The big question when looking to invest in cryptocurrency is what's the true value.
NOT the mining cost, NOT the belief of what it should be worth, but the real value in day to day exchange.
Analysing Bitcoin on the 21st February 2018 I predicted price would inevitably fall from $10,440 to $1,000.
Although I would like to tell you I have a crystal ball and can predict the future, unfortunately I can't, however what is predictable is human impulsive behaviour.
Looking at the current technicals we have one final ( minor ) support at $3,000.
Should price break $3,000 then there is no reason why $1,000 is out of the question.
What are your predictions as we close out 2018?
NOT the mining cost, NOT the belief of what it should be worth, but the real value in day to day exchange.
Analysing Bitcoin on the 21st February 2018 I predicted price would inevitably fall from $10,440 to $1,000.
Although I would like to tell you I have a crystal ball and can predict the future, unfortunately I can't, however what is predictable is human impulsive behaviour.
Looking at the current technicals we have one final ( minor ) support at $3,000.
Should price break $3,000 then there is no reason why $1,000 is out of the question.
What are your predictions as we close out 2018?
Comment:
Price failed to consolidate back to $4,500 prior to the continued collapse towards the final support at $3,000.
Comment:
Price is now approaching the key support zone.
Although price continues to fall i am seeing a lot of bullish pressure which is likely to provide a consolidation period of the coming day.
Although price continues to fall i am seeing a lot of bullish pressure which is likely to provide a consolidation period of the coming day.
Comment:
A consolidation did occur back into the zone which has seen an additional selloff.
If we close below $3,600 then keep a close eye on the key $3,000 level.
If we close below $3,600 then keep a close eye on the key $3,000 level.
Comment:
Price has finally began to test the reversal zone ( Daily TF ) i will be keeping an eye on price over the coming week.
