BitcoinGiá xuống
BTC Price Prediction, January 2018
I've had this forecast since 29th December.
It appears we are correctly slightly sooner than anticipated - but I have, as of today, cashed out most of my short-term trades, and converted a larger portion of my portfolio (more than 50% - much more than I usually hold in cash) to fiat.
I have held onto a few smaller trades - nothing that would be too detrimental to my portfolio should the correction occur in the immediate future.
I am very nearly convinced we will see a correction similar to the one we saw in september, within the next week.
My reasons are as follows:
- The market is quantifiably losing momentum
- Everyone has been bullish for months - when everyone is bullish, a correction is only a matter of time
- The exponential growth in the cryptocurrency market cap over the past 3 months, without any discernable correction, is cause for concern
- It does not matter how big a market is, it will follow EW principles and fractal patterns. In fact, the larger the market, I would argue, the more likely it is to obey these principles and paterns
- We have experienced a nice A and B wave correction pattern - and are awaiting the final C wave (shown on the chart)
- This ABC correction is following key fibonacci retracements and time extensions quite nicely
- Corrections to the whole market have, in the past, occured approximately every 60 days, give or take. This brings us to 10th January, 61.8 days since the September correction began
- RSI, Stochastic RSI, and Percent Price oscillator (a modified MACD) confirm these predictions
- ADX shows weakening of the previous trend's strength
- The chart failed to make a bat pattern, which I considered a possibility for several days - I expect a Wave C correction to take us to approximately 11k (following my original ABC correction prediction) - lower than it would have gone should the BTCUSD chart had made a bat pattern
- BTC has previously dragged the whole market down or up with its larger price movements. Altcoins have begun to move more independently of bitcoin, but I still believe a large drop in BTC will be reflected across the cryptocurrency market as a whole
It appears we are correctly slightly sooner than anticipated - but I have, as of today, cashed out most of my short-term trades, and converted a larger portion of my portfolio (more than 50% - much more than I usually hold in cash) to fiat.
I have held onto a few smaller trades - nothing that would be too detrimental to my portfolio should the correction occur in the immediate future.
I am very nearly convinced we will see a correction similar to the one we saw in september, within the next week.
My reasons are as follows:
- The market is quantifiably losing momentum
- Everyone has been bullish for months - when everyone is bullish, a correction is only a matter of time
- The exponential growth in the cryptocurrency market cap over the past 3 months, without any discernable correction, is cause for concern
- It does not matter how big a market is, it will follow EW principles and fractal patterns. In fact, the larger the market, I would argue, the more likely it is to obey these principles and paterns
- We have experienced a nice A and B wave correction pattern - and are awaiting the final C wave (shown on the chart)
- This ABC correction is following key fibonacci retracements and time extensions quite nicely
- Corrections to the whole market have, in the past, occured approximately every 60 days, give or take. This brings us to 10th January, 61.8 days since the September correction began
- RSI, Stochastic RSI, and Percent Price oscillator (a modified MACD) confirm these predictions
- ADX shows weakening of the previous trend's strength
- The chart failed to make a bat pattern, which I considered a possibility for several days - I expect a Wave C correction to take us to approximately 11k (following my original ABC correction prediction) - lower than it would have gone should the BTCUSD chart had made a bat pattern
- BTC has previously dragged the whole market down or up with its larger price movements. Altcoins have begun to move more independently of bitcoin, but I still believe a large drop in BTC will be reflected across the cryptocurrency market as a whole
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.