This is my idea about Bitcoin cycle in the long term. I tried to follow the general trend and the sentiment of the market, the halving 2020 imminence. For sure it's bullish in the middle term. In my opinion will reach 200k or more in December 2021, following it's natural cycle.
But as we know we are only at the beginning of a new golden age. Everything will...
I tried to draw this graph based on the cyclical performance of the asset. If cycles will repeat timing, as we can see an BTC did an ATH in December 2014, one in December 2018, then the next ATH will be probably in December 2022. A Fib channel helped me to find the likely target, to be realistic, around USD 220k.
This time I've tried to draw a fractal wave on Ethereum BTC weekly chart, based on the previous movement, with the help of Fibonacci channel applied Lifetime. Considering the bullish Ethereum momentum and an ipotetical BTC strong retracement could make this be possible. The result is impressive.
Don't know where we are going. But as stated by many, ETH could be...
An interesting look to the Ethereum USD weekly chart applying the Fibonacci extension on the current tend to find out targets in the medium therm.
What I'm expecting from this bull run is ETH to reach a price at least 6k USD. We will see next months.
What if XRP will retrace to Fib 2.618? Fibs are friend and Ripple struggling to take off, so I decided to look at possible retracing on the chart.
I'm an XRP Hodler and enthusiast, This is my first post here. I hope this doesn't happen