Bitcoin at 1200 a Year from Now?

in #bitcoin7 years ago (edited)

Bitcoin fell through the consolidation triangle tonight. Where are we heading from here?

Let's have a look at the chart on the long term

First we connect the ATH's of 2013 and 2017 and draw a parallel line from the Low in 2011. Then we draw a horizontal line from the 2017 ATH level at 1200.

2018.01.16.png

We see these three lines coming together on the Aquarius/Pisces transition in late February 2019.

2018.01.16 b.png

If we now add the strong support/resistance lines at the 5000 and 3000 level, we can draw a possible trajectory for Bitcoin for the year to come.

2018.01.16 c.png

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in view of your outline investigation you are giving important market expectations... As indicated by the present market and the chart it can be happened excessively Sir... Pleasant examination Sir

@pagandance,
I do believe it can drop at that level! Because, this is the era of STEEM and BTS :D Nice graph analysis friend!

Cheers~

well great to give the diagram in 3 writes with points of interest and your perdictions pleasant to see your work trust I will dependably discover halpfull perdictions in your posts @pangadance

well good to give the chart in 3 types with details and your perdictions nice to see your work hope i will always find halpfull perdictions in your posts @pangadance

@pagandance - Sir, based on your chart analysis you are giving valuable market predictions... According to the current market & the graph it can be happened too Sir... Nice analysis Sir...

+W+

Today is very bad day for me.

And the day after that was bad for me too as bitconnect scammed out. Wait until bitcoin goes up higer and touches the descending resistance line at 12000-14000. Then sell your btc for usdt. When bitcoin drops again, buy back btc with usdt and make a big profit.

in just a year it will explode

Thanks for the information of bitcoin. this is great graphic chart.
Resteem

Good analysis sir..hope the times would be good enough for us :)

will simply explode soon enough after downfall btc dominance has decreased too much

depends on your definition of "soon" haha

Great analysis with chart position

Bitcoin going bullshit down recently. You've nicely analysed from graphs. After the see parallel lines I think BTC down more. We;'ll see what to do next?

when btc goes back up, trade it for usdt, when btc goes back down, buy back.

Great analysis as always , thanks you sir

nice to hear!

As it seems it is going that way !Nice analysis buddy !

thanks! :-)

Great and valuable post @pagandance!!

Thanks for sharing this post.

Upvoted + Resteemed your post.

what happens in coin market!!!!!

what happening hare.... 😰😰😰😰

That's a really bad time man.

i think bitcoin price will increase very soon but this year it will be for STEEM .

@pagandance sir...
Actualy....Digital money can make us rich to deal with ourselves. I genuinely trust that. Be that as it may, what I additionally accept is that it will influence us to sufficiently fit to serve the penniless also.

It is absolutely difficult for all to give. Every one is battling in their own specific manners. In any case, that is the magnificence of life is it not? One who has seen the intense time will identify towards the one enduring. Such a one when independent can promptly consider helping other people. When I put in endeavors to gain, I should put in little endeavors along to share.

One might be poor out of absence of education, another might be expected life's weight of overwhelming obligations, another might be out of sheer apathy and some might be not able meet the sudden needs of life. In any case, the truth of the matter is same. They all need assistance. From numerous points of view it can be tended to.

Cheers~~~~