20 days Moving Average was crossed are announcing the possible attempt of the price to get closer to the first Resistance Level.
However, if the trading volumes will not gain in consistency, the main scenario is the one where the end of the bullish trend on a 1D chart will be over in the upcoming days.
LTCUSD - 1D Chart Analysis
Even if the first 2 days of this month have been promising, it didn't take long for the price of Litecoin to cancel it's good start and for the bullish trend to be under pressure one more time.
In the last 8 days, the inconsistency of the trading volumes have determined a slow down of the price and we could see how the latter has surrounded the 20 days Moving Average looking for a new direction.
If we will follow the pattern that we previously used for Litecoin, where the MACD gave us the trend and the Stochastic showed us the short term price directions, we can see that we had to have a bearish trend starting with the 24th of February but the price didn't go below the 20 days MA yet.
On the other hand, the "fast" line of the Stochastic just went below the "slow" one, meaning that the price has more room to drop.
On top of this, the trading volumes registered in the last 2 days are lower, meaning that the scenario in which the price will continue it's decrease seems to have all the necessary "ingredients" to be caught off.
A realistic target price for the upcoming days is the 44.01$ and if this level will be reached we can say that the bearish trend on a 1D chart has "officially" started.
BNBUSD - 1D Chart AnalysisLike in the other the cases, the total market capitalization drop has put pressure over the price of BNB as well, with the latter being about to register the 4th consecutive day of decrease.
One of the major factors is represented by the inconsistency showed lately by the trading volumes, the same ones which can be considered "guilty" for the price increase which has been registered since the beginning of the month.
Therefore, let's see first what were the key factors which have announced this growth of almost 85% :
* On the 30th of January, the price has registered the second day in which it had a positive evolution and on top of this, the MACD has positioned at the top of the Signal for the first time after almost 1 month, announcing the start of a possible uptrend;
* One day later, on the 31st, the "fast" line of the Stochastic has aggressively changed it's direction and went above the "slow" one, confirming in this way the price increase signaled by the MACD;
* The previous 2 bullish signals have been supported by the increasing trading volumes and this leaded to the positive scenario which eventually happened.
Today, as we've mentioned on the previous post about the BNB, we can see how the MACD has aligned to the other indicators which were announcing a possible correction, due to the crossover which has been just registered.
Therefore, we can say that we have all the necessary circumstances to believe that the price drop will continue, with a possible target below the value of 9$.
LTCUSD - 1D Chart Analysis So far, it seems that February has been great for Litecoin as it's price has managed to cross the 20 days Moving Average, it consolidated it's position at the top and also registered a growth of 55% until today.
Of course, this huge price change was stimulated by the higher trading volumes than before and also by the market capitalization of the whole sector which became bigger, as the earnings season of the stock market is almost gone.
From the technical perspective, we have the MACD and the Stochastic which starting with November have clearly showed the trends and the price direction changes, with only 2 exceptions :
* On the 30th of November, when the MACD has crossed the Signal, the price continued it's negative rally despite the "BUY" signal given by the indicator;
* On the 15th of January, when the "fast" line of the Stochastic has crossed the "slow" one, we could have been tempted to "BUY" and we could have been disappointed, as the price of Litecoin didn't register any impressive change.
On the other hand, it is important to mention that whenever these two parameters have showed the same signal, the price has followed the direction, with the last example registered on 31 January when the actual "bullish" trend has started.
Today, based on the lower trading volumes and also on the Stochastic's crossover, we can consider that the "correction" of the price has started and it also has chances to continue in the following days, even if the trend on the 1D Chart is still the same one.
And given the actual circumstances, it is possible to see the price getting closer to the Pivot Level first, before trying again to break the Resistance Level of 53.94$.