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Bitcoin Short-Term Forecast 2019: Up to $6,000, or Down to $1,000? Crypto Experts from TradingView Make Their Bets

  • Vera Thornpike
    📈 Price Predictions

    Bitcoin price prediction Q1 2019 from TradingView’s best authors


Bitcoin Short-Term Forecast 2019: Up to $6,000, or Down to $1,000? Crypto Experts from TradingView Make Their Bets
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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The discussions around Bitcoin’s future never quiet down, and the crypto community cannot come to terms. Many men, many minds: some reckon that the Bitcoin bubble is about to explode, while others have high hopes for it. Wonder what Bitcoin’s short-term price prediction is for 2019? Let’s check out ideas and opinions from TradingView’s reputable users.

TomHall: [BTC/USD] - $6,130 or $1,000

The user called TomHall reckons that Bitcoin’s future could be determined by the next serious structure breakout, and the possible forecast for Spring 2019 is $6,130. But the Bitcoin price should fall not lower than $3,100 to receive support. So, when should we expect the BTC price to rise? According to TomHall, a $4,000 daily descending trendline and breakout of 50 EMA index could trigger BTC price growth. Continued changes of LLs and LHs would show that $3,100 is unlikely to hold for long and be significant support. At the moment, there is not much breakdown due to investors’ hesitation and lack of action.


Right now, Bitcoin’s fate is mostly driven by hype and sell/purchase actions. But TomHall believes that later technical aspects will play a bigger role.

Bitcoin Short-Term Forecast 2019: Up to $6,000, or Down to $1,000? Crypto Experts from tradingview Make Their Bets

Botje11: Expect Nothing Certain

The crypto expert that used to make loud statements about Bitcoin is now being more accurate. According to Botje11, we should expect the bull run for as long as we stay above the $3,300 level (the fluctuation in the range $3,200-3,350). It’s hard to make any conclusions because of a low BTC daily turnover on the market. Generally, the low volume means a bearish tendency, but the shape of a wedge signifies a bull run. The fact that the breakup of the line was small makes it very weak. Besides, there have already been a few breakouts in the $6,000 range, and the breakout of $3,400 seems to be too weak.

Oppositely, a break of $3,380 would indicate the wedge failed totally. Anything in between $3,380 and $3,450 would mean a weakening of the bearish grip.

What Botje11 recommends is waiting until Bitmex increases to $1.5-2 bln – it may be a good sign as well. Although the blue line on the graph suggests a bearish market, it can easily break from the push zone $3,450+.

Anyway, the user gives no clear predictions – we should keep an eye out for Bitcoin fluctuations every day.

Bitcoin Short-Term Forecast 2019: Up to $6,000, or Down to $1,000? Crypto Experts from tradingview Make Their Bets

VaidoVeek: Aim for 1 BTC - $3,500

This user seems to be more positive: the last bounce to $3,390 inspired him, and he is sure we are close to hitting the threshold of $3,500. So, what’s the current tendency? Look at VaidoVeek’s graph:

Bitcoin Short-Term Forecast 2019: Up to $6,000, or Down to $1,000? Crypto Experts from tradingview Make Their Bets

And read the explanation:

The price goes into the strong crossing area. There is a recent short-term higher high (orange line), there is the round number $3,500 which works as resistance and there is a Falling Wedge upper trendline which works also as resistance. If the price reaches into the light blue "circle"/area then this area is a decision price zone for short- or even mid-term perspective.”

Thus, if the price stays below the blue trendline, it will take a bit longer to reach $3,500, or it might even lead to Bitcoin selling. We should wait for a 4H candle close above the $3,500 – it will confirm the bullish trend. After the rejection of $3,500 in the nearest month, we should be prepared for a prolonged bearish winter.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Pump or Dump? BTC Price Analysis Is Interpreted in Two Opposite Versions


Pump or Dump? BTC Price Analysis Is Interpreted in Two Opposite Versions
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

One of the most extravagant crypto traders on YouTube, Crypto Kirby Trading, has come up with his own observation of Bitcoin price predictions and technical analysis. His notes give us a hint that there are two ways for BTC to go. What are they? Watch this YouTube video and check out which BTC price theories the trader has.

Head & Shoulders pattern – a bullish sign

Head & Shoulders bearish pattern cannot stay unnoticed – we can see it forming from the beginning of April until now. However, the right shoulder hasn’t formed yet, so the pattern should be confirmed – don’t rush to make conclusions.


What happened recently when BTC fell into the abyss? According to Crypto Kirby Trading, it was resistance short. Shorts got a little bit high, and they squeezed it. In fact, the recent squeeze didn’t bring us anywhere – it’s like nothing happened.

At the moment, BTC goes sideways and sees resistance. Judging by H&S pattern, the volume peak has been reached, and now we are under resistance line in the right shoulder. If BTC’s price suddenly goes up, the pattern will be invalidated.

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Pattern within a pattern

Which pattern has been taken by BTC? It depends on how you look at it! What do we have here?

Descending triangle pattern or an ascending triangle (a little bit longer term)? Both are possible!

There has been lot of speculation about these patterns – that’s the problem. So, we have two different triangles and H&S, three patterns at the same time. If the H&S or descending triangle get validated – BTC is expected to go down to $5,000 and further into the abyss.

Take a look at the chart. We are still trading below the key resistance in the red box, and the rest of indicators still look bearish. We haven’t been trading so low since February 2018! That’s why it’s hard to believe that we will pump.

According to Crypto Kirby Trading, the $6,000 resistance might be very hard to beat – the hardest in BTC history. Very unlikely that it will happen in the nearest time, but who knows?

So, what should happen?

Crypto Kirby Trading  reckons that the possible $4,500-$4,300 would be a better bottom to buy BTC even than at the winter level. However, you should be very attentive. We are testing the November 2018 levels, and it’s important to make proper adjustments here.

Currently, the volume has been higher than in the previous months, but it’s not promising – it seems to be declining gradually. If we go down, we will reach consolidation to resistance.

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What should happen for a dump?

If we move sideways without touching resistance, expect a bearish period, and we’ll continue adjusting the triangle pattern until it breaks. Confirmation of patterns is required – don’t rush to make conclusions yet.

One more thing signifying a possible dump is the Fear & Greed Index – 61, which means we can fall as it always occurs when we get greedy and want to squeeze maximum profit from the market.

What should happen for a pump?

For pump, we should break the red box ($5,750). We should test the top of the box as well as the H&S and reach new volume – we want this boom to happen and bring us to the top, don’t we? If that happens, opportunities can get insane because the bulls vs bears battle will be epic. We might get through $6,000-$7,000, but of course not without failing the first attempts to scratch the top – it always happens this way.

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