08.24.19
Current price: $10,162
Prediction: huge correction within 48 hours (8K range)
No extensions?
Quote
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?)
But as someone knowing that it might "crash" to $8,000, how would you take it? It should be as an opportunity in my opinion. By the next halving, we might never see Bitcoin trading below $10,000 again.