We are looking at very strong support area at 200 MA WEEKLY. If we were looking at fractals we would be expecting to see another minor drop followed by as stronger one in Q4. Nevertheless we should keep in mind that 2015 and 2019 are completely different times even though both timeframes have experienced very strong price suppression. We should also be on a lookout from institutional investors making themselves known within the next few month as well as the release of Bakkt, Nasdaq, Fidelity, BlackRock exchanges and few others later this year.
Bitcoin has been a great long term store of value and appreciation of that value from the time it was created. Short term traders (if unbiased) also have great time shorting and longing breakouts.
Important Thing to Keep in Mind
Even though it's known that Bitcoin is not idea for transaction use as it can easily be beat by other crypto currencies such as XRP, Bitcoin nevertheless will maintain its 'slow' progression upwards in coming years. There will only be 21 Million Bitcoin in existence, with massive part of which is already either lost or stolen.
Price Prediction Within next 12 Month
This question can be answered in few ways...
1. If we were to make an intelligent prediction upon looking at fractals and core indicators, we would start seeing signs of bull run beginning around mid to end July 2019 with price reaching ATH of $20,000 around April 2021 and reaching $100,000 mark by Q4 of 2021
2. If we were looking at general pattern, core indicators and an addition of anticipated events such as Institutional Exchanges going live, larger and broader adoption of cryptocurrency, we would be looking at $100,000 Bitcoin between Q4 of 2019 and Q1 of 2020
To summarize our Bitcoin price prediction and timing, again, we would have a convective target of $40,000 Bitcoin within 12 Month and an aggressive target range of $80,000 - $100,000 Bitcoin within 12 Month
Keep in mind that ALTS are much better alternate to Bitcoin in terms of returns that they are capable of due to their increased volatility.
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If we also take this opportunity to look at CoinMarketCap and it's pattern, we will see that a possible breakout is also expected there which coincides with Bitcoin turning bullish as well as Alts moving into break outs from their 12+ month downtrends.
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SMASH that LIKE button for support guys! Every like really counts!
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Careful in short term as Binance goes into 8 Hour Maintenance. Many have been and will be moving into stable coins for risk minimization during this time. This goes for many alts as well.
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Careful with this update, but also do keep in mind that CBOE expires not he 13th of this month plus we also have strong 200 weekly MA which has not been broken since May 2015 - just take a movement to understand that
That MA is right around $3,400
Worst case scenario is that we see flash dump which I can see go to around $2,700 but that's just a flash dump which can last anywhere from few minutes to few hours. Fundamentals are still strong and until that MA is broken, we should not turn ultra bearish on this set up.
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Just to summarize predictions, you can expect Bitcoin to hit around $100,000 within next 24 Month give or take 4 month if we're talking about slow progression bull run
In more accelerated scenario we would be looking at $60,000 - $100,000 within 12 Month
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Leave a LIKE on this chart for support! Thank you guys and we look forward to providing you with new updates and TA!
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Binance went under maintenance - Bitcoin is responding positively at this time
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Long term holder can enter into this trade comfortably (keep in mind that long term holders translates into holders who are willing to hold this specific digital asset for 12 month or longer)
Medium term holders can wait for confirmation of breakout above $4,000
Short term holders and day traders would wait for Binance maintenance completion before entering any leverage trades
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CryptoMarketCap is following our parabolic curve perfectly on weekly and 45M charts. We also have possible bull ascending triangular pattern which may breakout if we reach 134 Billion we can start looking for possible breakout thereafter
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We have also been following this pattern on Bitcoin as well
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Short term $3,400 area is likely to be hit for liquidity
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Chart in the making...
