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DBerendey
Aug 20, 2021 6:55 AM

Nearest goals in bitcoin correlated with my previous forecast 

Bitcoin / DollarBitfinex

Description

I expect that in this week (maximum tuesday) we will close somewhere between 50-53k - then we will get similar candle pattern as in the past. The shadow of candle cover more than 50% of the previous week candle. Previous time we've got a 2 week correction. On tuesday upper boundary of the rising wedge (we are in this wedge whole bull run from 21 july - you need to draw it on 4H chart) will be exactly near 52k. Correction from 52k would be till 40.7k (0.5% fibo level), but the candle shadow can fall till 38.8k. After this correction we will rise till 68k (1.618% fibo level) - as in my previous forecast which is more global (check it to get to know how I see the future of bitcoin for nearest years).

We will reach 68k in the end of September - in October we will start to fall till 20k - it can be very fast because of black swan, so be careful.
Comments
blueboy356886
September is generally a very bearish month for stocks. Might be the month BTC hits 20k.
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