Dan_Wang

Dan_Wang

Price target estimation is purely based on monthly price actions by using the measured move. I also used it on the previous 2 bull market cycles and the results are promising. Here is the prediction: BTC next bull run price ATH target estimation: Min: $126299 " fair value" Max: $289687 "bubble phase"

Dan_Wang

Just want to do a prediction for ETH/USD for fun, will come back and check the accuracy in the next year or two if ETH still here. The concept is simple, based on price action with the measured move. If ETH can break the 2018 ATH, my price target will be: Minimum: $12447 Maximum: $46305 based on the last bull run bubble Let's see how high it can reach in the...

Dan_Wang

We had a great run from the past week, BTC broke 13K level and almost touch 16k. Now the price has been consolidating around 15K area, what shall we expect? Weekly: strong up trend momentum, I think we might have one or two upside potential before top off this cycle, if you compare the RSI level to 2016, 60% chance i will say. Daily: Traders are taking...

Dan_Wang Updated 

BTC finally shows some potential big movements recently. Based on the current price action and funding rate analysis, more and more traders are becoming bullish, short trader has been liquidated last week or so, they are beginning to tuning bullish. Bulls are keeping buying the small dips. Since the price broke the 12000 levels and has not retraced yet, I assume...

Dan_Wang

It has been a while since my last post. I decided to take a break and refocus on learning price actions. Well so far it is doing great to me, love to add more tools in my toolbox. Let's take a quick look at ETH here, I put the highlights on the chart, noting to worry or take action so far, we are now in the trading range. If you would like to swing trade, the...

Dan_Wang

A re-accumulation phase could be possible for BTC/USD before another big leg up. just like what happend during last consolidation. Be ready, there is 50% chance we go up or down if we keep sideway motion.

Dan_Wang Updated 

BTC is in consolidation mode, we are experiencing an unexpected altcoin season ahead of bitcoin bull run. Lets take look at one of the coin in my watch list BNB is in a falling wedge pattern. If you look at the history in weekly chart. We had serval falling wedge pattern during the previous BNB bull market to set off another potential break above the wedge. I...

Dan_Wang Updated 

I was reading my newly purchased book " Technical Analysis of the Financial Markets by John Murphy. One of the best technical analysis books I have ever read. One of the chapter talks about price patterns which I have never learned from the professional analysis instead of the "online gurus" in youtube and tradingview. One the famous pattern - Head and shoulder...

Dan_Wang

DGB volume has been decreasing recently close to the trangle pattern apex. A break up or down will trigger significant price change. Let's see how it goes. Be aware there is a weekly resistance align with the top triangle.. we need to break up both resistance to be super bullish.

Dan_Wang

Yesterday I posted a BTC analysis based on the daily and 4H price actions. This morning, both SP500 and Crypto shows recover sign. Again, large cap crypto like BTC and ETH are still highly correlated with US stock market for now. In my past analysis I mentioned ETH seems like a leading indicator to BTC( it used to be LTC), and ETH has more clear trend and...

Dan_Wang

I have turned bullish to a little bearish recently based on recent BTC price actions. If you look at 4H and daily, it looks week and buyers are leaving the market. Unless we break the upper resistance and create a higher high, we could range-bound or break down even further. So , for now, I do not have any BTC in hand, I have cash ready to buy when it drops to...

Dan_Wang Updated 

Not much to update. We had a sell off yesterday, along with SP500. Usually its because of the fear of the market sentiment. As a swing trader and long term BTC investors, the best time to buy bitcoin is 1. BTC big drops into support/trendline 2. BTC is under minter capitulation phase. If you don't believe me, go study the whole history of BTC accumulation...

Dan_Wang

I have draw those 3 scenarios, look at the ascending triangle pattern, I think we are bullish, need volume to push through the resistance. Or maybe we get a final shake out before the bull run. Break below the trendline will be bearish of course. So which way would you bet?

Dan_Wang Updated 

Well , since I believe ETH is the leading indicator, my bias to BTC in the next few weeks is bullish as well( I could be wrong! ) But from the 4H TF , I think BTC is neutral to bullish. we are not only making lower high, but also break out the 9300 resistance, plus MACD up trendline. The sentiment is slightly towards bullish case now. However, we need to make...

Dan_Wang

I am very excited to see ETH holding strong after BTC halving event(usually ETH will dump with BTC). up until now, ETH just broke the downward trendline. the volume is increasing, MACD is turning bullish. I will start nibbling my positions from now on, hope ETH will retrace and I can get better price. Another important observation from my view is, ETH seems to...

Dan_Wang Updated 

Bitcoin faces the trend line resistance again, now the price action in the lower time frame shows the trend is getting weaker after halving . The past week you can see bitcoin is kissing the overhead trend line multiple times but failed to close above it. The MACD , volume shows bearish in daily. Fundamentally, the hash ribbon seems to have another cross over...

Dan_Wang Updated 

We are about 2 weeks until the halving comes along. I will say people are starting to feel bullish recently. Let's not predict the future by the news event, as a good trader, we need to combine both technical analysis and fundamental together to make odds in our favor If you have not read my previous BTC analysis, you have been missing out on big profits. I am...

Dan_Wang Updated 

It has been a while since my last post. BTC plays out like I said. We bounced off the 200 weekly MA and now facing some resistance. "gurus" are so bearish and they think bitcoin is going lower, retail investors who follows them says" I will buy back when its 3000,2000,1000...." yeah right, where were you when it's in $3500 in late 2018??? You hands will be so...