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Bitcoinpriceanalysis

Bitcoin is in Wave CHi Guys, I was in doubt till February 2020 when bitcoin was trading above $7300 and touched $10500 for the 3d time, after when BTC dropped below $7300 I was sure that it will touch near $5500 (200 Weekly Moving Average) and next it went down from that level as well and touched 3850 and on some exchanges it touched $3770 as well. Now based on my analysis and market scenario I can say the drop from $19667 to $3156 was wave A of correction and that Wave B from $3156 to $13970 we have seen a very fast recovery from $3156 to $13970 (Usually Wave B shows this kind of Fast Recovery). And Now BTC is in Wave C where Bitcoin is ready to make a fresh low in next couple of months. As per my research Wave C usually Comes near to BTC halving you can see chart (1st halving - 2012, 2nd Halving 2016, 3rd Halving May 2020). Wave C always make a fresh low (it can go down by $1-$2 from its previous low $3156 , but it will make a fresh low). At present I am waiting for the right levels somewhere around $7935 to take a short position in BTC and will hold it below previous low $3156. As per my expectation recently Monthly 100 Moving Average is also started which is near $2750 in coming months we can we it around $2900 - $3000 level, market may test that level and try to consolidate near that. I HOPE BITCOIN WILL GO TO MOON SOON Regards, Crypto Money Mantra
BITSTAMP:BTCUSD
by cryptomoneymantra
7
Bitconnect Pumper Trevon James Claims the Bitcoin Price is Going Trevon James has reported that to the reporter that, notwithstanding, the maker had as of late observed a portion of his accounts for their entertainment regard. To the degree YouTube characters go, James is doubtlessly not the most exceedingly terrible, and his 120,000 supporters on that stage show it. Here he is in January, not a long time before the drapery truly began to close on the BitConnect scheme, talking about it. By then he was at the same time defending BCC and its executives, saying that “in case they expected to deceive” they could have as of late left with everything starting at now. Note this is actually what BitConnect did sometime in the future. Crypto online networking identity Trevon James, who was personally associated with the advancement of the HYIP conspire BitConnect, which inevitably prompted law implementation and legitimate activity, says, in his unbounded shrewdness, that the Bitcoin cost will be at $0 in ten years. James’ YouTube channel often highlights him driving around his neighborhood in Florida, looking at putting resources into digital currencies and stages he likes to utilize, the vast majority of which have some type of associate program from which the advantages. He every so often does giveaways and things of that nature.………… News Source: TheCoinRepublic
BITSTAMP:BTCUSD
by TheCoinRepublic
Bitcoin Price Analysis - BTC Continues Sideways TradingRelative Strength Index: RSI is at a healthy 55 points at the time of writing. It’s coming down from a peak of 80 points a few hours ago. Looking at RSI’s behavior the past couple days, we can see it has been out of bounds only 3 times. That’s a signal that the market is relatively stable, and may continue trading sideways. Bollinger Bands: Looking at the BBs, we can see the price is right in the middle of the upper and lower bands. Moreover, we can see the deviation between the two bands is decreasing. This also signals a sideways trading market, especially with the recent breakout. Volume: The volume is relatively low at the time of writing. However, there is still enough market activity for Bitcoin to be able to move up or down a few percent. Looking at the chart, we can see Bitcoin previously moved around $100 in either direction with similar amount of volume. BITCOIN PRICE PREDICTION The RSI and Bollinger Bands are both signalling a sideways trading market. The low volume only confirms the indicators’ sentiment. As such, my prediction is that Bitcoin will continue to trade sideways at least through tomorrow. With labor day here, US volume is going to be minimal so unless China makes some big moves the price should remain stable. Read More: Bitcoin Price Analysis and Prediction for September 2nd
COINBASE:BTCUSD
by nulltxmark