Post
Topic
Board Speculation
Re: Bollinger: "BTCUSD is in a BB Squeeze, Awaiting confirmation of a move higher."
by
soxxx
on 19/09/2019, 02:00:37 UTC
Without even using the chart, I know that the day of the bears is gradually getting over, I mean that the little bears that has been pulling the market down every time that we always head up for recovery ever since we saw that $13800. If the price plunge low to $9000 again, I think this might just be the last we will see of that $9000 and we may have to take it as an opportunity for those who has been skeptical about making investment to make it right now before there is another surge that would make it impossible for them to buy again.

The thing I just know is that there is possibility of bitcoin heading for $15000 before the end of the year and if that is going to be the case, then it is certain that the market will head for a bull run at early next year.
In the last bull market the longest duration between a swing high and swing low was 46 days.....we hit our swing high almost 90 days ago, so unless Bitcoin does something different, our swing low was in mid July when we hit $9100. A move lower than $9100 at this point would be breaking the trend of the last bull market. I would say at this point it is 95% chance we never go lower than $9100, and it is very likely we will break bullish soon, and start our ascent to breaking $13,900, perhaps in October or November, and potentially running up to $20k shortly after.