as I said in the last posts I think BTC can hit targets between $11-14k (with or without etfs) but first I expect it will drop to 5.6k simply because of a
- hidden bearish div (downtrend continuation)
- bearish crossover on weekly RSI which is about to happen
anyways my final target is something between 1-3k (late 2019) then from my point of view this cycle like many others will end up with a proper capitulation followed by accumulation period (which is something we haven't seen yet) in that area. if it already gets a new bullrun which is something I don't really think I'll be the first to be happy.
- hidden bearish div (downtrend continuation)
- bearish crossover on weekly RSI which is about to happen
anyways my final target is something between 1-3k (late 2019) then from my point of view this cycle like many others will end up with a proper capitulation followed by accumulation period (which is something we haven't seen yet) in that area. if it already gets a new bullrun which is something I don't really think I'll be the first to be happy.
Nota
I already know in the second cycle of gold there were etfs, but btc is more similar to this one.
Nota
we are still a bit far away from capitulation, until this happens I can't really see a new bullrun. either it will crash already or it will get the last uptrend (11/14K) before crashing if 5.4k holds and we should test it. the last one is more likely for now imo.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.