Bitcoin goes for 19000 USD !!!believe me I'm foreteller !
As I said at May 19, Bitcoin going down to reaches 19k. There are many evidences confirm this descending trend but we just consider technical analysis here!
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since May 2020 we saw MA50 above the MA200 and now since June 19 we seeing MA50 under MA200 with a significant slope.
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We have a strong resistance here at 29k-30k channel and if the price breaks it to downward, reaching 19k is achievable.
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God bless you
Btcsignals
Has BITCOIN seen the top? Halving Cycles and Diminishing returnsThis is not the first time that I have used the Halving-centered approach to my long-term analysis. You may find examples of previous research on the topic at the end of this study. It is however the first time that I will illustrate the data on the linear scale instead of the logarithmic. This allows for an interesting comparison.
As with previous studies, I have classified Bitcoin into four (4) Cycles:
* Cycle 1 starts on BTC's Genesis and ends on Halving 1.
* Cycle 2 starts after Halving 1 and ends on Halving 2.
* Cycle 3 starts after Halving 2 and ends on Halving 3.
* Cycle 4 starts after Halving 3 and ends on Halving 4.
Each Cycle's Top is consistent with the Theory of Diminishing returns. That suggests that each of Bitcoin's Cycle Peak is lower than the previous one, offering diminishing returns (ROI) over time:
* The scale on Cycle 2 is 40x from the previous Cycle (Cycle 1).
* The scale on Cycle 3 is 20x (50% less) from the previous Cycle (Cycle 2).
* The scale on Cycle 4 is 10x (50% less) from the previous Cycle (Cycle 3).
The model suggests that as the current Cycle (Cycle 4) is still on its start, it still off its Diminishing Returns Target by a big margin. Assuming the target is a level lower on the scale, $150000 seems like the model's target on the current Cycle.
Do you agree?
Examples of prior literature on the Halving approach:
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Bull Market Restarts November 2021 The general sentiment seems that Bitcoin will be going to 20k and that the bull market is over. I strongly disagree until we start closing daily candles under 30K. On-Chain analysis shows that there are more stable coins on exchanges than ever before ready to buy.
There is a new trendline that is developing right now and so far we have a couple of reaction points on three different occasions.
March 2020 (Trend starts here Covid crash)
October 2020 (The start of the bull run)
June 22 2020 (The current local low for Bitcoin)
Fib Date - 5th November 2021
This is an interesting Fib date because it lined up with my trendline and it could very well be possible that we break the 8/1 Gann ratio around this time.
The two orange dotted lines are potential resistances that so far have had a lot of confluence and finally the red dashed line which lines up with the break down from the head and shoulders formation in May 16th 2021.
If Bitcoin holds the orange support line we could have very well pinpointed a timeframe when the bull market would restart , as I have said many times on on my previous TAs the bull market does not restart till the 8/1 Gann Ratio is broken and retested as support.
DREPBTC Has Broken Above the Resistance H12
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Hi Traders, DREPBTC on H12 has broken above the Resistance by a large green candle, it seems it’s going to retest before it continues higher. On the lower TF we can look for potential entries around 0.00001275
⬆️Buy now or Buy at 0.00001275
⭕️SL @ 0.00000984
✅TP1 @ 0.00001844
✅TP2 @ 0.00002247
✅TP3 @ 0.00002943
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BITCOIN Channel Down or declining Head and Shoulders?Bitcoin has entered since the June 22 Low a new tight range, with the 1D MA50 (blue trend-line) acting as the Resistance that keeps the price that low.
Those Lower Highs created by the continuous push of the 1D MA50 are practically the technical characteristic of a Channel Down. And if we ignore the wicks on the candles that made every low since the May 19 crash, as well as the June 13-16 sequence that is outside the formation, then the pattern is indeed a Channel Down.
If we include this sequence though then the pattern can be interpreted as a Head and Shoulders on the decline.
What is absolute though on this 1D chart, is the CCI and the fact that it has been on Higher Lows since the May 19 crash. Every contact with this CCI Higher Lows trend-line has resulted into a relatively strong rebound for BTC.
If that trend-line holds and no Lower Low is made then I see strong probabilities to test the 1D MA50 for the first time since May 12 and if it breaks, go after the 1D MA200 (orange trend-line) which will restore the long-term bullish sentiment. On the other hand, a CCI Lower Low can bring another 2-3 day selling sequence and a wick as low as 25-24k.
So what do you think, do you see a Channel Down or declining Head and Shoulders here? And is the CCI Higher Lows trend-line the barometer for a bullish or bearish break-out?
P.S. If the whole sequence since the May 19 low is symmetrical with the June 22 low, then BTCUSD has roughly another 10 days before making a very strong move.
Feel free to share your work and let me know in the comments section!
