It's pretty simple. On BFX, XBT has not failed to hit the yearly pivot in all available years going back to 2014. Look for price to approach near 8100 in the coming months. From there it's anybody's guess. My guess is back to the 2020 pivot, which in all likelihood will be lower than 2019 pivot. Consolidation and then advance in 2020 and beyond. Apologies to the folks out there who see 20k again this year or next... I don't. 2021 and beyond though, quite possibly.
Good luck. Final prediction is that price will get to 8100 before the end of 2019. Hope to see you there.
Good luck. Final prediction is that price will get to 8100 before the end of 2019. Hope to see you there.
Above 8100 looks to be a bit of a crap shoot. Obviously there will be at least some of the 'round number' resistance at 10k. Above 11k looks like it could be strong too. But as we all know this could have some legs if it gets going. I still see a period of consolidation before any major advance (up to 20k and beyond). Where this consolidation may occur though is tough to say, although current levels +-1k at least appear to make some technical sense.
Good luck all. Any opinions or insights are welcome.