Welcome all you guys, XUANHAIMMOER come back with all you by the last promise in yesterday for the Bitcoin update in today with very interesting topic:
“ 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 Inverse Head and Shoulders 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 supply and demand 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 Inverse Head and Shoulders 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!
LOVE ALL <3 <3 <3
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BITCOIN - LEGENDARY ANALYSIS - LONG TERM
BITCOIN - WHERE WE ARE IN CYCLE ? - LONG TERM ANALYSIS
The similar of Bitcoin from the past
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I have been public 3 post analysis also about the bottom zone of me. Get it as refer and hope these helpful with all you guys !
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Help me LIKE this post for support working hard everyday <3 <3 <3
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For short term please follow this chart I have been public in 25 Dec and now going exactly
Fundamentals are very different in 2019. I don't think we can chart this.
xuanhaimmoer
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@ErikKelder, yea, also understand, just comparing bro, enjoy this !
traderview2
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Very good analysis, I always love your work. My only doubt about this is how much stronger the fundamentals are now vs 2014... Check this out
traderview2
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@xuanhaimmoer It's just hard to see us drop more than we did in 2014.
xuanhaimmoer
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@traderview2, wonder where point we are staying if compare with history ?
Don313
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hey ... there were two waves that bitcoin did before your manga drawing ??? you didn't even mention it ??? your analysis is completely wrong the way you analyze things is right but not for a crypto man!!! its completely different it might work on forex and stocks but not for crypto don't fool people and let them lose more money
WorldEconomics
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Capitulation and despair would put BTC around $50-200 range, or $0 to reflect its actual value. This time its different, there are 2,081 crypto coins. This crash is not like 2015 or earlier, because BTC was essentially sitting alone. Invest in real assets, the get rich quick scheme of crypto is over. Like all bubbles, the pop.
BradTrimas
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@BankofEngland, You don't know the history very well. Bitcoin has had competition for years, and the more competition proves it's "shit-coin" name the more the competition will fall to the wayside leaving only Bitcoin. Crypto is here to stay, if it's Bitcoin which I believe it will be than it's risk verse reward ratio means you should always have a holding in this space. Albeit small like 1-5 percent, but still a holding.
WorldEconomics
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@BradTrimas, - And yet, here we are. A worthless creation like worthless fiat. Both unlimited supply. Bitcoin is not the future, its being kicked to the curb left and right. Companies were dooped like "investors" were in 2016-17 into accepting it because its abnormal growth. But, once it crashed, the same ones who accepted it also kicked it out. Its not anonymous, its not fast, and its not cheap. 90% of traders are required to give government ID, tax information while taking up to 2-days to send/receive and being at times more expensive than using SWIFT. Back then, Bitcoin was one of the few. Now, there are 2,080 coins that all claim to be better, faster, and easier. All worthless code. Its digital fiat and smart investors see it for what it is. Its no safe haven, its not stable. 2,080 coins yet a fast shrinking market cap. This bubble has LOTS to go down.
BaghdaddyKane
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@BankofEngland, Or maybe you just don't have any vision. Your outlook is cursory, to say the least. You're right. It is different this time. This time, there are fundamentals to consider. There are very bright minds doing notable work in the field. Some of the most innovative figures in fintech have a very different opinion than yours. As do, if you haven't been paying attention, central banks and governments around the world. They're not basing their decisions off of internet hype. So if I'm going to listen to anyone outside of myself on the matter, why should it be you? Excess competition is not a measure of anything but just that. Technology evolves, obviously. They'll come and go. Bitcoin will scale, and if not, legitimate competitors will. Bitcoin also never claimed full anonymity. Trading on centralized exchanges is a personal choice and has little to do with Bitcoin's merit either as a currency or a store of value. Especially not in "the future," which you cannot predict.