Targets
Bitcoin now... Bitcoin now predtiction... My longs orders 7200-8000... I expect here is bottom and then bounce on 50-61.8% levels...
If we go through the purple trend line we can expect big pump...
Twitter @MathonyEZ
GL :)
Do not take these predictions as a recommendation, but just as a preview of where the market could go... :)
If this happens, we're going to 15,000! Maybe 17,000?Ok traders. New chart here. Let me quickly summarize where we're at:
We didn't quite hit my price target of 11k in the last trade. That's not all bad. Proper risk management should have dictated that you sold some of that trade on the way up. And if you're still in, no worries. I am even more optimistic than before.
We have now dipped below our previous higher low of 9078. This signals a healthy correction.
I do not know how this correction will play out. Nobody does. But we are in a bull market and I am extremely optimistic regarding the future of bitcoin, even more so now with this healthy correction.
What I have drawn on the chart here is fairly self-explanatory and obviously purely speculative at this time. But, if BTC ends up following this pattern, then our finally target is a massive shot up to at least $15,000 and maybe as high as 17,000 or more.
We will have also broken out of a long multi-year triangle. This will be highly significant and the last sign that the bears have no more hold on this market.
My goal on this trade is to start accumulating more position at around $8,000. I will then sell a small amount at around $10,000 and put in my stops. Why, you ask? Because we will then be hitting our heads against some major overhead resistance and may fail to break through.
If we do break through, I will continue to hold the rest and sell as we approach my targets, with a final %20 holding of this trade ready to hit 17k.
Good luck traders.
Bitcoin Supports Held Perfectly!Hi guys. Just a quick post to show how perfectly our supports held. We still haven't reached our target zone (see previous posts); however, proper risk management should have dictated that you at least sold a bit of your holdings for profit. I still believe our target zone is in site. And then? One final HUGE hurdle as we look to escape our long-standing triangle from 2017. I don't know what will happen then, but we may have one last down swing (even into the 6.5k range) before the bulls finally win this 2+ years correction once and for all.!
Happy trading!
BTC.D >> Bitcoin Dominance targets in 2020-2021Hi everyone,
I believe this space (cryptoland) is becoming very interesting as dominance slowly is shifting away from Bitcoin into some major alts whose projects have excellent execution and increasing/promising use cases as time progresses. Bitcoin continues to be a great store of value yet some alts are beginning to steal the show. It is my conviction that Bitcoin dominance is in a multi-year ABC correction (beginning 2017) having completed the A wave in 2018 & B wave (relief bounce) in 2019 & has begun the C wave a number of weeks ago.
Important note: With bitcoin dominance generally being in a downtrend over the coming year or two, this does NOT mean at all that the Bitcoin price won't appreciate. On the contrary: As its market cap dominance decreases, Bitcoin will continue to increase in price and adoption. It is a common misconception that Bitcoin price is positively correlated dominance needs to increase in order . Truth is: the correlation is very low.
Anyway, back to the chart: we present 4 targets for Bitcoin dominance which we think will play out in 2020-2021. Breaking the 50-53% level triggers another roaring alt season, not unlike the one of EOY 2017. By that time, Bitcoin would have likely surpassed $20k (its previous ATH) and so investors and traders would begin diversifying their bitcoin gains heavily into the Altcoins.
The targets presented are very technical, actually, based on multiple Fibonacci retracement analyses. We believe the end of the C wave would show an ATL Bitcoin dominance of 25%. AT that point, you can be almost sure that the bull cycle has ended and cryptoland is entering another multi-year winter (bear market).
Cheers,
Leb Crypto
#ethereum - Hitting Target 2 of Bullish WedgeDear Traders,
a short update from my side, today Ethereum surpassed Target 2 of the bullish falling wedge and also trying to overcome it´s yearly Pivot at the same time.
As you can see for this pattern there is still some room left for upwards movement, until we have to throw away this view and recalculate future possibilities.
Despite history, this year started extremely green for crypto assets in general and also alts have picked up fulminantly, looking towards ICX for example.
Currently BTC dominance is decreasing which might indicate that we have at least a good period of time where stability could make us happier than the entire last year.
We all know $200 is psychological mark for ETH, so please keep a good eye out for short-term corrections or sidetrend.
All the best.
Neru
BITCOIN | Butterfly or CrabWe can see some harmonic patterns forming on the Bitcoin charts.
CRAB
BUTTERFLY
Crab time fibs line up perfectly with Butterfly
Butterfly fibs lineup with Crab
But there is also a wedge with a lot of confluence:
- The blue butterfly 15.236 time-fib extensions aligns with the end of the wedge
- The red crab 5.0813 (yes 0.813 is also a fib) also aligns with the wedge
- And the fib levels from 0 (8435) to 1 (9840) have a lot of confluence with the crab
Resistance broken, volume, TI says "GO". Only 1 more StopHey there,
so BTC has now broken important resistance and broke out of its pitchfork.
We had earlier tries of breakage but didn`t managed to do it.
Our count of the TI Sequential @ToneVays is telling us to be long and should now sit in a substantial profit.
There seems to be no resistance ahead, except of the 200day EMA.
On basically all other time frames it sceems bullishness and looks to retest 9000 first and
maybe then run to 10k.
Bitcoin has to prove itself with breaking the 200 EMA and closing above it.
Then also currently calls for bullishness with a green 2 moving above a green 1.
All in all very nice bullish moves with a lot of potential for upside.
Check out my YouTube channel
"Enlightened Trading"
for further information and closer analysis of the current market situation.
See you back next time.
Cheers,
Konrad
$BTC >> Longterm outlook with $150-300k targets EOY 2021Hi everyone,
Hopefully this inspires you to invest in Bitcoin.
Check the 2 trend lines, price action prediction based on previous history as well as targets and dates.
This is obviously highly speculative, but noteworthy nonetheless given the upcoming halving and Bitcoin's deflationary nature.
Based on this, 2021 will be Crypto year - 2020 will probably be further accumulation year with slow grinding towards the previous ATH.
Cheers,
Leb Crypto
USDCHF pentagramPay attention to the levels of 0.9770 and 0.9740. Buy if there is a reversal pattern on the lower timeframe. Hypothetical support/resistance levels of 0.9800/0.9843/0.9904/ 0.9956/0.9994/1.0026. Hypothetical targets - horizontal levels, the main target 1.0126 (1.0181).
Sell from the top levels to the targets at the bottom, buy from the targets at the bottom towards the top levels.
Scenario cancel - if USDCHF goes beyond the model.