I have to say you really made a deep analysis about the past 2 bull runs. This would make it much better for us to understand more about the coming bull runs. Some of the price changes are similar as to what we experienced in the last bull runs which occurred in the mid 2017.
Even this year some of the characteristics might be similar to the old ones that time. Your analysis makes it a bit easier to understand the price movement for next few months. Maybe we could experience some pumps and dumps in the next few months as the price would keep on moving in a triangular form from the peak to the dip which would open doors for short term investments as well.
Topic: 20K by March, A positive Look at the market. (Read 960 times)
In my opinion, the king Bitcoin will probably touch $ 12K at this end of this month, and maybe the opposite will happen, it may become under $10K or $9k, we should expect everything but we need to be optimistic even in the worst moments or situations. In fact, Bitcoin
is progressing slowly into the halving , I expect that BTC will rise to $ 15K before that event. Fortunately, the china crisis has a postive impact on the market especially during this period.
Perhaps the China outbreak is causing a delay in the price pump. By this time, price for bitcoins should have been above $10300 but it is a bit far from that point which keeps me making my own technical analysis about the future price. I can predict for short term but it gets a bit challenging for me to assume a approx price speaking in terms of long term.is progressing slowly into the halving , I expect that BTC will rise to $ 15K before that event. Fortunately, the china crisis has a postive impact on the market especially during this period.
I am much afraid about the price getting dumped instantly and that is what keeps me close to short term markets only where I can easily sell my coins and buy back again even in the bearish trend. OP has stated a nice TA which might make understanding long term markets a bit easier but yet I feel like bitcoins would retest at a dip which would never be touched again and bitcoins would than start the journey towards moon.
Explaining how were we suppose to test the 20SMA weekly , well sadly the prediction of that movement was terrible, it went way too far than what I initially thought it would go, this goes out to show that nothing is 100% accurate, but as mentioned before, happens more often than not!.
We really couldn't expect and predict the exact event that might happen in the future, even if you analyze the chart, it would still be enough because, it is limited by other factors. All we could do is taking choices carefully and hope that it would be correct.
For me, a $20,000 Bitcoin value in march would be mostly not possible but, I would not leave out any chance for it to reached that price. Bitcoin is still facing resistance in its price in the present in the $10,100 range, and $20,000 value is still far. I think it would only reach $11,000 this month or if possible $11,000 and a half.
In my opinion, the king Bitcoin will probably touch $ 12K at this end of this month, and maybe the opposite will happen, it may become under $10K or $9k, we should expect everything but we need to be optimistic even in the worst moments or situations. In fact, Bitcoin
is progressing slowly into the halving , I expect that BTC will rise to $ 15K before that event. Fortunately, the china crisis has a postive impact on the market especially during this period.
is progressing slowly into the halving , I expect that BTC will rise to $ 15K before that event. Fortunately, the china crisis has a postive impact on the market especially during this period.
Anything is possible. The chart looks absolutely bullish and we can expect 20K USD within March. But sometimes the chart says wrong or we get the wrong prediction. That's why personally I think 20K won't happen before the bitcoin halving. After halving it will possible.
we don't know yet whether Bitcoin will go to $ 20,000 or maybe Bitcoin Dump after this, my strong daily support is at $ 8400, I hope Bitcoin doesn't break through support, and always keep this bullish trend
Bitcoin is on its way to reach its new ATH this year, but 20k by March is almost impossible. A slow movement is better than quick rise that lead to quick dump. I'd love to see the BTC price move slowly toward 18k-20k by this year end like we have seen a similar wave in 2016, then a big pump will begin in 2021.
I appreciate the efforts you have made and your technical analysis is very good and i am also optimistic about its growth as prices are rising again and are above $9500 and we might see rally in prices to $10k by the end of the year and if the same pace continues then we might be able to see $20k next year if not in march then in Q2 it is possible.So we need to stay positive about its price surge.
$10,000 by the end of the year is again too late. In fact, Bitcoin has already breached the $10,000 resistance within the month of October. The second or third time it tries to break that, Bitcoin might already be successful and will shoot to more than $12,000. It might all happen within the first 15 days of November. $20,000 by next year is within reach. Maybe not in the first quarter but in the first half most probably.
Here is an update of the current situation.
The current monthly candle does not reflect the actual price, i have altered it to show the possible price range for the remaining two weeks, based on the initial analysis , after having finished this step
The following month was nothing but a slow side-ways market, where price ranged mostly within the body of the previous monthly candle, which in the current market is the area between 9200$ and 8260$ , this is where i expect the price to keep fluctuating around for the rest of this month,although it's not very unlikely that we don't range between the whole previous candle range from 7300$ to 10300$ but that is the least possible scenario, as i don't think we will go out of the body-range for this month.
for the following month of December , we could very likely close above 0.5 feb at around 10,100$ and actually do test 12200$ where the 0.382 fibo is at.
