/ USD TA
We are looking at very strong at 200 MA WEEKLY. If we were looking at fractals we would be expecting to see another minor drop followed by as stronger one in Q4. Nevertheless we should keep in mind that 2015 and 2019 are completely different times even though both timeframes have experienced very strong price suppression. We should also be on a lookout from institutional investors making themselves known within the next few month as well as the release of Bakkt, Nasdaq, Fidelity, exchanges and few others later this year.
has been a great long term store of value and appreciation of that value from the time it was created. Short term traders (if unbiased) also have great time shorting and longing breakouts.
Important Thing to Keep in Mind
Even though it’s known that is not idea for transaction use as it can easily be beat by other crypto currencies such as XRP, nevertheless will maintain its ‘slow’ progression upwards in coming years.
There will only be 21 Million in existence, with massive part of which is already either lost or stolen.
Price Prediction Within next 12 Month
This question can be answered in few ways…
1. If we were to make an intelligent prediction upon looking at fractals and core indicators, we would start seeing signs of bull run beginning around mid to end July 2019 with price reaching of $20,000 around April 2021 and reaching $100,000 mark by Q4 of 2021
2. If we were looking at general pattern, core indicators and an addition of anticipated events such as Institutional Exchanges going live, larger and broader adoption of cryptocurrency, we would be looking at $100,000 between Q4 of 2019 and Q1 of 2020
To summarize our price prediction and timing, again, we would have a convective target of $40,000 within 12 Month and an aggressive target range of $80,000 – $100,000 within 12 Month
Keep in mind that ALTS are much better alternate to in terms of returns that they are capable of due to their increased .
Published at Sun, 10 Mar 2019 23:00:49 +0000