BitcoinLong
Bitcoin Longterm
Updated
Hello and welcome to my long-term vision on Bitcoin.
As everybody knows, Bitcoin is in a bullish trend since the beginning. Bitcoin is always showing the same patterns over the years and has the same outcomes.
That's why I'm bullish in this market long-term. When Cryptocurrencies are taking over the financial industry, Bitcoin will need to compensate for a chunk of the current fiat assets.
When this happens, Bitcoin needs to be worth several hundred thousands to millions of dollars because of its scarcity. Until then, Bitcoin will most likely not be in a bear trend. Bitcoin in his current state is now in a huge flag because it broke out of a major trendline. This is a normal procedure before another halving occurs (May 2020). Since this is an occurrent pattern, you can predict that Bitcoin will consolidate in the current flag making 4000$ lows. When the 4000$ - 4500$ is reached, it's a perfect chance to go long. This low may occur several months before the halving (around February 2020). After that, it will slowly but surely go upwards until it reaches a possible outbreak which statistically will happen at the end of 2020 or the beginning of 2021. The Targets will be between 20k$ - 30k$.
Find this helpful?
Feel free to leave a like.
As everybody knows, Bitcoin is in a bullish trend since the beginning. Bitcoin is always showing the same patterns over the years and has the same outcomes.
That's why I'm bullish in this market long-term. When Cryptocurrencies are taking over the financial industry, Bitcoin will need to compensate for a chunk of the current fiat assets.
When this happens, Bitcoin needs to be worth several hundred thousands to millions of dollars because of its scarcity. Until then, Bitcoin will most likely not be in a bear trend. Bitcoin in his current state is now in a huge flag because it broke out of a major trendline. This is a normal procedure before another halving occurs (May 2020). Since this is an occurrent pattern, you can predict that Bitcoin will consolidate in the current flag making 4000$ lows. When the 4000$ - 4500$ is reached, it's a perfect chance to go long. This low may occur several months before the halving (around February 2020). After that, it will slowly but surely go upwards until it reaches a possible outbreak which statistically will happen at the end of 2020 or the beginning of 2021. The Targets will be between 20k$ - 30k$.
Find this helpful?
Feel free to leave a like.
Note
Btw when Bitcoin breaks to the downside, Bitcoin is not predictable anymore.Note
* First Targets will be 20k - 30k natural growth but Bitcoin is famous for its massive upbursts that could potentially yield to 70k+.
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.