We would like to be more conservative and use some known tools for a long term Bitcoin prediction… Let’s take a look…
But before we get started, feel free to hit like now if you want to show us some love and support.
- We are using the 12345 Impulse wave structure from the Wave Principle Theory by Elliot Wave .
- We used Fibonacci proportions to reach our top target of $82,352, which matches perfectly the 5th Wave.
- The MACD supports this move.
- The RSI hit its lowest point, is now bullish and can also support this move.
What’s your take on Bitcoin long term?
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.