BITCOIN FORECAST, BTC PRICE ACTION - 20 May 2019

20 June 2019 | Darcy K. Butcher, MA, Journalist | Pacific Rim International

THE HISTORY OF BITCOIN PARABOLIC ADVANCES

BITCOIN historical data displays gain that outperform tractional markets and assets. A global store of value, Gold, has under-performed more than most assets. Gold, in its 92 year tracking, has advanced 93-fold, after reaching a peak in 2011.

BRIEF MARKET UPDATE

ETHEREUM

#ETH is pulling back, looking to form a Cup and Handle pattern to head to $300 (solid daily bounce with volume needed. 4 hour must continue upward).

LITECOIN

#LTC Double topped and rejected continues to tighten up and must hold $129. Risk to reward is not optimal. Buy into momentum for Bull break (above $141, 144).\

BITCOIN

#BTC Has had a break out to upside for multiple hours and is quite extended. $1422 is low time frame support. Weekly higher low, and break of equilibrium for another month. Healthy correction is overdue (up to 40%). #Bitcoin can pull back to $7443 (20.73%) and still be in a Bull Weekly uptrend.

BINANCE

#BNB Binance coin has hit an all new time high. Weekly Bull Flag is in play. It provides a sentiment gage and is the 2019 market leader/maker. Blue sky break out showing strength.

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BTC Wallet:
346W2wMDXVULDkuA3UUMe9S3EQT1KiMNon

LTC Wallet:
MUFGoHiwEQQJnfXFSUjN5eJTaBUCd7cu8k

For educational purposes only. This is not financial advice. DYOR
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