Here is the updated version of my long term Bitcoin logchart. Looks like we are entering a new cycle.
If we look at the 2 previous cycles, the bear market bottoms were around 85% from the cycle top.
For this cycles that would be around 10k USD, but with the fear of a world wide recession, maybe we can
see lower prices this time.
The fibonacci trendlines are still the same, as i drew them in october 2018. I hope
they will continue to give a good market overview and trade setups.
If we look at the 2 previous cycles, the bear market bottoms were around 85% from the cycle top.
For this cycles that would be around 10k USD, but with the fear of a world wide recession, maybe we can
see lower prices this time.
The fibonacci trendlines are still the same, as i drew them in october 2018. I hope
they will continue to give a good market overview and trade setups.
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.