ArShevelev

๐Ÿ˜ฑ BITCOIN PRICE PREDICTION 2020/2021 ๐Ÿ˜ฑ NEW PHASE โ€ผโ€ผโ€ผ

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Here is the update on history of Bitcoin . NEW +1 Phase spotted. I find 7+1 Phases of the bitcoin from the top of 2013.

1. Descending Triangle Phase
Price in form of triangle, in 2013 this pattern last for about 398 days.
In the 2018, we can see similar triangle shape and price last here for about same period in 341 days. Next phase

2. Ascending Triangle Phase
After breakdown of the phase 1, market in 2014 moved down and in start of 2015 formed Ascending triangle shape within 186 days. Now look at 2018/2019 zone of Ascending triangle , similar shape, similar period of 155 days. Next price moved upside to next phase.

3. Flat Zone Phase
After moving upside price stuck in Flat zone for the 149 days in end 2015 and beginning of 2016. In middle of 2019 price stucked in similar Flat zone for about 162 days. Then we moving to next phase

4. Inverse Triangle Rise Phase
In this zone we see about 105 days of rise in between middle of 2016. Here is highly debatable, but looks similar in end of 2019, you can see similar rise within 107 days. What happened next is phase of sudden crash.

5. Sudden Crash Phase
So you see the 4th phase with 107 days rise, then within just few days price suddenly crashes in end of summer 2016. Same Sudden Crash happened in fears of COVID-19 in March 2020, right after Inverse Triangle Phase (4). Now move to phase 6.

6. Lack of Certainty Top
In the end of 2016 we see the small volatility movement below resistance line and before this Top zone, we see steady rise for 153 days, before the market breakout from resistance line. In the 2020 we see steady rise after Sudden Crash (5) for about 156 days. Now price approaching resistance line without big volatility . Here is the prediction starts, in 2017 after breakout we faced 7th phase.

NEW. 7. ATH Volatility Spike
In the beginning of 2017 you can see green rectangle - at that time price approached 2013 ATH ($1150) and looks like there price start to jump really fast. Price made a pullback from ATH and then tried to break it, showing false breakout and then only at third attempt it broke the ATH level and Parabic started

8. Parabolic Rush Phase
So after the breaking out from resistance line in early 2017, Bitcoin price started to grow, and after crossing previous highs market flooded with new traders and fresh money, which caused insane growth of the price for abut 357 days. Will this phase repeats after we cross 20k again? This is topic for discuss :)


๐Ÿ‘‰ What price do you think we will face during end of 2020 and in 2021?


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Comments

perfect perfect. makes total sense. massive breakout in progress now.
+1 Reply
End of 2020: Wall street crash followed by crypto crash as well. All caused by political turmoil, i.e. riots and looting because Trump won or, institutional investors and smart money pulling out of the market because Biden won. Chances are real good these elections will be tampered with if not manipulated outright, and the announcement of an official winner may be delayed for who knows how long. I expect this election to be the biggest clown show ever to emerge out of the US, it will put us to shame worldwide, and wreck the markets for a while.

End of 2021: Who knows. I think it depends once again on the elections. If Trump wins democrats may continue wrecking the economy via the Covid route using shut downs as they have in 2020. So 2021 may turn out to be a mirror year of 2020. It sounds pessimistic but this is what the US has been reduced to. One big important detail to add to 2021 is the expected real estate market crash many analysts are talking about. This can have severe negative impacts on the economy and markets as well. From what I'm reading, the expected time frame of arrival is right around May 2021, although in some states such as Cali and NY it has already begun.
Reply
ArShevelev cryptospawn
@cryptospawn, I don't think elections will have this impact on economics. Especially if Trump stays..
Reply
cryptospawn ArShevelev
@ArShevelev, I love your optimism man. But if you look at the markets, they have already begun showing signs of what's to come. Some states have already deployed the National Guard to larger cities and stores are being boarded up. Smart money won't stick around for this. I'm geared and ready to buy buy buy at nice low prices.
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