Crypto Analysis | Bitcoin 19-20k - I'm calling it :)
hive-167922·@tobetada·
0.000 HBDCrypto Analysis | Bitcoin 19-20k - I'm calling it :)
## <center> Good day Hiveians!</center> ### <center> Join me in analyzing the crypto markets!</center> So if you have followed my analysis of bitcoin and Hive in the last months, you are probably aware by now of [btc's upward trend](https://peakd.com/hive-167922/@tobetada/crypto-analysis-or-follow-the-orange-line) and [Hive's seemingly bottomless fall (which has probably ended now)](https://peakd.com/hive-167922/@tobetada/crypto-analysis-or-hive-10-11-cents-and-a-sustainable-rebound). - Bitcoin's movement has changed: it has decoupled from the stock market. Notice the dotted line (October 22nd) and the stark divergence between btc and dji:   - Fractal analysis suggests a strong push towards 19-20k and a correction afterwards to about 13-14k levels. This is in line with the idea of ["follow the orange line"](https://peakd.com/hive-167922/@tobetada/crypto-analysis-or-follow-the-orange-line). Take a look at 2016: price trended near the orange line there as well and broke out, *but did not breach the former high at about 1140$*. We are currently at a very similar point for bitcoin: A price hike to 20k would also be equivalent of about 40% (so not too much). I think this price level could be reached only in a matter of weeks. But again keep in mind that the former high was not breached and was instead met with a price correction. I expect the same thing to happen this time. After reaching the 19-20k level, price will most likely decline to 13-14k. This again, should constitute a great buying opportunity.  Also notice the upward pointing channel we are currently in: it is a strong bullish indicator in my opinion. Additionally volume has not further declined, but instead looks like there will be more green volume bars coming up...  - Hive in the other hand should now have completed its downward fractal. I expect prices to slowly (with corrections) recover to the 20 cents level. Notice how well the fractal analysis has worked out for predicting the price so far!  --- *As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!* <center></center> <center>⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅</center>  ### <center>**[Check out the Love The Clouds Community if you share the love for clouds!](https://peakd.com/c/hive-131609/created)** </center> <center>⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅</center> <center></center>
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