Hello Everyone,
I hope you all are doing well during this corona pandemic and volatile markets.
In this post I want to bring your attention to the prediction/ forecast 2020 I had published on 2 Jan 2020.
In this post I predicted that BTC will most likely drop to 4400-5200 before 15 April 2020,
The Fib circle, Fib time projections and pitchfork I used to make this prediction can be found in the link below.
The Shepherd Indicator called this short from 8000 zone; we did trade it partially in my disc group;
So the big question now is: is BTC gonna drop to 3150 or lower? and what about halving?
1) I do think BTC have higher chances of dropping to lows at 3150. TO further confirm this we need to focus on the weekly close. For any hope for bulls BTC should not break the 200SMA on Weekly TF.
2) About halving: Just forget about the halving event, in current status where major world banks printing trillions of dollars for bail-out is unable to keep markets up, a simple halving is not gonna push BTC back to 10K.
I have been bearish on stocks for some time now, and in my and other disc group I posted a massive H&S on SPY, that pattern played out to the 'T'. with re-test of the neckline.
For BTC I think it will spend some time ranging between 4400-5200 zone and it will break the Weekly 200SMA. I will make another post on Monday to update.
Please follow the forecast post, also if you want more updates from me then consider joining disc group below.
Happy and safe trading...
Chao...
I hope you all are doing well during this corona pandemic and volatile markets.
In this post I want to bring your attention to the prediction/ forecast 2020 I had published on 2 Jan 2020.
In this post I predicted that BTC will most likely drop to 4400-5200 before 15 April 2020,
The Fib circle, Fib time projections and pitchfork I used to make this prediction can be found in the link below.
The Shepherd Indicator called this short from 8000 zone; we did trade it partially in my disc group;
So the big question now is: is BTC gonna drop to 3150 or lower? and what about halving?
1) I do think BTC have higher chances of dropping to lows at 3150. TO further confirm this we need to focus on the weekly close. For any hope for bulls BTC should not break the 200SMA on Weekly TF.
2) About halving: Just forget about the halving event, in current status where major world banks printing trillions of dollars for bail-out is unable to keep markets up, a simple halving is not gonna push BTC back to 10K.
I have been bearish on stocks for some time now, and in my and other disc group I posted a massive H&S on SPY, that pattern played out to the 'T'. with re-test of the neckline.
For BTC I think it will spend some time ranging between 4400-5200 zone and it will break the Weekly 200SMA. I will make another post on Monday to update.
Please follow the forecast post, also if you want more updates from me then consider joining disc group below.
Happy and safe trading...
Chao...
