Hi!
The only thing here that matters is the big picture. Cutting out all the noise.
Looking at the weekly chart, we can establish a few very interesting things:
RSI: The ATL points, from which we can establish a high probability for a reversal pattern, and if counting waves, this could be interpreted as the 4th down.
The "droplines", or trend lines that have been breached resulting the ATL RSI points, seem to be a repeating pattern. This obviously based on only 2 major points and not very precise for that reason, but despite that, it is very interesting.
EW: Taking BTCs own full 5-wave pattern and overlaying it on-top, we can make a more realistic approximation on where wave 5 could take us. It seems highly realistic that, in case no major interruption takes place that would damage the crypto market, we can estimate a peak at 100k levels (timeline is harder to predict, but could be as early as end of 2019) before a full abc retrace takes place, bringing the price back to 10k levels.
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Invalidation under 1180$
Target 100k end of 2019/ early 2020
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Summing things up, at a price-range of 3-4k, BTC is an extremely lucrative long term locked/"hodl" investment for the next 2 years. In other words, no trading needed investment.
As always be safe and all the luck!
-B
The only thing here that matters is the big picture. Cutting out all the noise.
Looking at the weekly chart, we can establish a few very interesting things:
RSI: The ATL points, from which we can establish a high probability for a reversal pattern, and if counting waves, this could be interpreted as the 4th down.
The "droplines", or trend lines that have been breached resulting the ATL RSI points, seem to be a repeating pattern. This obviously based on only 2 major points and not very precise for that reason, but despite that, it is very interesting.
EW: Taking BTCs own full 5-wave pattern and overlaying it on-top, we can make a more realistic approximation on where wave 5 could take us. It seems highly realistic that, in case no major interruption takes place that would damage the crypto market, we can estimate a peak at 100k levels (timeline is harder to predict, but could be as early as end of 2019) before a full abc retrace takes place, bringing the price back to 10k levels.
------------------------------------------------------
Invalidation under 1180$
Target 100k end of 2019/ early 2020
------------------------------------------------------
Summing things up, at a price-range of 3-4k, BTC is an extremely lucrative long term locked/"hodl" investment for the next 2 years. In other words, no trading needed investment.
As always be safe and all the luck!
-B
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