Hey everyone!
My first of a kind #BTC prediction.
BTCUSD
Fundamentals
As you maube know there are 4 events are planned to happen during Q1:
- VANECK/SolidX ETF approval/disapproval by SEC ( Feb 27)
- BAKKT and NASDAQ futures trading start, if approved by CFTC in Q1
- Mt. Gox coins redistribution plan to be announcd on Feb 2019
So there are several factors that could lead market downwards. If SEC will decline ETFs, Futures won't start and Mt. GOX's coins will be released right after decision ( as it said: "...as soon as possible", and will lead to selling 160,000 BTC and 168,000 BCH) then market will have enough reasons to go down.
Technicals
As you see on my noobs chart, and if I'm right of course in my drawing and prediction, the highest point where BTC could go is $6066, but I think we will not see it. My prediction is that BTC will raise as high as 4750 not later than Feb 27 and then fall somewhere between 1800-3500 till the end of March. After that we'll see slowly raising.
I'm sure many of us don't like to see such ideas but that doesn't nean it won't happen.
Will see.
Good Luck!
My first of a kind #BTC prediction.
BTCUSD
Fundamentals
As you maube know there are 4 events are planned to happen during Q1:
- VANECK/SolidX ETF approval/disapproval by SEC ( Feb 27)
- BAKKT and NASDAQ futures trading start, if approved by CFTC in Q1
- Mt. Gox coins redistribution plan to be announcd on Feb 2019
So there are several factors that could lead market downwards. If SEC will decline ETFs, Futures won't start and Mt. GOX's coins will be released right after decision ( as it said: "...as soon as possible", and will lead to selling 160,000 BTC and 168,000 BCH) then market will have enough reasons to go down.
Technicals
As you see on my noobs chart, and if I'm right of course in my drawing and prediction, the highest point where BTC could go is $6066, but I think we will not see it. My prediction is that BTC will raise as high as 4750 not later than Feb 27 and then fall somewhere between 1800-3500 till the end of March. After that we'll see slowly raising.
Will see.
Good Luck!
Comment:
And it will finish the cycle inside Gann box: