Hello.
Do not be fooled by the appearance of this chart. I had some fun with the brush, but all parts of it have solid reasoning, and a fair basis for a future path for BTC.
Things to notice:
1) The gray and yellow wedge, this is one possible route for BTC. It is possible since the deep fall in late winter (allowed for it on charts). If BTC follows this, I believe the bottom will be the 5800-6k region-- this is nothing new.
2) The other number you may have heard about is that 4900$ region, a fibonacci level from start of bull run in 2017 to top level in 2017. This is a great and reasonable turning point for BTC if it is in the red channel.
Other things, notice how beautifully the break out targets correspond to a bullish channel beginning from what has already happen with BTC. Not only that, the targets are Fib #'s and clearly correspond to the tops of out descending times. I believe a breakout of either of these downward channels would see 10k reasonably soon. However, how unhealthy would it be to be back at 20k this december? that is a matter of opinion. But I like the idea of continuing these channels. Best case, I would predict 15k for BTC this winter. Guys, BTC to the moon in december of 2019 (+/- a month).
The charts go so much based on what is beautful and pleasing, that is why people do charts, why charts work-- bc we want them too!
If you have any suggestions, comments please let me know. I am almost 90% sure that paths on this chart will be taken in coming year. Bc that would be crazy if they didnt.
This is what makes sense to me.
Do not trade off my OPINION here. Please make your own decisions, but use this beautiful chart idea as information to help you make your own investing choices.
Do not be fooled by the appearance of this chart. I had some fun with the brush, but all parts of it have solid reasoning, and a fair basis for a future path for BTC.
Things to notice:
1) The gray and yellow wedge, this is one possible route for BTC. It is possible since the deep fall in late winter (allowed for it on charts). If BTC follows this, I believe the bottom will be the 5800-6k region-- this is nothing new.
2) The other number you may have heard about is that 4900$ region, a fibonacci level from start of bull run in 2017 to top level in 2017. This is a great and reasonable turning point for BTC if it is in the red channel.
Other things, notice how beautifully the break out targets correspond to a bullish channel beginning from what has already happen with BTC. Not only that, the targets are Fib #'s and clearly correspond to the tops of out descending times. I believe a breakout of either of these downward channels would see 10k reasonably soon. However, how unhealthy would it be to be back at 20k this december? that is a matter of opinion. But I like the idea of continuing these channels. Best case, I would predict 15k for BTC this winter. Guys, BTC to the moon in december of 2019 (+/- a month).
The charts go so much based on what is beautful and pleasing, that is why people do charts, why charts work-- bc we want them too!
If you have any suggestions, comments please let me know. I am almost 90% sure that paths on this chart will be taken in coming year. Bc that would be crazy if they didnt.
This is what makes sense to me.
Do not trade off my OPINION here. Please make your own decisions, but use this beautiful chart idea as information to help you make your own investing choices.
But IFFFF this chart goes as llisted, BTC will have had one hell of a good correction/wave/who cares, this will make investors more comfortable, bullish sentiment, mktcp undoubtoubly will be in trillions. BTC will forever hold value.