Post
Topic
Board Speculation
Merits 15 from 4 users
Topic OP
Huge drop happening within 48 hours! (I WAS RIGHT!)
by
DrBitcoin
on 27/08/2019, 11:07:45 UTC
⭐ Merited by mindrust (10) ,EdenHazard (3) ,Wilhelm (1) ,STT (1)
08.24.19
Current price: $10,162
Prediction: huge correction within 48 hours (8K range)

I’ve been into BTC since 2014, and I am NOT a trader. I can read the charts somewhat. Every analyst is pointing out right now that there is a descending wedge, coiling price, and dropping volume. They are also claiming a symmetrical triangle. A lot of them are expecting a break to the upside because we are technically in a “bull market.”

I firmly disagree. The sentiment right now is a little negative. After this huge run up I expect a break down to like 8K or lower.

I could be wrong, I hope I’m wrong. And I’m not willing to sell any bitcoin and take a chance.

But I think I’m right! (Let’s see if this ages well?)

UPDATE 08.29.19
Ok, so I got the time frame, and direction...but it got to 9400, didn’t quite get to the 8000k range.

NEXT PREDICTION: By September 5th...bitcoin will be between 8200-8600 range. I know it’s a big range. But that’s still a huge drop from here.

(We will likely get close to 10K first. Possibly tomorrow or Saturday. May even get slightly over. But than crash down to 8200-8600 by 11:59PM sept 5)