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Pitchfan

Kin on a beast run once Bitcoin leads the packGuys this is only a speculative look at the possibility of the Kin platform on future Bitcoin peak price of $250,000 by the end of 2022 or the beginning of 2023. This is only my opinion and not to be taken as trading advice. Please manage your own risk and be cautious when investing into these platforms. I am using a pitchfan Fibonacci on this chart. I am also basing my opinion on the Kin fundamentals and how they are building out their platform and taking into consideration the ongoing Sec fight. Personally, I am not concerned with this Sec fight as Kin is a decentralized platform and well equipped to maintain this position free from outside source control. Yes, Kin could see a possible fine or a settlement of some sort or they can actually win this case in court and set a precedent on the Howey test used by the Sec for Security (stock) positions.
HITBTC:KINUSDLong
by altcoinb
2
BTCUSD H4 chartGood morning, traders. Since price is not making strong moves up at the moment, I figured we would be best served by taking a simpler look at the H4. The green dashed horizontal line is the monthly open. The yellow zone just above it has been an area of support/resistance throughout this corrective sequence as shown. Price tapped just below that zone's EQ, but we need to see price closing strongly above it to encourage greater upward continuation. H4 Stoch RSI is just now peeking out of oversold and RSI is slightly bearish at 42.5 after having printed a short bullish divergence at the recent swing low. So there is a lot of room for price to continue higher. The large descending broadening wedge continues to interest me. A close above its resistance should have price targeting the R2 pivot. The blue H4 demand below price continues to provide bounce for now. Traders can zoom into the H1 and lower TFs once they make this chart their own via the instructions below. They will be able to see the pitchfork, channel, and possible wedge resistance that I am watching, as well as RSI resistance and noted bullish divergence, etc. Price is above the descending purple channel's resistance, so the target should be $10420, just below the M30 pivot. Zooming out to the D1 and D3 TFs, traders will note the pitchfans. These show the ascending support and resistance levels based on the inputs (the points that they are drawn from). They suggest that a close above the June swing high should have price targeting $30K at least. However, they also suggest that price may challenge the ~$9100 swing low again before heading higher. D3 and D1 RSI are near their descending resistance, so a sudden strong buy could provide the catalyst that sends price following through higher into the beginning of next week. Without it, though, it seems that price may need to dip lower to pick up liquidity to get it going. The weekly TF shows the recent hidden bullish divergences that we have been watching. A higher close this week should confirm the most recent one which would, then, support continued price appreciation through the end of next week. The daily candle is looking good so far and if it closes like this it suggests that price could get a bounce toward the daily pivot at the very least. _____________________________________________________________ Be sure to hit the "thumbs up!" Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own. When you do, be sure to explore the other TFs to see what I'm watching on those TFs.
COINBASE:BTCUSD
by Chris_Inks
$400-820K by Fall 2025In Bitcoin's short history, we've learned a couple of things that may remain consistent throughout Bitcoin's future (at least until the volatility decreases). 1: After each bull run, there's approximately an 85% correction 2: During the first two 4 year cycles, the angle for the top of the bull market (peak price) has decreased from 56 degrees to 39 degrees, which is a 70% decrease in peak price. 3: The 200 week moving average (shown in purple) has provided some major support throughout the bull and bear markets. 4: The 20 week moving average (shown in pink) has provided some major resistance throughout the bear market and support throughout the bull market. With a decreasing angular projection of future price at 27 degrees from the current low of $3150, we can forecast the range for the next bull market do land somewhere between $75K and $370K which will occur in the latter part of 2021 or early 2022. Why such a wide spread even though we know the angular projection goes down by 70% in each cycle? Simple. We have yet to see crypto become mainstream, everyday usage technology, like the smartphone and internet. When it does - and it will in the near future, we have to account for the hype and rapid adoption at some point, and I believe it is going to come in the next two cycles. Decreasing the angular peak projections by another 70% to 19% for the bull run starting in 2023, we can project the next peak to occur around the latter part of 2025 and range between $400k and $820K. At this point, the volatility will be very low and the price will continue to rise to around $1M over the next 4 year cycle. Hoping for the $370K and the $820K. (;-) CryptoJammer
BITSTAMP:BTCUSD
by kwgumuc
OMG - Elliot Triangle completed - Uptrend about to startDear community, OMG USD caught our intention due to its sane corrective behavior on top of strong fundamentals on the technology side. Assumptions: - Completion of Elliot Wave triangle. - In last segment of resistance (see Pitchfan) - Triple bottom within the triangle -RSI oversold and at bottom - Great R/R ratio Stop Loss: $7.6 SL to be readjusted to break even after 1st is achieved and so on. Target profits: TP 1 --> $11 TP 2 --> $14 TP 3 --> $17 TP 4 --> $28 This forecast is not a financial advice, study, exercise yourself, put into question your reasoning. Well, strive to be a better trader tomorrow than we are today. All the Best from the Crypto Space Alteroc AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai twitter.com
BITFINEX:OMGUSDLong
by Alteroc
3