Red Pulse Phoenix Binance Long-Term Chart Analys + Targets
Red Pulse Phoenix Binance (PHB) Overview
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Bitcoin bounces as expected based on our 28th of July chart analysis... You can see this chart at the bottom of this trade idea...
Now, what's on the charts today?
Let's get back to the basics and that's EMA10.
We rode the entire wave up by keeping it simple.
Above EMA10 = bullish.
Below EMA10 = bearish.
Bitcoin (BTCUSD) broke below EMA10 on the 13th of...
Bitcoin Halving :
New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the reward halves is called a "halving".
In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50...
I am happy to announce that bitcoin is super cheap for the 4-6 years long term investment.
I dont think i am a crazy. I am a computer engineer that develops trading bot called mikabot and interested in math and artifical intelligence.
I believe in math science. The universe has static math formula for the real life.
When I analyzed the mathematics...
Considering the huge cycles bitcoin have been doing, we can suggest that Bitcoin has either entered the last 5th bull market wave or about to finish the 4th and the most boring correction wave.
When we draw the fibonnacci retracement from the start of the 3rd wave we can see that bitcoin has hit the .38 level back in december 2018.
However it is really likely to...
Bitcoin is still the top concern in the Crypto market, not only for you, for me but for all venture capitalists in the crypto market today.
With mixed forecasts in the market, we would like to make a long-term forecast from the perspective of a stock investor as follows:
The first cycle: correction to the Fibonacci Retrace 50%
Technical analysis shows...
After we have seen a steady rise, the neckline comes into eye-sight, which will roughly be resistance between $10750 and $10900. At that point will be decided if we are bearish or if we are bullish. Not much more to say today. Marked the important levels as usual.
There is a very good chance we will see short-term further rise within the small rising and the bigger (not confirmed) broadening wedge. It´s likely bringing us to a necessary correcture towards Q4 this year. For this month we have a new Pivot around 7.6k and R1 around 10k. which is defining our range until it get´s broken in one direction. Anything else is fud or...
This is the likely retracement if we have finished the 4th huge wave and started the 5th one. Lets wait to hit the 21 weekly moving average and then decide what will happen...
Both scenarios are really likely considering the technical view.
Halving effect can pump this scenario however I am a little more bearish still...
We are with rather bigfoot steps approaching our leadline of bearish broadening wedge. Last nights close below monthly pivot, below the current daily trendline AND below the neckline of the w-top pattern is shipping us into deep waters. If this diagonal leadline get´s broken with volume we will go into further correcture. Overall first target 8,9k and 8k...
Larger pattern puts bitcoin in a Descending channel after a big run up towards $14k
As bitcoin is moving through the channel we can see a horizontal support/resistance box around $10,9k - $11,1k. After breaking out of this box a week ago, we touched the upper resistance of the channel and a new pattern started to form within the channel.
As of now it looks like...
EOS is one of the most volatile altcoins. High risk high reward.
3.35 is a really important support zone. Breaking 3.35 will invalidate the impulse wave and will take us to 2.5 usd.
I am %70 bear, %30 bull about EOS.
I am scared to short any coins right now so I will be longing from the bottom.
Long from 2.5 - 2.2
Stop loss 1.99 usd
BTC has possible to continue daily rallies to 12,000 then correction to 11,100, worst to 10,300, before reach the goal the rally to 14,300.
Today candle is opening, but BTC has broken MA50 resistance, although it is not closed yet, it is a good positive signal to break MA200 4H
As mentioned yesterday, we are not out of the woods yet. Currently, the Daily Pivot is working as support followed by the Weekly Pivot in case this fails, which can fairly happen. We are at resistance now accumulating beneath it, which is normal and not worrying me by now. I have marked my bearish levels when I would start to rethink the bigger picture, so far no...
Considering this move as an impulse 12345 we can start the bull season and after the retracement we are about to finish we will be going to the moon.
I am expecting a correction at least to 110-130 usd before this bull to continue though...
Even though bitcoin has tripled its price and some of the altcoins like litecoin and eos did the same, we cannot see that in most of the altcoins. Please check XRP, ZRX etc.
There is something really weird with this rise. Generally altcoins should be following bitcoin rise but here we cannot see that clearly.
Comparing the 2018 prices, when bitcoin was at 10k...