Bitcoin - All the way to $6,000?

in #bitcoin6 years ago

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Based on MACD, Parabolic SAR, and the S&R lines, it looks like Bitcoin is going to $6,000 and even below...
This upward movement that occurred over the last month was associated with HYPE with ETF. Personally, I hope & believe BTC will not fall below $6,000 but, according to the indicators, this is definitely a reasonable possibility.
Many trades ask me whether it's the right time to buy BTC or it's better to wait a bit? As I always say, the question is how long you're going to "play" and keep your money in, at the current situation BTC investors may not see profits in the upcoming month, but remember that when you're 'out of the game' your chances to generate profits are zero, think about it.

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Great post. It seems we're heading for a big slump, but as cyclical as economy goes, it will jump back soon. I expect 2019 to be a more stable year for BTC.

hodl is the way out of the mess that is the modern economy, I hope everyone is going to be better off for it too, I would imagine so because as hyperbitcoinization sets in it will soak up capital away from real estate and wall street, making life less expensive

been waiting for BTC price analysis for some time, sadly it has to be bad news

Always bitcoin in these months goes down, in December it goes up like foam. let's hope so. jjjjjjjjjjjjjj.JPG

I doubt it'll reach that low, it'll stop at the 6500 mark.

btc has a way of surprising everyone..

Well spoken friend!

I expect 2015 all over again, price @ 4000 for a year before 2020 halving brings us back over 15k