BTC is consolidating...again. This time however are we going up or down at the end of the pattern? For now BTC will head down and then we shall see.
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I predict a drop down to the 48k area (4.5% drop from current price) and then back up to 50k area again. I think there will be a blow off top from some alts. I will be taking gains when BTC gets back to 50k area before its starts its decent for a few weeks ...or if BTC continues down to 46.5k and then back up it will change my mind and I will likely see this as a bullish indicator that it will go up from there. Lets's see as usual
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I give it 1-2 days from now to reach the target. Let's see
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And there is the dip...wow 43k...didn't see that coming. I think it will come all the way back to 52k and some ALTS will have a blow off top but we should always be watching BTC for another potential drop. Let's see
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Maybe something like this...let's see
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Here are my current thoughts...green box is area of interest for me. I am thinking most likely down after that area but let's see.
To address a previous message of dip, rip, and drop. We saw a dip (more than I expected as noted) but will we see a rip? It probably won't happen until we drop more, maybe down to the 40k area. I am still planning to take some profit on ALTS but will we see a blow off top? Maybe that was trying to predict too much. Good luck to you all
To address a previous message of dip, rip, and drop. We saw a dip (more than I expected as noted) but will we see a rip? It probably won't happen until we drop more, maybe down to the 40k area. I am still planning to take some profit on ALTS but will we see a blow off top? Maybe that was trying to predict too much. Good luck to you all
Trade closed manually:
I am going to close this idea since I am basically posting the same update to my other idea which I will continue to update ...here is a link. I think more than likely going we are going to see a larger drop and zooming out on the 5 day may be the best approach to predicting where BTC may go next IMO...good luck