“ THE SCENARIO OF BITCOIN BOTTOM ZONE IN 2019 "
Okay. Firstly, I must to say that is EDUCATION post I want to give all you a comparison with 2014 like many charts that I have been public before. So this is my viewpoint getting from scenario of 2014 - 2015 and how can we see that in 2019 if it happen again ?
I help bring for all you a general vision in very long term. We can not we predict very far from now because the market do not show for us that what it want to do in future.
So I think by comparing with the history and comparing with other financial market and combine with some signal, these will give us the best way for predict.
So let begin reading, please help me LIKE this post for encourage our work hard every day.
I also have 3 post analysis comparing with 2014 - 2015 so I will public these in below this post. This analysis is very detail about how Bitcoin going in bottom zone.
Okay, so you can see all 2 chart in above for general view.
What do you see ? We just break down yearly support like 2014. And now we are bouncing from Bottom 1. Next we will see Bottom 2 ( the lowest bottom in all time downtrend period )
Look fast, we have Pattern that I reveal for all you long time ago that we may have it in bottom zone. But what about target of each bottom ?
As in 2014 - 2015 , the Bottom 2 is lower - 39% than Bottom 1, so if this happen with 2018 - 2019 so a Bottom 2 will be 1954$ and this is also a very good support that built in 2017. We can hope for that will become lowest price for all time downtrend.
So what about Bottom 3 ? Bottom 3 is higher than Bottom 2 in 2321$ also a strong zone.
After Bottom 2, we may test Bottom 1 and having Bottom 3 in after. Then we must test Bottom 1 again before test Bottom 3 in last time.
Finally we overcome bottom zone, we going up and test yearly support ( 5795$ ) before correction to 4947$ and next bull run begin.
After Bottom 3 occur, we will have Pattern and we need to break up the neck line for going up and build strong momentum for next cycle will be happen.
This is just small idea of me for the SCENARIO OF BOTTOM ZONE IN 2019.
Thank all you for reading and hope all you LIKE this!
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BITCOIN - WHERE WE ARE IN CYCLE ? - LONG TERM ANALYSIS
The similar of Bitcoin from the past