Procinctu
Long

Bitcoin $100,000 and Beyond ($330,000?) for 2019

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Here is the bitcoin             price prediction chart. The article in its entirety can be found at http://procinctu.info/bitcoin/bitcoin-2019-100000-300000-bitcoin-coming/

There are those who unfortunately only buy into bitcoin             manias to ride the rocket to the moon, to get rich quick, to buy lamborghinis….They make the price bubbles possible, and oftentimes are parted with their money. There are others who day trade cryptocurrencies as a stocktrader trades stocks. There are others who are true believers and “hodl” at any price, in hopes of an unimaginable wealth in the future. All of these groups of people must utilize the story told in the chart. And that is the story we will predict here.

I’m not ignorant of the fact that many have travelled down the ‘price prediction’ trap. It’s a dangerous territory putting one’s trustworthiness, credibility, and authority at risk. Also, consider these dates and prices as entertainment purposes. Don’t remortgage your house because you read on a blog that bitcoin             would be worth $300,000 … you know? With that, here we go…



The first point to make is that bitcoin             is a creature of habit. As you can see from the charts above, the bubble from 2017-2018 has an identical structure as does the bubble from 2013-2015. One major note is that bitcoin             is moving almost twice as fast this time when compared to last time. The above chart is a weekly chart, and the current chart is a 4 day chart. IF we see a higher high in the very near future, I count the next bull run as being activated. If the higher high is delayed, this entire prediction will be off.

A few other things to look for… We should see price break through the 50 day moving average line, and we should see volume really pick up on a bullish move.



Another fact worth considering, is that the ‘bubble crash’ followed by a ‘cup and handle’ formation is not unique to bitcoin             . This happens to many stocks as well. While some companies never recover from such a crash, others, like Amazon, soar exponentially. For example, after the dot com bubble in 1999, Amazon lost over 90% of its value, and bottomed at nearly $10 a share. Today, that $10 share is now valued at nearly $2,000!!

Again, current bitcoin             price is moving even faster than Amazon. The Amazon chart is a 2 week chart, and the current bitcoin             chart is a 4 day chart.

As for the price predictions on this chart, please take them as approximates. Bitcoin             is so volatile, that I don’t pretend to KNOW what exactly is going to happen. This is merely my best guess based on previous bitcoin             price movement…

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This current $6,000 – $7,000 price level is a great spot to accumulate in my opinion. Could there be a capitulation and a dump in price? Sure. But I would expect such a dip to be followed by a violent rip upwards in price. This is a great spot for long term positions considering the potential long-term prices.

The key potential prices and timelines:

**End of 2018 – $10,000
**New all-time high over $20,000 by July 2019
**$100,000 level reached in December 2019
**Bubble top up to $330,000 in December 2019
**Crash down to near $100,000 accumulation in 2020
**Wild card: next bubble top before 2022 near $5 million!

As before, when Bitcoin             popularity grows, euphoria takes hold, prices skyrocket, then FUD (fear, uncertainty, doubt) is interjected, people will panic, the price will fall, there will be an accumulation period, then people eventually start using it again, then it’s popularity grows, euphoria takes over, and on goes the cycle….albeit with a new floor and support.

Regardless of how accurate these price predictions are, it is not a bad move to add Bitcoin             to your cash and tangible assets. The potential of bitcoin             , cryptocurrencies, and blockchain is real. $100,000 Bitcoin             is not that far away.

Lastly, here is an interview I gave in March 2018. This is the part of the interview in which we spoke of the future price of bitcoin…

https://youtu.be/0n_cuGtJ4xQ?t=31m21s

How do I buy some? How can I trade it?
The easiest way for a beginner to buy bitcoin             is through Coinbase. The link is my referral link. Upon buying or selling $100 worth of bitcoin             , we both get $10 worth of bitcoin             added to our accounts. Coinbase is FDIC insured for it’s cash deposits, and you set up your account much like you would a bank account. However, there is no branch you need to go to, you submit everything digitally. It’s fairly easy and a decent option for beginners.

To trade bitcoin             (and other cryptocurrencies), you first should be a competent trader with a trading plan! There are some exchanges which allow highly leveraged positions, with forced liquidations, and its just an all around bad recipe for beginners. That said, I personally use Kraken, Binance, Coinbase, and Bittrex.

If you need any help, feel free to reach out to me. I will help you free of charge as much as is reasonable. And if you need help setting up accounts or anything requiring more time, I’ll just ask for a nominal fee.

Also, I recommend Real Life Trading’s Crypto Course if you would like to start from scratch with a 5 video intro series to bitcoin             , blockchain, and trading.

Conclusion
Heading into 2019, the Trump Rally may be nearing it’s end, and many emerging markets are already showing signs of a correction. As money flows out of equities, it very well may end up in cryptocurrencies.

Consider taking advantage of, or at least studying, the current opportunities in Bitcoin             , other cryptos, and even the much maligned silver             and gold             . Oh, and instead of Lambos, may you be good stewards of your future crypto wealth. If you found this article helpful, or even entertaining, please consider throwing me a few satoshis. I don’t have nearly as many as I should, but that’s a topic for another article. BTC: 34uRmHJKD6FDYEgAsrGZk5jkcLNYeDruEG

-Travis
JMJ - UIOGD
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