Speculative Market Analysis

[LUCKMCFLY]

Good and honest answers mate, thank you for sharing your knowledge with us.
As an investor, I just want to know on how much is the price of BTC by the end of the year, or what will be the ATH for this year alone?

News like JP Morgan getting into crypto and Samsung adding crypto wallets in their next phone release, what would be the effect in the market for long term?

Thank you very much, your words are an incentive for me. Well I would not be able to give you a prediction, because as I say, I do not usually predict, but if you want my personal opinion, when reviewing this page: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html and When you realize that where 100-1000 BTC appears that is approximately at 62.12% reach at least 70% the price would be prone to start rising.

Of course, these statistics shown should have their margin of error, but it is an excellent way to have more security. And the truth I would love that this year we will at least break the 10k barrier, and an upcoming Bull Run, it would be spectacular to exceed 20k, which is for me the Roof .. and from then on would be the Strong Hands decide how far will your ATH .

Regarding the JP Morgan project, I find it interesting, although I have not reviewed anything about the project or its whitepaper, whether it has already come out or not ... But personally, I think Bitcoin is the one that sets the tone, it would have to JP Morgan have your cryptocurrency backed that generates liquidity, if you want to compete with Bitcoin, of course, this is just my way of seeing it.

And well with respect to Samsung, I think they do not want to be left behind in relation to technology, they want to be at the forefront ... In the long term, I think it can help in the Stock Market the shares of SAMSUNG ... and the market bitcoin this introduction I think that if I start to help improve the price of Bitcoin, but little, that is very slowly, while people who do not know this technology, adapt them.

But there is something that I admire from the Investors, is that they always have time to wait, I imagine that it is because of their pace of life, that investing in Bitcoin or Stock Market, they are able to wait for years to make a profit, I really can not endure so long, that's why I study the phases of the market to be able to speculate with it. But if you are an Investor that is clear about your role, and you can hold your Investment for a long time, do it, because you can be sure that Bitcoin will rise, of that there is no doubt.

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[LUCKMCFLY]

Hello! Well it seems that an important movement occurred in the Bitcoin Market:

It seems that if it reached 4200 almost 4300USD and there was correction.

For now it would be prudent to hope that it can happen ... Maybe it will go up a bit, lateralize, but apparently due to the increase in volume, Law of Effort-Result, turned effect.

It is likely to continue to fall (My way of seeing it), because many will think that Bitcoin will continue to rise, and will put their positions betting on the rise, but it is what most think.

[Bagaji]

Hi all! In view of some important market movements, I would like to share with you the analysis that I can do about the currencies that you want, I am based on the philosophy of Wyckoff and my intention is that we can all make a great feedback on the analysis of the market . I say the why and so we all participate, this is not to give signs or advice of Trading, my intention is that our financial education increases every day more, I am no expert, but I think I can contribute.Well I hope to have published this thread in the correct Topic =)

Analysts are always welcome here.

So what's your outlook on the BTCUSD market, especially longer term? Do you think the current price action fits a particular Wyckoff schematic?

Usually when someone opens a thread like this, they share some analysis.

Of course, the long-term analysis is the most recommended, if you see, we are according to Wyckoff in a clear stage of Accumulation, and specifically leaving the Spring Zone, there was a small bullish rally. As I see the market, you see that the market moved with a high volume, which means that even people or operators do not want to sell at that price range, in my opinion it may reach the 4200USD and lower or a small recession to go to the liquidation zones in 3600USD, this from what I see in the Volume, in the long term there may be a lateralization and a possible bullish rally, but I see it somewhat distant, because the idea of ​​the Accumulation Stage is that eliminate the Floating Offer, so that the price rises without Volume, if it starts to rise without Volume we could be facing a possible upward trend.

What do you think about it?

Long term analysis is most recommended but only for those who can hold for a long time period. If you are in my category I don't think you will be able to hold for that long because of some financial needs that need to be taken care of on a daily basis and I do hope I will be able to safe some for future growth.

