TA indicates a bull run is coming

[DeathAngel]

It’s been a while since the halving & we’ve been trading sideways with low volatility for a significant time now. I think the reduction of new coins mined due to the halving will have a really positive effect on the price soon. A violent upwards breakout would not surprise me.

[Febo]

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

I also believe bull market will happen as soon as uncertainties around covid-19 clear. There will for sure be huge economic impact of covid-19 next year no matter if we get vaccine very soon. But Bitcoin will still enter bull run. Next year will be for sure good year for Bitcoin.

[ScamViruS]

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

I also believe bull market will happen as soon as uncertainties around covid-19 clear. There will for sure be huge economic impact of covid-19 next year no matter if we get vaccine very soon. But Bitcoin will still enter bull run. Next year will be for sure good year for Bitcoin.

The bull run is not only starting for the current corona condition around the world. We will see positive results when the world gets rid of Corona's condition. Now the most important thing in the world is to invent a vaccine. Now everyone is more concerned with their own lives than investing.

And it takes some time to prepare for the bull market. If you look at the time of the next bull market after the previous halving then you will understand ৷ The bull market slowly prepares.

[serjent05]

it seems OP's prediction is supported by one of the tradingview BTC prediction. In this post : https://www.tradingview.com/chart/BTCUSD/c3saoQa4-BTC-Weekly-Outlook-FA-TA/, it was stated that a possible bullish trend might happen and even stated a key factor quoted below.

Key Fundamentals:
1. CME:
CME institutional traders’ net position remains similar to the level in mid-February 2020 (the BTC price peak before "black Thursday" 40% drop ), and it has been dropping significantly since BTC attempted 10k. For a short-term break above 10k scenario to work, we would like to see the institutional net positions reversing to an increasing trend.
2. Smart money action:
The on-chain smart money actions are now stable at a bullish level. This is similar to the on-chain developments before prior bull runs (long-term).
3. Miner action:
Both hash rate and difficulty are recovering, and miner capitulation is ending. With miner capitulation historically marking market bottoms, this is a bullish long-term sign.
4. Overall Market Sentiment:
For the entire BTC holding, the overall market sentiment is net long with low interest. BTC has seen more bull runs after periods of low volatility , and a deeper correction might be exactly what’s needed to give the market enough strength to continue to long-term bull trend.
5. Seller Group Only Market Sentiment (SOPR):
This group continues to sell in profit, indicating a long-term bullish trend .

You can check https://www.tradingview.com/chart/BTCUSD/c3saoQa4-BTC-Weekly-Outlook-FA-TA/ for the chart analysis.

[FanEagle]

I do not need these TA but I can say that we are getting ready for a stronger bull rally as per bitcoin is trading in-between price levels which is usually a confirmed gesture toward a stronger bull run. We had halving for the third time but following bull rally is still due because that is needed to test the current ATH within the year of halving. It is just repeation of history hence I do not need any TA to expect market to trade this way.

We are all expecting markets to break $10,500 levels but it is going to be broken over the time as market may launch prices into $11k zone straight away. Probably the usual pullback may happen only after reaching a new high since July 2019. So, it is time to get into FOMO regardless of pandemic or vaccination news.

[Hypnosis00]

I hope this something will work, not actually it meant to be real as the economic situation still at worst but can't just disclose that the crypto market is still healthy and soon to be bullish as I believe. If this Bitcoin adoption momentum will continue there are no doubts that we can reach back to $10k again. It only needs more time as we understand that the situation might hold the people to invest crypto as their main concern is all about health. This probably the reason why we even don't surpass the $10k wall after it drops back.

We are looking for more resistance but unfortunately, we are still keeping low which affects the trend and kept this current price range for a few weeks.

[Kelvinid]

snipped~

You got it wrong pal, Technical analysis and speculation are different. When it come to technical analysis, you rely on price action, structure, trend and volume unlike speculation is just an opinion or prediction on what will happen to the price. It is better to rely on technical analysis than on speculation because technical analysis can give you legit data and information that you need in your planning stage.

I rely on technical analysis when I do trading because it is working for me, I tried to use before fundamental and sentiment analysis but it doesn't work on me and I incurred huge losses. I do not say technical analysis is better and I only saying that it is the analysis that is suitable for me. There are still no signs that a major bull run will happen, the price is still consolidating and it requires massive volume in order to surpass its current resistance levels.

