2018 BTC/USD Parabola
Peak to peak and trough to trough analysis reveals a parabolic curve bottoming out and could lead up again. All signs point to further consolidation over subsequent months before bitcoin 2.03% resumes its uptrend.
Takeaways:
1. Elliot Wave patterns are predictable to a great extent which can be used for short term margin trading.
2. Model shows decreased volatility over the next few months so altcoins might find their chance to shine.
3. A high of $12,000 for Dece 2018 as well as $28,000 for June 2019 presents sobering (and realistic) price targets for pundits.
Assumptions:
1. Bitcoin 2.03% found its low at $5,700 - analysis has to be updated if the market mints a new low
Takeaways:
1. Elliot Wave patterns are predictable to a great extent which can be used for short term margin trading.
2. Model shows decreased volatility over the next few months so altcoins might find their chance to shine.
3. A high of $12,000 for Dece 2018 as well as $28,000 for June 2019 presents sobering (and realistic) price targets for pundits.
Assumptions:
1. Bitcoin 2.03% found its low at $5,700 - analysis has to be updated if the market mints a new low
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.