To use chat, please login.
Back to contacts

Bitcoin (BTC) analysis thread

sebking1986 (sebking1986)
May 11 2020 at 11:29
33 posts
Little dip over the weekend to get some cheaper buy prices I wonder. Hopefully still bullish!

georgequayle
May 13 2020 at 18:53
29 posts
momo3HC
May 17 2020 at 15:03
168 posts





Hi all. Like i`ve promised you last time, into the next couple of analysis i`ll show you the needed steps 1 by 1 from BTC to reach the next ATH. I`ve discussed the first two into my last two analysis and now it`s a time for the final third one.
Here`s the third step to the next ATH (chart 1).
Many of you will say that after every single halvening, the next ATH takes more time. That`s right but not at 100%. I`m finding a very strict and simple rule into the past 2 ATH. Yes the 20K ATH took more time from the halvening than the previous one but… and this is a big but, check the time between breaking the previous ATH price after the every halvening and the next ATH. In both cases it`s exactly 10 months.
And here comes the third step to the next ATH. We can say that 10 months after we break the $19666 price level we can expect the next all-time high. When will be that ATH? Like I said all depends from the nearly $20k break.

So let`s summarize all 3 steps.
1. 21 monthly EMA. April candle closed above it. The first condition is already fulfilled.
2. A monthly close above $10500 and a HH (higher high) into the weekly chart.
3. Break above the last ATH ($20k) and 10 months of time.
That`s all. Simple enough.

Actual situation (chart 2).
1. Support and resistance:
1.1. Support:
1st support - $8500 - 50% Fibo and VPVR profile
2nd support - $7800
1.2. 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.
2. Weekly pivot point is $8971.39. The price is far above it for now which is positive for the next week but let`s where this week will close.
3. 50 SMA situation is same like the pivot point. The price is far above it for now which is positive for the next week but let`s where this week will close.
4. 21 weekly EMA is far below the price for now. Not bad at all and it`s going to cross the 50 SMA which is another good sign.
5. With this week candle (if it close like now) we`re breaking the symmetrical triangle from the upside. Very positive sign.
That`s all for now.
See ya next time.



Attachments:


sebking1986 (sebking1986)
May 18 2020 at 07:12
33 posts
Going to be an interesting 10 months for sure. I expect to see another push at $10k this week

georgequayle
May 18 2020 at 15:06
29 posts
Treeny
May 18 2020 at 18:13
135 posts
Nice analysis there. I think $10k again this week

Smith2525 (Smith2525)
May 19 2020 at 11:56
33 posts
Nice analysis! I hope we get that push up the the major 10,500 resistance. I think I’ll take profit around there and look to re-buy the dip from there if that happens

Taeusz1342354 (Taeusz1342354)
May 22 2020 at 11:19
21 posts
Bitcoin will always be ahead of all cryptocurrencies.


IAnastasI
May 22 2020 at 15:32
14 posts
How do you think? I saw the analize of momo3HC regarding halving. Is it possible BTC rich the 20000$ line?

momo3HC
Jun 07 2020 at 14:08
168 posts





Hi all. Kind a long time no see from me but this time you`ve got to excuse me again. I`m not in a mood for some big charting so i`ll be short and share with you the actual weekly chart from the last time plus some new Stock to flow model.

Actual situation (chart 1).
Support and resistance:
Support:
1st support - $8500 - 50% Fibo and VPVR profile
2nd support - $7800
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.
Weekly pivot point is $9278.15.
50 SMA is below the price for now.
21 EMA is below the price for now.
We`re very close to a bullish cross between 21EMA and 50SMA but let`s wait for confirmation.
Whole this week candle is above the symmetrical triangle. Very positive sign.
As a conclusion i`m expecting a positive next week.

New Stock to flow model. (chart 2).

With the actual money printing and very possible inflation and even hyperinflation the future BTC price can reach $100k, $1mil. and more. But what will be the purchase power of this $100k or $1mil.? I think that`s the big question. Unlike the FIAT, Gold is gold. No matter now, before 100 of years or after 100 of years. That`s why the latest BTC vs Gold Stock to flow model is getting more important. Just check the chart.

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

Attachments:


Please login to comment .