In this idea we see where it all begins. With 2016 Bitcoin halving in July (shown by
upright line on the left)
After 2016 halving price dropped a bit, and then wen't fully parabolic.
This spring again the same event will occur, the halving.
Bitcoin rewards that go to the so-called miners that support the coin's network drop in half in order to prevent inflation...
Bitcoin is testing the 6k level as well as showing some hidden divergence.
Are we about to see bitcoin rally, or is the coronas virus or other current fundamentals push it lower??
We will have to wait and see!
As always, keep the risk managed!
So many different opinions right now. How to decide what to do? We are in so called no-trade zone, impossible to predict the next movement. Rise or fall, nobody really knows.
Majority of laverage positions were REKT already, more to come, I'm sure about that.
So as a trader, back off & observe the situation. Whitin a week or two the new support and resistance...
As always with BTC, it's good to zoom out from time to time, and revisit the BTC montly chart every now and then, to see the bigger picture.
We can now see several very bullish signs:
1. The monthly Bbands are narrowing, this means the likelihood for a strong move is increasing and increasing
2. The January candle was extremely bullish
3. The middle bband...
Properties of the period that is between halvening and ATH :
- All time high happens after halvening. Then drops significantly.
- In logarithmic chart, Price increase in percentage drops %33 at every blue box.
- Period between halvening and ATH takes longer by %38.
So; after the third halvening, price change can be around %1000 and time for that ATH will be 90...
Very simple analysis of what btc has been doing in the lead up to the previous 2 halvings and a projection based on my findings.
notice that after the first halving btc went up by 9200% and after the second "only" by 3200%. which would be roughly a third.
i understand that Bitcoin halvings have not occurred often enough to gather any real data. therefore i have...
- Long 15X LTC
- Buy up to $82.00
- Exit = 2 closes below weekly 21 ema
- Initial target = $100
- Will look to sell a portion of the position when possible to make this a riskless trade (will consider this at 33% gain)
- Bullish moving average cross over
- Bullish MACD cross over is occurring
- Trend has shifted to...
Once again we are checking to logarithmic Bitcoin chart.
We see two mayor resistance lines. Once was broken in the middle of 2019 spring which brought us significant price surge and the second resistance that holds from 2017 still holds.
I think bitcoin will retest that RL again and probably won't brake it. Not just yet. So we can see a slight drop to a most...
Looking at how LTC responded to its halving to plan for the 2020 BTC halving. BTC previously peaked 22 days before its halving but LTC peaked 44 days ahead of it.
This suggests that halvings are getting traded away at a faster pace and it might be harder to select the exact date.
The megatrend indicator seems to have been doing a pretty robust job of trading...
Adjusting projection for spring/summer top due to fact that halvening will affect it.
Previously in 2016 there was a big peak 22 days before the halvening and lots of opportunity to get in at lower prices.
Using ghost bars also maps to about the same $17k price I had before. I am expecting a parabolic move up into the mid teens and will be scaling out a bit.
-tested the previous high to finish the cup @ 10400
-passing into golden cross zone with the daily 200/50 MA
-Currently in pull back, looks like an early cup n handle formation
Trading strategy: scale into a long position after we find a handle bottom
Conservative strategy: wait for the handle to finish before taking a position quickly
Im analysing more and more alts right now because the bottom is definitely in. They are showing a nice reversal pattern.
My expectation is that LTC and other alts can go parabolic in the coming week. I think there is more room to grow to at least $150 dollar before the first big correction.
The signals that are coming up right now are similar to...
Last time the daily ichimoku cloud turned green we pumped 250% from bottom to top.
Plus we have a nice ascending trendline on the RSI.
Halvening is in 100 days.
Long while you still have the chance!
Not financial advise, do your own research!