Maybe I am wrong and meant not to use TA because it is not working for me but to ask you where are your legit data coming from? Last year or last month? I'm sure it is not for the incoming because it could just fall into speculation, not TA anymore. And I'm sure you can't say that what happens last year or even last month will also happen today and in the coming days. Definitely, there is is a big difference as we are in the volatility market, keeping in mind that crypto is only just a speculative market, nothing will know what will happen in the future that makes me stand that TA's can't be truly effective.

[michellee]

The bitcoin price is not moving higher from the early of this month, and I don't think that the bull run will come in shortly. We need to wait for more because bitcoin price still needs time to increase and break $10k. With bitcoin price is at $9,234, bitcoin price seems slow to grow and back to $9,400, and maybe that will need longer than we can think. The prediction that we make needs to adjust more and follow what happens in the market, but that can not always work because it will always move.

[Onuohakk]

Am so much in support of TA technical analysis of bitcoin price. It's like he sees it clearly how bitcoin price will flow this year and next year. It will be difficult for bitcoin to break $10k price this year due to the pandemic.
Bitcoin price haven't gain much momentum to skyrocket above $10k this year, adamantly the price will keep falling below it. Hopefully by next year May/June the bull run will start

[Harlot]

TBH it's the first time I'm seeing this kind of triangle formation and it's weird to see but does this fall under the symmetrical type of triangle? Since those types are shaped like a triangular flag and it doesn't lay flat like this so I'm not so sure if there TA applies to both. If it is a symmetrical triangle pattern then your are right it already have broken the formation and right now it looks like a breakout. But what concerns me with this pattern is the lack of volume involved since it is one of the main indicators to confirm if Bitcoin is really on a break out or not.

[Cherylstar86]

TBH it's the first time I'm seeing this kind of triangle formation and it's weird to see but does this fall under the symmetrical type of triangle? Since those types are shaped like a triangular flag and it doesn't lay flat like this so I'm not so sure if there TA applies to both. If it is a symmetrical triangle pattern then your are right it already have broken the formation and right now it looks like a breakout. But what concerns me with this pattern is the lack of volume involved since it is one of the main indicators to confirm if Bitcoin is really on a break out or not.

Same with new coins I have right now, it's currently active at coinmarketcap, but it was unfortunate to see that in the trading site where it was listed doesn't have further good volume. This is very common nowadays, so I'm not yet comfortable that bullrun will happen this year or early 2021.

[sana54210]

it's TA but it's also probabilities. We need to think more about fundamental analysis as well as analyzing the economy around us to make a final decision. With the economy and disease still rampant like this, a quick recovery is difficult.

Fundamental analysis always includes world economy conditions and events. Moreover, we do not need any quick leap just progressive rising will be more than enough, by considering how pandemic is getting slow down everywhere, we can assume that bitcoin will start attracting investors like usually it will do before pandemic. Bitcoin is into a rare stable zone right now which may not hold for long due to its basic economic rules hence we can expect bulls get back into action very soon.

Besides, Bitcoin is still affected by the general economy and it does not have the deflation function as people often say. so I conclude that bitcoin will not be able to grow strongly in the near future, it needs to have a big dump first before it can rise again.

Its deflation characteristics alone helps it to hold into a stable zone rather than falling down against every 10 minute supply. The deflation thing will not disappear suddenly just due to the reason of world economy is not doing well.

I agree, always a big bump is the trigger for bull run and this time as well we need one. But, when new investors get back on board, progressive growth also will lead to recovery to get back into the current ATH zone.

Bitcoin price will drop to $ 8k2 or worse will be $ 7k3 in a few weeks.

Do you have any supporting analysis on this? Or just your guess works? When you are talking like this you must include technical view to support your points rather than sounding like mere FUD.

[Yamifoud]

TBH it's the first time I'm seeing this kind of triangle formation and it's weird to see but does this fall under the symmetrical type of triangle? Since those types are shaped like a triangular flag and it doesn't lay flat like this so I'm not so sure if there TA applies to both. If it is a symmetrical triangle pattern then your are right it already have broken the formation and right now it looks like a breakout. But what concerns me with this pattern is the lack of volume involved since it is one of the main indicators to confirm if Bitcoin is really on a break out or not.

Same with new coins I have right now, it's currently active at coinmarketcap, but it was unfortunate to see that in the trading site where it was listed doesn't have further good volume. This is very common nowadays, so I'm not yet comfortable that bullrun will happen this year or early 2021.

