One of my last publications was a bearish continuation Descending Triangle, shown in red, whose $ 6,000 target has still not been reached.
Target at $ 6000 which is confirmed in my opinion by the appearance in the meantime of a Falling Wedge shown in blue on my graph.
But the main information is that the year 2020 seems to me to be the year of a new bullrun for Bitcoin, which would start with the bullish breakout of the current Falling Wedge with target its height: $ 14,000! Then eventually the confirmation of a Cup & Handle, drawn gold color, by fetching again the $ 20K ATH followed by the target of this cup: $ 20k + ($ 20k - $ 3k) = $ 37k by July 2020!
All this is of course only a view of the mind that could be summarized as:
pessimistic (or neutral = range) for the end of 2019 and very optimistic for 2020!
DISCLAIMER: This is not an investment advice.
Invest only what you can afford to lose.
Target at $ 6000 which is confirmed in my opinion by the appearance in the meantime of a Falling Wedge shown in blue on my graph.
But the main information is that the year 2020 seems to me to be the year of a new bullrun for Bitcoin, which would start with the bullish breakout of the current Falling Wedge with target its height: $ 14,000! Then eventually the confirmation of a Cup & Handle, drawn gold color, by fetching again the $ 20K ATH followed by the target of this cup: $ 20k + ($ 20k - $ 3k) = $ 37k by July 2020!
All this is of course only a view of the mind that could be summarized as:
pessimistic (or neutral = range) for the end of 2019 and very optimistic for 2020!
DISCLAIMER: This is not an investment advice.
Invest only what you can afford to lose.
Nota
Additional informations to this technical analysis:MA 200, Bearish Parallel Channel (= Bullish Flag), RSI 14
Dagangan ditutup: sasaran tercapai
Just, wow.
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.