I think we will have the greatest wealth transfer in human history, but before that I suspect there will be some nice buy oppurtunities in the current market.
The correlation between the S&P500 and Bitcoin is quite big, which is why I suspect BTC will go down to these areas along with the next equity market downturn.
Still got most of my crypto portfolio, covered...
Hello my friends!
Situation: Bullish signal still valid. We see a bull flag with 2 possible fakeouts down. New ATH in 2019 is possible. btw i added btc.
Let's see what happens.
Happy trading. :-)
Well, overall BTC-USD is in sideways with the break of 11k trend confirmation will be in our hand till then we ranging between $9300 - $12500k.
in case of a bigger correction, we should see $7300 - $6500 range.
let's see how it will play.
Hello my friends and follower!
Situation: Sideways, near end of reaccumulation, further slow up.
Possible buy at 4 HOURS based on my technical analysis:
- Buy signals from my oscillators based on MA, EMA, LSMA, RSI and STOCH (Uptrend)
- Above LSMA310 15 Minutes (aqua line) - short term support, can be used as a buy
- Above LSMA310 Daily (whitle line) - long...
Maybe it's easier than we all think. And we could have a simple W formation ahead. Many expect Bitcoin to fall further. I might be. But there are still many indicators, speaking for bullish. Many people wish to be able to buy cheaper Bitcoin. I see a bottom here, max. a little bit lower. So we have now a good buying zone. After the W formation we can see a sharp...
Now we have a clear picture where the correction could end. On the one hand in the range from 9500 to 8900. If this range is not strong enough, on the other hand the lowest point is at 8200.
Depending on how we draw the fibs we come to a similar result. The Fib 0.5 from the start of the uptrend is around 8500. Bitcoin often goes back to 0.5....
We are currently seeing a perfect correction.
The top at nearly 14K was the end of the 5th wave.
New target is Fib 0.5, as so often at Bitcoin.
First down was around 10K (weekly pivot).
Second at 9.6 K (0.618). With a back movement to 0.786 or weekly pivot. This movement should be completed shortly.
Then the last correction phase will start.
Target now is...
if you look at my post from yesterday, you can see the 13.000. we went the way straight. okay. i thought we'd see a little backswing before that. now we've reached 13.000. so we've reached r2 at pivot, at fibs 1.414 and in fib-band 1.692 (1.618 extended). so now comes the correction. several options we have now. 0.786 = 10 - 11K, 0.618 = 9200, 0.5 = 8000. my big...
If we look at the Fibs, we see that the last corrections were always down to Fib 0.5. For a short-term correction this would mean a range of 10K. If we look at a correction since the run started, we'd be at 7-8 K.
Many write in their posts that it will continue to rise. Yeah, that could be for sure.
Since the beginning of the year, the price has risen. So we...
Lately I've been holding back on posting, too much speculation and shouting for 10K and 12K. Of course this is still possible, but how likely is it after the last move? All of us instinctively knew that a correction was overdue. Only the always same Crypto-Hype has pushed the Coins - especially the Bitcoin - in the last days more and more upwards. The stock...
Expecting the range to break to the upside. Downward momentum is super weak on big timeframes. Shorts are likely to get punished shortly ;). I do expect the new uptrend to be rocky as any new trend is in the beginning. I expect the next uptrend to lead to >$20K as the momentum on the last move to 20K was the highest ever and should have a followup move to push new highs.