Hello
Bitcoin is still the top concern in the Crypto market, not only for you, for me but for all venture capitalists in the crypto market today.
With mixed forecasts in the market, we would like to make a long-term forecast from the perspective of a stock investor as follows:
The first cycle: correction to the Fibonacci Retrace 50%
Technical analysis shows that in the current trend BTC is creating a short-term uptrend trend that lasts from June 26, 2018 to September 13, 1818, the short-term uptrend is determined to be $ 5800 up to $ 12500 or even higher half. We see that in this area, the prices have grown quite well, with the return of market sentiment, investor confidence has returned. Thought of buying the bottom of investors led to push up the price of BTC high growth of more than 100% of value. In the $ 12500 area we will take profit from our entire Bitcoin to catch a long-term downtrend going on.
Second Cycle: Continuing decline to Fibonacci Retracement 61.8%
The price that we determined to fall back to $ 3964.74 to $ 4714.4, which is more than 60% of the value of the BTC. The downside pressure in this area will be faster and with weaker strength than the downside from the $ 20,000 peak, we appreciate the $ 3900 area and calculate buying in this area to prepare for the beginning of a cycle. Rising prices in the third cycle below. We believe that this area will last a long time, investors turn to Altcoin trading led to the boom of the Altcoin market with very strong price targets. This cycle is expected to last until April 2016
3rd Cycle: Bitcoin growth has never hit target 35000 USD
In this cycle, investors will focus on trading Bitcoin, dollar weaker than Bitcoin. This is an unprecedented opportunity after a series of missed opportunities in history with Bitcoin. We will keep the BTC and take profits when we reach the target of over $ 35,000.
Why do we appreciate the future growth of Bitcoin?
1. The cycle of the bull market is Uptrend, going up, the price decreases are now only a correction trend, not reflecting the main trend of Bitcoin is the price increase and price increases
With blockchain technology changing the world, Blockchain is a blockbuster for the cost-intensive centralized management industry that needs a "middleman" to solve the problem.
3. The indispensable weakening of USD. Thanks to smart economic policies, the US economy is slowly regaining momentum, the dollar strengthens and pairs of USD transactions weaken. However it does not reflect the main content from the US dollar is its weakening, the dollar will plunge and lose value in the future and currency pairs with the dollar will strengthen.
These judgments are for reference, but if you like please share and share
Wish you successful trading!
Bitcoin is still the top concern in the Crypto market, not only for you, for me but for all venture capitalists in the crypto market today.
With mixed forecasts in the market, we would like to make a long-term forecast from the perspective of a stock investor as follows:
The first cycle: correction to the Fibonacci Retrace 50%
Technical analysis shows that in the current trend BTC is creating a short-term uptrend trend that lasts from June 26, 2018 to September 13, 1818, the short-term uptrend is determined to be $ 5800 up to $ 12500 or even higher half. We see that in this area, the prices have grown quite well, with the return of market sentiment, investor confidence has returned. Thought of buying the bottom of investors led to push up the price of BTC high growth of more than 100% of value. In the $ 12500 area we will take profit from our entire Bitcoin to catch a long-term downtrend going on.
Second Cycle: Continuing decline to Fibonacci Retracement 61.8%
The price that we determined to fall back to $ 3964.74 to $ 4714.4, which is more than 60% of the value of the BTC. The downside pressure in this area will be faster and with weaker strength than the downside from the $ 20,000 peak, we appreciate the $ 3900 area and calculate buying in this area to prepare for the beginning of a cycle. Rising prices in the third cycle below. We believe that this area will last a long time, investors turn to Altcoin trading led to the boom of the Altcoin market with very strong price targets. This cycle is expected to last until April 2016
3rd Cycle: Bitcoin growth has never hit target 35000 USD
In this cycle, investors will focus on trading Bitcoin, dollar weaker than Bitcoin. This is an unprecedented opportunity after a series of missed opportunities in history with Bitcoin. We will keep the BTC and take profits when we reach the target of over $ 35,000.
Why do we appreciate the future growth of Bitcoin?
1. The cycle of the bull market is Uptrend, going up, the price decreases are now only a correction trend, not reflecting the main trend of Bitcoin is the price increase and price increases
With blockchain technology changing the world, Blockchain is a blockbuster for the cost-intensive centralized management industry that needs a "middleman" to solve the problem.
3. The indispensable weakening of USD. Thanks to smart economic policies, the US economy is slowly regaining momentum, the dollar strengthens and pairs of USD transactions weaken. However it does not reflect the main content from the US dollar is its weakening, the dollar will plunge and lose value in the future and currency pairs with the dollar will strengthen.
These judgments are for reference, but if you like please share and share
Wish you successful trading!
Trade closed: target reached:
All target done
bullish
bullish
3 points on Bitcoin's order:
i. Continue to fall back to $ 5758, then back test again $ 6810. The downtrend trend should be downward in the correction trend to $ 5109.2. Expected to end this cycle at 15.9.2018
EP: $ 5110
ii. Spread across the $ 5100 range and pump aggressively. Breakout resistance at $ 6800 and rising to $ 8583.6
TP: $ 8500
iii 0.49% . Re-point BO at $ 6796.2 and increase to $ 12533 target price
TG: $ 12500
* Entry points are canceled if the difference of 5% (SL)
Like and share if you like!
Thanks!