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Bitcoin halving event

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On 06/05/2019 at 13:54, Caseynotes said:

This is an interesting log scale (2 weekly) chart published end of Jan 19 on bitcoin price in relation to halving dates. Current 1 week chart below that.

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Just to update that Log scale weekly chart from the Original Post of the thread.

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BTC pausing at 13000 after continuation up on a successful retest of resistance now support at 12000 yesterday.

H4 chart; 

image.thumb.png.7d01f1d6904ae986680235ef337de5c8.png

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BTC really tanking now, has dropped back down through the resistance zone to 11740.

image.thumb.png.403b1502e7c77770187f8aacf8b01956.png

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BTC looking like it's wanting to re-check support at the recent low 11150.

H4 chart;

image.thumb.png.40a3127dc6b93798678f8cdc6cf35e3d.png

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Looking to retest recent resistance at 11803 after support found at 10958.

H4 chart;

image.thumb.png.1ed12cbaf6898f36f58be0887caa87da.png

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BTC currently capped at 11451 and reaching down towards the recent low and confirmed support at 10797.

H4 chart;

image.thumb.png.96ea514be37647017833f74003cdbe2b.png

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Weak bounce up off 9842, more downside seems likely and a possible retest of 9628 the low of 2 weeks ago. Resistance overhead around 10700.

H4 chart;

image.thumb.png.2156552eb53e9cc831f8854c18a89c5c.png

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Posted (edited)

Hmmm, wondering it that's THEE Mladen joined the community, hope so. @Mladen

famous MT4 indicator coder.

Edited by Caseynotes

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Interesting comparison in the daily BTC and Gold charts both showing consolidation following a period of uptrend though Gold has a more flag type look to it.

BTC back up to tussle over 10800 support turned resistance.

Daily and H1 charts;

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BTC drops below the June low which may now act as resistance (9626) while 9226 is recent support.

H4 chart;

image.thumb.png.5928ef3c449edc4611a657ead4c3f749.png

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BTC trying to break lower again passing through the recent low 9226.

H1 chart;

image.thumb.png.03d1b25f1ac5ce8c3716edcadaa13a7e.png

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Finds support at 9061 then checks resistance at 9966, recent short term support overnight at 9628 and looking now at another test of the resistance level, failure should lead to a test of 9061 support.

H4 chart;

image.thumb.png.0588dad41271bbd07051cd5751e2af78.png

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From this morning post BTC went for the retest of the low but didn't get there, then stormed back through 10,000. Now at 10570.

H4 chart;

 

image.thumb.png.704dbf3f2ccb7c9c7a062ea22c31b2d4.png

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BTC and bears making use of an old support/resistance level around 10830 (green line) to turn price down, price now looking for support.

image.thumb.png.d1f515346e50eae9f4437250ec084e00.png

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BTC had another try to break the old support turned resistance level mentioned in this mornings post, rejected again which just shows how important these support and resistance levels are.

image.thumb.png.fb1c38820b0947fb295ba56aaefa9050.png

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BTC made a break up to test 11083 then down to check support at 10446, the latest bounce up looks strong on the lower time frames so expecting another try for 11083.

H4 chart;

image.thumb.png.cfa2d7d85fcb763b59c8ac170d2d6687.png

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Still capped above by 11083 and below by 10310 and looking content to travel sideways, needs a push one way or the other.

H4 chart;

image.thumb.png.9004bd870403f3989dbf74670dfe5bc3.png

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BTC tested support at 10044 but still looks inclined to try lower rather than head back up, short term resistance at 10660.

H4 chart;

image.thumb.png.cad7f508513aba96557cf4b2fe27f506.png

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BTC puts in a H4 pause at 9669, below is the daily support level 9061.

image.thumb.png.5f5e308b6b4f8853e392586825d72440.png

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"Ever wondered how $BTC performs during a certain months? Here is the historical monthly performance since 2012. Lowest returning month: Jan. at -0.18% on average with 3 green & 5 red months. Highest returning month: Nov. at 75.58% on average with 6 green & 1 red month."

₿itDealer @Bitdealer

image.thumb.png.7e1de086e1735d8ffe84fe30ed42119c.png

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Big pump down in the last 15 minutes to test daily chart support level 9496.

H4 chart;

image.thumb.png.ca62763bb7920e91fb14c0a7aebb5b22.png

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BTC retests the weekly chart support level 9061 and gets a strong bounce sending it back above daily chart resistance 9496, currently retesting 9496 from the top side.

H4 chart;

image.thumb.png.f3ae65d1d2a90d2a9ad3bafcb5c83d4a.png

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BTC turns down at recent resistance level 10150 and heads back towards 9743.

H4 chart;

image.thumb.png.79823bb1f743114bd9b678454dacd79e.png

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