Path of Reconciliation
업데이트됨
Herewith my forecast for the upcoming year. The target set in my last chart (link below) from 2016 was reached, but the timing was off which I've adjusted in this chart along with some other things. In writing this chart means:
- Upcoming weeks: retesting $10.000 and trying to breach the red downward trend line
- Upcoming months: if it fails to break the red trend line in the short term it's going to follow it downwards to set a new last low around $5200 up to flash crashing to $4200 (rough estimates)
- Second half 2018: recovery and consolidation
- Start of 2019: on the path to new ATH's
Notes
- What I don't like about this chart is how similar it is to the behavior of BTC since 2012, but that's how it is so far.
- I think setting new lows for the cryptomarket as a whole could be a good thing, it might weed out all the bad actors, delusional "average joe" investors and the many coins which are just plain scams. During this process BTC would regain a higher share of the total market
- Given how the Lightning Network 0.4 beta has been released recently and seeing how eager people are in adopting it by setting up nodes and whatnot, I think in the upcoming year this could be a really big driver for continued adoption and positive attention to Bitcoin. Perhaps the time will finally come to be able to spend our Bitcoin everywhere without converting to fiat (the reason why I got into it in the first place)!
Good luck!
- Upcoming weeks: retesting $10.000 and trying to breach the red downward trend line
- Upcoming months: if it fails to break the red trend line in the short term it's going to follow it downwards to set a new last low around $5200 up to flash crashing to $4200 (rough estimates)
- Second half 2018: recovery and consolidation
- Start of 2019: on the path to new ATH's
Notes
- What I don't like about this chart is how similar it is to the behavior of BTC since 2012, but that's how it is so far.
- I think setting new lows for the cryptomarket as a whole could be a good thing, it might weed out all the bad actors, delusional "average joe" investors and the many coins which are just plain scams. During this process BTC would regain a higher share of the total market
- Given how the Lightning Network 0.4 beta has been released recently and seeing how eager people are in adopting it by setting up nodes and whatnot, I think in the upcoming year this could be a really big driver for continued adoption and positive attention to Bitcoin. Perhaps the time will finally come to be able to spend our Bitcoin everywhere without converting to fiat (the reason why I got into it in the first place)!
Good luck!
노트
An updated view indicating we might not have another bull market until the next halving around May 2020 - For the short term the long term support lines indicated in blue are about to be tested, meaning we might dip to around $4000,-.
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.