Bitcoin at 1200 a Year from Now?
Bitcoin fell through the consolidation triangle tonight. Where are we heading from here?
Let's have a look at the chart on the long term
First we connect the ATH's of 2013 and 2017 and draw a parallel line from the Low in 2011. Then we draw a horizontal line from the 2017 ATH level at 1200.
We see these three lines coming together on the Aquarius/Pisces transition in late February 2019.
If we now add the strong support/resistance lines at the 5000 and 3000 level, we can draw a possible trajectory for Bitcoin for the year to come.
in view of your outline investigation you are giving important market expectations... As indicated by the present market and the chart it can be happened excessively Sir... Pleasant examination Sir
@pagandance,
I do believe it can drop at that level! Because, this is the era of STEEM and BTS :D Nice graph analysis friend!
Cheers~
well great to give the diagram in 3 writes with points of interest and your perdictions pleasant to see your work trust I will dependably discover halpfull perdictions in your posts @pangadance
well good to give the chart in 3 types with details and your perdictions nice to see your work hope i will always find halpfull perdictions in your posts @pangadance
@pagandance - Sir, based on your chart analysis you are giving valuable market predictions... According to the current market & the graph it can be happened too Sir... Nice analysis Sir...
+W+
Today is very bad day for me.
And the day after that was bad for me too as bitconnect scammed out. Wait until bitcoin goes up higer and touches the descending resistance line at 12000-14000. Then sell your btc for usdt. When bitcoin drops again, buy back btc with usdt and make a big profit.
in just a year it will explode
Thanks for the information of bitcoin. this is great graphic chart.
Resteem
Good analysis sir..hope the times would be good enough for us :)
will simply explode soon enough after downfall btc dominance has decreased too much
depends on your definition of "soon" haha