DollarsAndSense

BTC/USD $$$ 2018 Where will the price close $100k+? Read below

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello Traders,

Many receive advice, only the wise profit from it.

What’s possible for the most talked about currency in the world in 2018. I think if we want to see what’s possible we need to have a look back over the last 12 months. In February 2017 BTC             was around 1250USD and going sideways.

I have posted yesterday about my belief for the next few months we are likely to mimic that action with Price ranging between $6,000 the 200ema and , $10,000 and $12,000. Don’t worry traders as the currency matures and levels develop it will become easier and easier to make money from these ranges and the moves between them. For the buy and hold guys a bit more patience will be required.

In late April/early May we say the coin started to slowly accelerate. Really it was nothing special cruising up to around 3.500USD in late September (special in percentage terms but not for what bitcoin             has done in past) It was solid progress. From October to late December in 3 months it went up more than 6 times its value as word of its success spread and people poured in to share in the easy money. Greed ran rife and price smashed up, and for those that owned BTC             we made great money.

We have now seen the pull back and as I have said it looks to be like a return of the ranging type behaviour of early last year. Of course this time last year we were at $1250, and this year we at 8800. If we were to see the same pattern as last year with some consolidation, followed by some slight buying, followed by the same excited bull rally where would we go $1250 x 1500% is $18750, which we achieved last year. Starting from $8800 this year, $8800 x 1500% is 132,000USD. So who is still picking $100,000 USD? This is a coin that does what it wants and has very little interest in whats normal.

While there are more professionals moving into the Crypto space, this is still an ametuer domain really, and therefore value runs a lot emotion rather than logic. As a trader would I pick 100K, no way. But as someone who has seen the power of greed I have no doubt it could. This is partly a social currency and will move to some degree on the mood of the people.

So what about the technical. For me they are simple and dangerous. If we get a daily close below $6000 I will be getting short or on the side-lines. Things can get crazy down there.

Before we can know how strong this bottom is we need another low. For me a low has two bars above it on both sides, and we don’t have one on a daily chart since $6,000. Ideally for me the most bullish sign would be a retest of $6,000 with the new low forming there. This will confirm for everyone that there are buyers at the level and create some confidence going forward.

From there we will need to break, come back and extend one at a time off the 200ema, $10,000, and $12,000 levels. For me this could easily be a while away, and when it is confidence will have returned, everyone will be talking about top side targets and well, from there this may be partly an emotional game again.

I believe we will see the consolidation and the slow gains, I think good traders, will make plenty while that happens. After 12000 is broken we will see a different psychology and anything is possible, even $100,000.

Always remember if you want to make dollars your decisions need to make sense. This is a time for patience and a rebuild of confidence. During this time take profits early.

Follow me and we can make more Dollars from Sensible trades throughout 2018.
Followers I appreciate all of your support.

Join our telegram for free trading advice and analysis https://t.me/dollarsandsensescrypto

15 years knowledge in financial markets

Free signals at https://t.me/dollarsandsensesignals
I hope youre right, cause if you look back in history you see that after a super crazy bull run there was 2013-2015 bearish years.
+1 Reply
Interesting, do you also consider a bear continuation for now ? see:

Reply
Thank you
Reply
DollarsAndSense ThomasNguyenAU
@ThomasNguyenAU, Your most welcome I look forward to trading with you
+1 Reply
ThomasNguyenAU DollarsAndSense
@DollarsAndSenses, I follow you to have a successful trading year. Thanks for sharing
Reply
Hi,

I kind of agree that we will see another attempt at the bottom. however, i think we will test 11-12k range before that. There are too many poor souls there who bought BTC thinking the correction is over.
Reply
DollarsAndSense retiringsoon1
@retiringsoon1, yes we can see some sideways action for a while also.
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out