Did a background analysis using "ProfitMaximizer" and LongBuyLongSell Indicator tool . BITCOIN Pattern was exactly following TWO candle "HIGH" reversal to go down ,TWO candle "CLOSE" reversal to go up in every Daily ,Weekly ,Monthly Candle Formations.
As per this TWO Candle Reversal ,BITCOIN is too bearish and no sign of bull market until JULY 2020. No way it can go up until 2020.
TWO candle Zone are marked in Black Box (Yes it is Black Box Zone)
Key BITCOIN points to watch
Down Down Down Down 5750 1-March-2019
Down Down Down Down 4900 1-Dec-2019
Down Down Down Down 2000-2050 1-July-2020.
BULL BULL BULL Start here ,2000-2050 to 6800 will take 212 Days.
6800-10000 will take 109 days.
No way the BITCOIN will head to previous peak in two years. Stay awake ,be cautious in attempting the BULL now.
@WealthHustler, you laugh but do you have any counter arguments to offer?
WealthHustler
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@TimDeleeuw, I look at longterm charts and it doesn't say what you're saying. Hence, max people loving charting bitcoin to downside these days someone with $800, $1800, $2000, $4000, $3500 and such figures and someone even with $100 lol this justifies how desperate the market is to buy Bitcoin at lower levels.
MarxBabu
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@WealthHustler, There is no concrete reason why should the BTC go up .Countries Banned Crypto .Not many county have authorised it .Cashing out from the crypto and using Bitcoins at merchant sites are not clear ,Those are the problems dragging it to down .It will for sure will go down ,The greater the height it reached in no time ,with more speed it will touch the bottom too.
Look at the money invested into infrastructure. Exchanges. Bakkt. Fidelity. Etc
MarxBabu
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@cryptodiggy, Yes I understand ,However these investment did not hold the Bitcoin at its top .World economy is in disaster now ,people will take out more from crypto will eventually result to down.
dinopiccinin
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@MarxBabu, Don't forget about the scam that is bitfinex and tether. It's matter of time before it's all exposed.