I don't usually post price targets, but based on the current momentum, I think this is worth sharing.
Last year, we experienced the same kind of selling pressure in altcoins, vs BTC, as we are experiencing in BTC right now.
I believe this is the final shakeout and I think it's going to be BAD. Same players, same game.
If we are where I think we are, we need at least another 40% drop in USD, to complete the despair and if the game is the same, it will be RAPID.
We could see BTC in the $1500-2500 range within the next week, before a rebound.
Every stop loss must be triggered. Every margin must be called. And everyone staring at the market, must panic sell.
Your insides need to feel like a wet rag being wrung out, if you have a long open
Last year, we experienced the same kind of selling pressure in altcoins, vs BTC, as we are experiencing in BTC right now.
I believe this is the final shakeout and I think it's going to be BAD. Same players, same game.
If we are where I think we are, we need at least another 40% drop in USD, to complete the despair and if the game is the same, it will be RAPID.
We could see BTC in the $1500-2500 range within the next week, before a rebound.
Every stop loss must be triggered. Every margin must be called. And everyone staring at the market, must panic sell.
Your insides need to feel like a wet rag being wrung out, if you have a long open