Using fib retracements 25k feels inevitable. At least 2 more weeks of downside; 25k could be the bottom but if that doesn't hold the next target is 20k.
Levels to watch out for:
ICX is just getting started on the monthly chart, the SAR indicator just turned bullish, TD sequential shows a green 2 above a green 1 (although the month hasn't closed yet). There isn't much resistance after 72 cents, could eventually see ICON worth over $3
OMG is looking like it eventually wants to reach $7.30 which is the 0.236 fib retracement from the previous high. There is really no resistance until there, but it will still take time to reach. This is the monthly outlook.
The moon is now over 50% illuminated and as stated in my previous analysis, I took profit at 10,900 and have now entered a short trade. I don't plan on closing it until approximately the 14th (date of the upcoming full moon). I see a clear rejection on the daily BTC/USD chart forming and I believe this sequential 1 will be the first of many in the days to come....
This last new moon was a super moon and it's effects are becoming obvious, however a full moon is on the rise on the 14th so I don't think this rally will last past that date.
There is further upside to be had, my target is towards the top of the triangle (10,800 to 11k range). This could be over the next week and no later than the 11th in my opinion. If that...
A new moon is on the rise and I am expecting the price to follow (roughly 4 - 5 % increase).
Also noteworthy, Bitcoin has been in a big descending triangle , however I don't expect it to break out one way or another until mid September at the soonest.