MUST READ: ALL CRYPTO REKT? THESE ARE CRYPTO PREDICTIONS FOR 2022 (Probability 90% accurate!)

Author: ANCOLL – Kaskus with Tokenomy

As we reach the end of the year, unexpectedly almost all the prices of coins fell, including Bitcoin.

You can see this on the daily and weekly price charts below:

(daily chart from TOS 14 Desember 2021 pukul 20.30 WIB)

Above is the daily futures chart for BTC/USD on December 14-2021, at 20.30 WIB, you can see BTC had a deep correction for 5 weeks in a row, and there has been no turning point until the price hit the daily support line represented by the blue line in the $40,000 price range.

Is this worrying? Yes, it is worrying because if you enter the position at this time, it is likely Bitcoin will continue to decline until the end of the year, same goes for the other coins.

If we look at the Bitcoin weekly price trend (this chart is perfect for investors), the chart looks like this:

(weekly chart dari TradingView 14 Desember 2021 Pukul 20.30 WIB)

On a weekly basis, the BTC price started decreasing 5 candles ago, which means the price has been declining for 5 weeks. The weekly support shown has lowered to around $30,000 (shown on line number 1). Before the decline, BTC had a higher support price  at $69,355 shown by line number 2.

What does this mean? Do we need to sell as soon as possible? Yes! We should be selling soon, because most likely the prices of BTC and the other coins will drop soon. We estimate the prices should only increase in early 2022.

For those who have bought BTC at a price of $30,000 or below, please SELL the coins and enjoy your profits while waiting for the prices to reverse/swing from support.

For those who have bought BTC at a price above/$30,000, no need to worry, just hold on to your BTC. The price of BTC within the next year or 2 will penetrate the new ATH.

If someone asks if we can do SHORT SELLING / OPEN SELL and then buy later? The answer is YES, if you believe that this coin price will fall, you can SHORT SELLING/OPEN SELL first, then close the position with a Buy order, but you have to trade on the SPOT market using the spot price, which we will discuss after this article.

Short selling or spot trading is more suitable for traders. Short term trading is not meant for investors.

So back to the first discussion, what will be the price trend of these coins in 2022? Are they still good as an investment?

HERE’S CRYPTO PREDICTION FOR 2022

First of all, we will discuss the top-ranking coins, namely Bitcoin (BTC) and Ethereum (ETH).

(Bitcoin Daily chart in 1 Year from CMC 14 December 2021)

As traders predict, the price patterns will repeat themselves, and this happens as well to Bitcoins’s prices. As seen on the chart using the blue lines, Bitcoin prices had the biggest increase in March 2021, with consolidation/sideway price pattern happening in April 2021, followed by a sharp price decline in May 2021.

This price pattern is very similar to the Elliott Wave pattern. For easy illustration, we use 3 lines to analyse the pattern. The second pattern occurs again in Quarter 4 (on the yellow line) in October 2021 where you can see the price has a sharp increase, then in November 2021 there was a consolidation/sideways price pattern, and in December the price went down although it is not clear how long the price will continue to fall.

Let’s take a look at the trend of Ethereum (ETH) during this year.

(Ethereum Daily chart in 1 Year from CMC 14 December 2021)

The price pattern is almost the same as BTC although this time, ETH has another pattern. ETH has a 1-2-3 trend pattern that is slightly different from BTC, as ETH has a shorter consolidation period compared to BTC.

Only about half a month ago, ETH prices went straight to line no 3. Currently, ETH has just started its decline at line no 3 (yellow colored line), so it can be concluded that ETH will continue to fall until it reaches the next support in the price range of $3,307.

What is the conclusion for 2022?

BTC and ETH prices will continue to decline until the end of 2021, so you have to be prepared once the prices become bullish, the price pattern will follow what we have observed in 2021 and the price of BTC and ETH will form a new all-time high in mid 2022.

What about the other coins?

Coins with a bigger market cap for example:

Binance Coin (BNB), Tether (USDT), Solana (SOL), and Cardano (ADA) and other coins that have the same chart trend as BTC will experience the same price pattern in 2022 as well. Take a look at the chart below:

What is the conclusion?

Coins that have been listed on a large market cap have the same chart pattern as BTC and ETH. These crypto assets will experience price decline this December and will experience the same price pattern of line number 3 (bearish). The prices will then rise rapidly in early 2022 and most likely will also reach an all-time high in mid-2022.

Be prepared with your finances, to invest at this right time at the beginning of the year in crypto.

For coins like this, as long as you don’t spend money, you’re free to invest in airdrop/faucet coins where you only need to do the required tasks.

What about crypto assets like metaverse coins, web 3, NFT, and shi*coins in 2022?

Considering what happened for this year, with reference to Sut*on coin and S*uid Coin which were a scam or better known as a shi*coin, I do not recommend investing in them, especially for those coins that are not listed in CMC (coin market cap).

Diversification in coins is important, don’t keep all your funds in one coin, especially shit coin. Although it is true that the prices of some coins can appreciate by hundreds of percent, we cannot predict for sure which coins will experience such growth. Many of the coins are potential scams, remember to be wise when investing your money.

Should I invest in crypto assets that are airdrops or faucets?

For coins like this, as long as you don’t spend money, you’re free to invest in airdrop/faucet coins where you only need to do the required tasks. These airdrop/faucet coins might also be potential scams.

For other types of coins, if you have additional funds after these coins have been listed, you can try to invest in these coins.

Thank you for reading the analysis and predictions for the prices of crypto assets for 2022. Hopefully, this article inspires you to invest in crypto.

DISCLAIMER:

This article is a collaboration withenomy.

All information in this article is for educational purposes only. This article is not a recommendation or guide to buying or selling cryptocurrencies. The opinions in this article are written according to the rules and conditions of Tokenomy. Neither the author or Tokenomy are not responsible for any losses incurred. Crypto trading is a high risk activity, please consult your financial advisor before buying and selling cryptocurrencies.

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