As september has shown finally head and shoulders has formed at the highest support level on the day chart, so the fall down might be dramatically huge, down to 4150 with the first wave, and 3000 or even 2000 at last. This is my final thoughts on bitcoin future price action.
I can draw red lines to $50 and green lines to $50,000 - does that makes any sense? No, ofcourse the market will show you not these silly handmade drawings.
@WealthHustler, You should give people more credit, I did my best)) Agree in general, but this is just a guess, not a statement
WealthHustler
⋅
@leonidtoburokov, alright but since I'm hearing for 3K & 2K from the beginning of this year, it is highly unlikely to not visit those levels. If we're talking about XRP, it can go even below 10 cents bcz there's no UTILITY and only full speculation of a product used by none whereas BTC is the market structure, it's the very first asset anyone would want to buy bcz of the brand. anyway, lets keep fingers crossed and see where the market heads to :D I'm bullish overall but maybe there's a last bear trap possible for a week/less to shake the weakest hands and then rinse & rise :D
WealthHustler
⋅
pardon my typo, (It is highly unlikely to visit those levels) correction*
leonidtoburokov
⋅
@WealthHustler, ok! Missed Ripple pumping up, hopefully it will keep its high volatility, Brad Garlinghouse is a hype master)
WealthHustler
⋅
@leonidtoburokov, hahah yeah, we need SWELL (SELL) events every month :D