The Bitcoin Breakout We’ve All Been Waiting For

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Bitcoin on a Breakout, This Former Analyst says BTC Waiting for Reasons to Go Higher

Bitcoin bulls have the prices slowed down at $8,200 level, however, it is looking forward to another breakout to go beyond $8,300 before meeting the critical resistance. Whereas Spencer Bogart predicts bitcoin is just waiting to explode higher.

BTC/USD heading for another breakout

Bitcoin is well above $8,000 and with the way things are going in the crypto market, looks like bulls are here to stay. At the time of writing, Bitcoin has been trading at $8,229 with just barely in the green.

The market sentiments currently are tilting towards a much higher price for bitcoin. If we take a look at the technical part of the Bitcoin price, it is heading for another breakout. A few days back, Bitcoin hit the $8,500 level briefly on BitMEX exchange. But at this point, BTC/USD hit a critical resistance and went right back down.

This is a bearish line that is keeping Bitcoin from jumping this limit. However, Bitcoin has been able to hold its ground at the ongoing level and maintain its balance between the $8,470 high and $7,700 low.

Actually, the price is sitting ideal waiting for either bulls or bears to make an appearance. The resistance target for bitcoin right now is at $8,300 and if it has to go beyond $8,500, the price has to break above $8,400.

If the prices have to go lower, the support is at $8,180 and then at $8,100 that will help the prices from going below the $8k mark.

Bitcoin ready to explode higher

Bitcoin is at a crucial stage which people believe is going to hit a new number soon. According to Spencer Bogart, who is a partner at Blockchain Capital and former Bitcoin Analyst predicts the bull rally is waiting to go higher.

“Bitcoin is a tinderbox, right now that is waiting for reasons to go a bit higher whether its global wars or trade wars, whether it is an ETF approval, etc. I think any number of catalysts can send Bitcoin exploding higher.”

Bogart also said that Bitcoin just might have hit its bottom this year and is expected to see new highs. He is also expecting more regulatory approvals to come before further adding,

“The cat’s already out of the bag, innovation is going elsewhere if the SEC doesn’t get on board soon.”

In May, when Bitcoin was falling, Bogart has said it is the only coin that is worth buying while others are “over-promising and under-delivering”.

Bitcoin has always proved that it can recover even if the bulls have taken a back step. Given the fact that bulls seem to be only slowing down, the prices can be expected to reach new highs.

5 Reasons this is the Market Breakout We’ve All Been Waiting For

After six months of frustrating swings of the pendulum with virtually no net movement, it seems the market breakout we’ve long been anticipating has finally arrived.

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Stocks edged out to new all-time highs on Monday, picking up where the end of last week left off, when the S&P 500 broke through three-month resistance on Friday. The index is now up 5% in the last three weeks, and has risen for four straight days.

But the break to new highs isn’t the only reason to believe that a sustainable market breakout is upon us. Here are four other promising signs/factors:

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Market Breakout Signs

  • The Plummeting VIX. The CBOE Volatility Index (VIX) is down to 12 as of this writing, its lowest point since July, and down from as high as 20 earlier this month. Because the VIX is a forward-looking, options trading-based indicator, the sharp decline in volatility looks like a sign that investor fears—related to trade war, impeachment, a potential recession, etc.—are fading.
  • The Calendar.Seasonal investing isn’t something you should swear by. But historically, November and December are the two best months for stocks, and the end of the “Sell in May, Go Away” period. That wasn’t the case last year, when the fourth-quarter market correction actually accelerated in one of the worst Decembers ever for stocks. But Black Friday and the holiday shopping season are typically good times to invest, and it usually starts shortly after Halloween.
  • The Fed. The Federal Reserve is expected to slash interest rates again this week. Economists are putting the chances of a third straight cut of the federal funds rate at 93% when Jerome Powell makes an announcement on Wednesday. Interest rate cuts historically are not a good thing for stocks in the long term, but they usually provide a short-term jolt—though, given the overwhelming odds in favor of a rate cut, it’s likely already baked into the market’s cake at this point.
  • Our Market Timing Indicators. Mike Cintolo, our resident market expert and Chief Analyst of our Cabot Growth Investoradvisory, has developed three market timing indicators that measure the intermediate- to long-term health of the stock market. As of this writing, all three of them are positive.

