Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

A Look at Bitcoin’s Past and the 1,127-Day Stretch

by Arsenii Veriho
January 28, 2019
in HodlX
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
HodlX Guest Post  Submit Your Post
 

If you got into crypto trading to earn money, you’re in the right place.

But even if turning a profit trading Bitcoin is easy, sticking to your strategy might not always be. That’s because crypto makes it tempting to make sudden moves, and reading contradictory cryptocurrency market predictions doesn’t make it any easier. Simply put, trading views don’t just come from the pros, and relying on a crypto market analysis might not always work out the way you’d hoped.

With that in mind, let’s take a look back at the predictions from September 2018 and see which BTC market predictions held true.

Long-term market predictions

If we consider a BTC market analysis of the past five years, there is a general trend. Over the course of 2014, Bitcoin dropped about -86%, from $1,173 to $162 USD. If the market trend is cyclical, a similar loss from the most recent high of $20,000 in late 2017 to an estimated low point of $2,600 was anticipated.

However, taking into account the all-time high from 2014 and the time it took Bitcoin to return to this same price (roughly 1,127 days), this same analysis would see Bitcoin surge back to nearly $20,000 again by 2021 and continue to trend upward.

Although Bitcoin never dropped below $3,000 in 2018, this general trend remained true in the short-term, albeit delayed. BTC found support above $6,000 throughout September, but ultimately fell in November to a one-year low of $3,200.

In fact, many short-term predictions called the drop to $3,000 BTC several months in advance, believing the forward path of crypto in the fall of 2018 to be heavily downward. Since Bitcoin’s all-time high in December of 2017, the cryptocurrency has formed nothing but lower peaks, attesting to the bearishness of the market this past year.

From a technical standpoint, BTC continued the move into a falling wedge formed from January of 2018 in the fall. This downward reversal pattern was what caused many short-term predictions to speculate on the eventual sharp spike in sell volume mid-November or to forecast sudden growth from momentum expansion on the breakdown. Evidently, this growth never emerged, and it serves as an important lesson in Bitcoin trading: stick to your strategy.

Buying into FOMO or FUD is almost always going to end badly. 

Looking back on the past few months of cryptocurrency market predictions, the takeaway is the same that it’s always been for crypto trading. Long-term strategists need to look at long-term analysis, and swing traders need to stick to short-term predictions. In other words, a dedicated investor following a long-term strategy has no business reading hourly BTC/USD charts.


Kepler Technologies Team

Kepler Technologies is founded with a bold objective: to create customer-centric trading, portfolio management, and business intelligence solutions that mainstream investments into DLT markets and digital assets and drive long-lasting adoption.

There are a few products already released: Lukrum (portfolio management service for blockchain assets) and EOS portfolio (portfolio tracker for EOS tokens holders). Find out more details below.

Websites
Lukrum
Eosportfolio

Email
info (at) kepler.finance

 
Check Latest Headlines on HodlX


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • OpenDAX 3.0 With Exchange Liquidity Network (XLN) by Openware Goes Live
    March 6, 2021
  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$50,111.00
$50,111.00
3.17%
Ethereum
$1,660.77
$1,660.77
0.73%
Binance Coin
$234.38
$234.38
4.38%
Polkadot
$34.06
$34.06
2.53%
Cardano
$1.13
$1.13
1.5%
XRP
$0.462110
$0.462110
0.04%
ADVERTISEMENT

Spotlight

  • The Elon Effect – Companies Now Racing for a Piece of the Bitcoin Pie
    March 1, 2021
  • IRS Answers Critical Question on Bitcoin and Crypto Tax Reporting for US Citizens
    March 5, 2021
  • Top Analyst Predicts Massive XRP Breakout, Warns Major Bitcoin and Crypto Correction Coming First
    March 3, 2021
  • Jack Dorsey Using New Crypto Project to Sell His First Tweet
    March 7, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.