BTC Bull market forecast - roadmap to 21k
Updated
Hi all,
A lot of new comers to Crypto join when buzz is at its apotheosis, and first reaction is "I want it too!".
However the market does not care when you enter it, you have to understand it's speed and behavior and adapt to it, not the other way around.
This week is special, since we are ending the Bear Market and entering the "Summer Bull Market" from 2018, here is your chance, don't miss it out!
So, setup a balanced portfolio with a % allocated to the big coins (e.g. BTC, ETH), a % from the Top 50 you think will deliver and a 1 to 5% on what it sometimes referred as "gems".
That is to say, low market cap, promising technology with strong roadmap for 2018/2019. Don't rush and once your portfolio takes form plan your exit strategy.
Back to this B.T.C Bull market forecast - roadmap to 21k
This analysis is based on:
- Analysis of BTC past cycles: uptrends / downtrends duration & volatility
- Long term trends (that's why the analysis is on linear scale)
- Elliot waves theory
- Fibonacci levels
- Psychological prices
BTC has a long term trend defined and it usually plays by the book that why on our previous analysis we were forecasting a drop to 6.9k area in order to establish a title bottom.
If one want to expect a strong uptrend, foundations must be solid, thus this on*going correction is a good thing, it makes BTC's future brighter.
In this analysis we forecast BTC's 1st set of Elliot waves to be:
- Target Profit 1 --> $9,800 area
- Target Profit 2 --> $12,500 area
- Target Profit 3 -> $13,600 area
Then ABC correction from $14,000 to $12,000 area
2nd set of Elliot waves:
- Target Profit 1 --> $14,900 area
- Target Profit 2 --> $17,600 area
- Target Profit 3 -> $21,000 area
Then Elliot waves bear trend that will bring us back to the long term trend line at the $8,700 area.
We are talking about 1k area since betting on an exact is clear not realistic.
Word of advice, always set stop loss, know when to take profit and let the correction clear technical indicators as well as allowing new buyers to enter the market.
Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning. Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
A lot of new comers to Crypto join when buzz is at its apotheosis, and first reaction is "I want it too!".
However the market does not care when you enter it, you have to understand it's speed and behavior and adapt to it, not the other way around.
This week is special, since we are ending the Bear Market and entering the "Summer Bull Market" from 2018, here is your chance, don't miss it out!
So, setup a balanced portfolio with a % allocated to the big coins (e.g. BTC, ETH), a % from the Top 50 you think will deliver and a 1 to 5% on what it sometimes referred as "gems".
That is to say, low market cap, promising technology with strong roadmap for 2018/2019. Don't rush and once your portfolio takes form plan your exit strategy.
Back to this B.T.C Bull market forecast - roadmap to 21k
This analysis is based on:
- Analysis of BTC past cycles: uptrends / downtrends duration & volatility
- Long term trends (that's why the analysis is on linear scale)
- Elliot waves theory
- Fibonacci levels
- Psychological prices
BTC has a long term trend defined and it usually plays by the book that why on our previous analysis we were forecasting a drop to 6.9k area in order to establish a title bottom.
If one want to expect a strong uptrend, foundations must be solid, thus this on*going correction is a good thing, it makes BTC's future brighter.
In this analysis we forecast BTC's 1st set of Elliot waves to be:
- Target Profit 1 --> $9,800 area
- Target Profit 2 --> $12,500 area
- Target Profit 3 -> $13,600 area
Then ABC correction from $14,000 to $12,000 area
2nd set of Elliot waves:
- Target Profit 1 --> $14,900 area
- Target Profit 2 --> $17,600 area
- Target Profit 3 -> $21,000 area
Then Elliot waves bear trend that will bring us back to the long term trend line at the $8,700 area.
We are talking about 1k area since betting on an exact is clear not realistic.
Word of advice, always set stop loss, know when to take profit and let the correction clear technical indicators as well as allowing new buyers to enter the market.
Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning. Well, strive to be a better trader tomorrow than we are today.
All the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
twitter.com/alteroc_trading
Note
BTC is nicely following the downtrend created by the breakdown from the falling wedge. Target is still $6,900 to $7,100 areaAll the Best from the Crypto Space
Alteroc
AI Trader assistant, includes Bitmex (15% discount) --> app.aitrader.ai/referral/ap3m9
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