Bitcoin global trend analysis (up to $100k during 2021)Just some aggregation of Fundamentals and Technicals:
1) Fundamentals:
- Market stages - Bull Market, Bear Market, Consolidation+Reconsolidation
- Halvings and it's impact to launch of new bull market
- Growth drivers at every timeframe (who drives the bull run). Current cycle "tothemoon" fuel should be institutional investors and banks
2) Technicals:
- Trend analysis based on logarithmic curve from the earlist accessible data
- Strong trend logrific support and resistance zones
- Comparison of LOWs-HIGHs regression with time
All these factors together lead to a forecast of $62500 (the most pessimistic scenario) - $80 000(the most realistic scenario) - $100 000 (the most optimistic) during IV quarter 2020 - IV quarter 2021 depending on accuracy of the calculations, behaviour of next year price movement scenario and of course, most of all, fundamental factors which should effect the price.
Some overhigh up to $300 000k (which in normal conditions should be next bull market possible peak) is also possible but something fundamentally big should happen.
Trend-analysis
Days Range of ETHUSD :Binance 3 June 2019 DRange highs or lows for today based on Gann fans, if my fan is correct.
Recommendation :
Buy at / above: 272.25 Targets: 276.25 --- 280.42 --- 284.62 --- 288.86
Stoploss : 268.14
Sell at / below: 268.14 Targets: 264.19 --- 260.15 --- 256.13 --- 252.14
Stoploss : 272.25
Disclaimer: If my Gann fan is not correct pls comment. Thanks.
ETHUSD - Possible cup and handle If ETH rejects from its current levels, which in my opinion is high in probability as it heavy historical and fibonacci resistance, we could see price fall to support before testing $260 again. Should price break above in a second test, we would have a confirmed cup and handle with substantial upside. I am currently shorting ETH as a result of this resistance, targets to be determined. I am really interested in getting long at the breakout but I have little confidence we will break above on this attempt.
Happy Trading.
AUDUSD trend formed, support brokeWith the recent news of: increase of building permits (USD) and also employment change in AUD which is below forecasted value along with the fact that AUD has been slowly decreasing in value for some time being less economically stable than the USD. I’ve opened a position once the pair broke the support and as such it has kept a declining trend. I haven’t implemented a take profit yet I’m just waiting for the pull back to mark another resistance level. One to watch over the next day or so. Thanks.
EURAUD: Swing Trade Setup Whats up traders?
We are looking at this new Swing Trading Idea on the EURAUD pair. Price has been in a nice bullish uptrend since days.
After three levels of rise and a peak high forming, we are looking for short orders in the market.
Divergence is also in place for this trade. As this one is a Swing trade, our stop loss is a little bit wider. In this case more then -50 Pips.
Although the stop loss is wider, the risk reward on this trade is more than 1:10 if our take profit hits. Thats more than great!
Wishing everyone success and a profitabel trading day!
MY BITCOIN BUY IS IN PROFIT! I hope you followed my signalCONGRATS if you bought BTC at my entry point! If you didn't, well there will always be more opportunities, and I'll alert you to them in advance. When I posted this idea, I was hoping for a nice clean breakout.
But of course what actually took place was a rather hesitant, uncertain breakout. I actually decided to buy BTCUSD in between the blue line and the pink line, as the initial breakout felt strong enough to be worth getting into a little bit early.
Within 24 hours, the breakout was reversing way below the blue line and I sold out quickly. But I was ready for a second attempt, again in between the blue and pink lines. I'm now well into profit, but the slow, hesitant nature of this breakout worries me. I will not allow it too much room to breathe and will exit if the price falls much below 5900 again.
As I said in my original post, the broadening triangle pattern is not a particularly reliable breakout pattern. Horizontal lines are usually more reliable than sloping ones, and triangles that widen instead of shrinking are generally less reliable too. These are some of the reasons why I'm keeping my stop-loss level nice and tight.
GBPNZDGBPNZD we are looking to execute a long positiion on this pair as it is approching two major resistance points at 1.94165 and 1.94465, We want to see a break at the first major price (1.94165) for us to forcast a high projection in price. Both on the H1 and H4 are holding points to resistance close to price, We are looking to break uowards to do a slowed downwards momentum