Bitcoin (BTC) analysis thread

momo3HC

Active Trader
Feb 16, 2019
307
52
34
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2020-01-19 21_21_26-Window.png
Hi all and Happy New Year. Wishing you an awesome and profitable one to be. As first BTC analysis for the year it will be more really long term so let`s get to the point.

It was a good price movement lately and I really believe that the $6.4K level was the bottom.

Everything which i`ll say from here is situated on historical PA and a bit of math. From now i`m expecting the 2nd small parabolic move which must take place till the next summer may be, followed by descending before the 3rd big parabolic move which must take us to the next halving cycle ATH. That`s the first PA, which I can call it “1,2,3 steps”, move made by BTC in previous halving cycles. The second one is the bigger accumulation/parabolic periods in BTC`s PA history. Every time they`re getting 1.4 times longer than previous one.

So judging by this two PA I can assume that the next BTC All Time High will be… in June 2022 and the price will be somewhere around… $170K. That`s insane!!!

I just want to say 3 more things:

  • This is just a prognosis. It`s 50:50. It can become real or no but at this point that`s how i`m seeing the BTC PA future and that`s only my (or may be not only my) opinion.
  • I`m not talking about May`s halving and the price then cuz it`s coming very soon and i`m a really long term HODLer.
  • Starting from the previous two points that`s a really long term analysis. I`ll be more specific in short or mid-term period into next week analysis.
 
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momo3HC

Active Trader
Feb 16, 2019
307
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BTC 02022020.jpg
Hi all. The first month for 2020 already passed and it was hell of a good month for BTC. Hope that`s just a preview for the whole year. Last time i`ve presented to you a really long term analysis so let`s get back to shorter ones.

Beside of all financial markets, today was a really hot day for the winter season (around 20 degrees) and that`s why i`ve been on a pleasant walk with my wife and friends. That`s why i`m kind of tired now and i`ll be really short but punctual in my analysis.

The graph is not really changed except the new support and resistance levels and 2 newly added indicators.

Two support levels:

  • $8500 - previous resistance and 50% fibo level
  • $7800 - previous resistance level
Resistance level: $9800 - previous resistance and 38.2% fibo level

What about the newly added indicators? Here they are:

  • Pivot point. A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
  • The pivot point is the basis for the indicator, but it also includes other support and resistance levels that are projected based on the pivot point calculation. All these levels help traders see where the price could experience support or resistance. Similarly, if the price moves through these levels it lets the trader know the price is trending in that direction.
  • Last weeks the price was consistently above PP levels. As you`ll see we`ll close this week above it again (Weekly pivot point (week 5 `20)). I`m calculating the next week PP level on a $9440 closing price. It can change a bit cuz this week candle is now yet closed but if the closing price is around $9440 it will be similar.
  • Parabolic SAR. I`ll not go in deep into explanation what is PSAR but if you want to learn more about it here`s a good article about it - https://www.forex.academy/profitable-trading-computerized-studies-iii-psar/ . The most important here is that PSAR is turned back to bullish after the price top back in July last year. If that`s not a strong bullish signal I don`t know what can be.
That`s for now from me guys. Wishing you a wonderful and prosper week and month.
 
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pezza55

Trader
Dec 2, 2019
24
5
9
35
View attachment 15331
Hi all. The first month for 2020 already passed and it was hell of a good month for BTC. Hope that`s just a preview for the whole year. Last time i`ve presented to you a really long term analysis so let`s get back to shorter ones.

Beside of all financial markets, today was a really hot day for the winter season (around 20 degrees) and that`s why i`ve been on a pleasant walk with my wife and friends. That`s why i`m kind of tired now and i`ll be really short but punctual in my analysis.

The graph is not really changed except the new support and resistance levels and 2 newly added indicators.

Two support levels:

  • $8500 - previous resistance and 50% fibo level
  • $7800 - previous resistance level
Resistance level: $9800 - previous resistance and 38.2% fibo level

What about the newly added indicators? Here they are:

  • Pivot point. A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
  • The pivot point is the basis for the indicator, but it also includes other support and resistance levels that are projected based on the pivot point calculation. All these levels help traders see where the price could experience support or resistance. Similarly, if the price moves through these levels it lets the trader know the price is trending in that direction.
  • Last weeks the price was consistently above PP levels. As you`ll see we`ll close this week above it again (Weekly pivot point (week 5 `20)). I`m calculating the next week PP level on a $9440 closing price. It can change a bit cuz this week candle is now yet closed but if the closing price is around $9440 it will be similar.
  • Parabolic SAR. I`ll not go in deep into explanation what is PSAR but if you want to learn more about it here`s a good article about it - https://www.forex.academy/profitable-trading-computerized-studies-iii-psar/ . The most important here is that PSAR is turned back to bullish after the price top back in July last year. If that`s not a strong bullish signal I don`t know what can be.
That`s for now from me guys. Wishing you a wonderful and prosper week and month.
Keeps rejecting the 10000 mark and will be good when it breaks through and holds for the week we will then see the start of the big moves
 

K_Robdog

Trader
Nov 2, 2019
52
11
14
38
It's been holding nicely over $10k today. I think we will see a couple of bounces off the 10k mark over the next couple of days, then it'll shoot up.