08.24.19
Current price: $10,162
Prediction: huge correction within 48 hours (8K range)
Ive 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 Im wrong. And Im not willing to sell any bitcoin and take a chance.
But I think Im right! (Lets see if this ages well?)
UPDATE 08.29.19
Ok, so I got the time frame, and direction...but it got to 9400, didnt quite get to the 8000k range.
NEXT PREDICTION: By September 5th...bitcoin will be between 8200-8600 range. I know its a big range. But thats 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)