2019!!! Bullsih or Bearish for the Bitcoin?
It's been awhile
since i dont write something for the community and if you follow my space you probably remember that im a trader and i love to do trading. Its really a pleasure to write again and provide my view of the market about Cryptos, Forex and why not?? Some Stocks.
2019 for me it's a year of opportunities, one of those opportunities that i can see it's on Cryptos, let me give you my point of view about why...
First i must tell you that if you are familiar with the trading or the Market you probably remember the concept of the Cycle of the debt or
Economic Cycle
I know its in spanish but i thik you may catch the idea..
This picture describe easily the economic behaviour of a country (in general) If you are trader you can probably learn this with the Eliot Theory. But... Why this have something to do with the Crypto market?... Let me Show you
Everything that goes down, will have to go up
This is the Nasdaq Index:
The Nasdaq 100 Index is a basket of the 100 largest, most actively traded U.S companies listed on the Nasdaq stock exchange. The index includes companies from various industries except for the financial industry, like commercial and investment banks. These non-financial sectors include retail, biotechnology, industrial, technology, health care and others.
And this is the Bitcoin Index (so speak)
Can you see something familiar?
And this is the comparison between both of them
So.. What does it means?
For me, Cryptos and and Nasdaq 100 have something in common, both of them show the sentiment about technology industries, one of them the Centralize industry and the other the decentralize industry but at the end of it both are tecnology.
I can see on the Nasdaq 100 Index the top of the Cycle and i'm expecting a "recession" on the Index, why? cause if we check the behaviour of the market in others stocks ore index we can see the same behaivour, why? well to explain this, i will need another post, but you can search about it in google.
And for the Bitcoin i can see a consolidation, a range of prices that we will experience for a while, but im expecting a huge rise of the price as soon of the world can see the aplication and the truly meanig of Bitcoin and Blockchain
So when it will happen this "Huge rise up"?
It will be unprofessional of my part to give you a specific date, why? cause no one can know, but let me show you something...
So you tell me what to expect in the long term on the Criptos Market
So What do you think?
Thank you for reading.
Saul Q.