Daily bitcoin exchange rate forecast and cryptocurrency market analysis for 18.03.2009
What we have on the wound of crypto-currencies for today on 18.02.19 and we need to take into account that now bitcoin acts in such a sliding way, where there are no strong fluctuations on the up, but also on the bottom, too. It should be noted that the leading cryptocurrencies have helicopters for technical analysis recently, which clearly indicates that orders are knocked out, stop orders are knocked out and all this Affairs want to let go on up and want to drop off passengers. Because there were errors when for example such a coin as BNB when trading at$ 10 then dropped to$ 9 and recovered to$ 10, then of course asked the nerves and had to go out of it. At the end when there was a coin left for 12-13$ and that's too bad, I was upset. Lost profits. Now about that something happens when knock stops, there are helicopters like the XRP, and many of the top cryptocurrencies. This is an interesting phenomenon and can be seen on the 4 hour chart. And the price for example Enige the psychological mark of 130$. In this regard, it was possible to earn on local growth. Thus, after such movements punctures sharp down and helicopters signaled to us that the asset had to be bought, meant that there will be at least a small but local growth, which in principle was confirmed. Now that we see this held puncture 139-140$ this is the next psychological mark and was slightly broken, but it is now trading a little higher. If you put on an increase, then stop loss at the break-even level you need to put on 135-136$. Perhaps with sharp movements this whole thing will knock out and we will see that the crypto-currency asset will be released to the top. Here you need to think and be able to wait. Now we see this price slide is adequate in the framework of the upward movement, which can be drawn here. Almost similar to e LTE, which makes it easy to predict growth.
As for bitcoin, then we need to take into account if we are talking about an upward local movement, a decrease to 4000$ then a shot to 4200$. Now the price has grown a little and to increase to become as it does not want to. A good point will be to increase when the price will fall below the psychological level of $ 4000. We may need to confirm the movement and wait a bit. Of course you need to monitor the price of bitcoin all day without it or how.
As for TOM LEE, he said that the bitcoin exchange rate will be$ 20,000, but in fact TOM LEE is now connecting and now the media are connecting that will force his words. This man billionaire has established himself in the traditional financial markets, but any of his word is pushed by his mass media and very strongly and any of his words were not reasoned and he always claimed to raise the price when bitcoin was falling. Even this could make traders speculators in a short period of time or the average period. But if you keep the cryptocurrency for a long time, you would be now in a big minus. Essentially it comes down to the fact that all the falls. If you look at the monthly chart, then for good we should have a good rebound after a good fall to$ 5,000 and then a fall to$ 1500-2500 after which, I believe, a stable upward movement will begin, fueled by news of a decrease in the block reward for LTE and BTC, as well as the launch of Bakkt and the entry into this market of institutional investors. In principle should be shot.
According to ETH, after solving the problem with scalability, speed of work, there should be a boom, a surge in ICO and this will lead to a revival of the crypto-currency market, which will allow us to earn on this with the right approach. You need patience to keep cryptocurrencies and not sell them in panic, then when BTC reaches critical marks. For example, when a person bought BTC at$ 18,000 and he waited and waited for the price to fall to 15,000, then to 10,000, then to 6000$ he waits then the price falls to 4000$ the person begins to think and when the price reaches 2000-3000 dollars he sells and with great disappointment does not enter the market anymore. This categorically can not be done. You just need to average. But in my opinion this amount may not be a maximum of 3000 -3500$ because the corrective movement is very long and the release of important news since August 2019 is close. Whales won't buy at $ 4,000 they expect panic from ordinary people when they sell at these low levels. And this is how I think one of the likely scenarios for the development of the course. And these whales in a year, two or three will sell this bitcoin at times more expensive – 50,000 dollars for bitcoin. Quite real and adequate scenario. A similar story was in 2011 when a person bought bitcoin at an inflated rate and he then dropped to $ 14, he said that I went bankrupt, I lost. But in fact, if he had kept them until 2018, he would now be a rich man and would provide for himself for life. People who came at the end of 2017 they suffer losses, and people who came 3-4 years ago they are in good advantages. At the moment, we do not have a certain concept that we have a growing movement, now we have a side movement again for a very long time, the trading volumes are increasing, but these volumes can be forged. This information can confuse the crowd. People think again appeared a volume, then we go on upwards, but not actually so. Locally, we can grow to resistance levels of 4400, 4800, 5000 dollars, and then a sharp decline down. In my opinion the little people suffered. An adequate period of 3-4years, but it's not exactly due to the fact that in the near future it is expected we have an important news.
In General terms, what I want to say for now I'm not saying that up or down, we will have a slide in prices and play out the moments of local growth, on which you can earn.
Good luck to all new meetings, subscribe and of course all patience!