BitcoinPanjang
Bitcoin. When to wait for the new ATH and global reversal!?
Hello friends! Our past short-term idea with short worked off very well, private subscribers got a profit. Locally, the Bitcoin does not show anything interesting and there are not enough good entry points, we decided to look at the picture more globally. The conclusion is quite interesting.
Let's go straight to the point. What do we have on the history of the Bitcoin? And we have in fact 3 strong pumps:
1. It can not be found now on the graphs, you can only see the remainder of the fall on our graph, which we do not take into account, since it is impossible to analyze.
2. 01/01/13 - 01/11/13. Bitcoin has been growing actively for a year and tolerated very small corrections that are not noticeable at all on the monthly TF. Price increased by 8600%! Earnings were just awesome.
3. 04/01/17 - 12/01/18. Also a great increase in prices by 1700%. This pump marked the arrival of a very large number of hamsters in the game, a lot of funds were opened, the next cryptomillionaires appeared, the miners felt just fine.
Naturally, after all the pumps, a correction came. As the study shows, the correction was longer in duration than the pump period by 30%. In addition, the price did not lose the full price of growth, and 80-86% of the highest point. Moreover, as we noted, the largest red candles brought a trend reversal. So, for example, in the period of the second pump, a very large red candle appeared at the very top, which eventually brought the trend reversal down. In addition, at the end of the correction, there was also a very large red candle, which also brought a trend reversal.
And now take a look at the 3rd pump. A large candle of declining is very similar in size at the beginning and now, only today there is no large shadow, but that can change.
What do we expect in the long term? With great confidence we can say that, most likely, the largest decline is already behind. If you believe the history and mathematics, then the next 3 months should be flat (within 400-600 dollars). This flat should break the global support (green line), as it was last time (blue line). Further, within 5-8 months, we can expect a smooth recovery of the price to 10-12 thousand and in another 3-4 months the pump, similar to the past.
Why so? It's very simple here too. Market cycles and mathematics provide answers to almost all questions. Let's look constructively. The whole world is on the verge of a crisis (the stock market has already begun to fall) and within 3-4 months we can expect the beginning of a crisis that will end in 1-2 years (as is usually the case). And now what with the crypto? This is a high-risk asset, from which the first thing is to take money before the onset of the crisis and first to invest in it at the end. Therefore, the period of 1.5-2 years before the start of a bullish rally fully fits into the cyclical nature of markets and the psychology of investor actions.
In addition, there are many fundamental reasons why bitcoin should not die in principle. World banks are beginning to introduce cryptocurrency support and deposits, a lot of world exchanges are developing platforms so that people can safely use, trade or learn cryptocurrencies. This is its own system, which is just going through a period of formation and will please us with its profits more than once!
We thank you for your attention! What do you think about the new bull rally? It will be interesting to discuss this in the comments!
Let's go straight to the point. What do we have on the history of the Bitcoin? And we have in fact 3 strong pumps:
1. It can not be found now on the graphs, you can only see the remainder of the fall on our graph, which we do not take into account, since it is impossible to analyze.
2. 01/01/13 - 01/11/13. Bitcoin has been growing actively for a year and tolerated very small corrections that are not noticeable at all on the monthly TF. Price increased by 8600%! Earnings were just awesome.
3. 04/01/17 - 12/01/18. Also a great increase in prices by 1700%. This pump marked the arrival of a very large number of hamsters in the game, a lot of funds were opened, the next cryptomillionaires appeared, the miners felt just fine.
Naturally, after all the pumps, a correction came. As the study shows, the correction was longer in duration than the pump period by 30%. In addition, the price did not lose the full price of growth, and 80-86% of the highest point. Moreover, as we noted, the largest red candles brought a trend reversal. So, for example, in the period of the second pump, a very large red candle appeared at the very top, which eventually brought the trend reversal down. In addition, at the end of the correction, there was also a very large red candle, which also brought a trend reversal.
And now take a look at the 3rd pump. A large candle of declining is very similar in size at the beginning and now, only today there is no large shadow, but that can change.
What do we expect in the long term? With great confidence we can say that, most likely, the largest decline is already behind. If you believe the history and mathematics, then the next 3 months should be flat (within 400-600 dollars). This flat should break the global support (green line), as it was last time (blue line). Further, within 5-8 months, we can expect a smooth recovery of the price to 10-12 thousand and in another 3-4 months the pump, similar to the past.
Why so? It's very simple here too. Market cycles and mathematics provide answers to almost all questions. Let's look constructively. The whole world is on the verge of a crisis (the stock market has already begun to fall) and within 3-4 months we can expect the beginning of a crisis that will end in 1-2 years (as is usually the case). And now what with the crypto? This is a high-risk asset, from which the first thing is to take money before the onset of the crisis and first to invest in it at the end. Therefore, the period of 1.5-2 years before the start of a bullish rally fully fits into the cyclical nature of markets and the psychology of investor actions.
In addition, there are many fundamental reasons why bitcoin should not die in principle. World banks are beginning to introduce cryptocurrency support and deposits, a lot of world exchanges are developing platforms so that people can safely use, trade or learn cryptocurrencies. This is its own system, which is just going through a period of formation and will please us with its profits more than once!
We thank you for your attention! What do you think about the new bull rally? It will be interesting to discuss this in the comments!
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