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PinkCryptoVN
Aug 20, 2019 7:06 PM

BTC | Accumulation stage Long

Bitcoin / DollarBitfinex

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Good luck!

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Watch out for the green line of the channel. This line should be a major support for BTC.

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BTC bounces from 12 monthly MA

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Right on track.

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Bullish sign | 2020???

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MACD in Daily, Weekly, Monthly chart are showing the bullish sign.





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Comments
lucatoscani
I agree. if we consider that looking at the past cycle bitcoin did exactly 100 X (20,000$ , dec 2017) from the previous low (Jan 2015, approx 200$). This new low (december 15, 2018) was 3120 $, so if history repeats a high of 312,000$ towards the end of 2021 is certainly possible
PinkCryptoVN
@lucatoscani, Totally agree.
PinkCryptoVN
@lucatoscani, When it reaches to 300K level, there will be a correction to 100K. And then it will do 100x in the next 4 years cycle to reach the highest point somewhere $1 million/btc. After that BTC will go side way for a very long long time because there's no more BTC that produce from miners.
geo.rahimi
@casidom, Exactly
FX_Baku
Good Analysis!
PinkCryptoVN
@FX_Baku, Thank you.
Evo3
Is 3k out of the picture?
PinkCryptoVN
@Evo3, Nope.
ferGOD
Great work! Continues! We go together
PinkCryptoVN
@ferGOD, Thank you. Let's ride together. It's about time. :)
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