MichaelvandePoppe
Long

Bitcoin Prediction - $125.000 End of 2019 (Joy Chart)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin             Monthly Timeframe Update

This chart is more of joy, then to be real. Been checking this one and I've posted about this one earlier.

If we apply the Elliott Waves theory, then we're retracing now and in that case 2018 won't be a big year --> bearmarket or at least sideways.

On my Twitter I've been posting about this one that we've had the huge drop already, so the market will remain calm and ideal for daytrading --> sideways I love.

As we see, RSI was 95 during the last months of December + MACD turning upwards and going flat now. This one HAD to come down.

Expecting to see the bottom around $5.000, going up slowly and afterwards we'll be hitting $100.000-150.000 end of 2019-2020.

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