Good evening! I will take a break from the charts for the next two weeks. So here is the long-term outlook I'm looking at. I wish you all the best, enjoy your family, friends and take care of your beloved ones. Merry Christmas and just the best to all of us in 2019!
BTC will retrace during summer, why?
- big players don't want to trade during the summer
- big players want a nice discount
- big players will accumulate during summer
After summer ends, basically beginning of August BTC will start raising, why?
- there is a rocket in the chart
- big players are back for having some fun
Until? Well, exactly until December like...
Verge has retraced below the fib 0.786 zone from previous highs. Currently building an inverse H&S . This shitcoin can fly if it can break thru 535.
And by the way: If verge team could fix their shitty blockchain from being constantly attacked - that would be nice.
Yesssss, this was the bottom ... of course NOT! Don't fomo into this cheap breakout. This will end in another bart-pattern in a few hours.
We will still go down to 6000 and MAYBE to 4000. Expect a new bull cycle beginning of September, if BTC is still legal to trade of course ...
(ps: please push LTC up to 125, so I can get rid of my bad entry the other day when...
This triangle will break for sure, and LTC will fall way under $100.
This will be crypto meltdown phase1.
Save some cash for crypto meltdown phase2.
(although, since everybody is talking about this crash, it will most likely not happen)