BTC/USD Longterm - 28 Month downtrend
I found many analysts comparing BTC 2018 with 2014.
Remember, if history repeats the same, no one will be poor.
Compare 2014 with 2011 and look at two red circles. They are quite similar, but buyers in the red circle 2014 are at a loss, as opposed to 2011 :)
Now look at the two orange circles and the pink circle. I find that most observers are comparing these three phases.
The bull market will see us resemble the pink ring.
The bear class will see that we are resembling the orange one. So I removed the two identical directions from my prediction.
Only cyclical according to me is the rule.
Take a look at the 2 uptrend cycles and downtrend before, they have uptrend time nearly equal to downtrend. So I predict the current downtrend cycle lasts 27-30 months. That will hit bottom in mid-2020.
The bottom of my expectations is ~ $ 2,000 to $ 3,000. Then we have a new cycle.
My scenario:
1 - 6,xxx $ to 9,xxx $. From 11/2018 to 12/2018
2 - 9,xxx $ to 4,xxx $ From 12/2018 to 03/2019
3 - 4,xxx $ to 16,xxx $ From 03/2019 to 06/2019
4 - 16,xxx $ to 2,xxx $ From 06/2019 to 05/2020
Remember, if history repeats the same, no one will be poor.
Compare 2014 with 2011 and look at two red circles. They are quite similar, but buyers in the red circle 2014 are at a loss, as opposed to 2011 :)
Now look at the two orange circles and the pink circle. I find that most observers are comparing these three phases.
The bull market will see us resemble the pink ring.
The bear class will see that we are resembling the orange one. So I removed the two identical directions from my prediction.
Only cyclical according to me is the rule.
Take a look at the 2 uptrend cycles and downtrend before, they have uptrend time nearly equal to downtrend. So I predict the current downtrend cycle lasts 27-30 months. That will hit bottom in mid-2020.
The bottom of my expectations is ~ $ 2,000 to $ 3,000. Then we have a new cycle.
My scenario:
1 - 6,xxx $ to 9,xxx $. From 11/2018 to 12/2018
2 - 9,xxx $ to 4,xxx $ From 12/2018 to 03/2019
3 - 4,xxx $ to 16,xxx $ From 03/2019 to 06/2019
4 - 16,xxx $ to 2,xxx $ From 06/2019 to 05/2020
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