BTC FOR 18´ MAPPED OUT!Speculation that sadly may come to an end
Hello folks,
I know most of you wouldn't want to see a chart like this, especially if you are heavily invested into bitcoin. But, at some point you'd have to come to terms, that bitcoin, as a speculation may not be as profitable as it seems.
* So, how have I come up with this analysis.
-Since it is over a long time frame, figuratively speaking, anything can happen. Any positive news, sudden institutional demand for cryptos, governmental policies may affect the price in any kind of way that is too hard to say for now.
-But, as any other asset, bitcoin is correlated to some extend as of now to how the major index funds such as SPX 500, DJI etc, etc, that most likely will not do so good in the late 2018. This would also affect the general economy, which in turn will affect almost every other asset(you can do more reading about this and analyse the current state of the named index funds). Bitcoin price wise as a speculation, as a result of this will most likely be forced to come to its fundamental value. I would also expect here that approximately 1-2/3rds of the current alt coins in the market would potentially collapse.
On the flip side, many of the traditional assets investors, tend to turn to alternative assets in the face of a crisis, and bitcoin may be one of them.
This could be a very elaborate analysis, but for now this will just be the sort of a first draft. As time goes on we'll get more and more information that will help with this analysis!
As I've only recently started using tradingview, I'd appreciate any subscription, agree, share, or any comment with your thoughts or critics on the chart or bitcoin in general!
Disclaimer:
//This is not a buy/sell sign, you decide what to do with your own money!//
I know most of you wouldn't want to see a chart like this, especially if you are heavily invested into bitcoin. But, at some point you'd have to come to terms, that bitcoin, as a speculation may not be as profitable as it seems.
* So, how have I come up with this analysis.
-Since it is over a long time frame, figuratively speaking, anything can happen. Any positive news, sudden institutional demand for cryptos, governmental policies may affect the price in any kind of way that is too hard to say for now.
-But, as any other asset, bitcoin is correlated to some extend as of now to how the major index funds such as SPX 500, DJI etc, etc, that most likely will not do so good in the late 2018. This would also affect the general economy, which in turn will affect almost every other asset(you can do more reading about this and analyse the current state of the named index funds). Bitcoin price wise as a speculation, as a result of this will most likely be forced to come to its fundamental value. I would also expect here that approximately 1-2/3rds of the current alt coins in the market would potentially collapse.
On the flip side, many of the traditional assets investors, tend to turn to alternative assets in the face of a crisis, and bitcoin may be one of them.
This could be a very elaborate analysis, but for now this will just be the sort of a first draft. As time goes on we'll get more and more information that will help with this analysis!
As I've only recently started using tradingview, I'd appreciate any subscription, agree, share, or any comment with your thoughts or critics on the chart or bitcoin in general!
Disclaimer:
//This is not a buy/sell sign, you decide what to do with your own money!//
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