Corona has been a crazy situation for the markets and Bitcoin showed a different shape of bull run than previous two years. It has also left the Bitcoin Growth Log Curve but imagine it goes back in line with the curve? This could mean a minimum of 380.000 range end of bull-run.. but given the devaluation of the dollar and euro and all the shit going on in the...
Silver is one of the metals i have and i see there is nice compression building up on the charts atm. This could well lead up to a run of approx +40% to the one-to-one area.
Hi all, just take a look at previous bullruns and draw a line 40% from the bull run top. That is more or less the level that needs to be claimed before speaking of a bull run. But, what you also see is a retracement at first touch of approx 30-60% in previous runs. This leads me to think that we can now easily see a run up to 40K and then seeing a retracement...
I personally think there will be the scenario where the FED does another rate hike and puts more pressure on the markets (read banks) which will positively impact Bitcoin price pushing through this make/break zone. OR, the FED decides to pause and this could create a scenario where Bitcoin could see a break through to the downside and test the 22833 level. A good...
Just a fun chart using some TA to project some rough possible estimates for the BTC price. Think the next bullrun could take Bitcoin to a 180.000-ish price level while the cycle after that it could go to close half a million dollars. Simply wait and see.
This chart shows how you can trade the waves using the T3CCI, combination of macD and Stochs RSI crossings and the BTC Log Growth Curves. When you trade the daily chart you don't have to trade on a daily basis. It tells you when to go long and when to short. Simple as that!
NEAR fib .236 has confluence with POC, SL under lows, target 50% RR=4.2 - you can also ladder in your entries for better RR
BTC had a beautiful bounce on the white SR line.. we are looking at 45740 now which is VAL of the volume range and this is also bottom of the channel. Hopefully we see a breakout to the Golden Pocket here, retest of VAL and then further up.
There is a beautiful Point Of Control in the Golden Pocket, hopefully we'll find support now on this downward trendline, bounce and move up. Meeting in POC with the 50D Moving Average.. plenty of confluence
Think there is a good chance we will see another sweep of the lows for Bitcoin, going a little under the previous low to get liquidity and then move up again.
One great way of trading is simply longing or shorting the 52DMA respecting a 3% Stop Loss (I ignored possible losses in this calculation) - what you see is when you simply long or short on this popular trendline (I think 52 days is a little better for BTC than 50) the benefits are huge and you only need to have the discipline to long or short the trendline. Easy...
Zooming out it is starting to look really good for BTC. Trading on Moving Averages you can see they have all come together now and cooled down. This is great for another leg up in this bull market. Stochs are ready for take off too. BTC looking good!
There are many ways of doing TA - these so called spider-webs are a fun way of calculating possible future prices. Especially in combination with a trend based Fibonacci. Let's go!
These are my targets for BTC > expecting more upside this week in Wave III, then correction Wave IV to continue further up next week after which we will see a corrective ABC to fuel up for the end of year Bull Run. That correction could be quite severe! Be careful and don't be mislead by all positive news. Leverage will be rekt!
Cake looking fab! Never waste a good opportunity. Going back to ATH is about 140%, it has confluence with fib's and the Stochs RSI looks ready to go.
Moving beautifully in channel.. next target 63800 or I'll have a beer less tonight
Also check MacD and Stochs RSI on HTF - looks really good
Looking at the bull run of 2017 you see similar patterns. Though this time, with the wide adoption and acceptance of Bitcoin, I think we can see a lot more price action and perhaps reaching an ATH in the 500K range. At some point, it only doubles, that's sometimes hard to grasp.