Here’s what Mike wrote last week about his Cabot Trend Lines indicator, which is determined by the 35-week moving average of the S&P 500 and Nasdaq:

“It’s easy to lose sight of given the seemingly endless chop and growth stock weakness, but the bull market is alive and well. Despite no net progress for five-plus months, our Cabot Trend Lines remain positive, with both the S&P 500 (by 2.7%) and Nasdaq (by 2.2%) finishing last week north of their respective 35-week moving averages. This is one of the big reasons that the market’s next big move is likely up.”

Bottom Line

We’re not weathermen at Cabot. We try not to forecast what might happen next with the market; we simply go off the evidence in front of us. And right now, the evidence – new all-time highs, plummeting VIX, our own market timing indicators, etc.—is overwhelmingly in favor of this market breakout being the real deal.

Of course, the latest alleged peace treaty with China could collapse and prompt yet another trade war-induced pullback. Or third-quarter earnings season could worsen. Or, there’s a 7% chance the Fed could throw a curveball and not cut rates again on Wednesday, which could cause temporary panic.

But odds are, a month from now share prices will be higher than they are now. And hopefully the trend will continue well into 2020.

Financial News, Stock Tips, and Investing How-Tos

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Bitcoin Breakout Opportunity Identified by Popular Analyst

In This Article

The majority of Bitcoin BUY NOW ’s gains occur only several days a year. In order not to miss out on these gains, HODLing is allegedly the most profitable trading strategy.

Since 2020, the majority of Bitcoin’s annual performance occurs during 10 days of the year. If we begin in 2020 and remove the most profitable 10 days for each year, Bitcoin would be down by 25 percent. Therefore, in order not to miss out on them, Binance research suggests that HODLing is actually more profitable than trading.

However, this does not mean that profitable trading opportunities will not arise. Cryptocurrency analyst and trader @themooncarl stated that Bitcoin may be at a suitable place to initiate a long due to its bullish trading pattern.

Additionally, he suggested that waiting for a breakout and buying afterward would be the safest play.

Let’s analyze this movement and see if a breakout is indeed likely.

Longs vs shorts on BitMEX: 46.53% vs 53.47% (People are bearish)#Bitcoin just hit its 61.8% fibonacci golden retrace from the beginning of the 40% pump.

Bitcoin is in a falling wedge which has a 70% chance to break up!

Bitcoin in a Descending Wedge

The Bitcoin price has been trading inside a descending wedge since making a rapid upward move on October 25.

Besides the fact that the Bitcoin price is at a very significant support level, there is strong bullish divergence developing in both the RSI and the MACD. Therefore, a breakout seems likely.

First Method

As stated in the tweet, one way to trade this movement would be to wait for a breakout and buy on the retracement. A retracement is a very common movement after a breakout.

However, there are several reasons why we do not believe this is necessarily the best way to trade this.

  • First, due to the fact that the resistance line is descending, it is difficult to place a stop loss at a place where it will likely not be triggered.
  • Additionally, due to the fact that we are buying at a higher price, the R:R ratio is not very exceptional. For example, entering the trade at $8800 with a stop loss below $8600 and a target of $9500 would give us a 2.5:1 R:R ratio.

Second Method

Perhaps the more optimal way to trade this would be to enter the trade while the Bitcoin price is still inside the support area of the wedge — therefore, not waiting for the breakout to occur.

This would allow for a placement of a stop loss below $8400, which is a significant support level and below the support line. Also, keeping the same target, it would give us a 4:1 R:R ratio — a much better rate.

Disclaimer: This article is not trading advice and should not be construed as such. Always consult a trained financial professional before investing in cryptocurrencies, as the market is particularly volatile.

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Перевод песни I’ve Been Waiting (feat. Fall Out Boy) – Lil Peep & iLoveMakonnen

I’ve Been Waiting (feat. Fall Out Boy)

I’ve been waiting (I’ve been waiting)

I’ve been waiting up ’cause I can’t get enough, oh

I feel I’m fading (Yeah)

When I fall apart , your needle sews my heart, oh

Fuck me up and make me just go crazy

Addicted to the pain that you just made me love

I’m fiending for your touching on the daily

You’re the only one that I want

Break my heart but don’t tell me I’m not doing fine

‘Cause I’m doing fine

Let me go , I’m spending time

Not doing fine but I’m doing fine

Why you acting vain for my love, vain for my love

When you got everything that I want?

Why you acting vain for my blood, vain for my blood

When you got everything that I want?

I’ve been dreaming

Of your uniform, your uniform of non-conformity

The tears, the tears

Tears aren’t strong enough, the years aren’t long enough, no

Fuck me up and make me just go crazy

Addicted to the pain that you just made me love

I’m fiending for your touching on the daily

You’re the only one that I want

Break my heart but don’t tell me I’m not doing fine

‘Cause I’m doing fine

Let me go , I’m spending time

Not doing fine but I’m doing fine

Why you acting vain for my love, vain for my love

When you got everything that I want?

