BitcoinUpdated BTC Longer Term Idea
*New to TV and not a TA Expert* Criticism and other ideas welcomed
*This idea assumes ETF denial in August/September. If passed, this idea is null and void as I feel the fundamentals are too strong.
Long term targets
2019 high ~50k
2020 high ~200k
Expecting the price to dip lower than general expectations around January 2019 and also expecting price to rise higher than general expectations through end of 2019 and 2020. Expecting ETF approval, multiple custody solutions and more generally accepted use cases 2019 and beyond.
*This idea assumes ETF denial in August/September. If passed, this idea is null and void as I feel the fundamentals are too strong.
Long term targets
2019 high ~50k
2020 high ~200k
Expecting the price to dip lower than general expectations around January 2019 and also expecting price to rise higher than general expectations through end of 2019 and 2020. Expecting ETF approval, multiple custody solutions and more generally accepted use cases 2019 and beyond.
Note
moving along as expectedNote
Too many people expecting huge bounce from 3k, went down much quicker than expected. Maybe a small bounce up to 4.5-4.8k before downward continuation in early 2019. Possible support mid January around 1.3k
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.