Bull #1: Break out of 6 month down trend channel confirmed.
Bull #2: Inverted H&S extension, with volume increasing from the price bottom.
Bear signal: Bounce off the 200MA, we are still in death cross zone.
Miner war fundamental facts:
Difficulty is going parabolic, which means machines are being sold and installed.
Miner revenue will be cut in half after...
Whilst technically a bearish pattern, I'm 50:50 on this one. We could just as easily see a break upwards in my opinion.
This is not uncommon in crypto during bullish sentiment.
Also the wider significance of this move with recent accumulation in the Golden Pocket, a break out of its long term channel and fundamental reasons to be stacking Bitcoin with the...
We may have a big inverse Head and Shoulders in formation right now. If the teal trendline gets retested and it holds it can be the spark for a breakout to the previous high from June 2019. It fits very well with the upcoming bitcoin halvening so this bullish narrative can be in play.
If you look at the monthly, you can clearly picture what's going to happen. It's not rocket science. Figure 2 is figure 1's little sister. And it'll be complete in a few months when your money disappeared before the "halvening". Sure the price will be multiplied by 2 but it will be first divided by 2.
Don't tell me nobody warned you.
After hovering around the Golden 0.618 retrace for several weeks, with the constant awareness that even the 6k levels might not hold, I believe we are out of the woods and that we can officially call fall 2019 a re-consolidation period. Though we may continue to retest 7k levels in the coming 100 days before the halving, there are several signs that we have broken...
Bitcoin looks great on LTF, and may work to create more of a bullish argument on higher timeframes.
I like the way it's looking as it's consolidating near highs.
Would ideally like for it to breakout soon to 1) $8800 and then maybe 2) $9800
Keeping an eye out, and expect ETH to follow
Finally the rally price action proved previous forecasts to be true(ish).
The question everyone is asking - when does the rally end?
I've carefully mapped out all four basic bullish scenarios I can see in this market.
We're about to see at least one deep correction model that will retrace 15-40%
of the typical 12345 impulse, if it is finished(if so, then bulls...
Check out this logarithmic scale chart of bitcoin since inception. The chart doesn't lie..
I've been following it for some time now and have made lots of great decisions. Easy to read reflection of the current trends of BTC.
#Bitcoin predictions for 2020! #bullish #Halving #Bitcoinhalvening
MAY 2022 1 $BTC = $180,000
First of all a happy new year and the best whishes for 2020. This wil be BITCOIN decenium.
Bitcoin did not gain the 7.5k level again. This means in my eyes that we are going below 7k again.
And this time i think we dont hold the 6.4k level. It is very unlikely that we get a higher low because the buy intrest is below 6.4k
and i dont think there...
This is another iteration of a previously published chart, but simplified to drive the point home.
Predicting the peak of BTC's next parabolic rally is critical for the profit-taking strategies of speculators and hodlers alike. For speculators, it's about knowing when to get out. For hodlers it's about how to grow your bags. Really, knowing the timing...
CHRISTMAS SUPRISE BITCOIN! $9.000
As we speak bitcoin is at 7.150. If we hold 7.1 at least 7.050 i think we can see a nice Christmas rally! This could end higher then 9k.
Why i think bitcoin is going to pump massively in the coming weeks/months?:
Bitcoin halvening is in less then 150 days, this means we are going to get a rally before. And then i think begin...
A display of previously occurred events. Long term bullish, but with a degradation. In my opinion was the bull market with the 20k ATH not within the trend. I think the next peak will break out the linear and parabolic trend lines.
We started following this fractal on Twitter back in September when price was above $10k.
It's down 35% now and nearing a potential bounce area.
It's looking like we could get a small pre-halvening pump but we may not see over $10k for some time.
Something to prepare ourselves for the possibility of this.
BTC BIGGER PICTURE. If Bitcoin respects the falling channel. End of year prediction between 6300 and 8000. If .618 fib doesn't hold 7230 then .786 is at 5420. If we stay in the channel we won't see that level until 2020. Possibly climb out of the trenches by May Halvening. Twitter @cryptorolly
Bitcoin rough guide to show you halving and price action after the halvenings. Looks like the bottom may be in or very very close to it!
Just a rough guide don't take it seriously!
#bitcoin #BTCUSD $BTC #BTC
What if Bitcoin has always been in a Bull Market. What if we are entering the Bear Market for the first time?
Among many things Bitcoin is a tremendously valuable asset, there is no doubt bitcoin is a token that heralds the birth of an industry. But what if we do not have the mass adoption necessary to sustain current prices? There has been speculative weather...