The current monthly candle does not reflect the actual price, i have altered it to show the possible price range for the remaining two weeks, based on the initial analysis , after having finished this step
Quote
5-A retest of the 0.5 level (9900$) > unknown but must happen this month Done
The following month was nothing but a slow side-ways market, where price ranged mostly within the body of the previous monthly candle, which in the current market is the area between 9200$ and 8260$ , this is where i expect the price to keep fluctuating around for the rest of this month,although it's not very unlikely that we don't range between the whole previous candle range from 7300$ to 10300$ but that is the least possible scenario, as i don't think we will go out of the body-range for this month.
for the following month of December , we could very likely close above 0.5 feb at around 10,100$ and actually do test 12200$ where the 0.382 fibo is at.
I appreciate the efforts you have made and your technical analysis is very good and i am also optimistic about its growth as prices are rising again and are above $9500 and we might see rally in prices to $10k by the end of the year and if the same pace continues then we might be able to see $20k next year if not in march then in Q2 it is possible.So we need to stay positive about its price surge.
$10,000 by the end of the year is again too late. In fact, Bitcoin has already breached the $10,000 resistance within the month of October. The second or third time it tries to break that, Bitcoin might already be successful and will shoot to more than $12,000. It might all happen within the first 15 days of November. $20,000 by next year is within reach. Maybe not in the first quarter but in the first half most probably.
I appreciate the efforts you have made and your technical analysis is very good and i am also optimistic about its growth as prices are rising again and are above $9500 and we might see rally in prices to $10k by the end of the year and if the same pace continues then we might be able to see $20k next year if not in march then in Q2 it is possible.So we need to stay positive about its price surge.
I don't know but it really looks like we would hit another all time high next year .
And I hope that this could come true and the next question is would it be strong and stay at that price?
Because we have seen it make it to $20K but after that it collapse and slowly go down up to $3K.
So would this next $20K mark continue to climb or just repeat what happened before?
And I hope that this could come true and the next question is would it be strong and stay at that price?
Because we have seen it make it to $20K but after that it collapse and slowly go down up to $3K.
So would this next $20K mark continue to climb or just repeat what happened before?
Everyone always look for positive results as bitcoin price tried to cover up those possible bearish trend that's making the price harder to grow. That's true, once price spiked higher it possibly goes down before recovery period is over. Eventually we will see same pattern of the price fluctuations, that's why our analysis only differs with few percentage.
I don't know but it really looks like we would hit another all time high next year .
And I hope that this could come true and the next question is would it be strong and stay at that price?
Because we have seen it make it to $20K but after that it collapse and slowly go down up to $3K.
So would this next $20K mark continue to climb or just repeat what happened before?
And I hope that this could come true and the next question is would it be strong and stay at that price?
Because we have seen it make it to $20K but after that it collapse and slowly go down up to $3K.
So would this next $20K mark continue to climb or just repeat what happened before?
This year chart looks similiar with 2016 chart which bitcoin exprienced downtrend and many investors move out, year before bitcoin pumped hard and reach it's all time high.
So will the history repeat ? last year we experienced a big dropped and this year it's recovring time, and maybe next year is a time for new ATH ? Let's see.
But the only thing that i can make sure is bitcoin has already reached it's deep this year and it won't go lower anymore
I don't know but it really looks like we would hit another all time high next year .
And I hope that this could come true and the next question is would it be strong and stay at that price?
Because we have seen it make it to $20K but after that it collapse and slowly go down up to $3K.
So would this next $20K mark continue to climb or just repeat what happened before?
And I hope that this could come true and the next question is would it be strong and stay at that price?
Because we have seen it make it to $20K but after that it collapse and slowly go down up to $3K.
So would this next $20K mark continue to climb or just repeat what happened before?
Great looking on the chart there mate. At least I'll be able to take a bit of relax for a while. I am not saying that I will be going to believe all the way through but I atleast have my hope for an incoming better market. Although bitcoin wasn't all about this chart, specs and prediction but the thing is that we have at least the foundation of hope. Thank you for this by the way.
yeah we have to hope for the best in any field of life, and here about bitcoin we should not lose our hope as the bitcoin in coming months will bring good news, and the predictions and charts are not always baseless but there are definitely some clues from which we can decide that what will happen to the market next, so you could be relax for some time because good news are coming soon.
I am increasingly optimistic about seeing OP and all the posts here about increasing bitcoin to reach $ 20,000 and hopefully becoming a reality.
That should be more of a concern to be honest, when the majority agree on one direction, price usually does the opposite 
I'd say sentiment is fairly mixed. There's quite a lot of confusion over whether we're in a bear or bull market. Some point to the daily death cross and say last week's rally was a temporary short squeeze. Others believe it was a Wyckoff spring or bear trap scenario and we're now continuing the bull market from earlier this year.
People will be selling for tax purposes. There will be crash to $7,000 until end of the year. Minimum will be at Dec 20. For 2020
How does this make any sense ? why haven't this theory applied in 2017 where price kept going up during year end, same thing goes for 2016, tax volume won't be large enough to change a trend direction, let alone the fact that not everybody does actually pay any tax.
