could it be the next scenario?

[iq_armando]

From what little I have learned from trading is that there are fractals and you can guide one with them, could it be the next scenario? ..... If so, 2019 is for purchase of BTC and Hodl

You have draw really great trend. If the rally follows the past then we hope, the trend will be like which you draw. So, we should wait, no need to be panic.

thanks for your comment ..... And I forgot to say that if also elliot waves are true.

[justspare]

From what little I have learned from trading is that there are fractals and you can guide one with them, could it be the next scenario? ..... If so, 2019 is for purchase of BTC and Hodl

[im g]http://i63.tinypic.com/a9tmhx.png[/img]

Honestly I do not need any technical analysis for making myself to buy more bitcoins for holding. Yes, I am already in plan to buy bitcoins as much as I'm able to, by adjusting my all other budgets, so that I will be having more bitcoins than actually I have planned. After the yearlong fall-down, anyone could easily predict what will happen with bitcoin markets. Yes, this is the right time to buy more with long term plans. I'm not suggesting to anyone to go for buying more bitcoins right now without planning to hold them for longer period.

Price will literally increase. But maybe the next scenario for the bitcoin will down again. But this year and next coming few years we expect the value become high for the second time and we can earn money for the second time too.

For this reason alone I keep suggesting to everyone to plan for long term. Because, in short-term bitcoin market may come down again but it will not hold in lower levels for long time. So, it will be bouncing back after some time. Buying bitcoin and holding them for years will be more profitable than any other investment plans.

[Hivalley]

Buying bitcoin and holding them for years will be more profitable than any other investment plans.

You may be correct with this statement,but the major reason why most traders favor short term/active trade is lack of huge capitals to engage in long term trade
Because in my opinion for one to make profits from long term hodling,you will have to use a substantial amount to purchase the coins,so at least a double of your investment price would be worthwhile for you

But with Little capital,it will be best to trade actively,probably arbitrage trading and rack up little profits overtime,as the ROI comes quickly,the little profits wouldn't matter that much

[Whosdaddy]

with Little capital,it will be best to trade actively,probably arbitrage trading and rack up little profits overtime,as the ROI comes quickly,the little profits wouldn't matter that much

What is little in your definition ? Trading actively is suggested only when you are equally capable to a professional trader but honestly there will be no matter of  your capital is huge or small, it is always safer with bitcoin if you go for long term based. I'm not sure about why you are considering arbitrage trading because it is a rare opportunity and most active traders may not bother arbitrage opportunities as it needs lot of attentions to spot out.

Overall, I understand you are having very good opinion about active trading but I'm afraid that you may not experience in real life similar to your opinion. I agree quick ROI is possible with active trading whereas long-term holding does not, still if you consider the risks involved in active trading, probably you may avoid it for ever. I guess with small capital you are planning for active trading still I'm suggesting regardless of your capital size, it is always better in all circumstance to go for long term, in my opinion too.

[Rebisco]

This year will be the best time to buy as much bitcoin as you can but you must know that you don't have to use all of your money to buy bitcoin because it still too risky, no one will know what happen with bitcoin later. So if you want to buy bitcoin, at least you know how much money you will use and don't use the money without thinking about the worst scenario. That scenario could be happen in the future and this year will be the lowest bitcoin price ever because in the future, bitcoin price will be too expensive.

About buying bitcoins, it is good to buy bitcoins but we should not invest all of our money. We should have a plan where we can allocate right amount of capital to make investment. Our money is not safe here in the market due to the high risks..

[Harlot]

From what I know chart analysis on a multi-year or long term chart is mostly inaccurate mainly because their are external factors involve that cannot be included in the chart like news, government actions, and banning which all of this can affect your 7 year price prediction. I know a lot of people here likes the idea of a long-term hodl but fractal anlaysis like this one is extremely inaccurate as you are just basing it on the current chart only.

[stadus]

From what I know chart analysis on a multi-year or long term chart is mostly inaccurate mainly because their are external factors involve that cannot be included in the chart like news, government actions, and banning which all of this can affect your 7 year price prediction. I know a lot of people here likes the idea of a long-term hodl but fractal anlaysis like this one is extremely inaccurate as you are just basing it on the current chart only.

I agree with you, a lot of traders have shared their prediction based on the analyzing the chart but it didn't happen.
Now, I am more reliant to external factor just like news or speculation because this is a big factor that will move the price, just getting more matured in the market will help us make a timely decision, but I still appreciate what OP has shared, those information are also vital.

[binhvo1505]

From what little I have learned from trading is that there are fractals and you can guide one with them, could it be the next scenario? ..... If so, 2019 is for purchase of BTC and Hodl

I do not expect that the price of bitcoin could rise so high in 2026 but at least our crypto market will grow very high this year. Bitcoin prices will no longer appear under the price of $ 4,000, so this is a good time to buy BTC.

[NavI_027]

But the fundamental for 2019 is quite good (as long as it did happen). Bakkt, ETF, etc can bring new positive sentiment for the market, after that the halving will happen.

That's why I think the opposite. I think that 2019 will be a year for btc pumping thus the right time for selling. So let's make the most of the bear market while it lasts — buy as much as possible.

<snip>

I agree with you, a lot of traders have shared their prediction based on the analyzing the chart but it didn't happen.
Now, I am more reliant to external factor just like news or speculation because this is a big factor that will move the price, just getting more matured in the market will help us make a timely decision, but I still appreciate what OP has shared, those information are also vital.

