BTC about to test $9500! :-)Looks to me like we have an inverse head and shoulders pattern on 4HR. Measured move is $9.5K. Happy trading!
Longbtcusd
BTC - Bullish EMA Cross - Further Consolidation PossibleTRADING ACTIVE
Trade Entry
1. Adding to position, I would wait for break of 10WeekMA around $8k for confirmation bullish to next high OR if rejection of 10WeekMA wait for Buy Zone.
2. Not already in BTC, I would consider buying a small position at this price as BTC can go parabolic as we end pattern. Once you have a small position, assume that we may consolidate further (use #1 above).
Chart Details
Seeing Bullish EMA Cross today on Daily view.
Watching to see if price rejects at $8k (10WeekMA).
If rejection, Buy Zone is $7100 - $6k.
Small chance of low down below $6K (always save buying power for here).
Weekly view shows green Sell Signal (mixed signal).
If we break $7692 this should trigger Buy Signal on Weekly.
RSI working in channel will breakout to confirm trend.
Outer Space Chart (Long Term View)
About Me
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
BTC - Bullish Short Term - Waiting to ConfirmBTC has broken out of the $7k range.
Next stop is $8k around the 10WeekMA.
If we close a Daily candle above the 10WeekMA and maintain the bullish trend, this will confirm we should be going higher.
RSI trend is bullish with room to run. General trend also confirms bullish trend currently on Daily.
My Opinion - We will likely head to the $8k area and reject on the 10WeekMA.
Seeing that we may continue to consolidate in the tip of the wedge OR breakout past the 10Week....keep some dry powder.
If we get down into the $7k or less area again, this will be a clear buy.
Here is a longer term view from previous - BTC Outter Space Chart
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC, NFLX (shortterm)
GBTC / BTC - Consolidating in Wedge TipGBTC and BTC are consolidating in the tip of the wedge everyone is watching for months.
I was able to get some fill orders on GBTC for $8.55. I have other wishful orders scattered below $8 (just in case).
RSI is already low and suppressed for some time now.
MACD is showing signs of flipping on Daily, but is not there yet.
Multiple gaps to fill above price.
Price crossing red zigzag (10WeekMA) will confirm uptrend.
Just to give hope to some people who HODL if you miss a selling opportunity.
I was able to reduce my cost basis and pick up 531 extra shares in one account by re-buying and selling on the way down.
If you plan to HODL what I did:
-2000 shares....sell half in 200/300 increments on up ticks.
-I waited for pullback and bought using 500 share orders. (1000 share order would not fill).
-Doing this 3 times helped me gain 25% more shares while offsetting losses as I do not exit BTC during halving events.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC
BTC - Bullish ConsolidationWhile we wait for BTC to complete the wedge pattern, all we can do is provide possibilities for outcomes.
I see this pattern as a giant bull flag (like other patterns in Outter Space chart below).
This would imply we are in the end of the consolidation area, tip of the wedge.
My opinion is to dollar cost average (DCA) in the current price down to previous lows of $6400.
I am keeping dry powder in the event we dip down to pink log support around $6100.
The lower we go the quicker it gets bought up.
Using previous fractal based on 10WeekMA position related to price, we may have until end January to buy dips.
Based on last halving's we should price increase into the May 2020 halving.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC, NFLX (temporary)
BTC - Daily Trend Bearish - Buying Opportunity to $6k PossibleDaily trend on BTC is bearish.
Possibility of decline down to $6K. I do not see us going lower than yellow support line for Outter Space chart.
RSI and trend dots are already low in position, so we should not see drastic price declines from here IMO.
Halving is 5 months away. Based on previous patterns, we should see price increase into halving.
Green box on chart is Buy Zone.
I would consider buying all weakness down into $6k if you are holding into 2021.
You should see greater than 2x easily by holding for only 2 years (this is very conservative estimate).
News-
Co-integration of S2F model and bitcoin price now being taught by hedge funds twitter.com
BayernLB Presentation in Denmark (I believe Denmark) twitter.com
If they are teaching about stock to flow at the financial institutions, and publicly bashing BTC in the media, that should confirm they are IN ON IT.
Banks are learning about BTC for investment while giving false negative impressions.
Outter Space BTC Chart
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC
BTC - In the BUY ZONEBTC is in the Buy Zone (current price down to $6800).
I do not think we see the Nov.25 low of $6500 again.
RSI is currently below 40. RSI was recently as low as 22.
If we see RSI this low again, this would be like a double bottom on RSI which I consider bullish.
Based on the RSI trend, I don't see these "BTC going to 5K" predictions accurate.
This would imply a mass exodus of BTC during high economic uncertainty, right before halving.
Sounds like fud to me.
I am watching the price and 10WeekMA wanting to come together like magnets.
When that happens - we are on!
Until then - by incrementally into the weakness until we see a flip bullish in the weekly. Then pour gas on the fire.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
BTC Outter Space view - Says by 1/1/2020 we don't EVER go below $6 again. EVER. If we do, we violate 10 year resistance and stock to flow.