Agreed there, the tax theory is dumb. It's not well founded historically but everybody repeats it every year anyway.
Also not sure about others, but Americans need to make quarterly estimated tax payments on capital gains. I've already made 3 tax payments this year to cover my trading income. There is no "everybody dumps at the same time for taxes" event.
There is a good amount of analysis in the WO thread, but they get buried beneath all the B.S and the memes, that's why I don't usually post there and I like to have my own topic/s , this way I am able to view other traders' idea clearly, I don't usually update my analysis since most of them are on the weekly and monthly frame so it takes a few weeks / months for something to actually happen. welcome by the way.
The Wall Observer moves too fast for me. Any TA is bumped off the last page within minutes.
I started my own thread recently as well: https://bitcointalksearch.org/topic/yet-another-analyst-5196072
I am increasingly optimistic about seeing OP and all the posts here about increasing bitcoin to reach $ 20,000 and hopefully becoming a reality.
That should be more of a concern to be honest, when the majority agree on one direction, price usually does the opposite
People will be selling for tax purposes. There will be crash to $7,000 until end of the year. Minimum will be at Dec 20. For 2020
How does this make any sense ? why haven't this theory applied in 2017 where price kept going up during year end, same thing goes for 2016, tax volume won't be large enough to change a trend direction, let alone the fact that not everybody does actually pay any tax.
I am so happy that you provided me the link in the wall observer thread because I found finally a quality discussion about Bitcoin price.
Literally, I thought that nobody is talking about BTC price anymore on this forum, especially in a serious way and without any fooling around.
Literally, I thought that nobody is talking about BTC price anymore on this forum, especially in a serious way and without any fooling around.
There is a good amount of analysis in the WO thread, but they get buried beneath all the B.S and the memes, that's why I don't usually post there and I like to have my own topic/s , this way I am able to view other traders' idea clearly, I don't usually update my analysis since most of them are on the weekly and monthly frame so it takes a few weeks / months for something to actually happen. welcome by the way.
Great looking on the chart there mate. At least I'll be able to take a bit of relax for a while. I am not saying that I will be going to believe all the way through but I atleast have my hope for an incoming better market. Although bitcoin wasn't all about this chart, specs and prediction but the thing is that we have at least the foundation of hope. Thank you for this by the way.
There’s nothing else to do but to remain positive that bitcoin will bounce back...
It should, but only if actual support at 8900-8800$ will hold the selling pressure. This will be the fourth bears' attempt to break the 8900$ resistance level.
If it will not hold, then I am sure the next stop will be at 8300$ because this is the next support. It will be very important, how strong the bears are and to closely monitor volumes.
Usually, if the fourth attempt, to break the support will not succeed, then there is a big probability for a trend reversal.
I see, that already bears started to show the power today and already managed to take the price down after a small spike.
I suppose, today in the night or tomorrow, we will see the bears attacking the support level and this is not so good because it will be at the weekend and BTC doesn't like weekends so much.
1-A correction all the way down below that 0.786 (blue) > Done
2-A rejection from the 0.618 > Skipped
3-A rejection from the 0.382 (14k) > Done
4-A retest of the 0.618 at around 7700$ > still confirming.... Done
5-A retest of the 0.5 level (9900$) >unknown but must happen this month Done
6-A steady move toATL ATH in 5 months > unknown
2-A rejection from the 0.618 > Skipped
3-A rejection from the 0.382 (14k) > Done
4-A retest of the 0.618 at around 7700$ >
5-A retest of the 0.5 level (9900$) >
6-A steady move to
Nothing is out of the ordinary guys.
We still have a few days left for the monthly candle, not closing the month below 7700$ is alone a good indication, close above 9900$ is even a better indication that this analysis might play well.
Quote
5-A retest of the 0.5 level (9900$) > unknown but must happen this month
We still have a few days left for the monthly candle, not closing the month below 7700$ is alone a good indication, close above 9900$ is even a better indication that this analysis might play well.
All indicators seem going in the right direction and now we just have to watch the price steady move to the new ATH in March? Faster than I thought, but we will see in 5 months. If bitcoin can reach at least $13,000 by the end of the year, bitcoin has a higher probability to reach a new ATH, but if the market seems to reject the bull runs, then more likely bitcoin can't make it.
Nice chart, I'm also having a positive mind about the market going upthrend movements in beating it's previous all time high, hopefully bitcoin movements follows your chart, before halving I am optimistic about the price reaching $20k
There’s nothing else to do but to remain positive that bitcoin will bounce back. I know a lot of us now are having second thought or started to lose faith in bitcoin but it good to know that there are still people who remained positive despite the dump. We are seeing a little pump now hopefully it will continue and maybe by March will then reach $20k, after all it’s been a while already that we have been waiting for the bull to come. I really hope 2020 will be another good year for bitcoin.
Jump to: