Possible movement on Bitcoin

By Lakshmi-Trader

Updated

Everything is technically in the channel is growing.There may be another fall before the end of 2018.

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bloomberg.com/news/articles/2018-08-02/bitcoin-needs-to-hit-213-000-to-replace-money-supply-ubs-says

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we expect growth in the long term to 213000 $

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I haven't updated the idea for a long time.It was possible to predict the price for November 2018 almost perfectly.I am waiting for the final values for bitcoin in 2019 as it was designated 1100-1300 dollars(with a bad scenario for the crypto market)

Trade closed: stop reached

Explanation of this graph.Bitcoin shows weakness for growth.So I revised my goals for its possible bottom.In global terms, the cryptography market is emerging and what we see is the current decline is only the second wave in the five-wave growth structure.The first global wave lasted 9.5 years.It reached a maximum in 19891 usd for 1 bitcoin (according to the Coinbase exchange).Then I wait for the fall to the level of 200-400 usd for 1 bitcoin.And only after that we will draw a new trend up to new heights.

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this is my new idea

BTC to 1160 USD then a small increase and then 200-400 USD

Lakshmi-Trader

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