Price Movement:
I expect that we will get an impulsive move to the upside, where everybody thinks that the correction is over.
Then when everybody buys back in we will see a huge dump, going deeper than the one beforehand.
And when everybody thinks BTC is dead then we will see bull again.
Price levels:
This idea is more about the timing than the price, therefore let's just say for now that I think that we have a very high possibility of seeing the 1k lvl again.
The Timing
Using Fibs to project the timing of corrections, it is very likely that we will see a turnaround mid next year (Aug - Sep).
Probably right in between.
I expect that we will get an impulsive move to the upside, where everybody thinks that the correction is over.
Then when everybody buys back in we will see a huge dump, going deeper than the one beforehand.
And when everybody thinks BTC is dead then we will see bull again.
Price levels:
This idea is more about the timing than the price, therefore let's just say for now that I think that we have a very high possibility of seeing the 1k lvl again.
The Timing
Using Fibs to project the timing of corrections, it is very likely that we will see a turnaround mid next year (Aug - Sep).
Probably right in between.
Comment:
Don't think it's over:
