Topic: Line in the sand {thread for price predictions} (Read 542 times)

Some resistance levels to measure progress in BTC till we hit Friday.   Its so close to the weekend now its not a bad guess that we are neutral to bullish till Monday, or sideways basically.    
   1hr bars, blue is 2 day average and orange is 8 day.    As we remain above the 8 day I go on history of price being quite bullish medium term while we keep that momentum & vice versa.

I'm posting a 1 minute bar chart, this data is not always there later on so I like to have a record and this thread is for short term predictions so it seems to fit that I post it here:



The 50 day average is right around here just below the price but the trend shown in the picture is the small idea for a bullish recovery from September lows onwards.   We have remained sub 10k for a while but mostly imo negative sentiment and again today seen selling losing the 200 day average.    
   The line in the sand to watch the tide today is roughly these lows imo, if we can close lower and also lose 50 day average I think its a good indication of continuing weakness likely to repeat in the price.

I voted bullish because I dont judge there is enough to push past the trend,  that alone can mean we gain for a few days possibly.  Not outright bullish but up anyway

^^^ We're out of that channel, its no longer has us on an ascent upwards.   So we cruised sideways and just this moment are going down again.     

I'm here once again to post a simple chart with an idea, if we are to break this series of red bars as markets always tries to prove everyone wrong and will attempt to do so.   Here is the Line in the Sand, 10,200 or higher look again for some recovery or attempt upwards.   A retest of previous support would be a good natural move, Asia might get bullish who knows what happens

Still in the same area, still a bit of a drift downwards I think.    We're top of a channel and this chart speculates it will form some top for at least today with perhaps bottom of the channel a target



So thats 10,250 roughly.   Hardly a great fall and still part of this daily up and down.    The ideal bearish scenario is to lose this channel where as last low we see it caught the bottom and recovered.    Blue line 8 day, for a bet down we need stay below this on 4hr closing bar I think and obviously the daily trend is nearby.

Heres a couple of charts thrown down fast just to see which way this move might split up or down.    Right this second we have a bounce from the 2 day average price, the blue line on this chart :




On a short time period, we are looking for a lower high to give benefit to the bearish take on this short term pullback -

So this happened pretty fast, as Asia trading opened we failed in efforts to break up and traded below 7800 before falling to 7200 area which is the trading objective for this support failing.   7200 is an old stronger trading line and is being bought.
Theres a great big pin going down to 6600 which closed the hour back above 7200 which is the important part for predicting future movement.   I dont have any immediate responce for what it will do next but likely market needs to digest this move and decide on this 7200 area short vs longer term.  Longer term pricing, daily and weekly bars are always stronger

We got a big bar on April 2nd after staging above the 4000 area just beforehand, so it was being held back but also bullish at that time.

Poll was bullish so correct -




Right now I got another line in the sand to draw which is about 7800.    So trading below here would help break this upper formation in the price.    If we can hold 7800 as an area of support then it might keep trying to break upwards past 8200.
Looking for direction out of this box or range of recent prices.


I will reset the poll again for votes which way we break




So here the april 2nd price held as bullish support

Ok I reset the poll again, this time the poll sentiment mismatched BTC markets.   Not many votes but those that were voting didnt expect a rise and definitely not of this size.    In fact we had bullish accumulation around upto 4000 and it broke upwards as we saw for a 20% gain.    This can fail many times before it breaks up, but this time it did manage it.
I mentioned the possibility but didnt predict it, it didnt fall back at all like I thought


I'll try not to close or reset the poll before April end unless we get another a break of range as I explain below.   Vote what happens next





Ok so this is daily bars, it dont get more basic then this really.    Closing out today April 3rd with a gain or green bar after such a rise is definitely bullish.   We'll have to watch if this occurs but its a good start
So the lines there are old Fib lines which should have some influence, yesterday the lower line formed some support to a retracting price and we rose back overnight.
I'm expecting this upper range after the break up to be between 4700 and 5200 range.   So bearish at top of range and more bullish with a stop loss at the lower line.

