I am more naturally bullish on crypto than bearish. My recent bearish analysis (https://www.tradingview.com/chart/BTCUSD/zBeGNkAz-The-Bearish-Scenario-for-BTC/) is based on short-term (monthly) movements.
Longer term, I see massive expansion as crypto goes mainstream and BTC reigns as the defacto base pair and store of value.
Elliott wave counting and to a lesser extent TD Sequential are the only tools I have to extrapolate future price.
Therefore, here is a forecast for BTC longer term.
T1 = $39000
T2 = $55000
Naturally there is signficantly less price action and trend data to support this, but general bullish fundamentals support this drive. The timing of these waves is general only, but I am expecting T2 before EOY 2018.
Longer term, I see massive expansion as crypto goes mainstream and BTC reigns as the defacto base pair and store of value.
Elliott wave counting and to a lesser extent TD Sequential are the only tools I have to extrapolate future price.
Therefore, here is a forecast for BTC longer term.
T1 = $39000
T2 = $55000
Naturally there is signficantly less price action and trend data to support this, but general bullish fundamentals support this drive. The timing of these waves is general only, but I am expecting T2 before EOY 2018.
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.