BTC Short, then LONGI think BTC is going to short and maybe hit and test the $5000 price point before making a bull run back to 10K right before the halfing and after I believe BTC will go long.
According to my calculus based analysis of the market, right now were in a Neutral zone on the day-to-day. Both derivatives are pretty much at zero indicating a neutral day-to-day, but I definitely expect that to change with todays closing price, that will give the best indicator as to the velocity and acceleration of the BTC price.
Also trying to get enough reputation points so I can chat with everybody, I need 5 :)
Short-btc
Ethereum Classic Heiken ashi in a chop range but still looks like it could be upward continuation
Renko on the bottom is showing a double bottom cup pattern
Order book seems in favor of the bulls
I don't have a crystal ball but if this trend continues I think we could top out in the mid $20s but that is just complete speculation based off Fibonacci extensions
BITCOIN IN PERSEPECTIVE+++++++zoom out to get the whole picture++++++++++
Hello and welcome to a quick idea which I was thinking about.
-This logarithmic Bitstamp BTC chart provides information about a long term trend.
-We are observing a weekly timeframe.
-4 BTC-halvening´s are displayed by the vertcal lines.
-100Moving Average and 200MA are important indicators.
-Important key levels are represented by the dotted lines.
-One brown line implies a downtrend chanel with two local top´s at 20K as well as 14K.
-RSI which currently demonstrates overall weakness in the market.
In this chart I would like to demonstrate how vulnerable BTC can be and how lower lows are still possible- even below 1K.
We have bounced of the 3100$ Level on December 10th 2018, after which the bullmarket of 2019 began (3-14K in 6 month).
I extended the blue line 200MA which could a possible bounceing point during this retracement.
BTC already broke the 100MA (red line) on November 12th 2018 to the lower side.
Volume is decreasing, which could be a sign of a cooldown, finding a bottom soon...
The top of 14.000$ was touched once- we did not confirm higher highs- which lead us to think about a continuation of the current retracement/downtrend.
A possible bounce could happen on the 200MA, which I drew as an extension when Bitcoin hits 5000-6000K it in early 2020. We could see another spike up at that point, which could respect the brown diagonal and create a third top by June 2020 (20K, 14K, 10K).
What do you guys think about this idea? Let me know! This is it already for today,
your quality-trader