The most bullish possible scenario I can imagine for BTC on the charts would require a decline to 4,500 to 5,500, with that low coming in the first quarter of 2020. Should this construct form I will identify its parts at a later date. But for now, if you are really bullish on BTC you should exercise patience. Do not be eager to catch this falling knife. When all the FOMO crowd loses interest in BTC it will be time to be a major buyer.
OK great we got your bullish scenario minus a fast wick slightly lower. I saw your recent update and this is not the perfect market for bitcoin. Give it some time and it will be given all the printing. Uncertainty has to settle down a bit in the markets first.
refvfc
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R.I.P
Cryptodesperate
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Don't think will take so long, most probably End of Oct or early Nov period but definitely before end of this year.
seba26-77
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SoonicTM
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BTC is heading where it's intrinsic value is. No matter your fancy trendlines, indicators or wishes ;-)
Moe_mentum
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nice work as always peter ,
mljones
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What do you think of the idea that the recent bull market was an echo bubble, similar to nokia and sugar?
Jolgan
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Peter, 30-200 beats 18,(I hope). Small correction to middle of the range.
acupandahandle
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Until Q1 2020 there could be several swings with falling knives to catch, though.