Bitcoin could Crash by 75% in 2018 – If this happens…
Some time ago, I shared the comparison between Gold 1998-2012 and how that pattern resembles the price pattern of Bitcoin during 2017. Gold crashed by 50% once the high was set.
In this update, I want to share the pattern of Silver 2006-2012 and show you why this pattern is an imminent risk to all the Bitcoin lovers (including me. Disclaimer: I sold 75% of all crypto assets over the last few weeks, as I’m very satisfied with the gains and I believe that a 20% allocation of total assets to cryptos is a bit too much. Now, I have a 5% weight remaining, for the long term. I raised the cash levels to take advantage of the expected decline and I also took some short positions Bitcoin in my trading/hedge account at eToro).
Let’s take a look at the chart.
SILVER vs BITCOIN
Both patterns show a vertical move up, after nr. 5 (a few days of back and forth) was resolved.
Whenever price goes vertical, after nr. 5 and into nr. 6, it’s simply a matter of time before gravity kicks in.
Bitcoin Prediction 2018
Based on the pattern of Gold (-50% once the high was in after the vertical move up) and the pattern of Silver (-75%), I would say the target for Bitcoin could be somewhere between 16.600 * 0.5 = $ 8.000 (Gold copy) and 16.600 * 0.25 = $4.150 (Silver copy).
These targets also align with my monthly chart pattern, which warns us that a 75% crash is coming.
Bitcoin 2018 prediction: $4.150 – $8.000
Crypto Rating Desk and our ICO Portfolio of 100
ps. I started a new project, for and by my international students.
We analyze upcoming ICO’s and when we see a project that we like, we contribute. Our latest contribution is TokenPay.
We now have 11 contributions, and our goal is to build a portfolio of 100 tokens that generate a periodic cash flow (Portfolio of 100).
Feel free to follow our ideas: CryptoRatingDesk.com