Scenario #1 : 3500 is a new 6000

2 thg 12, 2018

Sorry, was put it in 2nd panel and can't bring it back to the first one, stupid TradingView

Here's my guessing/analysis on BTCUSD price ( XBTUSD ) in 2019
Scenario #1 : 3500 is a new 6000
* Price sideway around 3500-4500 range
* Price bounce up to retest 0.382 fib in first downtrend like Jan 2017 ( Completed )
* After that, price will go down to confirm 3500 as bottom, then go up again for 0.618 fib this time ( 4050, 3850, 3680, ... )
* After bounce lower and lower like ball losing power, the price will nearly a straight line
* When people think 3500 is the safe bottom, price will go down once more,
* This time, the first target is 2900, then 2000 or 1500 if big capitulation occur
* The whole process will take about 5-6 months to complete