BTCEUR, Strike next positions for Buy or Sell on CoinbaseThe bearish trend is confirmed and continue.
- Don't buy now.
- The checkpoint to control the trend and open (buy) or close (sell) positions at
- 9.800 Euro
- 8885 Euro
- 7724 Euro
MACD: Instant Time Frame - It is confirming Downtrend
RSI: Time 1D/1H - It is confirming Downtrend
DMI: Time 1D/1H - It is confirming Downtrend
Bollinger Bands - on Low Band
Parabolic Sar - (on Upper Position)
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Btcprediction
BTCEUR, MACRO ANALYSIS, COINBASE PRO In this first level analysis, a defined triangle is highlighted.
BTC is in a macro wave that resumes the motion of the previous one but with lower values and it is foreseeable that it will continue to go down to the level of the main supports.
If in this descending phase the Maxima will be lower than the Minima then we will be in a BULLISH FLAG PATTERN (highlighted in the triangle). If the trend of the intervals between Max and Min decreases as it proceeds downwards then we will see a very marked Bullish that will start in the area corresponding to the BUY ZONE or perhaps even earlier.
Otherwise, a fall may occur up to the lower support (B). I think this second option is unthinkable because I don't think any of the traders are willing to sell their BTCs below cost.
- So scenario (A) is more likely to occur.
BTCEUR, Short Position Exit Strategies and Value 3 Checkpoint We can observe 3 different levels of resistance (Check Point) for planning your exit strategies in Short Positions.
Read the value on the ballon in a Chart for planning the correct strategy in a Short Position.
if one of the levels starts working as a support then I advise you to go out and change strategy.
For me, we will buy around 9.800 and 8.700 (Re-Buy zone)
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BTCEUR. Possible Downtrend channel COINBASE PROI still can't decipher the real market conditions. However, if the trend is confirmed, I believe this is the possible operational scenario. The input and output values are in the graph.
Wil can see in the next hours if the maximum values going in down slowly.
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Watch for the reversal - target 19kPossible long entries - 10.4k, 9.9k, 9.4k
I didnt see anything below 9.4k at the moment.
Right now btc is at strong support of 10.4k
If btc goes below 10k ..that will be your last chance to buy @4 digits
Im expecting btc will try to break its ath in this year around late august/early september(possible double top formation)
PS:
Im not a financial advisor
Do your own research before investing
Zooming out 1hr timeframe, possible price action scenarios.Observations:
- BTC has been traveling between a 2% price range for about a day and half.
- Currently being rejected from 4HR exponential moving averages.
- Daily volume dropping, possible bear flag formation.
BTC is currently traveling within a $100 range (5k to 5.1k) zooming out can give us a better picture of where the price might go depending on the type of break we get.
Game plan & possible scenarios:
Maximum risk R:1 = .1% account value
Seeking a minimum RRR of 2:1
A break below 5k might have us retest the bottom of the channel that we are currently traveling in around the low 4.8K area, giving us a good entry if support holds and price doesn't break below dotted red line(stop loss below), we might be looking at a possible bounce towards the top of the channel 5.4k area... If price is not able to get above the exponentials in the 4hr I believe that our possibilities to break 4.8k level will increase, pushing BTC to the lower channel, and confirming the daily bear flag. (Please keep in mind we are currently traveling above daily exponentials and they can at as support)
Taking this into consideration I only feel comfortable entering a trade in BTC off support, taking a break out with this volume increases the odds of being faked out, unless the bulls break the 5.1k and price gets above the 4hr exponentials, even after that I did not obtain a 2:1.
The only breakout I am currently interested will be a break above 4.5k with heavy bull volume behind it.
Please keep in mind this are all hypothetical scenarios.
Disclosure:
Please keep in mind that this are simply my ideas on the market, I am in no way shape or form qualified to give anyone any financial advise. All I'm looking for is to become a better trader with time and the only way too do this is to post what I am looking at and take criticism from those of you that been doing this for a very long time, having said that please feel free to call me out on any mistakes, or incorrect analysis the best way to learn is from each other as a community.
