I have looked at the daily chart considering a longer term prediction. That cheat sheet is designed by Richard Wyckoff, I guess a trader would know who he is. So the way I see it, the daily chart fits his predictive cheat sheet. Weekly or even monthly fits better.
What I believe is that we're gonna see some more drops with BTC before the next mark up phase begins. And that would be the area of 16K-20K in my opinion. This would also close the gaps on CME that BTC left behind during mark up phase.
Always DYOR! This is not a financial advise! Cheers.
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I'm so sorry for those indicators there. I forgot to remove them before publishing this. And now I don't know how to remove. :)
Nice Prediction. You were true. any further prediction please?
koklucinar
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@Basit5, Thank you. I believe we're still in the accumulation zone and 13-14K area is still a possibility due to current economic conditions worldwide. I'm still skeptical until we see how this winter goes with all these natural gas problems and etc. I personally got in the mood "wait and see" and going long or short these days.