Some time ago I posted some “apparently” st*pid posts, since I was quite new in this world. But now that I’ve checked them again, I can see I wasn’t that wrong regarding my targets. Still remember people calling me noob (I was, in fact), because they said to me I was wrong and LTC wasn’t going to go under $100. Well, it went under 100 dollars and it maybe goes to 45 dollars or so, my first target for LTCUSD.
That said, I’m going to publish an idea of where BTC could go. I’m not saying it’s going to happen that way because no one can predict 100% where it will go. But I have seen in a weekly chart a similar pattern as in the 1 Month chart. Maybe it doesn’t mean anything to some people, but it makes a lot of sense to me. Same Bollinger Bands shape, same MACD crossing, and Stoch RSI nearly similar. As you can see in the chart, MACD will cross in July, what will cause a massive sell off that will lead BTC really low. And my target is crazy, but still a possibility. Around 2,600 dollars is the bottom I predict now. Also, the Bollinger Bands are incredibly similar to 1 week chart, what points BTC to go under the 21 MA line.
Will it go to this price? Well, there’s a strong support there, so it can. Is it 100% sure? NO. Never NO. Because no one can predict exactly where it goes.
Anyways, I want to point out that it’s a possibility to take into account.
Before you see the chart, I want to point out that I’m not responsible of your actions and this is just an opinion.
See 1 week chart and its similarities:
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My idea is still valid although this manipulated pump has taken place. News from professionals say we have to prepare for BTC to go under 5000 dollars.
The move to the sub $3,000 is the least expected event to occur. I noticed that big players tend to makes moves that are the least expected. In our current climate, you can see that bitcoin will never scale, Eos is a centralized failure, KYC and ICO is coming in harder than ever, Japanese are banning privacy coins, debit/credit cards are banned from purchasing crypto, and Ethereum plasma protocol is far from complete.
Your chart could occur.
Andbcoin
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@CoreyH, I’ve done some maths and it goes there. I’ve calculated Elliott Waves with 123% wave 5, and a guy told me 200MA line of weekly chart goes there as well.
That said, it’s very possible :)
Andbcoin
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My idea is still valid although this manipulated pump has taken place.
News from professionals say we have to prepare for BTC to go under 5000 dollars.
Your chart could occur.