Bitcoin (BTC) analysis thread

momo3HC

Active member
151 48
BTC 01112020_1.jpg

BTC 01112020_2.jpg

Hi all.
Almost a month no see but here i`m back and what a month it was for Bitcoin. In short i`m more and more bullish but let`s get back to charts.
Chart 1:
I`m turning back to my analysis from the end of September. It was about an interesting pattern on a weekly time frame which happened before the second and third ATH. It`s a descending triangle, some sideway move, then an ascending triangle and then next ATH. At the time of those analysis this ascending triangle wasn`t broken up yet but now… yes, the price breaks out above it and that`s the start of the next ATH run for me. And if this doesn`t convince you let`s see the chart 2.
Chart 2:
A monthly chart which complements the previous chart. 3 ATHs again. 3 triangles again. A break out again already. What`s missing again? Yep, the next ATH.
Simply enough? I think yes.
Also I want you to remember one. The path to the next ATH won`t be parabolic. There will be peaks and bottoms so don`t get panic. At this point the major levels are:
Resistance around $13800-$14000.
Support around $13000. Even a drop to $11500-$12000 won`t hurt the bull run and the ascending bull channel (on a daily chart).

That`s all for now. I`ve already prepared something interesting for the next time but i`ll share it in a couple of days.
See ya.
 

sebking1986

Junior member
34 10
Just when it looks to be falling hard it finds support. Seems at the moment to be stuck around the $13.5k mark and is so far beautifully respecting the 50EMA on the 4h chart.
 

momo3HC

Active member
151 48
BTC 05112020.jpg

Hi all.
Remember what I’ve promised you last time?
The chart today is only one. The time frame of it is strange even for me but it`s really interesting. It`s a yearly time frame chart. Yes, I know it`s big but Bitcoin is a really long term game so let`s see it.
In this chart every candle is one year. The chart shows the price from 2013 till now. We can clearly see two similar patterns. The first one is from 2013 till 2016 and the second one is from 2017 till 2020. This two patterns are with the same structure and only the sizes are different.
* The first one is a big green candle which is the ATH at that moment.
* The second one is a red candle which is the macro correction.
* The third one is again a green one which is some recovery.
* The fourth one is the most interesting. This candle fully recovers the second one and also break out the resistance at that moment and… yes it leads to the next big green ATH candle.
Guess what`s missing nowadays? Did you get it? The fourth one. That`s why this year close is looking to be important. Right now we`re exactly at the line. We have almost 2 months and the momentum looks good at this moment so it`s very possible to see 100% repeat. The most important is to break out from this resistance level. How far is not so important but there`s two scenarios for me.
The left one is the realistic one (lowest history results and future projections)– closing this year at around $17K and next year an ATH at $100K.
The right one is the mooning one (average to high history results and future projections)– closing this year at around $24,8K and next year an ATH at $640K. Personally I’m not a fan of the moon one simply cuz if we close this year at $24,8K this will be an ATH by itself. There`s no sense of this and it`s ruing the model at some point.
Interesting right? I think yes so the only thing that I can say is: Merry Christmas and Happy New Year, fellas!
That`s all for now.
See ya next time.
 

sebking1986

Junior member
34 10
Fascinating stuff! Certainly exciting times for BTC HODLers at the moment
 
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pezza55

Junior member
27 5
View attachment 290642
Hi all.
Remember what I’ve promised you last time?
The chart today is only one. The time frame of it is strange even for me but it`s really interesting. It`s a yearly time frame chart. Yes, I know it`s big but Bitcoin is a really long term game so let`s see it.
In this chart every candle is one year. The chart shows the price from 2013 till now. We can clearly see two similar patterns. The first one is from 2013 till 2016 and the second one is from 2017 till 2020. This two patterns are with the same structure and only the sizes are different.
* The first one is a big green candle which is the ATH at that moment.
* The second one is a red candle which is the macro correction.
* The third one is again a green one which is some recovery.
* The fourth one is the most interesting. This candle fully recovers the second one and also break out the resistance at that moment and… yes it leads to the next big green ATH candle.
Guess what`s missing nowadays? Did you get it? The fourth one. That`s why this year close is looking to be important. Right now we`re exactly at the line. We have almost 2 months and the momentum looks good at this moment so it`s very possible to see 100% repeat. The most important is to break out from this resistance level. How far is not so important but there`s two scenarios for me.
The left one is the realistic one (lowest history results and future projections)– closing this year at around $17K and next year an ATH at $100K.
The right one is the mooning one (average to high history results and future projections)– closing this year at around $24,8K and next year an ATH at $640K. Personally I’m not a fan of the moon one simply cuz if we close this year at $24,8K this will be an ATH by itself. There`s no sense of this and it`s ruing the model at some point.
Interesting right? I think yes so the only thing that I can say is: Merry Christmas and Happy New Year, fellas!
That`s all for now.
See ya next time.
Incredible when you look at the possibility’s you can see that it is still not to late to get in on the bitcoin world and make some amazing gains
 
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Reactions: Smith2525
 
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