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Blxlong

#BITCOIN's road to $162k by May 2022! Here's Why!Welcome to this Exclusive Analysis on BTC everyone. If you are reading my analysis for the first time, do follow me to get more complex charts in a very simplified manner I also post altcoin setups on Spot, Margin, and Futures . Let’s get straight to the point and zoom out the bitcoin chart and see how bitcoin bitcoin reacted after the last three halvings to understand the potential target for Bitcoin within May 22. First Halving The first halving of bitcoin happened on 26th of November 2012. After the Halloween the bitcoin price pumped all the way to $1140 with an increase of 9390.87% from its having low. We saw an almost 83% retracement after that which was a bear market for almost 420 days. Second Halving After the second Halving the bitcoin price made a low of $483 and then it started a parabolic move to almost $20,000 with an increase of 3914.50%. We saw the same 83% retracement after that and the price of bitcoin went as low as $3148. Third Halving The third having happened on 11th of May 2020. Before the Halloween I posted an analysis in which I speculated move from $7000 $132,000 per bitcoin by May 2022 
I will leave the chart link below this analysis. 
The bitcoin price pumped all the way to $64,840 the real question is whether the bull market is over or are we really Entering a new parabolic move for Bitcoin which will eventually end up with a new all-time high? IMHO as the chart speaks the bitcoin price bounced right from the 21 weekly moving average showing some strength for a parabolic move. 
It is highly likely that bitcoin is going to make a new all-time high if it breaks the $53,000 resistance. The new target for bitcoin would be $162000 by May 2022! All that Bitcoin needs is to do is to hold the 21 Weekly MA and the 30k level!
Many indicators are showing signs of strength in the market. However I would also like to point a bearish scenario with you all! You can see in the last two halvings the bitcoin price bounced 
right off the 21MA and went below it after few weeks as shown in the little boxes B1, B2 and B3! This is why I have always pointed out that 21 weekly moving average is an important bull market indicator.
 
So basically Bitcoin needs to hold to support levels-and the 21 Weekly MA and number two $30,000 level if it does we are likely to get a new all-time I buy the end of May 2022 

The overall Data I’ve shared in the first part of this analysis is still on board!
Just the target has been increased by few percentage!
It’s just 2.5x from 60k to be honest.
So now you know what we need for the Bull Market to continue 
Whats your thought win this?
 Do you think it’s possible for BTC to make a new ATH or is it just a trap before we enter a Bear Market?
 As shown in the Black box in the chart?

 Do share your views and ideas in the comment section.
 Do not forget to smash that like button. That little appreciation motivates me to make more high quality contents absolutely free for the community! Thank you