Why you acting vain for my blood, vain for my blood

When you got everything that I want?

Why you acting vain?

It’s hard to miss you when you are always on the tip of my tongue

I feel like I’m looking for something, something that’ll never come

Call me when you’re in the city again

My head just went oblivion

It’s hard to miss you when you are always on the tip of my tongue

(Always on the tip of my tongue)

And now the time is right, you wanna do me so wrong

Now the time is right, you wanna do me so wrong

When I’ve been waiting (I’ve been waiting)

Long for you (Long for you)

I wanna drink my wine, I wanna pass that by

I wanna make her cry, she wanna make me die

Apple pie, six cigarettes

And I’ll catch the vibe that we can’t forget

Why you acting vain for my love, vain for my love

When you got everything that I want?

Why you acting vain for my blood, vain for my blood

When you got everything that I want?

Why you acting vain?

It’s hard to miss you when you are always on the tip of my tongue

I feel like I’m looking for something, something that’ll never come

I’ll be waiting (I’ll be waiting)

I’ll be waiting (For you)

And now the time is right, you wanna do me so wrong

And now the time is right, you wanna do me so wrong

(I’ll be waiting for you)

Я ждал, потому что мне недостаточно, о

Я чувствую, что я исчезаю “Да”

Когда я распадаюсь на части, твоя игла сшивает мое сердце, о

Запутай меня и заставь меня сойти с ума

Зависим от боли, которую ты просто заставила меня полюбить

Я каждый день одержим твоим прикосновением

Ты единственная, кто мне нужен

Разбей мне сердце, но не говори мне, что я не в порядке

Потому что я в порядке

Отпусти меня, я трачу время

Не бывая в порядке, но я в порядке

Почему ты ведешь себя так самонадеянно для моей любимой, самонадеянно для моей любимой

Когда у тебя есть все, что мне нужно”

Почему ты ведешь себя так самонадеянно для моей родной, самонадеянно для моей родной

Когда у тебя есть все, что мне нужно”

Почему ты ведешь себя

Твоя форма, твоя форма неподчинения

Слезы не достаточно сильны, годы недостаточно длинны, нет

Запутай меня и заставь меня сойти с ума

Зависим от боли, которую ты просто заставила меня полюбить

Я каждый день одержим твоим прикосновением

Ты единственная, кто мне нужен

Разбей мне сердце, но не говори мне, что я не в порядке

Потому что я в порядке

Отпусти меня, я трачу время

Не бывая в порядке, но я в порядке

Почему ты ведешь себя так самонадеянно для моей любимой, самонадеянно для моей любимой

Когда у тебя есть все, что мне нужно”

Почему ты ведешь себя так самонадеянно для моей родной, самонадеянно для моей родной

Когда у тебя есть все, что мне нужно”

Почему ты ведешь себя так самонадеянно”

Сложно скучать по тебе, когда ты все время вертишься у меня в голове

Мне кажется, что я ищу что-то, что-то, что никогда не появится

Позвони мне, когда снова будешь в городе

Моя голова только что впала в забвение

Сложно скучать по тебе, когда ты все время вертишься у меня в голове

“Все время вертишься у меня в голове”

И сейчас подходящее время, ты хочешь поступить со мной так несправедливо

Сейчас подходящее время, ты хочешь поступить со мной так несправедливо

Когда я ждал “Я ждал”

Тебя долго “Тебя долго”

Я хочу пить вино, я хочу обойти это стороной

Я хочу заставить ее плакать, она хочет заставить меня умереть

Яблочный пирог, шесть сигарет

И я поймаю настрой, который мы не можем забыть

Почему ты ведешь себя так самонадеянно для моей любимой, самонадеянно для моей любимой

Когда у тебя есть все, что мне нужно”

Почему ты ведешь себя так самонадеянно для моей родной, самонадеянно для моей родной

Когда у тебя есть все, что мне нужно”

Почему ты ведешь себя так самонадеянно”

Сложно скучать по тебе, когда ты все время вертишься у меня в голове

Мне кажется, что я ищу что-то, что-то, что никогда не появится

Я буду ждать “Я буду ждать”

Я буду ждать “Тебя”

И сейчас подходящее время, ты хочешь поступить со мной так несправедливо

И сейчас подходящее время, ты хочешь поступить со мной так несправедливо

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