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

Crypto Economist Says Bitcoin Price Not Safe Yet, Crash to $1K Possible – BTC, XRP, Ethereum, Litecoin, Stellar, Cardano, Tron, EOS, Binance Coin Forecasts

by Daily Hodl Staff
May 22, 2019
in Trading
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

‎‎‎ ‏‏‎

ADVERTISEMENT

A former World Bank economist and partner at Lucid Investment Strategies is making the case for Bitcoin’s possible return to $1,000.

In August of last year, Leah Wald dropped a post saying the firm’s Hyperwave theory, which analyzes boom-bust cycles to identify four distinct moves up and three steps down, signaled a potential Bitcoin drop down to $1,000. Now that BTC is back in the $8,000 range, Wald says the odds of Bitcoin plummeting down to $1,000 are now lower, but still possible.

“The BTC Hyperwave is still in effect until a new all time high is reached. The recent price action has decreased the chances of returning to $1,000 but that target is not invalidated until a new all time high is established…

Remember that Cash is king unless an asset class is trending UP and that only long term trends are fit for investments. We remained in cash as long as the long term trend was DOWN, we will continue buying as long as it remains UP.”

ADVERTISEMENT

In a new tweetstorm, Wald points to the once parabolic rise and fall of sugar as an example of a market that hit huge all-time highs, crashed and then surged back up before once again dropping to its base.

16/ Sugars price got within a whisker of returning to Phase 1, and then rallied back to near ATH territory, before selling off all the way back down to Phase 1. Just because the trend is turning bullish, the HW Phase 1 target is not invalidated until a new ATH is created.

— Leah Wald (@LeahWald) May 21, 2019

Right now, the crypto markets are a sea of red. Bitcoin is down 3.54% at $7,804 according to COIN360. Ethereum is down 5.29% at $247.34 and XRP is down 5.44% at $0.3805.

Source: COIN360

Technical analysts are seeing mixed signals on where Bitcoin and the crypto markets at large are heading.

Bitcoin

CoinDesk – Bitcoin remains on the defensive with price below $8K

FXStreet – BTC/USD inverted shoulders pattern spotted as breakout looms

NewsBTC – Bitcoin price trading sideways, bulls eyeing fresh increase

ADVERTISEMENT

Ethereum

Blockonomi – Ether dips could present buy opportunity

FXStreet – ETH/USD bulls fail at $260, RSI still trending within overbought zone

XRP

Coinspeaker – XRP/USD consolidating on the short-term outlook

Blockonomi –  XRP facing risk of another drop before moving higher

Litecoin

CoinCodex – LTC in consolidation after epic 84% surge

Blockonomi – Litecoin now showing signs of weakness

Bitcoin Cash, Binance Coin, EOS, Stellar, Cardano, Tron, Bitcoin SV

NewsBTC – Binance Coin hyped on mysterious tweet, BSV still surging

Cointelegraph – Potential for short-term blip ahead: BTC, ETH, XRP, BCH, EOS, LTC, BNB, XLM, ADA, TRX Analysis

ADVERTISEMENT
Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


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

  • 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
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
  • Everest Receives Crypto Custodian Approval
    February 23, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$49,114.00
$49,114.00
5.41%
Ethereum
$1,569.83
$1,569.83
8.48%
Binance Coin
$249.70
$249.70
11.96%
Polkadot
$36.12
$36.12
6.51%
Cardano
$1.22
$1.22
4.55%
XRP
$0.441556
$0.441556
4.61%
ADVERTISEMENT

Spotlight

  • Crypto Trader Lark Davis Says Four Crypto Assets Built on Polkadot Could Skyrocket 100x
    February 23, 2021
  • Google Teams With D-Wave in Massive Quantum Computing Leap, Cracking Simulation Problem
    February 26, 2021
  • Analyst Who Accurately Called Bitcoin’s Biggest Crash Outlines BTC’s Potential Trajectory, Analyzes State of XRP
    February 24, 2021
  • Top Analyst Predicts XRP Is Ready To Erupt – Here’s Why He’s Not Buying In
    February 28, 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.