Bitcoin: This Is The End. 300,000 USD Target.
Updated
Few people realize it, but the cryptocurrency markets have already topped.
After doing some analysis on the previous Bitcoin rally, I have come to the conclusion that the next bubble top will be near 300,000 USD. While the support for that rally will be 80,000 USD.
This analysis is pure speculation, and is flawed because I have not taken other factors into consideration. The only reason I am posting this is because traders ask me what my expectations are for the Bitcoin bottom.
The curves drawn are just there to give a general idea. Do not take the curve lines seriously. The top and bottom are calculated using fibonacci lines.
I am aware there is a possibility 6000 is the bottom, but looking at the previous bear market, the 200 MA acted as resistance and the bottom was similar to a Wyckoff Accumulation. So far there is no signs of bottoming long term unless we can start breaking previous highs.
i believe Bitcoin will rally near the next halving in 2020, and the top will be 300,000. If you play the cycles right you can make a substantial amount of money. Volatility is still pretty high so it is a goldmine for traders.
Thanks for viewing!
After doing some analysis on the previous Bitcoin rally, I have come to the conclusion that the next bubble top will be near 300,000 USD. While the support for that rally will be 80,000 USD.
This analysis is pure speculation, and is flawed because I have not taken other factors into consideration. The only reason I am posting this is because traders ask me what my expectations are for the Bitcoin bottom.
The curves drawn are just there to give a general idea. Do not take the curve lines seriously. The top and bottom are calculated using fibonacci lines.
I am aware there is a possibility 6000 is the bottom, but looking at the previous bear market, the 200 MA acted as resistance and the bottom was similar to a Wyckoff Accumulation. So far there is no signs of bottoming long term unless we can start breaking previous highs.
i believe Bitcoin will rally near the next halving in 2020, and the top will be 300,000. If you play the cycles right you can make a substantial amount of money. Volatility is still pretty high so it is a goldmine for traders.
Thanks for viewing!
Note
I believe the first part of this idea is going as planned.
Buy when it enters the accumulation zone. We will stay in that area for the next year.
Currently 11 19 2018
Note
Second part of idea going exactly as planned.
Currently 2-10-2019.
Note
Note
I believe in the future I will come back to this chart, and it will feel surreal. This is one of the reasons I love trading. There is something beautiful in this.
Note
4-10-2019Note
6-03-2019
Note
Date on left
Related publications
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.