CryptocurrenciesStrategy

BITCOIN: Price projection using Bars Pattern. Just for Fun… :-)

  • Using BITCOIN Weekly Chart, Log Scale.
  • Applying tool “Bars Pattern” of the previous BEAR/BULL Market, period from November 25th 2013 till December 18th 2017
  • Assuming End of Previous BEAR Market by end of August 2015
  • Fitting and adjusting “Peak to Peak” with the summit of the last Bull (December 18th 2017):

Conclusions:

  • Still a lower low would be expected. “Simulation” of the “Bars Pattern” indicates 2548 USD as the lowest point.
  • A “Consolidation” period of 7 to 8 months would be expected.
  • Start of A Bull Market September 2019
  • 322.000 USD by the end of 2021
  • …in the meantime, lots of Dapps, crypto projects and adoption coming…

Will you have the patience to wait?

Enjoy!

@toofasteddie

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