The yellow declining line at the bottom is the 200 Day average.   Still in decline gives us a heads up not to get carried away and a proper bull move takes time to fully form

Short term, I'm still relatively bullish. We have spent quite a while fueling up the gas tank in this range. One pop above that $4,200 high and we should have ourselves a nice little rally to/through the long term MAs like the 200-day. The 200-day MA is well below $5K now but sometimes bull traps like to spike through it as late bulls come in to buy the top.

Expanding on an idea from last December, I think we're in the early stages of an accumulation range. I should have known it would take longer to play out than I originally thought. I think a retest of the bottom is still likely:

If we think about it every day we can sure speculate on when will be next impending bull run for this market but I guess it will not work that way, But we are surely free to speculate it is not really wrong and that is why it is just prediction regarding the movement of the market but we got newbies here that are assuming that this year can be a great year for bitcoin or that year, but you are right there is no need for certain assumption because we can always wait and hold for that time to really come.

Neither much higher nor much lower. I think we will remain relatively flat over the next few days. I will quantify that statement further by saying "stable for me" is anything under a 5% swing. Some might have a different perspective on that but there you go.  The end of March looks to have a smallish dip presenting itself as some traders move to close out shorts. The fact that bitcoin has remained stable in the face of yesterdays legacy selloff is quite a positive sign imho. #dyor

Looking at the price now, its sideways for some days and the weekly momentum or 8 day MA has caught up.   Could mean we are seeing some profit taking and a lower price



I'm not sure why 4000 would be that important but maybe its just a resting point which becomes where short term traders cash out some before buying lower again.   The lowest price to expect now would be the 50 day MA at 3766 which was about the Mid March lows .   Always we can break upwards also but breaking the surface of the ice is more difficult from below, I guess more speed or something required ?


I reset the poll also as this might be a new phase

seems like we have lost the up trend line for the bullish momentum.
Then again it seems the 100 SMA(blue) is providing support, could be a good place to launch for more high and break that diagonal bear trend line...
For a test of the 200 SMA?

We are below the mean line, at what would be termed the "despair" phase.

You might not be seeing too much despair here in the forum, but thousands of miners have closed doors. Just imagine how many chinese families might have been affected by this.

You can extend the fall line to adjust to the historical line, but in doing so, you will also need to extend the recovery line. Maybe we will stay at this price range for most of the year, which is plenty of time to accumulate.

BTC None of these posts relates to a graph which is why I made the thread. BTC   Doesnt have to be anything big,   I like simple but I also like graphs   



Heres my super simple take, we had a flush out recently.    Overall its still acting bullish and that recent sell seems to have been a failure which inversely makes us more positive
4hr bar


The blue line here is 8 day average which appears to be some cap to the price, 3850 is a good area to watch I think roughly

It's up to you if you not think that 2020 will be bullish market for cryptocurrencies. But, there is nothing wrong on believing that the year of 2020 will be good for cryptocurrencies. We just need to wait and keep on holding our bitcoin.

At some point we can bullish line in the graph but still we are not sure about it. But, I think we can see bullish in the next few years or maybe in the end of this year 2019. Still hoping for better market and bullish market so I can earn again huge income. But, if the price of bitcoin surpass $6000-$8000 there will a another bullish market.

Yes, that is true. Remember when we have already crossed the price of $4000 and even still increase? In the next moment, the price got dump too deep, and I think people are panic because the price is down after getting up. But somehow, my feeling says that the price will increase for a little and maybe it will cross $4000 again because the line looks at the process to go to the higher price.

Arggh, still it's difficult to predict what will happen in the next hours.

I'm feeling that this year will be just neutral for the community I guess the effect of the bearish market will still be there but the air for the bullish will definitely set that is why the price is surpassing to make a movement, So in my opinion, We can have just a neutral movement for the price and will stay in the $3800 USD at the mid of March,  I really think it is OK for the price to be like this so there will be interested people that want to enter bitcoin can surely invest in a cheap value.

IMHO it will use all power in order to test the line above 4300 and it will come back like falling knife that will paint chart with whipsaws. Where do you see the accumulation points on this chart?