BTC - End of Year Buying OpportunityBTC may be entering the Buy Zone into the end of the year.
10WeekMA looks to intersect with price (unless we get a selloff) around Dec.31.
When price goes above moving average we should go up for weeks. Next Weekly trend is bullish on Filter Dots.
Anything around $7K I would be buying for long term holding.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
BTC - Still in Buy ZoneAll daily trends are holding - showing RSI trend is bullish and next overall trend will be bullish.
Capitulation dots confirming we are bottoming into the point of the descending wedge.
Buy Signal is showing on Daily candle.
We may get a Daily sell signal in a few days as we get another dip down into the tip.
In the next 3-5 weeks I think will be the last turning point before we move higher into halving.
This is an excellent 6 month - 2 year buying range (2X to 10X+ possible).
Anything under $7K I would be a buyer of with both hands.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL, ROKU.
BTC - Buy Zone Getting Smaller - Get It While You CanBTC showing several bullish signals going into the turn - up into halving.
Cross of 10WeekMA will confirm bullish trend upwards to retest previous highs $11K+.
Buy zone is getting smaller which is a good sign.
Bullish RSI Divergence and next trend showing bullish confirm we are in a turn.
Capitulation dots show we are towards the end of the downtrend - almost at bottom.
I think based on the pattern, previous repetitive chart history, halving, and stock to flow - WE GO UP.
PlanB - 12/3/2019
"Getting some questions about why in previous halvings (November 2012 and July 2016) it took well over a year for the market to start surging..
Well, it didn't .. look for yourself: in the chart the halving is when blue turns to red: the market immediately rises after a halving"
See chart in link
twitter.com
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY , AAPL, ROKU
BTC - 4Hr View - Cup & Handle PossibleThe 4Hr bullish support line (green diagonal line) is holding.
Cup and Handle neckline is is around same price of 4Hr trendline, meaning possible pattern completion is possible.
Red stair step line is 10WeekMA (or 50Day same thing). Price above red zigzag line will continue bullish trend significantly.
Filter dots show next trend on 4HR is bullish.
Next EMA Cross is bullish.
If we break green trendline, Cup and Handle is out of play.
Dec. 3 - Green line support trendline meets Cup & Handle and completes, or fails.
I am not sure if all these bullish signs on the 4HR view are enough to begin the trend upward into halving on the Daily.
I do think we should be close to retesting 2017 ATH's around the halving in May 2020.
PlanB agrees that we should begin our uptrend soon. He sees it more than possible BTC going to $10K by year end 2019.
2017 highs were above the stock to flow prediction band on the chart (better than expected rally).
We are within the bands now, just like $100k future price is within the bands during the anticipated peak coming up. :)
twitter.com
BTC investors expecting to hold for anything around 2 years from today, in my opinion, should NOT worry about any 20-50% correction at this price.
Any 50% correction on the journey to a 20X return (2000% gain) is totally irrelevant.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
BTC - Entering Buy ZoneSell on the Daily but a Buy Long Term.
BTC looks like continued bearish consolidation BUT...we are close to the turn.
Looks like BTC may want to play down into the $6500 range.
However, it may not.
If you want a good price, but worry about getting left behind wait for price to enter anywhere under $7k and make small purchases.
Based on previous patterns and upcoming halving, we should be seeing a decent price increase into May.
It may take until late January to start the more rapid ascent, but this is more time to buy at low prices.
If you are thinking about the 2021 peak, this is an excellent entry point today.
I am expecting greater than 10X by December 2021 from current price levels.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
BTC - EMA Cross at $8k Sends Us HigherBTC overshot the support (like usual) and is bouncing back strong into December.
Confirms Bullish Trend -
RSI broke downtrend. Low and plenty of room to rise.
Filter Dots show bullish trend just started.
Intraday Momentum (bottom indicator) was totally bottomed out. Plenty of room to rise.
Bullish EMA Cross incoming on top chart around $8000. If we get above this, we should see bullish momentum continue.
200MA dashed line is slightly above. If we cross this dashed line, this will confirm bullish continuation.
Congrats to those who bought this last dip. We are still in an excellent long-term entry point.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
BTC - Turning Point - Going UPWe have finally reached the end of this descending wedge, suggesting a bullish breakout.
The price position in the bottom resistance towards the end of the triangle suggests breakout through top at end of wedge.
Daily candle today is flashing a Buy Signal.
RSI trendline is almost ready to be broken.
Fisher Transform flip to bullish occurred.
Bullish confirmation on Filter Dots coming momentarily.
Based on the pattern, by mid December we should stay above $7k forever. Yes, forever.
Bottom log trend line being broken would be a first in over 10 years.
For this reason, I don't feel we go below $7k ever again after December at latest.
I think that once we see a pullback in the SP500 and other overbought markets, this will drive cash flow to BTC.
Money doesn't like to sit still, banks have zero interest, stock market will be correcting, and riskier assets like BTC look more attractive.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
BTC - Futures Confirm Bullish Reversal Coming (Weekly View)Weekly view confirm that the downtrend is fairly exhausted at current levels.
Gaps below are all filled at this point. Only up-gaps to fill now, which indicates upward price movement.
This is confirmed in the shown chart by all 3 indicators at bottom. Ready for reversal.
I agree with PlanB that this is just normal BTC behavior. "It's just normal #bitcoin behavior. Note we are still up 2x YTD. And yes, S2F model is just fine, nothing out of the ordinary. "
BTC still one of the best performing assets of 2019.
twitter.com
Buy when there is fear.
Sell when there is greed.
This should be a clear buying opportunity.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
BTC - Rebound in Days or LessRSI is 24 on BTC currently.
Other indicators like Fisher Transform and Filter dots are at the lowest point since the Nov. 2018 selloff.
To me this signals we are at the bottom.
Rebound is not only immenent, if it follows the last dip to this point we should see 100%+ returns in the next 6 months or less.
We are currently resting on the pink diagonal support. We could descend further into the wedge.
The bottom red line support is a log support line from the beginning. I do not see us going down this far, although its possible.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
GBTC - Confirming BTC Bullish Reversal IncomingGBTC confirming BTC chart bullish reversal coming soon.
RSI is low, almost at 30 where it always pops shortly thereafter.
Fisher Transform ready to flip, same as BTC chart.
Filter Dots show bearish trend is exhausted and ready to flip bullish, same as BTC chart.
Gaps
Only down gap to fill (red box) is cut off by log support line which has over 20 points of contact.
Either we hold log support or go roughly 30% below support to close the gap. I feel this is highly unlikely, especially pre-halving.
All yellow boxes are up gaps to fill, implying we go up from here.
Price
Price is chillin on flat support of wedge.
Additional angled support/resistance combo line adds to support.
Cup and handle is rough here, not mathematically precise with handle at .618. But still fits the wedge, price, and pattern.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
BTC - Coiling The SpringBTC is ready to make the turn folks.
Get in where you fit in, or get left out.
Gaussian Channel is holding for almost a month.
Price has followed trend into the "Buy Zone" - $7900-$8600ish
Short-term support is holding with multiple points of contact.
I do NOT think we will go down to the log support line. In the past this happened 3 years post halving, which last was Dec. 2018.
RSI is ready to pop following a falling wedge pattern. This is bullish.
Fisher Transform ready to flip bullish.
Filter Dots are ready to flip to bullish.
Based on the chart and indicators I think we are ready to flip BULLISH in the next 3 days.
I also feel that once SPY and most market goes into correction given current overbought status, the money will need to go somewhere.
SPY at all time highs means pockets will be full of cash for high risk assets once the DJIA, NYSE, and NASDAQ markets starts falling.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
BTC - BUY HERE! - Ready to get BULLISH!Price stopped right at the bottom of the Gaussian Channel. Hmmm....funny how that happens.
This is the Loading Zone people. Buy this dip!
We might hang around here for a few days but anything $8100 or less and you will thank me later.
I have a feeling that SP500 and most equities are going to have a pullback right around same time BTC runs up.....Merry Christmas :)
The statement below from a man wiser than myself confirms SP500 is going down, and BTC is just getting started.
John Templeton - “Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria,” he said. “The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
BTC - Bitcoin Loading Zone - $7900 to $8600 OR December 1stBased on my technical analysis we are in a loading zone until December 1st or price crosses Gaussian Channel midline.
I consider anywhere from $7900 to $8600 an excellent long entry point.
If RSI goes to anywhere around 30 on the Daily, this is a excellent buy point given our current price.
The farther price gets away from Gaussian Channel midline, the stronger it whips back to center (and typically crosses).
Around Oct 20 price went above upper channel boundary, indicating turn to bullish.
We are seeing the retest of the center line before price crosses the midine.
If we look at the larger patter on the Daily, we are still in a Bull Flag or Pennant formation.
Everything is pointing to a bullish reversal here. :)
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure -
Long - MARA, GBTC, BTCUSD, GDX, VIXY .
Short - AAPL and SPY.
I will have some other short entries (Shorting or Put Options) I will be posting this week coming up for the Holidays. :)
BTC - Like Groundhog Day waiting for Buy Zone From the "Same Chart Different Day" Series I've been posting.
RSI stability from past charts holding from 11/8 until present (11/13 today).
Despite lack of volume and sideways price movement, we see stability in price and RSI.
To me, this indicates a turn or bigger move coming.
BTC only trades sideways for long.
Either whales are propping this up for a dump (pre-halving this doesn't make sense) or whales are re-accumulating between $7900 and $9100.
Crypto Fear and Greed Index is 38 (Fear / Low) - alternative.me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
