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Crpyto

Does History Repeat?Does the cycle just repeat? It's only February 2020 and the price of bitcoin at the moment is 58000 it's been an incredible run for bitcoin, you would think we would be reaching the top but there is no sign that bitcoin is topping out just yet. Let's take a look at a potential cycle top, investing and buying bitcoin is the easiest part of the trade now comes the hard part selling. It's important to keep level headed and start thinking about an exit plan for bitcoin , does the cycle repeat? Taking a look at the monthly chart we can see that bitcoin has been in this massive channel since 2013 we have a strong support line with strong confluence but a weak resistance line with only two data points . In the last cycle peak we created a potential resistance line but was broken with a 40% wick to the upside, it topped at 20000 and closed at 14000, if history repeats, the cycle peak this time would be at 216000 and the monthly candle would close at 153000. Any price after 135000 has an extremely high risk of a potential top. Maybe we don't have that 40% wick like last cycle and it closes at this resistance line like the first cycle 2013/2014. I think the cycle top of bitcoin will be 185000 sometime at the end of November. That's my prediction based on the charts and historical data there is one indicator I would like to mention below that will give us a strong insight of when the cycle top will be coming. The Puell Multiple was created by David Puell of Adaptive Capital to explore market cycles from the perspective of bitcoin miners. The indicator identifies major turning points in each market cycle. www.lookintobitcoin.com Its going to be a very interesting year for bitcoin the world will be watching this year. Cycle Top November 2021 185000 Cycle Bottom December 2022 40000
BNC:BLX
by Sporia
1
BTCUSD Dump incoming! Sell your holdings!Hi, Trader_ph here and welcome to my daily analysis. BTC hit an ATH which is impressive, but the question is: Pullback, where are you? I believe the pullback is here. I will explain: 1. EffDI DIVERGENCE in line and dots! Okay, sorry for the caps. But when there is a divergence in the EffDi indicator, it is a strong signal. It almost always works. The Effective divergence indicator has a break in its own trendline. Very bearish. Also, the Effdi hit it's own Fib 1.618 resistance which is known for killing BTC trends. One last thing for the EffDi: CONFIRMED Head and shoulders. Selling is on the way, never buy the top unless you like to lose money. 2. Elliot wave complete I will go direct here. The 5 wave elliot is now complete, meaning the trend is exhausted. Reversal! 3. Decreasing volume in bull rally, lesser bulls everytime? Bearish of course This is bearish. Meaning, more bulls are less confident in the trend. People are selling their profits for good cash. Dump incoming... Thanks for reading. Sorry if it was shorter, need to catch up with something.
BITSTAMP:BTCUSD
by Trader_ph
4
ETH is PUMPING!Pushed out of triangle like a bat out of hell and straight towards that 27 fibs, which was our first TP level after Tuesday nights market scan. With the speed in which this pushed I'm yet to take any profits on my positions until we get a confirmed pullback. Could potentially see a pullback to this top supply, now turned demand. however the next TP level for me is now the 61 fib extension. A little concerned about steamroller being oversold and how accurate it's been in the past, but I think dips are for buying on ETH, so make a plan for your own trading style.
BITFINEX:ETHUSD
by Unity-Trading-Group
3
XRP Weekly - 20th Jan - End of Month OutlookCurrently we are between the 61.8 and 78.6 retracements following the big move in November The grey arrow shows that we had a Lower High formed, just barely, from the 22 June low - followed by a bullish engulfing. And since then we have had a Weekly wick to the 78.6 again and close above. A solid Weekly close above the $0.366 and we are away. Coincidently, Brian Brooks said on Dec 4 that we would have regulatory clarity within 6-8 weeks, which also aligns with this price action. twitter.com Check the next chart for a Daily triangle forming which aligns with this bias.
BITFINEX:XRPUSDLong
by jakedubbz
First Pullback when?Every bitcoin bullrun so far has had pullbacks ,will history repeat itself, at this point we cant deny the fact the stock to flow model is still intact . www.lookintobitcoin.com So everything is setting up what looks to be the first pullback of this rally , as you can see we are coming up to very strong Fibonacci log band , this log band has a history of extreme resistance and volatility (Red circles ). A pullback of 30% would bring the price down to about 24400 Dollars which would close the CME gap created that that price , all CME gaps get closed so at one point if you look back at the charts. (Yellow Circle) The month of January is historical bitcoins worst preforming month.
BITSTAMP:BTCUSD
by Sporia
2