The accumulation zone is expected for Q1-Q3 of 2019 and started since Nov 18's capitulation. Q1 average is at $4'230 with Q2 expected near $5'200. We expect the standard deviation of the accumulation zone mean fluctuating around 33%-50%. (Assuming 33% candle body and 50% with the wicks). Using a 40% average we can expect a 20%-25% deviation both on the upside and downside.
Short term SHORT @ ~$6'150 - ~$6'400
Long-term LONG @ ~$3'650-$4'200
Additional timeline for the hodling fools:
- expect btc to reach $8'000 by ~dec 2019
- expect btc to reach $18'000 or ATH by ~dec 2020
- expect btc to reach $180'000 - $280'000 by ~dec 2021 / ~jan 2022
In conclusion:
There's a possible short play in the short term near the $6'200 region. The next retracement could be the second and last best entry point which would be near the $4'000 levels. The third and final move would consolidate above the next ~$6'100 resistance cluster level, confirming the bull market coming forward beginning to move us towards our $8'000 target in Q4 2019.
Feel free to share your thoughts and ideas in the comments.
*Maybe keep 1/5th of capital aside for the 1/5 or 20% chance of final third capitulation to $2'000 levels.
**My retirement on BitMex 10X leverage
***My wife has left me and took the kids
****This is not financial advice and bozo's analysis is for entertainment purposes.
God bless
CryptoBozo23
BTC adress: 3LtN5cym9TuNjoib5kKYcBUcc9xjqDmCYn
Short term SHORT @ ~$6'150 - ~$6'400
Long-term LONG @ ~$3'650-$4'200
Additional timeline for the hodling fools:
- expect btc to reach $8'000 by ~dec 2019
- expect btc to reach $18'000 or ATH by ~dec 2020
- expect btc to reach $180'000 - $280'000 by ~dec 2021 / ~jan 2022
In conclusion:
There's a possible short play in the short term near the $6'200 region. The next retracement could be the second and last best entry point which would be near the $4'000 levels. The third and final move would consolidate above the next ~$6'100 resistance cluster level, confirming the bull market coming forward beginning to move us towards our $8'000 target in Q4 2019.
Feel free to share your thoughts and ideas in the comments.
*Maybe keep 1/5th of capital aside for the 1/5 or 20% chance of final third capitulation to $2'000 levels.
**My retirement on BitMex 10X leverage
***My wife has left me and took the kids
****This is not financial advice and bozo's analysis is for entertainment purposes.
God bless
CryptoBozo23
BTC adress: 3LtN5cym9TuNjoib5kKYcBUcc9xjqDmCYn