32500 by 2021(REALISTICALLY)
Hello and welcome to TheDailyScalpshow.
This is our first idea that put's the short term aside in these indecisive times.
This is pretty self-explanatory but what we've noticed in the past is that in our bear market cycles, the retracement has always averaged out at around 80%.
The bull market cycles on the other hand seem slightly more random in terms of percentage gains....UNTIL NOW.
If you look a little closer, you can plot an average % increase per cycle of either 6000% or 1000%.
And not only does this seem to be repetitive but they seem to correlate with the world markets as well.
2014 - 2015 we saw Oil prices crash as well as the Chinese markets in 2015. Along with this we saw an 80% retrace in the price of BTC.
This is why our prediction is down to begin with.
We expect this trade war between the US and China to really affect the world economy over the next year and hedging bitcoin will not help you in avoiding a major financial crisis(as far as we know).
The reasoning behind this is the fact that gold, silver and other assets all crash along with the world economy so don't expect magical internet money to be any different.
So we have the looming financial crisis that will bring the price down but also we can see that our stochs are pointing down, heading for the abyss.
We believe this will stop around the 6000 area. Under normal conditions, this would stop at around the 2700 - 3000 area but with the predicted inflation from the trade war, we estimate that the 6000 support line will hold strong(inflation creating a 6000 buck bitcoin that is worth less than previous 6000 buck bitcoins in terms of tangible value).
THIS is where you should LONG. Speculation of another 6000 - 3000 dump will be floating in the air, but inflation will actually hold us there (in a weird way).
And as the economy slowly recovers, so will peoples demand for assets. Bitcoin will FINALLY be out of it's bear market and parabolic action will begin to take place.
Many countries will have adopted it in this time with 6000 being a stable price for so long, and then we begin a bull market once again, bringing those countries wealth and prosperity among the world powers.....
But yeah, anyway, the next cycle is 1000% up after 6k. GGWP GLHF. Peace.
This is our first idea that put's the short term aside in these indecisive times.
This is pretty self-explanatory but what we've noticed in the past is that in our bear market cycles, the retracement has always averaged out at around 80%.
The bull market cycles on the other hand seem slightly more random in terms of percentage gains....UNTIL NOW.
If you look a little closer, you can plot an average % increase per cycle of either 6000% or 1000%.
And not only does this seem to be repetitive but they seem to correlate with the world markets as well.
2014 - 2015 we saw Oil prices crash as well as the Chinese markets in 2015. Along with this we saw an 80% retrace in the price of BTC.
This is why our prediction is down to begin with.
We expect this trade war between the US and China to really affect the world economy over the next year and hedging bitcoin will not help you in avoiding a major financial crisis(as far as we know).
The reasoning behind this is the fact that gold, silver and other assets all crash along with the world economy so don't expect magical internet money to be any different.
So we have the looming financial crisis that will bring the price down but also we can see that our stochs are pointing down, heading for the abyss.
We believe this will stop around the 6000 area. Under normal conditions, this would stop at around the 2700 - 3000 area but with the predicted inflation from the trade war, we estimate that the 6000 support line will hold strong(inflation creating a 6000 buck bitcoin that is worth less than previous 6000 buck bitcoins in terms of tangible value).
THIS is where you should LONG. Speculation of another 6000 - 3000 dump will be floating in the air, but inflation will actually hold us there (in a weird way).
And as the economy slowly recovers, so will peoples demand for assets. Bitcoin will FINALLY be out of it's bear market and parabolic action will begin to take place.
Many countries will have adopted it in this time with 6000 being a stable price for so long, and then we begin a bull market once again, bringing those countries wealth and prosperity among the world powers.....
But yeah, anyway, the next cycle is 1000% up after 6k. GGWP GLHF. Peace.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.