This is a needed pullback in a bull market. The lower we go, the better for the long run. I expect we will see ATH again in 1 or 2 months. 2021 should see 100k dollar
Last 2 months my prediction is holding up ( ). This is my outlook into Q4 2020.
Zooming out it looks pretty dangerous to me. Interesting weeks ahead.
After this probably 1 to 3 months side way and then make or break. I suggest allocating more value into physical stuff, like gold and silver for the coming years.
bear markets just take a long time... still too many (unexperienced) people with profits all we hear is bullruns to 100k, but everybody is re-tweeting each other thoughts in this, still, very small community/market.
..and BTC will moon soon Lets trade on fomo & hopium....and sing together... www.youtube.com
Imo all indicators seems to match
Decending wedge into the halvening around 22may2020
Is it another bullflag? Worst case it can drop back to 1350 usd, but within 5 years gold most probably will be at least 5000 dollar because of all the debts and financial trouble in the world.
Compared to 2014 there is a lot more market capital in #bitcoin today. For this reason the price moves more slowly then before, yet the psychology behind the swings are the same?
Which outcome is more likely? A, B or C
I still don't think enough people have made a loss to have seen the real bottom of the bear market. People have still been too bullish on a recovery to ATH.
Drop into early next year. Then kill all the shorts in a last rally and then the big crash down.
Parabolic uptrends have their pullbacks to retest. Buy the bakkt rumor, sell the news..
dollar will be the last currency standing vs other world currencies before we have to do a reset
October 2019 will be the beginning of the end of our current international financial system. #Gold and #Bitcoin will play an important role in the new 21st century "Bretton Woods v3.0" (?) one.