As for people on the sidelines, chasing price now is not wise at all. I'm still making money from being on select altcoins with good fundamentals and technical trend signals which I joined, while risk/reward and probability were optimal, and I'm still far ahead of $BTCUSD holders, by actively trading in and out of positions instead of blindly hodling $BTC. I'm not bothered by losing a bit in $BTC terms, after having beaten it heavily in the past two years. Some people will get obsessed and do stupid things due to this, so, please, don't be too greedy. You may not see other opportunities in front of your eyes, due to focusing too hard on one thing.
As for $BTC, I will explain this in more detail in a video, but also want to have the chart with the forecasts published.
PS: To the haters, chill guys, it's not good for your health to be so negative. If you carefully review all my publications and learn more about how trading works, you might change your mind. It's not about absolute returns at the expense of having wild and drawdowns in your equity, it's about maximizing risk adjusted returns. Maybe some day you'll get it. At times, haters are just people who need to criticize others to hide their own flaws...not good behavior, speaks bad about anyone doing it. I'm a positive guy, you won't ever see me actively criticizing people all the time. Lighten up!
My connection might be slow, you can hear most of the audio here...
We already had two bearish news: Coinbase IRS oversight of users and China soon to ban OTC trading...
$BTCUSD has a buy signal here, if not below today's low it can surge for the next 7 days and hit between 22 and 25k at the top.
Down to 9900-6695.
I agree with your CURRENT price forecast
I am saddened you did NOT identify any price targets, support price trend lines that we may hit or stop at during a fall downward.
(You should try this to gain more loyalty)
However this idea starts back so far... it's soooooooooooooooooooooo old.... that I recommend starting a new one.
Just a suggestion. :)
It's puzzle pieces, that you gradually get from the market, in different timeframes that help you predict the future step by step. They are not all readily available at once.
This is why I couldn't give more precision here yet. I could have labeled key support levels that would likely act as a floor or level where prices stall, but that's about it.
Trendlines are not something I us...