The Ultimate Bitcoin Forecast based on the 2014 Movement
I did a little research and compared the 2018 Bitcoin price action with the one from 2014. Keep in mind that this is only an assumption, nothing in certain in the crypto space! Here's what I concluded:
Click here to enlarge the image
Highlights:
- Bitcoin no lower than 3200$
- 9 months of a sideways movement to go, with a maximum volatility of 40%
- Bitcoin no higher than 5600$
- breaking the 21 MA resistance -> chart cancelled
- breaking the 200 MA support -> RIP
These are some of the exchanges I use:
(you can support my work by registering via these links)
- Bitfinex - my most used exchange
- Binance - most popular exchange
- Kucoin - excellent exchange, rising in popularity
- Gate - for small cap / new coins
- Huobi - margin trading
- Coinexchange - big variety of coins
ALWAYS CREATE A DIFFERENT PASSWORD FOR EACH EXCHANGE!NEVER HAVE THE SAME PASSWORD TWICE!SAVE THE PAGES TO YOUR BOOKMARKS, SO THAT YOU WON'T CLICK ON SCAM SITES! MANY GOT FOOLED AND LOST A LOT OF MONEY!Thanks for reading and safe trading!✌
If you find this post useful, please:
Not bad. I like the similarities. You also just gave me another idea to count it. I will check later today, if the subwaves would fit the count.
Great! Thanks for your feedback.
@aezakmi, thank you for the Bitcoin Price Analysis.
In my view, the situation is completely different now, if compared to 2014.
What do you mean by that? I'm really interested in how people see this correction and what they think that follows. Perhaps you think we're yet to drop even further?
Thanks!
3k is the new 6k line?
Apparently, based on the Moving Averages. And hopefully this is the worst case scenario.
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