Here's my future outlook for Bitcoin , on XBTUSD Bitmex. There are many wild predictions out there, so this one may be a little compared to some. Sorry no rocketships.
As the bitcoin market is beginning to mature, and more liquidity comes into the space, I believe the charts will take on more conventional patterns and market structure.
Everyone is calling for $50k or $1k, so I don't believe we'll see either one soon.
What I believe we could see going into 2020 and beyond is a large consolidation in the form of a symmetrical triangle.
Fibonacci ratios from the run up to the $20k peak provide some levels to look for support and resistance .
This is only one possibility of many potential outcomes, but I believe this scenario is plausible and I have not seen it presented anywhere yet.
As the bitcoin market is beginning to mature, and more liquidity comes into the space, I believe the charts will take on more conventional patterns and market structure.
Everyone is calling for $50k or $1k, so I don't believe we'll see either one soon.
What I believe we could see going into 2020 and beyond is a large consolidation in the form of a symmetrical triangle.
Fibonacci ratios from the run up to the $20k peak provide some levels to look for support and resistance .
This is only one possibility of many potential outcomes, but I believe this scenario is plausible and I have not seen it presented anywhere yet.
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.