 #PEACE
BNC:BLXLong
by Cryptorphic
8
BTC (BLX:Brave New Coin) M,W,D Simple Case for BullishI see some promising signs from a very simple perspective without using much (I'm sure people will say your brain included... but haters gonna hate and potatoes gonna Po-Tate). To keep this simple: 1. On the monthly 9 MA Penetrating through the 20 MA is a positive sign, its like the first time your with a new partner in bed, Its exciting, momentum has been building and BAM! Ready to rock, Shoot for the moon! 2. Pull back on monthly volume looks clean, I could see an argument the other way but lets be honest I am not a Pro and I am willing to admit I have a bias. 3 Note: On Monthly the light gray are just some additional supports I watch personally to watch for hidden supports and resistance, they are also utilizing wicks and depending on who you talk to, my favorite knock at wicks is "Don't be dick stop playing with your wick" 4. Stochastic on the Monthly and Weekly looks good and ready, however the Daily not so much. In my world of Candy canes and unicorns I want to believe we go sideways for a handful of days into next week, and then We see some magic happen or well lets just say Get rich or die trying... 5. Interesting on the Daily the Flag which fits well into the larger Monthly flag, could pack a powerful punch or slap us in the face and take our money! Let me know your thoughts! Get ready people lets see where we end up. Hopefully I can buy my virtual yacht with my virtual currency!
BNC:BLXLong
by JaxelCap
Bitcoin 3000% grow-100K in Dec 21 2021-Big buy opportunity NOWHello everyone, I´ve spend many days watching the Bitcoin tickers at many timeframes for many years and I realized this is the ultimate chart with important trendlines / gread & fear (based on RSI) / halvening setup which seems to be respected for many years & in my opinion from long tern perspective investing this Weekly chart is most important history based technical support for your plan. So if you find this chart helpfull would be great if you reward my time & work by hitting like and if you want to stay updated then hitting follow is highly appriciated and makes me motivated in updating the data for you in public library. MAJOR RESISTANCE 6.000 - 8.500 - 10.000 USD ( Need to be eaten till halvening to validate the idea) It's amazing to think about the fact that currently 80% of all the Bitcoin that will ever exist has already been mined (and almost 25% of that current total has already been lost forever), and that almost all the rest will be mined in just the next 6 years bringing the total mined to 93.5% by 2024, leaving only 6.5% more left to be mined between the years 2025-2140. Supply and demand + greed and fear = cycles What is Halvening in Bitcoin and Other Cryptos In Bitcoin, halving is when block rewards for mining are cut in half. Halving happens at regular intervals based on the Bitcoin protocol. In other words the code underlying the network dictates that X new coins minted as mining rewards for miners adding blocks of transactions to the blockchain will be cut in half every Y blocks until the reward reaches zero and no new coins are mined. Bitcoin halving occurs every 210,000 blocks. Since one block is added to the Bitcoin blockchain roughly every 10 minutes, each halving is about 210,000 blocks x 10 minutes = 2,100,000 minutes = 4 years apart. When is the next Bitcoin Halving: Assuming no major changes, the mining reward will drop from 12.5 BTC to 6.25 BTC per block in May 2020 --------------------------------------------------------- What happens when all the bitcoins are mined? The bitcoin inflation rate steadily trends downwards. At the time of writing, more than 3 out of every 4 bitcoins that will ever exist have already been mined, and the annual inflation rate is just 4%. The block reward given to miners is made up of newly-created bitcoins plus transaction fees. As inflation goes to zero miners will obtain an income only from transaction fees which will provide an incentive to keep mining to make transactions irreversible. Due to deep technical reasons, block space is a scarce commodity, getting a transaction mined can be seen as purchasing a portion of it. By analogy, on average every 10 minutes a fixed amount of land is created and no more, people wanting to make transactions bid for parcels of this land. The sale of this land is what supports the miners even in a zero-inflation regime. The price of this land is set by demand for transactions (because the supply is fixed and known) and the mining difficulty readjusts around this to keep the average interval at 10 minutes. ** This is attempt to predict future price movement & not a financial advice **
BNC:BLXLong
by Anoinvest
253
The ONLY Bitcoin-Chart You Need! (BTC)From a long-term perspective, this chart is what you need. Let's keep it technical and simple! When it comes to Elliot Waves, the correction often retraces to the fourth wave of the previous fifth. As you can see on the chart, price has retraced to two previous Wave 4's in lesser degrees. Wave 4's: 1. Pink Line 2. Red Line (Buyzone 1) 3. Green Line (Buyzone 2) Have we bottomed and are we in the accumulation zone already? Nobody knows. If not, we will correct down to the previous fourth wave of the bigger five-wave sequence, the area we call Buyzone 2. Don't forget stop-losses! This is not financial advice. /onefouronetrading
BNC:BLXLong
by OneFourOneTrading
BTC - Stepping Back Taking a step back from all the short term ups and downs its looking like as long as we hold the 200 MA - which is a horizontal support level which also happens to be at the 0.835 level just as we did in the last spectacular bull run we will be fine. It looks like the bottom has already been put in, or will be very shortly and probably not under $3k - Or, if it is it shouldn't be for long. Probably a short spike day through the 200 MA for a few days (I Hope). I don't see $1k's like all of crypto Twitter is saying. Faaaar too many people now running around saying it like they've just known all along haha. Usually when everyone is saying something they are wrong. I believe this to be one of those cases. Usually if you are seeing something happen it's already too late to the game.....don't be a sheep. Of course, I could be very wrong too and we could just fall straight through the 200 MA and not see above it for the next decade.....or ever.... Time will tell, but the magic fib level historically seems to be the 0.835 - and we're already there with a cross on the Stochastics to the upside.... Fingers crossed - But I'm all in...................... 100x YOLO BABY
BNC:BLXLong
by Bond_OO7
3 MONTH BTC EMA ANALYSIS,1D CANDLE PROVES DESCENDING CHANNEL!Wake up! It's obvious from this view that no matter who states otherwise... BTC IS FALLING! In order for things to improve a few things MUST happen: 1. Break above the current 50 EMA calculated by the 1D candle. This will act as the first resistance level . 2. Break above the 100 EMA (same logic as above). 3. Break above the 200 EMA (same logic as above). 4. Finally the white price channel that is extending out until 1 April MUST be broken! The ONLY way to avoid the volatility of the crypto market is to view EVERYTHING from the thousand foot view (use the daily candle as your minimum view). These candles will show you solid signs of a reversal and upward trend. THE REST IS JUST NOISE!
BNC:BLXLong
by martinlih
1