Me too, I only set news, chart analyses and predictions as a guide and not my full basis when making decisions. I just keep my eyes on the market and use my intuition every time it changes, it seems less technical but at least it is simple and besides that's where I am comfortable with .

[ice18]

I hope so but can this technical analysys can actually predict a bull market coming? if yes then why did not also analysed the bear market last year and we still not recovering from here, I wonder many predictions last year that did not actually happen but what happens is the opposite.

[stadus]

I hope so but can this technical analysys can actually predict a bull market coming? if yes then why did not also analysed the bear market last year and we still not recovering from here, I wonder many predictions last year that did not actually happen but what happens is the opposite.

Correct again, this should have predict the bear market so were able to dump our coins on time and get out with a profit.
The problem last year are those people who are good in sharing their TA based on the graph are still bullish and they only turn bearish when bitcoin was obviously going down. I noticed last year that one of the reasons why we dump is because of the expected news like ETF approval that didn't happen.

[nicolas1979]

Everything is possible but we must also see from fundamental method, meaning is there any news can support your theory?. Technical must combine with fundamental because market is unpredictable, as long we can see the trend it will easy to make strategy even using small money. Many people already left bitcoin market but if your scenario success they will come back again, let's hope it will happen.

[marcbitcoins]

It is hard to tell that there will be positive market movement for this year as we have already a whole year bad market experience in which even famous experts in prediction are became foolish because of this bearish market which is still in effect right now. Therefore, lets just wait and see as we all knows that crypto currencies movement are really unpredictable.

[otundebis]

Technical analysis gives glimpses and signal that could give us sense of direction of where the market is heading,  though we may not get accurate data but the guidance receive can be very valuable and useful.  I think 2019 is accumulation year for those that want to profit greatly from Bitcoin in 2020!

[haroldtee]

If you will add historical charts of Bitcoin price, everything would look even better. This is a technical analysis that works well in much more stable markets. Bitcoin is still niche for financial markets and unfortunately this may be a mistaken assumption. However, there is a probability of such a scenario.

In case you have not noticed, from the general traditional market that has been traded for years even to this one, everything is all a game of probability for retail traders, it is just how you are able to strategize, anticipate, manage risks and make the better judgement in your trade that would matter at the end of the day. One thing I always do though is never to think of what could be a possibility for how far a market would go or how low, I just basically allow trend and time to do the talking. I feel over time, that has suited me a whole lot better.

[lenovop-70]

I agree with most of the opinions of people here that 2019 is the right time to buy as much crypto as possible, starting now before it runs out of time, but within safe limits of course.

[stadus]

Technical analysis gives glimpses and signal that could give us sense of direction of where the market is heading,  though we may not get accurate data but the guidance receive can be very valuable and useful.  I think 2019 is accumulation year for those that want to profit greatly from Bitcoin in 2020!

I'm glad that everyone is very optimistic for this year, our bad experience last year should not affect our focus this year, we should put in mind that this bear market will end and a new life in crypto will be born which is a bull run again. Once bull is here, everything will be corrected at the price that it should be, bitcoin and the rest of good altcoins should rise again but I'm just waiting for the right factor to drive it because until now, seems like it's still bearish.

We don't loss our confidence in crypto, we've survive in the past and I'm we are stronger now.

I agree with most of the opinions of people here that 2019 is the right time to buy as much crypto as possible, starting now before it runs out of time, but within safe limits of course.

[eagle10]

You maybe are correct but the best thing to to do when bear season is still holding on regardless of technical analysis or even simple analysis is HODL if you have huge capital in the market but if you have less capital to take to the market short term and not HODL is the best thing to do for traders.

[ethereumhunter]

This year will be the best time to buy as much bitcoin as you can but you must know that you don't have to use all of your money to buy bitcoin because it still too risky, no one will know what happen with bitcoin later.

Everything comes with a risk, Bitcoin (from a non biased perspective) more than other assets, but we all want to have the best possible allocation of funds yielding the best returns. I honestly would say that investing in Bitcoin at this stage is less risky than investing in US stock with how they are screaming don't buy me. It's almost like how people thought it was a great time to buy the dip around $15,000 last year. Don't touch a falling knife.

If I was given the choice to pick a basket of US stocks worth $100,000 or a basket of Bitcoin worth $50,000 that I had to hold for 5 years straight without touching them, I would go for Bitcoin without having to think it through.

I would go for bitcoin too as you because I don't know anything about stocks, it's too risky and dangerous for me. We need to always search for the news because the stocks depend on what will go on in the country and the company. But for bitcoin, I don't mind to hold for 5 years or so because I believe that the price will increase higher in the future. I want to buy more and more bitcoin when the price is on the dip so it will be the best chance for everyone too.

Maybe I will wait until the price can reach down at $3000-$3300 or if the price can down less than $3k, then it will be the best time to buy bitcoin. This time we don't have much time to think about how much bitcoin price can get down because if we think like that, we can be too late to buy and we will miss the price.

[vv181]

Anything is possible in the cryptocurrencies market, remember Bitcoin is a speculative asset. We cant trustfully to a technical analysis since it is just an indicator to help us, but cryptocurrencies always make us amazed so, any scenario has a chance to become true. One thing I know for sure is that Bitcoin and cryptocurrencies have a bright future.