I don't claim to be right all the time, but i tried to warn y'all!  Well don't say you weren't warned about this rally, you knew it was coming right?   I don't claim to be right all the time, but i tried to warn y'all! |
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Another exclusive analysis for y'all. Remarkable similarity between today and the June 2019 bull run. We might have another leg down first, especially due to covid fears but it's unlikely to go below $8500. After that, the rise will be sharp and swift, blink and you'll miss it  |
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We have a bullish 3 day ascending triangle which usually breaks out just before the apex, but in this case it failed to materialise. Interestingly, the break downwards is only partial in that is hasn't dumped yet and we have reached the apex.  Price movement is now non-existent so direction still isn't clear either way  However, as it failed to break upwards on 2 occasions the momentum looks slightly in favour of the bears, but without that break downwards at the apex it is still unconfirmed |
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I don't claim to be right all the time, but i tried to warn y'all!  It's now hovering around the $9300 range but i suspect we will see more pain soon with a zig zag pattern downwards. It also fits in with a popular Elliott Wave theory that bitcoin is entering the final phase (Wave E). So after the final dump down to whatever price - it will rise up to ATH. |
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At time of writing it spiked up to $9950 so still in the green and purple bullish channel shown above by dragonvslinux. Volatility is very low and thinning as shown by hugeblack indicating that a sharp move in either direction is imminent. I'm thinking a spike above 10k before a major dump towards 8K, below that is anyone's guess Another chart here with a potential double triple top (a non technical term i just made up ) https://bitcointalk.org/index.php?topic=5254735.0 |
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It looks like bitcoin has failed on so many occasions to breach 10k that a triple top could form both monthly and weekly!  I guess it depends on how much gas is left in the tank for these bulls, it might push upwards but the technical analysis doesn't look overly positive. If history repeats itself from Feb, we will see a sharp drop as shown in this bearish chart (see link below). If 8k fails to hold then get your cash ready for the final chance to buy in! https://bitcointalk.org/index.php?topic=5254210.0 |
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It's always hard to figure out where bitcoin is heading so i have added short-term charts here https://bitcointalk.org/index.php?topic=5254210.0If it does dump which the short-term charts show is likely to happen then this EW theory will also take place If bears win the short term battle and break the weekly uptrend (below $8,600 or ideally $8,100) that's a likely confirmation that Wave D is complete. Per EW rules, Wave E should either be a zig zag or a contracting triangle, so I like the OP's idea of a "triangle within triangle" into the end of 2020.  Neither until $10.5K or $8,600 is broken with authority. This range loves to troll, trapping traders in both directions. I am not trading much at this point. Too unpredictable. A quick upside to $14k once the $10k barrier is breached so tethering at the right time is going to be challenging Using a log chart I see the long-term downtrend line as different, but similarly that we have arguably closed above it and holding support. But this is purely on the basis of price not breaking down and the downtrend resistance merely shifting (as it has done so already in my opinion with the previous $10K breakdown). Is yours a linear chart btw?
Yes it's linear, I'm using candlesticks and then zooming in and out on certain months to get the right range of patterns. Not that there is any pattern that is is always right, but it's one of several indicators that can help |
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Following from the long term charts here is the short term version: Bearish - I don't think anyone has noticed but we have the same pattern in Feb that we have now!   If it follows the same trajectory, it will pump quickly to 10k, followed by a major dump towards $8500 On the bullish side, there is a very clear ascending channel and a clear path to 10.5k in the near future  There is a bullish sentiment right now, so a pump to 10k looks likely, but looking at the bearish chart it might not hold. Keep your finger on the trigger and get ready to tether!! ( long term charts are here: https://bitcointalk.org/index.php?topic=5253915.0 ) |
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My analysis shows why there is deep division on where bitcoin prices are going next. Both bearish and bullish charts look to be correct! The BEARish chart shows a series of descending triangles, and a triple top. So it looks an imminent dump, and maybe Sept at $8800 or Jan 2021 at $7500 for a breakout?  On the other hand, it might have already broken out of a large descending triangle, and is on it's way to a bullish breakout  As you can see, both charts appear to be correct, so which one do we believe?! |
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I think we will see the prices triple in the coming months. Doubling is easy when bitcoin runs and a halving event takes place. Litecoin will still lead the next charge despite pumping already this year
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$2000 can net a lot of coins, right now i'd put it on litecoin due to the halving which is due to take place in a few months time. However, if you're looking at low market cap, GMAT (gowithmi) just got listed on GATE.io so that is just beginning it's pump and has a really low market cap
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Testnet is going to be released soon which means cardano is going to pump. Best time to buy is now before a bull run and a testnet. Looking forward to seeing some positive results from the team and most likely a price hike
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Amazing to see that this project is pushing forward and got itself listed on a tier 1 exchange. Normally these ICOs end up on low end zero volume exchanges. GMAT can be found on GATE with ETH and USDT trading pairs https://www.gate.io/trade/gmat_eth |
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This is why HODLing is the best option if you are not experienced or fast enough to trade. Missing out on these key points when the prices fluctuate could mean that you lose your chances of hitting the big time when it goes parabolic
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Would be great to see bitcoin usage for uber and apple products, but they will probably create their own coins when crypto really goes mainstream. When facebook launch their own coin, everyone else will follow
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Litecoin is soaring and it is often known as the testbed for bitcoin. The price around the litecoin halving will be replicated at the bitcoin halving so investors are going to switch later when the time is right. They know bitcoin is going to moon next year
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Let's get ready to see him move those original bitcoins from the genesis block. The pressure is on now, either move those coins or end up in jail. Let's keep an eye on those wallets, been waiting years to see someone move it
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Don't worry, they just found a bug in the code so they are spending time on sorting that out. Afterwards there will be more updates i am sure. It is now a usable product so it is a case of marketing it to the masses
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Russia should start to embrace bitcoin and other crypto currencies if it wants to regain it's status as a super power. It has lost the cold war and the economic wars, the only way to win the next one is to start stockpiling and mining crypto
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Just keep buying when spare cash is available. Trying to find the floor is a futile exercise with so many people or self proclaimed experts saying the floor is xyz, in fact most of them are completely wrong
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