ArShevelev

BITCOIN 2019 / 2020 ULTIMATE PRICE CORRELATION

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Here is the price of Bitcoin compare with 2019 bottom zone (below 4200).

Let't use Invert Scale on 2019 chart, here is the pic:
Look how similar the look now. I marked 7 phases in between Feb-Apr 2019.

Phase 1 (red box)
Price in 2 days making small dump and sideways, then suddenly pumps. Then moving in sideways without volatility . In 2020 we see similar action from start of the June, in 2 days price just pumped, then paused at top, then dumped into low volatility zone before phase 2. Phase 2

Phase 2 (blue box)
Price in 8 days moving in the big pump, sideways, pump and then dumping below the sideways zone. In 2020 we see similar price action, price dumps, then sideways another dump, then pumping to the sideways zone. Before phase 3 we see sideways and low volatility .

Phase 3 (green box)
In the 2019 price went down a little, then pumped this took 5 days, before entering sideways (up and down arrows) zone between 3 and 4.

Phase 4 (gray box) and 5 (red box)
After small pump, price stuck in the sideways and then suddenly made small dump for about 6 days. In 2020, we see similar price action, right now we are in point 5, and just last 4 days we were in the sideways.

Phase 6 (purple box)
Price after sudden dump in 2019 making sideways for 3 days before entering phase 7.

Phase 7 (cyan box)
In 2019 we see how price starting to sloping upside with small candles before huge pump in April.


Normal pic of 2019 here:

So here is my thoughts about the possible move, no matter which side of the bull or bear you are on. Realistically, both outcomes should be expected.
It’s important for me to use adequate stop loss for mid term positions. Now I am in long and expect a stop loss below 8600. In the opposite case, I will expect a price increase as long-term chart we are still bullish .

Peace and have nice profits!
This is Artem Crypto
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Comments

The comparison is interesting. Because digital currencies are purely speculative values 50% chance of happening, in fact at any point you are on them you have 50% =)))).You have to clear your mind of any bias , there is no point in thinking about where they will go, just to be on course.if I were to trade them it would be on a chart of maximum 15 min . I appreciate the work done.:)
FX trader, passing by here.
+6 Reply
ArShevelev Pps33_Day
@Pps33_Day, thanks, yeah i tried to apply FX approach to the crypto trading (like trading only next move), sometimes it gives success, but most of the time SL zone is pretty wide. So I basically focusing on the swing trades, accumulation and distribution trading on crypto is working pretty good. But anyway we have to put risk like you said about 50% :)
+4 Reply
@Pps33_Day, even though the traded BTCs are dominated by speculators, the entire BTC holding is actually dominated by long-term investors. Fundamentally, crypto is looking bullish for the long-term.
Reply
Pps33_Day Phi-Deltalytics
@Phi-Deltalytics, the future sounds good, ☎️🔊
let's see who answers .....
no one ? anyone? 🐵👹👻👽🤖😷
Reply
ArShevelev Pps33_Day
@Pps33_Day, who we calling?)
Reply
@Pps33_Day, That's actually incorrect. If you analyze Bitcoin data history you will have enough data point to make predictions at least through the Daily chart. Doesn't take much data analysis there to see probabilities for various situations.
Reply
Pps33_Day FrenchysCrypto
@FrenchysCrypto, well, in a rudely manipulated market, too laborious analyzes are superfluous. Anything can happen, anytime. if you sit on a daily chart, when you see the movement it may be too late.It also depends on what you want to do, earn money or do analyzes? if you want to make money, I recommend the TWYS method, all you have to do is be fast and a good shooter. =)).
Reply
Interesting comparison. One should keep in mind. Thank.
+5 Reply
Comment removed
@Tbjbu2, seems like some hater in da house. chill out brother, or you are scary of ±500$ move in price? LOL
+4 Reply
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