When in doubt, zoom out. I changed the chart to the 1W view and started wondering... What if we just completed Elliott Wave 2? Elliot wave 3 is the largest of the 5 waves so we could be in for a wild ride. $1,000 EOY is an awesome meme (I wouldn't be mad if it happened) but it appears that $10-$11 EOY is definitely in play. This would put the price somewhere...
First I want to mention this is my first TV chart idea and I'm no professional trader by any means. Take this idea with a grain of salt.
Based on my relatively simple chart, I think there's a good probability of Bitcoin hitting the 20k target during October of this year.
If this target is reached I suspect one of two scenarios. I'm leaning more towards further...
Wow, what a couple of months... and weeks... and days... and hours! What the hell is going on with BTC!?
Now I know this post may get taken the wrong way to begin with so lets lay a few ground rules first;
1. This is just a scenario. Nobody really knows what BTC is going to do next, so no, I'm not claiming to predict the future.
2. I know the pattern is...
Analyzing the chart, I see 2 important points:
1 - Coming a correction to $6790. I believe that is the best price to buy in this cycle.
2 - Important persons is saying Bitcoin$25K in 2019. I believe that will can reach this price in midle of 2020.
I see no recession coming.
Get over with Trade wars, it is no longer irrelevant. It is only the headlines that make you drop your stocks so BlackRock and Vanguard can accumulate more.
I see a lot of fear. we don't fall on fear. we fall on greed and too much confidence.
Getting some entry around here and in one months. Try not to pick stocks, use ETFs to...
Just looking to keep this for history! The 20k resistance trend is now ready to take at least 50k and will be ready to take 100k by the end of 2020, so let's see what happens in 2 years from now and if that 20k resistance trend is going to be playing a role in bitcoin's market development within the few coming years.
Even a lot of professionals believe that the main crypto party starts around August 2019, it seems DLT has already started the game.
However, this early jump might be just a way to bitcoin Laundary for those who gained some during last week or so.
Play safely if you are a day trader.
For the long term, it looks solid.
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For those who have been following our updates and charts on Telegram, you remember that we've posted the same chart back in December 2018 pending the completion of the green IH&S. At this moment, the market seems to...
To me, it looks like the market is moving slower after each cycle. Our last bull run was longer than the previous one. The 2014 bear market was also longer than the 2011 bear market.
To my findings, the bear market of 2014 moved 2.5x slower than the 2011 one. If we use that same factor this time according to my calculations the bear market now should end around...