Bitcoin will rise to a 10 k or will drop to 2k
And this video I want to talk to you about the recent situation in bitcoin. And actually this video is going to be quite controversial as you're about to find out. So, uh, as you can see here, as I'm looking at this chart today on Tuesday, bitcoin has just had another surge higher. And I want to talk to you about the potential wave counts that we're dealing with here on bitcoin. So I'm going to show you two alternative wave counts on bitcoin and show you which of these is more probable. So firstly, let me show you this chart over here. Now this is a line chart of bitcoin. So it's not a bar chart that's not a candlestick chart, it's a line chart. So we're only looking at the closing prices of Bitcoin.
And on this chart, what you see here is that I've, I've applied our own lt Elliott waves indicator and this is the default setting of our indicator. And what this default setting is showing to us right now is that we could potentially be in the start of a brand new way, three off a potential uptrend in bitcoin. Now as you probably know, I have a different way of interpretation which I explained to you in my previous videos. I'll come to that in just a few moments. But here's the thing, before I explained to her the other wave interpretation, I went to first of all say that this particular wave count you're seeing here that were potentially starting a new one, two, three wave count and the upside is perfectly valid and there is nothing wrong with this interpretation as far as the wave structure goes.
Bitcoin may crash to 2500 or 1500 mark range. Be prepared to buy in full of stack and HODL for an x20 profits in Future Bitcoin bull run
It's been a few weeks at least since my last video. Um, quite frankly, I've just been pretty busy with a building, a lot of content trading full time and also working with some different businesses and ventures that I'm involved. So please accept my apology for that. I will try today and give you an update on where I see the 60-day cycle, the short term, but of course focus more on the long term that I said. Well, dedicate as channel four. Look at the kind of the four-year cycle outlook where I see potentially a big coin moving over the coming year or at least this year in 2019 and give you some more strategies on how to trade Bitcoin and invest in this type of environment. And then lastly, as a disclaimer, again, information or provide here on this video is not for you to go out and buy or sell immediately.
Will a new Bitcoin bull run starts on April or not? Where can ride us Bitcoin new bull cycle? What will price Bitcoin reach before we should consider selling it?
I'm coming to you today with a new video. Firstly, I'm going to cover today a lot of the questions that you posted in the comment section of the Community Tab. Thank you for doing that. This might be a new format going forward, at least maybe every month. Let's see how it goes. But I'm happy to go through these questions. Give you at least my view in my opinion. Of course. Uh, like anything in life, take one person's perspective and advice with a little bit of grain of salt. Do you own research, that's not necessarily a disclaimer, it's just a life lesson that I've, uh, I think has worked well for myself. Um, everyone's prone to making mistakes, and I'm certainly no exception. Second of all, uh, one other point I want to make that very, very important. Um, and that is timeframes.
Will LTC keep going bullish or starts retrace
In this particular video, what I want to focus on is one crypto. Which we haven't mentioned that much in these videos for some time, but I want to bring your attention to it because it's quite interesting now, as you probably noticed the big news story of the last, well the last few days have been just popping in the price of Bitcoin as you can see here. However, notice one interesting thing that the cost of bitcoin couldn't get much going above the 55 daily moving average. That's a Magenta line you see on my chart, so it did have a pop, very nice one as well, but it stalled at the 55 ema on the daily timeframe. It got rejected from there as you can see there, so that level has acted as resistance on bitcoin. But of course the new story hasn't been so much about Bitcoin, but actually, more on light coin light coin search has been tremendous been, um, quite a significant one as you see here.
Now, by the way, I should say whenever I make one of these videos and whenever I mentioned a pop into the price of something like a Crypto, I often get comments from people out there who are not familiar with our videos, and there, they don't know. Some videos are mostly chart based, our technical and I often get some comments. Usually not very lovely comments saying why don't you talk about the new story behind what's happening here. Okay. So as I'm sure you appreciate guys that were not into news narratives, we keep news events and news narratives for the masses. Uh, but of course if you, if you want me to mention it, I'll suggest it. Yes. There have been some theories that are happening across the media that you can, you can read it for yourself if you want to go ahead and if you are interested in that kind of stuff.
Will we see a new stability on a BTC price action and or we will see a new bull run start?
What I notice here is in the green boxes going back to pretty much, uh, the, the Satoshi days back to the three stent area, I'm measuring bitcoin's price by month and the shaded rectangle that I have here represent the number of months in one particular streak. So the green boxes represent an uptrend, streak, continuous months of advancing from the open to the close of that month. And the red candles represent the declining phase. Uh, this one, this first one here, I have six months. What's been pretty hard to really put any weight behind this? We're talking about six cents and ten cents. There really wasn't even any real exchanges as far as I'm aware. So the pricing here is kind of irrelevant to me in my opinion. The first real bear market or the first real streak that we had was with his months, the first of the Mt.
When will be the right time to start buying cryptocurrencies? Will new fall coming in or we need to not sleep and get some cheap coins?
Which we haven't talked about for quite a while and I want to show you how you can find out the next downside targets. In fact, I'll show you a very useful technique you can use to find out next downside targets, especially if there's nonvisible on a chart. It's actually very simple to understand. So this is the chart of bitcoin because bitcoin has not been doing anything interesting lately. I want to bring your attention to this particular crypto first. So we're going to take a look at dash first and then in a few moments I want to show you another crypto, different altcoins which is getting demolished at present. That's going to be quite interesting to watch. So first of all, Dash, which by the way some years back, back in the day, dash was cold, dark coin. I'm not dash itself now. Dash has quite a lot of supporters around the world.
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