DrJLT
Short

BTCUSD down to $9k next week

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
In my previous posts, I suggested that BTC would possibly reach $18k and stay in a period of confusion this weekend before crashing to at least $9k next week.

The first two parts of my prediction have become more or less reality. I think the general trend is that BTC starts going down.

I know there are people who believe the bitcoin never goes down -> if you believe this, keep on believing it. Reasonable people know what goes up must come down.

I believe the target zone will be between 0.5 and 0.236. Of course, I could very well be wrong, and BTC will go to the moon or the sun tomorrow.

Comment: check out my website: https://www.jlteng.com

btw, when I mentioned next week I meant starting next week. It could take more than one week (it should) before reaching the target zone.
Comment: of course it doesn't go in a straight line. people are wishing for a huge pump by wall street tomorrow. so today a bull trap
your thesis on btc looks about right to me man so thanks for sharing your insights
Reply
or it will be the margin short popping game again, like so often...

https://www.bfxdata.com/positions/btcusd
Reply
ChalifStorch ChalifStorch
yes, they do let the shorts pop.
Reply
Its showed a correction down to mid 13-14 levels . What can we expect now?
Reply
DrJLT AkshitMakhija
@AkshitMakhija, my feeling is that this is a trend reversal, not a correction. however, Monday could be a watershed, so don't invest based on my opinion but your decision.
+1 Reply
about god damn time lol
+1 Reply
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