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?)
I agree with you I am also waiting a breakout to the down side. But the target is not 8k or below. My target is 8800-9000 USD. And the timing is not in few days. By the way the big break out which will move BTC maybe 3k or more is probably will accrue in September.