2019
Bitcoin - BTC Long Term Analysis | Investor perspectiveThis is a detailed Long-Term analysis on Bitcoin, considering different indicators.
Bitcoin had five waves upwards, where it hit all time high of nearly 20,000 $. Then, Since January we started a correction stage. Corrections are always necessary!
From a technical analysis point of view:
Correction :BTC has corrected to around the Fibonacci golden ratio of 0.618 - 0.65. From Elliott Waves prospect, we can count various versions for the correction.(ABC or ABCDE or etc.). However, This area is where the major support line is also located, which we have bounced off it every time.
On MACD : we can see a slight bullish divergence, which is a sign of an uptrend.
On RSI : we can see that the previous support line has become the new resistance now. We are about to test this resistance to see if we are able to break through it. In that case, we can anticipate the start of wave 3.
Third Waves Behaviour (based on Elliott Waves principals): Third waves are often the largest and never the smallest. One thing to notice, third waves are usually the biggest, but from time-scale perspective, they are not the longest. In other words, third waves are often the steepest ! (reaching higher heights in a shorter time period)
Therefore as we discussed, it is sensible to target at least x1.618 and x2.618 levels of extension of wave 1 for the third wave.
6 - 18 months Targets:
First Target = 35,000 $
Second Target = 55,000 $
Let me know what's your thought in the comments section! What is your price prediction for BTC by 2019?
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Make sure to check out my EMA Script which you can have the 8, 13, 21 and 55 Exponential Moving Averages on one indicator for free:
author : R.N behind_crypto
Manually made channelAs I couldn't match a pitchfork correctly for this log scale trend, so then decided to Make own channel manually out of an older trend. Placed the mane lines, measured them with fib channels to draw other continual channel lines which would mach the pattern so We could try to predict the next tops/bottoms of this awesome trend. What do you think of this channel? if you have any advises or ideas which you want to share, feel free to post in the comments
Elliot Wave on Daily. Moon time?Too early to call it the end of wave C in this time frame but it seems like we are there. What should follow is consolidation followed by the next impulse wave (1-2-3-4-5) to new ATHs in the coming time.
Note: Quite a beginner at trading and this is my first published idea ever, would appreciate constructive criticism.
Ethereum January 2019 Long Prediction – 2 Year Parallel ChannelHello everyone!
Here is a crazy idea. Here I present a logarithmic chart of Etherum ( ETHUSD 0.65% ) with a 2-year parallel growth channel.
This potentially suggests that by the end of the year we could see the price of ETH being between $5,000 and $60,000 USD.
I am personally confident that the price will be nearly $5,000 and this chart supports that idea. Assuming that the total circulation supply of ETH reaches ~100,000,000 by the end of the year, $5,000 a share would result in a market capitalization of 500 billion USD. Not too ridiculous in my opinion. However, 6 trillion on the other hand (maximum channel goal), may be ridiculous. Now, I know this is fucking insane, but the exponential nature of the ETH blockchain (DApps, token genesis, etc.) suggests this channel is possible.
Personal disclaimer:
Don't take any of my published ideas as reality. Always make educated decisions before doing anything with your investments. Use my charts for educational purposes only. Trade at your own risk.
BTC DISCOVERY Bitcoin 2018-2019
Chart speaks for itself. However i don't think that we will get a big waves until (x2 period of bull run) summer / mid summer.
As always i can be wrong and crypto might bloom earlier for spectrum of reasons. We are facing uncertainty in crypto world because market hasn't moved from " wild west thinking " stage yet. Big players / funds are not here yet.Speculators already sold out way ago and forgot about it. Bitcoin will prove itself to doubters only after reaching some scary high price levels with easy and friendly buying / UX and those things are not here yet.
I believe in a new big wave but so bloody painfully long time coming.