BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
There is a clear cyclicality of actions, in the near future we can expect good volatility within the white support line and burgundy resistance line.
Closer to the halving, we should expect the next bullish rally as it was in the previous two times.
Comment: Bitcoin to $55,000 by May 2020
Appearing alongside guest host Katie Stockton on July 29, who is the founder and managing partner of Fairlead Strategies, Kernen speculated on bitcoin’s price leading up to the next halving. He highlighted May 2020, when the block reward is expected to decrease, as a primary catalyst for the cryptocurrency that could take the price to $55,000. Stockton appeared more skeptical of the prediction when asked if she agreed with the analysis. Several of the other co-hosts jumped in to express their incredulity over bitcoin’s price movements, particularly the fact that the value always increases significantly in correlation with halving events.

While Stockton did not give a firm price prediction for BTC, she did concede that market basics such as supply and demand still apply when factoring the value of crypto-assets.
She said, The best way to evaluate it is by looking at the chart. It’s all supply and demand.” Kernen backed off his prediction slightly by the program’s end, turning to the camera with a shrug and saying “we’ll see.” However, he did point out that similar metrics for supply have been applied to precious metals, such as gold and silver, with some historical success. Bitcoin Halving & Reduced Supply
The next halving will take the current block reward of 12.5 BTC to 6.25 BTC, cutting into the profitability of miners. The market theory has been that miners will be forced to sell their coins at a higher price to cover operating costs, as opposed to dumping them on the market.

With less bitcoin entering the marketplace and a host of motivated miners willing to wait for the price to increase, most analysts predict that the price of BTC will rise beyond its current level.

There is also a degree of self-fulfilling prophecy at play, where investors pump the price of bitcoin in anticipation that others will expect and increase with the halving.

Bitcoin’s price underwent a rally during the weeks leading up to the last halving in July 2016, but most believe it was the long-term effects that had a greater impact. BTC continued to rise gradually over the next year and a half, before reaching its last all-time high near $20,000 in December 2017.
((Sorry, I don't know much English))
I recently joined this site.
I just wanted to say, you're really the king of TradingView :))
Good Luck my friend :)
Great work sir you are really genius
Good point, Excavo!

Also, Ethereum seems to have completed its retracement after the bull run we had during June:

Long if price > 10 600 on 1D else short
time to buy
maybe halving wont effect the prices this time, coz future markets are able to create virtual Bitcoin from thin air just like they do with gold and silver, and this will increase the supply of Bitcoin, so technically future markets can hold more bitcoin even than the total supply, which is 21 million, and this step will definitely effect on prices, have a look at my long term elliot wave projection on Bitcoin's 10 year cycle, according to this theory 1100$ could be the bottom for this bear market
$55,000 would be nice!
In the meantime BOSS Quantum Grail Indicator users went long yesterday at 8am EST we are currently up 4.9%

Nice way to show how Elliott waves work last time and I am in same long position as you since 2 weeks ago. Let me know what you think about my analys. Thanks =]


smart look both ways
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out