[Bagaji]

Hello! Well it seems that an important movement occurred in the Bitcoin Market:

It seems that if it reached 4200 almost 4300USD and there was correction.

For now it would be prudent to hope that it can happen ... Maybe it will go up a bit, lateralize, but apparently due to the increase in volume, Law of Effort-Result, turned effect.

It is likely to continue to fall (My way of seeing it), because many will think that Bitcoin will continue to rise, and will put their positions betting on the rise, but it is what most think.

If there will be a fall in Bitcoin value it might be difficult to break the strong support below your red line. From the analysis of the chat you provided I see an upward trend in the days to come which is contrary to your view but let see what will be the out come in your next chat.

[LUCKMCFLY]

Hello! Well it seems that an important movement occurred in the Bitcoin Market:

It seems that if it reached 4200 almost 4300USD and there was correction.

For now it would be prudent to hope that it can happen ... Maybe it will go up a bit, lateralize, but apparently due to the increase in volume, Law of Effort-Result, turned effect.

It is likely to continue to fall (My way of seeing it), because many will think that Bitcoin will continue to rise, and will put their positions betting on the rise, but it is what most think.

If there will be a fall in Bitcoin value it might be difficult to break the strong support below your red line. From the analysis of the chat you provided I see an upward trend in the days to come which is contrary to your view but let see what will be the out come in your next chat.

Thank you very much, this is the good thing about the trade, everyone has a different thought, The red line that I made, is not floor, What was done to show how far it went down, or its interval ..

I think the most healthy thing is to hope that it will happen, and thus be able to react.

[STT]

I just want to know on how much is the price of BTC by the end of the year, or what will be the ATH for this year alone?

I think thats a really tall order for something as volatile and brand new emerging technology like Bitcoin.     Its most accurate to say the market pricing is going through a process of revision or stabilisation after becoming leveraged via various avenues over much of 2017.

The biggest source of this excess fund incoming can be attributed to a weak Dollar, if looking at DXY or dollar index for 2017 we had a decline for much of the year.   Weak dollar, makes pricing alternate or inverse to it far easier to rise.   That might be the case especially for a globally used rapid velocity currency like BTC.

Present climate for USD is sideways, very possibly putting in a lower high which is bearish.   That means in far future, like 2020 not so much this year we might be able to once again observe a weak dollar.    We can guess BTC benefits again at that time but its all a maybe.    Something as titantic as Dollar reserve value traded and held all over the world by the most stoic of institutions, takes a very long time to turn.  In 2018 it was rising and matched the decline in BTC so really theres a long wait.  

The BTC relevant part is we have a while to wait for things to turn around on BTC.   It has its own local news and development but also this macro economic point of view which imo, is a fairly certain but slow progression to a more bullish scenario for BTC.

Many think we get a fallout of sell off in BTC while people wait and lose patience.    I really dont know, my opinion is we have already seen the majority of the loss and the negative outlook is in the view while news like Samsung or various support in industry for BTC is not reflected in price yet, its ongoing

[Bagaji]

Hello! Well it seems that an important movement occurred in the Bitcoin Market:

It seems that if it reached 4200 almost 4300USD and there was correction.

For now it would be prudent to hope that it can happen ... Maybe it will go up a bit, lateralize, but apparently due to the increase in volume, Law of Effort-Result, turned effect.

It is likely to continue to fall (My way of seeing it), because many will think that Bitcoin will continue to rise, and will put their positions betting on the rise, but it is what most think.

If there will be a fall in Bitcoin value it might be difficult to break the strong support below your red line. From the analysis of the chat you provided I see an upward trend in the days to come which is contrary to your view but let see what will be the out come in your next chat.

Thank you very much, this is the good thing about the trade, everyone has a different thought, The red line that I made, is not floor, What was done to show how far it went down, or its interval ..

I think the most healthy thing is to hope that it will happen, and thus be able to react.

Well, I didn't say your red line was a floor but what I saw below your red line is a strong support which may not be likely for the market to break since it has in recent time break the $4000 resistance in some days back. We are
all waiting to see the direction of the market trend in a week from now.