Hello dears!
Think I am crazy when I say that the cue ball will be 4500-5000$ for August-September! Can be! Do not argue! But my opinion is the place to be and here's why.
1) Institutions do not want to buy a cue ball for a high price.
2) according to the latest CBOE reports , mega whales are sitting in shorts.
3) Ruling the world just don't want the majority of people got rich and why do so people lost faith in the cue and sold on the cheap.
And the last...
4) analysis of the cue ball for 2014. He fell exactly 10 times! Therefore, from the previous highs ($20,000) ,the cue ball should fall to$ 2000 (but this is the Scam). Therefore 4500-5000$ I think it is real!
Your thoughts are interesting. What do you think about this ?
Absolutely agree with your opinion, but I guess with technical analysis. Personally I expect that this correction of Bitxoin downtrend will end in next 7-10 days and it will continue to fall after the middle of September. IMHO we will see it below $4200 by the end of this year.