Sticking to my targets of Dec 2018 lows at 0.0115. Might just go a little below to hunt liquidations and stops but shoul bounce from 0.011. Wouldnt be surprised if the bounce comes post Nov or Jan. Alt season is still far, btc dominance is at its highest since mid 2017, pre-bullrun.
After the LTC fork, we saw btc going from July lows of 9100 to 12000. Ltc saw some downside in terms of bitcoin which should continue for the next few months. BTC dominance is at the highest at 68% at the time of writing, aiming for 80% which seems to be the likely scenario at the moment. Futhermore, eth/btc will drop to sub 0.015 levels (0.019 at the time of...
Bull runs are all about accumulation phases, those who want to buy at premium prices do, but best range to buy bitcoin would be in 6000-8000 range before be break 20000 and post 2020 we'd never see a 4 digit btc price ever again. Volatility still very high, will need to calm down buying pressure. I'd say start FOMO buys once we drop 8000.
Bouncing of 9800 support was good sign, now retest resistance of 12000 which i doubt its gonna break. intermediate correction time. If 9000$ doesnt hold, we wouldnt see 5 digit btc for a couple of months.
GOTTA SEE THE BIGGER PICTURE. 7 MONTH CORRECTION OF RISE FROM 3200 TO 13900, 80% OF THAT WOULD BE IN THE REGIONS OF 5800-6000. ITS ACCUMULATION/DISTRIBUTION PHASES. FROM 6000 TO 18000 ANOTHER 300% RISE MAYBE BY THE START OF 2020.