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Bitcoin (BTC) analysis thread
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AdamCantor

Member Since Mar 18, 2019  77 posts Adam Cantor (AdamCantor) Jul 17 at 10:49
good stuff bro. bitcoin relatively stale right now. will chart over weekend and see.

sebking1986

Member Since Apr 09, 2019  19 posts sebking1986 Jul 17 at 14:46
BTC looking dull at the moment, hopefully just winding up to pop

Smith2525

Member Since Mar 15, 2019  24 posts Karlos Fandango (Smith2525) Jul 17 at 23:27
It seems to have been consolidating for a while, we must be due a big break soon surely.

All or nothing
lavis_book

Member Since Jul 09, 2019  34 posts lavis_book Jul 21 at 10:49
sebking1986 posted:
BTC looking dull at the moment, hopefully just winding up to pop


True. When do you guys think it will reach $10000 again?

LeBuffon

Member Since Mar 18, 2019  11 posts LeBuffon Jul 21 at 10:56
It is better for BTC is dull is the new normal and price stabalizes. It can then finally be used as an currency rather than an investment product

momo3HC

Member Since Oct 20, 2018  130 posts momo3HC Jul 25 at 12:06


Hi all.
At last some activity for Bitcoin this week. Not much but for now it`s very bullish.

Actual PA situation:
1. At last the price significantly broke the upper side of the 3 years symmetrical triangle. If we close this week at this level the whole candle will be above this triangle which will be super.

2. 10 EMA – the price is perfectly bouncing from it again.

3. 21 EMA - the price is still above it even without a touch of it.

4. Correlation between 10 and 21 EMA – Despite the Corona drop every time when the 10 EMA is above the 21 EMA and the price is above both we can predict a very good bull period.

5. Parabolic SAR – Another bullish week and there`s 13 weeks bullish signaling.

6. Weekly pivot point is $9196.56. We`re far from it so far, so I can say that next week can be positive too.

7. Support and resistance:

7.1. Support:

1st support - $8500 - 50% Fibo and VPVR profile

2nd support - $7800

7.2. Resistance:

1st resistance - $9500-9800

2nd resistance - $10500 – that will be a MAJOR resistance not only for the mid-term but also in a long-term, on the way to the next ATH like mentioned above.

8. Like I told you last week the BTC volatility is very low. Under 40 actually. Like you`ll see from the chart, every time when this happened it`s followed by a significant move soon after it. Despite the corona drop, last such low was before the 14K run last summer.
All this points are 100% bullish and seems like Plan A is in play.

P.S. The 4th Golden gross on a 2D chart into a Bitcoin history is already a fact!

That`s all for now.
See ya next time.
Attachments:

momchil_slavov@
AdamCantor

Member Since Mar 18, 2019  77 posts Adam Cantor (AdamCantor) Jul 25 at 19:03
lavis_book posted:
sebking1986 posted:
BTC looking dull at the moment, hopefully just winding up to pop


True. When do you guys think it will reach $10000 again?


i def think we will see 10k this year again.

Smith2525

Member Since Mar 15, 2019  24 posts Karlos Fandango (Smith2525) Jul 26 at 12:09
Thanks for taking the time to analyse, it just shot up! Hope the momentum continues.

All or nothing
sebking1986

Member Since Apr 09, 2019  19 posts sebking1986 Jul 27 at 10:39
Moving very quickly these past few days! Full expect a retrace at some point but hopefully not right back to 9k again.

momo3HC

Member Since Oct 20, 2018  130 posts momo3HC Yesterday at 11:55


Hi all.
What a week for Bitcoin right? Like I’m repeating you last weeks it was imminent to see such movement.
Before the actual price action, I want to summarize the week into a couple of words.
First, we broke the 3 years symmetrical triangle at last and we did it with a significant volume. Till this night drop I was a bit concerned cuz we literally skyrocketed and like I’ve told you in the past, such movement without a correction is not healthy. At second point let`s get to this night drop. Yes, it was significant but for me it`s actually a perfectly bullish. Why? You`ll see from the price action below.

Actual PA situation:
Support and resistance:
Support:
1st support - $10500 – last MAJOR resistance. This support has been tested already with this night drop and done it`s job perfectly. That`s why I’m bullish about this drop.
2nd support - $9000
Resistance:
1st resistance - $12500 – almost the last bigger resistance before the clear skies, accordingly to VPVR.
2nd resistance - $14000 – the last resistance before the 20K test I can say (the last top + VPVR).
Somewhere between 1st and 2nd resistance is $10K, which can act as a support too cuz of the psychological level.
10 EMA – the price is still above it even without a touch of it.
21 EMA - the price is still above it even without a touch of it.
Correlation between 10 and 21 EMA – Despite the Corona drop every time when the 10 EMA is above the 21 EMA and the price is above both we can predict a very good bull period.
Parabolic SAR – Another bullish week and there`s 14 weeks bullish signaling.
Weekly pivot point is $9757.62. We`re far from it so far, so I can say that next week can be positive too.
BTC volatility is still under 40 actually so more movements can be expected.
That`s all for now. Not much may be, but I think it`s explaining the actual situation. Next week i`ll try to go deeper.
See ya next time.
Attachments:

momchil_slavov@
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