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Bitcoin's road into 2032This is the most conservative and optimistic outlook short term as long term I can think of as provocative as it may look... This chart incorporates data from 2014 up to 2032 influenced by fundamental ideas stated in "The Bitcoin Standard", macro analytic data from Martin Armstong's study "The Economic Confidence Model", chart patterns inspired by Opticalart and the ideas stated in Tyler Jenk's article "The Long And Winding Road To A $10 Million Bitcoin" as well as his Hyperwave study that predicts a return to the $1000 base at some point during the capitulation phase that I think has yet to happen. According to the seen drawings, capitulation should take place around December this year with a sharp violent bounce back to the $5000 mark followed by a year-long stagnation and momentum built up in the $3000 range and a slow but steady rise back with $20000 highs being broken during '24 and the final move towards first $500000 by '26 and then 10$ million by '32 entering Armstong's next economic cycle with Bitcoin becoming the global reserve currency.
BITFINEX:BTCUSD
by ZtCedric
BTC at critical level,holding above 8400 for a possible reversalHi, guys, the market is in a gloomy mood. Pump and dump have occurred from time to time for the last two weeks. Overall, BTC price has gone through a measured downtrend movement for the time period which is not friendly to traders, because not volatility means no trading opportunities. So any hope of a turnaround this week? Let's walk through the technical picture first. The weekly chart looks bearish as the push-up that happened at the end of October has almost vanished, topping at 10500. And bearish pin bar generated in the last weeks clearly indicate selling force has overrun BTC. Daily Chart is very weak, with an orderly slide to 8400 over the last two weeks, whereas no quick slump shows the market is not panic anyway. RSI comes down to 40, sitting at the trendline. So, in the daily picture, BTC is not oversold and may still have some downside room until the panic price movement crop up. Anyway, $8400 is a very critical price level. Once broken, the bear will definitely push the price down close to 8000. Low volatility indicates the ongoing choppy move may soon come to an end.
BITMEX:BTCUSD.P
by UnknownUnicorn3838311
Q4 Bitcoin analysis, weekly chart forcast from line break chartSimple and to the point. 1.Currently we are sitting within the $8000 range 2. 20 day moving average of $8120 is acting as strong resistance 3. Bearish sentiment has set in on the MACD and RSI 4. As of right now Next level of support is looking to be $7850 5. Failure to hold $7850 could see a further decline to the 50 day moving average of $5700 6. Possibly within the next 3 to 6 weeks another selloff will occur. 7. Based on current trend, I'm looking for a buy in around February or March of 2020
COINBASE:BTCUSDLong
by ILL_Midas
Possible AUD/USD Short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-4 Days Actions on - A – Activating Event Market will meet resistance in zone @ 0.7046 - .... and fall to the 0.692 . In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 0.692 FX:AUDUSD Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 0.692 Target 2 @ .... Risk/Reward @ 3.5.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
3