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UPDATE
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We have trend line right around $3,400
We also see that it is defined as a support area from prior rally
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We can SHORT for around 8% + leverage with tight stop loss
Keep in mind that this would be HIGH RISK trade due to high volatility, uncertainty in the market at this time - regular traders should wait for Binance to come back before entering any LONG positions
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SHORT for PRO traders
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XLM / USD TRADE - NEW - JUST POSTED
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We are maintaining 4H 200MA support - possible bounce off it - don't SHORT it too much
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Bitcoin has stabilized and is heading up again - we might see a green week
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UPDATE - NEW XRP / USD TA ANALYSIS JUST POSTED
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Here's just a quick chart that we did few weeks ago on Bitcoin monthly progression and it's downward wedge bull pattern
Today we are sitting nearly at a breakout point - watch this and next month very closely
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Short term we don't have any good trades to take on leverage since we are right at previous support, now resistance - be careful here if you're in any LONG or SHORT positions
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Volume is still low for Bitcoin as well
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Also just a quick note - I was never invested in Bitcoin, currently not and will most likely never be invested in it
Why?
Because I'm in crypto for the 90% for profit and 10% for tech - and I see coins such as ETH, XRP, XLM, HOT, ADA performing much better compared to Bitcoin. With that said Bitcoin was and will be digital gold of this century.
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If you're enjoying the chart, please leave a LIKE for support! Thank you!
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Bitcoin is bullish again as it maintained short term 200 MA
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Huge most is coming for BTC
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ZEC / USD TA - JUST POSTED
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ZRX / USD TA - JUST POSTED
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XRP / BTC TA - JUST POSTED
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Don't forget to leave a LIKE on this chart! HUGE THANKS!
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CHART UPDATE ON BITCOIN - JUST POSTED
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WARNING - GLOBAL ECONOMIC COLLAPSE IS UPON US - DON'T U SEE IT?
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XRP / USD - NEW ANALYSIS - JUST RELEASED
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BITCOIN UPDATE
WHAT IF THIS IS JUST ON GIGANTIC BULL FLAG THAT WE ARE IN?
Do you ever give up with the FOMO moon boy posts?
Your posts are so incredibly misleading. There's literally no actual trades it's always just an arrow pointing to 100k or more.
You really love to farm them likes. Hope your 'pro' plan isn't screwing people over.
For real though, I'm not trying to be a dick here or anything but you give actual analysts a really bad name. Please put some actual thought behind your content. You getting to front page is so not deserved.
Personally I really don't understand everyone's desire for bitcoin...I mean on the trading side? go trade currencies, enjoy actual regulation. smooth technicals and smaller fees. Just my two bitcoins.
@MC_Peewee, Agree,this is just encouraging novices to the fire fot the sake of some likes. Nothing wrong with sharing a dream but choose something harmless like sport
deactivatedaccount123
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@dRends35, Yep. This guy can't seriously believe it's gonna be this easy. Making it seem like it will be is only going to cause a lot of novices to get raped, just as you said.
This guy should honestly be banned from creating content. All he does is spam moon posts and 'trade active'. But hey, look where he is on TradingView.com and the front page of BTCUSD.
Pretty pathetic.
TEXAGG22
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Anyone who actually believes bitcoin is going to ever go past 20k again is absolutely delusional, imo.
@ThumbSkin, - Its facts, Bitcoin has no real use. It has not been adopted like investors thought, in fact, many institutions and businesses that did adopt it have now kicked it to the curb. It is not stable, its worthless. Its digital fiat. Bitcoin was a one hit wonder like Dotcom Bubble and Real Estate Bubble. Over 2,100 crypto coins yet shrinking market cap and massive list of abandoned and dead coins. This is a massive bubble that is still deflating.
TEXAGG22
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@BankofEngland, In fact, if you look at the numbers, it was the greatest bubble of all time...
Your posts are so incredibly misleading. There's literally no actual trades it's always just an arrow pointing to 100k or more.
You really love to farm them likes. Hope your 'pro' plan isn't screwing people over.
For real though, I'm not trying to be a dick here or anything but you give actual analysts a really bad name. Please put some actual thought behind your content. You getting to front page is so not deserved.
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