May our chance it very tin as the crisis isn't over yet but I could have to wait for that chance to arrive in the future. 2020 isn't a great year for crypto and seems too hopeless to think about bullish but we could not tell next year. Who knows, miracle will come and also halving will have to affect as well.

I believe OP is being optimistic with the market but TA's will also be wrong (mostly) compared to real scenarios. But even though Bullrun is quite impossible but people will trust Bitcoin as a market potential which is very important, not the price. Because people could still be profitable even though the situation isn't really good.

[STT]

We do have something of a breakout upwards, the big question for me is where to short it though.    Its not especially powerful so where does it fall back as its done previous.   This time could be different but generally I'm not inclined to think that. 



not shown on the chart but high prices today are the 50 day average.   We are above weekly and monthly which gives us the idea for now of positive sentiment, if it can hold this idea for the rest of today I'm going to think it can maybe go somewhere and challenge daily prior volume this year.

[Viscore]

I was not confident with the TA but I was hoping that it looks like that in the coming days. I was in bullish mind thinking for a huge spike but the market seems so difficult this time and we need to understand how the pandemic gives a huge x-factor in regards to the market trend.

To expect more isn't hard to say but the reality will tell where we are today and less possible to make it high. But it is not worrying, we can someday it fall but there is time also to recover. Things will be fine in the coming days and so crypto. And looking forward to seeing Bullrun back once again.

[barbara44]

Well, that didn't happen... Its 10 days later now and there is absolutely no bull run at all. I know that its not easy to make predictions and TA rarely ever gives results since if it was such an obvious thing every single poor person would learn TA and use it to get rich and nobody would be poor.

However, this one missed the mark by a mile. At the end of the day TA is something that "suggests" you something and that's it, there is nothing more to it, you have to deal with everything else on your own, if you do not make it then that means TA wasn't right that time but like I said sometimes its wrong, sometimes its right, you have to be careful and just make sure you are not going all in just because you saw something, what you saw could be wrong and would be your financial doom.

[TheGreatPython]

Your TA has become true today as we witnessed a sharp raising of BTC prices up to $9450 levels after almost 10 days today alone market showed some good bull's dominance. I was expecting to break $9500 levels but it seems like new intermediate resistance levels hence may not be broken on first attempt itself. Bitcoin markets managed to have new high in last 10 days but on checking month level, it hasn't surpassed the high of this July month; setting up new high will open door for more bullish markets in coming days.

I guess we are on the verge of getting vaccine for covid19 which must be the enough news for bitcoin markets to remain too bullish in coming months altogether. After halving, 2016's year end was too exciting with nearing then ATH hence I am just expecting similar market condition after this year's halving.

[exstasie]

Nice daily bullish engulfing yesterday. Doesn't mean much given that we're smack in the middle of a 2-month range, but what is really interesting to me is what's happening in other risk asset markets. Epic runs in tech stocks, gold, and especially silver:







In my book, this is a good omen for BTC.

BTC front ran gains in stocks and gold in April. We might see a sector rotation type dynamic develop here again (in reverse), where BTC stays in range while other risk assets rally. When they pull back, it might be BTC's turn to break upwards. This would be a typical risk-on, bull market dynamic, very different from the bear market dynamic where everything is correlated and falls together.

[carlisle1]

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

2 weeks after?what happened to that TA? is there any good indication now?sorry but it looks like nothing is coming to reality.

Thats why i never trust TA given by random people here in forum.

It’s been a while since the halving & we’ve been trading sideways with low volatility for a significant time now. I think the reduction of new coins mined due to the halving will have a really positive effect on the price soon. A violent upwards breakout would not surprise me.

Nothing that we can expect because Even Halving cannot make this effect good to the market.

Imagine how much is the stable price of bitcoin now?staying in 9k$ for how many weeks now.
 unless  we  all purchase  bitcoin now and  make  it circulate?thats  the  only way we can reach that goal.

[Silberman]

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

Nice analysis but the longer time frame in which this is taking place makes all the difference in the world, after a sharp rise we saw a stabilization of the price only to recover its strength and go back up, the circumstances are different now, the stabilization period is very long so I do not see any pump in the cards and when you add the health crisis and how badly the economy has been performing during the previous months then it makes almost no sense to see such huge pump.