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ETHUSDT After the Breakout Could Go Higher
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Hi Traders, ETHUSDT on H1 has still in downtrend but if we get a breakout above the Resistance there would be a chance to reach 2165.0
⬆️Buy at Resistance Breakout or Buy at 1900.0
⭕️SL @ 1800.0
✅TP1 @ 2165.0
✅TP2 @ 2405.0
✅TP3 @ 2638.0
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BTCBTC remains in this tight correction triangle that keeps faking out Altcoins, this is why many coins break out then NUKE B C the alts are confussed as to what papa bear BTC is planning. I think the structure looks bullish and we start pushing higher, invalidation would be loosing that bottom TL at $31,600. As I said last week when I called the crash and then flipped bearish. I said in our chat that BTC should not break $31k. If bulls keep this level chances are we push up from here.
SANDUSDT Has Broken Above the Bearish Flag
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Hi Traders, SANDUSDT on H1 has formed a Bearish Flag in an Uptrend and has broken above the Flag by large green candle, it might go down to 0.45756 before it continues higher.
⬆️Buy now or Buy at 0.45756
⭕️SL @ 0.38533
✅TP1 @ 0.54012
✅TP2 @ 0.58292
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HBARUSDT Has Broken Above the Resistance, Still Can Go Higher
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Hi Traders, HBARUSDT on H1 has broken above the Resistance and it has the potential to go higher to another major Resistance.
⬆️Buy now or Buy at 0.1658
⭕️SL @ 0.1563
✅TP1 @ 0.197
✅TP2 @ 0.220
✅TP3 @ 0.2448
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Ethereum move incoming !Hello traders, how are you doing?
quick update for ETH traders, as you can see in the chart currently price is consolidating. BB is compressing too so breakout will be insane. Pay attention to BTC too as the entire crypto market is move with that.
Thanks for reading and have a great day :)
Bitcoin Gann FansIt is highly likely that Bitcoin will just move sideways in-between these Fibs till about September 2021.
Bitcoin Path 1
If Bitcoin gets above the 0.168 Fib and breaks above the 3/1 Gann Ratio by Mid September , it is possible that we get a cycle peak somewhere Mid December 2021 to January 10th 2022 at 150k.
Bitcoin Path 2
If Bitcoin fails to break path 1 by September then we could see a cycle peak much later sometime late April to May 2022.
Since this analysis is based on the Gann Fan set at the current local low of 28754 a break of this low will invalidate this analysis.
The most important thing to remember is that in order for us to ever break all time high we must break the Gann Fan 8/1 ratio , once this ratio is broken we can fly past any fib and the previous all time high of 65k.
Recently I've been going over Alt coin Fib zone dates and it's amazing how many 3-5 count dates I get in May, not only that the Total crypto market cap chart points to May as well.
As of today I think we have a higher chance of following path 2 instead of 1 , just take one look at the price structure. It's going to take months to pivot momentum on a Macro scale.
“When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes.”
— Satoshi Nakamoto
UFTBUSD has Broken Above the Falling Wedge
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Hi Traders, UFTBUSD on H1 has broken above the Falling Wedge which is an uptrend pattern by a large green candle. It might go down to 0.628 before it goes up to 0.795
⬆️Buy now or Buy at 0.628
⭕️SL @ 0.578
✅TP1 @ 0.795
✅TP2 @ 0.933
✅TP3 @ 1.108
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KINUSDT Is Moving Towards the Upper Band of the Channel
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Hi Traders, KINUSDT on H4 after 2 Rejections from the Support line is heading towards the Upper band of the channel
⬆️Buy now or Buy at 0.000042
⭕️SL @ 0.000028
✅TP1 @ 0.000069
✅TP2 @ 0.000109
✅TP3 @ 0.000110
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BTTUSDT Is Heading up to 0.00266
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Hi Traders, BTTUSDT on H1 after the rejection from the lower band of the channel has been making HHS and HLs. It’s expected to go to 0.00266 If it can break above the upper band of the channel it might go to 0.00327
⬆️Buy now or Buy at 0.00243
⭕️SL @ 0.0023
✅TP1 @ 0.00266
✅TP2 @ 0.00296
✅TP3 @ 0.00327
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COSBTC Might Break Above the Resistance
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Hi Traders, COSBTC is right below a long term Resistance, it might go lower to 0.00000032 before it continues going up. However if it breaks above the Resistance on the lower TF we can look for potential entry to go long.
⬆️Buy at Resistance Breakout or Buy at 0.00000032
⭕️SL @ 0.00000016
✅TP1 @ 0.00000050
✅TP2 @ 0.00000066
✅TP3 @ 0.0000010
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BTCUSDT Could Go Lower to 30115.0
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Hi Traders, BTCUSDT on H1 is in the Bearish channel, it seems that after the rejection from the lower band of the channel because of the pressure from the bears it couldn’t go much higher from the band, I think before reaching the upper band of the channel it will reverse and go down to 31685.0 and then 30115.0
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TRXUSDT Is about to Breakout of the Triangle
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Hi Traders, TRXUSDT on H4 if it breaks above the Resistance line there would be a possibility for long. If it breaks below the Support line it might go around 0.059 before it goes up
⬆️Buy at 0.059 or Buy at Resistance Breakout
⭕️SL @ 0.055
✅TP1 @ 0.073
✅TP2 @ 0.082
✅TP3 @ 0.092
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