BTC Halvnig: statistical price analysis - 150 000 USD?New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a "halving".The halving decreases the amount of new bitcoins generated per block. This means the supply of new bitcoins is lower. In normal markets, lower supply with steady demand usually leads to higher prices. Since the halving reduces the supply of new bitcoins, and demand usually remains steady, the halving has usually preceded some of Bitcoin's largest runs.
Bitcoin currency is because of halving deflating. Normaly when the need for money is bigger banks print more money: because of that inflation of currency can happen. That means the money isnt worth anything. Currency prices skyrocket by the hour. This has happened many times in course of human history. Bitcoin on the other hand has limited supply and every halving means that the price of 1 bitcoin has to increase to cover the cost of mining. Many times has been said that after the halving nothing will happen or miners will stop to mine Bitcoin, that just didnt happen.
I got inspiration for this analysis from a youtube video published in 2015 before the halving of 2016. Man in the video has predicted that the price of BTC will skyrocket after the halving because it has happen before. At the time he was would be probably proclaimed to be insane, but still here we are in year 2019 and the price is 5000 dollars. If you want to see this video which is fascinating on the fact he was right you can acces it here: www.youtube.com
In my statistical analysis I covered how much has the price changed in the folowing years. I took a measurement of 3000% increase after halving and tried to implement it in today price. On first graph i covered price from the first halving on BTC until 3000% increase.
On my second graph u can see that 3000% increase in price also happened but it took BTC more time.
Third graph shows the halving that will happen on 21.05.2020. I took base price range for today BTC price. Until 21.05.2020 price will surely change.
I simply added 3000% increase in price of today and got a price 150 000 USD.
Assuming that the price will change until 21.05.2020, and it would be 20 000 USD which I think it could be, then 3000% increase would be = 600 000 USD. Crazy right :D
BTCUSD - Mid-term price predictionAs i said in my last analysis - bitcoin is still bearish. But i am a believer in bitcoin and i think we are in the last part of the bear market before we see the return of the bulls. I think it is not possible to catch the bottom exactly. So i try to find an area for my longterm investment. I used a fibonacci-projection for the first target zone. In my opinion we will definitely reach this first area. In a longterm perspective it does not matter if you by btc for 2.800$, or 2.700$ or however. Reaching this area i will beginn to invest. Catching the bottom is a nice dream but you have be lucky.
The second target zone is not a duty. Will btc bounce an reach the second target zone later i will by bitcoin again. My strategy - cost average. At the moment i don´t expect a btc price below 1.800$.
This is not an investment advice, i just want to share my thoughts and strategy with you.
MTL : Ready for the MID term Profit OpportunitiesAs stated below MTL achieved all our short term targets and now is ready to rally for the mid term profit upto 100% profits. We will update the status soon. Stay tuned.
#SignalAchievement #TargetsReached
#Pair : #MTL / #BTC
All our MTL short term targets are achieved within 6 days.
A total of 20% profits for short term traders.
Reached : 7120 sats
Total Profits : 20%
Total Duration for Achievement : 6 Days
With Regards.
Team TWA.
Target 1 : 6320 sats
Target 2 : 6550 sats
Target 3 : 6740 sats
Target 4 : 6920 sats
Target 5 : 7190 sats
MODUM : 2nd Target Reached. Trying to create its 3rd wave.Target 1 : 916 sats achieved.
Target 2 : 1005 sats achieved.
Reached : 1019 sats.
Total Profits : 30%
Duration : 4 Days
**A good volume spike make MODUM to achieve our second target on the 4H chart. If it can close above the resistance line at around 916 sats we might see another leg up elliott waves creation. Keep an eye on it and use trading strategies whether to minimize risk by using stoploss or by ordering selling point near the 2nd and third resistance points.