Bitcoin & XRP In 2020 - Halving, Elections, Stock Market, ATH?
Note: If you hover over one of the callout boxes, it comes to the front so you can read it. Also, you can expand the chart a bit by holding and scrolling the prices on the right.
Note 2: I actually tried to match the overall trends with timing and general price range I think it will move.
Fundamentally; I don't see why not. Things lining up just right.
2018 - 2019: Shorters mainly won. Longers mainly lost.
2020 - 2021 = Longers mainly win. Shorters mainly lose. (people shorting the bottom getting greedy)
Golden Cross possible.
Gold sharing similar big trend price actions.
CME $100 gap.
Huge weekly cup & handle possible. Shares same emotional cycle so far of "last side of cup" found in smaller cup & handles.
"Steepness" of big timeframe MAs.
Volume is a concern, but not necessarily a definitive 'con' as volume can come mid-way and mis-judging volume too early in between the gap is commonly done.
Things To Look For:
Good luck!
Note 2: I actually tried to match the overall trends with timing and general price range I think it will move.
Fundamentally; I don't see why not. Things lining up just right.
2018 - 2019: Shorters mainly won. Longers mainly lost.
2020 - 2021 = Longers mainly win. Shorters mainly lose. (people shorting the bottom getting greedy)
Golden Cross possible.
Gold sharing similar big trend price actions.
CME $100 gap.
Huge weekly cup & handle possible. Shares same emotional cycle so far of "last side of cup" found in smaller cup & handles.
"Steepness" of big timeframe MAs.
Volume is a concern, but not necessarily a definitive 'con' as volume can come mid-way and mis-judging volume too early in between the gap is commonly done.
Things To Look For:
- 200MA retests and success or failures.
- Random, common folk. (insert Homer Simpson meme where he comes out of the bushes)
- What the more popular PermaBears show in underlying emotions. Anger, bias, gone missing, denial, etc. etc. All of this can be seen reading in between the lines. Even the action of going missing when they are terribly wrong give off emotional state signals. (Bonus: PermaBears usually appear out of no where or become much more active as we near the lip of the "last side of the cup", there shorts usually explode in numbers, the price drops into the first part of the "handle" and the PermaBears say "I told you so", etc. As it reaches to it's low and ranges, PermaBears grow more confident and "invincible" that prices cannot go up because certain "indicators" were "broken" below. Shorts ever increase. Then the uptrend occurs from the bottom of the handle to possibly break the line and explode up leaving many short covering, liquidations, etc. that help drive the price in it's second and third leg of pumps after whales push prices to break the "handle neckline" when PermaBears are feeling Invincible. Rinse, repeat. I believe this year (and 2021) is where in general, Bears will lose if they fight against the overall uptrend.
Good luck!
Sorry guys, that blue line was suppose to line up closer to date to show a rising wedge that breaks down into a handle.
Also; the two bottoms; I have ZERO IDEA on the actual bottom price because I trade based upon sentiment. These are all ballpark soft guesses. I time the bottom of the possible handles on the cup and handle patterns when I feel too many are bearish bias with reaching a certain greed level & confidence.
Anyways.. good luck.